PROP TX-INTEREST PAYMENT FUNDS House SponsorsRep. Dan Reitz Senate Sponsors(Sen. Mike Jacobs) 7/29/2005HousePublic Act . . . . . . . . . 94-0362 35 ILCS 200/21-33035 ILCS 516/275 Amends the Property Tax Code and the Mobile Home Local Services Tax Enforcement Act. Provides that any moneys accumulated in the special fund for the payment of interest by the county treasurer in excess of $100,000 (now, $500,000) must be paid each year prior to the commencement of the annual tax sale, first to satisfy any existing unpaid judgments, and any funds remaining thereafter must be paid to the general fund of the county. Effective immediately.House Amendment No. 1 In both the Property Tax Code and the Mobile Home Local Services Tax Enforcement Act, provides that any moneys accumulated in the special fund for the payment of interest by the county treasurer in excess of (i) $100,000 in counties with 250,000 or less inhabitants or (ii) $500,000 in counties with more than 250,000 inhabitants (instead of $100,000 for all counties) must be paid each year prior to the commencement of the annual tax sale, first to satisfy any existing unpaid judgments, and any funds remaining thereafter must be paid to the general fund of the county. 2/2/2005HouseFiled with the Clerk by Rep. Dan Reitz 2/2/2005HouseFirst Reading 2/2/2005HouseReferred to Rules Committee 2/8/2005HouseAssigned to Executive Committee 3/10/2005HouseCommittee Deadline Extended-Rule 9(b) March 17, 2005 3/16/2005HouseHouse Amendment No. 1 Filed with Clerk by Executive Committee 3/16/2005HouseHouse Amendment No. 1 Adopted in Executive Committee; by Voice Vote 3/16/2005HouseDo Pass as Amended / Short Debate Executive Committee; 012-000-000 3/16/2005HousePlaced on Calendar 2nd Reading - Short Debate 4/7/2005HouseSecond Reading - Short Debate 4/7/2005HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/11/2005HouseThird Reading - Short Debate - Passed 112-000-000 4/12/2005SenateArrive in Senate 4/12/2005SenatePlaced on Calendar Order of First Reading April 13, 2005 4/14/2005SenateChief Senate Sponsor Sen. Mike Jacobs 4/15/2005SenateFirst Reading 4/15/2005SenateReferred to Rules 4/21/2005SenateAssigned to Revenue 5/5/2005SenateDo Pass Revenue; 007-000-000 5/5/2005SenatePlaced on Calendar Order of 2nd Reading May 10, 2005 5/11/2005SenateSecond Reading 5/11/2005SenatePlaced on Calendar Order of 3rd Reading May 12, 2005 5/18/2005SenateThird Reading - Passed; 056-000-000 5/18/2005HousePassed Both Houses 6/16/2005HouseSent to the Governor 7/29/2005HouseGovernor Approved 7/29/2005HouseEffective Date July 29, 2005 7/29/2005HousePublic Act . . . . . . . . . 94-0362