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 funding received by the school district under the evidence-based funding formula. 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 funding received by the school district under the evidence-based funding formula. Makes related changes. Effective immediately.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Passed) 2019-08-16 - Public Act . . . . . . . . . 101-0416 [SB1746 Detail]

Text: Latest bill text (Chaptered) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Christopher Belt [D]	Primary	Sponsored Bills	SD-057	FollowTheMoney	Ballotpedia	VoteSmart
Senator Iris Martinez [D]	Cosponsor	Sponsored Bills	SD-020	FollowTheMoney	Ballotpedia	VoteSmart
Senator Kimberly Lightford [D]	Cosponsor	Sponsored Bills	SD-004	FollowTheMoney	Ballotpedia	VoteSmart
Senator Ram Villivalam [D]	Cosponsor	Sponsored Bills	SD-008	FollowTheMoney	Ballotpedia	VoteSmart
Representative Latoya Greenwood [D]	Primary	Sponsored Bills	HD-114	FollowTheMoney	Ballotpedia	VoteSmart

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