Comments: IL SB0685 | 2023-2024 | 103rd General Assembly

Bill Title: Amends the Township Code. In provisions about accumulation of township funds, provides that townships on a cash basis or modified cash basis of accounting may only count levied tax funds toward the total township funds calculated under the provisions if received within the township's fiscal year. Provides that the highway commissioner's equipment and building fund is considered a capital fund account and is not subject to the accumulation of funds provisions.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Passed) 2023-06-09 - Public Act . . . . . . . . . 103-0072 [SB0685 Detail]

Text: Latest bill text (Chaptered) [HTML]

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