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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB5644
Introduced , by Rep. Frank J. Mautino SYNOPSIS AS INTRODUCED: |
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Amends the Property Tax Code. Prohibits any person who has been contracted by a county to conduct the annual tax sale by automated means from acting as a trustee or other fiduciary for or on behalf of the county with respect to any forfeited property. Effective immediately.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB5644 |
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LRB095 16886 BDD 42929 b |
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| AN ACT concerning revenue.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Property Tax Code is amended by adding |
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| Section 21-247 as follows: |
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| (35 ILCS 200/21-247 new) |
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| Sec. 21-247. Conflict of interest by conductor of tax sale. |
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| Any person who has been contracted by a county to conduct the |
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| annual tax sale by automated means is prohibited from acting as |
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| a trustee or other fiduciary for or on behalf of the county |
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| with respect to any forfeited property.
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| Section 99. Effective date. This Act takes effect upon |
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| becoming law.
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