Bill Text: IL SB2149 | 2011-2012 | 97th General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Creates the Financial Oversight Panel Law of the School Code. Allows a school district (other than the Chicago school district) to petition the State Board of Education for the establishment of a Financial Oversight Panel for the district. Allows the State Board to establish a Financial Oversight Panel without a petition from a district. Contains provisions concerning duties of the district; members and meetings of a Panel; powers of a Panel; officers of a Panel; collective bargaining agreements; deposits and investments; cash and bank accounts; the financial, management, and budgetary structure; the School District Emergency Financial Assistance Fund; grants and loans; the issuance of bonds; a tax levy; a debt service fund; a debt service reserve fund; bond anticipation notes; tax anticipation warrants; reports; a Panel audit; Panel property being exempt from taxation; sanctions; and abolition of a Panel. Makes related changes in the School Code and the Property Tax Code. Effective July 1, 2011.

Spectrum: Bipartisan Bill

Status: (Passed) 2011-08-16 - Public Act . . . . . . . . . 97-0429 [SB2149 Detail]

Download: Illinois-2011-SB2149-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 SB2149 Introduced 2/10/2011, by Sen. John M. Sullivan SYNOPSIS AS INTRODUCED:
See Index
Creates the Financial Oversight Panel Law of the School Code. Allows a school district (other than the Chicago school district) to petition the State Board of Education for the establishment of a Financial Oversight Panel for the district. Allows the State Board to establish a Financial Oversight Panel without a petition from a district. Contains provisions concerning duties of the district; members and meetings of a Panel; powers of a Panel; officers of a Panel; collective bargaining agreements; deposits and investments; cash and bank accounts; the financial, management, and budgetary structure; the School District Emergency Financial Assistance Fund; grants and loans; the issuance of bonds; a tax levy; a debt service fund; a debt service reserve fund; bond anticipation notes; tax anticipation warrants; reports; a Panel audit; Panel property being exempt from taxation; sanctions; and abolition of a Panel. Makes related changes in the School Code and the Property Tax Code. Effective July 1, 2011.
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FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
A BILL FOR
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AN ACT concerning education.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by changing
Sections 18-50.1, 18-92, and 18-241 as follows:
(35 ILCS 200/18-50.1)
Sec. 18-50.1. School Finance Authority and Financial
Oversight Panel levies. Notwithstanding any other law to the
contrary, any levy adopted by a School Finance Authority
created under Article 1F of the School Code or a Financial
Oversight Panel established under Article 1H of the School Code
is valid and shall be extended by the county clerk if it is
certified to the county clerk by the Authority or Panel in
sufficient time to allow the county clerk to include the levy
in the extension for the taxable year.
(Source: P.A. 92-855, eff. 12-6-02.)
(35 ILCS 200/18-92)
Sec. 18-92. Downstate School Finance Authority for
Elementary Districts Law and Financial Oversight Panel Law. The
provisions of the Truth in Taxation Law are subject to the
Downstate School Finance Authority for Elementary Districts
Law and the Financial Oversight Panel Law of the School Code.

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(Source: P.A. 95-331, eff. 8-21-07.)
(35 ILCS 200/18-241)
Sec. 18-241. School Finance Authority and Financial
Oversight Panel.
(a) A School Finance Authority established under Article 1E
or 1F of the School Code shall not be a taxing district for
purposes of this Law. A Financial Oversight Panel established
under Article 1H of the School Code shall not be a taxing
district for purposes of this Law.
(b) This Law shall not apply to the extension of taxes for
a school district for the levy year in which a School Finance
Authority for the district is created pursuant to Article 1E or
1F of the School Code. This Law shall not apply to the
extension of taxes for a school district for the levy year in
which a Financial Oversight Panel for the district is created
pursuant to Article 1H of the School Code.
(Source: P.A. 92-547, eff. 6-13-02; 93-501, eff. 8-11-03.)
Section 15. The School Code is amended by changing Section
1B-8 and by adding Article 1H as follows:
(105 ILCS 5/1B-8) (from Ch. 122, par. 1B-8)
Sec. 1B-8. There is created in the State Treasury a special
fund to be known as the School District Emergency Financial
Assistance Fund (the "Fund"). The School District Emergency

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Financial Assistance Fund shall consist of appropriations,
loan repayments, grants from the federal government, and
donations from any public or private source. Moneys in the Fund
may be appropriated only to the Illinois Finance Authority and
the State Board for those purposes authorized under this
Article and Articles Article 1F and 1H of this Code. The
appropriation may be allocated and expended by the State Board
for contractual services as grants to provide technical
assistance and consultation consulting services to school
districts to assess their financial condition to Financial
Oversight Panels that petition for emergency financial
assistance grants. The and by the Illinois Finance Authority
may provide as loans to school districts which are the subject
of an approved petition for emergency financial assistance
under Section 1B-4, or 1F-62, or 1H-65 of this Code. Neither
the State Board of Education nor the Illinois Finance Authority
may collect any fees for providing these services.
From the amount allocated to each such school district
under this Article the State Board shall identify a sum
sufficient to cover all approved costs of the Financial
Oversight Panel established for the respective school
district. If the State Board and State Superintendent of
Education have not approved emergency financial assistance in
conjunction with the appointment of a Financial Oversight
Panel, the Panel's approved costs shall be paid from deductions
from the district's general State aid.

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The Financial Oversight Panel may prepare and file with the
State Superintendent a proposal for emergency financial
assistance for the school district and for its operations
budget. No expenditures shall be authorized by the State
Superintendent until he or she has approved the proposal of the
Panel, either as submitted or in such lesser amount determined
by the State Superintendent.
The maximum amount of an emergency financial assistance
loan which may be allocated to any school district under this
Article, including moneys necessary for the operations of the
Panel, shall not exceed $4,000 times the number of pupils
enrolled in the school district during the school year ending
June 30 prior to the date of approval by the State Board of the
petition for emergency financial assistance, as certified to
the local board and the Panel by the State Superintendent. An
emergency financial assistance grant shall not exceed $1,000
times the number of such pupils. A district may receive both a
loan and a grant.
The payment of an emergency State financial assistance
grant or loan shall be subject to appropriation by the General
Assembly. Emergency State financial assistance allocated and
paid to a school district under this Article may be applied to
any fund or funds from which the local board of education of
that district is authorized to make expenditures by law.
Any emergency financial assistance proposed by the
Financial Oversight Panel and approved by the State

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Superintendent may be paid in its entirety during the initial
year of the Panel's existence or spread in equal or declining
amounts over a period of years not to exceed the period of the
Panel's existence. All loan payments made from the School
District Emergency Financial Assistance Fund for a school
district shall be required to be repaid, with simple interest
over the term of the loan at a rate equal to 50% of the one-year
Constant Maturity Treasury (CMT) yield as last published by the
Board of Governors of the Federal Reserve System before the
date on which the district's loan is approved by the State
Board of Education, not later than the date the Financial
Oversight Panel ceases to exist. The Panel shall establish and
the Illinois Finance Authority shall approve the terms and
conditions, including the schedule, of repayments. The
schedule shall provide for repayments commencing July 1 of each
year or upon each fiscal year's receipt of moneys from a tax
levy for emergency financial assistance. Repayment shall be
incorporated into the annual budget of the school district and
may be made from any fund or funds of the district in which
there are moneys available. Default on repayment is subject to
the Illinois Grant Funds Recovery Act. When moneys are repaid
as provided herein they shall not be made available to the
local board for further use as emergency financial assistance
under this Article at any time thereafter. All repayments
required to be made by a school district shall be received by
the State Board and deposited in the School District Emergency

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Financial Assistance Fund.
In establishing the terms and conditions for the repayment
obligation of the school district the Panel shall annually
determine whether a separate local property tax levy is
required. The board of any school district with a tax rate for
educational purposes for the prior year of less than 120% of
the maximum rate for educational purposes authorized by Section
17-2 shall provide for a separate tax levy for emergency
financial assistance repayment purposes. Such tax levy shall
not be subject to referendum approval. The amount of the levy
shall be equal to the amount necessary to meet the annual
repayment obligations of the district as established by the
Panel, or 20% of the amount levied for educational purposes for
the prior year, whichever is less. However, no district shall
be required to levy the tax if the district's operating tax
rate as determined under Section 18-8 or 18-8.05 exceeds 200%
of the district's tax rate for educational purposes for the
prior year.
(Source: P.A. 94-234, eff. 7-1-06.)
(105 ILCS 5/Art. 1H heading new)
ARTICLE 1H. FINANCIAL OVERSIGHT PANELS
(105 ILCS 5/1H-1 new)
Sec. 1H-1. Short title. This Article may be cited as the
Financial Oversight Panel Law.

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(105 ILCS 5/1H-5 new)
Sec. 1H-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 the Illinois
Constitution, is the educational development of all
persons to the limits of their capacities. When a board of
education faces financial difficulties, continued
operation of the public school system is threatened.
(2) A sound financial structure is essential to the
continued operation of any school system. It is vital to
commercial, educational, and cultural interests that
public schools remain in operation. To achieve that goal,
public school systems must have effective access to the
private market to borrow short and long term funds.
(3) To promote the financial integrity of districts, as
defined in this Article, it is necessary to provide for the
creation of financial oversight panels with the powers
necessary to promote sound financial management and to
ensure the continued operation of the public schools.
(b) It is the purpose of this Article to provide a secure
financial basis for the continued operation of public schools.
The intention of the General Assembly, in creating this
Article, is to establish procedures, provide powers, and impose
restrictions to ensure the financial and educational integrity

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of the public schools, while leaving principal responsibility
for the educational policies of public schools to the boards of
education within the State, consistent with the requirements
for satisfying the public policy and purpose set forth in this
Article.
(105 ILCS 5/1H-10 new)
Sec. 1H-10. Definitions. As used in this Article:
"Bonds" means bonds authorized to be issued by the Panel
under Section 1H-70 of this Code.
"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 having a population of
not more than 500,000 that has had a Financial Oversight Panel
established under this Article.
"Financial plan" means the financial plan of the district
to be developed pursuant to this Article, as in effect from
time to time.
"Fiscal year" means the fiscal year of the district.
"Obligations" means bonds and notes of the Panel.
"Panel" means a Financial Oversight Panel created under
this Article.
"State Board" means the State Board of Education.
"State Superintendent" means the State Superintendent of

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Education.
(105 ILCS 5/1H-15 new)
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.
The petition shall cite the reasons why the creation of a
Financial Oversight Panel for the district is necessary. The
State Board may grant the petition upon determining that the
approval of the petition is in the best educational and
financial interests of the district. The State Board may
establish a Financial Oversight Panel without a petition from a
district if the State Board determines that such action is in
the best educational and financial interests of the district.
(b) Upon establishment of a Financial Oversight Panel, all
of the following shall occur:
(1) There is established a body both corporate and
politic to be known as the "(Name of School District)
Financial Oversight Panel", which in this name shall
exercise all authority vested in a Panel by this Article.
(2) The duties and obligations of the district under
Article 1B of this Code shall be transferred and become
duties and obligations owed by the district to the
Financial Oversight Panel.
(c) In the event of a conflict between the provisions of

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this Article and the provisions of Article 1B of this Code, the
provisions of this Article control.
(d) Any school district having a Financial Oversight Panel
established under Article 1B of this Code or any Financial
Oversight Panel established under Article 1B may petition the
State Board for the establishment of a Financial Oversight
Panel under this Article and concurrent dissolution of the
Article 1B Panel. All records, papers, books, funds, or other
assets or liabilities belonging to the dissolving Financial
Oversight Panel shall be transferred to the newly established
Financial Oversight Panel.
(105 ILCS 5/1H-20 new)
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 district. Members appointed
to the Panel shall serve at the pleasure of the State
Superintendent. The State Superintendent shall designate one
of the members of the Panel to serve as its Chairperson. In the
event of vacancy or resignation, the State Superintendent
shall, within 10 days after receiving notice, appoint a
successor to serve out that member's term. The State
Superintendent may remove a member for incompetence,
malfeasance, neglect of duty, or other just cause.

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(b) Members of the Panel shall be selected primarily on the
basis of their experience and education in financial
management, with consideration given to persons knowledgeable
in education finance. Two members of the Panel shall be
residents of the school district that the Panel serves. A
member of the Panel may not be a member of the district's
school board or an employee of the district nor may a member
have a direct financial interest in the district.
(c) Panel members may be reimbursed by the State Board for
travel and other necessary expenses incurred in the performance
of their official duties. Unless paid from bonds issued under
Section 1H-70 of this Code, the amount reimbursed members for
their expenses shall be charged to the school district as part
of any emergency financial assistance and incorporated as a
part of the terms and conditions for repayment of the
assistance or shall be deducted from the district's general
State aid as provided in Section 1H-65 of this Code.
(d) With the exception of the chairperson, who shall be
designated as provided in subsection (a) of this Section, the
Panel may elect such officers as it deems appropriate.
(e) The first meeting of the Panel shall be held at the
call of the Chairperson. The Panel shall prescribe the times
and places for its meetings and the manner in which regular and
special meetings may be called and shall comply with the Open
Meetings Act.
(f) Three members of the Panel shall constitute a quorum.

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When a vote is taken upon any measure before the Panel, a
quorum being present, a majority of the votes of the members
voting on the measure shall determine the outcome.
(105 ILCS 5/1H-25 new)
Sec. 1H-25. General powers. 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 district to meet its obligations to its
creditors and the holders of its debt. Except as expressly
limited by this Article, the Panel shall have all powers
granted to a voluntary or involuntary Financial Oversight Panel
and to a Financial Administrator under Article 1B of this Code
and all other powers necessary to meet its responsibilities and
to carry out its purposes and the purposes of this Article,
including without limitation all of the following powers,
provided that the Panel shall have no power to terminate any
employee without following the statutory procedures for such
terminations set forth in this Code:
(1) To sue and to be sued.
(2) To make, cancel, modify, and execute contracts,
leases, subleases, and all other instruments or agreements
necessary or convenient for the exercise of the powers and
functions granted by this Article, subject to Section 1H-45
of this Code. The Panel may at a regular or special meeting

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find that the district has insufficient or inadequate funds
with respect to any contract, other than collective
bargaining agreements.
(3) To purchase real or personal property necessary or
convenient for its purposes; to execute and deliver deeds
for real property held in its own name; and to sell, lease,
or otherwise dispose of such of its property as, in the
judgment of the Panel, is no longer necessary for its
purposes.
(4) To appoint officers, agents, and employees of the
Panel, including a chief executive officer, a chief fiscal
officer, and a chief educational officer; to define their
duties and qualifications; and to fix their compensation
and employee benefits.
(5) To transfer to the district such sums of money as
are not required for other purposes.
(6) To borrow money, including without limitation
accepting State loans, and to issue obligations pursuant to
this Article; to fund, refund, or advance refund the same;
to provide for the rights of the holders of its
obligations; and to repay any advances.
(7) To levy all property tax levies that otherwise
could be levied by the district, and to make levies
pursuant to Section 1H-65 of this Code. This levy or levies
shall be exempt from the Truth in Taxation Law.
(8) Subject to the provisions of any contract with or

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for the benefit of the holders of its obligations, to
purchase or redeem its obligations.
(9) To procure all necessary goods and services for the
Panel in compliance with the purchasing laws and
requirements applicable to the district.
(10) To do any and all things necessary or convenient
to carry out its purposes and exercise the powers given to
it by this Article.
(11) To recommend annexation, consolidation,
dissolution, or reorganization of the district, in whole or
in part, to the State Board if in the Panel's judgment the
circumstances so require. No such proposal for annexation,
consolidation, dissolution, or reorganization shall occur
unless the Panel and the school boards of all other
districts directly affected by the annexation,
consolidation, dissolution, or reorganization have each
approved by majority vote the annexation, consolidation,
dissolution, or reorganization. Notwithstanding any other
law to the contrary, upon approval of the proposal by the
State Board, the State Board and all other affected
entities shall forthwith implement the proposal. When a
dissolution and annexation becomes effective for purposes
of administration and attendance, the positions of
teachers in contractual continued service in the district
being dissolved shall be transferred to the annexing
district or districts, pursuant to the provisions of

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Section 24-12 of this Code. In the event that the territory
is added to 2 or more districts, the decision on which
positions shall be transferred to which annexing districts
shall be made by giving consideration to the proportionate
percentage of pupils transferred and the annexing
districts' staffing needs, and the transfer of teachers in
contractual continued service into positions shall be
based upon the request of those teachers in contractual
continued service in order of seniority in the dissolving
district. The status of all teachers in contractual
continued service transferred to an annexing district
shall not be lost, and the board of the annexing district
is subject to this Code with respect to teachers in
contractual continued service who are transferred in the
same manner as if the person were the annexing district's
employee and had been its employee during the time the
person was actually employed by the board of the dissolving
district from which the position was transferred.
(105 ILCS 5/1H-30 new)
Sec. 1H-30. Chief executive officer. The Panel may appoint
a chief executive officer who, under the direction of the
Panel, shall supervise the Panel's staff, including the chief
educational officer and the chief fiscal officer, and shall
have ultimate responsibility for implementing the policies,
procedures, directives, and decisions of the Panel. The chief

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executive officer shall have the authority to determine the
agenda and order of business at school board meetings, as
needed in order to carry forward and implement the objectives
and priorities of the school board and Financial Oversight
Panel in the administration and management of the district. The
chief executive officer is not required to hold any certificate
issued under Article 21 of this Code. The chief executive
officer shall have the powers and duties as assigned by the
Panel in accordance with this Code.
(105 ILCS 5/1H-35 new)
Sec. 1H-35. Chief educational officer. The Panel may at a
regular or special meeting find that cause exists to cancel the
contract of the school district's superintendent who is serving
at the time the Panel is established. If there is no
superintendent, then the Panel may appoint a chief educational
officer for the district, who shall have all of the powers and
duties of a school district superintendent under this Code and
such other duties as may be assigned by the Panel in accordance
with this Code. The chief educational officer shall report to
the Panel or the chief executive officer appointed by the
Panel. The district shall not thereafter employ a
superintendent during the period that a chief educational
officer is serving in the district. The chief educational
officer is not required to hold any certificate issued under
Article 21 of this Code.

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(105 ILCS 5/1H-40 new)
Sec. 1H-40. Chief fiscal officer. The Panel may appoint a
chief fiscal officer who, under the direction of the Panel or
the chief executive officer appointed by the Panel, shall have
all of the powers and duties of the district's chief school
business official and any other duties regarding budgeting,
accounting, and other financial matters that are assigned by
the Panel, in accordance with this Code. The district may not
employ a chief school business official during the period that
the chief fiscal officer is serving in the district. The chief
fiscal officer is not required to hold a certificate issued
under Article 21 of this Code.
(105 ILCS 5/1H-41 new)
Sec. 1H-41. Superintendent. The Panel may employ a
superintendent who, under the direction of the Panel or the
chief executive officer appointed by the Panel, shall have all
of the powers and duties of a school district superintendent
under this Code assigned by the Panel and such other duties as
may be assigned by the Panel in accordance with this Code. The
superintendent shall report to the Panel or the chief executive
officer appointed by the Panel. The superintendent shall hold a
certificate with a superintendent endorsement issued under
Article 21 of this Code.

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(105 ILCS 5/1H-42 new)
Sec. 1H-42. Chief school business official. The Panel may
employ a chief school business official who, under the
direction of the Panel or the chief executive officer appointed
by the Panel, shall have all of the powers and duties of a
chief school business official under this Code assigned by the
Panel and such other duties as may be assigned by the Panel in
accordance with this Code. The chief school business official
shall report to the Panel or the chief executive officer
appointed by the Panel. The chief school business official
shall hold a certificate with a chief school business official
endorsement issued under Article 21 of this Code.
(105 ILCS 5/1H-45 new)
Sec. 1H-45. Collective bargaining agreements. The Panel
shall have the power to negotiate collective bargaining
agreements with the district's employees in lieu of and on
behalf of the district. Upon concluding bargaining, the
district shall execute the agreements negotiated by the Panel,
and the district shall be bound by and shall administer the
agreements in all respects as if the agreements had been
negotiated by the district itself.
(105 ILCS 5/1H-50 new)
Sec. 1H-50. Deposits and investments.
(a) The Panel shall have the power to establish checking

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and whatever other banking accounts it may deem appropriate for
conducting its affairs.
(b) Subject to the provisions of any contract with or for
the benefit of the holders of its obligations, the Panel may
invest any funds not required for immediate use or
disbursement, as provided in the Public Funds Investment Act.
(105 ILCS 5/1H-55 new)
Sec. 1H-55. Cash accounts and bank accounts.
(a) The Panel shall require the district or any officer of
the district, including the district's treasurer, to establish
and maintain separate cash accounts and separate bank accounts
in accordance with such rules, standards, and procedures as the
Panel may prescribe.
(b) The Panel shall have the power to assume exclusive
administration of the cash accounts and bank accounts of the
district, to establish and maintain whatever new cash accounts
and bank accounts it may deem appropriate, and to withdraw
funds from these accounts for the lawful expenditures of the
district.
(105 ILCS 5/1H-60 new)
Sec. 1H-60. Financial, management, and budgetary
structure. Upon direction of the Panel, the district shall
reorganize the financial accounts, management, and budgetary
systems of the district in whatever manner the Panel deems

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appropriate to achieve greater financial responsibility and to
reduce financial inefficiency.
(105 ILCS 5/1H-65 new)
Sec. 1H-65. School District Emergency Financial Assistance
Fund; grants and loans.
(a) Moneys in the School District Emergency Financial
Assistance Fund established under Section 1B-8 of this Code may
be allocated and expended by the State Board for contractual
services to provide technical assistance and consultation to
school districts to assess their financial condition or to
Panels that petition for emergency financial assistance grants
and by the Illinois Finance Authority as loans to school
districts that are the subject of an approved petition for
emergency financial assistance under Section 1B-4, 1F-62, or
1H-65 of this Code. Neither the State Board of Education nor
the Illinois Finance Authority may collect any fees for
providing these services. From the amount allocated to each
such school district, the State Board shall identify a sum
sufficient to cover all approved costs of the Panel established
for the respective school district. If the State Board and
State Superintendent of Education have not approved emergency
financial assistance in conjunction with the appointment of a
Panel, the Panel's approved costs shall be paid from deductions
from the district's general State aid. An emergency financial
assistance loan to a Panel or borrowing from sources other than

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the State shall not be considered as part of the calculation of
a district's debt for purposes of the limitation specified in
Section 19-1 of this Code.
(b) The Panel may prepare and file with the State
Superintendent a proposal for emergency financial assistance
for the school district and for its operations budget. No
expenditures shall be authorized by the State Superintendent
until he or she has approved the proposal of the Panel, either
as submitted or in such lesser amount determined by the State
Superintendent.
(c) The amount of an emergency financial assistance loan
that may be allocated to a Panel under this Article, including
(i) moneys necessary for the operations of the Panel and (ii)
borrowing from sources other than the State shall not exceed,
in the aggregate, $4,000 times the number of pupils enrolled in
the district during the school year ending June 30 prior to the
date of approval of the petition for emergency financial
assistance by the State Board. However, this limitation does
not apply to borrowing by the district secured by amounts
levied by the district prior to establishment of the Panel. An
emergency financial assistance grant shall not exceed $1,000
times the number of such pupils. A district may receive both a
loan and a grant.
(d) The payment of a State emergency financial assistance
grant or loan is subject to appropriation by the General
Assembly. State emergency financial assistance allocated and

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paid to a Panel under this Article may be applied to any fund
or funds from which the Panel is authorized to make
expenditures by law.
(e) Any State emergency financial assistance proposed by
the Panel and approved by the State Superintendent may be paid
in its entirety during the initial year of the Panel's
existence or spread in equal or variable amounts over a period
of years not to exceed the period of the Panel's existence. The
State Superintendent shall not approve any loan to the Panel
unless the Panel has been unable to borrow sufficient funds to
operate the district.
(f) All loan payments made from the School District
Emergency Financial Assistance Fund to a Panel shall be
required to be repaid not later than the date the Panel ceases
to exist, with simple interest over the term of the loan at a
rate equal to 50% of the one-year Constant Maturity Treasury
(CMT) yield as last published by the Board of Governors of the
Federal Reserve System before the date on which the Financial
Oversight Panel's loan is approved by the State Superintendent.
(g) The Panel shall establish and the Illinois Finance
Authority shall approve the terms and conditions of the loan,
including the schedule of repayments. The schedule shall
provide for repayments commencing July 1 of each year or upon
each fiscal year's receipt of moneys from a tax levy for
emergency financial assistance. Repayment shall be
incorporated into the annual budget of the district and may be

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made from any fund or funds of the district in which there are
moneys available. Default on repayment is subject to the
Illinois Grant Funds Recovery Act. When moneys are repaid as
provided in this Section, they shall not be made available to
the Panel for further use as emergency financial assistance
under this Article at any time thereafter. All repayments
required to be made by a Panel shall be deposited into the
School District Emergency Financial Assistance Fund.
(h) In establishing the terms and conditions for the
repayment obligation of the Panel, the Panel shall annually
determine whether a separate local property tax levy is
required to meet that obligation. The Financial Oversight Panel
shall provide for a separate tax levy for emergency financial
assistance repayment purposes. This tax levy shall not be
subject to referendum approval. The amount of the levy shall
not exceed the amount necessary to meet the annual emergency
financial repayment obligations of the district, including
principal and interest, as established by the Panel, and shall
not be subject to the provisions of the Property Tax Extension
Limitation Law.
(105 ILCS 5/1H-70 new)
Sec. 1H-70. Power to issue bonds.
(a) The Panel may incur indebtedness by the issuance of
negotiable full faith and credit general obligation bonds of
the Panel in an outstanding amount not to exceed at any time,

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including existing indebtedness, 15% of the district's most
recent equalized assessed valuation, excluding Bonds of the
Panel that have been refunded, for (i) the purpose of providing
the district with moneys for ordinary and necessary
expenditures and other operational needs of the district; (ii)
payment or refunding of outstanding debt obligations or tax
anticipation warrants of the district, the proceeds of which
were used to provide financing for the district; (iii) payment
of fees for arrangements as provided in subsection (b) of
Section 1H-75 of this Code; (iv) payment of interest on Bonds;
(v) establishment of reserves to secure Bonds; (vi) the payment
of costs of issuance of Bonds; (vii) payment of principal of or
interest or redemption premium on any Bonds or notes of the
Panel; and (viii) all other expenditures of the Panel
incidental to and necessary or convenient for carrying out its
corporate purposes and powers.
(b) The Panel may from time to time (i) issue Bonds to
refund any outstanding Bonds or notes of the Panel, whether the
Bonds or notes to be refunded have or have not matured or
become redeemable, and (ii) issue Bonds partly to refund Bonds
or notes then outstanding and partly for any other purpose set
forth in this Section.
(c) Bonds issued in accordance with subsection (a) of this
Section are not subject to any other statutory limitation as to
debt, including without limitation that established by the
Local Government Debt Limitation Act, and may be issued without

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referendum.
(105 ILCS 5/1H-75 new)
Sec. 1H-75. Terms of bonds.
(a) Whenever the Panel desires or is required to issue
Bonds as provided in this Article, it shall adopt a resolution
designating the amount of the Bonds to be issued, the purposes
for which the proceeds of the Bonds are to be used, and the
manner in which the proceeds shall be held pending the
application thereof. The Bonds shall be issued in the corporate
name of the Panel and shall bear such date or dates and shall
mature at such time or times, not exceeding 20 years from their
date, as the resolution may provide. The Bonds may be issued as
serial bonds payable in installments, as term bonds with
sinking fund installments, or as a combination of these as the
Panel may determine in the resolution. The Bonds shall be in
such denominations as the Panel may determine. The Bonds shall
be in such form, carry such registration privileges, be
executed in such manner, be payable at such place or places,
and be subject to such terms of redemption at such redemption
prices, including premium, as the resolution may provide. The
Bonds shall be sold by the Panel at public or private sale, as
determined by the Panel.
(b) In connection with the issuance of its Bonds, the Panel
may enter into arrangements to provide additional security and
liquidity for the Bonds. These may include without limitation

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municipal bond insurance, letters of credit, lines of credit by
which the Panel may borrow funds to pay or redeem its Bonds,
and purchase or remarketing arrangements for ensuring the
ability of owners of the Panel's Bonds to sell their Bonds or
to have their Bonds redeemed. The Panel may enter into
contracts and may agree to pay fees to persons providing the
arrangements, including from Bond proceeds, but only under
circumstances in which the total interest paid or to be paid on
the Bonds, together with the fees for the arrangements (being
treated as if interest), would not, taken together, cause the
Bonds to bear interest, calculated to their absolute maturity,
at a rate in excess of the maximum rate allowed by law.
The resolution of the Panel authorizing the issuance of its
Bonds may provide that interest rates may vary from time to
time depending upon criteria established by the Panel, which
may include without limitation a variation in interest rates as
may be necessary to cause the Bonds to be remarketable from
time to time at a price equal to their principal amount, and
may provide for appointment of a national banking association,
bank, trust company, investment banker, or other financial
institution to serve as a remarketing agent in that connection.
The resolution of the Panel authorizing the issuance of its
Bonds may provide that alternative interest rates or provisions
shall apply during such times as the Bonds are held by a person
providing a letter of credit or other credit enhancement
arrangement for those Bonds.

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(105 ILCS 5/1H-80 new)
Sec. 1H-80. Tax levy.
(a) Before or at the time of issuing any Bonds, the Panel
shall provide by resolution for the levy and collection of a
direct annual tax upon all the taxable property located within
the district, without limit as to rate or amount, sufficient to
pay and discharge the principal thereof at maturity or on
sinking fund installment dates and to pay the interest thereon
as it falls due. The taxes as levied shall also include
additional amounts to the extent that the collections in the
prior years were insufficient to pay and discharge the
principal thereof at maturity, sinking fund installments, if
any, and interest thereon as it fell due, and the amount so
collected shall be placed in the debt service reserve fund. The
tax shall be in addition to and exclusive of the maximum of all
taxes that the Panel or the district is authorized by law to
levy for any and all school purposes. The resolution shall be
in force upon its adoption.
(b) The levy shall be for the sole benefit of the holders
of the Bonds, and the holders of the Bonds shall have a
security interest in and lien upon all rights, claims, and
interests of the Panel arising pursuant to the levy and all
present and future proceeds of the levy until the principal of
and sinking fund installments and interest on the Bonds are
paid in full. All proceeds from the levy shall be deposited by

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each county collector directly into the debt service fund
established pursuant to Section 1H-85 of this Code, shall be
applied solely for the payment of principal of and sinking fund
installments and interest on the Bonds, and shall not be used
for any other purpose.
(c) Upon the filing in the office of the county clerk of
each county where the school district is located of a duly
certified copy of the resolution, it shall be the duty of each
county clerk to extend the tax provided for in the resolution,
including an amount determined by the Panel to cover loss and
cost of collection and also deferred collections and abatements
in the amount of the taxes as extended on the collectors'
books. The tax shall be separate and apart from all other taxes
of the Panel or the district and shall be separately identified
by the collectors.
(105 ILCS 5/1H-85 new)
Sec. 1H-85. Debt service fund. The Panel shall establish a
debt service fund for the Bonds, to be maintained by a paying
agent, escrow agent, depository, or corporate trustee, which
may be any trust company or bank having the power of a trust
company within this State, separate and segregated from all
other funds and accounts of the Panel and the district. All
moneys on deposit in the debt service fund shall be held in
trust in the debt service fund for the benefit of the holders
of the Bonds, shall be applied solely for the payment of the

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principal of and sinking fund installment, redemption premium,
if any, and interest on the Bonds, and shall not be used for
any other purpose. The holders of the Bonds shall have a
security interest in and lien upon all such moneys.
(105 ILCS 5/1H-90 new)
Sec. 1H-90. Debt service reserve fund.
(a) The Panel may create and establish a debt service
reserve fund to be maintained by a paying agent, escrow agent,
depository, or corporate trustee, which may be any trust
company or bank having the power of a trust company within the
State, separate and segregated from all other funds and
accounts of the Panel. The Panel may pay the following into the
debt service reserve fund:
(1) any proceeds from the sale of Bonds to the extent
provided in the resolution authorizing the issuance of the
Bonds; and
(2) any other moneys that may be available to the Panel
for the purpose of the fund.
(b) The amount to be accumulated in the debt service
reserve fund shall be determined by the Panel, but shall not
exceed the maximum amount of interest, principal, and sinking
fund installments due in any succeeding calendar year.
(c) All moneys on deposit in the debt service reserve fund
shall be held in trust for the benefit of the holders of the
Bonds, shall be applied solely for the payment of principal of

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and sinking fund installments and interest on the Bonds to the
extent not paid from the debt service fund, and shall not be
used for any other purpose.
(d) Any moneys in the debt service reserve fund in excess
of the amount determined by the Panel pursuant to a resolution
authorizing the issuance of Bonds may be withdrawn by the Panel
and used for any of its lawful purposes.
(e) In computing the amount of the debt service reserve
fund, investments shall be valued as the Panel provides in the
resolution authorizing the issuance of the Bonds.
(105 ILCS 5/1H-95 new)
Sec. 1H-95. Bond anticipation notes.
(a) After the issuance of Bonds has been authorized, the
Panel shall have power to issue from time to time, pursuant to
a resolution or resolutions of the Panel, negotiable bond
anticipation notes of the Panel in anticipation of the issuance
of Bonds.
(b) Bond anticipation notes shall mature not later than 2
years after the date of issuance, may be made redeemable prior
to their maturity, and may be sold in such manner, in such
denominations, and at such price or prices and shall bear
interest at such rate or rates not to exceed the maximum annual
rate authorized by law as a resolution authorizing the issuance
of the bond anticipation notes may provide.
(c) The bond anticipation notes may be made payable as to

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both principal and interest from the proceeds of the Bonds. The
Panel may provide for payment of interest on the bond
anticipation notes from direct annual taxes upon all of the
taxable property located within the district that are
authorized to be levied annually for that purpose, without
limit as to rate or amount, sufficient to pay the interest as
it falls due, in the manner, subject to the security interest
and lien, and with the effect provided in Section 1H-80 of this
Code.
(d) The Panel is authorized to issue renewal notes in the
event it is unable to issue Bonds to pay outstanding bond
anticipation notes, on terms the Panel deems reasonable.
(e) A debt service fund shall be established in the manner
provided in Section 1H-85 of this Code by the Panel for the
bond anticipation notes, and the proceeds of any tax levy made
pursuant to this Section shall be deposited into the fund upon
receipt.
(105 ILCS 5/1H-100 new)
Sec. 1H-100. 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
such rights, powers, and duties in trust as the Panel may
determine and may contain such provisions for protecting and
enforcing the rights and remedies of the holders of the Bonds
and limiting such rights and remedies as may be reasonable and

SB2149 - 32 - LRB097 10095 NHT 50275 b
proper and not in violation of law, including covenants setting
forth the duties of the Panel in relation to the exercise of
its corporate powers and the custody, safeguarding, and
application of all moneys. The resolution shall provide for the
manner in which moneys in the various funds and accounts of the
Panel may be invested and the disposition of the earnings on
the investments.
(105 ILCS 5/1H-105 new)
Sec. 1H-105. Discharge of bonds.
(a) If the Panel pays or causes to be paid to the holders
of all Bonds then outstanding the principal, redemption price,
if any, and interest to become due on the Bonds, at the times
and in the manner stipulated therein and in the resolution
authorizing the issuance of the Bonds, then the covenants,
agreements, and other obligations of the Panel to the
Bondholders shall be discharged and satisfied.
(b) Bonds or interest installments for the payment or
redemption of which moneys have been set aside and held in
trust by the trustee or other authorized agent provided for in
Section 1H-100 of this Code, through deposit by the Panel of
funds for the payment, redemption, or otherwise, at the
maturity or redemption date, are deemed to have been paid
within the meaning and with the effect expressed in subsection
(a) of this Section. All outstanding Bonds of any series, prior
to the maturity or redemption date, are deemed to have been

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paid within the meaning and with the effect expressed in
subsection (a) of this Section if (1) there has been deposited
with the trustee or other authorized agent either (A) moneys in
an amount that is sufficient or (B) direct obligations of the
United States of America the principal of and the interest on
which, when due, will provide moneys that, together with the
moneys, if any, deposited with the trustee or other authorized
agent at the same time, are sufficient to pay, when due, the
principal, sinking fund installment, or redemption price, if
applicable, of and interest due and to become due on the Bonds
on and prior to the redemption date, sinking fund installment
date, or maturity date, as the case may be, and (2) the Panel
has given the trustee or other authorized agent, in form
satisfactory to it, irrevocable instructions to give notice to
the effect and in accordance with the procedures provided in
the resolution authorizing the issuance of the Bonds. Neither
direct obligations of the United States of America, moneys
deposited with the trustee or other authorized agent, or
principal or interest payments on the securities shall be
withdrawn or used for any purpose other than, and shall be held
in trust for, the payment of the principal or redemption price,
if applicable, and interest on the Bonds.
(105 ILCS 5/1H-110 new)
Sec. 1H-110. Pledge of the State. The State of Illinois
pledges to and agrees with the holders of Bonds that the State

SB2149 - 34 - LRB097 10095 NHT 50275 b
will not limit or alter the rights and powers vested in the
Panel by this Article with respect to the issuance of
obligations so as to impair the terms of any contract made by
the Panel with these holders or in any way impair the rights
and remedies of these holders until the Bonds, together with
interest on the Bonds, interest on any unpaid installments of
interest, and all costs and expenses in connection with any
action or proceedings by or on behalf of these holders, are
fully met and discharged or provisions made for their payment.
The Panel is authorized to include this pledge and agreement of
the State in any resolution or contract with the holders of
Bonds.
(105 ILCS 5/1H-115 new)
Sec. 1H-115. 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
Article are valid and binding from the time the Bonds are
issued, without any physical delivery or further act, and are
valid and binding as against and prior to any claims of all
other parties having claims of any kind in tort, contract, or
otherwise against the State, the Panel, the district, or any
other person, irrespective of whether the other parties have
notice.
(105 ILCS 5/1H-120 new)

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Sec. 1H-120. 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
subdivision of the State or district other than the Panel or
(ii) a pledge of the full faith and credit of the State, the
district, or any political subdivision of the State or district
other than the Panel but shall be payable solely from the funds
and revenues provided for in this Article. The issuance of
obligations shall not directly, indirectly, or contingently
obligate the State, the district, or any political subdivision
of the State or district other than the Panel to levy any form
of taxation therefor or to make any appropriation for their
payment. Nothing in this Section shall prevent or be construed
to prevent the Panel from pledging its full faith and credit to
the payment of obligations. Nothing in this Article shall be
construed to authorize the Panel to create a debt of the State
or the district within the meaning of the Constitution or laws
of Illinois, and all obligations issued by the Panel pursuant
to the provisions of this Article are payable and shall state
that they are payable solely from the funds and revenues
pledged for their payment in accordance with the resolution
authorizing their issuance or any trust indenture executed as
security therefor. The State or the district shall not in any
event be liable for the payment of the principal of or interest
on any obligations of the Panel or for the performance of any
pledge, obligation, or agreement of any kind whatsoever that

SB2149 - 36 - LRB097 10095 NHT 50275 b
may be undertaken by the Panel. No breach of any such pledge,
obligation, or agreement may impose any liability upon the
State or the district or any charge upon their general credit
or against their taxing power.
(105 ILCS 5/1H-125 new)
Sec. 1H-125. 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 State, all political subdivisions of this State, all
persons carrying on an insurance business, all banks, bankers,
trust companies, savings banks, and savings associations
(including savings and loan associations, building and loan
associations, investment companies, and other persons carrying
on a banking business), and all credit unions, pension funds,
administrators, and guardians who are or may be authorized to
invest in bonds or in other obligations of the State may
properly and legally invest funds, including capital, in their
control or belonging to them. The obligations are also hereby
made securities that may be deposited with and may be received
by all public officers and bodies of the State, all political
subdivisions of the State, and public corporations for any
purpose for which the deposit of bonds or other obligations of
the State is authorized.
(105 ILCS 5/1H-130 new)

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Sec. 1H-130. 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 provided in this Article.
(105 ILCS 5/1H-135 new)
Sec. 1H-135. Tax anticipation warrants. A Panel shall have
the same power to issue tax anticipation warrants as a school
board under Section 17-16 of this Code. Tax anticipation
warrants are considered borrowing from sources other than the
State and are subject to Section 1H-65 of this Code.
(105 ILCS 5/1H-140 new)
Sec. 1H-140. Reports.
(a) The Panel, upon taking office and annually thereafter,
shall prepare and submit to the Governor, General Assembly, and
State Superintendent a report that includes the audited
financial statement for the preceding fiscal year, an approved
financial plan, and a statement of the major steps necessary to
accomplish the objectives of the financial plan.
(b) Annual reports must be submitted on or before March 1
of each year.
(c) The requirement for reporting to the General Assembly
shall be satisfied by filing copies of the report as provided
in Section 3.1 of the General Assembly Organization Act and by
filing additional copies with the State Government Report

SB2149 - 38 - LRB097 10095 NHT 50275 b
Distribution Center for the General Assembly as required under
subdivision (t) of Section 7 of the State Library Act.
(105 ILCS 5/1H-145 new)
Sec. 1H-145. Audit of Panel. The State Superintendent may
require a separate audit of the Panel, otherwise the activities
of the Panel must be included in the scope of the audit of the
school district. A copy of the audit report covering the Panel
must be submitted to the State Superintendent.
(105 ILCS 5/1H-150 new)
Sec. 1H-150. 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 agency, unit of local government, or school
district may, within its lawful powers and duties, render such
services to the Panel as may be requested by the Panel. Upon
request of the Panel, any State agency, unit of local
government, or school district is authorized and empowered to
loan to the Panel such officers and employees as the Panel may
deem necessary in carrying out its functions and duties.
Officers and employees so transferred shall not lose or forfeit
their employment status or rights.
(105 ILCS 5/1H-155 new)

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Sec. 1H-155. Property of Panel exempt from taxation. The
property of the Panel is exempt from taxation.
(105 ILCS 5/1H-160 new)
Sec. 1H-160. 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 liability is in
excess of the amount authorized for that purpose then available
under the financial plan and budget then in effect.
(b) No member, officer, employee, or agent of the district
may commit the district to any contract or other obligation on
behalf of the district for the payment of money for any purpose
required to be approved by the Panel unless the contract or
other obligation has been approved by the Panel.
(c) No member, officer, employee, or agent of the district
may take any action in violation of any valid order of the
Panel, may fail or refuse to take any action required by any
such order, may prepare, present, certify, or report any
information, including any projections or estimates, for the
Panel or any of its agents that is false or misleading, or,
upon learning that any such information is false or misleading,
may fail promptly to advise the Panel or its agents.
(d) In addition to any penalty or liability under any other
law, any member, officer, employee, or agent of the district

SB2149 - 40 - LRB097 10095 NHT 50275 b
who violates subsection (a), (b), or (c) of this Section is
subject to appropriate administrative discipline as may be
imposed by the Panel, including, if warranted, suspension from
duty without pay, removal from office, or termination of
employment.
(105 ILCS 5/1H-165 new)
Sec. 1H-165. Abolition of Panel. The Panel shall be
abolished 10 years after its creation or one year after all its
obligations issued under the provisions of this Article have
been fully paid and discharged, whichever comes later. However,
the State Board, upon recommendation of the Panel and if no
obligations are outstanding, may abolish the Panel at any time
after the Panel has been in existence for 3 years. Upon the
abolition of the Panel, all of its records shall be transferred
to the State Board and any property of the Panel shall pass to
and be vested in the State Board.
(105 ILCS 5/1H-170 new)
Sec. 1H-170. Limitations of actions after abolition;
indemnification; legal representation.
(a) Abolition of the Panel pursuant to Section 1H-165 of
this Code shall bar any remedy available against the Panel, its
members, employees, or agents for any right or claim existing
or any liability incurred prior to the abolition, unless the
action or other proceeding is commenced prior to the expiration

SB2149 - 41 - LRB097 10095 NHT 50275 b
of 2 years after the date of the abolition.
(b) 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 action, suit, or
proceeding, whether civil, criminal, administrative, or
investigative, by reason of the fact that he or she was a
member, officer, employee, or agent of the Panel, against
expenses (including attorney's fees, judgments, fines, and
amounts paid in settlement actually and reasonably incurred by
him or her in connection with the action, suit, or proceeding)
if he or she acted in good faith and in a manner that he or she
reasonably believed to be in or not opposed to the best
interests of the Panel and, with respect to any criminal action
or proceeding, had no reasonable cause to believe his or her
conduct was unlawful. The termination of any action, suit, or
proceeding by judgment, order, settlement, or conviction or
upon a plea of nolo contendere or its equivalent, shall not, of
itself, create a presumption that the person did not act in
good faith in a manner that he or she reasonably believed to be
in or not opposed to the best interests of the Panel and, with
respect to any criminal action or proceeding, had reasonable
cause to believe that his or her conduct was unlawful.
To the extent that a member, officer, employee, or agent of
the Panel has been successful, on the merits or otherwise, in
the defense of any such action, suit, or proceeding referred to
in this subsection (b) or in defense of any claim, issue, or

SB2149 - 42 - LRB097 10095 NHT 50275 b
matter therein, he or she shall be indemnified against
expenses, including attorney's fees, actually and reasonably
incurred by him or her in connection therewith. Any such
indemnification shall be made by the Panel only as authorized
in the specific case, upon a determination that indemnification
of the member, officer, employee, or agent is proper in the
circumstances because he or she has met the applicable standard
of conduct. The determination shall be made (i) by the Panel by
a majority vote of a quorum consisting of members who are not
parties to the action, suit, or proceeding or (ii) if such a
quorum is not obtainable or, even if obtainable, a quorum of
disinterested members so directs, by independent legal counsel
in a written opinion.
Reasonable expenses incurred in defending an action, suit,
or proceeding shall be paid by the Panel in advance of the
final disposition of the action, suit, or proceeding, as
authorized by the Panel in the specific case, upon receipt of
an undertaking by or on behalf of the member, officer,
employee, or agent to repay the amount, unless it is ultimately
determined that he or she is entitled to be indemnified by the
Panel as authorized in this Section.
Any member, officer, employee, or agent against whom any
action, suit, or proceeding is brought may employ his or her
own attorney to appear on his or her behalf.
The right to indemnification accorded by this Section shall
not limit any other right to indemnification to which the

SB2149 - 43 - LRB097 10095 NHT 50275 b
member, officer, employee, or agent may be entitled. Any rights
under this Section shall inure to the benefit of the heirs,
executors, and administrators of any member, officer,
employee, or agent of the Panel.
The Panel may purchase and maintain insurance on behalf of
any person who is or was a member, officer, employee, or agent
of the Panel against any liability asserted against him or her
and incurred by him or her in any such capacity or arising out
of his or her status as such, whether or not the Panel would
have the power to indemnify him or her against liability under
the provisions of this Section.
The Panel shall be considered a State agency for purposes
of receiving representation by the Attorney General. Members,
officers, employees, and agents of the Panel shall be entitled
to representation and indemnification under the State Employee
Indemnification Act.
Section 99. Effective date. This Act takes effect July 1,
2011.
SB2149 - 44 - LRB097 10095 NHT 50275 b
INDEX
Statutes amended in order of appearance
35 ILCS 200/18-50.1
35 ILCS 200/18-92
35 ILCS 200/18-241
105 ILCS 5/1B-8 from Ch. 122, par. 1B-8
105 ILCS 5/Art. 1H heading
new
105 ILCS 5/1H-1 new
105 ILCS 5/1H-5 new
105 ILCS 5/1H-10 new
105 ILCS 5/1H-15 new
105 ILCS 5/1H-20 new
105 ILCS 5/1H-25 new
105 ILCS 5/1H-30 new
105 ILCS 5/1H-35 new
105 ILCS 5/1H-40 new
105 ILCS 5/1H-41 new
105 ILCS 5/1H-42 new
105 ILCS 5/1H-45 new
105 ILCS 5/1H-50 new
105 ILCS 5/1H-55 new
105 ILCS 5/1H-60 new
105 ILCS 5/1H-65 new
105 ILCS 5/1H-70 new
SB2149 - 45 - LRB097 10095 NHT 50275 b