HB0479 EnrolledLRB098 03297 OMW 33312 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Medical District Act is amended by
5changing Section 10 as follows:
 
6    (70 ILCS 915/10)  (from Ch. 111 1/2, par. 5020)
7    Sec. 10. Disposition of money. The Commission is authorized
8to use all money received from the sale or lease of any
9property, in excess of the amount as may be necessary to
10satisfy the obligation of any revenue bond issued pursuant to
11Section 5 and may also use all money received as rentals for
12the purposes of planning, acquisition, and development of
13property within the District and operation, maintenance and
14improvement of property of the Commission and for all purposes
15and powers set forth in this Act. The Commission shall annually
16enter into an intergovernmental agreement with the Auditor
17General, who shall, at least biennially, audit or cause to be
18audited by a certified public accountant all records and
19accounts of the Commission pertaining to the operation of the
20District. The Commission Auditor General shall provide the
21Commission and the General Assembly with the audits and shall
22post a copy on the Commission's his or her website. The Auditor
23General shall submit a bill to the Commission for costs

 

 

HB0479 Enrolled- 2 -LRB098 03297 OMW 33312 b

1associated with the review and the audit required under this
2Section, and the Commission shall reimburse the Auditor General
3for such costs in a timely manner.
4(Source: P.A. 97-825, eff. 7-18-12.)
 
5    Section 99. Effective date. This Act takes effect upon
6becoming law.