55 ILCS 5/ Counties Code.

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55 ILCS 5/Div. 6-26

(55 ILCS 5/Div. 6-26 heading) Division 6-26.

Extension of Tax to Pay

Principal and Interest on Certain Bonds

55 ILCS 5/6-26001

(55 ILCS 5/6-26001) (from Ch. 34, par. 6-26001)

Sec. 6-26001.

Extension of tax authorized.

Where in any county in this State bonds of any such county
and the levy of an additional tax in excess of the statutory limit but
within the constitutional limit for payment of such bonds have been
authorized for any proper county purpose to enable the county board to
perform any of the duties imposed upon them by law by a majority of the
legal voters voting on the question of issuing such bonds and levying
such additional tax at an election held since November 1, 1947, and
subsequently resolutions have been adopted authorizing such bonds as
voted and levying direct annual taxes sufficient to pay the principal of
and interest upon said bonds and a certified copy of such resolutions
have been filed in the office of the county clerk of said county, and
due to the increase in interest rates on public borrowings in the
financial markets of the country since such election, such voted
additional tax is not sufficient to pay the principal of such bonds and
interest thereon, the county clerk of any such county is authorized
hereafter to extend for collection a tax upon all the taxable property
therein, in addition to such voted additional tax, at a rate on the one
hundred dollar valuation which, when extended, will produce an amount
sufficient to pay the principal of and interest upon said bonds as
authorized and levied in said bond resolutions, provided such additional
tax shall not be in excess of the constitutional limit of taxation
applicable to counties.

(Source: P.A. 86-962.)

55 ILCS 5/Div. 6-27

(55 ILCS 5/Div. 6-27 heading) Division 6-27.

Working Cash Funds - Counties

over 500,000 Population

55 ILCS 5/6-27001

(55 ILCS 5/6-27001) (from Ch. 34, par. 6-27001)

Sec. 6-27001.

Working cash fund in counties of 500,000 or more.

In
each county in this State having a population of 500,000 or more
inhabitants a fund to be known as a working cash fund may be created, set
apart, maintained and administered in the manner prescribed in this
Division for the purpose of enabling such county to have in its treasury at
all times sufficient money to meet demands thereon for ordinary and
necessary expenditures for general corporate purposes.

(Source: P.A. 86-962.)