Illinois Statutes
§ 11-70-3
Illinois § 11-70-3
JurisdictionIllinois
TopicGOVERNMENT
Ch. 65MUNICIPALITIES
Act 65 ILCS 5/Illinois Municipal Code.
Art.Art 11 prec Div 62 - Public Buildings
This text of Illinois § 11-70-3 is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
65 Ill. Comp. Stat. 11-70-3 (2026).
Text
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.
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Legislative History
(Source: Laws 1965, p. 2685.)
Nearby Sections
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Bluebook (online)
Illinois § 11-70-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/65/11-70-3.