Illinois Compiled Statutes 105 ILCS 5/1H-65 – School district emergency financial assistance; grants and loans
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Terms Used In Illinois Compiled Statutes 105 ILCS 5/1H-65
- Budget: means the annual budget of the district required under Section 17-1 of this Code, as in effect from time to time. See Illinois Compiled Statutes 105 ILCS 5/1H-10
- 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. See Illinois Compiled Statutes 105 ILCS 5/1H-10
- Panel: means a Financial Oversight Panel created under this Article. See Illinois Compiled Statutes 105 ILCS 5/1H-10
- State Superintendent: means the State Superintendent of Education. See Illinois Compiled Statutes 105 ILCS 5/1H-10
The Panel may prepare and file with the State Superintendent a proposal for emergency financial assistance for the school district and for the operations budget of the Panel, in accordance with Section 1B-8 of this Code. A school district may receive both a loan and a grant.