§ 28-41. Trust created for surcharge collections.

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As provided in ILCS ch. 50, act 750, § 15.3(k), any surcharge collected by or imposed on a telecommunications carrier pursuant to this article shall be held to be a special fund in trust for the village, and except for the three percent deduction provided in section 28-39, said special fund shall not be subject to the claims of creditors of the telecommunication carrier.

(Code 1993, § 17-3.5; Ord. No. 2002-O-101, 12-10-2002)

                    
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