Notwithstanding any other provision of law, if there is excess money remaining in a special service area fund at the end of a fiscal year, then the corporate authorities may authorize the use of that excess money to provide special services within the special service area in the next fiscal year, provided that the total amount used for purposes other than capital expenditures may not exceed 25% of the previous fiscal year's budget for the special service area.
35 ILCS 200/27-110
Special service area moneys used in the next fiscal year
Known as the Special Service Area Tax Law
The act spans §§ 35-200-27-10 to 35-200-27-95 (29 sections).
P.A. 99-930, eff. 1-20-17.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.