Illinois General Assembly - Illinois Compiled Statutes

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60 ILCS 1/30-41

(60 ILCS 1/30-41)

Sec. 30-41.

Notwithstanding any provision of this Act to the contrary, the
township board of trustees may make contracts relating to insurance. In no
event shall the duration of the contract exceed the board term by more than one
year. The township board of trustees shall include in the township's annual
appropriation for each fiscal year an appropriation of a sum of money
sufficient to pay the amount which, by the terms of the contract, is to become
due and payable during the current fiscal year.

(Source: Incorporates P.A. 88-356; 88-670, eff. 12-2-94.)