{"data":{"id":"us-il/55-ilcs-5-5-31016","jurisdiction":"us-il","citation":"55 ILCS 5/5-31016","heading":"Indebtedness.","body":"Whenever a museum district does not have sufficient money in its treasury to meet all necessary expenses and liabilities, it may issue tax anticipation warrants. Such issue of tax anticipation warrants shall be subject to the provisions of Section 2 of the Warrants and Jurors Certificates Act.\nNo museum district shall become indebted in any manner or for any purpose in an amount, including existing indebtedness, in the aggregate exceeding .25% of the value, as equalized or assessed by the Department of Revenue, of the taxable property within the museum district.","path":["CHAPTER 55 COUNTIES","Counties Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=750\u0026ChapterID=12\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:22Z","sha256":"860b726233afd3691c569d5783c913c9d853ead0cd4f81bd134cc5012f3fad3f","source_id":"us-il","stale":false,"prev":"us-il/55-ilcs-5-5-31015","next":"us-il/55-ilcs-5-5-31017"},"notice":"GroundRules: Original legal text. Not legal advice."}