Illinois General Assembly - Illinois Compiled Statutes

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.

70 ILCS 1105/20

(70 ILCS 1105/20) (from Ch. 85, par. 6820)

Sec. 20.

Fiscal year and appropriation ordinances.

(a) The board
shall fix a fiscal year for the district.  The board shall,
within or before the first quarter of each fiscal year, adopt an annual
appropriation ordinance appropriating the sums of money that will be required
to defray all necessary expenses and liabilities of the district to be paid
or incurred during the fiscal year.

(b) The failure of the board to adopt an annual appropriation ordinance
or to otherwise comply with the provisions of this Section shall not affect
the validity of any tax levy of the district.  The annual appropriation
ordinance for any fiscal year need not be intended or required to be in
support of or in relation to any tax levy made during that fiscal year.

(c) A district that determines to change its fiscal
year may adopt an appropriation ordinance for a transition period of
more or less than 12 months as may be necessary to effect the change.
Appropriations made for the transition period shall end with the
close of the transition period.

(Source: P.A. 86-477.)