Revenue Committee

Filed: 3/29/2007





09500HB0664ham001 LRB095 04790 BDD 34375 a


2     AMENDMENT NO. ______. Amend House Bill 664 as follows:
3 on page 2, by replacing lines 15 through 18 with the following:
4 "properties that the registrant has purchased. If the
5 registrant cannot participate in the tax sale, then he or she
6 may notify the tax collector, no later than 5 business days
7 prior to the sale, of the name of the substitute person who
8 will participate in the sale in the registrant's place, and an
9 additional deposit is not required for any such substitute
10 person. If the registrant does not attend the sale, then the
11 deposit is forfeited to the Tax Sale Automation Fund
12 established under Section 21-245. If the registrant does attend
13 the sale and attempts, but fails, to purchase any parcels
14 offered for sale, then the deposit must be refunded to the
15 registrant.".