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Illinois Compiled Statutes

40 ILCS 5/17-108 (2026)

Fiscal year and school year

✓ current as of May 2026
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(40 ILCS 5/17-108) (from Ch. 108 1/2, par. 17-108)
    Sec. 17-108. Fiscal year and school year.
    "Fiscal year" and "school year": Beginning July 1, 1999, the period beginning on the 1st day of July of one calendar year and ending on the 30th day of June of the next calendar year. Each fiscal year and each school year shall be designated for convenience with the same number as the calendar year in which that fiscal year or school year ends. The fiscal year which begins September 1, 1998 shall end June 30, 1999.
(Source: P.A. 90-548, eff. 12-4-97.)

    
Notes of Decisions
Cited in 1 case, 2012–2012 · leading case: Bd. of Trs. of the Pub. Sch. Teachers' Pension & Ret. Fund v. Bd. of Educ. of the City of Chicago, 2012 IL App (1st) 112756 (Ill. App. Ct. 2012).
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Bd. of Trs. of the Pub. Sch. Teachers' Pension & Ret. Fund v. Bd. of Educ. of the City of Chicago, 2012 IL App (1st) 112756 (Ill. App. Ct. 2012). · cites it 2× “40 ILCS 5/17-108 (West 2008). Pursuant to the Code, on or before February 28, the Fund must “certify to the [Chicago] Board of Education the amount of the required Board of Education contribution for the coming fiscal year.”
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