(50 ILCS 505/7) (from Ch. 85, par. 5607)
Sec. 7.
If the funds from which the local governmental official or
agency is to pay for goods or services are funds appropriated or controlled
by the State, then the local governmental official or agency may certify to
the State Treasurer, Comptroller and State agency responsible for
administering such funds that a specified amount is anticipated to be
necessary within 45 days after certification to pay for specified goods or
services and that such amount is not currently available to the local
governmental official or agency. The State Treasurer, Comptroller and
State agency shall than expedite distribution of funds to the local
governmental unit to make such payments. The certification shall be mailed
on the date of certification by certified U. S. mail, return receipt
requested. Any interest penalty incurred by the local governmental unit
under Section 3 or 4 because of the failure of funds to be distributed from
the State to the local governmental unit within the 45 day period shall be
reimbursed by the State to the local governmental unit as an amount in
addition to the funds to be otherwise distributed from the State.
(Source: P.A. 85-1159.)
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