Illinois 2023-2024 Regular Session

Illinois House Bill HB2416 Compare Versions

Only one version of the bill is available at this time.

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1	1	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2416 Introduced , by Rep. Michael T. Marron SYNOPSIS AS INTRODUCED: 20 ILCS 3805/7.33 new35 ILCS 200/21-256 new30 ILCS 105/5.990 new Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall establish and administer a Land Bank Operations Program to make annual grants to intergovernmental or county land bank authorities. Requires the Illinois Housing Development Authority to maintain a Technical Assistance Network for the Land Bank Operations Program. Amends the Property Tax Code. Provides that tax purchasers shall pay to the county collector a land bank operations fee of $200 for each certificate purchased. Provides that the proceeds from the fee shall be disbursed as follows: (i) 95% of the proceeds shall be remitted to the State Treasurer for deposit into the Land Bank Operations Fund; and (ii) 5% may be retained by the county collector. Provides that moneys in the Land Bank Operations Fund shall be used for the Land Bank Operations Program. Amends the State Finance Act to create the Land Bank Operations Fund. LRB103 29546 HLH 55941 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2416 Introduced , by Rep. Michael T. Marron SYNOPSIS AS INTRODUCED: 20 ILCS 3805/7.33 new35 ILCS 200/21-256 new30 ILCS 105/5.990 new 20 ILCS 3805/7.33 new 35 ILCS 200/21-256 new 30 ILCS 105/5.990 new Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall establish and administer a Land Bank Operations Program to make annual grants to intergovernmental or county land bank authorities. Requires the Illinois Housing Development Authority to maintain a Technical Assistance Network for the Land Bank Operations Program. Amends the Property Tax Code. Provides that tax purchasers shall pay to the county collector a land bank operations fee of $200 for each certificate purchased. Provides that the proceeds from the fee shall be disbursed as follows: (i) 95% of the proceeds shall be remitted to the State Treasurer for deposit into the Land Bank Operations Fund; and (ii) 5% may be retained by the county collector. Provides that moneys in the Land Bank Operations Fund shall be used for the Land Bank Operations Program. Amends the State Finance Act to create the Land Bank Operations Fund. LRB103 29546 HLH 55941 b LRB103 29546 HLH 55941 b A BILL FOR
2	2	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2416 Introduced , by Rep. Michael T. Marron SYNOPSIS AS INTRODUCED:
3	3	20 ILCS 3805/7.33 new35 ILCS 200/21-256 new30 ILCS 105/5.990 new 20 ILCS 3805/7.33 new 35 ILCS 200/21-256 new 30 ILCS 105/5.990 new
4	4	20 ILCS 3805/7.33 new
5	5	35 ILCS 200/21-256 new
6	6	30 ILCS 105/5.990 new
7	7	Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall establish and administer a Land Bank Operations Program to make annual grants to intergovernmental or county land bank authorities. Requires the Illinois Housing Development Authority to maintain a Technical Assistance Network for the Land Bank Operations Program. Amends the Property Tax Code. Provides that tax purchasers shall pay to the county collector a land bank operations fee of $200 for each certificate purchased. Provides that the proceeds from the fee shall be disbursed as follows: (i) 95% of the proceeds shall be remitted to the State Treasurer for deposit into the Land Bank Operations Fund; and (ii) 5% may be retained by the county collector. Provides that moneys in the Land Bank Operations Fund shall be used for the Land Bank Operations Program. Amends the State Finance Act to create the Land Bank Operations Fund.
8	8	LRB103 29546 HLH 55941 b LRB103 29546 HLH 55941 b
9	9	LRB103 29546 HLH 55941 b
10	10	A BILL FOR
11	11	HB2416LRB103 29546 HLH 55941 b HB2416 LRB103 29546 HLH 55941 b
12	12	HB2416 LRB103 29546 HLH 55941 b
13	13	1 AN ACT concerning revenue.
14	14	2 Be it enacted by the People of the State of Illinois,
15	15	3 represented in the General Assembly:
16	16	4 Section 5. The Illinois Housing Development Act is amended
17	17	5 by adding Section 7.33 as follows:
18	18	6 (20 ILCS 3805/7.33 new)
19	19	7 Sec. 7.33. Land Bank Operations Program.
20	20	8 (a) The Authority shall establish and administer a Land
21	21	9 Bank Operations Program. The Authority shall use moneys in the
22	22	10 Land Bank Operations Fund, and any other funds appropriated
23	23	11 for this purpose, to make annual grants to intergovernmental
24	24	12 or county land bank authorities. Intergovernmental or county
25	25	13 land bank authorities are land bank authorities that are
26	26	14 created through an intergovernmental agreement or ordinance
27	27	15 and are comprised of units of local government for the purpose
28	28	16 of assisting with the acquisition, management, disposition,
29	29	17 and revitalization of vacant and abandoned properties.
30	30	18 (b) The Authority shall maintain a Technical Assistance
31	31	19 Network for the Land Bank Operations Program. The Authority
32	32	20 shall use moneys in the Land Bank Operations Fund, and any
33	33	21 other funds appropriated for this purpose, to provide grant
34	34	22 recipients with services from for-profit or not-for-profit
35	35	23 organizations with demonstrated experience with land banking.
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39	39	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2416 Introduced , by Rep. Michael T. Marron SYNOPSIS AS INTRODUCED:
40	40	20 ILCS 3805/7.33 new35 ILCS 200/21-256 new30 ILCS 105/5.990 new 20 ILCS 3805/7.33 new 35 ILCS 200/21-256 new 30 ILCS 105/5.990 new
41	41	20 ILCS 3805/7.33 new
42	42	35 ILCS 200/21-256 new
43	43	30 ILCS 105/5.990 new
44	44	Amends the Illinois Housing Development Act. Provides that the Illinois Housing Development Authority shall establish and administer a Land Bank Operations Program to make annual grants to intergovernmental or county land bank authorities. Requires the Illinois Housing Development Authority to maintain a Technical Assistance Network for the Land Bank Operations Program. Amends the Property Tax Code. Provides that tax purchasers shall pay to the county collector a land bank operations fee of $200 for each certificate purchased. Provides that the proceeds from the fee shall be disbursed as follows: (i) 95% of the proceeds shall be remitted to the State Treasurer for deposit into the Land Bank Operations Fund; and (ii) 5% may be retained by the county collector. Provides that moneys in the Land Bank Operations Fund shall be used for the Land Bank Operations Program. Amends the State Finance Act to create the Land Bank Operations Fund.
45	45	LRB103 29546 HLH 55941 b LRB103 29546 HLH 55941 b
46	46	LRB103 29546 HLH 55941 b
47	47	A BILL FOR
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53	53	20 ILCS 3805/7.33 new
54	54	35 ILCS 200/21-256 new
55	55	30 ILCS 105/5.990 new
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74	74	1 (c) The Authority shall retain an amount not greater than
75	75	2 5% of the annual appropriated funds for administrative costs
76	76	3 associated with the administration of the Land Bank Operations
77	77	4 Program.
78	78	5 Section 10. The Property Tax Code is amended by adding
79	79	6 Section 21-256 as follows:
80	80	7 (35 ILCS 200/21-256 new)
81	81	8 Sec. 21-256. Land Bank Operations Fee.
82	82	9 (a) Except when the county bids as trustee for taxing
83	83	10 districts pursuant to Section 21-90, all purchasers of tax
84	84	11 certificates at a sale under this Code shall pay to the county
85	85	12 collector, prior to the issuance of any tax certificate, a
86	86	13 land bank operations fee of $200 for each certificate
87	87	14 purchased. The land bank operations fee shall not be posted to
88	88	15 the tax judgment, sale and redemption, and forfeiture record,
89	89	16 and shall not be included in the amount of redemption or refund
90	90	17 paid to the tax purchaser under any other Section of this Code.
91	91	18 (b) Fees collected under this Section shall be disbursed
92	92	19 within 60 days after receipt by the county collector as
93	93	20 follows: (i) 95% of the proceeds shall be remitted to the State
94	94	21 Treasurer for deposit into the Land Bank Operations Fund, a
95	95	22 special fund in the State treasury; and (ii) 5% may be retained
96	96	23 by the county collector to defray administrative expenses
97	97	24 related to implementation of this Section. Moneys in the Land
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108	108	1 Bank Operations Fund shall be expended for the purposes set
109	109	2 forth in Section 7.32 of the Illinois Housing Development Act.
110	110	3 Notwithstanding any other law to the contrary, the Land Bank
111	111	4 Operations Fund is not subject to sweeps, administrative
112	112	5 charge-backs, or any other fiscal maneuver that would in any
113	113	6 way transfer any amounts from the Land Bank Operations Fund
114	114	7 into any other fund of the State.
115	115	8 (c) This Section applies to tax sales occurring on or
116	116	9 after the effective date of this amendatory Act of the 103rd
117	117	10 General Assembly.
118	118	11 Section 15. The State Finance Act is amended by adding
119	119	12 Section 5.990 as follows:
120	120	13 (30 ILCS 105/5.990 new)
121	121	14 Sec. 5.990. The Land Bank Operations Fund.
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127	127	HB2416 - 3 - LRB103 29546 HLH 55941 b