(30 ILCS 350/16)
(from Ch. 17, par. 6916)
Levy for bonds.
A governmental unit may levy a tax for the
payment of principal of and interest on general obligation bonds or limited
bonds at any
time prior to March 1 of the calendar year during which the tax will be
collected. The county clerk shall accept the filing of
levying such tax notwithstanding that such time is subsequent to the end of
the calendar year next preceding the calendar year during which such tax
will be collected. In extending taxes for general obligation bonds, the
county clerk shall add to the levy for debt service on such bonds an amount
sufficient, in view of all losses and delinquencies in tax collection, to
produce tax receipts adequate for the prompt payment of such debt service.
(Source: P.A. 91-493, eff. 8-13-99.)