Illinois Statutes
§ 1B-10 — Approval of Financial Plan, Budget and Contracts
Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance
In carrying out the purposes of this Article, the Panel shall have the power to approve or to reject the financial plans, budgets and contracts of the board; provided, however, that the Panel shall have no power to impair any existing contract or obligation of the board.
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Illinois § 1B-10 (Approval of Financial Plan, Budget and Contracts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 86-954.)
Nearby Sections
15
§ 1B-1
Short title§ 1B-11
Balanced Budget§ 1B-12
Financial Plans§ 1B-13
Budgets§ 1B-15
Expenditures§ 1B-17
Hearings§ 1B-19
Abolition of Panel§ 1B-2
Findings and purpose§ 1B-20
Sanctions§ 1B-21
(Repealed)