Illinois Statutes
§ 1E-55
Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 1E - Downstate School Finance Authority
(This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-55. Cash accounts and bank accounts.
(a)The Authority shall require the district or any officer of the district, including the district's treasurer, to establish and maintain separate cash accounts and separate bank accounts in accordance with such rules, standards, and procedures as the Authority may prescribe.
(b)The Authority shall have the power to assume exclusive administration of the cash accounts and bank accounts of the district, to establish and maintain whatever new cash accounts and bank accounts it may deem appropriate, and to withdraw funds from these accounts for the lawful expenditures of the district.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 1E-55 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
§ 5/1E-165
Illinois 105 § 5/1E-165
Legislative History
(Source: P.A. 92-547, eff. 6-13-02 .)