(55 ILCS 5/5-2004) (from Ch. 34, par. 5-2004)
Sec. 5-2004.
Revocation of authority to levy excess tax;
submission to vote. In the event an excess tax has been voted
as provided by Section 5-2002 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 500 legal voters of the County
present a petition to it asking that said excess tax be discontinued,
provide for the submission of the question of discontinuing the additional
tax at any regular 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 a referendum in
accordance with the general election law. The question shall be in
substantially the following form: "For discontinuing additional tax in
excess of constitutional limit of 75¢ per $100 valuation" and
"Against discontinuing additional tax in excess of constitutional limit
of 75¢ per $100 valuation." If the vote on the proposition receives a
majority of all voters voting on the referendum such additional tax shall
not be levied thereafter.
(Source: P.A. 86-962.)
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