§1060.20. Criteria for Approval

Latest version.

The following criteria will form the basis for Board approval of transfers among line item appropriations:

a)         Sufficient funds must be available to cover the amount of the transfer.

b)         Transfer requests must have governing board approval.

c)         A rationale for the transfer must be provided. Transfers will be approved if the requirements of the State Finance Act [30 ILCS 105/13.2] are met.

(Source: Amended at 31 Ill. Reg. 12580, effective August 16, 2007)

                    
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