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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Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
House	Third Reading in House	2019-05-23	72	44	1	0	117	Passed	Link	View
Senate	Third Reading in Senate	2019-04-10	54	0	5	0	59	Passed	Link	View

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