55 ILCS 5/6-27004
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-27004)Sec. 6-27004.         Purposes for which fund may be used;  reimbursement. All moneys received from the issuance of  bonds as herein authorized, or from any tax levied pursuant to the  authority granted by this Division, shall be set apart in said  working cash fund by the county treasurer and shall be used only for the  purposes and in the manner hereinafter provided. Such fund, and the moneys  therein, shall not be regarded as current assets available for  appropriation and shall not be appropriated by the county board in the  resolution termed the annual appropriations bill.  The county board may  appropriate moneys to the working cash fund up to the maximum amount  allowable in the fund, and the working cash fund may receive such  appropriations and any other contributions. In order to provide moneys with  which to meet ordinary and necessary disbursements for salaries and other  corporate purposes, such fund and the moneys therein may be transferred, in  whole or in part, to the general corporate fund of the county and so  disbursed therefrom (a) in anticipation of the collection of any taxes  lawfully levied for general corporate purposes, (b) in anticipation of the  receipt of moneys to be derived from fees and commissions to be earned by  the county clerk and the county collector for extending and collecting  taxes levied, or (c) in the anticipation of such taxes, as by law now or  hereafter enacted or amended, imposed by the General Assembly of the State  of Illinois to replace revenue lost by units of local government and school  districts as a result of the abolition of ad valorem personal property  taxes, pursuant to Article IX, Section 5(c) of the Constitution of the  State of Illinois. Moneys transferred to the general corporate fund in  anticipation of the collection of taxes shall be deemed to have been  transferred in anticipation of the collection of that part of the taxes so  levied which is in excess of the amount or amounts thereof required to pay  (a) any tax anticipation warrants and the interest thereon, theretofore or  thereafter issued under the provisions of Section two (2) and three (3) of  "An Act to provide for the manner of issuing warrants upon the treasurer of  the State or of any county, township, city, village or other municipal  corporation and jurors' certificates", approved June 27, 1913, as amended, (b)  the aggregate amount of receipts from taxes imposed to replace revenue lost  by units of local government and school districts as a result of the  abolition of ad valorem personal property taxes, pursuant to Article IX,  Section 5(c) of the Constitution of the State of Illinois, which the corporate  authorities estimate will be set aside for the payment of the proportionate  amount of debt service and pension or retirement obligations, as required by  Section 12 of "An Act in relation to State Revenue Sharing with local  government entities", approved July 31, 1969, as amended, and (c) any notes  and the interest thereon, theretofore or thereafter issued under the  provisions of Division 6-2, and such taxes levied for general corporate  purposes when collected shall be applied, first, to the payment of any such  warrant and the interest thereon, the amount estimated to be required to  satisfy debt service and pension or retirement obligations as set forth in  Section 12 of "An Act in relation to State revenue sharing with local  government entities", approved July 31, 1969, as amended, and to the  payment of any such notes and the interest thereon, and then to the  reimbursement of said working cash fund as hereinafter provided. Upon the  receipt by said county treasurer of any taxes, or other moneys, in  anticipation of the collection or receipt whereof moneys of such working  cash fund have been so transferred for disbursement, such fund shall  immediately be reimbursed therefrom until the full amount so transferred  has been re-transferred to such fund. Unless the taxes and other moneys so  received and applied to the reimbursement of the working cash fund, prior  to the close of the fiscal year following the fiscal year in which the last  tax penalty date fall due shall be sufficient to effect a complete  reimbursement of such fund for any moneys transferred therefrom in  anticipation of the collection or receipt of such taxes, or other moneys,  such working cash fund shall be reimbursed for the amount of the deficiency  therein from any other revenues accruing to said general corporate fund,  and it shall be the duty of the county board to make provision for the  immediate reimbursement of the amount of any such deficiency in its next  resolution termed the annual appropriations bill.    (Source: P.A. 86-962.)