PARK DIST-DISCONNECT

Amends the Park District Code. Authorizes the disconnection from a park district of any territory of the park district located within a municipality that operates a supervised recreation system, maintains a permanent recreation facility, and levies taxes for the establishment, conduct, and maintenance of the supervised recreation system if the affected land owners are subject to a property tax levied by both governmental bodies for recreational services. Contains provisions concerning the requirements and procedure for a petition for disconnection. Prohibits disconnection if the park district owns a park in excess of 10 acres or a permanent recreational facility within the municipality as of January 1, 2004. Repeals these provisions on May 1, 2005. Effective immediately.