Illinois Compiled Statutes
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70 ILCS 3610/9
(70 ILCS 3610/9)
(from Ch. 111 2/3, par. 359)
(a) Whenever the Board of Trustees of any District shall
determine that there is no longer a public need for its transportation
services or that other adequate services are or can be made available,
and that it should terminate its existence and services, it may by
resolution so certify to the participating municipalities and counties
which created it. If the participating municipalities and counties
approve of such discontinuance, they may by ordinance or resolution, as
the case may be, authorize the District to discontinue its services and
wind up its affairs. A copy of such ordinance or resolution or both,
shall be filed with the county or municipal clerk or clerks and the
Secretary of State. After payment of all its debts and settlement of all
obligations and claims, any funds remaining after the sale and
disposition of its property shall be disposed of by payment to the
treasurer of the county or municipality which created it, or if created
by 2 or more municipalities or counties, by payment to the several
treasurers, first, to repay in whole or pro rata, funds advanced to the
authority, and the balance, if any, pro rata according to the length of
scheduled transportation route miles operated in the several
municipalities and unincorporated areas of the several counties during
the preceding calendar year.
(b) Whenever the Board of Trustees of any District created under the provisions of Section 3.1 determines that there is no longer a public need for its existence or services, it may discontinue its existence by passing an ordinance or resolution stating that the District shall cease its existence on the date stated therein or, if no date is stated therein, on the date the ordinance or resolution was passed. A certified copy of the ordinance or resolution shall be filed with the Secretary of State and with the County Clerk of each county within the boundary of the District. The funds remaining after the payment of all debts and settlement of all obligations and claims shall be paid over on a pro rata basis based on area as follows:
(1) to the Treasurer of each municipality that was in
whole or in part within the boundary of the District; and
(2) to the Treasurer of each county in which any
unincorporated area of the county was within the boundary of the District.
(c) Prior to the effective date of this amendatory Act of the 98th General Assembly, if the Board of Trustees of any District created under Section 3.1 of this Act passed an ordinance or resolution intended to effect a dissolution of its existence, the discontinuation of that District is confirmed as valid and effective on the date set forth in the ordinance or resolution or, if no date is stated therein, on the date the ordinance or resolution was passed.
(Source: P.A. 98-1161, eff. 6-1-15