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91_HB1694enr HB1694 Enrolled LRB9104682PTpk 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. HB1694 Enrolled -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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