(65 ILCS 5/9-1-5)
(from Ch. 24, par. 9-1-5)
Any municipality having any undistributed or unclaimed money
received from the making of any local improvement paid for wholly or in
part by special assessment or special taxation, and which money has
remained in the possession of the municipality for a period of 4 years or
more from the due date of the last installment undistributed or unclaimed
as a rebate or refund, after complying with all provisions for the
distribution of such rebates or refunds set out in Divisions 2 and 3 of
this Article, may set aside and transfer the money, so undistributed or
unclaimed, into a special fund to be known as the unclaimed rebate fund.
This fund may be used as provided in Sections 9-1-6 through 9-1-10.
(Source: Laws 1963, p. 2431.)