(70 ILCS 810/42.4) (from Ch. 96 1/2, par. 6445.4)
Sec. 42.4.
Moneys shall be transferred from a zoological park working
cash fund to the zoological fund of the district only upon the authority of
the forest preserve district board, which shall from time to time by
separate resolution direct the district treasurer to make transfers of such
sums as may be required for the purposes herein authorized. Every such
resolution shall set forth (a) the taxes or other moneys in anticipation of
the collection or receipt of which such transfer is to be made and from
which such working cash fund is to be reimbursed, (b) the entire amount of
taxes extended or which the board estimates will be extended, or received,
for any year, in anticipation of the collection of all or part of which
such transfer is to be made, (c) the aggregate amount of warrants or note
theretofore issued in anticipation of the collection of such taxes together
with the interest accrued and which the board estimates will accrue thereon
and (d) the aggregate amount of moneys theretofore transferred from the
working cash fund to the zoological fund in anticipation of the collection
of taxes levied or to be received for any year, together with the aggregate
amount of such anticipation tax warrants theretofore drawn against such
taxes and the amount of the interest accrued and estimated to accrue on
such warrants or notes and the aggregate amount of such transfers
theretofore made in anticipation of the collection of such taxes, shall not
exceed 90% of the actual or estimated amount of such taxes extended or to
be extended, or to be received, as set forth in such resolution.
To the extent that at any time moneys are available in the working cash
fund they shall be transferred to the zoological fund and disbursed for the
payment of salaries and other zoological expenses so as to avoid, whenever
possible, the issuance of anticipation tax warrants or notes.
(Source: P.A. 81-1498.)
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