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Illinois Statutes Chapter 55. Counties § 5/5-1011. Separation of funds

Current as of January 01, 2022 | Updated by FindLaw Staff

§ 5-1011. Separation of funds. 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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Cite this article: FindLaw.com - Illinois Statutes Chapter 55. Counties § 5/5-1011. Separation of funds - last updated January 01, 2022 | https://codes.findlaw.com/il/chapter-55-counties/il-st-sect-55-5-5-1011/

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