093_HB0462enr

 
HB0462 Enrolled                      LRB093 04004 EFG 04043 b

 1        AN  ACT  concerning  the  Metropolitan  Water Reclamation
 2    District.

 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:

 5        Section  5.   The Metropolitan Water Reclamation District
 6    Act is amended by changing Section 5.9 as follows:

 7        (70 ILCS 2605/5.9) (from Ch. 42, par. 324s)
 8        Sec. 5.9. The board of trustees shall, at any time  after
 9    March 1 of each fiscal year, have power, by a two-thirds vote
10    of  all  the members of such body, to authorize the making of
11    transfers within a department or between departments of  sums
12    of money appropriated for one corporate object or function to
13    another corporate object or function.  Any such action by the
14    board  of trustees shall be entered in the proceedings of the
15    board. No appropriation for any object or function  shall  be
16    reduced  below an amount sufficient to cover all unliquidated
17    and outstanding contracts or obligations  certified  from  or
18    against the appropriation for such purpose.
19        The  board  of  trustees, by a two-thirds vote of all its
20    members, may transfer the interest earned on  any  moneys  of
21    the  district into the district's fund or funds that are most
22    in need of the interest  income.   This  authority  does  not
23    apply  to  any interest that has been earmarked or restricted
24    by the board for a designated purpose.  This  authority  does
25    not apply to any interest earned on any funds for purposes of
26    the  Metropolitan  Water Reclamation District Retirement Fund
27    or Reserve Claim Fund.
28        The board of trustees, by a two-thirds vote  of  all  its
29    members,  may transfer fund balances between its Working Cash
30    Funds.
31    (Source: P.A. 90-221,  eff.  1-1-98;  90-511,  eff.  8-22-97;
 
HB0462 Enrolled             -2-      LRB093 04004 EFG 04043 b
 1    90-781, eff. 8-14-98.)

 2        Section  99.  Effective date.  This Act takes effect upon
 3    becoming law.