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91_HB1792eng
HB1792 Engrossed LRB9103157MWpc
1 AN ACT to amend the Hospital District Law by adding
2 Section 26.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Hospital District Law is amended by
6 adding Section 26 as follows:
7 (70 ILCS 910/26 new)
8 Sec. 26. Dissolution of district; distribution of moneys
9 in district treasury. If a hospital district is dissolved
10 under Section 25 and it has moneys in its treasury, prior to
11 the time business and affairs of the district have been
12 closed up, the board of directors may propose an ordinance to
13 distribute the moneys to a not-for-profit organization for
14 the purpose of providing medical school scholarships to
15 residents of the territory that was included in the district
16 at the time the district was dissolved. If the board of
17 directors proposes the ordinance, the board shall hold a
18 public hearing on the ordinance. Notice of the hearing shall
19 be given by publication, not less than 10 days before the
20 hearing, in a newspaper of general circulation within the
21 district. After holding the hearing, the board of directors
22 may adopt an ordinance directing that the moneys be
23 transferred to the not-for-profit organization.
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