Illinois Compiled Statutes 40 ILCS 5/9-199 – To submit an annual report
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Terms Used In Illinois Compiled Statutes 40 ILCS 5/9-199
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- County board: means the board of county commissioners in counties not under township organization, and the board of supervisors in counties under township organization, and the board of commissioners of Cook County. See Illinois Compiled Statutes 5 ILCS 70/1.07
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
To submit a report in July of each year to the county board of the county as of the close of business on December 31st of the preceding year. The report shall contain a detailed statement of the affairs of the fund, its income and expenditures, and assets and liabilities, and it shall include the annual actuarial report required under Section 9-169.1. The county board shall have power to require and compel the retirement board to prepare and submit such reports.