Illinois Statutes
§ 1H-60 — Financial, management, and budgetary structure
Illinois·Topic EDUCATION·Ch. 105 SCHOOLS·Act 105 ILCS 5/ School Code.·Art. Article 1H - Financial Oversight Panels
Upon direction of the Panel, the district shall reorganize the financial accounts, management, and budgetary systems of the district in a manner consistent with rules adopted by the State Board regarding accounting, budgeting, financial reporting, and auditing as the Panel deems appropriate to remedy the conditions that led the Panel to be created and to achieve greater financial responsibility and to reduce financial inefficiency.
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Legislative History
(Source: P.A. 97-429, eff. 8-16-11.)
Nearby Sections
15
§ 1H-1
Short title§ 1H-10
Definitions§ 1H-100
§ 1H-100§ 1H-110
Sanctions§ 1H-115
Abolition of Panel§ 1H-120
§ 1H-120§ 1H-15
§ 1H-15§ 1H-20
Members of Panel; meetings§ 1H-25
General powers§ 1H-30
Employees§ 1H-35
School treasurer§ 1H-50
Deposits and investments