(605 ILCS 5/5-603) (from Ch. 121, par. 5-603)
Sec. 5-603.
For the purpose of providing funds to pay the expenses
for engineering and right-of-way costs, utility relocations and its
proportionate share of construction or maintenance of highways in the
federal aid network or county highway network and costs
incurred incident to transportation planning studies conducted in
cooperation, and by formal agreement, with the Department of
Transportation or its predecessor, the Department of Public Works and
Buildings and the designated authority of the United States Government
the county board except in counties having a population in excess of
1,000,000 inhabitants has the power to levy an annual tax to be known as
the matching tax. Such tax shall be in addition to the maximum of all
other county taxes which the county is now or may hereafter be
authorized by statute to levy upon the aggregate valuation of all
taxable property within the county. Such matching tax shall not be
extended at a rate exceeding .05% of the value of all taxable property
within the county, as equalized or assessed by the Department of Revenue.
On ascertaining the rate per cent that will produce
the amount of any tax levied in any such county under this section, the
county clerk shall not add to such tax or rate any sum or amount to
cover the loss or cost of collecting such tax. All moneys derived from
the matching tax shall be placed in a separate fund to be known as the
matching fund and shall be used for no other purposes. The county board
shall from time to time adopt resolutions appropriating matching funds
for specific federal aid projects and motor fuel tax sections or for
transportation planning studies conducted in cooperation, and by formal
agreement, with the Department of Transportation or its predecessor, the
Department of Public Works and Buildings and the designated authority of
the United States Government and no moneys shall be disbursed from this
fund unless so appropriated by the county board. After the end of the
fiscal year, if there is still an unappropriated balance it shall
operate to reduce, in like amount, any subsequent levy.
(Source: P.A. 86-616.)
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