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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB1799 Introduced 2/26/2021, by Sen. Thomas Cullerton SYNOPSIS AS INTRODUCED:
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Amends the Township Code. Provides that, if the township board determines that one or more funds of the township are in excess of the amount needed for purposes of such fund or funds for the remainder of the then-current fiscal year, the township board may, within one year after the effective date of the amendatory Act, direct a one-time transfer of such excess funds to any other fund or funds of the township.
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| | A BILL FOR |
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| | SB1799 | | LRB102 14493 AWJ 19846 b |
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| 1 | | AN ACT concerning local government.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Township Code is amended by adding Section |
| 5 | | 245-25 as follows:
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| 6 | | (60 ILCS 1/245-25 new) |
| 7 | | Sec. 245-25. Excess township funds. If the township board |
| 8 | | determines that one or more funds of the township are in excess |
| 9 | | of the amount needed for purposes of such fund or funds for the |
| 10 | | remainder of the then-current fiscal year, the township board |
| 11 | | may, within one year after the effective date of this |
| 12 | | amendatory Act of the 102nd General Assembly, direct a |
| 13 | | one-time transfer of such excess funds to any other fund or |
| 14 | | funds of the township.
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