(55 ILCS 5/5-2003) (from Ch. 34, par. 5-2003)
Sec. 5-2003.
Duration of excess levy; submission to vote of
question of discontinuing additional tax. In the event an
excess tax has been voted as provided by Section 5-2001 and the order of the
county board shall not have limited the time such excess will be required
to be levied, the county board may thereafter levy such excess tax until
such authority is revoked in manner hereinafter provided. However, no tax
so voted for the payment of interest or principal or both of any bonds
shall be discontinued by virtue of any of the provisions of this Division.
The authority to levy such excess tax (except taxes to pay bonds) may be
discontinued in the following manner: The County board may, by an order
entered of record, and shall, by an order entered of record whenever five
hundred legal voters of the County present petition to it asking that said
excess tax be discontinued, provide for the submission of the question of
discontinuing the additional tax at the next general election held in such
county after the adoption of the resolution. The board shall certify the
resolution and the question to the proper election officials, who shall submit
the question at such election in accordance with the general election law.
The proposition shall be in substantially the following form: "For
discontinuing additional tax in excess of statutory limit of.... cents per
$100 valuation" and "Against discontinuing additional tax in excess of
statutory limit of.... cents per $100 valuation." The votes shall be
canvassed and returned the same as those for county officers, and if a
majority of the votes cast upon the question are for the discontinuing of
the additional tax, then such additional tax shall not be levied thereafter.
(Source: P.A. 86-962.)
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