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Public Act 92-0530
SB989 Enrolled LRB9208036TAtm
AN ACT concerning intergovernmental cooperation.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Intergovernmental Cooperation Act is
amended by changing Section 6 as follows:
(5 ILCS 220/6) (from Ch. 127, par. 746)
Sec. 6. Joint self-insurance. An intergovernmental
contract may, among other undertakings, authorize public
agencies to jointly self-insure and authorize each public
agency member of the contract to utilize its funds to pay to
a joint insurance pool its costs and reserves to protect,
wholly or partially, itself or any public agency member of
the contract against liability or loss in the designated
insurable area. A joint insurance pool shall have an annual
audit performed by an independent certified public accountant
and shall file an annual audited financial report with the
Director of Insurance no later than 150 days after the end of
the pool's immediately preceding fiscal year. The Director
of Insurance shall issue rules necessary to implement this
audit and report requirement. The rule shall establish the
due date for filing the initial annual audited financial
report. Within 30 days after January 1, 1991, and within 30
days after each January 1 thereafter, public agencies that
are jointly self-insured to protect against liability under
the Workers' Compensation Act and the Workers' Occupational
Diseases Act shall file with the Industrial Commission a
report indicating an election to self-insure.
For purposes of this Section, "public agency member"
means any public agency defined or created under this Act,
any local public entity as defined in Section 1-206 of the
Local Governmental and Governmental Employees Tort Immunity
Act, and any public agency, authority, instrumentality,
council, board, service region, district, unit, bureau, or,
commission, or any municipal corporation, college, or
university, whether corporate or otherwise, and any other
local governmental body or similar entity that is presently
existing or created after the effective date of this
amendatory Act of the 92nd General Assembly, whether or not
specified in this Section. Only public agency members with
tax receipts, tax revenues, taxing authority, or other
resources sufficient to pay costs and to service debt related
to intergovernmental activities described in this Section, or
public agency members created by or as part of a public
agency with these powers, may enter into contracts or
otherwise associate among themselves as permitted in this
Section.
(Source: P.A. 89-97, eff. 7-7-95.)
Section 99. Effective date. This Act takes effect upon
becoming law.
Passed in the General Assembly November 29, 2001.
Approved February 08, 2002.
Effective February 08, 2002.
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