102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2534

 

Introduced 2/19/2021, by Rep. Thomas M. Bennett

 

SYNOPSIS AS INTRODUCED:
 
20 ILCS 3805/7.32 new
35 ILCS 200/21-256 new
30 ILCS 105/5.935 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.


LRB102 11460 HLH 16794 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB2534LRB102 11460 HLH 16794 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Housing Development Act is amended
5by adding Section 7.32 as follows:
 
6    (20 ILCS 3805/7.32 new)
7    Sec. 7.32. Land Bank Operations Program.
8    (a) The Authority shall establish and administer a Land
9Bank Operations Program. The Authority shall use moneys in the
10Land Bank Operations Fund, and any other funds appropriated
11for this purpose, to make annual grants to intergovernmental
12or county land bank authorities, which are comprised of units
13of local government through an intergovernmental agreement or
14ordinance creating a land bank to assist with acquisition,
15management, disposition and revitalization of vacant and
16abandoned properties.
17    (b) The Authority shall maintain a Technical Assistance
18Network for the Land Bank Operations Program. The Authority
19shall use moneys in the Land Bank Operations Fund, and any
20other funds appropriated for this purpose to provide grant
21recipients with services from for-profit or not-for-profit
22organizations with demonstrated experience with land banking.
23    (c) The Authority shall retain an amount not greater than

 

 

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15% of the annual appropriated funds for administrative costs
2associated with the administration of the Land Bank Operations
3Program.
 
4    Section 10. The Property Tax Code is amended by adding
5Section 21-256 as follows:
 
6    (35 ILCS 200/21-256 new)
7    Sec. 21-256. Land Bank Operations Fee.
8    (a) Except when the county bids as trustee for taxing
9districts pursuant to Section 21-90, all purchasers of tax
10certificates at a sale under this Code shall pay to the county
11collector, prior to the issuance of any tax certificate, a
12land bank operations fee of $200 for each certificate
13purchased. The land bank operations fee shall not be posted to
14the tax judgment, sale and redemption, and forfeiture record,
15and shall not be included in the amount of redemption or refund
16paid to the tax purchaser under any other Section of this Code.
17    (b) Fees collected under this Section shall disbursed
18within 60 days after receipt by the county collector as
19follows: (i) 95% of the proceeds shall be remitted to the State
20Treasurer for deposit into the Land Bank Operations Fund, a
21special fund in the State treasury; and (ii) 5% may be retained
22by the county collector to defray administrative expenses
23related to implementation of this Section. Moneys in the Land
24Bank Operations Fund shall be expended for the purposes set

 

 

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1forth in Section 7.32 of the Illinois Housing Development Act.
2Notwithstanding any other law to the contrary, the Land Bank
3Operations Fund is not subject to sweeps, administrative
4charge-backs, or any other fiscal maneuver that would in any
5way transfer any amounts from the Land Bank Operations Fund
6into any other fund of the State.
 
7    Section 15. The State Finance Act is amended by adding
8Section 5.935 as follows:
 
9    (30 ILCS 105/5.935 new)
10    Sec. 5.935. The Land Bank Operations Fund.