State of Illinois
91st General Assembly

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 1        AN ACT  to  amend  the  Property  Tax  Code  by  changing
 2    Sections 20-130 and 20-140.

 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:

 5        Section 5.  The Property Tax Code is amended by  changing
 6    Sections 20-130 and 20-140 as follows:

 7        (35 ILCS 200/20-130)
 8        Sec.  20-130.   Distribution of taxes in counties of less
 9    than 3,000,000; return of erroneous distribution.
10        (a)  All distributions of taxes  collected  and  interest
11    earned thereon by a county on behalf of taxing districts must
12    be  made  by the county treasurer, in counties with less than
13    3,000,000 inhabitants, within 30 days after the due date  and
14    at  30  days  intervals  thereafter,  unless the amount to be
15    distributed is less than  $5.   The  county  treasurer  shall
16    distribute the taxes collected at the next 30-day interval if
17    the  taxes  collected are $5 or more.  If the tax collections
18    for a taxing district are less  than  $5  for  3  consecutive
19    30-day  intervals,  the  county treasurer shall automatically
20    distribute  the  taxes  collected  to  the  unit   of   local
21    government   on   the  third  30-day  interval.   The  county
22    treasurer  shall  determine   the   manner   in   which   all
23    distributions  under this Section are to be made.  The manner
24    of distribution may include, but is not limited to, check  or
25    electronic funds transfer.
26        (b)  Notwithstanding  any other law to the contrary, if a
27    county makes an erroneous distribution of taxes collected and
28    interest earned thereon, upon majority vote of the  governing
29    board  of  the  taxing  district  that received the erroneous
30    distribution, the taxing district shall return the  funds  to
31    the county treasurer.
                            -2-                LRB9104682PTpk
 1    (Source: P.A. 88-455; 89-548, eff. 1-1-97.)

 2        (35 ILCS 200/20-140)
 3        Sec.  20-140.   Payment  due  date  for county collector.
 4    Subject to the  provisions  of  the  Public  Funds  Statement
 5    Publication  Act  and Sections 3.1-35-60 through 3.1-35-80 of
 6    the Illinois Municipal Code, the county collector in counties
 7    with 3,000,000 or more inhabitants, shall on the first day of
 8    June and the first day of every month thereafter pay over  to
 9    the other proper authorities or persons the amounts in his or
10    her   possession  and  payable  to  them  as  taxes  and  not
11    previously paid over. In counties with  less  than  3,000,000
12    inhabitants,  the  county collector shall (i) pay over to the
13    other proper authorities or persons, as provided  in  Section
14    20-130,  the  amounts in the collector's hands and payable to
15    them as taxes and (ii) together with the final  payment,  pay
16    over  to  the other proper authorities or persons the amounts
17    in the collector's hands and payable to them as interest  and
18    not   previously  paid  over.   The  county  treasurer  shall
19    determine the manner in which  all  payments  required  by  a
20    county  collector  under  this  Section  are to be made.  The
21    manner of payment may include, but is not limited  to,  check
22    or  electronic  funds  transfer.  Taxes collected in counties
23    with less than  3,000,000  inhabitants  and  not  distributed
24    shall  be invested in accordance with Section 1 of the Public
25    Funds Deposit Act.
26    (Source: P.A. 86-190; 87-1119; 88-455.)

27        Section 99.  Effective date.  This Act takes effect  upon
28    becoming law.

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