[Adopted 8-9-1977 (Ch. 11, § 11.20, of the 1986
Code)]
[Amended 2-17-2015]
The County Treasurer shall establish a separate
fund known as the "Real Estate Transfer Stamp Fund."
[Amended 10-21-1986]
The County Treasurer shall advance $50,000 to
the real estate transfer stamp fund; said amount to include the inventory
of real estate transfer stamps on as of October 1, 1986, and said
amount of $50,000 shall be repaid from the first $50,000 sale of revenue
stamps.
[Amended 10-21-1986]
The County Recorder is authorized to direct
that the County Treasurer issue a check up to $50,000 payable to the
State of Illinois for the purchase of real estate transfer stamps
from the Real Estate Transfer Revolving Fund.
[Amended 2-17-2015]
The County Recorder shall deposit weekly in
the Real Estate Transfer Stamp Fund the proceeds of the sale of real
estate transfer stamps.
[Amended 10-21-1986]
The County Treasurer shall maintain a balance
of $50,000 in the Real Estate Transfer Revolving Stamp Fund; said
amount to include the inventory of real estate transfer stamps on
hand, and further shall quarterly or sooner transfer any balance in
excess of $50,000 to the County General Corporate Fund.
[Added 10-21-1986]
The County Clerk shall provide a certified copy
of this article to the County Recorder, County Treasurer, and County
Administrator.
