House Sponsors: REITZ-FOWLER-FORBY-O'BRIEN. Senate Sponsors: DILLARD-WALSH,L Short description: TOWNSHIPS-DEDICATED FUNDS Synopsis of Bill as introduced: Amends the Township Code. Provides that a township may raise money by taxation in order to accumulate moneys in a dedicated fund for a specific capital construction or maintenance project or a major equipment purchase without submitting a proposition to the electors of the district if the annual budget and appropriation ordinance for the township states the amount, purpose, and duration of any accumulation of funds, with specific reference to each project to be constructed or equipment to be purchased. Amends the Illinois Highway Code. Provides that any road district may accumulate moneys in a dedicated fund for a specific capital construction or maintenance project or a major equipment purchase without submitting a proposition to the electors of the district if the annual budget and appropriation ordinance for the road district states the amount, purpose, and duration of any accumulation of funds, with specific reference to each project to be constructed or equipment to be purchased. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 92-0656 Last action date: JUL-16-2002 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status