55 ILCS 5/6-29004
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-29004)Sec. 6-29004.     Purposes for which fund may be used; reimbursement.     All monies received from any tax levied pursuant to this Division  shall be set apart in the county working cash fund by the county  treasurer and shall be used only for the purposes and in the manner  provided in this Section and Section 6-29005. Such fund, and the monies  therein, may not be regarded as current assets available for  appropriation nor appropriated by the county board in the annual  appropriation bill.  The county board may appropriate monies 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 monies with which to meet ordinary and necessary  disbursements for salaries and other corporate purposes, such fund and the  monies therein may be transferred, in whole or in part, to the general  corporate fund of the county and so disbursed therefrom in anticipation  of the collection of any taxes lawfully levied for general corporate  purposes or in 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 and in anticipation of the receipt of monies to be  derived from fees and commissions to be earned by the county clerk and  the county collector for extending and collecting taxes levied.Monies transferred to the general corporate fund in anticipation of  the collection of taxes shall be treated as transferred in anticipation  of the collection of that part of the taxes so levied or to be received  which is in excess of the amount or amounts thereof required to pay (a)  any warrants and the interest thereon, theretofore or thereafter issued, (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 the State Revenue Sharing Act, and (c)  any notes and the interest thereon, theretofore or thereafter  issued, and such taxes levied for general corporate purposes when  collected shall be applied, first, to the payment of any such warrant or  notes 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 the State Revenue  Sharing Act, and then to the reimbursement of the  working cash fund as hereinafter provided. Upon the receipt by the  county treasurer of any taxes, or other monies, in anticipation of the  collection or receipt whereof monies of the county working cash fund  have been so transferred for disbursement, such fund must immediately be  reimbursed therefrom until the full amount so transferred has been  re-transferred to such fund. Unless the taxes and other monies so  received and applied to the reimbursement of the working cash fund,  before the close of the fiscal year following the fiscal year in which  the last tax penalty date fall due, are sufficient to effect a complete  reimbursement of such fund for any monies transferred therefrom in  anticipation of the collection or receipt of such taxes, or other  monies, the working cash fund must be reimbursed for the amount of the  deficiency therein from any other revenues accruing to the general  corporate fund, and the county board shall provide 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; 86-1475.)