65 ILCS 5/ Illinois Municipal Code.

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65 ILCS 5/Art. 11 Div. 131

(65 ILCS 5/Art. 11 Div. 131 heading) DIVISION 131.

WATER FUND TAX IN CITIES

65 ILCS 5/11-131-1

(65 ILCS 5/11-131-1) (from Ch. 24, par. 11-131-1)

Sec. 11-131-1.

The corporate authorities of any municipality, whether incorporated
under a special charter or the general law, which now has, or hereafter
may have, established or leased a waterworks system for the supply of
water to its inhabitants, has the power annually to levy and collect a
tax not to exceed .0166% of the value, as equalized or assessed by the
Department of Revenue, of the taxable property in the
municipality, for the extension of watermains or pipes in the municipality and for the
maintenance of its waterworks system, or for the creation of a sinking
fund to be applied to the establishment of a waterworks system. However,
the board of public works of the municipality, if any, or the head of the municipality's
water department, shall first certify to the corporate authorities the amount
that will be necessary for the specified purposes, and shall further
certify that the revenue from the waterworks system will be insufficient
therefor. This tax shall be known as the water fund tax and shall be
levied and collected in the same manner as are the other general taxes
of the municipality. A two-thirds majority of all the corporate authorities
may levy and collect annually, a
tax not to exceed .05% of the value, as equalized or assessed by the
Department of Revenue, of the taxable property in the
municipality, for the specified purposes.

The corporate authorities of each municipality, with the concurrence of
two-thirds of all of the members elected thereto, may
levy and collect annually, in addition to all other taxes now authorized
by law, a further tax of not to exceed .033% of the value, as equalized
or assessed by the Department of Revenue, of the
taxable property in the municipality, to be used exclusively for the purpose of
supplying water to the municipality.

Nothing in this Section increases the aggregate amount of tax, as
limited in Section 8-3-1, that may be levied in any one year.

(Source: P.A. 81-1550.)