91st General Assembly
Summary of HB0665
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House Sponsors:
BRUNSVOLD.

Senate Sponsors:
JACOBS

Short description: 
MUNI CD-TIF                                                                

Synopsis of Bill as introduced:
        Amends the Tax Increment  Allocation  Redevelopment  Act  in  the      
   Illinois  Municipal  Code.  Makes a technical change in the provisions      
   concerning the short title.                                                 
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          65 ILCS 5/11-74.4-1                                                  
          Adds reference to:                                                   
          65 ILCS 5/11-74.4-3             from Ch. 24, par. 11-74.4-3          
          65 ILCS 5/11-74.4-7             from Ch. 24, par. 11-74.4-7          
        Deletes  everything.   Amends  the   Tax   Increment   Allocation      
   Redevelopment  Act  in the Illinois Municipal Code.  Provides that the      
   maturity date for tax increment financing obligations may  not  exceed      
   35  years  if  the  ordinance  approving the redevelopment project was      
   adopted on February 11, 1985 by the City of Rock  Island,  or  if  the      
   ordinance  was adopted before December 18, 1986 by the City if Moline.      
   Effective immediately.                                                      
 
Last action on Bill: PUBLIC ACT.............................. 91-0763

   Last action date: 00-06-09

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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