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Sen. Terry Link
Filed: 5/19/2004
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09300HB0843sam002 |
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LRB093 05626 BDD 51315 a |
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| AMENDMENT TO HOUSE BILL 843
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| AMENDMENT NO. ______. Amend House Bill 843, AS AMENDED, by |
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| replacing everything after the enacting clause with the |
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| following:
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| "Section 5. The Township Code is amended by changing |
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| Sections 285-5 and 285-10 as follows:
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| (60 ILCS 1/285-5)
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| Sec. 285-5. Payment of bond fund balance to township. |
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| (a)
Whenever
all the bonds
of any township have been fully |
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| paid and canceled and there remains in the
hands of the county |
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| collector of taxes or county treasurer, after the payment,
any |
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| balance to the credit of the bond fund of the township, the |
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| county
collector of taxes or county treasurer shall pay to the |
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| supervisor of the
township the balance of the fund in his |
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| hands, taking a receipt of the
supervisor for the payment , and |
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| the balance may be appropriated and expended in accordance with |
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| subsection (a) of Section 285-10 . |
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| (b) Beginning on the effective date of this amendatory Act |
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| of the 93rd General Assembly and through December 31, 2004, |
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| whenever all the bonds of any township have been fully paid and |
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| canceled and there remains any balance to the credit of the |
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| bond fund of the township, including any amounts that were in |
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| the bond fund prior to the payment in full and cancellation of |
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| the bonds, in the hands of the township supervisor (other than |