As used in this Article:
     “Budget” means the annual budget of the district required under Section 17-1 of this Code, as in effect from time to time.

Terms Used In Illinois Compiled Statutes 105 ILCS 5/1H-10

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14

     “Chairperson” means the Chairperson of the Panel.
     “District” means any school district having a population of not more than 500,000 that has had a Financial Oversight Panel established under this Article.
     “Financial plan” means the financial plan of the district to be developed pursuant to this Article, as in effect from time to time.
     “Fiscal year” means the fiscal year of the district.
     “Obligations” means notes or other short-term debts or liabilities of the Panel.
     “Panel” means a Financial Oversight Panel created under this Article.
     “State Board” means the State Board of Education.
     “State Superintendent” means the State Superintendent of Education.