Public Act 093-1025
 
HB0843 Enrolled LRB093 05626 WGH 05719 b

    AN ACT in relation to townships.
 
    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
Sections 285-5 and 285-10 as follows:
 
    (60 ILCS 1/285-5)
    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.
(Source: P.A. 84-1308; 88-62.)
 
    (60 ILCS 1/285-10)
    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
defraying the general charges and expenses of the township; for
laying out, making, and repairing the roads and bridges of the
township and purchasing materials, implements, and machinery
for those undertakings; for the maintenance and operation of
open spaces; and for the payment of any outstanding orders, all
in the manner and proportions the legal voters of the township
determine at their annual township meeting or special township
meeting duly called for that purpose.
    (b) Moneys in the hands of the township supervisor under
subsection (b) of Section 285-5 may be appropriated and
expended only for purposes relating to the purposes for which
the bonds were issued.
(Source: Laws 1889, p. 357; P.A. 88-62.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/25/2004