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Public Act 095-0759
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| HB4283 Enrolled |
LRB095 15307 HLH 41295 b |
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AN ACT concerning local government.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Township Code is amended by changing Section |
125-20 as follows:
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(60 ILCS 1/125-20)
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Sec. 125-20. Use of bond proceeds. The proceeds of the |
bonds shall be
received and held by the township supervisor but |
shall be expended under the
direction and upon the warrant of a |
majority of the members of the board of trustees highway |
commissioners of
the township. However, a majority of the |
members of the board of trustees may designate that the bond |
proceeds be expended under the direction and upon the warrant |
of the highway commissioner if the highway commissioner |
provides written consent to that action. If, however, at the |
time the proceeds are received there is a
board of park |
commissioners invested by law with control over any park that
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lies wholly or in part in the township, the proceeds of the |
bonds shall be
expended upon the warrants of a majority of the |
board of park commissioners.
The board of trustees, highway |
commissioner commissioners or board of park commissioners may |
designate the
parcel or parcels of land or property to be |
utilized for the purchase of the
parks and may determine the |