Illinois General Assembly - Full Text of SB0685
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Full Text of SB0685  103rd General Assembly




SB0685 EnrolledLRB103 03138 AWJ 48144 b

1    AN ACT concerning local government.
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4    Section 5. The Township Code is amended by changing
5Section 85-65 as follows:
6    (60 ILCS 1/85-65)
7    Sec. 85-65. Accumulation of funds. Township funds,
8including, but not limited to, general assistance funds and
9excluding the township's capital fund, shall not exceed an
10amount equal to or greater than 2.5 times the annual average
11expenditure of the previous 3 fiscal years. Townships on a
12cash basis or modified cash basis of accounting may only count
13levied tax funds toward the total township funds calculated
14under this Section if received within the township's fiscal
15year. The highway commissioner's equipment and building fund
16is considered a capital fund account and is not subject to this
18(Source: P.A. 102-231, eff. 7-30-21.)