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Public Act 094-0840
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| SB2871 Enrolled |
LRB094 14947 AJO 50035 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 Chicago Park District Working Cash Fund Act |
is amended by adding Section 4.1 as follows:
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(70 ILCS 1510/4.1 new) |
Sec. 4.1. Abolishment of working cash fund. |
(a) The commissioners of the Chicago Park District may |
abolish its working cash fund by resolution and may transfer |
any balance remaining in the fund, including any interest that |
may have accrued, to the general corporate fund of the Chicago |
Park District at the end of the then current fiscal year. Any |
outstanding loans to other District funds shall be paid or |
become payable to the general corporate fund of the Chicago |
Park District at the close of the then current fiscal year. |
(b) Any obligation incurred by the Chicago Park District |
pursuant to Section 2 shall be discharged as therein provided.
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Section 99. Effective date. This Act takes effect upon |
becoming law.
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