MUNI CD-APPROP ORD & AUTHORITY

Amends the Illinois Municipal Code. Provides that the corporate authorities of a municipality shall ascertain the total amount budgeted for (now, the total amount of appropriations legally made or budgeted for) and any amount deemed necessary to defray additional expenses and liabilities for all corporate purposes to be provided for the tax levy for the next fiscal year (now, "of that year"). Provides that the corporate authorities shall institute levy collection by an ordinance specifying the amount and purpose of the sums to be levied (now, by an ordinance specifying in detail in the manner authorized for the annual appropriation ordinance or budget of the municipality, the purposes for which the appropriations, budgeting or such additional amounts deemed necessary have been made and the amount assignable for each purpose respectively). Provides that the corporate authorities of a municipality may make transfers of sums of money appropriated for one corporate object or purpose to another corporate object or purpose (now, may make transfers within any department or other separate agency of the municipal government only). Effective January 1, 2005.