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92_SB1809enr SB1809 Enrolled SRS92SB0069NCap 1 AN ACT in relation to taxes. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 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 22 1, 2003.