(105 ILCS 5/34-45) (from Ch. 122, par. 34-45)
Sec. 34-45. Budget appropriations. The budget shall specify:
1. the several organization units, purposes, and
objects for which appropriations are made;
2. the amount appropriated for each organization
unit, purpose or object; and
3. the fund from or to which each amount
appropriated is to be paid or charged.
The budget shall include appropriations for:
1. all estimated current expenditures or charges to
be made or incurred during such fiscal year, including interest to accrue on anticipation tax warrants and temporary loans;
2. all final judgments, including accrued interest
thereon, entered against the board and 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 Sections 34-30 through 34-36; and
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 such fiscal year.
(Source: P.A. 84-1238.)
Sections: Previous 34-42.1 34-42.2 34-43 34-43a 34-43.1 34-44 34-44.1 34-45 34-45.1 34-46 34-47 34-48 34-49 34-50 34-51 Next
Last modified: February 18, 2015