(605 ILCS 5/5-602) (from Ch. 121, par. 5-602)
Sec. 5-602.
For the purpose of administering Sections 5-501, 5-502, 5-503
and 5-504 of this Code, any county having less than 1,000,000 inhabitants may
levy an additional annual tax not exceeding .05% of the value of all the
taxable property in such county, as equalized or assessed by the Department of
Revenue, which tax shall be in addition to all other county taxes and shall be
in excess of any other rate limitation. The foregoing rate limitation may be
increased, for a 10 year period, up to 0.25% under the referendum provisions of
Sections 18-120, 18-125, and 18-130 of the Property Tax Code. This tax shall be
levied and collected at the
same time and in the same manner as taxes for general county purposes. All
moneys derived from such tax shall be placed in a separate fund in the county
treasury to be known as the "county bridge fund". The county board shall from
time to time make appropriations payable from the "county bridge fund" for the
purpose of administering Sections 5-501, 5-502, 5-503 and 5-504 of this Code;
but no portion of this fund may be expended for the purpose of administering
sections 5-502, 5-503 or 5-504 of this Code until all obligations imposed upon
the county by Section 5-501 of this Code have been fulfilled. If, at the end of
any fiscal year of the county, there is any unappropriated balance in the
"county bridge fund", it shall operate to reduce, in like amount, any
subsequent tax levy payable into such fund.
(Source: P.A. 88-670, eff. 12-2-94.)
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