All proceeds resulting from the imposition of the tax under this chapter, including interest and penalties, shall be paid to the city and shall be credited to and deposited in the General Corporate Fund of the city, except in transactions between grantors and grantees, whereby the grantee is a participant in the Illinois Home Ownership Made Easy Program (H.O.M.E.), and state law. Therefore, in transactions involving H.O.M.E. Program participants, the participants shall receive the proceeds of the tax under this chapter, including interest and penalties, as a donation from the city within 30 days after the city’s collection of the taxes.
(1999 Code, § 888.14) (Ord. 91-55, passed 12-10-1991)