Public Act 099-0691
 
SB2155 EnrolledLRB099 12974 SXM 36979 b


  
    AN ACT concerning finance.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  


 
    Section 5. The Public Community College Act is amended  by 
changing Section 2-15 as follows:
 



    (110 ILCS 805/2-15)  (from Ch. 122, par. 102-15)



    Sec. 2-15. Recognition. The State Board shall grant 
recognition to
community colleges which
maintain equipment, 
courses of study, standards of scholarship and other

requirements set by the State Board. Application for 
recognition shall be
made to the State Board. The State Board 
shall set the criteria by which
the community colleges shall be 
judged and through the executive officer of
the State Board 
shall arrange for an official evaluation of the community

colleges and shall grant recognition of such community colleges 
as may meet
the required standards.

    Recognition shall include a review of compliance with 
Public Act 99-482 and other applicable State and federal laws 
regarding employment contracts and compensation. Annually, the 
State Board shall convene an advisory committee to review the 
findings and make recommendations for changes or additions to 
the laws or the review procedures. 
    If a community college district fails to meet the 
recognition standards
set by the State Board, and if the 
district, in accordance with: (a) Government
Auditing 
Standards issued by the
Comptroller General of the United 
States, (b) auditing standards established by
the American 
Institute of Certified Public Accountants, or (c) other 
applicable
State and federal standards, is found by the 
district's auditor or the State
Board working in cooperation 
with the district's auditor to have material
deficiencies in 
the
design or operation of financial control structures that

could adversely affect the district's financial integrity and 
stability, or is
found to have misused State or federal funds 
and jeopardized
its participation in State or federal programs, 
the State Board may,
notwithstanding any laws to the contrary, 
implement one or more of the
following emergency powers:

    (1) To direct the district to develop and implement a plan 
that addresses
the budgetary, programmatic, and other relevant 
factors contributing to the
need to implement emergency 
measures.  The State Board shall assist in the
development and 
shall have final approval of the plan.

    (2) To direct the district to contract for educational 
services in
accordance with Section 3-40.  The State Board shall 
assist in the development
and shall have final approval of any 
such contractual agreements.

    (3) To approve and require revisions of the district's 
budget.

    (4) To appoint a Financial Administrator to exercise 
oversight and control
over the district's budget.  The Financial 
Administrator shall serve at the
pleasure of the State Board 
and may be an individual, partnership, corporation,
including 
an accounting firm, or other entity determined by the State 
Board to
be qualified to serve, and shall be entitled to 
compensation.  Such
compensation shall be provided through 
specific appropriations made to the
State Board for that 
express purpose.

    (5) To develop and implement a plan providing for the 
dissolution or
reorganization of the district if in the 
judgment judgement of the State Board the
circumstances so 
require.

(Source: P.A. 89-147, eff. 7-14-95.)