CHICAGO — Legislation aimed at shoring up Illinois school districts’ ability to tap working-cash bond proceeds for some construction projects or to cope with delayed state school aid payments without the fear of costly challenges to the long-standing practice is headed to Gov. Pat Quinn’s desk.
The Senate approved the bill late last week. The House had previously approved the bill, which amends working-cash fund rules under Article 20 of the Illinois School Code. The intent of the measure is to clarify existing law and the procedures that districts have employed for decades so they don’t have to spend money defending themselves against repeated tax objections, according to its authors.