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Public Act 100-0474


 

Public Act 0474 100TH GENERAL ASSEMBLY



 


 
Public Act 100-0474
 
HB1896 EnrolledLRB100 04428 AWJ 14434 b

    AN ACT concerning local government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Township Code is amended by adding Section
85-65 as follows:
 
    (60 ILCS 1/85-65 new)
    Sec. 85-65. Accumulation of funds. Township funds,
excluding the township's capital fund, shall not exceed an
amount equal to or greater than 2.5 times the annual average
expenditure of the previous 3 fiscal years.
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 9/8/2017