Sec. 34-38. Re-creation of working cash fund.
97 words·~1 min read·
/il/chapter-105/act-5/34-38A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 34-38. Re-creation of working cash fund. Nothing in this Article prevents a board which has abolished its working cash fund from again creating a working cash fund in the manner provided in Section 34-30 of this Article; provided, however that should the working cash fund be so recreated, the board shall not thereby be authorized to issue working cash fund bonds in an amount greater than the amount authorized at the time of abolition of such fund, and no tax shall be levied for the recreated working cash fund pursuant to Section 34-57 of this Article.