92nd General Assembly
Summary of HB4335
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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 



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