(60 ILCS 1/255-5)
Sec. 255-5.
Transfer from road and bridge fund.
Whenever the road and bridge
fund of any township in a county with a population of 50,000 or
more contains
a balance no longer needed for road and bridge purposes, occasioned by the fact
that the township no longer has any roads or bridges under its jurisdiction,
the voters of the township at an annual township meeting or at a special
township meeting called for the purpose may, by resolution by a majority vote
of the voters present and voting on the resolution, transfer the balance
to the general township fund or to any other township fund or funds.
For a period of one year after the effective date of
this amendatory Act of the 92nd General Assembly, the voters of a township at
an annual township meeting or at a special township meeting called for the
purpose may, by resolution by a majority vote of the voters present and
voting on the resolution, distribute funds from the road and bridge fund to
any township fund used for construction or maintenance of sewage or water
treatment facilities.
(Source: P.A. 92-539, eff. 1-1-03.)
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