reglab/housing_qa huggingface dataset:
65 ILCS 5/7-7-10
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 7 - Territory

 (from Ch. 24, par. 7-7-10)Sec. 7-7-10.     Transition Matters.     (a) The corporate authorities of  each municipality in which the  consolidation ordinance has been approved by the voters shall adopt the  consolidation ordinance at their first regular meeting following the  election and declaration of the results thereof.  Thereafter, the  consolidation ordinance shall take effect as an intergovernmental agreement  of the municipalities in which it is effective.(b) The transition committee shall hold its initial meeting within 5  days after approval of the consolidation ordinance by the voters and its  adoption by each of the consolidating municipalities.  The transition  committee shall exercise those powers and perform those functions set forth  in the consolidation ordinance to effect the orderly succession of powers,  functions, assets, liabilities and personnel, to effect the merger of the  administrative offices of the consolidating municipalities, and to propose  a permanent name for the consolidated municipality.(c) The transition committee shall prepare a code of ordinances for the  consolidated municipality which shall set forth the powers and duties of  the corporate authorities thereof.  The code of ordinances and a permanent  name for the consolidated municipality shall be submitted for approval by  the corporate authorities of the consolidated municipality at their initial  organizational meeting.(d) Unless otherwise provided expressly or impliedly in the  consolidation ordinance, every valid ordinance of a consolidating  municipality shall upon consolidation remain valid within the territory of  that consolidating municipality until repealed expressly or impliedly by  legislation of the consolidated municipality on the same subject.(e) Proposed Permanent Name.  In determining the permanent name of the  new municipality the transition committee and the Secretary of State shall  follow insofar as applicable the provisions of Section 2-1-7 of this Code.    (Source: P.A. 85-1159.)
65 ILCS 5/Art. 8 heading
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 ARTICLE 8  FINANCE
65 ILCS 5/Art. 8 Div. 1 heading
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 DIVISION 1.      GENERAL PROVISIONS
65 ILCS 5/8-1-1
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-1)Sec. 8-1-1.         The corporate authorities may control the finances of the  corporation.    (Source: Laws 1961, p. 576.)
65 ILCS 5/8-1-1.5
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

Sec. 8-1-1.5.     Internal auditor.     The city council or board of trustees, as  appropriate, may create the office of internal auditor.  The duties of the  internal auditor  shall be to report directly to the council or board regarding the state of the  finances of the  municipality.  The internal auditor may be appointed as provided by  ordinance.    (Source: P.A. 93-483, eff. 1-1-04.)
65 ILCS 5/8-1-2
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-2)Sec. 8-1-2.         The corporate authorities may appropriate money for corporate  purposes only and provide for payment of debts and expenses of the  corporation.    (Source: Laws 1961, p. 576.)
65 ILCS 5/8-1-2.5
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

Sec. 8-1-2.5. Expenses for economic development. The corporate authorities may appropriate and expend funds for economic development purposes, including, without limitation, the making of grants to any other governmental entity or commercial enterprise that are deemed necessary or desirable for the promotion of economic development within the municipality.  (Source: P.A. 97-94, eff. 7-11-11.)
65 ILCS 5/8-1-3
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-3)Sec. 8-1-3.         The corporate authorities may borrow money on the credit of the  corporation for corporate purposes, and issue bonds therefor, in such  amounts and form, and on such conditions unless otherwise provided in this  Code as the corporate authorities prescribe. Before, or at the time of  incurring any indebtedness, the corporate authorities shall provide for the  collection of a direct annual tax sufficient to pay the interest on the  debt as it falls due, and also to pay and discharge the principal thereof  within 20 years after contracting the debt.    (Source: Laws 1961, p. 576.)
65 ILCS 5/8-1-3.1
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-3.1)Sec. 8-1-3.1. Borrowing from financial institutions. The corporate authorities may borrow money for corporate purposes from one fund  for the use of another fund providing such borrowing shall be repaid within  the current fiscal year.The corporate authorities may also borrow money from any bank or other  financial institution provided such money shall be repaid within 10 years    from the time the money is borrowed.  The mayor or president of the municipality, as the case may be, shall execute a promissory note or similar debt instrument, but not a bond, to evidence the indebtedness incurred by the borrowing.  The obligation to make the payments due under the promissory note or other debt instrument shall be a lawful direct general obligation of the municipality payable from the general funds of the municipality and such other sources of payment as are otherwise lawfully available.  The promissory note or other debt instrument shall be authorized by an ordinance passed by the corporate authorities and shall be valid whether or not an appropriation with respect to that ordinance is included in any annual or supplemental appropriation adopted by the corporate authorities.  The indebtedness incurred under this Section, when aggregated with the existing indebtedness of the municipality, may not exceed the debt limitation provided in Section 8-5-1 of this Code. "Financial institution" means any bank, savings bank, savings and loan association, or credit union established under the laws of the United States, this State, or any other state; or   any regional planning commission or joint regional planning commission established in accordance with Section 5-14001 or Section 5-14003 of the Counties Code.  (Source: P.A. 100-854, eff. 8-14-18.)
65 ILCS 5/8-1-4
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-4)Sec. 8-1-4.         The corporate authorities may provide for the consolidation or  refunding of maturing bonds and the funding of judgment debts, and to issue  bonds in place of maturing bonds or judgment debts.    (Source: Laws 1961, p. 576.)
65 ILCS 5/8-1-5
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-5)Sec. 8-1-5.         Whenever in any fiscal year an ordinance authorizing the  issuance of bonds is approved by the electors in any municipality with a  population of 500,000 or more, subsequent to the passage of the annual  appropriation ordinance, the corporate authorities have the power, anything  in this Code to the contrary notwithstanding, to make a supplemental  appropriation of so much of the proceeds of the bonds, so authorized, as is  required for expenditure during the remainder of the current fiscal year  for the purpose set forth in the ordinance authorizing the issuance of the  bonds.    (Source: Laws 1961, p. 576.)
65 ILCS 5/8-1-6
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-6)Sec. 8-1-6.         Neither the corporate authorities nor any department or officer  of any municipality shall add to the municipal expenditures in any fiscal  year anything over and above the amount provided for in the annual  appropriation ordinance of that year. No expenditure for an improvement to  be paid for out of the general fund of the municipality shall exceed in any  fiscal year the amount provided for that improvement in the annual  appropriation ordinance.However, nothing herein contained shall prevent the corporate  authorities, by a two-thirds vote, from making additional appropriations  for the purpose of making improvements or restorations, the necessity for  which is caused by any casualty or accident happening after the annual  appropriation ordinance is passed, nor from making additional  appropriations necessary to meet any emergency, happening after and  unforeseen at the time of passing the annual appropriation ordinance.  Emergency, as used in this section, means a condition requiring immediate  action to suppress or prevent the spread of disease, or to prevent or  remove imminent danger to persons or property. For the purpose of providing  for these additional appropriations, the corporate authorities, by a  two-thirds vote, may authorize the mayor, or village president, and the  finance committee, or in municipalities under the commission form of  municipal government the mayor and commissioner of accounts and finances,  to borrow the amount of money necessary therefor for a space of time not  extending beyond the close of the next fiscal year. The sum borrowed and  the interest thereon, shall be added to the amount authorized to be raised  in the next general tax levy and embraced therein.Should a judgment be obtained against a municipality, the mayor, or  village president, and the finance committee, or the mayor and commissioner  of accounts and finances, in commission form municipalities, under the  sanction of the corporate authorities, may borrow a sufficient amount to  pay the judgment for a space of time not extending beyond the close of the  next fiscal year. This sum and the interest thereon shall in like manner be  added to the amount authorized to be raised in the general tax levy of the  next year and embraced therein.This section shall not apply to municipalities operating under special  charters.    (Source: Laws 1961, p. 576.)
65 ILCS 5/8-1-8
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-8)Sec. 8-1-8.         All warrants drawn upon the municipal treasurer must be signed  by the mayor or president and countersigned by the municipal clerk, or the  city comptroller if there is one, stating the particular fund and the  appropriation to which the warrant is chargeable, and the person to whom  payable. No money shall be paid otherwise than upon such warrants so drawn,  except as otherwise provided.    (Source: Laws 1961, p. 576.)
65 ILCS 5/8-1-9
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-9)Sec. 8-1-9.         No warrant payable on demand shall be drawn upon the municipal  treasurer or against any fund in his possession unless at the time of the  drawing there is sufficient money in the appropriate fund in the municipal  treasury to pay the warrant.    (Source: Laws 1961, p. 576.)
65 ILCS 5/8-1-10
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-10)Sec. 8-1-10.         Interest received by a municipality upon deposits of money  derived from special assessments or special taxes and that part of the  interest, penalties, and costs received on account of any delinquent  special assessment or special tax, which is in excess of 6% annually on the  amount of that delinquent special assessment or special tax from the date  of the first voucher issued on account of work done to the date of the  receipt of the interest, penalties, and costs by the municipality, shall be  used first for paying any expense of the municipality in connection with  the collection or withdrawal from collection of any delinquent special  assessment or special tax or the preservation of the lien thereof, or in  connection with the sale or forfeiture of any real estate for delinquent  special assessments or special taxes, or in the preservation of the lien of  any certificate of sale or tax deed, and secondly shall be used to pay any  warrant, for which there are not sufficient funds, for the payment of past  due principal or interest on vouchers and bonds issued in anticipation of  the collection of the special assessments or special taxes identified by  such warrant.    (Source: Laws 1961, p. 576.)
65 ILCS 5/8-1-11
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-11)Sec. 8-1-11.         Whenever a municipality does not have sufficient money  in its treasury to meet all necessary expenses and liabilities of the  municipality, including all expenses for building purposes, the  corporate authorities may issue and sell warrants drawn against and in  anticipation of taxes already levied for the particular funds from which  these expenses and liabilities may be paid, to the extent of 85% of the  total amount of those taxes. However, in municipalities in which there  has been created a working cash fund pursuant to the provisions of  Division 6 of this Article 8, no tax anticipation warrants shall be  drawn against taxes levied for general corporate purposes for such an  amount that the aggregate of (1) the amount of those warrants, and the  interest to accrue thereon, and (2) the aggregate amount of those  warrants theretofore drawn against those taxes and the interest accrued  and to accrue thereon, and (3) the aggregate amount of money theretofore  transferred from the working cash fund to the general fund of that  municipality, exceeds 90% of the actual or estimated amount of those  taxes extended or to be extended by the county clerk upon the books of  the collector or collectors of state and county taxes within that  municipality. Tax anticipation warrants drawn and issued under this  section shall show upon their face that they are payable in the  numerical order of their issuance solely from the anticipated taxes when  these anticipated taxes are collected and not otherwise. These warrants  shall be received by any collector of taxes in payment of the taxes  against which they are issued, and the taxes against which these  warrants are drawn shall be set apart and held for their payment.    (Source: P.A. 81-165.)
65 ILCS 5/8-1-12
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-12)Sec. 8-1-12.         Each warrant issued under Section 8-1-11 may be made  payable at the time fixed in the warrant and shall bear interest, payable  only out of the taxes against which it is drawn, at  a rate not to exceed the maximum rate authorized by the Bond Authorization  Act, as amended at the time of the making of the contract, from the date of its  issuance until paid, or until notice that the money for its payment is  available, and that it will be paid on presentation, is given by  publication in one or more newspapers published in the municipality, or, if  no newspaper is published therein, then in one or more newspapers with a  general circulation within the municipality. In municipalities with less  than 500 population in which no newspaper is published, publication may  instead be made by posting a notice in 3 prominent places within the  municipality. However, a lower rate of interest may be specified in the  warrant, in which case the interest shall be computed and paid at that  lower rate. The amendatory Acts of 1971, 1972 and 1973 are not a limit upon  any municipality which is a home rule unit.With respect to instruments for the payment of money issued under this  Section either before, on, or after the effective date of this amendatory  Act of 1989, it is and always has been the intention of the General  Assembly (i) that the Omnibus Bond Acts are and always have been supplementary  grants of power to issue instruments in accordance with the Omnibus Bond  Acts, regardless of any provision of this Act that may appear to be or to  have been more restrictive than those Acts, (ii) that the provisions of  this Section are not a limitation on the supplementary authority granted by  the Omnibus Bond Acts, and (iii) that instruments issued under this Section  within the supplementary authority granted by the Omnibus Bond Acts are not  invalid because of any provision of this Act that may appear to be or to  have been more restrictive than those Acts.    (Source: P.A. 86-4.)
65 ILCS 5/8-1-13
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-13)Sec. 8-1-13.         Every municipality holding in its treasury funds which are set  aside for use for particular purposes, but which are not immediately  necessary for those purposes, by ordinance, may use those funds, or any of  them, in the purchase of tax anticipation warrants issued by the  municipality possessing the funds against taxes levied by that  municipality. These warrants shall bear interest not to exceed  the maximum rate authorized by the Bond Authorization Act, as amended at  the time of the making of the contract. All interest upon these warrants,  and all money paid in redemption of these warrants or received from the  resale thereof, shall at once be credited to and placed in the particular  fund used to purchase the specified warrants.However, a municipality so using any of its funds for the purchase of  such tax anticipation warrants shall not apply to the payment thereof while  so held by it any taxes against and in anticipation of which the warrants  were issued, unless and until all warrants and the interest thereon, issued  by that municipality against and in anticipation of the same taxes and sold  to other purchasers have been first paid or money sufficient for the  payment thereof has been deposited in the municipal treasury as a special  fund to be used solely for the purpose of paying to the other purchasers  the warrants and the interest thereon when presented. Nothing contained in  this section shall prevent the resale or reissue of any warrants as  provided in Section 8-1-14.Likewise, every municipality by ordinance may use the money in those  funds in the purchase of bonds issued by the municipality, possessing the  funds and representing the obligation and pledging the credit of that  municipality, or bonds and other interest bearing obligations of the United  States or of the State of Illinois. All interest upon these bonds or  obligations and all money paid in redemption of these bonds or obligations  or realized from the sale thereof, if afterwards sold, shall at once be  credited to and placed in the particular fund used to purchase specified  bonds or obligations.With respect to instruments for the payment of money issued under this  Section either before, on, or after the effective date of this amendatory  Act of 1989, it is and always has been the intention of the General  Assembly (i) that the Omnibus Bond Acts are and always have been supplementary  grants of power to issue instruments in accordance with the Omnibus Bond  Acts, regardless of any provision of this Act that may appear to be or to  have been more restrictive than those Acts, (ii) that the provisions of  this Section are not a limitation on the supplementary authority granted by  the Omnibus Bond Acts, and (iii) that instruments issued under this Section  within the supplementary authority granted by the Omnibus Bond Acts are not  invalid because of any provision of this Act that may appear to be or to  have been more restrictive than those Acts.    (Source: P.A. 86-4.)
65 ILCS 5/8-1-14
2021 Illinois Compiled Statutes|Chapter 65 - MUNICIPALITIES|65 ILCS 5/ - Illinois Municipal Code.|Article 8 - Finance

 (from Ch. 24, par. 8-1-14)Sec. 8-1-14.         If at any time it is deemed expedient to convert into money  any tax anticipation warrants theretofore issued and purchased with public  funds pursuant to the provisions of Section 8-1-13, before receipt of the  taxes in anticipation of which the warrants were issued, the corporate  authorities of the municipality, by ordinance or resolution, may authorize  a resale of such warrants and adjust the interest rate thereon, or may  authorize the issuance and sale of a like principal amount of new warrants  for the same purpose and in anticipation of the same taxes as the original  warrants were issued. These new warrants may have any date subsequent to  the date of the original tax anticipation warrants. The new tax  anticipation warrants shall be of the denomination and shall bear interest  at the rate, not to exceed the statutory rate, that is authorized by the  ordinance or resolution specified in this section. In a municipality which  constitutes a school district, and in which the corporate authorities are  required annually to levy all school taxes, the issuance of such new  warrants in anticipation of school taxes, or the resale of such original  warrants with adjusted interest rate, shall be approved by the board of  education of that school district.Simultaneously with the delivery of these new tax anticipation warrants,  a like principal amount of the original warrants that were issued against  the same tax that is anticipated by the new warrants shall be paid and  cancelled. The proceeds of the sale of these new tax anticipation warrants  shall be used first to restore to the fund or funds so invested in the  original tax anticipation warrants, money equivalent to the par value and  accrued interest of the original tax anticipation warrants and the balance,  if any, shall revert to the fund for the creation of which the tax so  anticipated was levied. Warrants resold or reissued pursuant to the  provisions of this section shall have the same incidents of priority with  respect to payment and shall be paid in all respects in the same manner as  other warrants issued in anticipation of the same tax and sold in the first  instance to any purchaser other than the issuing municipality.When tax anticipation warrants are reissued they shall bear the index  numerical designation of the original warrants and shall be subnumbered  consecutively in the order of reissuance, and shall be paid in the direct  order of reissuance, beginning with the earliest subnumber.In determining the priority of payment of more than one series of tax  anticipation warrants against the collection of the same tax, the various  series shall be treated as having been issued on the date of the original  issue of each series of warrants. The series prior in point of time as thus  determined shall be paid first.    (Source: Laws 1961, p. 576.)