LOC GOV-TAX ANTICIPATION LOANS House SponsorsRep. Michael J. Zalewski 1/11/2011HouseSession Sine Die 30 ILCS 105/5.756 new35 ILCS 200/20-157 new Amends the Property Tax Code and the State Finance Act. Creates the Tax Anticipation Revolving Loan Fund. Provides that moneys in the Fund may be used by the Department of Revenue to make short-term loans to taxing districts that (i) are located within Cook County and (ii) are authorized to issue tax anticipation warrants. Provides that loans may be made if (i) any property tax proceeds are not distributed to the taxing district in a timely manner and (ii) as a result of the delay, it will be necessary for the taxing district to issue tax anticipation warrants. Contains provisions concerning repayment of the loans. Effective immediately. 12/17/2009HouseFiled with the Clerk by Rep. Michael J. Zalewski 1/4/2010HouseFirst Reading 1/4/2010HouseReferred to Rules Committee 1/11/2011HouseSession Sine Die