Public Act 93-0252

HB0462 Enrolled                      LRB093 04004 EFG 04043 b

    AN ACT  concerning  the  Metropolitan  Water  Reclamation
District.

    Be  it  enacted  by  the People of the State of Illinois,
represented in the General Assembly:

    Section 5.  The Metropolitan Water  Reclamation  District
Act is amended by changing Section 5.9 as follows:

    (70 ILCS 2605/5.9) (from Ch. 42, par. 324s)
    Sec.  5.9. The board of trustees shall, at any time after
March 1 of each fiscal year, have power, by a two-thirds vote
of all the members of such body, to authorize the  making  of
transfers  within a department or between departments of sums
of money appropriated for one corporate object or function to
another corporate object or function.  Any such action by the
board of trustees shall be entered in the proceedings of  the
board.  No  appropriation for any object or function shall be
reduced below an amount sufficient to cover all  unliquidated
and  outstanding  contracts  or obligations certified from or
against the appropriation for such purpose.
    The board of trustees, by a two-thirds vote  of  all  its
members,  may  transfer  the interest earned on any moneys of
the district into the district's fund or funds that are  most
in  need  of  the  interest  income.  This authority does not
apply to any interest that has been earmarked  or  restricted
by  the  board for a designated purpose.  This authority does
not apply to any interest earned on any funds for purposes of
the Metropolitan Water Reclamation District  Retirement  Fund
or Reserve Claim Fund.
    The  board  of  trustees, by a two-thirds vote of all its
members, may transfer fund balances between its Working  Cash
Funds.
(Source:  P.A.  90-221,  eff.  1-1-98;  90-511, eff. 8-22-97;
90-781, eff. 8-14-98.)

    Section 99. Effective date.  This Act takes  effect  upon
becoming law.