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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(50 ILCS 20/10) (from Ch. 85, par. 1040)
Sec. 10.
A Public Building Commission shall provide for the proper
safekeeping of its records, subject to the provisions of "The Local Records
Act", enacted by the Seventy-second General Assembly, and shall keep a
minute book for the recording of the corporate action of the Board of
Commissioners. A complete record of the meetings and proceedings of the
Board of Commissioners shall be kept in such minute book and such minutes
shall be signed by the Secretary of the Public Building Commission. The
Commission shall keep a true and accurate account of its receipts and
disbursements and an annual audit shall be made of its books, records and
accounts. The audit shall be presented annually for review to each governing
body under whose resolution the Commission is organized. If an audit is not
presented on an annual
basis, any or all governing bodies under whose resolutions the Commission is
organized may order their own audit of the Commission's books, records, and
accounts. The Commission shall cooperate by providing all requested
documentation. When an audit is conducted at the direction of a governing
body,
no more than one audit shall be conducted for all governing bodies under whose
resolutions the Commission is organized and the audit shall be paid for from
Commission funds.
All officers and employees authorized to
receive or retain the
custody of money or to sign vouchers, checks, warrants, or evidences of
indebtedness on behalf of the Commission, shall furnish surety bond for the
faithful performance of their duties and the faithful accounting of all
monies that may come into their hands, in an amount to be fixed and in a
form to be approved by the Board of Commissioners.
(Source: P.A. 90-702, eff. 8-7-98.)
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