Illinois Statutes

§ 5-1011 — Separation of funds

Illinois·Topic GOVERNMENT·Ch. 55 COUNTIES·Act 55 ILCS 5/ Counties Code.·Art. Article 5 - Powers And Duties Of County Boards
Whenever a tax is levied for the payment of a specific debt, the amount of such tax collected shall be kept as a separate fund in the county treasury, and expended only in the liquidation of such indebtedness: Provided, that any surplus remaining in the treasury after full payment of such indebtedness, shall be transferred to the common fund of the county.

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Illinois § 5-1011 (Separation of funds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(Source: P.A. 86-962.)

Nearby Sections

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