Illinois Statutes
§ 205-90 — Ordinary and necessary expenses; tax anticipation warrants
Illinois·Topic GOVERNMENT·Ch. 70 SPECIAL DISTRICTS·Act 70 ILCS 200/ Civic Center Code.·Art. Article 205 - Peoria Civic Center
When there is not sufficient money in the treasury to meet the ordinary and necessary expenses and liabilities of the Authority, the City Council, upon request of the Board, shall order issued warrants against and in anticipation of any taxes levied for the payment of the expenditures for such expenses and liabilities, to the extent of 75% of the total amount of the taxes levied for those purposes.
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Legislative History
(Source: P.A. 90-328, eff. 1-1-98.)
Nearby Sections
15
§ 205-1
Short title§ 205-100
Partial invalidity§ 205-15
Rights and powers§ 205-17
Eminent domain§ 205-20
Power to acquire property§ 205-25
Grants from federal government§ 205-30
Levy of taxes§ 205-35
§ 205-35§ 205-45
Board of Commissioners§ 205-5
Definitions§ 205-50
Oath and qualification