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| 1 | AN ACT concerning local government.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 1. Short title. This Act may be cited as the Land | |||||||||||||||||||
| 5 | Bank Authority Act. | |||||||||||||||||||
| 6 | Section 5. Definitions.As used in this Act, "land bank" | |||||||||||||||||||
| 7 | means a public governmental entity created by one or more | |||||||||||||||||||
| 8 | counties or municipalities in the manner set forth in this | |||||||||||||||||||
| 9 | Act. | |||||||||||||||||||
| 10 | Section 10. Findings; purpose. Vacant, abandoned, and | |||||||||||||||||||
| 11 | tax-delinquent properties negatively impact the health, | |||||||||||||||||||
| 12 | safety, and property values of Illinois residents in | |||||||||||||||||||
| 13 | communities across Illinois and require significant taxpayer | |||||||||||||||||||
| 14 | expenditures to address these harmful impacts. The purpose of | |||||||||||||||||||
| 15 | this Act is to allow Illinois municipalities, counties, and | |||||||||||||||||||
| 16 | other taxing districts to create a land bank to facilitate the | |||||||||||||||||||
| 17 | return of vacant, abandoned, and tax-delinquent properties to | |||||||||||||||||||
| 18 | productive use, thereby combating community decline, | |||||||||||||||||||
| 19 | stimulating economic growth, stabilizing neighborhoods, and | |||||||||||||||||||
| 20 | having a positive impact on residents and the local tax base. A | |||||||||||||||||||
| 21 | land bank created in accordance with this Act serves a public | |||||||||||||||||||
| 22 | purpose required under Section 1 of Article VIII of the | |||||||||||||||||||
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| 1 | Illinois Constitution. | ||||||
| 2 | Section 15. Interpretation. | ||||||
| 3 | (a) This Act shall be construed liberally, and all powers | ||||||
| 4 | granted in this Act shall be broadly interpreted to carry out | ||||||
| 5 | the Act's intended purposes and not as a limitation of powers. | ||||||
| 6 | (b) Nothing in this Act shall be interpreted to restrict | ||||||
| 7 | or otherwise impose any additional limitations on the powers | ||||||
| 8 | and authority already granted to municipalities and counties | ||||||
| 9 | to create, establish, contract with, or operate an entity or | ||||||
| 10 | agency to conduct land banking activities or other related | ||||||
| 11 | activities, or to delegate certain governmental powers to a | ||||||
| 12 | land bank as permitted by law. | ||||||
| 13 | (c) A land bank created by a municipality or county prior | ||||||
| 14 | to the enactment of this Act in the manner described in | ||||||
| 15 | paragraph (3) of Section 20 shall be considered a land bank | ||||||
| 16 | created under this Act on the effective date of this Act. | ||||||
| 17 | Section 20. Creation of a land bank. The corporate | ||||||
| 18 | authorities of a municipality or county, or 2 or more | ||||||
| 19 | municipalities or counties, may create a land bank in one or | ||||||
| 20 | more of the following ways: | ||||||
| 21 | (1) The corporate authorities of any home rule | ||||||
| 22 | municipality or county can create a land bank by passing | ||||||
| 23 | an ordinance. | ||||||
| 24 | (2) The corporate authorities of 2 or more | ||||||
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| 1 | municipalities and counties may create a land bank by | ||||||
| 2 | entering into an intergovernmental cooperation agreement | ||||||
| 3 | pursuant to the authority granted to such municipalities | ||||||
| 4 | or counties in Section 10 of Article VII of the Illinois | ||||||
| 5 | Constitution and the Illinois Intergovernmental | ||||||
| 6 | Cooperation Act if the land bank is created by one of the | ||||||
| 7 | following combinations of counties and municipalities: | ||||||
| 8 | (A) One or more counties and one or more | ||||||
| 9 | municipalities, at least one of which is a home rule | ||||||
| 10 | municipality; or | ||||||
| 11 | (B) At least 3 or more municipalities, including | ||||||
| 12 | at least one home rule municipality. | ||||||
| 13 | (3) The land bank is a public agency formed prior to | ||||||
| 14 | the effective date of this Act, pursuant to the authority | ||||||
| 15 | granted to municipalities, counties, or other taxing | ||||||
| 16 | districts in Section 10 of Article VII of the Illinois | ||||||
| 17 | Constitution and the Illinois Intergovernmental | ||||||
| 18 | Cooperation Act. | ||||||
| 19 | Notwithstanding the manner in which the land bank was | ||||||
| 20 | created, a land bank created under this Act shall itself be a | ||||||
| 21 | public agency, as that term is defined in Section 2 of the | ||||||
| 22 | Illinois Intergovernmental Cooperation Act, and governmental | ||||||
| 23 | body politic and corporate.
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| 24 | Section 99. Effective date. This Act takes effect upon | ||||||
| 25 | becoming law.
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