Illinois Statutes
§ 30-20 — Tax reimbursement account
Illinois·Topic GOVERNMENT·Ch. 35 REVENUE·Act 35 ILCS 200/ Property Tax Code.·Art. Article 30 - Fiscal Responsibility Law
If the corporate authorities of a taxing district determine that the taxing district has on hand surplus funds from any source, then the corporate authorities may transfer those surplus funds into a tax reimbursement account.
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Legislative History
(Source: P.A. 87-737; 87-767; 88-455.)
Nearby Sections
15
§ 30-1
Short title§ 30-10
Special reserve fund§ 30-15
Effect of fund on levies§ 30-20
Tax reimbursement account§ 30-25
Distributions from account§ 30-5
Definition§ 300
Amount of redemption§ 301
General Rule§ 303
(a) In general§ 304
§ 304§ 305
§ 305