(70 ILCS 810/30) (from Ch. 96 1/2, par. 6433)
Sec. 30.
Moneys shall be transferred from a forest preserve district
working cash fund to the general corporate fund of the district only
upon the authority of the board, which shall from time to time by
separate resolution direct the district treasurer to make transfers of
such sums as may be required for the purposes herein authorized. Every
such resolution shall set forth (a) the taxes or other moneys in
anticipation of the collection or receipt of which such transfer is to
be made and from which such working cash fund is to be reimbursed, (b)
the entire amount of taxes extended or which the board estimates will be
extended, or received, for any year, in anticipation of the collection
of all or part of which such transfer is to be made, (c) the aggregate
amount of warrants or notes theretofore issued in anticipation of the
collection of such taxes, together with the interest accrued and which
the board estimates will accrue thereon (d)
the aggregate amount of receipts from taxes imposed to replace revenue
lost by units of local government and school districts as a result of the
abolition of ad valorem personal property taxes, pursuant to Article IX,
Section 5(c) of the Constitution of the State of Illinois, which the corporate
authorities estimate will be set aside for the payment of the proportionate
amount of debt service and pension or retirement obligations, as required by
Section 12 of "An Act in relation to State Revenue Sharing with local
government
entities", approved July 31, 1969, as amended, and (e)
the aggregate amount of
moneys theretofore transferred from the working cash fund to the general
corporate fund in anticipation of the collection of such taxes. The
amount which any such resolution shall direct the district treasurer so
to transfer, in anticipation of the collection of taxes levied or to be
received for any year, together with the aggregate amount of such
anticipation tax warrants theretofore drawn against such taxes and the
amount of the interest accrued and estimated to accrue on such warrants
or notes and the aggregate amount of such transfers theretofore made in
anticipation of the collection of such taxes and
the amount estimated to be required to satisfy debt service and pension
or retirement obligations, as set forth in Section 12 of "An Act in relation
to State revenue sharing with local government entities", approved July
31, 1969, as amended,
shall not exceed 90% of
the actual or estimated amount of such taxes extended or to be extended,
or to be received, as set forth in such resolution.
To the extent that at any time moneys are available in the working
cash fund they shall be transferred to the general corporate fund and
disbursed for the payment of salaries and other corporate expenses so as
to avoid, whenever possible, the issuance of anticipation tax warrants
or notes.
(Source: P.A. 81-1506.)
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