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Sen. Chapin Rose
Filed: 5/19/2017
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| 1 | | AMENDMENT TO HOUSE BILL 1896
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| 2 | | AMENDMENT NO. ______. Amend House Bill 1896 by replacing |
| 3 | | everything after the enacting clause with the following:
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| 4 | | "Section 5. The Township Code is amended by adding Section |
| 5 | | 85-65 as follows:
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| 6 | | (60 ILCS 1/85-65 new) |
| 7 | | Sec. 85-65. Accumulation of funds. Township funds, |
| 8 | | excluding the township's capital fund, shall not exceed an |
| 9 | | amount equal to or greater than 2.5 times the annual average |
| 10 | | expenditure of the previous 3 fiscal years.
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| 11 | | Section 99. Effective date. This Act takes effect upon |
| 12 | | becoming law.".
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