State of Illinois
92^nd General Assembly
Legislation

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92_SB0989eng

 
SB989 Engrossed                                LRB9208036TAtm

 1        AN ACT concerning intergovernmental cooperation.

 2        Be  it  enacted  by  the People of the State of Illinois,
 3    represented in the General Assembly:

 4        Section 5.   The  Intergovernmental  Cooperation  Act  is
 5    amended by changing Section 6 as follows:

 6        (5 ILCS 220/6) (from Ch. 127, par. 746)
 7        Sec.  6.   Joint  self-insurance.   An  intergovernmental
 8    contract  may,  among  other  undertakings,  authorize public
 9    agencies to jointly self-insure  and  authorize  each  public
10    agency  member of the contract to utilize its funds to pay to
11    a joint insurance pool its costs and   reserves  to  protect,
12    wholly  or  partially,  itself or any public agency member of
13    the contract against liability  or  loss  in  the  designated
14    insurable  area.  A joint insurance pool shall have an annual
15    audit performed by an independent certified public accountant
16    and shall file an annual audited financial  report  with  the
17    Director of Insurance no later than 150 days after the end of
18    the  pool's  immediately preceding fiscal year.  The Director
19    of Insurance shall issue rules necessary  to  implement  this
20    audit  and  report requirement.  The rule shall establish the
21    due date for filing  the  initial  annual  audited  financial
22    report.   Within 30 days after January 1, 1991, and within 30
23    days after each January 1 thereafter,  public  agencies  that
24    are  jointly  self-insured to protect against liability under
25    the Workers' Compensation Act and the  Workers'  Occupational
26    Diseases  Act  shall  file  with  the Industrial Commission a
27    report indicating an election to self-insure.
28        For purposes of  this  Section,  "public  agency  member"
29    means  any  public  agency defined or created under this Act,
30    any local public entity as defined in Section  1-206  of  the
31    Local  Governmental  and Governmental Employees Tort Immunity
 
SB989 Engrossed             -2-                LRB9208036TAtm
 1    Act, and any  agency,  authority,  instrumentality,  council,
 2    board,  service  region,  district, unit, bureau, commission,
 3    municipal  corporation,  college,  or   university,   whether
 4    corporate or otherwise, and any other local governmental body
 5    or similar entity that is presently existing or created after
 6    the effective date of this amendatory Act of the 92nd General
 7    Assembly, whether or not specified in this Section.
 8    (Source: P.A. 89-97, eff. 7-7-95.)

 9        Section  99.  Effective date.  This Act takes effect upon
10    becoming law.

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