70 ILCS 2605/11.18

Current through Public Act 103-1052
Section 70 ILCS 2605/11.18 - Revolving fund for purchasing supplies-Reimbursement-Financial interests of employees

The board of trustees is expressly authorized to establish a revolving fund to enable the director of procurement and materials management to purchase items of common usage in advance of immediate need. The revolving fund shall be reimbursed from appropriations of the using agencies. No officer or employee of a sanitary district organized pursuant to this Act shall be financially interested, directly or indirectly, in any bid, purchase order, lease or contract to which such sanitary district is a party. For purposes of this Section an officer or employee of the sanitary district is deemed to have a direct financial interest in a bid, purchase order, lease or contract with the district, if the officer or employee is employed by the district and is simultaneously employed by a person or corporation that is a party to any bid, purchase order, lease or contract with the sanitary district.

Any officer or employee convicted of a violation of this section shall forfeit his office or employment and in addition shall be guilty of a Class 4 felony.

70 ILCS 2605/11.18

P. A. 77-2408.
Amended by P.A. 095-0923,§ 15, eff. 1/1/2009.