Senate Sponsors: CULLERTON. House Sponsors: HAMOS-OSTERMAN-BIGGINS-SCHOENBERG Short description: PROP TAX-TAX SALE-BOND MINIMUM Synopsis of Bill as introduced: Amends the Property Tax Code. In provisions requiring a person to deposit with the county collector a letter of credit or other unconditional bond in an amount not less than 1.5 times the amount of any tax or special assessment due upon property the person intends to purchases at a tax sale, provides that in no event shall the letter of credit or other unconditional bond be in an amount less than $1,000. Effective immediately. Last action on Bill: PUBLIC ACT.............................. 92-0640 Last action date: JUL-11-2002 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status