Illinois Compiled Statutes 105 ILCS 5 School Code. Section 34A-401.1

    (105 ILCS 5/34A-401.1) (from Ch. 122, par. 34A-401.1)

    Sec. 34A-401.1. Limitation. Notwithstanding the provisions of any other law to the contrary, the Authority shall have no power to reject the Financial Plans, Budgets and Contracts of the Board for the failure of the Board to keep reserves in excess of $5,000,000.

(Source: P.A. 83-1130.)

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Last modified: February 18, 2015