|
Rep. Brad Halbrook
Filed: 4/25/2017
| | 10000HB1896ham003 | | LRB100 04428 AWJ 25503 a |
|
|
| 1 | | AMENDMENT TO HOUSE BILL 1896
|
| 2 | | AMENDMENT NO. ______. Amend House Bill 1896, AS AMENDED, by |
| 3 | | replacing everything after the enacting clause with the |
| 4 | | following:
|
| 5 | | "Section 5. The Township Code is amended by adding Section |
| 6 | | 30-22 as follows:
|
| 7 | | (60 ILCS 1/30-22 new) |
| 8 | | Sec. 30-22. Accumulation of funds. Township funds, |
| 9 | | excluding the township's capital fund, shall not exceed an |
| 10 | | amount equal to or greater than 2.5 times the annual average |
| 11 | | expenditure of the previous 3 fiscal years.
|
| 12 | | Section 99. Effective date. This Act takes effect upon |
| 13 | | becoming law.".
|