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IL SB2598
Bill
AI Summary
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Road districts and consolidated road districts may accumulate up to 50% of taxes collected from subdivisions for improvements to nondedicated roads within those subdivisions for a period of 10 years after the effective date of this amendatory act.
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Accumulated nondedicated roads will become part of the township and district road system if they meet criteria established by the counties where the roads are located.
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Total accumulations under this provision may not exceed 10% of the total funds held by the district for road purposes.
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This provision applies only to townships within counties adjacent to a county with a population of 3,000,000 or more and only to subdivisions whose plats were filed or recorded before July 23, 1959.
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Road districts may also accumulate funds for acquiring, constructing, and improving buildings, procuring land, obtaining road maintenance equipment, and constructing roads, subject to voter approval through referendum.
Legislative Description
SUBDIVISION ROAD TAXES
Last Action
Public Act . . . . . . . . . 98-0818
8/1/2014