55 ILCS 5/5-1011

Current through Public Act 103-1052
Section 55 ILCS 5/5-1011 - 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.

55 ILCS 5/5-1011

P.A. 86-962.