Bill Text: IL SB1799 | 2021-2022 | 102nd General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Township Code. Provides that general assistance funds are included in provisions prohibiting accumulation of township funds that exceed an amount equal to or greater than 2.5 times the annual average expenditure of the previous 3 fiscal years. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Passed) 2021-07-30 - Public Act . . . . . . . . . 102-0231 [SB1799 Detail]

Download: Illinois-2021-SB1799-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 SB1799 Introduced 2/26/2021, by Sen. Thomas Cullerton SYNOPSIS AS INTRODUCED:
60 ILCS 1/245-25 new
Amends the Township Code. Provides that, if the township board determines that one or more funds of the township are in excess of the amount needed for purposes of such fund or funds for the remainder of the then-current fiscal year, the township board may, within one year after the effective date of the amendatory Act, direct a one-time transfer of such excess funds to any other fund or funds of the township.
LRB102 14493 AWJ 19846 b
A BILL FOR
SB1799 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 adding Section
245-25 as follows:
(60 ILCS 1/245-25 new)
Sec. 245-25. Excess township funds. If the township board
determines that one or more funds of the township are in excess
of the amount needed for purposes of such fund or funds for the
remainder of the then-current fiscal year, the township board
may, within one year after the effective date of this
amendatory Act of the 102nd General Assembly, direct a
one-time transfer of such excess funds to any other fund or
funds of the township.