TWP CD-ACCUMULATION OF FUNDS Senate SponsorsSen. Thomas Cullerton House Sponsors(Rep. Kathleen Willis and Tom Weber) 7/30/2021SenatePublic Act . . . . . . . . . 102-0231 60 ILCS 1/245-25 newAmends the Township Code. Provides that, if the township board determines that one or more funds of the township are in excess of the amount needed for purposes of such fund or funds for the remainder of the then-current fiscal year, the township board may, within one year after the effective date of the amendatory Act, direct a one-time transfer of such excess funds to any other fund or funds of the township.Senate Committee Amendment No. 1 Deletes reference to:60 ILCS 1/245-25 newAdds reference to:60 ILCS 1/85-65Replaces everything after the enacting clause. Amends the Township Code. Provides that general assistance funds are included in provisions prohibiting accumulation of township funds that exceed an amount equal to or greater than 2.5 times the annual average expenditure of the previous 3 fiscal years. Effective immediately. 2/26/2021SenateFiled with Secretary by Sen. Thomas Cullerton 2/26/2021SenateFirst Reading 2/26/2021SenateReferred to Assignments 3/9/2021SenateAssigned to Local Government 3/11/2021SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Thomas Cullerton 3/11/2021SenateSenate Committee Amendment No. 1 Referred to Assignments 3/16/2021SenateSenate Committee Amendment No. 1 Assignments Refers to Local Government 4/13/2021SenateSenate Committee Amendment No. 1 Adopted 4/14/2021SenateDo Pass as Amended Local Government; 007-000-000 4/14/2021SenatePlaced on Calendar Order of 2nd Reading April 15, 2021 4/20/2021SenateSecond Reading 4/20/2021SenatePlaced on Calendar Order of 3rd Reading ** 4/23/2021SenateThird Reading - Passed; 058-000-000 4/26/2021HouseArrived in House 4/26/2021HouseChief House Sponsor Rep. Kathleen Willis 4/27/2021HouseFirst Reading 4/27/2021HouseReferred to Rules Committee 5/4/2021HouseAssigned to Counties & Townships Committee 5/13/2021HouseDo Pass / Short Debate Counties & Townships Committee; 010-001-000 5/13/2021HousePlaced on Calendar 2nd Reading - Short Debate 5/14/2021HouseAdded Alternate Co-Sponsor Rep. Tom Weber 5/19/2021HouseSecond Reading - Short Debate 5/19/2021HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/20/2021HouseThird Reading - Short Debate - Passed 114-001-000 5/20/2021SenatePassed Both Houses 6/17/2021SenateSent to the Governor 7/30/2021SenateGovernor Approved 7/30/2021SenateEffective Date July 30, 2021 7/30/2021SenatePublic Act . . . . . . . . . 102-0231