Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE8. AGRICULTURE AND ANIMALS |
PART800. AGRICULTURAL FOREIGN INVESTMENT DISCLOSURE ACT |
§800.45. Refund Procedures
Latest version.
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All monies collected from penalties shall be deposited in the general revenue fund. In the event that the aggregate penalty imposed by this Act and Public Law 95-460 exceeds 25% of the fair market value of the interest in the agricultural land with respect to which such violation occurred, the amount of the penalty in excess of 25% will be refunded to the violator at the direction of the Illinois General Assembly.