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Bill > HB4375


IL HB4375

IL HB4375
SCH CD-INTERFUND TRANSFERS


summary

Introduced
01/12/2026
In Committee
04/22/2026
Crossed Over
04/08/2026
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the School Code. Extends 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. Effective immediately.

AI Summary

This bill extends the timeframe during which school districts, excluding the Chicago school district, can transfer money between different funds for any purpose. Previously, this ability was set to expire on June 30, 2026, but this legislation pushes that deadline to June 30, 2029, allowing these districts more flexibility in managing their finances for an additional three years. The bill takes effect immediately upon becoming law.

Committee Categories

Education

Sponsors (2)

Last Action

Senate Education Committee Hearing (14:00:00 4/28/2026 Room 212) (on 04/28/2026)

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