60 ILCS 1/ Township Code.

(60 ILCS 1/Art. 265 heading) ARTICLE 265. TOWNSHIP FUNDS FOR SCHOOLS

(60 ILCS 1/265-5)

Sec. 265-5. Distribution to school districts.

(a) Whenever the electors attending an annual or special township meeting of a township in a county with a population of more than 1,000,000 (counties of the third class) determine that the general township fund of the township is in excess of the amount needed for township purposes during the remainder of the then current fiscal year, the electors may, by resolution adopted by the affirmative vote of two-thirds of the electors attending the meeting, direct that all or any portion of the excess funds be distributed ratably to the various school districts maintaining grades 1 through 8 that are wholly or partly located in the township. In any distribution to school districts, the share of each school district wholly or partly located within the township shall be the proportion that the assessed valuation of all property within the school district or part of the school district in the township bears to the total assessed valuation of all property in the township.

(b) For purposes of distribution ratably to school districts under this Section, the township supervisor shall determine the ratable distribution on the basis of the most recent assessment figures as supplied to him or her by the county assessor.

(Source: Laws 1959, p. 684; P.A. 88-62.)

(60 ILCS 1/265-10)

Sec. 265-10. Limitation on action. No action shall be taken under Section 265-5 at any annual or special township meeting unless the notice of the meeting, published at least 10 days before the meeting, included notification that the matter of distribution of excess funds to the school districts would be raised at the meeting. The electors of a township shall not take any action under Section 265-5 unless, for a period of 3 calendar years before the time the action is proposed to be taken, no taxes other than a tax for road purposes were levied in the township for township purposes.

(Source: Laws 1963, p. 762; P.A. 88-62.)

(60 ILCS 1/265-15)

Sec. 265-15. Notice of meeting. The township clerk or other township officer charged with posting notices of the annual or special township meeting shall include in the published notice of the annual or special township meeting a statement that the matter of the distribution of excess funds to the school districts will be considered at the meeting if, at least 20 days before the meeting, there is filed with the township officer a written statement, signed by at least 15 voters of the township, requesting that the notice of the meeting so state that the matter of the distribution of excess funds to the school districts will be considered at the meeting.

(Source: Laws 1959, p. 684; P.A. 88-62.)

(60 ILCS 1/Art. 275 heading) ARTICLE 275. TOWNSHIP FUNDS FOR MUSEUMS OR HISTORICAL SOCIETIES

(60 ILCS 1/275-5)

Sec. 275-5. Distribution to museum or historical society. Whenever a township board determines that the general township fund of the township contains funds not derived from a township tax levy that are not needed for township purposes during the remainder of the then current fiscal year, the board may by resolution direct that all or any portion of those funds (not to exceed $10,000) be distributed to a not for profit museum or historical society to be used for the operation and maintenance of the museum or historical society.

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

(60 ILCS 1/275-10)

Sec. 275-10. Purposes of museum or historical society. Any museum or historical society for which township funds are distributed under this Article shall be maintained and operated, in addition to any other purposes, for the following purposes:

(1) To foster and promote a sense of understanding and pride in the accomplishments and achievements of the people of the township.

(2) To promote a greater knowledge of the history of the township and its relationship to the history of the State of Illinois and the United States.

(3) To provide access to historical relics and items by the people of the township and in particular the youth of the township.

(Source: Laws 1967, p. 82; P.A. 88-62.)

(60 ILCS 1/275-15)

Sec. 275-15. Use of funds; financial statement.

(a) Any funds paid to a not for profit museum or historical society must be used solely for the maintenance and operation of the museum or historical society.

(b) Within 60 days after the close of the fiscal year of any museum or historical society for which funds were provided under this Article, the museum or historical society that received the funds shall file with the township clerk a complete statement of the financial affairs of the museum or historical society for the fiscal year. The statement must be verified under oath and must show, for the fiscal year, (i) the amount expended in the maintenance and operation of the museum or historical society and the reasons for the expenditure; (ii) the amount of township funds received; (iii) the amount and source of any other funds received for those purposes; and (iv) the amount remaining on hand for maintenance and operation of the museum or historical society. The township clerk shall record the statement in the record book of the township and shall cause the statement to be published in a newspaper having general circulation in the township within 30 days after it is filed with the clerk.

(Source: Laws 1967, p. 82; P.A. 88-62.)

(60 ILCS 1/Art. 280 heading) ARTICLE 280. TOWNSHIP REFUNDING BONDS

(60 ILCS 1/280-5)

Sec. 280-5. Refunding bonds.

(a) The corporate authorities of any township, without submitting the question to the electors of the township for approval, may authorize by ordinance the issuance of refunding bonds (i) to refund its bonds before their maturity; (ii) to refund its unpaid matured bonds; (iii) to refund matured coupons evidencing interest upon its unpaid bonds; (iv) to refund interest at the coupon rate upon its unpaid matured bonds that has accrued since the maturity of those bonds; and (v) to refund its bonds that by their terms are subject to redemption before maturity.

(b) The refunding bonds may be made registerable as to principal and may bear interest at a rate not to exceed 6% annually, payable at the time and place provided in the bond ordinance.

(c) The refunding bonds shall remain valid even though one or more of the officers executing the bonds ceases to hold that office before the bonds are delivered.

(d) For purposes of this Article, "corporate authorities of a township" means the board of officers who were authorized to issue the bonds that are being refunded under this Article.

(Source: Laws 1941, vol. 2, p. 489; P.A. 88-62.)

(60 ILCS 1/280-10)

Sec. 280-10. Refunding bond ordinance; tax rate.

(a) The ordinance authorizing the refunding bonds shall prescribe all details of the refunding bonds and shall provide for the levy and collection of a direct annual tax upon all the taxable property within the township sufficient to pay the principal of and interest on the refunding bonds as it matures. This tax shall be in addition to and exclusive of the maximum of all other taxes authorized to be levied by the township. Tax limitations applicable to the township provided by other statutes of this State shall not apply to taxes levied for payment of these refunding bonds.

(b) A certified copy of the bond ordinance shall be filed with the county clerk of the county in which the township or any portion of the township is situated and shall constitute the authority for the extension and collection of refunding bond and interest taxes as required by the Illinois Constitution.

(Source: Laws 1941, vol. 2, p. 489; P.A. 88-62.)

(60 ILCS 1/280-15)

Sec. 280-15. Exchange or sale of refunding bonds.

(a) The refunding bonds may be exchanged for the bonds to be refunded on the basis of dollar for dollar for the par value of the bonds, interest coupons, and interest not represented by coupons, if any. Instead of this exchange, the refunding bonds may be sold at not less than their par value and accrued interest. The proceeds received from their sale shall be used to pay the bonds, interest coupons, and interest not represented by coupons, if any. This payment may be made without any prior appropriation for the payment under any budget law.

(b) Bonds and interest coupons that have been received in exchange or paid shall be cancelled, and the obligation for interest, not represented by coupons, that has been discharged shall be evidenced by a written acknowledgment of the exchange or payment.

(Source: Laws 1941, vol. 2, p. 489; P.A. 88-62.)

(60 ILCS 1/280-20)

Sec. 280-20. Form of refunding bonds; use of tax proceeds.

(a) The refunding bonds shall be of a form and denomination, payable at a place, bear a date, and be executed by officials as provided by the corporate authorities of the township in the bond ordinance. They shall mature within not more than 20 years from their date and may be made callable on any interest payment date at par and accrued interest after notice has been given at the time and in the manner provided in the bond ordinance.

(b) If there is no default in payment of the principal of or interest upon the refunding bonds and if, after setting aside a sum of money equal to the amount of interest that will accrue on the refunding bonds and a sum of money equal to the amount of principal that will become due on the refunding bonds within the next 6 months period, then the treasurer of the township shall use the money available from the proceeds of taxes levied for the payment of the refunding bonds in calling them for payment if, by their terms, they are subject to redemption. A township may, however, provide in the bond ordinance that whenever the township is not in default in payment of the principal of or interest upon the refunding bonds and has set aside the sums of money provided in this paragraph for interest accruing and principal maturing within the next 6 months period, the money available from the proceeds of taxes levied for the payment of refunding bonds shall be used first in the purchase of the refunding bonds at the lowest price obtainable (but not to exceed their par value and accrued interest) after sealed tenders for their purchase have been advertised for as directed by the corporate authorities of the township.

(c) Refunding bonds called for payment and paid or purchased under this Section shall be marked paid and cancelled.

(Source: Laws 1941, vol. 2, p. 489; P.A. 88-62.)

(60 ILCS 1/280-25)

Sec. 280-25. Abatement of taxes.

(a) Whenever any refunding bonds are purchased and cancelled under Section 280-20, the taxes thereafter to be extended for payment of the principal of and interest on the remainder of the issue shall be reduced in an amount equal to the principal of and the interest that would have thereafter accrued upon the refunding bonds cancelled. A resolution shall be adopted by the corporate authorities of the township finding these facts. A certified copy of this resolution shall be filed with the county clerk specified in Section 280-10, whereupon the county clerk shall reduce and extend the tax levies in accordance with the resolution.

(b) Whenever refunding bonds are issued, proper reduction of taxes previously levied for the payment of the bonds refunded and next to be extended for collection shall be made by the county clerk upon receipt of a certificate signed by the supervisor or other corresponding officer of the township showing the bonds refunded and the tax to be abated.

(Source: Laws 1941, vol. 2, p. 489; P.A. 88-62.)

(60 ILCS 1/280-30)

Sec. 280-30. Sinking fund.

(a) Money that becomes available from taxes that were levied for prior years for payment of bonds or interest coupons that were paid or refunded before those taxes were collected, after payment of all warrants that may have been issued in anticipation of these taxes, shall be placed in the sinking fund account provided in this Section. The account shall be used to purchase, call for payment, or pay at maturity refunding bonds and interest on those bonds as provided in this Section.

(b) Money received from the proceeds of taxes levied for the payment of the principal of and interest upon refunding bonds shall be deposited in a special fund of the township designated as the Refunding Bond and Interest Sinking Fund Account of (name of township). This fund shall be faithfully applied to the purchase or payment of refunding bonds and the interest on those bonds under this Article.

(c) If the money in the sinking fund is not immediately necessary for the payment of refunding bonds or if refunding bonds cannot be purchased before maturity, then, under the direction of the corporate authorities of the township, the money may be invested by the treasurer of the township in bonds or other interest bearing obligations of the United States or in bonds of the State of Illinois.

(d) The maturity date of the securities in which the money in the sinking fund is invested shall be before the due date of any issue of refunding bonds of the investing township. The corporate authorities may sell these securities whenever necessary to obtain cash to meet bond and interest payments.

(Source: Laws 1941, vol. 2, p. 489; P.A. 88-62.)

(60 ILCS 1/280-35)

Sec. 280-35. Notice to owners of unpaid bonds; refunding plan.

(a) The corporate authorities of a township may take any action that may be necessary to inform the owners of unpaid bonds regarding the financial condition of the township and the necessity of refunding its unpaid bonds and readjusting the maturities of those bonds in order that sufficient taxes may be collected to take care of these bonds and thus re-establish the credit of the township.

(b) The corporate authorities may enter into any agreement required to prepare and carry out any refunding plan and, without any previous appropriation under any budget law, may incur and pay expenditures that may be necessary in order to accomplish the refunding of the bonds of the township.

(Source: Laws 1941, vol. 2, p. 489; P.A. 88-62.)

(60 ILCS 1/280-40)

Sec. 280-40. Application and construction. This Article applies to any township, regardless of the law under which it is organized and operating, and constitutes complete authority for issuing refunding bonds under this Article without reference to other laws. This Article shall be construed as conferring powers in addition to, but not as limiting, powers granted under other laws.

(Source: Laws 1941, vol. 2, p. 489; P.A. 88-62.)

(60 ILCS 1/Art. 285 heading) ARTICLE 285. TOWNSHIP BOND MONEY REFUNDS

(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)

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)

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.)

(60 ILCS 1/Art. 290 heading) ARTICLE 290. SEVERABILITY

(60 ILCS 1/290-5)

Sec. 290-5. Severability. If any Section, paragraph, clause, or provision of this Code is held invalid, the invalidity of that Section, paragraph, clause, or provision shall not affect any other provision of this Code.

(Source: Laws 1945, p. 1735; P.A. 88-62.)

(60 ILCS 1/Art. 305 heading) ARTICLE 305. CODIFICATION PROVISIONS

(60 ILCS 1/305-105)

Sec. 305-105. Prior law.

(a) A provision of this Code that is the same or substantially the same as a prior law shall be construed as a continuation of the prior law and not as a new or different law.

(b) A citation in another Act to an Act or to a Section of an Act that is continued in this Code shall be construed to be a citation to that continued provision in this Code.

(Source: P.A. 88-62.)

(60 ILCS 1/305-110)

Sec. 305-110. Other Acts of the 88th General Assembly. If any other Act of the 88th General Assembly changes, adds, or repeals a provision of prior law that is continued in this Code, then that change, addition, or repeal in the other Act shall be construed together with this Code.

(Source: P.A. 88-62.)

(60 ILCS 1/305-115)

Sec. 305-115. Home rule; mandates. Nothing in this Code as initially enacted (i) is a denial or limitation on home rule powers where no denial or limitation existed under prior law or (ii) creates a State mandate under the State Mandates Act where no mandate existed under prior law.

(Source: P.A. 88-62.)

(60 ILCS 1/Art. 310 heading) ARTICLE 310. REPEALS

(60 ILCS 1/310-105)

Sec. 310-105. Repeals.

(a) The following Acts or parts of Acts are repealed:

Sections 36 through 36.6 of the Fees and Salaries Act.

The Township Law of 1874.

The Township Annexation Act.

The Townships Within Cities Act.

The Township Consolidation Act.

The Town Hall Purchase Act.

The Town Hall and Multi-Purpose Senior Center Act.

The Township Monument Act.

The Township Community Buildings Act.

The Township Comfort Station Act.

The Township Non-Sectarian Hospital Act.

The Town Hospital Act.

The Township Hospital Leasing Act.

The Township Waterworks Act.

The Township Bond Money Refund Act.

The Surplus Township Funds Transfer Act.

The Township Road Fund Transfer Act.

The Township Funds for Schools Act.

The Township Funds for Guidance Centers Act.

The Township Funds for Historical Societies Act.

The Township Refunding Bond Act.

The Township Purchasing Act.

The Township Zoning Act.

The Township Open Space Act.

The Township Refuse Collection and Disposal Act.

The Township Emergency Equipment Act.

The Township Cemetery Act.

The Joint Cemetery Act.

The Township Mental Health Facility Tax Act.

The Township Park Bond Act.

The Township Park Land Acquisition Act.

The Township Senior Citizens' Housing Act.

(b) The following laws are obsolete and are, therefore, repealed without being continued in this Code:

Sections 7-3 and 7-4 (election of officers at town meeting) of the Township Law of 1874.

Section 0.01 (short title) of the Township Annexation Act.

Section 0.01 (short title) of the Townships Within Cities Act.

Section 0.01 (short title) of the Township Consolidation Act.

Section 0.01 (short title) of the Town Hall Purchase Act.

Section 0.01 (short title) of the Town Hall Act.

Section 0.01 (short title) of the Township Monument Act.

Sections 0.01 (short title) and 12 (repealer) of the Township Community Buildings Act.

Section 0.01 (short title) of the Township Comfort Station Act.

Section 0.01 (short title) of the Township Non-Sectarian Hospital Act.

Sections 0.01 (short title) and 6b (prompt payment) of the Town Hospital Act.

Section 0.01 (short title) of the Township Hospital Leasing Act.

Section 0.01 (short title) of the Township Waterworks Act.

Section 0.01 (short title) of the Township Bond Money Refund Act.

Sections 0.01 (short title) and 4 (partial invalidity) of the Surplus Town Funds Transfer Act.

Section 0.01 (short title) of the Township Road Fund Transfer Act.

Section 0.01 (short title) of the Township Funds for Schools Act.

Section 0.01 (short title) of the Township Funds for Guidance Centers Act.

Section 0.01 (short title) of the Township Funds for Historical Societies Act.

Section 0.01 (short title) of the Township Refunding Bond Act.

Section 0.01 (short title) of the Township Purchasing Act.

Section 1 (short title) of the Township Zoning Act.

Section 1 (short title) of the Township Open Space Act.

Section 1 (short title) of the Township Refuse Collection and Disposal Act.

Section 0.01 (short title) of the Township Emergency Equipment Act.

Sections 0.01 (short title) and 1.2 (prompt payment) of the Township Cemetery Act.

Sections 0.01 (short title) and 13 (prompt payment) of the Joint Cemetery Act.

Sections 0.1 (short title) and 5 (prompt payment) of the Township Mental Health Facility Tax Act.

Section 0.01 (short title) of the Township Park Bond Act.

Section 0.01 (short title) of the Township Park Land Acquisition Act.

Section 1 (short title) of the Township Senior Citizens' Housing Act.

(Source: P.A. 88-62.)

(60 ILCS 1/Art. 315 heading) ARTICLE 315. EFFECTIVE DATE

(60 ILCS 1/315-105)

Sec. 315-105. Effective date. This Act takes effect January 1, 1994.

(Source: P.A. 88-62.)