(70 ILCS 810/23) (from Ch. 96 1/2, par. 6426)
Sec. 23.
Any appropriation or levy made for the purpose of
constructing improvements in the development of forests and lands of the
district need not be expended during the fiscal year in which such
appropriation or levy is made. No such appropriation lapses nor may the
moneys levied, collected or received for that purpose become part of the
general funds of the district for a period of 5 years thereafter and
such money may not be considered an asset available for appropriation in
a subsequent fiscal year but it shall be retained and held as a separate
fund for 5 years to be expended within that time for the purpose for
which appropriated and levied, thereafter to become a general asset
available for appropriation for corporate purposes. It is not a defense
or objection to any appropriation or levy in a subsequent fiscal year
for the same purposes that there remain uncommenced or uncompleted
projects or unexpended moneys arising in an appropriation or levy of a
prior year, for purposes of this Section unless the period of 5 years
subsequent to the fiscal year in which the appropriation has been made
has elapsed. The limitations upon tax rates imposed by Section 22 are
not subject to Sections 162a and 162b of the General Revenue Law of
Illinois.
All moneys collected under this Act shall be paid to the treasurer of
such district.
(Source: P.A. 80-320.)
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