Illinois General Assembly - Full Text of HB0832
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Full Text of HB0832  94th General Assembly



HB0832 Enrolled LRB094 06403 BDD 36488 b

1     AN ACT concerning local government.
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4     Section 5. The Counties Code is amended by changing Section
5 6-1002.5 as follows:
6     (55 ILCS 5/6-1002.5)
7     Sec. 6-1002.5. Capital Improvement, Repair, or Replacement
8 Fund.
9     (a) In its annual budget, a county may appropriate an
10 amount not to exceed 5% 3% of the amount appropriated to the
11 county's general corporate or operating fund, for the purpose
12 of making specified capital improvements, repairs, or
13 replacements with respect to real property or equipment or
14 other tangible personal property of the county. Any amount so
15 appropriated shall be deposited into a special fund to be known
16 as the County Capital Improvement, Repair, or Replacement Fund
17 ("the Fund"). Expenditures from the Fund shall be budgeted in
18 the fiscal year in which the capital improvement, repair, or
19 replacement will occur.
20     (b) Moneys shall be transferred from the Fund into the
21 county's general corporate or operating fund as follows:
22         (1) When a capital improvement, repair, or replacement
23     project is completed, or when such a project is abandoned,
24     and the county board determines that there remain in the
25     Fund unspent moneys that were budgeted for the project,
26     those unspent moneys shall be transferred.
27         (2) When the county board determines that surplus
28     moneys, not needed for any capital improvement, repair, or
29     replacement project for which the Fund was established,
30     remain in the Fund, those surplus moneys shall be
31     transferred.
32     Moneys transferred to the county's general corporate or



HB0832 Enrolled - 2 - LRB094 06403 BDD 36488 b

1 operating fund under this subsection shall be transferred on
2 the first day of the fiscal year following the fiscal year in
3 which the unspent or surplus moneys were determined to exist.
4 (Source: P.A. 88-446.)
5     Section 99. Effective date. This Act takes effect upon
6 becoming law.