(65 ILCS 5/11-70-3) (from Ch. 24, par. 11-70-3)
Sec. 11-70-3.
All money received from this public building restoration fund
tax shall be deposited in the municipal treasury to the credit of that
fund. All money so received shall be kept separate and apart from other
money of the municipality, and shall not be used or paid out for any other
purpose than that of paying the cost of rebuilding or restoring the
specified public buildings destroyed or seriously impaired by storm or
fire, until all of the costs have been discharged. If the money so received
can not be used annually to pay the cost but accumulates, the corporate
authorities may invest this money in good interest-paying securities, until
the money is needed for the payment of the costs of the rebuilding or
restoration.
(Source: Laws 1965, p. 2685.)
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