Bill Status of SB 2712   103rd General Assembly

Short Description:  TIF-CITY OF OTTAWA

Senate Sponsors
Sen. Sue Rezin

Last Action  View All Actions

DateChamber Action
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-3.5

Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on August 29, 2006 by the City of Ottawa establishing the Ottawa Dayton Industrial TIF District. Creates tax increment allocation financing extensions to the 47th year (currently, the 35th year) for ordinances adopted by the City of Ottawa on December 29, 1993 and September 20, 1994 if the City of Ottawa adopts specified ordinances and provides notice to the taxing bodies that would otherwise constitute the joint review board of each redevelopment project area. Effective immediately.

Actions 
DateChamber Action
  1/10/2024SenateFiled with Secretary by Sen. Sue Rezin
  1/10/2024SenateFirst Reading
  1/10/2024SenateReferred to Assignments
  1/31/2024SenateAssigned to Revenue
  3/15/2024SenateRule 3-9(a) / Re-referred to Assignments

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