Districts Law and Financial Oversight Panel Law. (a) The provisions of the Truth in Taxation Law are subject to the Downstate School Finance Authority for Elementary Districts Law. (b) A Financial Oversight Panel created under Article 1H of the School Code is subject to the provisions of the Truth in Taxation Law with respect to tax levies filed by it on behalf of a school district, as well as with respect to any tax levies it may file on its own behalf.
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