92nd General Assembly
Summary of HB3812
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Short description: 
TWP CD-TRANSFER OF FUNDS                                                   

Synopsis of Bill as introduced:
        Amends the Township Code. For the  period  of  one  year,  allows      
   township  boards of townships located in a county with a population of      
   less than 100,000 to, by ordinance, transfer moneys  from  the  public      
   assistance  fund  to the road and bridge fund if an amount of at least      
   $5,000 remains in the public assistance fund.  Effective immediately.       
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          60 ILCS 1/255-5                                                      
          Adds reference to:                                                   
          60 ILCS 1/235-20                                                     
        Deletes everything. Amends the Township Code. Provides  that  the      
   optional  one-time transfer of moneys from the general assistance fund      
   to the general township fund may not be completed later than one  year      
   after  the  effective date of this amendatory Act (instead of "the end      
   of fiscal year 1992"). Provides that any township that has certified a      
   new levy or an increase in the levy  during  the  calendar  year  2002      
   (instead of 1990) may not use the optional one-time transfer of funds.      
   Effective immediately.                                                      
        SENATE AMENDMENT NO. 1.                                                
        Provides that certain townships may transfer moneys from the           
   general assistance fund only if the amount remaining in the fund after      
   the transfer is equal to the greater of (i) the amount of the town-         
   ship's expenditures in the previous fiscal year for general assistance      
   or (ii) an amount equal to either 0.10% of the last known total equal-      
   ized value of all taxable property in the township or 100% of the           
   highest amount levied for general assistance purposes in any of the 3       
   previous fiscal years (instead of just "0.10% of the last know total        
   equalized value of all taxable property in the township").                  
        SENATE AMENDMENT NO. 2.                                                
        Makes a technical correction to Senate Amendment #1.                   
Last action on Bill: PUBLIC ACT.............................. 92-0718

   Last action date: JUL-25-2002

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   2


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