Rep. Michael J. Zalewski

Filed: 4/5/2011

 

 


 

 


 
09700HB1218ham002LRB097 00543 HLH 53914 a

1
AMENDMENT TO HOUSE BILL 1218

2    AMENDMENT NO. ______. Amend House Bill 1218, AS AMENDED,
3with reference to page and line numbers of House Amendment No.
41, on page 2, line 9, by replacing "street address" with
5"street address on file with the county collector"; and
 
6on page 4, line 21, by replacing "street address" with "street
7address on file with the county collector"; and
 
8on page 6, by replacing lines 16 through 22 with the following:
9"appropriate. Beginning on January 1, 2013, in counties with
10more than 10,000 inhabitants, the collector shall employ an
11automated bidding system that is programmed to accept the
12lowest redemption price bid by an eligible tax purchaser,
13subject to the penalty percentage limitation set forth in
14Section 21-215. Beginning on January 1, 2013, in counties with
1510,000 or fewer inhabitants, either (i) the collector shall
16employ an automated bidding system that is programmed to accept

 

 

09700HB1218ham002- 2 -LRB097 00543 HLH 53914 a

1the lowest redemption price bid by an eligible tax purchaser,
2subject to the penalty percentage limitation set forth in
3Section 21-215, or (ii) all tax sales shall be videotaped with
4audio. All , provided that bidders are required to personally
5attend the sale and, if automated means are used, all hardware
6and software used with respect to those automated means must be
7certified by the Department and re-certified by the Department
8every 5 years. The changes made by this amendatory Act of the
994th".