Illinois General Assembly - Bill Status for HB5154

Amends the Illinois Open Land Trust Act. Provides that all grants to units of local government paid by the Department of Natural Resources for the acquisition, development, construction, reconstruction, improvement, financing, architectural planning, and installation of capital facilities on land acquired by the Department for the purposes of the Illinois Open Land Trust Act shall be paid to the county treasurer of the county in which the land is situated. Requires the county treasurer to promptly distribute the money to each taxing district in which the acquired lands are located and in proportion to the amount of property tax revenue distributed to that taxing district in the most recent taxable year for which property taxes were collectable against the property. Preempts home rule power. Effective July 1, 2004.

×