Senate Sponsors: NOLAND. Short description: MUNI CD-MEMORIAL BUILDINGS Synopsis of Bill as introduced: Amends the Illinois Municipal Code in the Division concerning monuments and memorials for soldiers, sailors, and distinguished persons. Adds a short title to the Division. Allows certain municipalities to erect or acquire buildings for the purpose of honoring veterans or distinguished persons. Allows the buildings to include facilities for civic and public purposes. Allows the municipality to levy a direct tax to maintain and operate the building. Provides that if a municipality owns or possesses a building or land for the purpose of honoring veterans or distinguished persons, it may lease the building or land to governmental or not-for-profit or proprietary entities. Allows a municipality to seek and receive loans, grants, rentals or lease revenues, voluntary subscriptions or contributions, and other money in order to carry out the purposes of the Division. Makes other changes. Amends the Property Tax Code. Provides that property leased by a municipality to a proprietary entity under the Division of the Illinois Municipal Code concerning buildings, monuments, and memorials is not exempt from property taxes. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status