|
Public Act 103-0072
|
| SB0685 Enrolled | LRB103 03138 AWJ 48144 b |
|
|
AN ACT concerning local government.
|
Be it enacted by the People of the State of Illinois,
|
represented in the General Assembly:
|
Section 5. The Township Code is amended by changing |
Section 85-65 as follows:
|
(60 ILCS 1/85-65) |
Sec. 85-65. Accumulation of funds. Township funds, |
including, but not limited to, general assistance funds and |
excluding the township's capital fund, shall not exceed an |
amount equal to or greater than 2.5 times the annual average |
expenditure of the previous 3 fiscal years. Townships on a |
cash basis or modified cash basis of accounting may only count |
levied tax funds toward the total township funds calculated |
under this Section if received within the township's fiscal |
year. The highway commissioner's equipment and building fund |
is considered a capital fund account and is not subject to this |
Section.
|
(Source: P.A. 102-231, eff. 7-30-21.)
|
