100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB5523
 
Introduced , by Rep. Jerry Costello, II
 
SYNOPSIS AS INTRODUCED:
 

 
65 ILCS 115/10-4

     Amends the River Edge Redevelopment Zone Act. Provides that, on and after the effective date of the amendatory Act, an area is qualified to become a River Edge Redevelopment Zone if it is an area of the State (1) located on a river, (2) with less than 30,000 population, and (3) that meets one of the following conditions: has a median household income of less than 80% of State median income for a household of 4, as determined by the U.S. Department of Housing and Urban Development; has a per capita personal income of less than 60% of the per capita personal income for Illinois as determined by the U.S. Department of Commerce; or has a median home price of less than 60% of the State median home price. Provides that changes made by the amendatory Act do not affect the certification of any area previously certified by the Department as a River Edge Redevelopment Zone. Effective immediately. 
  


LRB100 16876 AWJ 32017 b

 
 
A BILL FOR
 

  
HB5523LRB100 16876 AWJ 32017 b


  
1    AN ACT concerning local government.
  
 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:
  

 
4    Section 5. The River Edge Redevelopment Zone Act is amended  
5by changing Section 10-4 as follows:
 
6    (65 ILCS 115/10-4)

7    Sec. 10-4. Qualifications for River Edge Redevelopment 
8Zones.  
9    (a) Before the effective date of this amendatory Act of the 
10100th General Assembly, an An area is qualified to become a 
11zone if it:
12        (1) is a contiguous area adjacent to or surrounding a 
13    river;
14        (2) comprises a minimum of one half square mile and not 
15    more than 12 square miles, exclusive of lakes and 
16    waterways;
17        (3) satisfies any additional criteria established by 
18    the Department consistent with the purposes of this Act;
19        (4) is entirely within a single municipality; and
20        (5) has at least 100 acres of environmentally 
21    challenged land within 1500 yards of the riverfront.

22    The changes made by this amendatory Act of the 100th 
23General Assembly do not affect the certification of any area 
 
 
HB5523- 2 -LRB100 16876 AWJ 32017 b

1certified by the Department as a River Edge Redevelopment Zone 
2under this subsection before the effective date of this 
3amendatory Act of the 100th General Assembly.
4    (b) On and after the effective date of this amendatory Act 
5of the 100th General Assembly, an area is qualified to become a 
6zone if it is an area in the State:
7        (1) located on a river;
8        (2) with less than 30,000 population; and
9        (3) that meets one of the following conditions:
10            (A) has a median household income of less than 80% 
11        of State median income for a household of 4, as 
12        determined by the U.S. Department of Housing and Urban 
13        Development;
14            (B) has a per capita personal income of less than 
15        60% of the per capita personal income for Illinois as 
16        determined by the U.S. Department of Commerce; or
17            (C) has a median home price of less than 60% of the 
18        State median home price. 
19(Source: P.A. 94-1021, eff. 7-12-06; 94-1022, eff. 7-12-06.)

 

20    Section 99. Effective date. This Act takes effect upon 
21becoming law.