Sen. Terry Link
Filed: 5/19/2004
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1 | AMENDMENT TO HOUSE BILL 843
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2 | AMENDMENT NO. ______. Amend House Bill 843, AS AMENDED, by | ||||||
3 | replacing everything after the enacting clause with the | ||||||
4 | following:
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5 | "Section 5. The Township Code is amended by changing | ||||||
6 | Sections 285-5 and 285-10 as follows:
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7 | (60 ILCS 1/285-5)
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8 | Sec. 285-5. Payment of bond fund balance to township. | ||||||
9 | (a)
Whenever
all the bonds
of any township have been fully | ||||||
10 | paid and canceled and there remains in the
hands of the county | ||||||
11 | collector of taxes or county treasurer, after the payment,
any | ||||||
12 | balance to the credit of the bond fund of the township, the | ||||||
13 | county
collector of taxes or county treasurer shall pay to the | ||||||
14 | supervisor of the
township the balance of the fund in his | ||||||
15 | hands, taking a receipt of the
supervisor for the payment , and | ||||||
16 | the balance may be appropriated and expended in accordance with | ||||||
17 | subsection (a) of Section 285-10 . | ||||||
18 | (b) Beginning on the effective date of this amendatory Act | ||||||
19 | of the 93rd General Assembly and through December 31, 2004, | ||||||
20 | whenever all the bonds of any township have been fully paid and | ||||||
21 | canceled and there remains any balance to the credit of the | ||||||
22 | bond fund of the township, including any amounts that were in | ||||||
23 | the bond fund prior to the payment in full and cancellation of | ||||||
24 | the bonds, in the hands of the township supervisor (other than |
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1 | amounts paid to the supervisor under subsection (a)), the | ||||||
2 | balance may be appropriated and expended in accordance with | ||||||
3 | subsection (b) of Section 285-10.
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4 | (Source: P.A. 84-1308; 88-62.)
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5 | (60 ILCS 1/285-10)
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6 | Sec. 285-10. Use of moneys. | ||||||
7 | (a) Moneys paid to the township supervisor
under
subsection | ||||||
8 | (a) of Section 285-5, may be appropriated and expended for | ||||||
9 | defraying the general
charges and expenses of the township; for | ||||||
10 | laying out, making, and repairing the
roads and bridges of the | ||||||
11 | township and purchasing materials, implements, and
machinery | ||||||
12 | for those undertakings; for the maintenance and operation of | ||||||
13 | open spaces; and for the payment of any outstanding
orders, all | ||||||
14 | in the manner and proportions the legal voters of the township
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15 | determine at their annual township meeting or special township | ||||||
16 | meeting duly
called for that purpose. | ||||||
17 | (b) Moneys in the hands of the township supervisor under | ||||||
18 | subsection (b) of Section 285-5 may be appropriated and | ||||||
19 | expended only for purposes relating to the purposes for which | ||||||
20 | the bonds were issued.
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21 | (Source: Laws 1889, p. 357; P.A. 88-62.)
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22 | Section 99. Effective date. This Act takes effect upon | ||||||
23 | becoming law.".
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