Sec. 5-1011. Separation of funds.
67 words·~1 min read·
/il/chapter-55/act-5/5-1011A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 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.