Brad Halbrook
- Republican
- Representative
- District 107
Primary
Creates the Local Accumulation of Funds Act. Provides that a unit of local government's funds, excluding the capital fund, shall not exceed an amount equal to or greater than 2.5 times the annual average expenditure of the previous 3 fiscal years of the unit of local government. Defines "capital fund" as a capital fund of a township or a similar fund of another unit of local government established to dedicate funds toward capital improvement as a part of the unit of local government's annual budget. Amends the Township Code repealing a Section about accumulation of funds. Effective immediately.
Session Sine Die
Referred to Assignments
Arrive in Senate
Chief Senate Sponsor Sen. Steven M. Landek
Placed on Calendar Order of First Reading
First Reading
Third Reading - Short Debate - Passed 112-000-000
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Placed on Calendar 2nd Reading - Short Debate
Do Pass / Short Debate Cities & Villages Committee; 010-000-000
Assigned to Cities & Villages Committee
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Brad Halbrook
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML PDF |
| Engrossed | HTML PDF |
| Document | Format |
|---|---|
| No related documents. |
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