Bill Amendment: IL SB0685 | 2023-2024 | 103rd General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: LOCAL GOVERNMENT-TECH

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

Download: Illinois-2023-SB0685-Senate_Amendment_001.html

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Sen. Patrick J. Joyce

Filed: 3/23/2023

10300SB0685sam001 LRB103 03138 AWJ 59115 a
AMENDMENT TO SENATE BILL 685
AMENDMENT NO. ______. Amend Senate Bill 685 by replacing
everything after the enacting clause with the following:
"Section 5. The Township Code is amended by changing
Section 85-65 as follows:
(60 ILCS 1/85-65)
Sec. 85-65. Accumulation of funds. Township funds,
including, but not limited to, general assistance funds and
excluding the township's capital fund, shall not exceed an
amount equal to or greater than 2.5 times the annual average
expenditure of the previous 3 fiscal years. Townships on a
cash basis or modified cash basis of accounting may only count
levied tax funds toward the total township funds calculated
under this Section if received within the township's fiscal
year. The highway commissioner's equipment and building fund
is considered a capital fund account and is not subject to this

10300SB0685sam001 - 2 - LRB103 03138 AWJ 59115 a
Section.
(Source: P.A. 102-231, eff. 7-30-21.)".