State of Illinois
92nd General Assembly
Legislation

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92_SB1809ham002

 










                                           LRB9216147SMksam01

 1                    AMENDMENT TO SENATE BILL 1809

 2        AMENDMENT NO.     .  Amend Senate Bill 1809 by  replacing
 3    everything after the enacting clause with the following:

 4        "Section 5.  The Property Tax Code is amended by changing
 5    Section 31-35 as follows:

 6        (35 ILCS 200/31-35)
 7        Sec. 31-35.  Deposit of tax revenue.
 8        (a)  Beginning  on  the effective date of this amendatory
 9    Act of the 92nd General Assembly and through June  30,  2003,
10    of  the  moneys  collected  under Section 31-15, 50% shall be
11    deposited into the Illinois Affordable  Housing  Trust  Fund,
12    20%  into  the  Open  Space Lands Acquisition and Development
13    Fund, 5% into the Natural Areas  Acquisition  Fund,  and  25%
14    into the General Revenue Fund.
15        (b)  Beginning  July  1,  2003,  of  the moneys collected
16    under Section 31-15, 50% shall be deposited into the Illinois
17    Affordable Housing Trust Fund, 35% into the Open Space  Lands
18    Acquisition  and  Development  Fund, and 15% into the Natural
19    Areas Acquisition Fund.
20    (Source: P.A. 91-555, eff. 1-1-00; 92-536, eff. 6-6-02.)

21        Section 99.  Effective date.  This Act takes effect  July
 
                            -2-            LRB9216147SMksam01
 1    1, 2003.".

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