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90_HB2207
65 ILCS 5/8-3-4 from Ch. 24, par. 8-3-4
Amends the Illinois Municipal Code. Makes technical
changes in the Section concerning the levy of a tax for the
payment of a particular debt.
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LRB9000125KRpk
1 AN ACT to amend the Illinois Municipal Code by changing
2 Section 8-3-4.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Municipal Code is amended by
6 changing Section 8-3-4 as follows:
7 (65 ILCS 5/8-3-4) (from Ch. 24, par. 8-3-4)
8 Sec. 8-3-4. Whenever a municipality is required to levy a
9 tax for the payment of a particular debt, appropriation, or
10 liability of the municipality, the tax for that purpose shall
11 be included in the total amount levied by the corporate
12 authorities, and certified to the county clerk as provided in
13 Section 8-3-1. However, if a municipality has funds arising
14 from any source whatsoever, including allocations received or
15 to be received under the Motor Fuel Tax Law that, as
16 heretofore and hereafter amended which may lawfully be used
17 for the retirement of a particular debt, appropriation, or
18 liability of the municipality, or the payment of the next
19 maturing installment thereof, then if the municipality by
20 resolution directs the application of those such funds to the
21 payment of the particular debt, appropriation, or liability
22 or next maturing installment thereof, it shall certify the
23 such resolution to the county clerk as provided in Section
24 8-3-1. The county clerk shall abate the levy for the payment
25 of the particular debt, appropriation, or liability or the
26 next maturing installment thereof to the extent of the funds
27 so certified as available for such payment. The corporate
28 authorities shall determine, in the ordinance making that
29 levy, what proportion of that total amount shall be applied
30 to the payment of the particular debt, appropriation, or
31 liability. The municipal treasurer shall set apart that
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1 proportion of the tax, collected and paid to him, for the
2 payment of the particular debt, appropriation, or liability,
3 and shall not disburse that proportion of the tax for any
4 other purpose until the debt, appropriation, or liability has
5 been discharged.
6 (Source: Laws 1961, p. 576.)