(65 ILCS 5/11-70-1) (from Ch. 24, par. 11-70-1)
Sec. 11-70-1.
In any municipality, whether incorporated under general
law or special charter, in which the municipal hall, or any municipal
jail or police station, fire department house, or public library is
destroyed or seriously impaired by storm or fire, the corporate
authorities, in order to rebuild or restore any such building, thus
destroyed or seriously impaired, may levy an annual tax for not
exceeding 10 successive years of not exceeding .08333% of the value, as
equalized or assessed by the Department of Revenue, on
all of the taxable property in the municipality. This tax shall be
levied and collected in the same manner as the general taxes of that
municipality and shall be known as the public building restoration fund
tax. This tax shall not be included in the aggregate amount of taxes as
limited by Section 8-3-1, or by any provision of any special charter
under which such a municipality is now operating.
The foregoing limitation upon tax rates in municipalities of less
than 1,000,000 population may be increased or decreased according to the
referendum provisions of the General Revenue Law of Illinois.
(Source: P.A. 81-1509.)
|