2023 Illinois Compiled Statutes › Chapter 110 - HIGHER EDUCATION › 110 ILCS 805/ - Public Community College Act. › Article VII

(110 ILCS 805/Art. VII heading)
ARTICLE VII
(110 ILCS 805/7-1) (from Ch. 122, par. 107-1)
Sec. 7-1. 
		
		
		This Article applies only to community college districts in cities
having a population of 500,000 or more inhabitants. Each such community
college district shall maintain a system of community colleges under the
charge of a board, which is appointed as provided in Section 7-2. Except as
otherwise provided in this Article, such a community college district and
its board have all the rights, duties, powers and responsibilities and are
subject to the same limitations as are provided for other community college
districts in this Act, as now or hereafter amended.
(Source: P.A. 78-669.)
(110 ILCS 805/7-1.1) (from Ch. 122, par. 107-1.1)
Sec. 7-1.1. 
		Additional powers.
(a) In addition to other powers and authority
now possessed by it, the board shall have power (1) to lease from any public
building commission created pursuant to the provisions of the "Public Building
Commission Act", approved July 5, 1955, as now or hereafter amended, any
real or personal property for the purpose of securing office or other space
for its administrative functions or for community college purposes for a
period of time not exceeding 40 years; and (2) to pay for the use of this
leased property in accordance with the terms of the lease and with the
provisions
of the "Public Building Commission Act", approved July 5, 1955, as now or
hereafter amended.
Such lease may be entered into without making a previous appropriation
for the expense thereby incurred; provided, however, that if the board
undertakes
to pay all or any part of the costs of operating and maintaining the property
of a public building commission as authorized in this Section, such expenses
of operation and maintenance shall be included in the annual budget of such
board annually during the term of such undertaking.
In addition, the board  may undertake, either in the lease with a public
building commission or by separate agreement or contract with a public building
commission, to pay all or any part of the costs of maintaining and operating
the property of a public building commission for any period of time not
exceeding 40 years.
(b) In addition, the board shall have power to borrow money (including,
without limitation, in the form of a line of credit which may vary from time to
time as to outstanding principal amount) from any source, public or private,
for the purpose of refunding or continuing to refund bonds, notes or other
indebtedness when they become due and payable, and to enter into agreements in
connection with such borrowing, including agreements providing for the issuance
of indebtedness to evidence the obligation to repay such borrowing and
agreements providing for the pledge of and the granting of a lien on tuition
and fees established and collected by the board pursuant to Section 6-4;
provided that the proceeds of any such indebtedness shall be used only to
refund or continue to refund bonds, notes or other indebtedness initially
issued between February 1, 1994 and March 1, 1994 in an amount not exceeding
$34,000,000, and that any such indebtedness be repaid within 20 years.
(Source: P.A. 89-281, eff. 8-10-95.)
(110 ILCS 805/7-1.2)
Sec. 7-1.2. 
		Power to deduct wages for municipal debts. 
		Upon receipt of
notice from the comptroller of a municipality with a population of 500,000 or
more
that a debt is due and owing the municipality by an employee of the board, the
board may withhold, from the compensation of that employee, the amount of the
debt that is due and owing and pay the amount withheld to the municipality;
provided, however, that the amount deducted from any one salary or wage payment
shall not exceed 25% of the net amount of the payment.  Before the board
deducts any amount from any salary or wage of an employee under this Section,
the
municipality shall certify that the employee has been afforded an opportunity
for a
hearing to dispute the debt that is due and owing the municipality.  For
purposes of
this Section, "net amount" means that part of the salary or wage payment
remaining
after the deduction of any amounts required by law to be deducted and
"debt due
and owing" means (i) a specified sum of money owed to the municipality for
city
services, work, or goods, after the period granted for payment has expired, or
(ii) a
specified sum of money owed to the municipality pursuant to a court order or
order
of an administrative hearing officer after the exhaustion of, or the failure to
exhaust,
judicial review.
(Source: P.A. 90-22, eff. 6-20-97.)
(110 ILCS 805/7-2) (from Ch. 122, par. 107-2)
Sec. 7-2. 
		
		
		The board shall consist of 7 members, appointed by the mayor with the
approval of the city council. Prior to the expiration of the term of any
member his successor shall be appointed in like manner and shall hold
office for a term of 3 years from July 1 of the year in which he is
appointed and until his successor is appointed and qualified. Any vacancy
in the membership of the board shall be filled through appointment by the
mayor, with the approval of the city council, for the unexpired term. If
any appointee fails to qualify within 30 days after his appointment, the
office shall be filled by a new appointment for the unexpired term. To be
eligible for appointment to a board under this Section, a person must
possess the same qualifications and meet the same requirements as are
prescribed by this Act for members of an elected board of a community
college district.
(Source: P.A. 78-669.)
(110 ILCS 805/7-3) (from Ch. 122, par. 107-3)
Sec. 7-3. 
		
		The organization of the board and election of officers for
a board appointed under Section 7-2 shall be conducted in accordance with
the general election law and this Act.
(Source: P.A. 81-1489.)
(110 ILCS 805/7-4) (from Ch. 122, par. 107-4)
Sec. 7-4. 
		
		No power vested in the board or in any of its officers, agents or
employees may be exercised by the city council.
(Source: Laws 1967, p. 9.)
(110 ILCS 805/7-5) (from Ch. 122, par. 107-5)
Sec. 7-5. 

The fiscal year shall commence on the first day of
July and end on the last day of June of each succeeding year.
(Source: P.A. 100-884, eff. 1-1-19.)
(110 ILCS 805/7-6)
Sec. 7-6. (Repealed).
(Source: P.A. 85-1335. Repealed by P.A. 95-1046, eff. 3-27-09.)
(110 ILCS 805/7-7)
Sec. 7-7. (Repealed).
(Source: P.A. 77-676. Repealed by P.A. 95-1046, eff. 3-27-09.)
(110 ILCS 805/7-8) (from Ch. 122, par. 107-8)
Sec. 7-8. 
		
		Before or within the first quarter of each fiscal year, the board shall
adopt a budget and pass a resolution to be termed the "annual budget",
hereinafter called the "budget", in and by which the board, subject to the
limitations in Sections 7-9 through 7-13, 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 that fiscal year.
(Source: P.A. 82-1001.)
(110 ILCS 805/7-9) (from Ch. 122, par. 107-9)
Sec. 7-9. 
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 those assets estimated to be available for
appropriation in that year, either for expenditures or charges to be made
or incurred during that year or for liabilities unpaid at the beginning
thereof.  Estimates of taxes to be received from the levies of prior years
shall be net, after deducting amounts estimated to be sufficient to cover
the loss and cost of collecting those taxes and also deferred collections
thereof and abatements in the amount of those 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 that fiscal year;
2. the principal of all tax anticipation warrants and     all temporary loans and all accrued interest thereon unpaid at the beginning of that fiscal year;
3. any amount for which the board is required under     this Act to reimburse the working cash fund from the educational fund and operations and maintenance fund; and
4. the amount of all accounts payable including     estimates of audited vouchers, participation certificates, interfund loans and purchase orders payable.
The budget shall also set forth detailed estimates of all taxes to be
levied for that year and of all current revenues to be derived from sources
other than taxes, including State and Federal contributions, rents, fees,
perquisites, and all other types of revenue, which will be applicable to
expenditures or charges to be made or incurred during that year.
No estimate of taxes to be levied during the fiscal year for
educational purposes
and operations and maintenance of facilities purposes may exceed a sum
equivalent to the product of the value of the taxable property in the
district, as ascertained by the last assessment for State and county taxes
previous to the passage of the budget, multiplied by the maximum per cent
or rate of tax which the corporate authorities of the city are authorized
by law to levy for the current fiscal year for those purposes.
All these 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 will 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 Section and by
Section 7-10 shall be made on the basis of information known to the board
at the time of the passage of the annual budget and are not 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 these
estimates under Section 7-12.
(Source: P.A. 100-884, eff. 1-1-19.)
(110 ILCS 805/7-10) (from Ch. 122, par. 107-10)
Sec. 7-10. 
		
		The budget shall specify the organizational unit, fund, activity
and object to which an appropriation is applicable, as well as the amount
of such appropriation.
The budget shall include appropriations for:
1.  All estimated current expenditures or charges to be made or incurred
during that fiscal year, including interest to accrue on tax anticipation
warrants and temporary loans;
2.  All final judgments, including accrued interest thereon, entered
against the board and unpaid at the beginning of that fiscal year;
3.  Any amount for which the board is required under this Act to
reimburse the working cash fund from the educational fund and
operations and
maintenance fund;
4. All other estimated liabilities, including the principal of all tax
anticipation warrants and all temporary loans and all accrued interest
thereon, incurred during prior years and unpaid at the beginning of that
fiscal year; and
5. An amount or amounts estimated to be sufficient to cover the loss and
cost of collecting taxes levied for that fiscal year and also deferred
collections thereof and abatements in the amounts of those taxes as
extended upon the collectors' books.
(Source: P.A. 85-1335.)
(110 ILCS 805/7-11) (from Ch. 122, par. 107-11)
Sec. 7-11. 
		
		The budget shall be prepared in tentative form by the board and
in that form shall be made available to public inspection for at least 10
days prior to final action thereon, by having at least 5 copies thereof on
file in the office of the secretary of the board. Not less than one week
after those copies are placed on file and prior to final action thereon,
the board shall hold at least one public hearing thereon, of which notice
shall be given by publication in a newspaper published and having general
circulation in the district at least one week prior to the time of the
hearing. The board shall arrange for and hold the public hearing or
hearings.
(Source: Laws 1967, p. 9.)
(110 ILCS 805/7-12) (from Ch. 122, par. 107-12)
Sec. 7-12. 
		
		Subsequent to the public hearing provided for in Section 7-11
and before final action on the budget, the board may revise, alter,
increase, or decrease the items contained therein, but the aggregate amount
finally appropriated by the budget, including any subsequent amendment
thereof, from any fund or for any purpose, including amounts appropriated
for judgments and all other unpaid liabilities and all other purposes for
which such authorities are herein or otherwise by law required to
appropriate, may not exceed the aggregate amount available in that fund or
for that purpose, as shown by the estimates of the available assets thereof
at the beginning of that fiscal year and of taxes and other current
revenues set forth in the budget. If the appropriations from any fund as
set forth in the budget as finally adopted exceed in the aggregate the
maximum amount which the board is authorized to appropriate therefrom, all
appropriations made from that fund by the budget are void and the several
amounts appropriated in the budget of the last preceding fiscal year, so
far as they relate to operation and maintenance expenses, shall be
considered to be appropriated for the current fiscal year for objects and
purposes, respectively, as specified in the budget for the preceding fiscal
year and the several amounts so appropriated shall constitute lawful
appropriations for the current fiscal year. The board shall cause the
budget to be entered in its proceedings within 10 days after its passage.
(Source: Laws 1967, p. 9.)
(110 ILCS 805/7-13) (from Ch. 122, par. 107-13)
Sec. 7-13. 
		
		After the adoption of the budget, the board may not make any
other appropriations before the adoption or passage of the next succeeding
budget.  The board may not, either directly or indirectly, make any
contract or do any act which will add to its expenditures or
liabilities, in any fiscal year, any thing or sum above the amount
provided for in the annual budget for that fiscal year, but the board, by
a concurring vote of 2/3 of all the members thereof (this vote to be
taken by yeas and nays and entered in the proceedings of the board), may
make any expenditures and incur any liability rendered necessary to meet
emergencies such as epidemics, fires, unforeseen damages or other
catastrophes happening after the annual budget has been
passed or adopted.  However, the board may at any time after the adoption of
the annual budget, by a vote of 2/3 of all the members of the board, pass an
additional or supplemental budget, thereby adding appropriations to
those made in the annual budget and such supplemental or additional
budget shall be regarded as an amendment of the annual budget for that
year, but any additional or supplemental appropriations so made may not
exceed the amount of moneys which the board estimates it will receive in
that year from State appropriations, from federal funds and from any
increase in the authorized tax rates over and above the amount of moneys
which the board, at the time of the adoption of its annual budget for
that year, estimated would be received from those sources.  This Section
does not prevent the board from providing for and causing to be paid
from its funds any charge imposed by law without the action of the
board.
(Source: P.A. 90-655, eff. 7-30-98.)
(110 ILCS 805/7-14) (from Ch. 122, par. 107-14)
Sec. 7-14. 
		
		No contract may be made or expense or liability incurred
by the board, by any member or committee of the board, or by any person
for or in its behalf, notwithstanding the expenditure may have been
ordered by the board, unless an appropriation therefor has been
previously made. Neither the board, nor any member or committee,
officer, head of any department or bureau, or employee thereof may
during a fiscal year expend or contract to be expended any money, incur
any liability, or enter into any contract which by its terms involves
the expenditure of money for any of the purposes for which provision is
made in the annual budget, in excess of the amounts appropriated in the
annual budget. Any contract, verbal or written, made in violation of
this Section is void as to the board, and no moneys belonging to the
board may be paid on that contract. This Section does not prevent the
making of lawful contracts for the construction of buildings, the
purchase of insurance, or the leasing of realty, space and equipment,
the terms of which conform with the requirements of this Act, or the
making of lawful employment contracts and purchase orders the terms of
which exceed one year.
The board may, however, lease from any public building commission created
pursuant to the provisions of the "Public Building Commission Act", approved
July 5, 1955, as now or hereafter amended, any real or personal property
for the purpose of securing office or other space for its administrative
functions or for community college purposes for any period of time not exceeding
40 years, and such lease may be made and the obligation or expense thereunder
incurred without making a previous appropriation therefor, except as otherwise
provided in Section 7-1.1 of this Act.
(Source: P.A. 79-1456.)
(110 ILCS 805/7-15) (from Ch. 122, par. 107-15)
Sec. 7-15. 
		
		The board may at any regular meeting on or after July 1 in any
year, by a vote of 2/3 of all its members, authorize the making of
transfers within any fund under its jurisdiction of sums of money
appropriated for one object or purpose to another object or purpose, which
action shall be entered in its proceedings; but no appropriation for any
purpose may be reduced below an amount sufficient to cover all obligations
incurred or to be incurred against the appropriation for that purpose.
If, at the termination of any fiscal year or the time when the budget
for the ensuing fiscal year should have been passed as provided in this
Article, the appropriations necessary for the expenditures of the board for
that ensuing fiscal year has not been made, the several amounts
appropriated in the last budget for operation and maintenance expenses
shall be considered to be appropriated for the current fiscal year for
those purposes. Until the board passes an appropriation for the current
fiscal year, the treasurer shall make the payments necessary for the
support of the public community college on the basis of the
appropriations of the
preceding fiscal year.
(Source: P.A. 82-622.)
(110 ILCS 805/7-15a) (from Ch. 122, par. 107-15a)
Sec. 7-15a. 
		
		Notwithstanding any other provision of this Act, the board
of a community college district which changes from a full
accrual basis of accounting for the recognition of local property tax
revenues to a basis of accounting consistent with generally accepted
accounting principles as interpreted by National Council on Governmental
Accounting Interpretation No. 3, may, by resolution of the board
adopted by vote of a majority of the members voting on the measure at a
meeting of the board at which a quorum is present,
permanently transfer a portion of its working cash fund to its educational
fund and to its operations and maintenance fund in an
amount equal to the difference between the cumulative amount of local
property tax revenues which it would have recognized in its educational
fund and in its operations and maintenance fund through the
then current fiscal year under the full accrual basis of
accounting and the cumulative amount of local property tax revenues which
it does recognize in those 2 funds through the then current fiscal year under
the basis of accounting consistent with National Council on Governmental
Accounting Interpretation No. 3. This transfer shall be a one-time
occurrence in a year in which the community college district makes a change
from the full accrual basis of accounting to a basis of accounting consistent
with National Council on Governmental Accounting Interpretation No. 3.
(Source: P.A. 85-1335.)
(110 ILCS 805/7-16) (from Ch. 122, par. 107-16)
Sec. 7-16. 
		
		The appropriation resolution or budget, including the amounts
for the payment of contract liabilities or to defray the expense of any
project or purpose, does not constitute an approval by the board of any
liability or of any project or purpose mentioned, but shall be regarded
only as the provisions for a fund or funds for the payment of legal
obligations of the board, which amounts have been properly vouchered,
audited and approved by or under authority of the board, or of any project
or purpose that has been approved and authorized by the board, as the case
may be.
(Source: Laws 1967, p. 9.)
(110 ILCS 805/7-17) (from Ch. 122, par. 107-17)
Sec. 7-17. Any member or officer of the board, any officer of the
city or any other person holding any trust or employment under the board
or city who wilfully violates any of the provisions of Sections 7-8 
through 7-16 shall be guilty of a business offense and may be fined not
exceeding $10,000 and forfeits his right to and shall be removed from
his office, trust or employment. Any such member, officer or person is
liable for the amount of any loss or damage suffered by the board
resulting from his violation of any of those Sections, to be recovered
by the board or by any taxpayer in the name and for the benefit of the
board, in a civil action. Any taxpayer bringing an action
under this Section must file a bond for all costs, and is liable for all
costs taxed against the board in that suit. This Section does not bar
any other remedy.
(Source: P.A. 95-1046, eff. 3-27-09.)
(110 ILCS 805/7-18) (from Ch. 122, par. 107-18)
Sec. 7-18. 
		
		Tax for operation and maintenance of facilities and purchase of
grounds. For the purpose of establishing and supporting community
colleges in each year and defraying the expenses incident to this purpose;
for the purpose of building, acquiring, repairing and improving community
college buildings, or procuring community college lands, furniture,
fuel, libraries and apparatus, for building and architectural supplies,
for the purchase, maintenance, repair and replacement of fixtures
generally used in community college buildings, including but not limited
to heating and ventilating systems, mechanical equipment, seats and
desks, blackboards, window shades and curtains, gymnasium and recreation
apparatus and equipment, auditorium and lunchroom equipment,
and, if provided by resolution of the board, for the rental of buildings
and property for community college purposes, for the payment of premiums
for insurance upon buildings and building fixtures, for the payment of
salaries of janitors, engineers, other custodial and security employees,
for the costs of lights, gas, water, telephone service, custodial supplies
and equipment and the cost of a professional survey of the conditions of
school buildings, and all expenses incident to each of these purposes, the
board may
levy annually, upon all taxable property of the district, a tax for
operation and maintenance of facilities purposes
and the purchase of grounds at a rate for each year not to exceed .05%
of the value, as equalized or assessed by the Department of Revenue
for the year in which the levy is made; and may levy
annually, upon all taxable property of the district, for educational
purposes a tax for each year at a rate not to exceed .175% of the value,
as equalized or assessed by the Department of Revenue
for the year in which the levy is made. The taxes levied for
operations and maintenance
purposes and for educational purposes, respectively, may not exceed the
estimated amounts of taxes to be levied for that year for those purposes
as determined under Sections 7-8 through 7-17 and set forth in the
annual budget of the board: But when bonds are issued by the board as
authorized by Section 7-26 or Section 7-27, the rate of tax authorized
in this Section to be levied for operations and
maintenance of facilities purposes and the purchase of
grounds shall be reduced each year by the rate of tax necessary to be
levied for that year to pay the principal of and interest on all such
bonds when issued. Except sums expended or obligations incurred for
purposes described in any resolution and ordinance authorizing bonds
issued under Sections 7-25, 7-26 and 7-27, any sum expended or
obligations incurred for the purpose of building or acquiring community
colleges, for procuring land, furniture, fuel, libraries and apparatus,
for the improvement, repair or benefit of community college buildings
and property, for building and architectural supplies, for the purchase,
maintenance, repair and replacement of fixtures generally used in
community college buildings, including but not limited to heating and
ventilating systems, mechanical equipment, seats and desks, blackboards,
window shades and curtains, gymnasium and recreational apparatus and
equipment, auditorium and lunchroom equipment, and all expenses incident
to each of these purposes shall be paid from that portion of the tax
levied for operations and maintenance of facilities purposes.
Educational purposes and operations and maintenance of facilities purposes,
respectively, include expenses of administration incidental to each of
those purposes.
(Source: P.A. 89-281, eff. 8-10-95.)
(110 ILCS 805/7-18.1) (from Ch. 122, par. 107-18.1)
Sec. 7-18.1. 
		Supplemental budget and taxes. 
		When a supplemental budget has been adopted by the board under Section
7-13, the board may levy supplemental taxes which may not exceed the amount of
the
moneys appropriated in the supplemental budget nor the maximum rates of
taxes which the board is
authorized by law to levy for the current fiscal year for the respective
purposes. This Section shall be effective only until January 1, 1974.
(Source: P.A. 89-281, eff. 8-10-95.)
(110 ILCS 805/7-19) (from Ch. 122, par. 107-19)
Sec. 7-19. 
		Limit on expenditures. 
		The board may not add to the
expenditures for community
college purposes any amount above the total estimated receipts from the
State or Federal government, from the rental of lands or property, from
funds otherwise received, and from taxes levied for educational purposes
and for operations and maintenance of facilities purposes. The
city is not liable for the board's expenditures which exceed those total
estimated receipts. The board is authorized to levy all taxes as provided for
in this Article.
(Source: P.A. 89-281, eff. 8-10-95.)
(110 ILCS 805/7-20) (from Ch. 122, par. 107-20)
Sec. 7-20. 
		
		In ascertaining the rate per cent that will produce the amount
of any tax levied under Section 7-18 the county clerk may not add any
amount to cover any loss or cost of collecting the tax.
(Source: Laws 1967, p. 9.)
(110 ILCS 805/7-21) (from Ch. 122, par. 107-21)
Sec. 7-21. 
		Tax anticipation warrants. 
		When there is not sufficient
money in the treasury to meet
the ordinary and necessary expenses for educational purposes and for
operations and maintenance of facilities purposes, the board may order issued
warrants against and in anticipation
of any taxes levied for the payment of the expenditures for educational
purposes and for operations and maintenance of facilities purposes, to the
extent of 85% of the total amount of the taxes levied for those purposes.
(Source: P.A. 89-281, eff. 8-10-95.)
(110 ILCS 805/7-22) (from Ch. 122, par. 107-22)
Sec. 7-22. 
		
		Warrants drawn and issued under Section 7-21 shall be numbered
consecutively in the order of their issuance and shall show upon their face
that they are payable solely from the taxes when collected, and not
otherwise, and that payment thereof will be made in the order of their
issuance, beginning with the warrant having the lowest number, and shall be
received by any collector of taxes in payment of taxes against which they
are issued. The warrants shall be signed by the chairman and secretary of
the board. The taxes against which the warrants are drawn shall be set
apart and held for their payment, as herein provided. The warrants shall
bear interest, payable out of the taxes against which they are drawn, at
the rate of not to exceed 6% per annum, from the date of their issuance
until paid, or until notice is given by publication in a newspaper or
otherwise that the money for their payment is available and that they will
be paid on presentation.
(Source: P.A. 76-1505.)
(110 ILCS 805/7-23) (from Ch. 122, par. 107-23)
Sec. 7-23. 
		
		The chairman of the board, with the approval of the board, may
designate one or more persons to have authority, when so directed by the
chairman to affix the signature of the chairman to any warrant,
certificate, contract or any other written instrument, which by law is
required to be signed by the chairman of the board. When the signature of
the chairman of the board is so affixed to a written instrument, it is as
binding upon the board as if signed personally by its chairman. Whenever
the chairman of the board desires to designate a person to affix the
signature of the chairman to any warrant, certificate, contract or any
other written instrument, he shall send a written notice to the board
containing the name of the person he has selected and a designation of the
instruments that person shall have authority to sign. Attached to the
notice shall be the written signature of the chairman of the board,
executed by the person so designated, with the signature of the person so
designated underneath. The notice shall be filed with the secretary,
presented at the next meeting of the board for its approval and entered in
the proceedings of that meeting.
(Source: P.A. 76-1505.)
(110 ILCS 805/7-23.1) (from Ch. 122, par. 107-23.1)
Sec. 7-23.1. Contracts. The board shall let all contracts (other than those excepted by Section
3-27.1 of this Act) for supplies, materials or work involving an
expenditure in excess of $25,000 or a lower amount as required by board policy by competitive bidding as
provided in
Section 3-27.1 of this Act.
(Source: P.A. 95-990, eff. 10-3-08.)
(110 ILCS 805/7-24) (from Ch. 122, par. 107-24)
Sec. 7-24. 
		
		The board shall yearly, and may as often as necessary, appoint
certified public accountants to examine the business methods and audit the
accounts of the board, and to submit a report of that examination and
audit, together with any of their recommendations as to changes in business
methods of the board or any of its departments, officers or employees. That
report 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,
publish and
transmit to the mayor and the city council an annual report including in
detail all receipts and expenditures, specifying the source of the receipts
and the objects of the expenditures.
(Source: P.A. 83-343.)
(110 ILCS 805/7-25) (from Ch. 122, par. 107-25)
Sec. 7-25. Issuance of bonds; terms and sale. The board may incur an
indebtedness and issue bonds for the purpose of
erecting, purchasing or otherwise acquiring buildings suitable for
community college use, transferring funds to the Capital Development Board for community college building purposes, erecting temporary
community college structures, erecting additions to, repairing,
rehabilitating and replacing existing community college buildings and
temporary community college structures, furnishing and equipping
community college buildings and temporary community college structures,
and purchasing or otherwise acquiring and improving sites for such
purposes.
The bonds may not be issued until the proposition of authorizing such
bonds has been certified to the proper election officials, who shall have
submitted it to the electors of the city at a regular scheduled
election in accordance with the general election law, and approved by a
majority of the electors voting upon that question.
The board shall adopt a resolution providing for certifying that
proposition for such an election. In addition to the
requirements of the general election law the notice
of the referendum must contain the amount of the bond issue,
maximum rate of interest and purpose for which issued. This notice shall
be published in accordance with the general election law.
The proposition shall be in substantially the following form:
--------------------------------------------------------------
Shall bonds in the amount of
$............ be issued by the
Board of Community College District        YES
No....., County of.... and State of
Illinois for the purpose of (Here
print the purpose of the public       ------------------------
measure) bearing interest at the
rate of not to exceed the maximum
rate authorized  by the Bond               NO
Authorization Act, as amended at the
time of the making of the contract?
--------------------------------------------------------------
Whenever the board desires to issue bonds as herein authorized, it
shall adopt a resolution designating the purpose for which the proceeds
of the bonds are to be expended and fixing the amount of the bonds
proposed to be issued, the maturity thereof, and optional provisions, if
any, the rate of interest thereon, and the amount of taxes to be levied
annually for the purpose of paying the interest upon and the principal
of such bonds.
The bonds shall bear interest at the rate of not more than
the maximum rate authorized by the Bond Authorization Act, as amended at the
time of the making of the contract, and shall mature within not to exceed
20 years from their date,
and may be made callable on any interest payment date at par and accrued
interest, after notice has been given, at the time and in the manner
provided in the bond resolution.
The bonds shall be issued in the corporate name of the community
college district, and they shall be signed by the chairman and secretary
of the community college board. The bonds shall also be registered,
numbered and countersigned by the treasurer who receives the taxes of
the district. The registration shall be in a book in which shall be
entered the record of the election authorizing the board to borrow money
and a description of the bonds issued, including the number, date, to
whom issued, amount, rate of interest and when due.
The bonds shall be sold by the board upon such terms as are approved
by the board after advertisement for bids, and the proceeds thereof
shall be received by the community college treasurer, and expended by
the board for the purposes provided in the bond resolution.
The community college treasurer shall, before receiving any of such
money, execute a surety bond conditioned upon the faithful discharge of
his duties with a surety company authorized to do business in this
State, which surety bond shall be approved by the community college
board and filed as otherwise required under this Act for the treasurer's
bond. The penalty of the surety bond shall be in the amount of such bond
issue. The surety bond shall be in substantially the same form as the
bond otherwise required under this Act for the treasurer and when so
given shall fully describe the bond issue which it specifically covers
and shall remain in force until the funds of the bond issue are fully
disbursed in accordance with the law.
Before or at the time of issuing any bonds herein authorized, the board
shall by resolution provide for the levy and collection
of a direct
annual tax upon all the taxable property of such community college
district sufficient to pay and discharge the principal thereof at
maturity and to pay the interest thereon as it falls due. Such tax shall
be levied and collected in like manner with the other taxes of the
community college district and shall be in addition to and exclusive of
the maximum of all other taxes which the board is authorized by law to levy for community college purposes.
Upon the filing in the office of the county clerk of the county wherein
such community college district is located of a certified copy of any
such ordinance, the county clerk shall extend the tax therein provided
for, including an amount to cover loss and cost of collecting such taxes
and also deferred collections thereof and abatements in the amounts of
such taxes as extended upon the collector's books. The ordinance shall
be in force upon its passage.
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. 100-884, eff. 1-1-19.)
(110 ILCS 805/7-26) (from Ch. 122, par. 107-26)
Sec. 7-26. Issuance of bonds not exceeding $15,000,000 aggregate. The
board
may incur an indebtedness and issue bonds therefor in an amount or amounts
not to exceed in the aggregate $15,000,000 for the purpose of erecting,
purchasing, or otherwise acquiring buildings suitable for community college
use, transferring funds to the Capital Development Board for community
college building purposes, erecting temporary community college structures,
erecting additions to, repairing, rehabilitating, and replacing existing
community college buildings and temporary community college structures,
furnishing and equipping community college buildings and temporary
community college structures, and purchasing or otherwise acquiring and
improving sites for such purposes. The bonds may be issued without
submitting the question of issuance thereof to the voters of the community
college district for approval.
Whenever the board desires to issue bonds as herein authorized, it shall
adopt a resolution designating the purpose for which the proceeds of the
bonds are to be expended and fixing the amount of the bonds proposed to be
issued, the schedule of the maturities thereof; and optional provisions, if
any, and the maximum rate of interest thereon and directing the sale upon
such terms as are determined by the board.
The secretary of the board shall cause such sale to be advertised by
publication of a notice of sale once, as a legal notice in a newspaper
having general circulation in the district, and once in a financial journal
published in the City of New York, New York, or Chicago, Illinois. Such
notice of sale shall be published not less than 7 nor more than 21 days
prior to the date set for the sale of the bonds being advertised. The
notice of sale shall state that sealed bids will be received by the board
for its bonds and shall include: the amount, date, maturity or maturities
of such bonds; the date, time and place of receipt of bids; the maximum
permissible interest rate; the basis upon which the bonds will be awarded;
call provisions, if any; and such other information as the board may deem
pertinent.
After the bonds have been awarded to the successful bidder, the board
shall adopt a resolution confirming the sale of said bonds to the
successful bidder, setting forth the terms of sale, designating the place
of payment for the principal and interest, prescribing the form of bond and
determining the amount of taxes to be levied annually for each of the years
in which said bonds are outstanding for the purpose of paying the interest
on and the principal of such bonds.
The bonds shall be issued in the corporate name of the community college
district, and they shall be signed by the chairman and secretary of the
community college board. The bonds shall bear interest at a rate of not
more than
the maximum rate authorized by the Bond Authorization Act, as amended at the
time of the making of the contract, and shall mature within 20 years from the date of
issuance, and may be made callable on any interest payment date at par and
accrued interest, after notice has been given, at the time and in the
manner provided in the bond resolution. The proceeds of sale of said bonds
shall be received by the community college treasurer, and expended by the
board for the purpose provided in the bond resolution.
The community college treasurer shall, before receiving any of such
money, execute a surety bond with a surety company authorized to do
business in this State conditioned upon the faithful discharge of his
duties. That surety bond must pass approval by the community college board
and, upon such approval, shall be filed as otherwise required under this
Act for the treasurer's bond. The penalty of the surety bond shall be in
the amount of such bond issue. The surety bond shall be in substantially
the same form as the bond otherwise required under this Act for the
treasurer and when so given shall fully describe the bond issue which it
specifically covers and shall remain in force until the funds of the bond
issue are fully disbursed in accordance with the law.
Before or at the time of issuing any bonds herein authorized, the city
council, upon the demand and under the direction of the board shall, by
ordinance, provide for the levy and collection of a direct annual tax upon
all the taxable property within the community college district sufficient
to pay and discharge the principal thereof at maturity and to pay the
interest thereon as it falls due. Such tax shall be levied and collected in
like manner with the other taxes of the community college district and
shall be in addition to and exclusive of the maximum of all other taxes
which the board is
authorized by law to
levy for community college purposes. Upon the filing in the office of the
county clerk of each county wherein such community college district is
located of a certified copy of any such ordinance, the county clerk shall
extend the tax therein provided for, including an amount to cover loss and
cost of collecting such taxes and also deferred collections thereof and
abatements in the amounts of such taxes as extended upon the collector's
books.
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. 100-884, eff. 1-1-19.)
(110 ILCS 805/7-27) (from Ch. 122, par. 107-27)
Sec. 7-27. 
		Issuance of bonds not exceeding $20,000,000 aggregate. 
		The
board
may incur an indebtedness and issue bonds therefor in an amount or amounts
not to exceed in the aggregate $20,000,000 for the purpose of erecting,
purchasing, or otherwise acquiring buildings suitable for community college
use, transferring funds to the Capital Development Board for community
college building purposes, erecting temporary community college structures,
erecting additions to, repairing, rehabilitating, and replacing existing
community college buildings and temporary community college structures,
furnishing and equipping community college buildings and temporary
community college structures, and purchasing or otherwise acquiring and
improving sites for such purposes. The bonds may be issued without
submitting the question of issuance thereof to the voters of the community
college district for approval.
Whenever the board desires to issue bonds as herein authorized, it shall
adopt a resolution designating the purpose for which the proceeds of the
bonds are to be expended and fixing the amount of the bonds proposed to be
issued, the schedule of the maturities thereof, and optional provisions, if
any, and the maximum rate of interest thereon and directing the sale upon
such terms as are determined by the board.
The secretary of the board shall cause such sale to be advertised by
publication of a notice of sale once, as a legal notice in a newspaper
having general circulation in the district, and once in a financial journal
published in the City of New York, New York, or Chicago, Illinois. Such
notice of sale shall be published not less than 7 nor more than 21 days
prior to the date set for the sale of the bonds being advertised. The
notice of sale shall state that sealed bids will be received by the board
for its bonds and shall include: the amount, date, maturity or maturities
of such bonds; the date, time and place of receipt of bids; the maximum
permissible interest rate; the basis upon which the bonds will be awarded;
call provisions, if any; and such other information as the board may deem
pertinent.
After the bonds have been awarded to the successful bidder, the board
shall adopt a resolution confirming the sale of the bonds to the successful
bidder setting forth the terms of sale, designating the place of payment
for the principal and interest, prescribing the form of bond and
determining the amount of taxes to be levied annually for each of the years
in which said bonds are outstanding for the purpose of paying the interest
on and the principal of such bonds.
The bonds shall be issued in the corporate name of the community college
district, and shall be signed by such officers of the district as may be
designated in the bond resolution. The bonds shall bear interest at a rate
of not more than
the maximum rate authorized by the Bond Authorization Act, as amended at the
time of the making of the contract, and shall mature not more than 20 years from
the date of issuance, and may be made callable on any interest payment date
at par and accrued interest, after notice has been given, at the time and
in the manner provided in the bond resolution. The proceeds of sale of said
bonds shall be received by the community college treasurer, and expended by
the board for the purpose provided in the bond resolution.
The community college treasurer shall, before receiving any of such
money, execute a surety bond with a surety company authorized to do
business in this State conditioned upon the faithful discharge of his
duties. That surety bond must be approved by the community college board
and, upon such approval, shall be filed as otherwise required under this
Act for the treasurer's bond. The penalty of the surety bond shall be in
the amount of such bond issue. The surety bond shall be in substantially
the same form as the bond otherwise required under this Act for the
treasurer and when so given shall fully describe the bond issue which it
specifically covers and shall remain in force until the funds of the bond
issue are fully disbursed in accordance with law.
Before or at the time of issuing any bonds herein authorized, the board shall by
resolution provide for the levy and collection of a direct
annual tax upon
all the taxable property within the community college district sufficient
to pay and discharge the principal thereof at maturity and to pay the
interest thereon as it falls due. Such tax shall be levied and collected in
like manner with the other taxes of the community college district and
shall be in addition to and exclusive of the maximum of all other taxes that
the board is authorized by
law to levy
for community college purposes. Upon the filing of a certified copy of any
such ordinance in the office of the county clerk of each county wherein
such community college district is located, the county clerk shall extend
the tax therein provided for, including an amount to cover loss and cost of
collecting such taxes and also deferred collections thereof and abatements
in the amounts of such taxes as extended upon the collector's books.
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. 89-281, eff. 8-10-95.)