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HB0832 Engrossed |
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LRB094 06403 BDD 36488 b |
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| AN ACT concerning local government.
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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 Counties Code is amended by changing Section |
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| 6-1002.5 as follows:
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| (55 ILCS 5/6-1002.5)
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| Sec. 6-1002.5. Capital Improvement, Repair, or Replacement |
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| Fund.
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| (a) In its annual budget, a county may appropriate an |
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| amount not to exceed
5%
3% of the amount appropriated to the |
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| county's general corporate or operating
fund,
for the purpose |
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| of making specified capital improvements, repairs,
or |
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| replacements with respect to real property or equipment or |
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| other tangible
personal property of the county. Any amount so |
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| appropriated shall be deposited
into a special fund to be known |
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| as the County Capital Improvement, Repair, or
Replacement Fund |
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| ("the Fund"). Expenditures from the Fund shall be budgeted in
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| the fiscal year in which the capital improvement, repair, or |
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| replacement
will occur.
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| (b) Moneys shall be transferred from the Fund into the |
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| county's general
corporate or operating fund as follows:
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| (1) When a capital improvement, repair, or replacement |
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| project is
completed, or when such a project is abandoned, |
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| and the county board determines
that there remain in the |
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| Fund unspent moneys that were budgeted for the
project, |
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| those unspent moneys shall be transferred.
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| (2) When the county board determines that surplus |
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| moneys, not needed for
any capital improvement, repair, or |
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| replacement project for which the Fund was
established, |
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| remain in the Fund, those surplus moneys shall be |
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| transferred.
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| Moneys transferred to the county's general corporate or |