Funds by Fund Number with Statutory Language
improving the technology necessary for the efficient processing of certificates; to defray expenses incidental to teachers'
institutes, workshops or meetings of a professional nature that are designed to promote the professional growth of teachers or
for the purpose of defraying the expense of any general or special meeting of teachers or school personnel of the region,
which has been approved by the regional superintendent.
(b) In addition to the use of moneys in the institute fund to defray expenses under subsection (a) of this Section, the State
Superintendent of Education, as authorized under Section 2-3.105 of this Code, shall use moneys in the institute fund to
defray all costs associated with the administration of teaching certificates within a city having a population exceeding
(c) The regional superintendent shall on or before January 1 of each year publish in a newspaper of general circulation
published in the region or shall post in each school building under his jurisdiction an accounting of (1) the balance on hand
in the Institute fund at the beginning of the previous year; (2) all receipts within the previous year deposited in the fund, with
the sources from which they were derived; (3) the amount distributed from the fund and the purposes for which such
distributions were made; and (4) the balance on hand in the fund.
Fund Number 0160 Business District Retailers' Occupation Tax Fund
Chapter 0065 Act 0005 Section 11-74.3-6
Fund Group: State Trust Fund Total Revenue FY05: $0
Total Revenue FY06: $67,753
Fund Type: Non-Appropriated
Administering Agency: Revenue
(a) If the corporate authorities of a municipality have approved a business district development or redevelopment plan and
have elected to impose a tax by ordinance pursuant to subsections (b), (c), or (d) of this Section, each year after the date of
the approval of the ordinance and until all business district project costs and all municipal obligations financing the business
district project costs, if any, have been paid in accordance with the business district development or redevelopment plan, but
in no event longer than 23 years after the date of adoption of the ordinance approving the business district development or
redevelopment plan, all amounts generated by the retailers' occupation tax and service occupation tax shall be collected and
the tax shall be enforced by the Department of Revenue in the same manner as all retailers' occupation taxes and service
occupation taxes imposed in the municipality imposing the tax and all amounts generated by the hotel operators' occupation
tax shall be collected and the tax shall be enforced by the municipality in the same manner as all hotel operators' occupation
taxes imposed in the municipality imposing the tax. The corporate authorities of the municipality shall deposit the proceeds
of the taxes imposed under subsections (b), (c), and (d) into a special fund held by the corporate authorities of the
municipality called the Business District Tax Allocation Fund for the purpose of paying business district project costs and
obligations incurred in the payment of those costs.
(b) The corporate authorities of a municipality that has established a business district under this Division 74.3 may, by
ordinance or resolution, impose a Business District Retailers' Occupation Tax upon all persons engaged in the business of
selling tangible personal property, other than an item of tangible personal property titled or registered with an agency of this
State's government, at retail in the business district at a rate not to exceed 1% of the gross receipts from the sales made in the
course of such business, to be imposed only in 0.25% increments. The tax may not be imposed on food for human
consumption that is to be consumed off the premises where it is sold (other than alcoholic beverages, soft drinks, and food
that has been prepared for immediate consumption), prescription and nonprescription medicines, drugs, medical appliances,
modifications to a motor vehicle for the purpose of rendering it usable by a disabled person, and insulin, urine testing
materials, syringes, and needles used by diabetics, for human use.
The tax imposed under this subsection and all civil penalties that may be assessed as an incident thereof shall be collected
and enforced by the Department of Revenue. The certificate of registration that is issued by the Department to a retailer
under the Retailers' Occupation Tax Act shall permit the retailer to engage in a business that is taxable under any ordinance
or resolution enacted pursuant to this subsection without registering separately with the Department under such ordinance or
Fund Purpose: The purpose of this Fund is to collect, deposit and disburse business district sales taxes.
Disbursements from the Fund are not appropriated.
Funds by Fund Number with Statutory Language Page 111
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