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| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB5581 Introduced , by Rep. Robert W. Pritchard SYNOPSIS AS INTRODUCED:
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| 65 ILCS 5/11-74.4-3.2 new | |
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Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that after July 1, 2018, a municipality may not adopt or amend a redevelopment plan or extend the life of a redevelopment project area unless each school district and community college district with territory inside the proposed redevelopment project area agrees to be subject to the redevelopment plan by a resolution adopted by a majority of each board. Provides that if a municipality adopts or amends a redevelopment plan or extends the life of a redevelopment project area in without each school district or community college district adopting a resolution agreeing to the change, the portion of ad valorem taxes arising from the levies upon taxable real property in the redevelopment project area attributable to each school district or community college district that did not adopt the resolution may not be taken or used for any purpose under the Tax Increment Allocation Redevelopment Act. Effective immediately.
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| | | FISCAL NOTE ACT MAY APPLY | |
| | A BILL FOR |
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| | HB5581 | | LRB100 20856 AWJ 36351 b |
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| 1 | | AN ACT concerning local government.
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| 2 | | Be it enacted by the People of the State of Illinois,
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| 3 | | represented in the General Assembly:
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| 4 | | Section 5. The Illinois Municipal Code is amended by adding |
| 5 | | Section 11-74.4-3.2 as follows:
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| 6 | | (65 ILCS 5/11-74.4-3.2 new) |
| 7 | | Sec. 11-74.4-3.2. School approval of redevelopment plans. |
| 8 | | (a) Notwithstanding any other provision of law, after July |
| 9 | | 1, 2018, a municipality may not adopt or amend a redevelopment |
| 10 | | plan or extend the life of a redevelopment project area unless |
| 11 | | each school district and community college district with |
| 12 | | territory inside the proposed redevelopment project area |
| 13 | | agrees to be subject to the redevelopment plan by a resolution |
| 14 | | adopted by a majority of each board. |
| 15 | | (b) If a municipality adopts or amends a redevelopment plan |
| 16 | | or extends the life of a redevelopment project area in |
| 17 | | violation of subsection (a), the portion of ad valorem taxes |
| 18 | | arising from the levies upon taxable real property in the |
| 19 | | redevelopment project area attributable to each school |
| 20 | | district or community college district that did not adopt the |
| 21 | | resolution required under subsection (a) may not be taken or |
| 22 | | used for any purpose under this Act.
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