|Public Act 094-0840
|LRB094 14947 AJO 50035 b
AN ACT concerning local government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
The Chicago Park District Working Cash Fund Act
is amended by adding Section 4.1 as follows:
(70 ILCS 1510/4.1 new)
Abolishment of working cash fund.
(a) The commissioners of the Chicago Park District may
abolish its working cash fund by resolution and may transfer
any balance remaining in the fund, including any interest that
may have accrued, to the general corporate fund of the Chicago
Park District at the end of the then current fiscal year. Any
outstanding loans to other District funds shall be paid or
become payable to the general corporate fund of the Chicago
Park District at the close of the then current fiscal year.
(b) Any obligation incurred by the Chicago Park District
pursuant to Section 2 shall be discharged as therein provided.
This Act takes effect upon