(70 ILCS 200/255-120)
Sec. 255-120.
Tax status of disconnected territory.
The
disconnection of any territory from the Springfield Metropolitan
Exposition and Auditorium Authority shall not exempt it from taxation for
the purpose of paying any indebtedness contracted by the corporate
authorities of the Springfield Metropolitan Exposition and Auditorium
Authority prior to the filing of the petition for disconnection. On the
contrary, the territory shall be assessed and taxed to pay such
indebtedness until this indebtedness is completely paid, the same as though
the territory had not been disconnected. Except for this purpose, the
county clerk of Sangamon County shall not include disconnected territory
within the limits of the Springfield Metropolitan Exposition and Auditorium
Authority from which the territory has been disconnected.
(Source: P.A. 90-328, eff. 1-1-98.)
|