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| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB4867 Introduced 2/18/2020, by Rep. Kathleen Willis SYNOPSIS AS INTRODUCED:
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Amends the Township Code. Provides that township funds that shall not exceed an amount equal to or greater than 2.5 times the annual average expenditure of the previous 3 fiscal years include general assistance funds.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB4867 | | LRB101 18570 AWJ 68025 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 Township Code is amended by changing Section |
| 5 | | 85-65 as follows:
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| 6 | | (60 ILCS 1/85-65) |
| 7 | | Sec. 85-65. Accumulation of funds. Township funds, |
| 8 | | including, but not limited to, general assistance funds and |
| 9 | | excluding the township's capital fund, shall not exceed an |
| 10 | | amount equal to or greater than 2.5 times the annual average |
| 11 | | expenditure of the previous 3 fiscal years.
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| 12 | | (Source: P.A. 100-474, eff. 9-8-17.)
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