(30 ILCS 105/6z-42)
Sec. 6z-42. The Do-It-Yourself School Funding Fund. There is created in the State treasury the Do-It-Yourself School Funding Fund. All moneys received by the Department of Revenue under Section 245 of the Illinois Income Tax Act shall be deposited into the Fund. The Department, pursuant to appropriation, shall distribute to each school district the amount of funds deposited into the Fund attributable to taxpayers that reside in that school district, provided that if a taxpayer does not reside in a unit school district, the funds deposited into the Fund and attributable to that taxpayer shall be distributed equally to the elementary school district and high school district in which the taxpayer resides.
(Source: P.A. 90-553, eff. 6-1-98.)
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Last modified: February 18, 2015