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Illinois Compiled Statutes
Information maintained by the Legislative Reference Bureau Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide. Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.
COUNTIES (55 ILCS 5/) Counties Code. 55 ILCS 5/6-27004
(55 ILCS 5/6-27004) (from Ch. 34, par. 6-27004)
Sec. 6-27004.
Purposes for which fund may be used;
reimbursement. All moneys received from the issuance of
bonds as herein authorized, or from any tax levied pursuant to the
authority granted by this Division, shall be set apart in said
working cash fund by the county treasurer and shall be used only for the
purposes and in the manner hereinafter provided. Such fund, and the moneys
therein, shall not be regarded as current assets available for
appropriation and shall not be appropriated by the county board in the
resolution termed the annual appropriations bill. The county board may
appropriate moneys to the working cash fund up to the maximum amount
allowable in the fund, and the working cash fund may receive such
appropriations and any other contributions. In order to provide moneys with
which to meet ordinary and necessary disbursements for salaries and other
corporate purposes, such fund and the moneys therein may be transferred, in
whole or in part, to the general corporate fund of the county and so
disbursed therefrom (a) in anticipation of the collection of any taxes
lawfully levied for general corporate purposes, (b) in anticipation of the
receipt of moneys to be derived from fees and commissions to be earned by
the county clerk and the county collector for extending and collecting
taxes levied, or (c) in the anticipation of such taxes, as by law now or
hereafter enacted or amended, imposed by the General Assembly of the State
of Illinois to replace revenue lost by units of local government and school
districts as a result of the abolition of ad valorem personal property
taxes, pursuant to Article IX, Section 5(c) of the Constitution of the
State of Illinois. Moneys transferred to the general corporate fund in
anticipation of the collection of taxes shall be deemed to have been
transferred in anticipation of the collection of that part of the taxes so
levied which is in excess of the amount or amounts thereof required to pay
(a) any tax anticipation warrants and the interest thereon, theretofore or
thereafter issued under the provisions of Section two (2) and three (3) of
"An Act to provide for the manner of issuing warrants upon the treasurer of
the State or of any county, township, city, village or other municipal
corporation and jurors' certificates", approved June 27, 1913, as amended, (b)
the aggregate amount of receipts from taxes imposed to replace revenue lost
by units of local government and school districts as a result of the
abolition of ad valorem personal property taxes, pursuant to Article IX,
Section 5(c) of the Constitution of the State of Illinois, which the corporate
authorities estimate will be set aside for the payment of the proportionate
amount of debt service and pension or retirement obligations, as required by
Section 12 of "An Act in relation to State Revenue Sharing with local
government entities", approved July 31, 1969, as amended, and (c) any notes
and the interest thereon, theretofore or thereafter issued under the
provisions of Division 6-2, and such taxes levied for general corporate
purposes when collected shall be applied, first, to the payment of any such
warrant and the interest thereon, the amount estimated to be required to
satisfy debt service and pension or retirement obligations as set forth in
Section 12 of "An Act in relation to State revenue sharing with local
government entities", approved July 31, 1969, as amended, and to the
payment of any such notes and the interest thereon, and then to the
reimbursement of said working cash fund as hereinafter provided. Upon the
receipt by said county treasurer of any taxes, or other moneys, in
anticipation of the collection or receipt whereof moneys of such working
cash fund have been so transferred for disbursement, such fund shall
immediately be reimbursed therefrom until the full amount so transferred
has been re-transferred to such fund. Unless the taxes and other moneys so
received and applied to the reimbursement of the working cash fund, prior
to the close of the fiscal year following the fiscal year in which the last
tax penalty date fall due shall be sufficient to effect a complete
reimbursement of such fund for any moneys transferred therefrom in
anticipation of the collection or receipt of such taxes, or other moneys,
such working cash fund shall be reimbursed for the amount of the deficiency
therein from any other revenues accruing to said general corporate fund,
and it shall be the duty of the county board to make provision for the
immediate reimbursement of the amount of any such deficiency in its next
resolution termed the annual appropriations bill.
(Source: P.A. 86-962.)
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55 ILCS 5/6-27005
(55 ILCS 5/6-27005) (from Ch. 34, par. 6-27005)
Sec. 6-27005. Transfer to general corporate fund. Moneys shall be transferred from said working cash fund to
the general corporate fund only upon the authority of the county board,
which shall from time to time by separate resolution direct the county
treasurer to make transfers of such sums as may be required for the
purposes herein authorized. Every such resolution shall set forth (a)
the taxes or other moneys in anticipation of the collection or receipt
of which such transfer is to be made and from which such working cash
fund is to be reimbursed, (b) with respect only to transfers made in
anticipation of the levy of real property taxes, the entire amount of
taxes extended or which the county board estimates will be extended, for
any year, by the county clerk upon the books of the collectors of State
and county taxes within such county, in anticipation of the collection
of all or part of which such transfer is to be made, (c) the aggregate
amount of warrants theretofore issued in anticipation of the collection
of such taxes, together with the amount of interest accrued, and/or
which the county board estimates will accrue, thereon, (d) the aggregate
amount of notes theretofore issued in anticipation of the collection of
such taxes, together with the amount of the interest accrued, and/or
which the county board estimates will accrue, thereon, (e) the
amount of moneys, which the county board estimates will be earned by the
county clerk and the county collector, respectively, as fees or
commissions for extending or collecting taxes for any year, in
anticipation of the receipt of all or part of which such transfer is to
be made, (f) the amount of such taxes, as by law now or hereafter
enacted or amended, imposed by the General Assembly of the State of
Illinois to replace revenue lost by units of local government and school
districts as a result of the abolition of ad valorem personal property
taxes, pursuant to Article IX, Section 5(c) of the Constitution of the
State of Illinois which the county board estimates will be received by
the county for any year, (g) the aggregate amount of receipts from taxes
imposed to replace revenue lost by units of local government and school
districts as a result of the abolition of ad valorem personal property
taxes, pursuant to Article IX, Section 5(c) of the Constitution of the
State of Illinois, which the corporate authorities estimate will be set
aside for the payment of the proportionate amount of debt service and
pension or retirement obligations, as required by Section 12 of "An Act in
relation to State Revenue Sharing with local government entities", approved
July 31, 1969, as amended, and (h) the aggregate amount of moneys
theretofore transferred from the working cash fund to the general corporate
fund in anticipation of the collection of such taxes or of the receipt of
such other moneys to be derived from fees or commissions or of the receipt
of such taxes, as by law now or hereafter enacted or amended, imposed by
the General Assembly of the State of Illinois to replace revenue lost by
units of local government and school districts as a result of the abolition
of ad valorem personal property taxes, pursuant to Article IX, Section 5(c)
of the Constitution of the State of Illinois. The amount which any such
resolution shall direct the county treasurer so to transfer, in
anticipation of the collection of taxes levied for any year, together with
the aggregate amount of such anticipation tax warrants and notes
theretofore drawn against such taxes and the amount of the interest
accrued, and the aggregate amount of such transfers theretofore made in
anticipation of the collection of such taxes, shall not exceed ninety (90)
per centum of the actual or estimated amount of such taxes extended or to
be extended, as set forth in such resolution. The amount which any such
resolution shall direct the county treasurer so to transfer, in
anticipation of the receipt of any moneys to be derived from fees or
commissions, or of the receipt of such taxes, as by law now or hereafter
enacted or amended, imposed by the General Assembly of the State of
Illinois to replace revenue lost by units of local government and school
districts as a result of the abolition of ad valorem personal property
taxes, pursuant to Article IX, Section 5(c) of the Constitution of the
State of Illinois together with the aggregate amount theretofore
transferred in anticipation of the receipt of any such moneys and the
amount estimated to be required to satisfy debt service and pension or
retirement obligations, as set forth in Section 12 of "An Act in relation
to State revenue sharing with local government entities", approved July
31, 1969, as amended, shall not exceed the total amount which it is so
estimated will be received from such sources. To the extent that at any
time moneys are available in the working cash fund they shall be
transferred to the general corporate fund and disbursed for the payment of
salaries and other corporate expenses so as to avoid, whenever possible,
the issuance of anticipation tax warrants or notes.
(Source: P.A. 98-756, eff. 7-16-14.)
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