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Public Act 101-0670
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| SB1805 Enrolled | LRB101 08915 RJF 54005 b |
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AN ACT concerning finance.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Metropolitan Water Reclamation District Act |
is amended by changing Section 5.9 as follows:
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(70 ILCS 2605/5.9) (from Ch. 42, par. 324s)
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Sec. 5.9. The board of trustees shall, at any time after |
March 1 of each
fiscal year, have power, by a two-thirds vote |
of all the
members of such body, to authorize the making of |
transfers within a department
or between departments of sums of |
money appropriated for one corporate object
or function to |
another corporate object or function. Any such action by the
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board of trustees shall be entered in the proceedings of the |
board. No
appropriation for any object or function shall be |
reduced below an amount
sufficient to cover all unliquidated |
and outstanding contracts or
obligations certified from or |
against the appropriation for such purpose.
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In addition to the contributions required under Section |
13-503 of the Illinois Pension Code, the The board of trustees, |
by a two-thirds vote of all its members, may transfer
the |
interest earned on any moneys of the district as well as |
revenue from any lawfully available source into the district's |
fund or
funds that are most in need of the interest income or |