Illinois Compiled Statutes > 50 ILCS 330 – Illinois Municipal Budget Law


§ 50 ILCS 330/1	Title of Act
§ 50 ILCS 330/2	The following terms, unless the context otherwise indicates, have the …
§ 50 ILCS 330/3	The governing body of each municipality of this State, coming within …
§ 50 ILCS 330/4	The failure by any governing body of any municipality to adopt an …

Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Town trustees: means the members of the township board required by § 80-5 of the Township Code. See Illinois Compiled Statutes 5 ILCS 70/1.30

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