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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.".