Tax reimbursement account

35 ILCS 200/30-20, under Fiscal Responsibility Law.

35 ILCS 200/30-20

(35 ILCS 200/30-20)

    Sec. 30-20. Tax reimbursement account. If the corporate authorities of a taxing district determine that the taxing district has on hand surplus funds from any source, then the corporate authorities may transfer those surplus funds into a tax reimbursement account.

(Source: P.A. 87-737; 87-767; 88-455.)