A tax levy of a taxing district shall not be deemed invalid for the sole reason that the taxing district has accumulated monies in a special reserve fund pursuant to this Article.
35 ILCS 200/30-15
Effect of fund on levies
Known as the Fiscal Responsibility Law
The act spans §§ 35-200-30-1 to 35-200-30-5 (8 sections).
P.A. 84-205; 88-455.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.