East and West Loon Lakes benefit from the Loon Lakes Management Association (LLMA) which receives funding through the Special Service Area Eight (SSA8) tax district. The money is used for management and protection of the lake and the surrounding watershed. There is a memorandum of agreement between LLMA and the Lake County Health Department Environmental Services (LCHD-ES) that stipulates specific requirements of the association.
Any management that uses SSA8 money has to go through an Illinois Department of Natural Resources (IDNR) consultation. As part of the consultation process, LLMA was asked to conduct a survey on the endangered and threatened fish within the lake and also create a five year conservation plan outlining the anticipated management. Activities that have been funded through the SSA8 include aquatic plant management, boat launches, and shoreline stabilization.