# 105 ILCS 5/1B-3: Section 1B-3

> Illinois · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1B-3

## Section

- **Citation:** 105 ILCS 5/1B-3
- **Heading:** Section 1B-3
- **Jurisdiction:** Illinois
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Code / Chapter 105 / Act 5 / Section 1B-3

## Text

(105 ILCS 5/1B-3) (from Ch. 122, par. 1B-3) Sec. 1B-3. Definitions. As used in this Article: (a) "Financial Oversight Panel" or "Panel" means the Financial Oversight Panel created under Section 1B-4; (b) "Board" means a local board of education; (c) "Budget" means the annual budget of the board required under Section 17-1 and is subject to the authority of the Panel as provided in this Article; (d) "Chairman" means the chairman of the Panel appointed pursuant to Section 1B-5 of this Article; (e) "District" means any school district of this State not subject to the provisions of Article 34; (f) "Financial plan" means the financial plan of the board required to be developed pursuant to this Article; (g) "Fiscal year" means the fiscal year of the board; (h) "School year" means the school year of the board; (i) "State Board" means the Illinois State Board of Education; (j) "State Superintendent" means the State Superintendent of Education. (Source: P.A. 88-618, eff. 9-9-94.)

## Nearby sections

- [105 ILCS 5/1-1 Section 1-1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1-1.md)
- [105 ILCS 5/1A-2.1 Section 1A-2.1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1A-2.1.md)
- [105 ILCS 5/1A-6 Section 1A-6](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1A-6.md)
- [105 ILCS 5/1A-8 Section 1A-8](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1A-8.md)
- [105 ILCS 5/1A-9 Section 1A-9](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1A-9.md)
- [105 ILCS 5/1A-11 Section 1A-11](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1A-11.md)
- [105 ILCS 5/1B-3 Section 1B-3](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1B-3.md)
- [105 ILCS 5/1B-7 Section 1B-7](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1B-7.md)
- [105 ILCS 5/1B-7.10 Section 1B-7.10](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1B-7.10.md)
- [105 ILCS 5/1B-20 Section 1B-20](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1B-20.md)
- [105 ILCS 5/1C-1 Section 1C-1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1C-1.md)
- [105 ILCS 5/1C-2 Section 1C-2](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1C-2.md)
- [105 ILCS 5/1C-4 Section 1C-4](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1C-4.md)
- [105 ILCS 5/1D-1 105 ILCS 5/1D-1](https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1D-1%3A%3Av1.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_C105_A5_S1B-3. Check the current official text before relying on it. Not legal advice.