Bill Text: IL HB4705 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the School Code. Makes a technical change in a Section concerning the Chicago school district.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB4705 Detail]

Download: Illinois-2017-HB4705-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB4705 Introduced , by Rep. William Davis SYNOPSIS AS INTRODUCED:
105 ILCS 5/34-74 from Ch. 122, par. 34-74
Amends the School Code. Makes a technical change in a Section concerning the Chicago school district.
LRB100 19038 AXK 34292 b
A BILL FOR
HB4705 LRB100 19038 AXK 34292 b
AN ACT concerning education.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The School Code is amended by changing Section
34-74 as follows:
(105 ILCS 5/34-74) (from Ch. 122, par. 34-74)
Sec. 34-74. Custody of school moneys. Except as provided in
Article 34A and and Section 34-29.2 of this Code, all moneys
raised by taxation for school purposes, or received from the
state common school fund, or from any other source for school
purposes, shall be held by the city treasurer, ex-officio, as
school treasurer, in separate funds for school purposes,
subject to the order of the board upon (i) its warrants signed
by its president and secretary and countersigned by the mayor
and city comptroller or (ii) its checks, as defined in Section
3-104 of the Uniform Commercial Code, signed by its president,
secretary, and comptroller and countersigned by the mayor and
city comptroller.
(Source: P.A. 94-1105, eff. 6-1-07.)