Chapter 105 — SCHOOLS

(105 ILCS 5/1C-2) Sec. 1C-2. Block grants. (a) For fiscal year 1999, and each fiscal year thereafter through fiscal year 2026, the State Board of Education shall award to school districts block grants as described in subsection (c). The State Board of Education may adopt rules an…

(105 ILCS 5/1C-3) Sec. 1C-3. Application. Block grants shall be available, pursuant to appropriation, upon applications made pursuant to school improvement plans. Block grants shall be made utilizing a per pupil basis to determine entitlement. (Source: P.A. 88-555, eff. 7-27-94; …

(105 ILCS 5/1C-4) (Section scheduled to be repealed on July 1, 2026) Sec. 1C-4. Reports. A school district that receives an Early Childhood Education Block Grant shall report to the State Board of Education on its use of the block grant in such form and detail as the State Board …

(105 ILCS 5/1C-5) Sec. 1C-5. Rules. The State Board of Education shall adopt such rules and regulations as may be necessary to implement the provisions of this Article. (Source: P.A. 88-555, eff. 7-27-94.)

(105 ILCS 5/1D-1) (Text of Section from P.A. 100-55, 103-594, 104-261, and 104-417) Sec. 1D-1. Block grant funding. (a) For fiscal year 1996 and each fiscal year thereafter, the State Board of Education shall award to a school district having a population exceeding 500,000 inhabi…

(105 ILCS 5/1E-1) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-1. Short title. This Article may be cited as the Downstate School Finance Authority Law. (Source: P.A. 92-547, eff. 6-13-02.)

(105 ILCS 5/1E-10) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-10. Definitions. As used in this Article: "Authority" means a School Finance Authority created under this Article. "Bonds" means bonds authorized to be issued by the Authority …

(105 ILCS 5/1E-100) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-100. Discharge of bonds. (a) If the Authority pays or causes to be paid to the holders of all Bonds then outstanding the principal, redemption price, if any, and interest to b…

(105 ILCS 5/1E-105) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-105. Pledge of the State. The State of Illinois pledges to and agrees with the holders of Bonds that the State will not limit or alter the rights and powers vested in the Auth…

(105 ILCS 5/1E-110) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-110. Statutory lien. Any pledge, assignment, lien, or security interest for the benefit of the holders of Bonds or bond anticipation notes, if any, created pursuant to this Ar…

(105 ILCS 5/1E-115) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-115. State or district not liable on obligations. Obligations shall not be deemed to constitute (i) a debt or liability of the State, the district, or any political subdivisio…

(105 ILCS 5/1E-120) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-120. Obligations as legal investments. The obligations issued under the provisions of this Article are hereby made securities in which all public officers and bodies of this S…

(105 ILCS 5/1E-125) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-125. Complete authority. This Article, without reference to any other law, shall be deemed full and complete authority for the issuance of Bonds and bond anticipation notes as…

(105 ILCS 5/1E-130) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-130. Reports. (a) The Authority, upon taking office and annually thereafter, shall prepare and submit to the Governor, General Assembly, and State Superintendent a report that…

(105 ILCS 5/1E-135) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-135. Audit of Authority. The Authority shall be subject to audit in the manner provided for the audit of State funds and accounts. A copy of the audit report shall be submitte…

(105 ILCS 5/1E-140) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-140. Assistance by State agencies, units of local government, and school districts. The district shall render such services to and permit the use of its facilities and resourc…

(105 ILCS 5/1E-145) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-145. Property of Authority exempt from taxation. The property of the Authority is exempt from taxation. (Source: P.A. 92-547, eff. 6-13-02.)

(105 ILCS 5/1E-15) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-15. Establishment of Authority; duties of district. (a) A Financial Oversight Panel created under Article 1B of this Code for a district may petition the State Board for the es…

(105 ILCS 5/1E-150) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-150. Sanctions. (a) No member, officer, employee, or agent of the district may commit the district to any contract or other obligation or incur any liability on behalf of the …

(105 ILCS 5/1E-155) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-155. Abolition of Authority. The Authority shall be abolished 10 years after its creation or one year after all its obligations issued under the provisions of this Article hav…

(105 ILCS 5/1E-160) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-160. Limitations of actions after abolition; indemnification; legal representation. (a) Abolition of the Authority pursuant to Section 1E-155 of this Code shall bar any remedy…

(105 ILCS 5/1E-165) (This Section scheduled to be repealed in accordance with this Section) Sec. 1E-165. Repeal. When the Authority established pursuant to this Article is abolished pursuant to Section 1E-155, this Article shall be repealed. (Source: P.A. 97-429, eff. 8-16-11.)

(105 ILCS 5/1E-20) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-20. Members of Authority; meetings. (a) When a petition for a School Finance Authority is allowed by the State Board under Section 1E-15 of this Code, the State Superintendent …

(105 ILCS 5/1E-25) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-25. General powers. The purposes of the Authority shall be to exercise financial control over the district and to furnish financial assistance so that the district can provide …

(105 ILCS 5/1E-30) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-30. Chief executive officer. The Authority may appoint a chief executive officer who, under the direction of the Authority, shall supervise the Authority's staff, including the…

(105 ILCS 5/1E-35) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-35. Chief educational officer. Upon expiration of the contract of the school district's superintendent who is serving at the time the Authority is established, the Authority sh…

(105 ILCS 5/1E-40) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-40. Chief fiscal officer. The Authority may appoint a chief fiscal officer who, under the direction of the Authority, shall have all of the powers and duties of the district's …

(105 ILCS 5/1E-45) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-45. Collective bargaining agreements. The Authority shall have the power to negotiate collective bargaining agreements with the district's employees in lieu of and on behalf of…

(105 ILCS 5/1E-5) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-5. Findings; purpose; intent. (a) The General Assembly finds all of the following: (1) A fundamental goal of the people of this State, as expressed in Section 1 of Article X of …

(105 ILCS 5/1E-50) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-50. Deposits and investments. (a) The Authority shall have the power to establish checking and whatever other banking accounts it may deem appropriate for conducting its affair…

(105 ILCS 5/1E-55) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-55. Cash accounts and bank accounts. (a) The Authority shall require the district or any officer of the district, including the district's treasurer, to establish and maintain …

(105 ILCS 5/1E-60) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-60. Financial, management, and budgetary structure. Upon direction of the Authority, the district shall reorganize the financial accounts, management, and budgetary systems of …

(105 ILCS 5/1E-65) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-65. Power to issue bonds. (a) The Authority may incur indebtedness by the issuance of negotiable full faith and credit general obligation bonds of the Authority in an outstandi…

(105 ILCS 5/1E-70) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-70. Terms of bonds. (a) Whenever the Authority desires or is required to issue Bonds as provided in this Article, it shall adopt a resolution designating the amount of the Bond…

(105 ILCS 5/1E-75) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-75. Tax levy. (a) Before or at the time of issuing any Bonds, the Authority shall provide by resolution for the levy and collection of a direct annual tax upon all the taxable …

(105 ILCS 5/1E-80) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-80. Debt service fund. The Authority shall establish a debt service fund for the Bonds to be maintained by a paying agent, escrow agent, depository, or corporate trustee, which…

(105 ILCS 5/1E-85) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-85. Debt service reserve fund. (a) The Authority may create and establish a debt service reserve fund to be maintained by a paying agent, escrow agent, depository, or corporate…

(105 ILCS 5/1E-90) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-90. Bond anticipation notes. (a) After the issuance of Bonds has been authorized, the Authority shall have power to issue from time to time, pursuant to a resolution or resolut…

(105 ILCS 5/1E-95) (This Section scheduled to be repealed in accordance with 105 ILCS 5/1E-165) Sec. 1E-95. Vesting powers in trustee or other authorized agent. The resolution authorizing issuance of the Bonds shall vest in a trustee, paying agent, escrow agent, or depository suc…

(105 ILCS 5/1H-1) Sec. 1H-1. Short title. This Article may be cited as the Financial Oversight Panel Law. (Source: P.A. 97-429, eff. 8-16-11.)

(105 ILCS 5/1H-10) Sec. 1H-10. Definitions. As used in this Article: "Budget" means the annual budget of the district required under Section 17-1 of this Code, as in effect from time to time. "Chairperson" means the Chairperson of the Panel. "District" means any school district h…

(105 ILCS 5/1H-100) Sec. 1H-100. Assistance by State agencies, units of local government, and school districts. The district shall render such services to and permit the use of its facilities and resources by the Panel at no charge as may be requested by the Panel. Any State agen…

(105 ILCS 5/1H-105) Sec. 1H-105. Property of Panel exempt from taxation. The property of the Panel is exempt from taxation. (Source: P.A. 97-429, eff. 8-16-11.)

(105 ILCS 5/1H-110) Sec. 1H-110. Sanctions. (a) No member, officer, employee, or agent of the district may commit the district to any contract or other obligation or incur any liability on behalf of the district for any purpose if the amount of the contract, obligation, or liabil…

(105 ILCS 5/1H-115) Sec. 1H-115. Abolition of Panel. (a) Except as provided in subsections (b), (c), (d), and (e) of this Section, the Panel shall be abolished 10 years after its creation. (b) The State Board, upon recommendation of the Panel or petition of the school board, may …

(105 ILCS 5/1H-120) Sec. 1H-120. Indemnification; legal representation; limitations of actions after abolition. (a) The Panel may indemnify any member, officer, employee, or agent who was or is a party or is threatened to be made a party to any threatened, pending, or completed a…

(105 ILCS 5/1H-15) Sec. 1H-15. Establishment of Financial Oversight Panels; duties of district. (a) A school district may petition the State Board for the establishment of a Financial Oversight Panel for the district or the State Board may establish a Panel without a petition fro…

(105 ILCS 5/1H-20) Sec. 1H-20. Members of Panel; meetings. (a) Upon establishment of a Financial Oversight Panel under Section 1H-15 of this Code, the State Superintendent shall within 15 working days thereafter appoint 5 members to serve on a Financial Oversight Panel for the di…

(105 ILCS 5/1H-25) Sec. 1H-25. General powers. (a) The purposes of the Panel shall be to exercise financial control over the district and to furnish financial assistance so that the district can provide public education within the district's jurisdiction while permitting the dist…

(105 ILCS 5/1H-30) Sec. 1H-30. Employees. The Panel may employ individuals under this Section if it is so warranted. These individuals may include any of the following: (1) A chief executive officer who shall supervise the Panel's staff, including the chief educational officer an…