(305 ILCS 5/12-21.13) (from Ch. 23, par. 12-21.13)
Sec. 12-21.13.
Local funds required to qualify for state aid.
To qualify
for State funds to supplement local funds for public aid purposes, a local
governmental unit shall, except as hereinafter provided, levy within the
time that such levy is authorized to be made a tax of an amount which, when
added to the unobligated balance available for such purposes at the close
of the fiscal year preceding the fiscal year for which the tax is levied
will equal .10% of the last known total equalized value of all taxable
property in the governmental unit.
In a county of less than 3 million population in which there is
created a County Veterans Assistance Commission, the county shall levy
for assistance to military veterans and their families, within the
time that such levy is authorized to be made, a tax of an amount which,
when added to the unobligated balance available for such purpose at the
close of the preceding fiscal year will equal .02% of the last known
assessed value of the taxable property in the county, or which will
equal .03% of such assessed value if such higher amount is authorized by
the electors of the county, as provided in Section 5-2006 of the Counties
Code.
If, however, at the latest date in the year on which the aforesaid
taxes are authorized to be levied there is in the unobligated balance of
the local governmental unit an amount equal to .10%, or .02% in the case
of Veterans' Assistance, of the last known total equalized value of all
taxable property in the governmental unit, then no tax need be levied in
that year in order for the local governmental unit to qualify for State
funds.
In determining the amount of the unobligated balance which is to be
applied in producing the required levy for receipt of State funds, or
which is to be applied in determining whether a tax levy is required,
there shall be deducted from the gross unobligated balance of funds
available at the close of the preceding fiscal year the total amount of
State funds allocated to the governmental unit during that year and the
total amount of any monies transferred to a township's general town fund
under Section 235-20 of the Township Code
during that year, and
only the remainder shall be considered in determining the amount of the
deficiency needed to produce an amount equal to the qualifying levy for
the current year.
(Source: P.A. 87-796; 88-670, eff. 12-2-94.)
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