Illinois Statutes
§ 1B-3 — Definitions
Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance
As used in this Article:
(a)"Financial Oversight Panel" or "Panel" means the Financial Oversight Panel created under Section 1B-4;
(b)"Board" means a local board of education;
(c)"Budget" means the annual budget of the board required under Section 17-1 and is subject to the authority of the Panel as provided in this Article;
(d)"Chairman" means the chairman of the Panel appointed pursuant to Section 1B-5 of this Article;
(e)"District" means any school district of this State not subject to the provisions of Article 34;
(f)"Financial plan" means the financial plan of the board required to be developed pursuant to this Article;
(g)"Fiscal year" means the fiscal year of the board;
(h)"School year" means the school year of the board;
(i)"State Board" means the Illinois State Board of E
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Legislative History
(Source: P.A. 88-618, eff. 9-9-94.)
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(Repealed)