Illinois Compiled Statutes 105 ILCS 5/1C-1 – Purpose
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The purpose of this Article is to permit greater flexibility and efficiency in the distribution and use of certain State funds available to local education agencies for the improvement of the quality of educational services pursuant to locally established priorities.
Through fiscal year 2017, this Article does not apply to school districts having a population in excess of 500,000 inhabitants.
Through fiscal year 2017, this Article does not apply to school districts having a population in excess of 500,000 inhabitants.
Terms Used In Illinois Compiled Statutes 105 ILCS 5/1C-1
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14