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90_HB1651
70 ILCS 805/13.8 new
Amends the Downstate Forest Preserve District Act.
Allows the board of commissioners of a forest preserve
district to transfer the interest earned from any moneys of
the district to a fund of the district that is most in need
of that interest income except for interest earned that has
been earmarked or restricted by the board for a designated
purpose or interest earned on any funds for purposes of tort
immunity. Effective immediately.
LRB9004066DNmb
LRB9004066DNmb
1 AN ACT to amend the Downstate Forest Preserve District
2 Act by adding Section 13.8.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Downstate Forest Preserve District Act is
6 amended by adding Section 13.8 as follows:
7 (70 ILCS 805/13.8 new)
8 Sec. 13.8. Transfer of interest income. The board of
9 commissioners of a forest preserve district may transfer the
10 interest earned from any moneys of the district to a fund of
11 the district that is most in need of that interest income, as
12 determined by the board. This Section does not apply to any
13 interest earned that has been earmarked or restricted by the
14 board for a designated purpose. This Section does not apply
15 to any interest earned on any funds for purposes of Tort
16 Immunity under the Local Governmental and Governmental
17 Employees Tort Immunity Act. Interest earned on the exempted
18 funds shall be used only for the purposes authorized for the
19 respective exempted funds from which the interest earnings
20 were derived.
21 Section 99. Effective date. This Act takes effect upon
22 becoming law.