SB1799enr 102ND GENERAL ASSEMBLY

SB1799 Enrolled LRB102 14493 AWJ 19846 b

AN ACT concerning local government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Township Code is amended by changing Section 85-65 as follows:

(60 ILCS 1/85-65)

Sec. 85-65. Accumulation of funds. Township funds, including, but not limited to, general assistance funds and excluding the township's capital fund, shall not exceed an amount equal to or greater than 2.5 times the annual average expenditure of the previous 3 fiscal years.

(Source: P.A. 100-474, eff. 9-8-17.)

Section 99. Effective date. This Act takes effect upon becoming law.