Illinois General Assembly - Illinois Compiled Statutes

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50 ILCS 460/35

(50 ILCS 460/35)

Sec. 35.

Notice of first installment
and accrual of interest.  In lieu of the establishment of the
date of the first installment of a special assessment and the
accrual of interest on assessments by the issuance of a first
voucher and the filing of a certificate with the clerk of court
or other act as may be provided by a special assessment law,
either the governing body or the board of local improvements may,
at any time, after the judicial order of final confirmation of
the assessment roll and report, file with the clerk of court in
which the assessment was confirmed a notice of the due date of
the first installment and the date from which interest shall
accrue on the assessments.  The notice shall state the due date
of the first installment, which shall be not earlier than
January 2 of the following year or such later year as shall have
been determined under Section 70 of this Act, and also the
date upon which interest shall begin to accrue on the
assessments, which date shall be not earlier than 60 days
after the date the notice provided for in this Section shall have
been filed with the clerk of court.  In connection with the
application of any special assessment law, the notice shall be
treated upon its filing as if the notice were a certificate of
first voucher or other act as may be provided by a special
assessment law, and all procedures related to the filing of a
certificate of first voucher or such other act shall be deemed to
have been appropriately followed, subject only to the
modifications to such procedures provided for in this Act.

(Source: P.A. 90-480, eff. 8-17-97.)