State of Illinois
92nd General Assembly
Legislation

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92_HB5074

 
                                               LRB9212394JMgc

 1        AN ACT in relation to property 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 19-60 as follows:

 6        (35 ILCS 200/19-60)
 7        Sec.  19-60.   Bond  as security for taxes collected. The
 8    bond of every county or township collector shall be  held  to
 9    be  security  for  the payment by the collector to the county
10    treasurer and the taxing districts and proper authorities, of
11    all  taxes,  special  assessments  which  are  collected   or
12    received  on  their  behalf,  and  of all penalties which are
13    recovered against him or her.
14    (Source: P.A. 90-655, eff. 7-30-98.)

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