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Public Act 101-0662 Public Act 0662 101ST GENERAL ASSEMBLY |
Public Act 101-0662 | HB0570 Enrolled | LRB101 03154 HLH 48162 b |
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| AN ACT concerning revenue.
| Be it enacted by the People of the State of Illinois, | represented in the General Assembly:
| Section 5. The Illinois Municipal Code is amended by | changing Section 11-74.4-3.5 as follows:
| (65 ILCS 5/11-74.4-3.5)
| Sec. 11-74.4-3.5. Completion dates for redevelopment | projects. | (a) Unless otherwise stated in this Section, the estimated | dates of completion
of the redevelopment project and retirement | of obligations issued to finance
redevelopment project costs | (including refunding bonds under Section 11-74.4-7) may not be
| later than December 31 of the year in which the payment to the | municipal
treasurer, as provided in subsection (b) of Section | 11-74.4-8 of this Act, is to
be made with respect to ad valorem | taxes levied in the 23rd
calendar year after the year in which | the ordinance approving the
redevelopment project area was | adopted if the ordinance was adopted on or after
January 15, | 1981. | (a-5) If the redevelopment project area is located within a | transit facility improvement area established pursuant to | Section 11-74.4-3, the estimated dates of completion of the | redevelopment project and retirement of obligations issued to |
| finance redevelopment project costs (including refunding bonds | under Section 11-74.4-7) may not be later than December 31 of | the year in which the payment to the municipal treasurer, as | provided in subsection (b) of Section 11-74.4-8 of this Act, is | to be made with respect to ad valorem taxes levied in the 35th | calendar year after the year in which the ordinance approving | the redevelopment project area was adopted. | (a-7) A municipality may adopt tax increment financing for | a redevelopment project area located in a transit facility | improvement area that also includes real property located | within an existing redevelopment project area established | prior to August 12, 2016 (the effective date of Public Act | 99-792). In such case: (i) the provisions of this Division | shall apply with respect to the previously established | redevelopment project area until the municipality adopts, as | required in accordance with applicable provisions of this | Division, an ordinance dissolving the special tax allocation | fund for such redevelopment project area and terminating the | designation of such redevelopment project area as a | redevelopment project area; and (ii) after the effective date | of the ordinance described in (i), the provisions of this | Division shall apply with respect to the subsequently | established redevelopment project area located in a transit | facility improvement area. | (b) The estimated dates of completion of the redevelopment | project and retirement of obligations issued to finance |
| redevelopment project costs (including refunding bonds under | Section 11-74.4-7) may not be later than December 31 of the | year in which the payment to the municipal treasurer as | provided in subsection (b) of Section 11-74.4-8 of this Act is | to be made with respect to ad valorem taxes levied in the 32nd | calendar year after the year in which the ordinance approving | the redevelopment project area was adopted if the ordinance was | adopted on September 9, 1999 by the Village of Downs. | The estimated dates of completion
of the redevelopment | project and retirement of obligations issued to finance
| redevelopment project costs (including refunding bonds under | Section 11-74.4-7) may not be later than December 31 of the | year in which the payment to the municipal
treasurer as | provided in subsection (b) of Section 11-74.4-8 of this Act is | to
be made with respect to ad valorem taxes levied in the 33rd | calendar
year after the year in which the ordinance approving | the
redevelopment project area was adopted if the ordinance was | adopted on May 20, 1985 by the Village of Wheeling. | The estimated dates of completion of the redevelopment | project and retirement of obligations issued to finance | redevelopment project costs (including refunding bonds under | Section 11-74.4-7) may not be later than December 31 of the | year in which the payment to the municipal treasurer as | provided in subsection (b) of Section 11-74.4-8 of this Act is | to be made with respect to ad valorem taxes levied in the 28th | calendar year after the year in which the ordinance approving |
| the redevelopment project area was adopted if the ordinance was | adopted on October 12, 1989 by the City of Lawrenceville. | (c) The estimated dates of completion
of the redevelopment | project and retirement of obligations issued to finance
| redevelopment project costs (including refunding bonds under | Section 11-74.4-7) may not be later than December 31 of the | year in which the payment to the municipal
treasurer as | provided in subsection (b) of Section 11-74.4-8 of this Act is | to
be made with respect to ad valorem taxes levied in the 35th | calendar
year after the year in which the ordinance approving | the
redevelopment project area was adopted: | (1) If the ordinance was adopted before January 15, | 1981. | (2) If the ordinance was adopted in December 1983, | April 1984, July 1985,
or December 1989. | (3) If the ordinance was adopted in December 1987 and | the redevelopment
project is located within one mile of | Midway Airport. | (4) If the ordinance was adopted before January 1, 1987 | by a municipality in
Mason County. | (5) If the municipality is subject to the Local | Government Financial Planning
and Supervision Act or the | Financially Distressed City Law. | (6) If the ordinance was adopted in December 1984 by | the Village of Rosemont. | (7) If the ordinance was adopted on December 31, 1986 |
| by a municipality
located in Clinton County for which at | least $250,000 of tax increment
bonds were authorized on | June 17, 1997, or if the ordinance was adopted on
December | 31, 1986 by a municipality with a population in 1990 of | less than
3,600 that is located in a county with a | population in 1990 of less than
34,000 and for which at | least $250,000 of tax increment bonds were authorized
on | June 17, 1997. | (8) If the ordinance was adopted on October 5, 1982 by | the City of Kankakee, or if the ordinance was adopted on | December 29, 1986 by East St. Louis. | (9) If
the ordinance was adopted on November 12, 1991 | by the Village of Sauget. | (10) If the ordinance was
adopted on February 11, 1985 | by the City of Rock Island. | (11) If the ordinance was adopted before December 18, | 1986 by the City of
Moline. | (12) If the ordinance was adopted in September 1988 by | Sauk Village. | (13) If the ordinance was adopted in October 1993 by | Sauk Village. | (14) If the ordinance was adopted on December 29, 1986 | by the City of Galva. | (15) If the ordinance was adopted in March 1991 by the | City of Centreville. | (16) If the ordinance was adopted on January 23, 1991
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| by the City of East St. Louis. | (17) If the ordinance was adopted on December 22, 1986 | by the City of Aledo. | (18) If the ordinance was adopted on February 5, 1990 | by the City of Clinton. | (19) If the ordinance was adopted on September 6, 1994 | by the City of Freeport. | (20) If the ordinance was adopted on December 22, 1986 | by the City of Tuscola. | (21) If the ordinance was adopted on December 23, 1986 | by the City of Sparta. | (22) If the ordinance was adopted on December 23, 1986 | by the City of
Beardstown. | (23) If the ordinance was adopted on April 27, 1981, | October 21, 1985, or
December 30, 1986 by the City of | Belleville. | (24) If the ordinance was adopted on December 29, 1986 | by the City of
Collinsville. | (25) If the ordinance was adopted on September 14, 1994 | by the
City of Alton. | (26) If the ordinance was adopted on November 11, 1996 | by the
City of Lexington. | (27) If the ordinance was adopted on November 5, 1984 | by
the City of LeRoy. | (28) If the ordinance was adopted on April 3, 1991 or
| June 3, 1992 by the City of Markham. |
| (29) If the ordinance was adopted on November 11, 1986 | by the City of Pekin. | (30) If the ordinance was adopted on December 15, 1981 | by the City of Champaign. | (31) If the ordinance was adopted on December 15, 1986 | by the City of Urbana. | (32) If the ordinance was adopted on December 15, 1986 | by the Village of Heyworth. | (33) If the ordinance was adopted on February 24, 1992 | by the Village of Heyworth. | (34) If the ordinance was adopted on March 16, 1995 by | the Village of Heyworth. | (35) If the ordinance was adopted on December 23, 1986 | by the Town of Cicero. | (36) If the ordinance was adopted on December 30, 1986 | by the City of Effingham. | (37) If the ordinance was adopted on May 9, 1991 by the | Village of
Tilton. | (38) If the ordinance was adopted on October 20, 1986 | by the City of Elmhurst. | (39) If the ordinance was adopted on January 19, 1988 | by the City of
Waukegan. | (40) If the ordinance was adopted on September 21, 1998 | by the City of
Waukegan. | (41) If the ordinance was adopted on December 31, 1986 | by the City of Sullivan. |
| (42) If the ordinance was adopted on December 23, 1991 | by the City of Sullivan. | (43) If the ordinance was adopted on December 31, 1986 | by the City of Oglesby. | (44) If the ordinance was adopted on July 28, 1987 by | the City of Marion. | (45) If the ordinance was adopted on April 23, 1990 by | the City of Marion. | (46) If the ordinance was adopted on August 20, 1985 by | the Village of Mount Prospect. | (47) If the ordinance was adopted on February 2, 1998 | by the Village of Woodhull. | (48) If the ordinance was adopted on April 20, 1993 by | the Village of Princeville. | (49) If the ordinance was adopted on July 1, 1986 by | the City of Granite City. | (50) If the ordinance was adopted on February 2, 1989 | by the Village of Lombard. | (51) If the ordinance was adopted on December 29, 1986 | by the Village of Gardner. | (52) If the ordinance was adopted on July 14, 1999 by | the Village of Paw Paw. | (53) If the ordinance was adopted on November 17, 1986 | by the Village of Franklin Park. | (54) If the ordinance was adopted on November 20, 1989 | by the Village of South Holland. |
| (55) If the ordinance was adopted on July 14, 1992 by | the Village of Riverdale. | (56) If the ordinance was adopted on December 29, 1986 | by the City of Galesburg. | (57) If the ordinance was adopted on April 1, 1985 by | the City of Galesburg. | (58) If the ordinance was adopted on May 21, 1990 by | the City of West Chicago. | (59) If the ordinance was adopted on December 16, 1986 | by the City of Oak Forest. | (60) If the ordinance was adopted in 1999 by the City | of Villa Grove. | (61) If the ordinance was adopted on January 13, 1987 | by the Village of Mt. Zion. | (62) If the ordinance was adopted on December 30, 1986 | by the Village of Manteno. | (63) If the ordinance was adopted on April 3, 1989 by | the City of Chicago Heights. | (64) If the ordinance was adopted on January 6, 1999 by | the Village of Rosemont. | (65) If the ordinance was adopted on December 19, 2000 | by the Village of Stone Park. | (66) If the ordinance was adopted on December 22, 1986 | by the City of DeKalb. | (67) If the ordinance was adopted on December 2, 1986 | by the City of Aurora.
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| (68) If the ordinance was adopted on December 31, 1986 | by the Village of Milan. | (69) If the ordinance was adopted on September 8, 1994 | by the City of West Frankfort. | (70) If the ordinance was adopted on December 23, 1986 | by the Village of Libertyville. | (71) If the ordinance was adopted on December 22, 1986 | by the Village of Hoffman Estates.
| (72) If the ordinance was adopted on September 17, 1986 | by the Village of Sherman.
| (73) If the ordinance was adopted on December 16, 1986 | by the City of Macomb. | (74) If the ordinance was adopted on June 11, 2002 by | the City of East Peoria to create the West Washington | Street TIF. | (75) If the ordinance was adopted on June 11, 2002 by | the City of East Peoria to create the Camp Street TIF.
| (76) If the ordinance was adopted on August 7, 2000 by | the City of Des Plaines. | (77) If the ordinance was adopted on December 22, 1986 | by the City of Washington to create the Washington Square | TIF #2. | (78) If the ordinance was adopted on December 29, 1986 | by the City of Morris.
| (79) If the ordinance was adopted on July 6, 1998 by | the Village of Steeleville. |
| (80) If the ordinance was adopted on December 29, 1986 | by the City of Pontiac to create TIF I (the Main St TIF). | (81) If the ordinance was adopted on December 29, 1986 | by the City of Pontiac to create TIF II (the Interstate | TIF). | (82) If the ordinance was adopted on November 6, 2002 | by the City of Chicago to create the Madden/Wells TIF | District. | (83) If the ordinance was adopted on November 4, 1998 | by the City of Chicago to create the Roosevelt/Racine TIF | District. | (84) If the ordinance was adopted on June 10, 1998 by | the City of Chicago to create the Stony Island | Commercial/Burnside Industrial Corridors TIF District. | (85) If the ordinance was adopted on November 29, 1989 | by the City of Chicago to create the Englewood Mall TIF | District. | (86) If the ordinance was adopted on December 27, 1986 | by the City of Mendota. | (87) If the ordinance was adopted on December 31, 1986 | by the Village of Cahokia. | (88) If the ordinance was adopted on September 20, 1999 | by the City of Belleville. | (89) If the ordinance was adopted on December 30, 1986 | by the Village of Bellevue to create the Bellevue TIF | District 1. |
| (90) If the ordinance was adopted on December 13, 1993 | by the Village of Crete. | (91) If the ordinance was adopted on February 12, 2001 | by the Village of Crete. | (92) If the ordinance was adopted on April 23, 2001 by | the Village of Crete. | (93) If the ordinance was adopted on December 16, 1986 | by the City of Champaign. | (94) If the ordinance was adopted on December 20, 1986 | by the City of Charleston. | (95) If the ordinance was adopted on June 6, 1989 by | the Village of Romeoville. | (96) If the ordinance was adopted on October 14, 1993 | and amended on August 2, 2010 by the City of Venice. | (97) If the ordinance was adopted on June 1, 1994 by | the City of Markham. | (98) If the ordinance was adopted on May 19, 1998 by | the Village of Bensenville. | (99) If the ordinance was adopted on November 12, 1987 | by the City of Dixon. | (100) If the ordinance was adopted on December 20, 1988 | by the Village of Lansing. | (101) If the ordinance was adopted on October 27, 1998 | by the City of Moline. | (102) If the ordinance was adopted on May 21, 1991 by | the Village of Glenwood. |
| (103) If the ordinance was adopted on January 28, 1992 | by the City of East Peoria. | (104) If the ordinance was adopted on December 14, 1998 | by the City of Carlyle. | (105) If the ordinance was adopted on May 17, 2000, as | subsequently amended, by the City of Chicago to create the | Midwest Redevelopment TIF District. | (106) If the ordinance was adopted on September 13, | 1989 by the City of Chicago to create the Michigan/Cermak | Area TIF District. | (107) If the ordinance was adopted on March 30, 1992 by | the Village of Ohio. | (108) If the ordinance was adopted on July 6, 1998 by | the Village of Orangeville. | (109) If the ordinance was adopted on December 16, 1997 | by the Village of Germantown. | (110) If the ordinance was adopted on April 28, 2003 by | Gibson City. | (111) If the ordinance was adopted on December 18, 1990 | by the Village of Washington Park, but only after the | Village of Washington Park becomes compliant with the | reporting requirements under subsection (d) of Section | 11-74.4-5, and after the State Comptroller's certification | of such compliance. | (112) If the ordinance was adopted on February 28, 2000 | by the City of Harvey. |
| (113) If the ordinance was adopted on January 11, 1991 | by the City of Chicago to create the Read/Dunning TIF | District. | (114) If the ordinance was adopted on July 24, 1991 by | the City of Chicago to create the Sanitary and Ship Canal | TIF District. | (115) If the ordinance was adopted on December 4, 2007 | by the City of Naperville. | (116) If the ordinance was adopted on July 1, 2002 by | the Village of Arlington Heights. | (117) If the ordinance was adopted on February 11, 1991 | by the Village of Machesney Park. | (118) If the ordinance was adopted on December 29, 1993 | by the City of Ottawa. | (119) If the ordinance was adopted on June 4, 1991 by | the Village of Lansing. | (120) If the ordinance was adopted on February 10, 2004 | by the Village of Fox Lake. | (121) If the ordinance was adopted on December 22, 1992 | by the City of Fairfield. | (122) If the ordinance was adopted on February 10, 1992 | by the City of Mt. Sterling. | (123) If the ordinance was adopted on March 15, 2004 by | the City of Batavia. | (124) If the ordinance was adopted on March 18, 2002 by | the Village of Lake Zurich. |
| (125) If the ordinance was adopted on September 23, | 1997 by the City of Granite City. | (126) If the ordinance was adopted on May 8, 2013 by | the Village of Rosemont to create the Higgins Road/River | Road TIF District No. 6. | (127) If the ordinance was adopted on November 22, 1993 | by the City of Arcola. | (128) If the ordinance was adopted on September 7, 2004 | by the City of Arcola. | (129) If the ordinance was adopted on November 29, 1999 | by the City of Paris. | (130) If the ordinance was adopted on September 20, | 1994 by the City of Ottawa to create the U.S. Route 6 East | Ottawa TIF. | (131) If the ordinance was adopted on May 2, 2002 by | the Village of Crestwood. | (132) If the ordinance was adopted on October 27, 1992 | by the City of Blue Island. | (133) If the ordinance was adopted on December 23, 1993 | by the City of Lacon. | (134) If the ordinance was adopted on May 4, 1998 by | the Village of Bradford. | (135) If the ordinance was adopted on June 11, 2002 by | the City of Oak Forest. | (136) If the ordinance was adopted on November 16, 1992 | by the City of Pinckneyville. |
| (137) If the ordinance was adopted on March 1, 2001 by | the Village of South Jacksonville. | (138) If the ordinance was adopted on February 26, 1992 | by the City of Chicago to create the Stockyards Southeast | Quadrant TIF District. | (139) If the ordinance was adopted on January 25, 1993 | by the City of LaSalle. | (140) If the ordinance was adopted on December 23, 1997 | by the Village of Dieterich. | (141) If the ordinance was adopted on February 10, 2016 | by the Village of Rosemont to create the Balmoral/Pearl TIF | No. 8 Tax Increment Financing Redevelopment Project Area. | (142) If the ordinance was adopted on June 11, 2002 by | the City of Oak Forest. | (143) If the ordinance was adopted on January 31, 1995 | by the Village of Milledgeville. | (144) If the ordinance was adopted on February 5, 1996 | by the Village of Pearl City. | (145) If the ordinance was adopted on December 21, 1994 | by the City of Calumet City. | (146) If the ordinance was adopted on May 5, 2003 by | the Town of Normal. | (147) If the ordinance was adopted on June 2, 1998 by | the City of Litchfield. | (148) If the ordinance was adopted on October 23, 1995 | by the City of Marion. |
| (149) If the ordinance was adopted on May 24, 2001 by | the Village of Hanover Park. | (150) If the ordinance was adopted on May 30, 1995 by | the Village of Dalzell. | (151) If the ordinance was adopted on April 15, 1997 by | the City of Edwardsville. | (152) If the ordinance was adopted on September 5, 1995 | by the City of Granite City. | (153) If the ordinance was adopted on June 21, 1999 by | the Village of Table Grove. | (154) If the ordinance was adopted on February 23, 1995 | by the City of Springfield. | (155) If the ordinance was adopted on August 11, 1999 | by the City of Monmouth. | (156) If the ordinance was adopted on December 26, 1995 | by the Village of Posen. | (157) If the ordinance was adopted on July 1, 1995 by | the Village of Caseyville. | (158) If the ordinance was adopted on January 30, 1996 | by the City of Madison. | (159) If the ordinance was adopted on February 2, 1996 | by the Village of Hartford. | (160) If the ordinance was adopted on July 2, 1996 by | the Village of Manlius. | (161) If the ordinance was adopted on March 21, 2000 by | the City of Hoopeston. |
| (162) If the ordinance was adopted on March 22, 2005 by | the City of Hoopeston. | (163) If the ordinance was adopted on July 10, 1996 by | the City of Chicago to create the Goose Island TIF | District. | (164) If the ordinance was adopted on December 11, 1996 | by the City of Chicago to create the Bryn Mawr/Broadway TIF | District. | (165) If the ordinance was adopted on December 31, 1995 | by the City of Chicago to create the 95th/Western TIF | District. | (166) If the ordinance was adopted on October 7, 1998 | by the City of Chicago to create the 71st and Stony Island | TIF District. | (167) If the ordinance was adopted on April 19, 1995 by | the Village of North Utica. | (168) If the ordinance was adopted on April 22, 1996 by | the City of LaSalle. | (169) If the ordinance was adopted on June 9, 2008 by | the City of Country Club Hills. | (170) If the ordinance was adopted on July 3, 1996 by | the Village of Phoenix. | (171) If the ordinance was adopted on May 19, 1997 by | the Village of Swansea. | (172) If the ordinance was adopted on August 13, 2001 | by the Village of Saunemin. |
| (173) If the ordinance was adopted on January 10, 2005 | by the Village of Romeoville. | (174) If the ordinance was adopted on January 28, 1997 | by the City of Berwyn for the South Berwyn Corridor Tax | Increment Financing District. | (175) If the ordinance was adopted on January 28, 1997 | by the City of Berwyn for the Roosevelt Road Tax Increment | Financing District. | (176) If the ordinance was adopted on May 3, 2001 by | the Village of Hanover Park for the Village Center Tax | Increment Financing Redevelopment Project Area (TIF # 3). | (177) If the ordinance was adopted on January 1, 1996 | by the City of Savanna. | (178) If the ordinance was adopted on January 28, 2002 | by the Village of Okawville. | (179) If the ordinance was adopted on October 4, 1999 | by the City of Vandalia. | (180) If the ordinance was adopted on June 16, 2003 by | the City of Rushville. | (181) If the ordinance was adopted on December 7, 1998 | by the City of Quincy for the Central Business District | West Tax Increment Redevelopment Project Area. | (182) If the ordinance was adopted on March 27, 1997 by | the Village of Maywood approving the Roosevelt Road TIF | District. | (183) If the ordinance was adopted on March 27, 1997 by |
| the Village of Maywood approving the Madison Street/Fifth | Avenue TIF District. | (184) If the ordinance was adopted on November 10, 1997 | by the Village of Park Forest. | (185) If the ordinance was adopted on July 30, 1997 by | the City of Chicago to create the Near North TIF district. | (186) If the ordinance was adopted on December 1, 2000 | by the Village of Mahomet. | (187) If the ordinance was adopted on June 16, 1999 by | the Village of Washburn. | (188) If the ordinance was adopted on August 19, 1998 | by the Village of New Berlin. | (189) If the ordinance was adopted on February 5, 2002 | by the City of Highwood. | (190) If the ordinance was adopted on June 1, 1997 by | the City of Flora. | (d) For redevelopment project areas for which bonds were | issued before
July 29, 1991, or for which contracts were | entered into before June 1,
1988, in connection with a | redevelopment project in the area within
the State Sales Tax | Boundary, the estimated dates of completion of the
| redevelopment project and retirement of obligations to finance | redevelopment
project costs (including refunding bonds under | Section 11-74.4-7) may be extended by municipal ordinance to | December 31, 2013.
The termination procedures of subsection (b) | of Section 11-74.4-8 are not
required for
these redevelopment |
| project areas in 2009 but are required in 2013.
The extension | allowed by Public Act 87-1272 shall not apply to real
property | tax increment allocation financing under Section 11-74.4-8. | (e) Those dates, for purposes of real property tax | increment allocation
financing pursuant to Section 11-74.4-8 | only, shall be not more than 35 years
for redevelopment project | areas that were adopted on or after December 16,
1986 and for | which at least $8 million worth of municipal bonds were | authorized
on or after December 19, 1989 but before January 1, | 1990; provided that the
municipality elects to extend the life | of the redevelopment project area to 35
years by the adoption | of an ordinance after at least 14 but not more than 30
days' | written notice to the taxing bodies, that would otherwise | constitute the
joint review board for the redevelopment project | area, before the adoption of
the ordinance. | (f) Those dates, for purposes of real property tax | increment allocation
financing pursuant to Section 11-74.4-8 | only, shall be not more than 35 years
for redevelopment project | areas that were established on or after December 1,
1981 but | before January 1, 1982 and for which at least $1,500,000 worth | of
tax increment revenue bonds were authorized
on or after | September 30, 1990 but before July 1, 1991; provided that the
| municipality elects to extend the life of the redevelopment | project area to 35
years by the adoption of an ordinance after | at least 14 but not more than 30
days' written notice to the | taxing bodies, that would otherwise constitute the
joint review |
| board for the redevelopment project area, before the adoption | of
the ordinance. | (f-1) Those dates, for purposes of real property tax | increment allocation financing pursuant to Section 11-74.4-8 | only, shall be not more than 47 years for the redevelopment | project area that was established on December 31, 1986 by the | Village of Cahokia if: (i) the Village of Cahokia adopts an | ordinance extending the life of the redevelopment project area | to 47 years; and (ii) the Village of Cahokia provides notice to | the taxing bodies that would otherwise constitute the joint | review board for the redevelopment project area not more than | 30 and not less than 14 days prior to the adoption of that | ordinance. | (f-2) Those dates, for purposes of real property tax | increment allocation financing pursuant to Section 11-74.4-8 | only, shall be not more than 47 years for the redevelopment | project area that was established on December 20, 1986 by the | City of Charleston; provided that (i) the City of Charleston | adopts an ordinance extending the life of the redevelopment | project area to 47 years and (ii) the City of Charleston | provides notice to the taxing bodies that would otherwise | constitute the joint review board for the redevelopment project | area not more than 30 and not less than 14 days prior to the | adoption of that ordinance. | (f-5) Those dates, for purposes of real property tax | increment allocation financing pursuant to Section 11-74.4-8 |
| only, shall be not more than 47 years for redevelopment project | areas that were established on December 29, 1981 by the City of | Springfield; provided that (i) the City of Springfield adopts | an ordinance extending the life of the redevelopment project | area to 47 years and (ii) the City of Springfield provides | notice to the taxing bodies that would otherwise constitute the | joint review board for the redevelopment project area not more | than 30 and not less than 14 days prior to the adoption of that | ordinance. | (g) In consolidating the material relating to completion | dates from Sections 11-74.4-3 and 11-74.4-7 into this Section, | it is not the intent of the General Assembly to make any | substantive change in the law, except for the extension of the | completion dates for the City of Aurora, the Village of Milan,
| the City of West Frankfort, the Village of Libertyville, and | the Village of Hoffman Estates set forth under items (67),
| (68), (69), (70), and (71) of subsection (c) of this Section. | (Source: P.A. 100-201, eff. 8-18-17; 100-214, eff. 8-18-17; | 100-249, eff. 8-22-17; 100-510, eff. 9-15-17; 100-591, eff. | 6-21-18; 100-609, eff. 7-17-18; 100-836, eff. 8-13-18; | 100-853, eff. 8-14-18; 100-859, eff. 8-14-18; 100-863, eff. | 8-14-18; 100-873, eff. 8-14-18; 100-899, eff. 8-17-18; | 100-928, eff. 8-17-18; 100-967, eff. 8-19-18; 100-1031, eff. | 8-22-18; 100-1032, eff. 8-22-18; 100-1164, eff. 12-27-18; | 101-274, eff. 8-9-19; 101-618, eff. 12-20-19; 101-647, eff. | 6-26-20.)
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| Section 99. Effective date. This Act takes effect upon | becoming law.
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Effective Date: 4/2/2021
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