(70 ILCS 2305/25) (from Ch. 42, par. 296.5)
Sec. 25.
The Board of Trustees may provide by ordinance for the levy, in
addition to the taxes now authorized by law, and in addition to the
amount authorized to be levied for corporate purposes, as provided by
Section 12 of this Act, of a direct annual tax not exceeding .05% of the
value, as equalized or assessed by the Department of Revenue of the
State of Illinois of all taxable property in such
sanitary district. The fund arising therefrom shall be known as a public
benefit fund and shall be used solely for the purpose of paying that
portion of the several amounts assessed against the district for public
benefit as well as paying any such amounts as may be assessed for public
benefit under any ordinance that may be adopted by the board of
trustees.
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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