(70 ILCS 1105/19) (from Ch. 85, par. 6819)
Sec. 19.
Lapse of appropriations and levies.
Any appropriation or
levy made for the purpose of constructing, restoring, reconditioning,
reconstructing, or acquiring improvements and for the development of
historical sites, together with related lands and facilities, of the
district need not be expended during the fiscal year in which the
appropriation or levy is made. The appropriation does not lapse and the
moneys levied, collected, or received for that purpose do not become part
of the general funds of the district for a period of 5 years and are not
available for appropriation in a later fiscal year, but shall be retained
and held in a separate fund for 5 years to be expended within that time for
the purpose for which appropriated and levied. After 5 years the moneys
become a general asset available for appropriation for general corporate
purposes. It is not a defense or objection to any appropriation or levy for
the same purposes in a later fiscal year that there remain uncommenced or
uncompleted projects or unexpended moneys arising in an appropriation or
levy of an earlier year for purposes of this Section, unless the period of
5 years after the fiscal year in which the appropriation was made has elapsed.
(Source: P.A. 86-477.)
|