Home/Illinois/Statutes/Topic: GOVERNMENT/Ch. 65: MUNICIPALITIES/Act 65 ILCS 5/: Illinois Municipal Code./Art.: Article 8 - Finance/§ 8-7-7
Illinois Statutes

§ 8-7-7 — Abolishment of working cash fund

Illinois § 8-7-7
JurisdictionIllinois
TopicGOVERNMENT
Ch. 65MUNICIPALITIES
Act 65 ILCS 5/Illinois Municipal Code.
Art.Article 8 - Finance

This text of Illinois § 8-7-7 (Abolishment of working cash fund) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
65 Ill. Comp. Stat. 8-7-7 (2026).

Text

(a)The corporate authority of any municipality 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 at the end of the fiscal year.
(b)A municipality that has abolished its working cash fund may not establish another working cash fund under this Division 7 for 4 years after the date the fund was abolished. Any general obligation bonds that were previously issued for working cash purposes must be retired before a municipality may establish another working cash fund.

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Legislative History

(Source: P.A. 87-982.)

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Bluebook (online)
Illinois § 8-7-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/65/8-7-7.