Sec. 10-20.43. School facility and resources occupation tax fund.
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/il/chapter-105/act-5/10-20-43A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 10-20.43. School facility and resources occupation tax fund. All proceeds received by a school district from a distribution under Section 3-14.31 must be maintained in a special fund known as the school facility and resources occupation tax fund. The district may use moneys in that fund only for school facility purposes, as that term is defined under Section 5-1006.7 of the Counties Code.