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Designation of Surplus Equity Fund Fees
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WHEREAS, the Illinois General Assembly has recently passed House Bill 4537, which has been signed into law as Public Act 104-0553 (the “Act”), effective July 10, 2026; and
WHEREAS, the Act authorizes the County Treasurer to collect not more than $20 for each item sold at the annual tax sale and for each year that subsequent taxes are paid by a tax purchaser and that said fee be deposited into a surplus equity fund for claimants entitled to recovery under the Act; and
WHEREAS, said fee will begin to be collected following the due date of the second installment of property taxes collected by the Treasurer; and
WHEREAS, the Act requires that the County Board designate either that the funds be deposited up to a threshold determined to be sufficient for all such surplus equity claims with any excess being deposited into the County’s general fund or that all claims be paid out of the County’s tort liability fund and all collected fees be deposited into the County’s general fund.
NOW, THEREFORE, BE IT ORDAINED by the Kane County Board that the surplus equity funds required by the Act shall be provided by the County Insurance Liability Fund pursuant to 35 ILCS 200/21-301(b); and
NOW, THEREFORE, BE IT FURTHER ORDAINED by the Kane County Board that all sums of money received pursuant to 35 ILCS 200/21-296 shall be deposited into the County’s general fund for general county governmental purposes.
Passed by the Kane County Board on September 8, 2026.
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John A. Cunningham, MBA, JD, JD Corinne M. Pierog MA, MBA
Clerk, County Board Chairman, County Board
Kane County, Illinois Kane County, Illinois
Vote: