Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

60 ILCS 1/Art. 285

(60 ILCS 1/Art. 285 heading) ARTICLE 285.

TOWNSHIP BOND

MONEY REFUNDS

60 ILCS 1/285-5

(60 ILCS 1/285-5)

Sec. 285-5. Payment of bond fund balance to township.

(a)
Whenever
all the bonds
of any township have been fully paid and canceled and there remains in the
hands of the county collector of taxes or county treasurer, after the payment,
any balance to the credit of the bond fund of the township, the county
collector of taxes or county treasurer shall pay to the supervisor of the
township the balance of the fund in his hands, taking a receipt of the
supervisor for the payment, and the balance may be appropriated and expended in accordance with subsection (a) of Section 285-10.

(b) Beginning on the effective date of this amendatory Act of the 93rd General Assembly and through December 31, 2004, whenever all the bonds of any township have been fully paid and canceled and there remains any balance to the credit of the bond fund of the township, including any amounts that were in the bond fund prior to the payment in full and cancellation of the bonds, in the hands of the township supervisor (other than amounts paid to the supervisor under subsection (a)), the balance  may be appropriated and expended in accordance with subsection (b) of Section 285-10.

(Source: P.A. 93-1025, eff. 8-25-04.)

60 ILCS 1/285-10

(60 ILCS 1/285-10)

Sec. 285-10. Use of moneys.

(a) Moneys paid to the township supervisor
under
subsection (a) of Section 285-5, may be appropriated and expended for defraying the general
charges and expenses of the township; for laying out, making, and repairing the
roads and bridges of the township and purchasing materials, implements, and
machinery for those undertakings; for the maintenance and operation of open spaces; and for the payment of any outstanding
orders, all in the manner and proportions the legal voters of the township
determine at their annual township meeting or special township meeting duly
called for that purpose.

(b) Moneys in the hands of the township supervisor under subsection (b) of Section 285-5 may be appropriated and expended only for purposes relating to the purposes for which the bonds were issued.

(Source: P.A. 93-1025, eff. 8-25-04.)

60 ILCS 1/285-15

(60 ILCS 1/285-15)

Sec. 285-15.

Payment to highway commissioner.

Whenever a township board that obtains or receives
surplus moneys under Section 285-5 determines by
resolution that a particular amount or portion of the surplus
moneys be paid to the highway commissioner of the township
for road and bridge purposes as provided in Section 285-10, the
township supervisor shall pay that amount to the highway commissioner of
the township and take the highway commissioner's receipt for the payment.

(Source: P.A. 82-783; 88-62.)