Illinois Compiled Statutes
60 ILCS 1/ - Township Code.
Article 255 - Transfers From Road And Bridge Fund

(60 ILCS 1/Art. 255 heading)

 
(60 ILCS 1/255-5)
Sec. 255-5.
Transfer from road and bridge fund.
Whenever the road and bridge
fund of any township in a county with a population of 50,000 or
more contains
a balance no longer needed for road and bridge purposes, occasioned by the fact
that the township no longer has any roads or bridges under its jurisdiction,
the voters of the township at an annual township meeting or at a special
township meeting called for the purpose may, by resolution by a majority vote
of the voters present and voting on the resolution, transfer the balance
to the general township fund or to any other township fund or funds.
For a period of one year after the effective date of
this amendatory Act of the 92nd General Assembly, the voters of a township at
an annual township meeting or at a special township meeting called for the
purpose may, by resolution by a majority vote of the voters present and
voting on the resolution, distribute funds from the road and bridge fund to
any township fund used for construction or maintenance of sewage or water
treatment facilities.

(Source: P.A. 92-539, eff. 1-1-03.)
 
(60 ILCS 1/255-10)
Sec. 255-10.
Treasurer; payment of balance.
Whenever the legal voters at an
annual township meeting or a special township meeting direct the transfer and
payment of any balance in the road and bridge fund to the general township fund
or to any other township fund or funds under Section 255-5, the treasurer of
the road and bridge fund shall pay the balance into the fund or funds as
directed and take credit for the payment.

(Source: Laws 1949, p. 1608; P.A. 88-62.)
 
(60 ILCS 1/255-15)
Sec. 255-15.
Claim against transferred funds.
Whenever any balance from the
road and bridge fund is paid into the general township fund or into any other
township fund or funds under this Article, any valid and enforceable claim that
any person has against funds transferred shall be valid and enforceable against
the township.

(Source: Laws 1949, p. 1608; P.A. 88-62.)

Structure Illinois Compiled Statutes