Illinois Compiled Statutes - Full Text

  1. Home
  2. Legislation
  3. Illinois Compiled Statutes

Illinois Compiled Statutes - Full Text

Illinois Compiled Statutes (ILCS)

Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide.

Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.


35 ILCS 200/31-35

    (35 ILCS 200/31-35)
    Sec. 31-35. Deposit of tax revenue.
    (a) Beginning on June 6, 2002 (the effective date of Public Act 92-536) and through June 30, 2003, of the moneys collected under Section 31-15, 50% shall be deposited into the Illinois Affordable Housing Trust Fund, 20% into the Open Space Lands Acquisition and Development Fund, 5% into the Natural Areas Acquisition Fund, and 25% into the General Revenue Fund.
    (b) Beginning July 1, 2003, and through June 30, 2025, of the moneys collected under Section 31-15, 50% shall be deposited into the Illinois Affordable Housing Trust Fund, 35% into the Open Space Lands Acquisition and Development Fund, and 15% into the Natural Areas Acquisition Fund.
    (c) Beginning July 1, 2025, of the moneys collected under Section 31-15, the first $300,000 shall be deposited into the Governor's Administrative Fund each fiscal year. After all required deposits into the Governor's Administrative Fund have been made, the remainder shall be deposited as follows:
        (1) 50% into the Illinois Affordable Housing Trust
    
Fund;
        (2) 35% into the Open Space Lands Acquisition and
    
Development Fund; and
        (3) 15% into the Natural Areas Acquisition Fund.
(Source: P.A. 104-2, eff. 6-16-25.)