(70 ILCS 810/42.3) (from Ch. 96 1/2, par. 6445.3)
Sec. 42.3.
All moneys received from the issuance of bonds as provided
in Section 42.2 shall be set apart in the zoological park working cash fund by the
district treasurer and shall be used only for the purposes and in the
manner hereinafter provided.
Such fund and the monies therein shall not be regarded as assets
available for appropriation and shall not be appropriated by the board
in the resolution termed the annual appropriation bill. The 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 meet ordinary and necessary disbursements
for salaries and other zoological purposes, such moneys may be transferred in whole
or in part to the zoological fund of the district, and
disbursed therefrom in anticipation of the collection of any taxes
lawfully levied for zoological purposes, or in 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 zoological 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 any tax
anticipation warrants or general obligation tax anticipation notes and
the interest thereon, theretofore or thereafter issued, and such taxes
levied or to be received for zoological purposes when collected,
or received, shall be applied, first, to the payment of any such
warrants or notes and the interest thereon and then to the reimbursement
of said working cash fund as hereinafter provided. Upon receipt by the
district 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 be immediately
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 falls 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 zoological
fund and it shall be the duty of the board to make provision
for the immediate reimbursement of the amount of any such deficiency in
its next resolution termed the annual appropriation bill.
(Source: P.A. 85-459.)
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