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