{"data":{"id":"us-il/110-ilcs-805-7-8","jurisdiction":"us-il","citation":"110 ILCS 805/7-8","heading":"","body":"Before or within the first quarter of each fiscal year, the board shall adopt a budget and pass a resolution to be termed the \"annual budget\", hereinafter called the \"budget\", in and by which the board, subject to the limitations in Sections 7-9 through 7-13, shall appropriate such sums of money as may be required to defray all of its estimated expenses and liabilities to be paid or incurred during that fiscal year.","path":["CHAPTER 110 HIGHER EDUCATION","Public Community College Act."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1150\u0026ChapterID=18\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:28Z","sha256":"fdb263a13e5f5f49067a68804c3dee6e5d731e892cf4f8d1d30daadcf3f59c4a","source_id":"us-il","stale":false,"prev":"us-il/110-ilcs-805-7-7","next":"us-il/110-ilcs-805-7-9"},"notice":"GroundRules: Original legal text. Not legal advice."}