CHGO PARK ABOLISH WORKING CASH Senate SponsorsSen. Don Harmon House Sponsors(Rep. Harry Osterman) 6/6/2006SenatePublic Act . . . . . . . . . 94-0840 70 ILCS 1510/4.1 newAmends the Chicago Park District Working Cash Fund Act. Allows the Chicago Park District commissioners to abolish its working cash fund. Provides that any remaining balance in the fund is transferred to the Chicago Park District's general corporate fund at the end of the then current fiscal year. Provides that any outstanding loans to other District funds shall be paid or become payable to the general corporate fund of the Chicago Park District at the close of the then current fiscal year. States that any obligation incurred by the Chicago Park District for the working cash fund shall be discharged as originally provided. Effective immediately.Fiscal Note (Dept. of Commerce & Econ Opportunity) Does not impact State finances, rather it impacts the finances of the Chicago Park District, a unit of local government. After abolishing the Chicago Park Districts, working cash fund, the legislation authorizes the Chicago Park District to transfer the remaining balance to it's general corporate fund. The bill also requires that any obligation incurred by the Chicago Park District for the working cash fund to be discharged as originally provided. It is anticipated that SB 2871 will not incur a fiscal impact as the bill simply replaces one local government fun with another. 1/20/2006SenateFiled with Secretary by Sen. Don Harmon 1/20/2006SenateFirst Reading 1/20/2006SenateReferred to Rules 2/1/2006SenateAssigned to Local Government 2/8/2006SenateDo Pass Local Government; 010-000-000 2/8/2006SenatePlaced on Calendar Order of 2nd Reading February 9, 2006 2/9/2006SenateSecond Reading 2/9/2006SenatePlaced on Calendar Order of 3rd Reading February 14, 2006 2/9/2006SenateFiscal Note Requested by Sen. Wendell E. Jones 2/23/2006SenateFiscal Note Filed from the Illinois Department of Commerce and Economic Opportunity. 3/2/2006SenateThird Reading - Passed; 042-011-001 3/2/2006HouseArrived in House 3/2/2006HousePlaced on Calendar Order of First Reading 3/3/2006HouseChief House Sponsor Rep. Harry Osterman 3/3/2006HouseFirst Reading 3/3/2006HouseReferred to Rules Committee 4/3/2006HouseFinal Action Deadline Extended-9(b) April 7, 2006 4/3/2006HouseAssigned to Local Government Committee 4/7/2006HouseFinal Action Deadline Extended-9(b) April 13, 2006 4/11/2006HouseDo Pass / Short Debate Local Government Committee; 011-000-000 4/11/2006HousePlaced on Calendar 2nd Reading - Short Debate 4/13/2006HouseFinal Action Deadline Extended-9(b) April 30, 2006 4/18/2006HouseSecond Reading - Short Debate 4/18/2006HouseHeld on Calendar Order of Second Reading - Short Debate 4/25/2006HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/26/2006HouseThird Reading - Short Debate - Passed 091-013-000 4/26/2006SenatePassed Both Houses 5/25/2006SenateSent to the Governor 6/6/2006SenateGovernor Approved 6/6/2006SenateEffective Date June 6, 2006 6/6/2006SenatePublic Act . . . . . . . . . 94-0840