Comments: IL SB1746 | 2019-2020 | 101st General Assembly

Bill Title: Amends the School Code. With regard to issuing bonds not to exceed a certain amount for the purpose of creating, recreating, or increasing a working cash fund, adds to that amount 85% of the most recent amount of all State funding received by the school district. Provides that moneys in the working cash fund may be used by a school board for any and all school purposes and may be transferred in whole or in part to the general funds or both of the school district and disbursed in anticipation of State funding received by the school district; makes related changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Engrossed) 2019-05-16 - Placed on Calendar Order of 3rd Reading - Short Debate [SB1746 Detail]

Text: Latest bill text (Engrossed) [HTML]

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