Bill

Bill > HB4375


IL HB4375

IL HB4375
SCH CD-INTERFUND TRANSFERS


summary

Introduced
01/12/2026
In Committee
02/25/2026
Crossed Over
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 certain funds for any purpose. Previously, this authority was set to expire on June 30, 2026, but this legislation pushes that deadline to June 30, 2029. The School Code, which governs public education in Illinois, allows school boards to move funds between accounts like the Educational Fund, Operations and Maintenance Fund, and Transportation Fund under specific conditions, including public hearings and proper notice. This bill specifically amends Section 17-2A of the School Code, which outlines these interfund transfer provisions, by changing the end date for this extended transfer period. The bill takes effect immediately upon becoming law.

Committee Categories

Education

Sponsors (1)

Last Action

Do Pass / Short Debate Elementary & Secondary Education: Administration, Licensing & Charter Schools; 009-000-000 (on 02/25/2026)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...