Illinois General Assembly - Full Text of Public Act 093-0315
Illinois General Assembly

Previous General Assemblies

Public Act 093-0315


Public Act 93-0315 of the 93rd General Assembly

Public Act 93-0315

HB1751 Enrolled                      LRB093 04704 MKM 04760 b

    AN ACT concerning libraries.

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

    Section  5.   The  Public Library District Act of 1991 is
amended by adding Section 40-55 as follows:

    (75 ILCS 16/40-55 new)
    Sec. 40-55.  Insurance Reserve Fund; transfers. The board
of the Byron Public Library District  may,  within  one  year
from  the  effective  date of this Amendatory Act of the 93rd
General Assembly, by proper  resolution  following  a  public
hearing  (that  is  preceded by at least one published notice
occurring at least 7 days prior to the hearing in a newspaper
of general circulation within the district and setting  forth
the  time,  date,  place, and subject matter of the hearing),
transfer  money  from  the  Insurance  Reserve  Fund  to  the
district's Expansion Special Reserve Fund, provided that  the
amount  transferred  is  not then required for the payment of
any liabilities due to be paid  from  the  Insurance  Reserve

Effective Date: 01/01/04