reglab/housing_qa huggingface dataset:
105 ILCS 5/1B-1
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-1)Sec. 1B-1.     Short title.     This Article may be cited as the School  District Financial Oversight Panel and Emergency Financial Assistance Law.    (Source: P.A. 88-618, eff. 9-9-94.)
105 ILCS 5/1B-2
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-2)Sec. 1B-2.     Findings and purpose.(a) The General Assembly finds:(1) A fundamental goal of the people of the State, as     expressed in Section 1 of Article X of the Illinois Constitution, is the educational development of all persons to the limits of their capacities.  When a board of education faces financial difficulties, continued operation of the public school system is threatened.(2) A sound financial structure is essential to the     continued operation of any school system.  It is vital to commercial, educational and cultural interests that the public schools remain in operation.  To achieve that goal, public school systems must have effective access to the private market to borrow short and long term funds.(3) To promote the financial integrity of boards of     education of school districts with a population of less than 500,000, it is necessary to provide for emergency State financial assistance and the creation of financial oversight panels with the powers necessary to promote sound financial management to assure the continued availability of educational opportunities.(b) It is the purpose of this Article to provide  financial oversight panels and emergency State financial assistance to  school districts and  establish a secure financial basis for their continued  existence.  The intention of the General Assembly, in  enacting this legislation, is  to establish procedures, provide powers and impose  restrictions to assure the financial and educational  integrity of the public schools while leaving principal  responsibility for the educational policies of the public  schools to the boards of education within the State,  consistent with the requirements for satisfying the public  policy and purpose herein set forth.    (Source: P.A. 88-618, eff. 9-9-94.)
105 ILCS 5/1B-3
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-3)Sec. 1B-3.     Definitions.     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  Education;(j) "State Superintendent" means the State  Superintendent of Education.    (Source: P.A. 88-618, eff. 9-9-94.)
105 ILCS 5/1B-4
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-4)Sec. 1B-4.         Establishment of Emergency Financial  Assistance and Financial Oversight Panel.  When approved by the State Board under this  Article there is established a body both corporate and  politic to be known as the "(Name of School District)  Financial Oversight Panel" which, in such name, shall  exercise all authority vested in such Panels by this  Article.Upon the affirmative vote of not less than a majority of its  full membership, a local board of education of a school district that  has been certified to be in financial difficulty under  Section 1A-8 may petition the State Board of Education for  emergency financial assistance and the establishment of a  Financial Oversight Panel for the district as provided under  this Article.  In addition, the State Superintendent of Education may  petition the State Board of Education for the establishment of a Financial  Oversight Panel, with or without emergency financial assistance, for any  district that has failed to comply with its financial plan and has had the plan  rescinded by the State Board as provided in Section 1A-8.  No petition for  emergency financial  assistance shall be approved by the State Board unless there  is also established a Financial Oversight Panel.In determining whether to allow the petition the State  Board shall consider the following factors  among others that it deems relevant:(a) whether the petition is in the best educational  interests of the pupils of the district;(b) whether the petition is in the near and long term  best financial interests of the district;(c) whether the district has sufficient pupil  enrollment and assessed valuation to provide and maintain  recognized schools;(d) whether the petition is in the best interests of  the other schools of the area and the educational welfare of  all of the pupils therein; and(e) whether the board of education has complied with  the requirements of Section 1A-8.The State Board may vote to either grant or deny the  petition based upon the recommendation of the State  Superintendent of Education and any other testimony or  documentary evidence the State Board deems relevant.  The  decision of the State Board whether to grant or deny the  petition shall be final.  If an approved petition requests  emergency financial assistance, the  school district shall be eligible for emergency State  financial assistance, subject to the other provisions of  this Article.    (Source: P.A. 88-618, eff. 9-9-94.)
105 ILCS 5/1B-7
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-7)Sec. 1B-7. Financial Administrator; powers and  duties.  The Financial Administrator appointed by the  Financial Oversight Panel shall serve as the Panel's chief  executive officer.  The Financial Administrator shall  exercise the powers and duties required by the Panel,  including but not limited to the following:(a) to provide guidance and recommendations to the     local board and officials of the school district in developing the district's financial plan and budget prior to board action;(b) to direct the local board to reorganize its     financial accounts, budgetary systems, and internal accounting and financial controls, in whatever manner the Panel deems appropriate to achieve greater financial responsibility and to reduce financial inefficiency, and to provide technical assistance to aid the district in accomplishing the reorganization;(c) to make recommendations to the Financial     Oversight Panel concerning the school district's financial plan and budget, and all other matters within the scope of the Panel's authority;(d) to prepare and recommend to the Panel a proposal     for emergency State financial assistance for the district, including recommended terms and conditions of repayment, and an operations budget for the Panel to be funded from the emergency assistance or from deductions from the district's general State aid or evidence-based funding;(e) to require the local board to prepare and submit     preliminary staffing and budgetary analyses annually prior to February 1 in such manner and form as the Financial Administrator shall prescribe; and(f) subject to the direction of the Panel, to do all     other things necessary or convenient to carry out its purposes and exercise the powers given to the Panel under this Article. (Source: P.A. 100-465, eff. 8-31-17.)
105 ILCS 5/1B-7.5
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

Sec. 1B-7.5. Hiring of a district superintendent or chief executive officer.(a)  Upon expiration of the contract of the school district's superintendent who is serving at the time the Financial Oversight Panel is established, a school district under the authority of a Financial Oversight Panel, after consultation with the Financial Oversight Panel, shall have the authority to appoint a district superintendent with a type 75 certificate or a chief executive officer who has the skills of school operations and school finance and who shall have the ultimate responsibility for implementing the policies, procedures, directives, and decisions of the school board and the Financial Oversight Panel.(b)  The chief executive officer shall have the authority to determine the agenda and order of business at school board meetings, as needed in order to carry forward and implement the objectives and priorities of the school board and Financial Oversight Panel in the administration and management of the school district.(c)  The chief executive officer shall have all of the powers and duties of a school district superintendent under this Code and such other duties as may be assigned by the school board and Financial Oversight Panel, in accordance with this Code. The district shall not thereafter employ a superintendent during the period that a chief executive officer is serving the district.(d)  The Financial Oversight Panel shall have the final approval of the superintendent or chief executive officer position under this Section as well as the person, based upon his or her skills to fulfill the position.   (Source: P.A. 96-401, eff. 8-13-09.)
105 ILCS 5/1B-7.10
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

Sec. 1B-7.10. Hiring of a chief fiscal officer.(a)  In lieu of a Financial Oversight Panel Financial Administrator under Section 1B-7 of this Code, a school district under the authority of a Financial Oversight Panel, after consultation with the Financial Oversight Panel, may appoint a chief fiscal officer who, under the direction of the school board and Financial Oversight Panel, shall have the powers and duties of the district's chief school business official and any other duties regarding budgeting, accounting, and other financial matters that are assigned by the school board or Financial Oversight Panel in accordance with this Code. The district may not employ a chief school business official during the period that the chief fiscal officer is serving in the district. The chief fiscal officer may but is not required to hold a certificate with a chief school business official endorsement issued under Article 21 of this Code.(b)  The Financial Oversight Panel shall have the final approval of the chief fiscal officer position under this Section as well as the person, based upon his or her skills to fulfill the position.   (Source: P.A. 96-401, eff. 8-13-09.)
105 ILCS 5/1B-9
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-9)Sec. 1B-9.         Assistance by State agencies, units of  local government or school districts.  The local board shall  render such services to, and permit the use of its  facilities and resources by, the Financial Oversight Panel  at no charge as may be requested by the Panel.  Any State  agency, unit of local government, or school district may,  within its respective lawful powers and duties, render such  services to the Panel as may be requested by the Panel.  Upon request of the Panel any such agency, unit of local  government or school district is hereby authorized and  empowered to loan to the Panel such officers and employees  as the Panel may deem necessary and request in carrying out  its powers and duties.  Officers and employees so  transferred shall not lose or forfeit their employment  status or rights.    (Source: P.A. 86-954.)
105 ILCS 5/1B-10
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-10)Sec. 1B-10.     Approval of Financial Plan, Budget and Contracts.     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.    (Source: P.A. 86-954.)
105 ILCS 5/1B-11
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-11)Sec. 1B-11.     Balanced Budget.     The local board's budget  for each fiscal year shall be balanced in accordance with an  accounting system and procedure to be prescribed by the  Panel.    (Source: P.A. 86-954.)
105 ILCS 5/1B-13
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-13)Sec. 1B-13.     Budgets.     The board shall develop, adopt  and submit to the Panel for approval by the Panel the annual  budget for each fiscal year required by Section 17-1.  After  adoption by the board, the board shall submit each budget to  the Panel for its approval not later than 30 days prior to  the commencement of the fiscal year to which the budget  relates.  The Panel shall approve or reject the budget  within 30 days of its receipt from the board.  No budget  shall have force or effect without approval of the Panel.  Each budget shall be developed, submitted, approved and  monitored in accordance with the following procedures:(a) Each budget submitted by the board shall be based  upon revenue estimates approved or prepared by the Panel.(b) Each budget shall be consistent with the budgetary  structure required by the Panel and contain such information  and detail as may be prescribed by the Panel.  The Panel may  also prescribe any reasonable time, standards, procedures or  forms for preparation and submission of the budget.  Any  deficit for the prior fiscal year and for any fiscal year  thereafter shall be included as a current expense item for  the succeeding fiscal year.(c) The Panel shall approve each budget if, in its  judgment, the budget is complete, is reasonably capable of  being achieved, will meet the requirements set forth in this  Article, and will be consistent with the financial plan in  effect.  Otherwise, the Panel shall reject the budget.  In  the event of rejection, the Panel may prescribe a procedure  and standards for revision of the budget by the board.  In  the event the local board fails to adopt a budget approved  by the Panel prior to the end of the first quarter of the  fiscal year as required by Section 17-1, the offices of all  local board members shall be deemed vacant by operation of  law.(d) The board shall report to the Panel and the  Financial Administrator at such times and in such manner as  the Panel may direct, concerning the board's compliance with  each budget.  The Panel may review the board's operations,  obtain budgetary data and financial statements, require the  board to produce reports, and have access to any other  information in the possession of the board that the Panel  deems relevant.  The Panel may issue recommendations or  directives within its powers to the board to assure  compliance with the budget.  The board shall produce such  budgetary data, financial statements, reports and other  information and comply with such directives.(e) After approval of each budget, the board shall  promptly notify the Panel of any material change in the  revenue or expenditure estimates in the budget.  The board  may submit to the Panel, or the Panel may require the board  to submit, an amended budget.  The Panel shall approve or  reject each amended budget pursuant to this Section.    (Source: P.A. 86-954.)
105 ILCS 5/1B-14
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-14)Sec. 1B-14.     Contracts and Other Obligations.     (a)  No contract or other  obligation shall be entered into by the board unless it is  consistent with the financial plan and budget in effect,  including any employment contract or collective bargaining  agreement.(b) The Panel may identify categories and types of  contracts and other obligations that shall be subject to  approval by the Panel and the procedure for submitting  contracts for approval.  Each contract or other obligation  that is entered into by the board which requires approval by  the Panel shall contain a provision stating that it shall  not become legally binding on the board unless and until it  has received such approval.  No contract or other obligation  that requires the approval of the Panel shall be legally  binding on the board unless and until it has received such  approval.(c) The board shall submit to the Panel a copy of any  contract or other obligation for which the approval of the  Panel is required, along with a cost analysis and such other  information as the Panel may require.  The Panel may  prescribe any reasonable time, standards, procedures or  forms for submission  of the contract or other obligation.(d) The Panel shall approve the contract or obligation  if, in its judgment, the information required to be  submitted is complete and the contract or other obligation  is consistent with the budget and financial plan in effect.  Otherwise, the Panel shall reject the contract or other  obligation.  Contracts or other obligations not rejected  within 30 days after submission to the Panel shall be  considered approved. However, the Panel shall  have an additional 30 days to approve or reject the contract  or other obligation if it so advises the board within the  initial 30 day period.    (Source: P.A. 86-954.)
105 ILCS 5/1B-15
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-15)Sec. 1B-15.     Expenditures.     The board shall meet its  debt service obligations as they become due.  No other  expenditure shall be made by the board unless it is  consistent with the financial plan and budget in effect.    (Source: P.A. 86-954.)
105 ILCS 5/1B-16
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-16)Sec. 1B-16.     Cash accounts and bank accounts.     (a)  The  Panel shall require the board or any officer of the board,  including the board's treasurer or any person acting as the  board's official or ex officio treasurer, to establish and  maintain separate cash accounts and separate bank accounts  in accordance with such standards and procedures as the  Panel may prescribe.(b) The Panel shall have the power to assume exclusive  administration of the cash accounts and bank accounts of the  board, to establish and maintain whatever new cash accounts  and bank accounts it may deem appropriate, and to withdraw  funds from such accounts for the lawful expenditures of the  board.    (Source: P.A. 86-954.)
105 ILCS 5/1B-17
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-17)Sec. 1B-17.     Hearings.     To the extent feasible, the  Financial Oversight Panel shall provide for and encourage  participation by the public in the development and review of  financial policy.  The Panel shall hold public hearings as  it may deem appropriate to the performance of any of its  functions.  The Panel may designate one or more of its  members or the Financial Administrator to preside over any  hearing.    (Source: P.A. 86-954.)
105 ILCS 5/1B-19
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-19)Sec. 1B-19.     Abolition of Panel.     The Financial  Oversight Panel shall be abolished 10 years after approval  of the petition providing for its creation, or at such  earlier date determined by the State Board.  Upon the abolition of the Panel, all of its rights and  property shall pass to and be vested in the State.    (Source: P.A. 86-954.)
105 ILCS 5/1B-20
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

 (from Ch. 122, par. 1B-20)Sec. 1B-20.     Sanctions.     (a)  No member, officer,  employee, or agent of the board shall commit the board to  any contract or other obligation or incur any liability on  behalf of the board for any purpose if the amount of such  contract, obligation or liability is in excess of the amount  authorized for that purpose then available under the  financial plan and budget then in effect.(b) No member, officer, employee or agent of the board  shall commit the board to any contract or other obligation  on behalf of the board for the payment of money for any  purpose required to be approved by the Financial Oversight  Panel unless such contract or other obligation has been  approved by the Panel.(c) No member, officer, employee or agent of the board  shall take any action in violation of any valid order of the  Panel or shall fail or refuse to take any action required by  any such order or shall prepare, present, or certify any  information (including any projections or estimates) or  report for the Panel or any of its agents that is false or  misleading, or, upon learning that any such information is  false or misleading, shall fail promptly to advise the Panel  or its agents.(d) In addition to any penalty or liability under any  other law, any member, officer, employee or agent of the  board who violates subsection (a), (b), or (c) of this  Section shall be subject to appropriate administrative  discipline, including, if warranted, suspension from duty  without pay, removal from office, or termination of  employment.    (Source: P.A. 86-954.)
105 ILCS 5/1B-21
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

Sec. 1B-21. (Repealed).        (Source: P.A. 94-1019, eff. 7-10-06. Repealed by P.A. 94-1105, eff. 6-1-07.)
105 ILCS 5/1B-25
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1B - School District Financial Oversight Panel And Emergency Financial Assistance

(105 ILCS 5/1B-25)Sec. 1B-25. Establishment prohibited.   No school district may have a Financial Oversight Panel established pursuant to this Article after Article 1H of this Code is established.  (Source: P.A. 97-429, eff. 8-16-11.)
105 ILCS 5/Art. 1C heading
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 1C - Block Grants

 ARTICLE 1C.      BLOCK GRANTS