Illinois Compiled Statutes
60 ILCS 1/ - Township Code.
Article 275 - Township Funds For Museums Or Historical Societies

(60 ILCS 1/Art. 275 heading)

 
(60 ILCS 1/275-5)
Sec. 275-5.
Distribution to museum or historical society.
Whenever a
township board determines that the general township fund of the township
contains funds not derived from a township tax levy that are not needed
for township purposes during the remainder of the then current
fiscal year, the board may by resolution direct that all or any portion of
those funds (not to exceed $10,000) be distributed to a not for profit museum
or historical society to be used for the operation and maintenance of the
museum or historical society.

(Source: P.A. 82-783; 88-62.)
 
(60 ILCS 1/275-10)
Sec. 275-10.
Purposes of museum or historical society.
Any museum or
historical society for which township funds are distributed under this Article
shall be maintained and operated, in addition to any other purposes, for the
following purposes:
(Source: Laws 1967, p. 82; P.A. 88-62.)
 
(60 ILCS 1/275-15)
Sec. 275-15.
Use of funds; financial statement.
(a) Any funds paid to a not for profit museum or historical society must be
used solely for the maintenance and operation of the museum or historical
society.
(b) Within 60 days after the close of the fiscal year of any museum or
historical society for which funds were provided under this Article, the museum
or historical society that received the funds shall file with the township
clerk a complete statement of the financial affairs of the museum or historical
society for the fiscal year. The statement must be verified under oath and must
show, for the fiscal year, (i) the amount expended in the maintenance and
operation of the museum or historical society and the reasons for the
expenditure; (ii) the amount of township funds received; (iii) the amount and
source of any other funds received for those purposes; and (iv) the amount
remaining on hand for maintenance and operation of the museum or historical
society. The township clerk shall record the statement in the record book of
the township and shall cause the statement to be published in a newspaper
having general circulation in the township within 30 days after it is filed
with the clerk.

(Source: Laws 1967, p. 82; P.A. 88-62.)

Structure Illinois Compiled Statutes