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| | SB2450 Engrossed | | LRB100 16552 AWJ 31684 b |
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1 | | AN ACT concerning local government.
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2 | | Be it enacted by the People of the State of Illinois,
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3 | | represented in the General Assembly:
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4 | | Section 5. The Illinois Local Library Act is amended by |
5 | | changing Section 4-15 as follows:
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6 | | (75 ILCS 5/4-15) (from Ch. 81, par. 4-15)
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7 | | Sec. 4-15. Appropriations. |
8 | | (a) Appropriations for library purposes within the annual |
9 | | appropriation
ordinance of the corporate authority, shall |
10 | | terminate with the close of the
fiscal year of the library, |
11 | | except that any remaining balances shall be
available for 90 |
12 | | days thereafter for the authorization of the
payment and the |
13 | | payment of
obligations incurred either before the close of the |
14 | | fiscal year or
within the 90-day period thereafter. All |
15 | | balances remaining after such
90-day period shall
be available |
16 | | for transfer to be accumulated
under Sections 5-1 and 5-8 of |
17 | | this Act. |
18 | | (b) Transfers from one appropriation to another |
19 | | appropriation of any amount specified, for any object and |
20 | | purpose, and that does not affect the total amount appropriated |
21 | | by the annual appropriation ordinance may be made at any |
22 | | meeting of a board by a two-thirds vote of all the trustees |
23 | | present and voting. |