Illinois Compiled Statutes 65 ILCS 5/8-6-1 – In each municipality with a population of more than 500,000, a fund …
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Terms Used In Illinois Compiled Statutes 65 ILCS 5/8-6-1
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
In each municipality with a population of more than 500,000, a fund to be known as a working cash fund may be created, set apart, maintained, and administered in the manner prescribed in this Division 6, for the purpose of enabling the municipality to have in its treasury at all times sufficient money to meet demands thereon for ordinary and necessary expenditures for corporate purposes and payment of corporate liabilities.