(A) Prior to the issuance of a certificate of sale, the County Collector shall collect from each person purchasing property under the Revenue Act of 1939 a fee of $60.
(B) The County Treasurer shall hold the money in a special fund to pay interest and costs pursuant to a court ordered sale in error.
(C) The County Treasurer shall invest the principal and income not immediately required for payment in investments authorized under 55 ILCS 5/3-10009 and 5/3-11002, and shall pay into the county’s General Fund each year prior to the annual tax sale any accumulation in the special fund in excess of $500,000.
(Prior Code, § 1-14-1) (Res. 95-909, passed 9-19-1995)