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Public Act 093-1025 |
HB0843 Enrolled |
LRB093 05626 WGH 05719 b |
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AN ACT in relation to townships.
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Be it enacted by the People of the State of Illinois, |
represented in the General Assembly:
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Section 5. The Township Code is amended by changing |
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. |
(a)
Whenever
all the bonds
of any township have been fully |
paid and canceled and there remains in the
hands of the county |
collector of taxes or county treasurer, after the payment,
any |
balance to the credit of the bond fund of the township, the |
county
collector of taxes or county treasurer shall pay to the |
supervisor of the
township the balance of the fund in his |
hands, taking a receipt of the
supervisor for the payment , and |
the balance may be appropriated and expended in accordance with |
subsection (a) of Section 285-10 . |
(b) Beginning on the effective date of this amendatory Act |
of the 93rd General Assembly and through December 31, 2004, |
whenever all the bonds of any township have been fully paid and |
canceled and there remains any balance to the credit of the |
bond fund of the township, including any amounts that were in |
the bond fund prior to the payment in full and cancellation of |
the bonds, in the hands of the township supervisor (other than |
amounts paid to the supervisor under subsection (a)), the |
balance may be appropriated and expended in accordance with |
subsection (b) of Section 285-10.
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(Source: P.A. 84-1308; 88-62.)
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(60 ILCS 1/285-10)
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Sec. 285-10. Use of moneys. |
(a) Moneys paid to the township supervisor
under
subsection |
(a) of Section 285-5, may be appropriated and expended for |