(70 ILCS 1205/11.2-6)
(from Ch. 105, par. 11.2-6)
If any park district which has created a working cash
fund under this Act abates or abolishes that fund, that park district may
not again create such a working cash fund until at least 10 years have elapsed
after the date that fund was abated or abolished. No such working cash
fund shall be abated or abolished unless the governing board of the park
district has by adoption of a resolution provided and directed the transfer
of any balance in such fund to the general corporate fund of the district
at the close of the then current year. Any outstanding loans shall be paid
to the general funds of the district at the close of the then current year.
Thereafter, all outstanding taxes of such park district levied pursuant
to this Article shall be collected and paid into the general funds of the
district. Any obligation incurred by such park district pursuant to this
Article shall be discharged as therein provided.
(Source: P.A. 79-1379.)