(70 ILCS 805/18.5) (from Ch. 96 1/2, par. 6339)
Sec. 18.5.
All revenue derived from the operation of such facility or
facilities constructed, equipped, acquired, extended or improved in whole
or in part with the proceeds of any bonds issued under Sections 18.1
through 18.10 of this Act for the construction, equipping, acquisition,
extension, or improvement of such facility or facilities shall be deposited
in a separate fund. Each fund shall be used only for paying the cost of
operation and maintenance of the recreational facility or facilities or any
combination thereof constructed, equipped, acquired, extended or improved
in whole or in part with the proceeds of such bonds so issued for such
facility or facilities, and for paying the principal of and interest on the
bonds so issued and creating the accounts provided for by the ordinance
authorizing their issuance.
Such forest preserve district shall install and maintain a proper system
of account for each fund, showing the amount received and disbursed from
the operation of such facility or facilities. At least once each year, such
district shall have such accounts for bonds properly audited, and the
report of this audit shall be open to the public for inspection at all
times.
(Source: Laws 1968, p. 228.)
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