Bill Text: IL HB4781 | 2019-2020 | 101st General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-06-23 - Rule 19(b) / Re-referred to Rules Committee [HB4781 Detail]

Download: Illinois-2019-HB4781-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB4781 Introduced , by Rep. Thomas M. Bennett SYNOPSIS AS INTRODUCED:
20 ILCS 3805/7.32 new
35 ILCS 200/21-256 new
30 ILCS 105/5.930 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.
LRB101 20506 HLH 70103 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Housing Development Act is amended
by adding Section 7.32 as follows:
(20 ILCS 3805/7.32 new)
Sec. 7.32. Land Bank Operations Program.
(a) The Authority shall establish and administer a Land
Bank Operations Program. The Authority shall use moneys in the
Land Bank Operations Fund, and any other funds appropriated for
this purpose, to make annual grants to intergovernmental or
county land bank authorities, which are comprised of units of
local government through an intergovernmental agreement or
ordinance creating a land bank to assist with acquisition,
management, disposition and revitalization of vacant and
abandoned properties.
(b) The Authority shall maintain a Technical Assistance
Network for the Land Bank Operations Program. The Authority
shall use moneys in the Land Bank Operations Fund, and any
other funds appropriated for this purpose to provide grant
recipients with services from for-profit or not-for-profit
organizations with demonstrated experience with land banking.
(c) The Authority shall retain an amount not greater than

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5% of the annual appropriated funds for administrative costs
associated with the administration of the Land Bank Operations
Program.
Section 10. The Property Tax Code is amended by adding
Section 21-256 as follows:
(35 ILCS 200/21-256 new)
Sec. 21-256. Land Bank Operations Fee.
(a) Except when the county bids as trustee for taxing
districts pursuant to Section 21-90, all purchasers of tax
certificates at a sale under this Code shall pay to the county
collector, prior to the issuance of any tax certificate, a land
bank operations fee of $200 for each certificate purchased. The
land bank operations fee shall not be posted to the tax
judgment, sale and redemption, and forfeiture record, and shall
not be included in the amount of redemption or refund paid to
the tax purchaser under any other Section of this Code.
(b) Fees collected under this Section shall disbursed
within 60 days after receipt by the county collector as
follows: (i) 95% of the proceeds shall be remitted to the State
Treasurer for deposit into the Land Bank Operations Fund, a
special fund in the State treasury; and (ii) 5% may be retained
by the county collector to defray administrative expenses
related to implementation of this Section. Moneys in the Land
Bank Operations Fund shall be expended for the purposes set

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forth in Section 7.32 of the Illinois Housing Development Act.
Notwithstanding any other law to the contrary, the Land Bank
Operations Fund is not subject to sweeps, administrative
charge-backs, or any other fiscal maneuver that would in any
way transfer any amounts from the Land Bank Operations Fund
into any other fund of the State.
Section 15. The State Finance Act is amended by adding
Section 5.930 as follows:
(30 ILCS 105/5.930 new)
Sec. 5.930. The Land Bank Operations Fund.