(55 ILCS 85/11)
(from Ch. 34, par. 7011)
Payment of project costs; revenues from county property.
Revenues received by a county from any property, building or facility owned,
leased or operated by the county or any agency or authority established by
the county may be used to pay economic development project costs, or reduce
outstanding obligations of the county incurred under this Act for economic
development project costs. The county may place those revenues in the
special tax allocation fund which shall be held by the county treasurer or
other person designated by the county. Revenue received by the county from
the sale or other disposition of real property or personal property or
rights or interests therein acquired by the county with the proceeds of
obligations funded by property tax allocation financing shall be deposited
by the county in the special tax allocation fund.
(Source: P.A. 86-1388.)