101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020
HB5556
 
Introduced , by Rep. Tony McCombie
 
SYNOPSIS AS INTRODUCED:
 

 



65 ILCS 5/11-74-2  from Ch. 24, par. 11-74-2

     Amends the Industrial Project Revenue Bond Act in the Illinois Municipal Code. In the definition of "industrial project", includes use or disposal of surplus real estate owned by the municipality. Effective immediately.
  


LRB101 18737 AWJ 68192 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 

  
HB5556LRB101 18737 AWJ 68192 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 Illinois Municipal Code is amended  by 
5changing Section 11-74-2 as follows:
 



6    (65 ILCS 5/11-74-2)  (from Ch. 24, par. 11-74-2)



7    Sec. 11-74-2. 
Whenever used in this Division 74, unless a 
8different
meaning clearly appears from the context:

9    (1) "Industrial project" means any: (a) capital project, 
10including one or
more buildings and other structures, 
11improvements, machinery and equipment
whether or not on the 
12same site or sites now existing or hereafter
acquired, suitable 
13for use by any manufacturing, industrial, research,

14transportation or commercial enterprise, including but not 
15limited to use
as a factory, mill, processing plant, assembly 
16plant, packaging plant,
fabricating plant, office building, 
17industrial distribution center,
warehouse, repair, overhaul or 
18service facility, freight terminal, research
facility, test 
19facility, railroad facility, or commercial facility, and

20including also the sites thereof and other rights in land 
21therefor whether
improved or unimproved, site preparation and 
22landscaping, and all
appurtenances and facilities incidental 
23thereto such as utilities, access
roads, railroad sidings, 
 
 
HB5556- 2 -LRB101 18737 AWJ 68192 b

1truck docking and similar facilities, parking
facilities, 
2dockage, wharfage, and other improvements necessary or

3convenient thereto; or (b) land, buildings, machinery or 
4equipment
comprising an addition to or renovation, 
5rehabilitation or improvement of
any existing capital project; 
6(c) construction, remodeling or conversion
of a structure to be 
7leased to the Illinois Department of Corrections for
the 
8purposes of its serving as a correctional institution or 
9facility
pursuant to paragraph (c) of Section 3-2-2 of the 
10Unified Code of
Corrections; or (d) construction, remodeling or 
11conversion of a structure
to be leased to the Department of 
12Central Management Services for the
purpose of serving as a 
13State facility pursuant to Section 405-320
of the
Department of 
14Central Management Services Law (20 ILCS 405/405-320); or (e) 
15use or disposal of surplus real estate owned by the 
16municipality.

17    (2) "Municipality" includes any city, village or 
18incorporated town in this
State.

19(Source: P.A. 90-655, eff. 7-30-98; 91-239, eff. 1-1-00.)

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