105 ILCS 5/10-20.43

Current through Public Act 103-1056

Section 105 ILCS 5/10-20.43 - [Renumbered from 105 ILCS 5/10-20.40] School facility and resources occupation tax fund

All proceeds received by a school district from a distribution under Section 3-14.31 must be maintained in a special fund known as the school facility and resources occupation tax fund. The district may use moneys in that fund only for school facility purposes, as that term is defined under Section 5-1006.7 of the Counties Code.

105 ILCS 5/10-20.43

Amended by P.A. 101-0455,§ 20, eff. 8/23/2019.

Amended by P.A. 097-0813,§ 230, eff. 7/13/2012.

Renumbered from 105 ILCS 5/10-20.40 by P.A. 095-0876,§ 175, eff. 8/21/2008.

Added by P.A. 095-0675,§ 15, eff. 10/11/2007.