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HB4283 Engrossed |
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LRB095 15307 HLH 41295 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 Township Code is amended by changing Section |
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| 125-20 as follows:
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| (60 ILCS 1/125-20)
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| Sec. 125-20. Use of bond proceeds. The proceeds of the |
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| bonds shall be
received and held by the township supervisor but |
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| shall be expended under the
direction and upon the warrant of a |
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| majority of the members of the board of trustees highway |
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| commissioners of
the township. However, a majority of the |
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| members of the board of trustees may designate that the bond |
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| proceeds be expended under the direction and upon the warrant |
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| of the highway commissioner if the highway commissioner |
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| provides written consent to that action. If, however, at the |
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| time the proceeds are received there is a
board of park |
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| commissioners invested by law with control over any park that
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| lies wholly or in part in the township, the proceeds of the |
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| bonds shall be
expended upon the warrants of a majority of the |
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| board of park commissioners.
The board of trustees, highway |
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| commissioner commissioners or board of park commissioners may |
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| designate the
parcel or parcels of land or property to be |
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| utilized for the purchase of the
parks and may determine the |