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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB0832
Introduced 2/2/2005, by Rep. David R. Leitch SYNOPSIS AS INTRODUCED:
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Amends the Counties Code. Provides that, in its annual budget, a county may appropriate an amount not to exceed
5% (now, 3%) of the amount appropriated to the county's general corporate or operating
fund,
for the purpose of making specified capital improvements, repairs,
or replacements with respect to real property or equipment or other tangible
personal property of the county. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB0832 |
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LRB094 06403 BDD 36488 b |
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| AN ACT concerning local government.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Counties Code is amended by changing Section |
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| 6-1002.5 as follows:
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| (55 ILCS 5/6-1002.5)
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| Sec. 6-1002.5. Capital Improvement, Repair, or Replacement |
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| Fund.
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| (a) In its annual budget, a county may appropriate an |
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| amount not to exceed
5%
3% of the amount appropriated to the |
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| county's general corporate or operating
fund,
for the purpose |
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| of making specified capital improvements, repairs,
or |
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| replacements with respect to real property or equipment or |
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| other tangible
personal property of the county. Any amount so |
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| appropriated shall be deposited
into a special fund to be known |
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| as the County Capital Improvement, Repair, or
Replacement Fund |
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| ("the Fund"). Expenditures from the Fund shall be budgeted in
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| the fiscal year in which the capital improvement, repair, or |
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| replacement
will occur.
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| (b) Moneys shall be transferred from the Fund into the |
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| county's general
corporate or operating fund as follows:
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| (1) When a capital improvement, repair, or replacement |
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| project is
completed, or when such a project is abandoned, |
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| and the county board determines
that there remain in the |
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| Fund unspent moneys that were budgeted for the
project, |
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| those unspent moneys shall be transferred.
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| (2) When the county board determines that surplus |
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| moneys, not needed for
any capital improvement, repair, or |
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| replacement project for which the Fund was
established, |
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| remain in the Fund, those surplus moneys shall be |
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| transferred.
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| Moneys transferred to the county's general corporate or |