(70 ILCS 1005/9.1) (from Ch. 111 1/2, par. 82.1)
Sec. 9.1.
Any mosquito abatement district organized under the provisions
of this Act in the preparation of its annual budget and appropriation ordinance
may provide that an amount equal to not more than one-half of one percent
of the total equalized assessed value of real property situated in the district
shall be allocated to and accumulated in a Capital Improvement, Repair or
Replacement Fund for the purposes of specific capital improvements, repairs
or replacements of specific types of district equipment or other real or
personal property. Expenditures from the Capital Improvement, Repair or
Replacement Fund shall be budgeted and appropriated for the fiscal year
in which the capital improvement, repair or replacement will occur. Upon
completion or abandonment of any object or purpose for which a Capital Improvement,
Repair or Replacement Fund has been initiated, monies remaining in such
fund shall be transferred into the general corporate fund of the district on
the first day of the fiscal year following such abandonment or completion
resulting in such surplus monies in such fund.
(Source: P.A. 83-171.)
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