Illinois Statutes
§ 6-3008 — Tax levy
The resolution authorizing the bonds shall also provide for the levy and collection of a direct annual tax upon all taxable property in the county sufficient to pay the principal of the bonds at maturity, the interest on the bonds as it falls due, and the cost of operations and maintenance of the facility. Such tax shall not exceed .07% of the value of the property as equalized or assessed by the Department of Revenue, but shall not be subject to any other statutory limitations relative to taxes which may be extended for county purposes, and shall not be subject to the limitations provided in Section 5-1020.
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Illinois § 6-3008 (Tax levy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 86-962.)
Nearby Sections
15
§ 6
§ 6§ 6-10001
Refunding bonds§ 6-10002
Ordinance§ 6-10003
Exchange or sale of refunding bonds§ 6-10004
Form of refunding bonds; maturity§ 6-10005
Reduction of tax§ 6-10006
Sinking fund§ 6-10007
§ 6-10007§ 6-10008
Applicability§ 6-1001
Annual budget§ 6-1002
Contents of annual budget§ 6-1004
Supplemental budget