92nd General Assembly Summary of SB1668    [ Home ]   [ Back ]   [ Legislation ]

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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 


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