HB0843 Enrolled

LRB093 05626 WGH 05719 b






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    AN ACT in relation to townships. 

 
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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 Township Code is amended  by changing 
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Sections 285-5 and 285-10 as follows:

 



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    (60 ILCS 1/285-5)


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    Sec. 285-5. Payment of bond fund balance to township. 
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    (a)
Whenever
all the bonds
of any township have been fully 
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paid and canceled and there remains in the
hands of the county 
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collector of taxes or county treasurer, after the payment,
any 
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balance to the credit of the bond fund of the township, the 
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county
collector of taxes or county treasurer shall pay to the 
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supervisor of the
township the balance of the fund in his 
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hands, taking a receipt of the
supervisor for the payment, and 
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the balance may be appropriated and expended in accordance with 
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subsection (a) of Section 285-10.
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    (b) Beginning on the effective date of this amendatory Act 
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of the 93rd General Assembly and through December 31, 2004, 
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whenever all the bonds of any township have been fully paid and 
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canceled and there remains any balance to the credit of the 
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bond fund of the township, including any amounts that were in 
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the bond fund prior to the payment in full and cancellation of 
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the bonds, in the hands of the township supervisor (other than 
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amounts paid to the supervisor under subsection (a)), the 
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balance  may be appropriated and expended in accordance with 
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subsection (b) of Section 285-10.


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(Source: P.A. 84-1308; 88-62.)


 



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    (60 ILCS 1/285-10)


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    Sec. 285-10. Use of moneys. 
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    (a) Moneys paid to the township supervisor
under
subsection 
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(a) of Section 285-5, may be appropriated and expended for 
 


 






HB0843 Enrolled
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LRB093 05626 WGH 05719 b




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defraying the general
charges and expenses of the township; for 
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laying out, making, and repairing the
roads and bridges of the 
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township and purchasing materials, implements, and
machinery 
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for those undertakings; for the maintenance and operation of 
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open spaces; and for the payment of any outstanding
orders, all 
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in the manner and proportions the legal voters of the township

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determine at their annual township meeting or special township 
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meeting duly
called for that purpose.
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    (b) Moneys in the hands of the township supervisor under 
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subsection (b) of Section 285-5 may be appropriated and 
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expended only for purposes relating to the purposes for which 
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the bonds were issued.


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(Source: Laws 1889, p. 357; P.A. 88-62.)



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