(230 ILCS 40/75)
Sec. 75. Revenue sharing; Local Government Video Gaming Distributive
Fund. (a) As soon as may be after the
first day of each month, the Department of Revenue shall allocate among those
municipalities and counties of this State that have not prohibited video gaming
pursuant to Section 27 or Section 70 the amount available in
the Local Government Video Gaming Distributive Fund,
a special fund in the State Treasury, as provided in Section 60.
The
Department shall then certify such allocations to the State Comptroller,
who shall pay over to those eligible municipalities and
counties the respective amounts allocated to them. The amount of such
funds allocable to each such municipality and county shall be in
proportion to the tax revenue generated from video gaming within the eligible municipality or county compared to the tax revenue generated from video gaming Statewide.
(b) The amounts allocated and paid to a municipality
or county of this State pursuant to the provisions of this Section may be
used for any general corporate purpose authorized for that municipality or
county.
(c) Upon determination by the Department that an
amount has been
paid
pursuant to this Section in excess of the amount to which the county or
municipality receiving such payment was entitled, the
county or municipality shall, upon demand by the
Department, repay such amount. If such repayment is not made within a
reasonable time, the Department shall withhold from future payments an
amount equal to such overpayment.
The Department shall
redistribute the amount of such payment to the county or municipality
entitled thereto.
(Source: P.A. 96-34, eff. 7-13-09.) |