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Illinois Compiled Statutes

105 ILCS 5/20-1 (2026)

Authority to create working cash fund

✓ current as of May 2026
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(105 ILCS 5/20-1) (from Ch. 122, par. 20-1)
    Sec. 20-1. Authority to create working cash fund. In each school district, whether organized under general law or special charter, having a population of less than 500,000 inhabitants, a fund to be known as a "Working Cash Fund" may be created and maintained consistent with the limitations of this Article, for the purpose of enabling the district to have in its treasury at all times sufficient money to meet demands thereon for expenditures for corporate purposes.
(Source: P.A. 98-756, eff. 7-16-14.)

    
Notes of Decisions
Cited in 6 cases, 2013–2017 · leading case: Lutkauskas v. Ricker, 2015 IL 117090 (Ill. 2015).
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Lutkauskas v. Ricker, 2015 IL 117090 (Ill. 2015). · cites it 2× “Plaintiffs sought relief against certain officers and employees of the School District and current and former members of its board of education (collectively, the District defendants), alleging that they had improperly transferred money from the School District’s Working Cash…”
Lutkauskas v. Ricker, 2015 IL 117090 (Ill. 2015). · cites it 2× “Plaintiffs sought relief against certain officers and employees of the School District and current and former members of its board of education (collectively, the District defendants), alleging2 that they had improperly transferred money from the School District’s Working Cash…”
1001 Ogden Avenue Partners v. Henry, 2017 IL App (2d) 160838 (Ill. App. Ct. 2017). · cites it 5× “BACKGROUND ¶3 From tax years 2001 through 2012, the School Districts each issued working-cash-fund bonds under article 20 of the School Code (105 ILCS 5/20-1 et seq. (West 2002)). The taxpayers filed objections in the trial court, challenging the validity of the taxes levied to…”
1001 Ogden Avenue Partners v. Henry, 2017 IL App (2d) 160838 (Ill. App. Ct. 2017). · cites it 5× “BACKGROUND ¶3 From tax years 2001 through 2012, the School Districts each issued working-cash-fund bonds under article 20 of the School Code (105 ILCS 5/20-1 et seq. (West 2002)). The taxpayers filed objections in the trial court, challenging the validity of the taxes levied to…”
Lutkauskas v. Ricker, 2013 IL App (1st) 121112 (Ill. App. Ct. 2013). “See 105 ILCS 5/20-1 (West 2010). The working cash fund allows a district to “have in its treasury at all time sufficient money to meet demands thereon for expenditures for corporate purposes” before the district receives taxes designated for those purposes.”
Lutkauskas v. Ricker, 2013 IL App (1st) 121112 (Ill. App. Ct. 2013). “¶ 2 BACKGROUND ¶ 3 Article 20 of the School Code ¶4 Plaintiffs’ complaints center on a violation of article 20 of the School Code, which authorizes certain school districts to create working cash funds.”
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