(110 ILCS 805/7-12) (from Ch. 122, par. 107-12)
Sec. 7-12.
Subsequent to the public hearing provided for in Section 7-11
and before final action on the budget, the board may revise, alter,
increase, or decrease the items contained therein, but the aggregate amount
finally appropriated by the budget, including any subsequent amendment
thereof, from any fund or for any purpose, including amounts appropriated
for judgments and all other unpaid liabilities and all other purposes for
which such authorities are herein or otherwise by law required to
appropriate, may not exceed the aggregate amount available in that fund or
for that purpose, as shown by the estimates of the available assets thereof
at the beginning of that fiscal year and of taxes and other current
revenues set forth in the budget. If the appropriations from any fund as
set forth in the budget as finally adopted exceed in the aggregate the
maximum amount which the board is authorized to appropriate therefrom, all
appropriations made from that fund by the budget are void and the several
amounts appropriated in the budget of the last preceding fiscal year, so
far as they relate to operation and maintenance expenses, shall be
considered to be appropriated for the current fiscal year for objects and
purposes, respectively, as specified in the budget for the preceding fiscal
year and the several amounts so appropriated shall constitute lawful
appropriations for the current fiscal year. The board shall cause the
budget to be entered in its proceedings within 10 days after its passage.
(Source: Laws 1967, p. 9.)
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