Illinois § 4.1 Abolishment of working cash fund

Illinois Statutes

§ 4.1 — Abolishment of working cash fund

Illinois § 4.1

TopicGOVERNMENT

Ch. 70SPECIAL DISTRICTS

Act 70 ILCS 1510/Chicago Park District Working Cash Fund Act.

This text of Illinois § 4.1 (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

70 Ill. Comp. Stat. 4.1 (2026).

Text

(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.

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(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.