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General Provisions

  • 65 ILCS 5/8-1-1— The corporate authorities may control the finances of the corporation
  • 65 ILCS 5/8-1-1.5— Internal auditor
  • 65 ILCS 5/8-1-2— The corporate authorities may appropriate money for corporate purposes only and provide for payment of debts and expenses of the corporation
  • 65 ILCS 5/8-1-2.5— Expenses for economic development
  • 65 ILCS 5/8-1-3— 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
  • 65 ILCS 5/8-1-3.1— Borrowing from financial institutions
  • 65 ILCS 5/8-1-4— 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
  • 65 ILCS 5/8-1-5
  • 65 ILCS 5/8-1-6— 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
  • 65 ILCS 5/8-1-7
  • 65 ILCS 5/8-1-8— 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
  • 65 ILCS 5/8-1-9— 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
  • 65 ILCS 5/8-1-10
  • 65 ILCS 5/8-1-11
  • 65 ILCS 5/8-1-12
  • 65 ILCS 5/8-1-13
  • 65 ILCS 5/8-1-14
  • 65 ILCS 5/8-1-15
  • 65 ILCS 5/8-1-16
  • 65 ILCS 5/8-1-17— The corporate authorities of any municipality may receive funds from the United States pursuant to the "Comprehensive Employment and Training Act of 1973", Public Law 93-203, and may disburse such funds together with any other municipal funds for the purposes specified in that public law
  • 65 ILCS 5/8-1-18— Purchases made pursuant to this Act shall be made in compliance with the "Local Government Prompt Payment Act", approved by the Eighty-fourth General Assembly