SB0087 EnrolledLRB099 03642 AWJ 23650 b

1    AN ACT concerning local government.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Counties Code is amended by changing Section
56-1002.5 as follows:
6    (55 ILCS 5/6-1002.5)
7    Sec. 6-1002.5. Capital Improvement, Repair, or Replacement
9    (a) In the preparation of the its annual budget, an amount
10not to exceed 3% of the equalized assessed value of property
11subject to taxation by the county may be accumulated in a
12separate fund a county may appropriate an amount not to exceed
135% of the amount appropriated to the county's general corporate
14or operating fund, for the purpose of making specified capital
15improvements, repairs, or replacements with respect to real
16property or equipment or other tangible personal property of
17the county. Any amount so accumulated appropriated shall be
18deposited into a special fund to be known as the County Capital
19Improvement, Repair, or Replacement Fund ("the Fund").
20Expenditures from the Fund shall be budgeted in the fiscal year
21in which the capital improvement, repair, or replacement will
23    (b) Moneys shall be transferred from the Fund into the



SB0087 Enrolled- 2 -LRB099 03642 AWJ 23650 b

1county's general corporate or operating fund as follows:
2        (1) When a capital improvement, repair, or replacement
3    project is completed, or when such a project is abandoned,
4    and the county board determines that there remain in the
5    Fund unspent moneys that were budgeted for the project,
6    those unspent moneys shall be transferred.
7        (2) When the county board determines that surplus
8    moneys, not needed for any capital improvement, repair, or
9    replacement project for which the Fund was established,
10    remain in the Fund, those surplus moneys shall be
11    transferred.
12    Moneys transferred to the county's general corporate or
13operating fund under this subsection shall be transferred on
14the first day of the fiscal year following the fiscal year in
15which the unspent or surplus moneys were determined to exist.
16(Source: P.A. 94-644, eff. 8-22-05.)