|
| | SB2450 Engrossed | | LRB100 16552 AWJ 31684 b |
|
|
| 1 | | AN ACT concerning local government.
|
| 2 | | Be it enacted by the People of the State of Illinois,
|
| 3 | | represented in the General Assembly:
|
| 4 | | Section 5. The Illinois Local Library Act is amended by |
| 5 | | changing Section 4-15 as follows:
|
| 6 | | (75 ILCS 5/4-15) (from Ch. 81, par. 4-15)
|
| 7 | | Sec. 4-15. Appropriations. |
| 8 | | (a) Appropriations for library purposes within the annual |
| 9 | | appropriation
ordinance of the corporate authority, shall |
| 10 | | terminate with the close of the
fiscal year of the library, |
| 11 | | except that any remaining balances shall be
available for 90 |
| 12 | | days thereafter for the authorization of the
payment and the |
| 13 | | payment of
obligations incurred either before the close of the |
| 14 | | fiscal year or
within the 90-day period thereafter. All |
| 15 | | balances remaining after such
90-day period shall
be available |
| 16 | | for transfer to be accumulated
under Sections 5-1 and 5-8 of |
| 17 | | this Act. |
| 18 | | (b) Transfers from one appropriation to another |
| 19 | | appropriation of any amount specified, for any object and |
| 20 | | purpose, and that does not affect the total amount appropriated |
| 21 | | by the annual appropriation ordinance may be made at any |
| 22 | | meeting of a board by a two-thirds vote of all the trustees |
| 23 | | present and voting. |