All proceeds received by a school district from a distribution under Section 3-14.31 must be maintained in a special fund known as the school facility and resources occupation tax fund. The district may use moneys in that fund only for school facility purposes, as that term is defined under Section 5-1006.7 of the Counties Code.
105 ILCS 5/10-20.43
School facility and resources occupation tax fund
Known as the Erin's Law
The act spans §§ 105-5-10-1 to 105-5-10-9 (268 sections).
P.A. 101-455, eff. 8-23-19.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.