(65 ILCS 97/35)
Termination of a program.
A program may be terminated only by the
submission of and approval of the issue in the form of a public question before
the voters of the territory of the program at a regularly scheduled election in
the same manner as the question of the creation of the program, as set forth in
Section 15 of this Act. If a majority of the voters voting upon the question
approve the termination of the program, as certified by the proper election
authorities, the program shall conclude its business and cease operations
within one year of the date on which the election containing the public
question was held.
In terminating the program, the governing commission shall refund the
remaining balance of the security fund, if any, after all potential
liabilities have been satisfied, to the then current property taxpayers of
all property within the territory of the commission in an equitable manner
proportionate to the manner in which the security fund was raised.
(Source: P.A. 88-439.)