Senate Sponsors: CLAYBORNE-WALSH,L. House Sponsors: NOVAK-HOLBROOK Short description: TIF-EAST ST LOUIS EXTENSION Synopsis of Bill as introduced: 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 December 29, 1986 by East St. Louis. Effective immediately. HOUSE AMENDMENT NO. 1. Provides that the maturity date for tax increment financing obligations may not exceed 35 years if the ordinance approving the redevelopment project was adopted in December 1983, December 1989, or on October 5, 1982 by the City of Kankakee. HOUSE AMENDMENT NO. 2. 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 November 12, 1991 by the Village of Sauget. Last action on Bill: PUBLIC ACT.............................. 91-0477 Last action date: 99-08-11 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 2 SENATE - 0 END OF INQUIRY Full Text Bill Status