Illinois Compiled Statutes 105 ILCS 5 School Code. Section 34A-410

    (105 ILCS 5/34A-410) (from Ch. 122, par. 34A-410)

    Sec. 34A-410. Financial, management and budgetary structure. Upon direction of the Authority, the Board shall reorganize the financial accounts, management and Budgetary systems of the Board in whatever manner the Authority deems appropriate to achieve greater financial responsibility and to reduce financial inefficiency. Except as provided in Sections 34A-501 through 34A-512 of this Act, the Authority shall not have the power to affect the taxing authority or to consolidate or reduce the restricted debt service funds of the Board.

(Source: P.A. 81-1221.)

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Last modified: February 18, 2015