Revenue and Finance

Amends the Local Governmental Acceptance of Credit Cards Act. Provides that the governing body of a governmental entity accepting payment by credit card may enter into agreements with third-party software providers for the purpose of ensuring that the governmental entity receives the correct remittance for payment. Provides that, if a governmental entity enters into an agreement with one or more financial institutions or other service providers to facilitate the acceptance and processing of credit card payments, then the agreement may not restrict or prevent the governmental entity from using the payment processing system outlined in the State Treasurer Act or any other payment processing system that the governmental entity has procured. Effective immediately.

Amends the State Finance Act. Provides that the Secretary of State may maintain a petty cash fund in excess of $1,000, solely for the purpose of making change, at any Secretary of State Motor Vehicle Facility. Provides that those funds may be retained on the premises of the facility.

Amends the Illinois Sports Facilities Authority Act. Modifies legislative findings. Provides that "facility" includes stadiums, arenas, or other structures for the holding of athletic contests and other events and gatherings, including, without limitation, professional women's sports. Provides that a person may not, on the basis of sex, be prohibited from participating in or receiving any of the benefits of programs or activities at facilities funded under the Act, including facilities established or supported by bonds issued under the Act. Requires the Illinois Sports Facilities Authority to report to the Governor and the General Assembly on any male or female professional sports projects brought to the Authority by a professional sports team in the State. Provides that the Authority shall notify the Governor, Speaker of the House of Representatives, Minority Leader of the House of Representatives, President of the Senate, and Minority Leader of the Senate of the proposal within 2 weeks of receiving a formal request or inquiry. Provides that, before the General Assembly authorizes the issuance of additional bonds under the Act to fund facilities for professional men's sports teams, each chamber of the General Assembly may hold a hearing to publicly review any proposal submitted to the Authority. Repeals provisions relating to a dissolved advisory board. Effective immediately.

Amends the Illinois Local Library Act. Provides that the bond of a library treasurer or custodian of the moneys paid over to a library board shall not be less than 10% (rather than 50%) of the total funds received by the library in the last fiscal year or the treasurer or custodian of the moneys paid over to a library board may provide insurance coverage for negligent and intentional acts by library officials and employees that could result in the loss of library funds in an amount at least equal to 10% (rather than 50%) of the average amount of the library's operating fund from the prior 3 fiscal years. Makes similar changes in the Illinois Library System Act and the Public Library District Act of 1991 relating to treasurer bonds. Effective immediately.

Amends the Property Tax Code. Provides that property that is used for a petroleum refinery may be the subject of a real property tax assessment settlement agreement among the taxpayer and taxing districts in which the property is situated. Makes changes concerning the valuation of pollution control facilities. Effective immediately.