Extends the period for school districts to transfer funds from specified accounts to the Operations and Maintenance Fund.
Illinois HB4375 amends the School Code to extend the time period during which a school district other than the Chicago school district may transfer moneys from specified funds for any purpose from June 30, 2026 to June 30, 2029. This extension allows for the transfer of funds from the Educational Fund, Operations and Maintenance Fund, Transportation Fund, and Tort Immunity Fund to the Operations and Maintenance Fund. The bill also specifies that these transfers must be made following a public hearing and proper resolution by the school board.
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