Illinois Statutes
§ 11-70-3
Illinois·Topic GOVERNMENT·Ch. 65 MUNICIPALITIES·Act 65 ILCS 5/ Illinois Municipal Code.·Art. Art 11 prec Div 62 - Public Buildings
All money received from this public building restoration fund tax shall be deposited in the municipal treasury to the credit of that fund. All money so received shall be kept separate and apart from other money of the municipality, and shall not be used or paid out for any other purpose than that of paying the cost of rebuilding or restoring the specified public buildings destroyed or seriously impaired by storm or fire, until all of the costs have been discharged. If the money so received can not be used annually to pay the cost but accumulates, the corporate authorities may invest this money in good interest-paying securities, until the money is needed for the payment of the costs of the rebuilding or restoration.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 11-70-3 — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: Laws 1965, p. 2685.)
Nearby Sections
15
§ 11
§ 11§ 11-1-1
§ 11-1-1§ 11-1-10
§ 11-1-10§ 11-1-12
Quotas prohibited§ 11-1-13
Automated external defibrillators§ 11-1-14
Mental health specialists; police§ 11-1-2.1
§ 11-1-2.1§ 11-1-3
§ 11-1-3§ 11-1-5
§ 11-1-5§ 11-1-5.1
§ 11-1-5.1§ 11-1-6
§ 11-1-6§ 11-1-7
§ 11-1-7§ 11-1-8
§ 11-1-8