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| | SB1799 Engrossed | | 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 changing |
| 5 | | Section 85-65 as follows:
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| 6 | | (60 ILCS 1/85-65) |
| 7 | | Sec. 85-65. Accumulation of funds. Township funds, |
| 8 | | including, but not limited to, general assistance funds and |
| 9 | | excluding the township's capital fund, shall not exceed an |
| 10 | | amount equal to or greater than 2.5 times the annual average |
| 11 | | expenditure of the previous 3 fiscal years.
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| 12 | | (Source: P.A. 100-474, eff. 9-8-17.)
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| 13 | | Section 99. Effective date. This Act takes effect upon |
| 14 | | becoming law. |