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Twp Cd-accumulation of Funds

It became law on Jul 30, 2021.

IL SB 1799 · Senate Bill · 102nd

Stage
Became law
Started in
Senate
Sponsors
Latest action
Jul 30, 2021

What it does

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. Senate Committee Amendment No. 1 Deletes reference to: 60 ILCS 1/245-25 new Adds reference to: 60 ILCS 1/85-65 Replaces everything after the enacting clause. Amends the Township Code. Provides that general assistance funds are included in provisions prohibiting accumulation of…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Jul 30, 2021

What moved

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

In the news

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Where it goes next

It is law in Illinois. What happens now is up to the agency that carries it out, the courts, and the place itself.

Work with this bill

TWP CD-ACCUMULATION OF FUNDS | 52