Illinois state statute pertaining to loaning money
from municipal fund to another.
(65 ILCS 5/8-1-3.1) (from Ch. 24, par. 8-1-3.1)
Sec. 8-1-3.1. Borrowing from financial institutions. The corporate
authorities may borrow money for corporate purposes from one fund for
the use of another fund providing such borrowing shall be repaid within
the current fiscal year.