Illinois Code § 105 ILCS 5/10-22.33

Interfund loans.
Open in Lexace · Ask the AI about this section
To authorize the treasurer to make interfund
loans from (1) the operations and maintenance fund to the educational fund or
fire prevention and safety fund, or (2) from the educational fund to the
operations and maintenance fund or fire prevention and safety fund, or (3) from
the operations and maintenance or educational fund to the transportation fund,
or (4) from the transportation fund to the operations and maintenance,
educational, or fire prevention and safety fund and to make the necessary
transfers on his books, but such loans shall be repaid and retransferred to the
proper fund within 3 years. In case such repayment is not made within 3 years
the regional superintendent shall withhold further payments on claims
authorized by Article 18 of this Act until repayment is made.

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.