ART. VII, SECTION 1. GENERAL PROVISIONS
April 16, 2008 – 5:11 am(a) Public funds, property or credit shall be used only for public purposes.
(b) The State, units of local government and school districts shall incur obligations for payment or make payments from public funds only as authorized by law or ordinance.
(c) Reports and records of the obligation, receipt and use of public funds of the State, units of local government and school districts are public records. Every Governmental Entity in the State of Illinois shall make available to the public for inspection, any and all reports, accounts, account balances, records of disbursements, and any other communication relating the entity’s financial position. This availability for inspection shall be completed within 48 hours any transaction involving public funds. This disclosure of information shall be available electronically, in a uniform fashion.
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