Fabio
125 lines
9.6 KiB
Markdown
125 lines
9.6 KiB
Markdown
---
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type: "Bill"
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title: "SCH CD-DISTRICT FINANCIAL INFO"
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description: "Creates the Financial Oversight Panel Law of the School Code. Allows a school district (other than the Chicago school district) to petition the State Board of Education for the establishment of a Financial Oversight Panel for the district. Allows the State Board to establish a Financial Oversight Panel without a petition from a district. Contains provisions concerning duties of the district; members and meetings of a Panel; powers of a Panel; officers of a Panel; collective bargaining agreements; deposits and investments; cash and bank accounts; the financial, management, and budgetary structure; the School District Emergency Financial Assistance Fund; grants and loans; the issuance of bonds; a tax levy; a debt service fund; a debt service reserve fund; bond anticipation notes; tax anticipation warrants and other certificates and notes; reports; a Panel audit; Panel property being exempt from taxation; sanctions; and abolition of a Panel. Makes related changes in the School Code, the Property Tax Code, and the Illinois Pension Code. Further amends the School Code with respect to districts in financial difficulty, the custody of school funds, bank reconciliation reports, and deficit reduction plans. Effective immediately."
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jurisdiction: "us/states/il"
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legislature: "Illinois General Assembly"
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session: "96th"
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identifier: "SB 3681"
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citation: "Illinois SB 3681 (96th)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: []
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version_count: 3
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action_count: 61
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vote_count: 4
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first_action: "2010-02-11"
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last_action: "2010-08-03"
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source: "openstates"
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source_identifier: "ocd-bill/ae6b643c-cc30-431a-a688-cf02e8233bca"
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source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=3681&GAID=10&DocTypeID=SB&LegId=51869&SessionID=76&GA=96"
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source_hash: "7b225da16799680899a9e9994843a14827e1dedb28eaf4756f5875ef31d8f525"
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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 3681 (96th) — SCH CD-DISTRICT FINANCIAL INFO
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Creates the Financial Oversight Panel Law of the School Code. Allows a school district (other than the Chicago school district) to petition the State Board of Education for the establishment of a Financial Oversight Panel for the district. Allows the State Board to establish a Financial Oversight Panel without a petition from a district. Contains provisions concerning duties of the district; members and meetings of a Panel; powers of a Panel; officers of a Panel; collective bargaining agreements; deposits and investments; cash and bank accounts; the financial, management, and budgetary structure; the School District Emergency Financial Assistance Fund; grants and loans; the issuance of bonds; a tax levy; a debt service fund; a debt service reserve fund; bond anticipation notes; tax anticipation warrants and other certificates and notes; reports; a Panel audit; Panel property being exempt from taxation; sanctions; and abolition of a Panel. Makes related changes in the School Code, the Property Tax Code, and the Illinois Pension Code. Further amends the School Code with respect to districts in financial difficulty, the custody of school funds, bank reconciliation reports, and deficit reduction plans. 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](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB3681&GA=96&SessionId=76&DocTypeId=SB&LegID=51869&DocNum=3681&GAID=10&Session=&print=true)
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2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB3681eng&GA=96&SessionId=76&DocTypeId=SB&LegID=51869&DocNum=3681&GAID=10&Session=&print=true)
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3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600SB3681enr&GA=96&SessionId=76&DocTypeId=SB&LegID=51869&DocNum=3681&GAID=10&Session=&print=true)
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## Votes
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- Third Reading — **118–0** (pass) · lower
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- Concurrence, Amendment 1 — **38–17** (pass) · upper
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- Third Reading — **56–0** (pass) · upper
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- Concurrence, Amendment 2 — **38–17** (pass) · upper
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## Sponsors
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- Jerry L. Mitchell — cosponsor (person)
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- Kimberly A. Lightford — primary (person)
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- William B. Black — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2010-02-11** Filed with Secretary by Sen. Deanna Demuzio `filing`
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- **2010-02-11** First Reading `reading-1`
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- **2010-02-11** Referred to Assignments `referral-committee`
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- **2010-02-23** Chief Sponsor Changed to Sen. Kimberly A. Lightford
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- **2010-02-24** Assigned to Education `referral-committee`
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- **2010-03-02** Senate Committee Amendment No. 1 Filed with Secretary by Sen. Kimberly A. Lightford `amendment-introduction`
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- **2010-03-02** Senate Committee Amendment No. 1 Referred to Assignments `referral-committee`
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- **2010-03-02** Senate Committee Amendment No. 1 Assignments Refers to Education
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- **2010-03-02** Senate Committee Amendment No. 1 Adopted `amendment-passage`
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- **2010-03-03** Do Pass as Amended Education; 010-000-000 `committee-passage`
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- **2010-03-03** Placed on Calendar Order of 2nd Reading March 4, 2010
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- **2010-03-10** Second Reading `reading-2`
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- **2010-03-10** Placed on Calendar Order of 3rd Reading March 11, 2010
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- **2010-03-17** Third Reading - Passed; 056-000-000 `reading-3, passage`
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- **2010-03-18** Arrived in House `introduction`
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- **2010-03-18** Chief House Sponsor Rep. Roger L. Eddy
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- **2010-03-18** Placed on Calendar Order of First Reading `reading-1`
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- **2010-03-18** First Reading `reading-1`
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- **2010-03-18** Referred to Rules Committee `referral-committee`
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- **2010-04-08** Assigned to Elementary & Secondary Education Committee `referral-committee`
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- **2010-04-13** Added Alternate Co-Sponsor Rep. William B. Black
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- **2010-04-14** Do Pass / Short Debate Elementary & Secondary Education Committee; 014-000-000 `committee-passage`
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- **2010-04-14** Placed on Calendar 2nd Reading - Short Debate
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- **2010-04-28** Second Reading - Short Debate `reading-2`
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- **2010-04-28** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2010-04-29** Recalled to Second Reading - Short Debate `reading-2`
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- **2010-04-29** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2010-04-29** House Floor Amendment No. 1 Filed with Clerk by Rep. Roger L. Eddy `amendment-introduction`
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- **2010-04-29** House Floor Amendment No. 1 Referred to Rules Committee `referral-committee`
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- **2010-05-03** House Floor Amendment No. 1 Rules Refers to Elementary & Secondary Education Committee
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- **2010-05-04** House Floor Amendment No. 1 Recommends Be Adopted Elementary & Secondary Education Committee; 017-000-000 `committee-passage-favorable`
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- **2010-05-04** House Floor Amendment No. 2 Filed with Clerk by Rep. Roger L. Eddy `amendment-introduction`
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- **2010-05-04** House Floor Amendment No. 2 Referred to Rules Committee `referral-committee`
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- **2010-05-04** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2010-05-04** Recalled to Second Reading - Short Debate `reading-2`
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- **2010-05-04** House Floor Amendment No. 1 Adopted by Voice Vote `amendment-passage`
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- **2010-05-04** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2010-05-04** Recalled to Second Reading - Short Debate `reading-2`
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- **2010-05-04** Held on Calendar Order of Second Reading - Short Debate `reading-2`
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- **2010-05-06** House Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 `committee-passage-favorable`
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- **2010-05-06** Added Alternate Co-Sponsor Rep. Jerry L. Mitchell
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- **2010-05-06** House Floor Amendment No. 2 Adopted by Voice Vote `amendment-passage`
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- **2010-05-06** Placed on Calendar Order of 3rd Reading - Short Debate
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- **2010-05-06** Third Reading - Short Debate - Passed 118-000-000 `reading-3, passage`
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- **2010-05-06** Secretary's Desk - Concurrence House Amendment(s) 1, 2
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- **2010-05-06** Placed on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 7, 2010
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- **2010-05-06** House Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Kimberly A. Lightford `filing`
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- **2010-05-06** House Floor Amendment No. 1 Motion to Concur Referred to Assignments `referral-committee`
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- **2010-05-06** House Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. Kimberly A. Lightford `filing`
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- **2010-05-06** House Floor Amendment No. 2 Motion to Concur Referred to Assignments `referral-committee`
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- **2010-05-06** House Floor Amendment No. 1 Motion to Concur Assignments Referred to Education `referral-committee`
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- **2010-05-06** House Floor Amendment No. 2 Motion to Concur Assignments Referred to Education `referral-committee`
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- **2010-05-07** House Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Education; 006-004-001
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- **2010-05-07** House Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Education; 006-004-001
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- **2010-05-07** House Floor Amendment No. 1 Senate Concurs 038-017-000
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- **2010-05-07** House Floor Amendment No. 2 Senate Concurs 038-017-000
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- **2010-05-07** Passed Both Houses
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- **2010-06-04** Sent to the Governor `executive-receipt`
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- **2010-08-03** Governor Approved `executive-signature`
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- **2010-08-03** Effective Date August 3, 2010
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- **2010-08-03** Public Act . . . . . . . . . 96-1423 `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/ae6b643c-cc30-431a-a688-cf02e8233bca`. Confidence: reported (aggregated from official Illinois legislature records).
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