Sen. Chapin Rose

Filed: 5/19/2017

 

 


 

 


 
10000HB1896sam001LRB100 04428 AMC 26681 a

1
AMENDMENT TO HOUSE BILL 1896

2    AMENDMENT NO. ______. Amend House Bill 1896 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Township Code is amended by adding Section
585-65 as follows:
 
6    (60 ILCS 1/85-65 new)
7    Sec. 85-65. Accumulation of funds. Township funds,
8excluding the township's capital fund, shall not exceed an
9amount equal to or greater than 2.5 times the annual average
10expenditure of the previous 3 fiscal years.
 
11    Section 99. Effective date. This Act takes effect upon
12becoming law.".