Fabio
119 lines
8.1 KiB
Markdown
119 lines
8.1 KiB
Markdown
---
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type: "Bill"
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title: "SCH CD-CASH AND FUNDS"
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description: "Amends the School Code. In provisions concerning custody of school funds, provides that each school district and school board must submit a quarterly report to the State Board of Education that contains information regarding (1) the amount of funds that each school district has in its reserves, (2) the amount of funds that each school district has in its investments, and (3) the number of days that each school district has cash on hand. Requires each school district and school board to publish and maintain the information in each quarterly report on its Internet website. Provides that any school district or school board reporting more than 250 days cash on hand shall spend any excess cash on hand funds beyond the 250 days on educational services, including hiring teachers, paraprofessionals, nurses, librarians, social workers, counselors, or psychologists. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "103rd"
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identifier: "SB 1994"
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citation: "Illinois SB 1994 (103rd)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Lance Yednock", "Meg Loughran Cappel"]
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version_count: 6
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action_count: 49
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vote_count: 7
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first_action: "2023-02-09"
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last_action: "2023-07-28"
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source: "openstates"
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source_identifier: "ocd-bill/a9e4c2ef-e01e-4a2f-9189-902451823482"
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source_url: "https://beta.ilga.gov/Legislation/BillStatus?DocNum=1994&GAID=17&DocTypeID=SB&LegId=146857&SessionID=112"
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source_hash: "93b88e9acc551561044da0679910f13df83d153d735e4e0868ecbc889aa6301a"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-il"]
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---
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# Illinois SB 1994 (103rd) — SCH CD-CASH AND FUNDS
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Amends the School Code. In provisions concerning custody of school funds, provides that each school district and school board must submit a quarterly report to the State Board of Education that contains information regarding (1) the amount of funds that each school district has in its reserves, (2) the amount of funds that each school district has in its investments, and (3) the number of days that each school district has cash on hand. Requires each school district and school board to publish and maintain the information in each quarterly report on its Internet website. Provides that any school district or school board reporting more than 250 days cash on hand shall spend any excess cash on hand funds beyond the 250 days on educational services, including hiring teachers, paraprofessionals, nurses, librarians, social workers, counselors, or psychologists. Effective immediately.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Introduced** (filed) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB1994.pdf)
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2. **Engrossed** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB1994eng.pdf)
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3. **House Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB1994ham001.pdf)
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4. **Senate Amendment 001** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB1994sam001.pdf)
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5. **Senate Amendment 002** (committee substitute) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB1994sam002.pdf)
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6. **Enrolled** (enrolled) — [source](https://beta.ilga.gov/documents/legislation/103/SB/PDF/10300SB1994enr.pdf)
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## Votes
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- Third Reading — **113–0** (pass) · lower
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- Elem Sec Ed: Adm., Lic. & Charter — **9–0** (pass) · lower
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- Third Reading — **55–0** (pass) · lower
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- Education, Amendment 2 — **10–1** (pass) · lower
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- Concurrence — **57–0** (pass) · lower
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- Education — **10–0** (pass) · lower
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- Education — **12–0** (pass) · lower
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## Sponsors
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- Lance Yednock — primary (person)
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- Meg Loughran Cappel — primary (person)
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- Natalie A. Manley — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-02-09** Filed with Secretary by Sen. Meg Loughran Cappel `filing`
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- **2023-02-09** First Reading `reading-1`
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- **2023-02-09** Referred to Assignments
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- **2023-02-21** Assigned to Education `referral-committee`
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- **2023-03-08** Do Pass Education; 010-000-000
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- **2023-03-08** Placed on Calendar Order of 2nd Reading March 9, 2023 `reading-2`
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- **2023-03-21** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Meg Loughran Cappel `amendment-introduction`
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- **2023-03-21** Senate Floor Amendment No. 1 Referred to Assignments
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- **2023-03-28** Senate Floor Amendment No. 2 Filed with Secretary by Sen. Meg Loughran Cappel `amendment-introduction`
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- **2023-03-28** Senate Floor Amendment No. 2 Referred to Assignments
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- **2023-03-28** Second Reading `reading-2`
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- **2023-03-28** Placed on Calendar Order of 3rd Reading March 29, 2023
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- **2023-03-28** Senate Floor Amendment No. 1 Assignments Refers to Education
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- **2023-03-28** Senate Floor Amendment No. 2 Assignments Refers to Education
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- **2023-03-29** Senate Floor Amendment No. 1 Postponed - Education
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- **2023-03-29** Senate Floor Amendment No. 2 Recommend Do Adopt Education; 010-001-002
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- **2023-03-30** Recalled to Second Reading `reading-2`
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- **2023-03-30** Senate Floor Amendment No. 2 Adopted; Loughran-Cappel `amendment-passage`
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- **2023-03-30** Placed on Calendar Order of 3rd Reading
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- **2023-03-30** Third Reading - Passed; 055-000-000 `passage, reading-3`
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- **2023-03-30** Senate Floor Amendment No. 1 Tabled Pursuant to Rule 5-4(a) `amendment-failure`
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- **2023-03-31** Arrived in House `introduction`
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- **2023-03-31** Chief House Sponsor Rep. Lance Yednock
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- **2023-04-11** First Reading `reading-1`
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- **2023-04-11** Referred to Rules Committee
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- **2023-04-18** Assigned to Elementary & Secondary Education: Administration, Licensing & Charter Schools `referral-committee`
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- **2023-04-19** House Committee Amendment No. 1 Filed with Clerk by Rep. Lance Yednock `amendment-introduction`
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- **2023-04-19** House Committee Amendment No. 1 Referred to Rules Committee
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- **2023-04-25** House Committee Amendment No. 1 Rules Refers to Elementary & Secondary Education: Administration, Licensing & Charter Schools
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- **2023-04-26** House Committee Amendment No. 1 Adopted in Elementary & Secondary Education: Administration, Licensing & Charter Schools; by Voice Vote `amendment-passage`
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- **2023-04-26** Do Pass as Amended / Short Debate Elementary & Secondary Education: Administration, Licensing & Charter Schools; 009-000-000
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- **2023-04-27** Placed on Calendar 2nd Reading - Short Debate `reading-2`
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- **2023-04-27** Added Alternate Chief Co-Sponsor Rep. Natalie A. Manley
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- **2023-05-04** Second Reading - Short Debate `reading-2`
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- **2023-05-04** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2023-05-10** Third Reading - Short Debate - Passed 113-000-000 `passage, reading-3`
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- **2023-05-11** Secretary's Desk - Concurrence House Amendment(s) 1
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- **2023-05-11** Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 15, 2023
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- **2023-05-16** House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Meg Loughran Cappel `filing`
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- **2023-05-16** House Committee Amendment No. 1 Motion to Concur Referred to Assignments
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- **2023-05-16** House Committee Amendment No. 1 Motion to Concur Assignments Referred to Education
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- **2023-05-16** House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Education; 012-000-000
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- **2023-05-19** House Committee Amendment No. 1 Senate Concurs 057-000-000
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- **2023-05-19** Senate Concurs
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- **2023-05-19** Passed Both Houses
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- **2023-06-16** Sent to the Governor `executive-receipt`
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- **2023-07-28** Governor Approved `executive-signature`
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- **2023-07-28** Effective Date July 28, 2023
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- **2023-07-28** Public Act . . . . . . . . . 103-0394 `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a9e4c2ef-e01e-4a2f-9189-902451823482`. Confidence: reported (aggregated from official Illinois legislature records).
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