(30 ILCS 105/6p-4) (from Ch. 127, par. 142p4)
Sec. 6p-4.
As soon as possible after the effective date of the Senior
Citizens Real Estate Tax Deferral Act, the sum of $330,000 shall be
transferred from the State Lottery Fund to the Senior Citizens Real Estate
Deferred Tax Revolving Fund by the Comptroller and the State Treasurer.
Additional funds, as may be necessary, may be appropriated from the General
Revenue Fund. Thereafter all moneys received by the Department of Revenue
in payment of deferred taxes and accrued interest, under Section 7 of the
Senior Citizens Real Estate Tax Deferral Act, shall be paid into the Senior
Citizens Real Estate Deferred Tax Revolving Fund. Appropriations from the
Senior Citizens Real Estate Deferred Tax Revolving Fund shall only be made
to the Department of Revenue for making payments to county collectors as
provided in the Senior Citizens Real Estate Tax Deferral Act.
(Source: P.A. 83-1362.)
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