Illinois General Assembly - Full Text of HB1673
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Full Text of HB1673  95th General Assembly



HB1673 Enrolled LRB095 08983 HLH 29174 b

1     AN ACT concerning forest preserve districts.
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4     Section 5. The Downstate Forest Preserve District Act is
5 amended by adding Section 13.8 as follows:
6     (70 ILCS 805/13.8 new)
7     Sec. 13.8. In the preparation of the annual appropriation
8 ordinance, an amount not to exceed 0.02% of the equalized
9 assessed value of property subject to taxation by the district
10 may be accumulated in a separate fund for the purpose of
11 specific capital improvements, repairs, or replacements of
12 district equipment or other tangible property. The Fund shall
13 be designated as the "Capital Improvement, Repair, or
14 Replacement Fund". Expenditures from the Capital Improvement,
15 Repair, or Replacement Fund shall be appropriated for the
16 fiscal year in which the capital improvement, repair, or
17 replacement will occur. If any surplus moneys remain in the
18 Fund after the completion or abandonment of any object for
19 which moneys from the Capital Improvement, Repair, or
20 Replacement Fund were used, then any funds no longer necessary
21 for capital improvement, repair, or replacement shall be
22 transferred into the general corporate fund of the district on
23 the first day of the fiscal year following the abandonment or



HB1673 Enrolled - 2 - LRB095 08983 HLH 29174 b

1 completion of the object or the discovery of the surplus funds.
2     Section 99. Effective date. This Act takes effect upon
3 becoming law.