55 ILCS 5/5-1011

55 ILCS 5/5-1011
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(55 ILCS 5/5-1011) (from Ch. 34, par. 5-1011) 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. (Source: P.A. 86-962.)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.ilga.gov/legislation/ilcs/ilcs.aspFetched: 10/17/2026

Starting a business in Illinois? Illinois LLC guide: costs and requirements