(65 ILCS 5/11-68-6) (from Ch. 24, par. 11-68-6)
Sec. 11-68-6.
For the purpose of providing a fund for the maintenance and
development of the stadium and athletic field and for the purpose of
retiring stadium and athletic field bonds, the board of stadium and
athletic field commissioners of any city have the power to levy an
annual tax of not more than .075% of the value, as equalized or assessed
by the Department of Revenue, of the taxable property
of the city, which shall be levied and collected at the time and in the
manner that other taxes are required to be levied and collected. This
tax, when levied and collected, shall be used to retire stadium and
athletic field bonds and shall be applied to the expenses of maintenance
and development of any stadium and athletic field theretofore acquired
by the city.
The foregoing limitation upon tax rate may be increased or decreased
according to the referendum provisions of the General Revenue Law of
Illinois.
(Source: P.A. 81-1509.)
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