(65 ILCS 5/8-2-9.7) (from Ch. 24, par. 8-2-9.7)

Sec. 8-2-9.7. Funds for contingency purposes. The annual budget may contain money set aside for contingency purposes not to exceed ten percent of the total budget, less the amount set aside for contingency purposes, which monies may be expended for contingencies upon a majority vote of the corporate authorities then holding office.

(Source: P.A. 76-1117.)