reglab/housing_qa huggingface dataset:
105 ILCS 5/34-25
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-25)Sec. 34-25.         Use  of special funds to purchase tax anticipation warrants - Payment.  Any board holding in its treasury any fund set aside for use for some  particular purpose that is not immediately necessary for such purpose may  by resolution adopted by a vote of a majority of the full membership of the  board use the money in such fund, or in the aggregate of such funds if  there may be more than one, in the purchase of tax anticipation warrants of  the board ordered issued by the city council of such city at the request of  said board of education. Such warrants shall bear interest not to exceed  the maximum rate authorized by the Bond Authorization Act, as amended at the  time of the making of the contract. All interest on such warrants and  all moneys paid in redemption  or received from the resale thereof shall at once be credited to and placed  in such fund so held by the board. No board, however, so using any of its  own funds for the purchase of tax anticipation warrants shall apply to the  payment thereof while so held by it any taxes against and in anticipation  of which such warrants have been issued, unless and until all warrants and  the interest thereon, issued by the board against and in anticipation of  the same taxes and sold to other purchasers at public or private sale, and  all bonds, together with interest thereon, issued pursuant to the  provisions of this Act, have been first paid or moneys sufficient for the  payment thereof have been deposited with the treasurer of the board as a  special fund to be held and used solely for the purpose of paying such  warrants and bonds with interest thereon when presented. This section does  not prevent the resale or reissue of any warrants as provided in Section  34-26.With respect to instruments for the payment of money issued under this  Section either before, on, or after the effective date of this amendatory  Act of 1989, it is and always has been the intention of the General  Assembly (i) that the Omnibus Bond Acts are and always have been supplementary  grants of  power to issue instruments in accordance with the Omnibus Bond Acts,  regardless of any provision of this Act that may appear to be or to have  been more restrictive than those Acts, (ii)  that the provisions of this Section are not a limitation on the  supplementary authority granted by the Omnibus Bond  Acts,  and (iii) that instruments issued under this  Section within the supplementary authority granted by the Omnibus Bond Acts  are not invalid  because of any provision of this Act that may appear to be or to have been  more restrictive than those Acts.    (Source: P.A. 86-4.)
105 ILCS 5/34-26
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-26)Sec. 34-26.     Resale of tax anticipation warrants-Sale of new warrants.         If it is deemed necessary or expedient to convert into money any tax  anticipation warrants issued and purchased by public funds pursuant to  Section 34-25 before the receipt of taxes in anticipation of which the  warrants were issued, the board by resolution adopted by a vote of a  majority of its entire membership may authorize a resale of such warrants  and adjust the interest rate thereon, or as permitted by statute may  authorize the issuance and sale of a like principal amount of new warrants  for the same purpose and in anticipation of the same taxes as the original  warrants were issued and bearing any date subsequent to the date of the  original tax anticipation warrants, the new tax anticipation warrants to be  of the denomination and bear such interest not to exceed the statutory  rate, all as may be authorized by such resolution. Upon the delivery of the  new tax anticipation warrants, a like principal amount of such original  warrants that were issued against the same tax that is anticipated by the  new warrants shall be paid and cancelled and the proceeds of the sale of  the new tax anticipation warrants shall be used first to restore to the  funds so invested in the original tax anticipation warrants money  equivalent to the par value and accrued interest of the original tax  anticipation warrants and the balance, if any, shall revert to the fund for  the creation of which the tax so anticipated was levied. Warrants so resold  or reissued shall have the same incidence of priority with respect to  payment and shall be paid in the same manner as other warrants issued in  anticipation of the same tax and sold in the first instance to any  purchaser other than the issuing board of education.    (Source: Laws 1961, p. 31.)
105 ILCS 5/34-27
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-27)Sec. 34-27.         Use  of special funds to purchase outstanding bonds.If the board has in its treasury any fund set aside for some particular  purpose that is not immediately necessary for such purpose, it may by  resolution adopted by a majority of its full membership use the money in  such fund in the purchase of bonds issued by the board representing an  obligation and pledging the credit of the board, and all interest upon such  bonds and all moneys paid in redemption of the bonds or realized from the  sale thereof shall at once be credited to and placed in such fund.    (Source: Laws 1961, p. 31.)
105 ILCS 5/34-28
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-28)Sec. 34-28.     Investment of school funds.     Investments of school funds shall be  made by the board of education only in Federal Government, State or municipal  securities the payment of which is protected by the power to levy taxes  therefor or in certificates of deposit constituting direct obligations of any  savings and loan association, or any bank as defined by the Illinois Banking  Act, as heretofore and hereafter amended, provided, however, that such  investments in certificates of deposit may be made only in those banks which  are insured by the Federal Deposit Insurance Corporation or in withdrawable  capital accounts or deposits of State or Federal chartered savings and loan  associations which are insured by the Federal Savings and Loan Insurance  Corporation.No bank or savings and loan association shall receive public funds as  permitted by this Section, unless it has complied with the requirements  established pursuant to Section 6 of "An Act relating to certain investments  of public funds by public agencies", approved July 23, 1943, as now or  hereafter amended.    (Source: P.A. 86-1028.)
105 ILCS 5/34-29
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-29)Sec. 34-29.     Audit of accounts.     The board shall for each fiscal year and may as often as necessary,  appoint certified public accountants to examine the business methods and  audit the accounts of the board as of December 31, 1972, as of December 31,  1973, as of August 31, 1974, as of August 31 of each year  thereafter through August 31, 1996, as of June 30, 1997, and as of June 30 of  each year thereafter,  and a report thereof, together with any recommendations of such accountants  as to changes in business methods of the board or any of its departments,  officers or employees shall be made to the mayor, the city council, and the  board and be filed in the records of the board. The  board shall prepare  and publish an annual report including in detail all receipts and  expenditures, specifying the source of the receipts and the objects of the  expenditures, and shall transmit it to the mayor and the city council. The  board shall account for the expenses of each fiscal year but shall not be  required to make any apportionment of such expenses between the two  separate levies made during each calendar year.    (Source: P.A. 89-15, eff. 5-30-95.)
105 ILCS 5/34-29.3
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-29.3)Sec. 34-29.3.     Transfer of excess funds.     When bonds are issued under  Sections 34-22 through 34-22.7, and the purposes for which the bonds have  been issued are accomplished and paid for in full and there remain funds  on hand from the bonds so issued, the board by resolution may transfer such  excess funds to the working cash fund.    (Source: P.A. 84-1334.)
105 ILCS 5/prec. Sec. 34-30 heading
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 WORKING CASH FUND
105 ILCS 5/34-30
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-30)Sec. 34-30.     Establishment of fund authorized-Purpose.The board may, by resolution, establish a fund to be known as a "working  cash fund" which shall be maintained and administered for the purpose of  enabling the board to have in its treasury at all times sufficient money to  meet demands thereon for ordinary and necessary expenditures for  educational purposes.    (Source: Laws 1961, p. 31.)
105 ILCS 5/34-32
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-32)Sec. 34-32.     Resolution for bond issue-Signature-Sale.Before issuing any bonds under Section 34-31, as amended, the board  shall adopt a resolution designating the purpose and fixing the amount of  the bonds proposed to be issued, the maturity thereof, the rate of interest  thereon and the amount of taxes to be levied annually for the purpose of  paying the principal and interest.The bonds shall be issued in the corporate name of the school district.  They shall be signed by the president and secretary of the board, and  countersigned by the mayor and the comptroller (or city clerk if there be  no comptroller) of the city. They shall be sold by the city comptroller (or  city clerk if there be no comptroller) at not less than par upon such terms  as may be approved by the board after advertisement for bids as ordered by  and under the direction of the board and the proceeds thereof shall be  received by the city treasurer, as school treasurer, for the uses herein  provided.    (Source: Laws 1961, p. 3226.)
105 ILCS 5/34-33
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-33)Sec. 34-33.     Tax  for payment of bonds.     Before or at the time of issuing bonds under Sections 34-31 and 34-32,  as amended, the city council, upon the demand and under the direction of  the board, shall, by ordinance, provide for the collection of a direct  annual tax upon all the taxable property of the school district sufficient  to pay and discharge the principal thereof at maturity and to pay the  interest thereon as it falls due. Upon the filing in the office of the  county clerk of the county wherein the school district is located of a  certified copy of any such ordinance the county clerk shall extend the tax  therein provided for. The ordinance shall be in force upon its passage.    (Source: Laws 1961, p. 3226.)
105 ILCS 5/34-36
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-36)Sec. 34-36.     Violations of provisions-Liability.     Any member of the board or any officer thereof or of the city, or any  other person holding any other trust or employment under the board or  city, who is guilty of the wilful violation of any of the provisions of  Sections 34-30 through 34-35, shall be guilty of a business offense  and may be fined not exceeding $10,000 and shall forfeit his right to  his office, trust or employment and shall be removed therefrom. Any such  member, officer or person shall be liable for any sum that may be  unlawfully diverted from the working cash fund or otherwise used, to be  recovered by the board or by any taxpayer in the name and for the  benefit of the board in an appropriate civil action. A taxpayer so  suing shall file a bond for and shall be liable for all costs taxed  against the board in such suit. Nothing herein shall bar any other  remedies.    (Source: P.A. 79-1366.)
105 ILCS 5/34-37
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-37)Sec. 34-37.     Abolishment of working cash funds.     The board may abolish  its working cash fund, upon the adoption of a resolution so providing, and  directing the transfer of any balance in such fund to the educational purposes  fund, effective upon the adoption of such resolution.  Thereafter, all outstanding  taxes of such board levied pursuant to Section 34-57 of this Article shall  be collected and paid into the educational fund.  Any obligation incurred  by such board pursuant to Section 34-31 of this Article shall be discharged  as therein provided.  Nothing contained herein shall affect the validity  of any existing obligations of the board.    (Source: P.A. 81-1221.)
105 ILCS 5/34-38
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-38)Sec. 34-38.     Re-creation of working cash fund.     Nothing in this Article prevents  a board which has abolished its working cash fund from again creating a  working cash fund in the manner provided in Section 34-30 of this Article;  provided, however that should the working cash fund be so recreated, the  board shall not thereby be authorized to issue working cash fund bonds in  an amount greater than the amount authorized at the time of abolition of  such fund, and no tax shall be levied for the recreated working cash fund  pursuant to Section 34-57 of this Article.    (Source: P.A. 81-1221.)
105 ILCS 5/prec. Sec. 34-42 heading
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 BUDGET AND APPROPRIATIONS
105 ILCS 5/34-42
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-42)Sec. 34-42.     Fiscal year.     The period commencing January 1, 1974 and ending  August 31, 1974 shall be a fiscal year.  Beginning September 1, 1974, each  fiscal year of the board through fiscal year 1996 shall commence on September 1  of each year and end on August 31 of the following year.  The period commencing  September 1, 1996 and ending June 30, 1997 shall be a fiscal year.  Beginning  July 1, 1997 and thereafter, the fiscal year of the board shall commence on  July 1 of each year and end on June 30 of the following year.    (Source: P.A. 89-15, eff. 5-30-95.)
105 ILCS 5/34-42.1
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

Sec. 34-42.1. (Repealed).        (Source: P.A. 77-2734. Repealed by P.A. 94-1105, eff. 6-1-07.)
105 ILCS 5/34-42.2
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

Sec. 34-42.2. (Repealed).        (Source: P.A. 78-497. Repealed by P.A. 94-1105, eff. 6-1-07.)
105 ILCS 5/34-43
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-43)Sec. 34-43.     Adoption of budget and resolution.     The board shall, within the first 60 days of each fiscal year, adopt a  budget and pass a resolution to be termed the "annual school budget",  hereinafter called the "budget", in and by which the board, subject to the  limitations hereinafter contained, shall appropriate such sums of money as  may be required to defray all of its estimated expenses and liabilities to  be paid or incurred during the fiscal year.The budget shall be balanced in each year within standards established by  the board, consistent with the provisions of this Article.The budget may provide for the accumulation of funds for educational purposes  as the board may direct for capital improvements or in order to achieve a  balanced budget in a future year within the 4-year period of the board's  financial plan to begin in that budget year.  The budget may also provide for a  reserve in the educational fund to ensure uninterrupted services in the event  of unfavorable budget variances.The changes made to this Section by this amendatory Act of 1996 apply to  budgets and amended  and supplemental  budgets for fiscal years beginning in 1995 and subsequent  years.    (Source: P.A. 89-636, eff. 8-9-96.)
105 ILCS 5/34-43a
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

Sec. 34-43a.     Post annual budget on web site.     The school district  shall post its current annual school budget, itemized by  receipts and  expenditures, on the  district's Internet web site.  The school district shall notify the parents or  guardians of its students that the budget has been posted on the  district's web site and what the web site's address is.    (Source: P.A. 92-438, eff. 1-1-02.)
105 ILCS 5/34-44
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-44)Sec. 34-44.     Budget estimates.     The budget shall set forth estimates, by  classes, of all current assets and liabilities of each fund of the board  as of the beginning of the fiscal  year, and the amounts of such assets estimated to be available for  appropriation in such year, either for expenditures or charges to be made  or incurred during such year or for liabilities unpaid at the beginning  thereof.  Estimates of taxes to be received from prior levies shall be net,  after deducting amounts estimated to be sufficient to cover the loss and  cost of collecting such taxes and also deferred collections thereof and  abatements in the amount of such taxes extended or to be extended upon the  collectors' books.Estimates of the liabilities of the respective funds shall include:1.  All final judgments, including accrued interest thereon, entered  against the board and unpaid at the beginning of such fiscal year;2. The principal of all general obligation notes or anticipation tax  warrants and all temporary loans and all accrued interest thereon unpaid at  the beginning of such fiscal year;3. Any amount for which the board is required to reimburse the working  cash fund from the educational purposes fund pursuant to the provisions of  Section 34-30 through 34-36 and4. The amount of all accounts payable including estimates of audited  vouchers, participation certificates, inter fund loans and purchase orders  payable.The budget shall also set forth detailed estimates of all accrued tax  revenues recognized for such year and of all current revenues to be  derived from sources  other than taxes, including State contributions, rents, fees, perquisites  and all other types of revenue, which will be applicable to expenditures  or charges to be made or incurred during such year.All such estimates shall be so segregated and classified as to funds,  and in such other manner as to give effect to the requirements of law  relating to the respective purposes to which the assets and taxes and other  current revenues are applicable, so that no expenditure shall be authorized  or made for any purpose in excess of the money lawfully available therefor.The several estimates of assets, liabilities and expenditure  requirements required or authorized to be made by this and the next  succeeding section shall be made on the basis of information known to the  board at the close of the preceding fiscal year and shall not be  invalidated or otherwise subject to attack merely because after that time  additional information is known to or could be discovered by the board that  would require a different estimate, or because the board might have amended  such estimates under any of the provisions of Section 34-47.    (Source: P.A. 84-1238.)
105 ILCS 5/34-44.1
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 34 - Cities Of Over 500,000 Inhabitants - Board Of Education

 (from Ch. 122, par. 34-44.1)Sec. 34-44.1.     Supplemental budget estimate.     When the value of the  taxable property in the school district is increased either by the  establishment of a new multiplier by the Department of Revenue or the  availability of a later assessment by virtue of additions  to the tax rolls or increases in assessments made by the county assessor  after the annual school budget has been adopted, the board of education  may adopt, by a 2/3 vote of the full membership of the board, a  supplemental budget to provide for the use of the added potential  revenues in an amount that shall not exceed a sum equivalent to the  product of the amount of the increase in the value of taxable property  in the district multiplied by the maximum per cent or rate of tax which  the board and the corporate authorities of the city are authorized by  law to levy for the current fiscal year for educational, building, free  textbook, agricultural science school, supervised playground outside school  hours purposes (or supervised playground outside school hours and stadia,  social center and summer swimming pool open to the public purposes, as the case  may be) or special education purposes. With respect to any supplemental budget  based upon an increase in the value of the taxable property in the school  district, such supplemental budget shall be adopted within 60 days of the date  of the final certification of the equalization rate by the Department of  Revenue to the county clerk as provided in the Property Tax Code, regardless of  whether the adoption occurs within or  after the close of the fiscal year to which the increase applies, but shall not  become effective unless approved in accordance with Article 34A of "The School  Code".    (Source: P.A. 88-670, eff. 12-2-94.)