(60 ILCS 1/245-20)
Sec. 245-20.
Transfer of interest income.
The township board of any
township,
when
requested by the treasurer, may authorize the transfer of interest earned on
any of the
moneys of the township into the fund of the township that is most in need of
the interest.
This Section does not apply to any interest earned that has been earmarked or
restricted
for a designated purpose. This Section does not apply to any interest earned on
any funds
for the purpose of municipal retirement under the Illinois Pension Code and
tort
immunity under the Local Governmental and Governmental Employees Tort Immunity
Act. Interest earned on these funds may be used only for the purposes
authorized for the
respective funds from which the interest earnings were derived.
(Source: P.A. 92-107, eff. 7-20-01.)
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(60 ILCS 1/Art. 250 heading) ARTICLE 250.
TRANSFERS FROM
TOWNSHIP GENERAL FUND TO TOWNSHIP
GENERAL ASSISTANCE FUND
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(60 ILCS 1/250-5)
Sec. 250-5.
Transfers from general fund to general assistance fund.
The
township board may direct the transfer of any amount from the township general
fund to the township general assistance fund that is not appropriated for
purposes other than general assistance and may provide for paying into the
general assistance fund any moneys received by the township from any source
other than taxes that can be made available for general assistance purposes.
(Source: P.A. 82-783; 88-62.)
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(60 ILCS 1/Art. 255 heading) ARTICLE 255.
TRANSFERS FROM
ROAD AND BRIDGE FUND
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