Illinois General Assembly - Full Text of Public Act 094-0644
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Public Act 094-0644


 

Public Act 0644 94TH GENERAL ASSEMBLY



 


 
Public Act 094-0644
 
HB0832 Enrolled LRB094 06403 BDD 36488 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 Counties Code is amended by changing Section
6-1002.5 as follows:
 
    (55 ILCS 5/6-1002.5)
    Sec. 6-1002.5. Capital Improvement, Repair, or Replacement
Fund.
    (a) In its annual budget, a county may appropriate an
amount not to exceed 5% 3% of the amount appropriated to the
county's general corporate or operating fund, for the purpose
of making specified capital improvements, repairs, or
replacements with respect to real property or equipment or
other tangible personal property of the county. Any amount so
appropriated shall be deposited into a special fund to be known
as the County Capital Improvement, Repair, or Replacement Fund
("the Fund"). Expenditures from the Fund shall be budgeted in
the fiscal year in which the capital improvement, repair, or
replacement will occur.
    (b) Moneys shall be transferred from the Fund into the
county's general corporate or operating fund as follows:
        (1) When a capital improvement, repair, or replacement
    project is completed, or when such a project is abandoned,
    and the county board determines that there remain in the
    Fund unspent moneys that were budgeted for the project,
    those unspent moneys shall be transferred.
        (2) When the county board determines that surplus
    moneys, not needed for any capital improvement, repair, or
    replacement project for which the Fund was established,
    remain in the Fund, those surplus moneys shall be
    transferred.
    Moneys transferred to the county's general corporate or
operating fund under this subsection shall be transferred on
the first day of the fiscal year following the fiscal year in
which the unspent or surplus moneys were determined to exist.
(Source: P.A. 88-446.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/22/2005