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Sen. James F. Clayborne, Jr.
Filed: 3/7/2012
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1 | | AMENDMENT TO SENATE BILL 549
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2 | | AMENDMENT NO. ______. Amend Senate Bill 549 by replacing |
3 | | everything after the enacting clause with the following:
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4 | | "Section 5. The Illinois Municipal Code is amended by |
5 | | adding Section 11-74.4-12 as follows: |
6 | | (65 ILCS 5/11-74.4-12 new) |
7 | | Sec. 11-74.4-12. Financially distressed cities. |
8 | | A municipality may use moneys from the special tax |
9 | | allocation fund to hire police officers, if the corporate |
10 | | authorities of the municipality determine by ordinance or |
11 | | resolution that, as a result of the development associated with |
12 | | the tax increment financing, more police officers are needed to |
13 | | protect the public health and safety of the residents, and the |
14 | | municipality: (i) has been designated as a financially |
15 | | distressed city, as defined in the Financially Distressed City |
16 | | Law, or (ii) has a median household income of less than 200% of |