093_HB2618ham002











                                     LRB093 08292 MKM 13539 a

 1                    AMENDMENT TO HOUSE BILL 2618

 2        AMENDMENT NO.     .  Amend House Bill 2618,  AS  AMENDED,
 3    with  reference  to  page and line numbers of House Amendment
 4    No. 1, on page 14, by replacing line 31 with the following:
 5    "Act is amended by changing Section 2 and by  adding  Section
 6    4.5 as follows:"; and

 7    on  page  17,  immediately  below  line  32, by inserting the
 8    following:

 9        "(70 ILCS 1510/4.5 new)
10        Sec. 4.5. Abolishment of working cash fund.  The  Chicago
11    Park  District  may  abolish  its  working cash fund upon the
12    adoption of a resolution providing for the abolishment of the
13    fund and direct the transfer of any balance in  the  fund  to
14    the general corporate fund. Any outstanding transfer from the
15    working  cash to the general corporate fund or any other fund
16    of the Chicago Park District shall be paid or become  payable
17    to the general corporate fund at the close of the then fiscal
18    year.  Thereafter,  all outstanding taxes of the Chicago Park
19    District levied pursuant to Section 2 shall be collected  and
20    paid into the general corporate fund. Any obligation incurred
21    by  the  Chicago Park District pursuant to Section 2 shall be
22    discharged as provided therein. Upon the abolishment  of  the
 
                            -2-      LRB093 08292 MKM 13539 a
 1    working  cash  fund, the fund may not be re-established for a
 2    period of 4 years.".