Illinois Code § 70 ILCS 1510/4.1

Abolishment of working cash fund.
Open in Lexace · Ask the AI about this section
(a) The commissioners of the Chicago Park District may abolish its working cash fund by resolution and may transfer any balance remaining in the fund, including any interest that may have accrued, to the general corporate fund of the Chicago Park District at the end of the then current fiscal year. 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.
 
(b) Any obligation incurred by the Chicago Park District pursuant to Section 2 shall be discharged as therein provided.

‹ Prev All Illinois sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.