|
|
|
|
SB2239 Engrossed |
|
LRB095 18106 HLH 44189 b |
|
|
| 1 |
| AN ACT concerning special districts.
|
| 2 |
| Be it enacted by the People of the State of Illinois,
|
| 3 |
| represented in the General Assembly:
|
| 4 |
| Section 5. The Metropolitan Water Reclamation District Act |
| 5 |
| is amended by changing Section 5.9 as follows:
|
| 6 |
| (70 ILCS 2605/5.9) (from Ch. 42, par. 324s)
|
| 7 |
| Sec. 5.9. The board of trustees shall, at any time after |
| 8 |
| March 1 of each
fiscal year, have power, by a two-thirds vote |
| 9 |
| of all the
members of such body, to authorize the making of |
| 10 |
| transfers within a department
or between departments of sums of |
| 11 |
| money appropriated for one corporate object
or function to |
| 12 |
| another corporate object or function. Any such action by the
|
| 13 |
| board of trustees shall be entered in the proceedings of the |
| 14 |
| board. No
appropriation for any object or function shall be |
| 15 |
| reduced below an amount
sufficient to cover all unliquidated |
| 16 |
| and outstanding contracts or
obligations certified from or |
| 17 |
| against the appropriation for such purpose.
|
| 18 |
| The board of trustees, by a two-thirds vote of all its |
| 19 |
| members, may transfer
the interest earned on any moneys of the |
| 20 |
| district into the district's fund or
funds that are most in |
| 21 |
| need of the interest income, or the Metropolitan Water |
| 22 |
| Reclamation District Retirement Fund. This authority does not
|
| 23 |
| apply to any interest that has been earmarked or restricted by |