Public Act 094-0840
 		





SB2871 Enrolled
LRB094 14947 AJO 50035 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 Chicago Park District Working Cash Fund Act 
is amended  by adding Section 4.1 as follows:
 
    (70 ILCS 1510/4.1  new)
    Sec. 4.1. Abolishment of working cash fund.
    (a) The commissioners of the Chicago Park District may 
abolish its working cash fund by resolution and may transfer 
any balance remaining in the fund, including any interest that 
may have accrued, to the general corporate fund of the Chicago 
Park District at the end of the then current fiscal year.  Any 
outstanding loans to other District funds shall be paid or 
become payable to the general corporate fund of the Chicago 
Park District at the close of the then current fiscal year.
    (b) Any obligation incurred by the Chicago Park District 
pursuant to Section 2 shall be discharged as therein provided.
 

    Section 99. Effective date. This Act takes effect upon 
becoming law.