ILCS » Chapter 105 · Act 5
Illinois Compiled Statutes

105 ILCS 5/20-10 (2026)

Abatement of working cash fund

✓ current as of May 2026
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(105 ILCS 5/20-10)
    Sec. 20-10. Abatement of working cash fund. Any school district may abate its working cash fund at any time, upon the adoption of a resolution so providing, and direct the transfer at any time of moneys in that fund to any fund or funds of the district most in need of the money, provided that the district maintains an amount to the credit of the working cash fund, including taxes levied pursuant to Section 20-3 and not yet collected and amounts transferred pursuant to Section 20-4 and to be reimbursed to the working cash fund, at least equal to 0.05% of the then current value, as equalized or assessed by the Department of Revenue, of the taxable property in the district. If necessary to effectuate the abatement, any outstanding loans to other funds of the district may be paid or become payable to the fund or funds to which the abatement is made. Any abatement of a school district's working cash fund prior to the effective date of this amendatory Act of the 96th General Assembly that would have complied with the provisions of this Section is hereby validated.
(Source: P.A. 96-1277, eff. 7-26-10.)


 
    (105 ILCS 5/Art. 21 heading)
ARTICLE 21. CERTIFICATION OF TEACHERS

    
Notes of Decisions
Cited in 5 cases, 2013–2017 · leading case: 1001 Ogden Avenue Partners v. Henry, 2017 IL App (2d) 160838 (Ill. App. Ct. 2017).
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1001 Ogden Avenue Partners v. Henry, 2017 IL App (2d) 160838 (Ill. App. Ct. 2017). · cites it 4× “” 105 ILCS 5/20-10 (West 2010). Section 20-10 also “validated” any such abatements and transfers that occurred before that provision took effect.”
Barrett v. Henry, 2013 IL App (2d) 120829 (Ill. App. Ct. 2013). “Section 20-10 of the School Code (105 ILCS 5/20-10 (West 2010)), which was added in 2010 (see Pub.”
1001 Ogden Avenue Partners v. Henry, 2017 IL App (2d) 160838 (Ill. App. Ct. 2017). · cites it 4× “” 105 ILCS 5/20-10 (West 2010). Section 20-10 also “validated” any such abatements and transfers that occurred before that provision took effect.”
Lutkauskas v. Ricker, 2013 IL App (1st) 121112 (Ill. App. Ct. 2013). “” 105 ILCS 5/20-10 (West 2010). Similarly, section 20-8 allows a district to abolish its working cash fund, by adoption of a resolution, and “direct the transfer of any balance in such fund to the educational fund at the close of the then current school year.”
Lutkauskas v. Ricker, 2013 IL App (1st) 121112 (Ill. App. Ct. 2013). “” 105 ILCS 5/20-10 (West 2010). Similarly, section 20-8 allows a district to abolish its working cash fund, by adoption of a resolution, and “direct the transfer of any balance in such fund to the educational fund at the close of the then 3 No.”
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