Illinois General Assembly - Full Text of Public Act 095-0218
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Public Act 095-0218




Public Act 095-0218
HB1673 Enrolled LRB095 08983 HLH 29174 b

    AN ACT concerning forest preserve districts.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 5. The Downstate Forest Preserve District Act is
amended by adding Section 13.8 as follows:
    (70 ILCS 805/13.8 new)
    Sec. 13.8. In the preparation of the annual appropriation
ordinance, an amount not to exceed 0.02% of the equalized
assessed value of property subject to taxation by the district
may be accumulated in a separate fund for the purpose of
specific capital improvements, repairs, or replacements of
district equipment or other tangible property. The Fund shall
be designated as the "Capital Improvement, Repair, or
Replacement Fund". Expenditures from the Capital Improvement,
Repair, or Replacement Fund shall be appropriated for the
fiscal year in which the capital improvement, repair, or
replacement will occur. If any surplus moneys remain in the
Fund after the completion or abandonment of any object for
which moneys from the Capital Improvement, Repair, or
Replacement Fund were used, then any funds no longer necessary
for capital improvement, repair, or replacement shall be
transferred into the general corporate fund of the district on
the first day of the fiscal year following the abandonment or
completion of the object or the discovery of the surplus funds.
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 8/16/2007