Bill Status of SB 84   94th General Assembly

Short Description:  MUNI CD-TIF EXTENSION LIMIT

Senate Sponsors
Sen. Dan Cronin-Christine Radogno-Steven J. Rauschenberger

Last Action  View All Actions

DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-3from Ch. 24, par. 11-74.4-3
65 ILCS 5/11-74.4-7from Ch. 24, par. 11-74.4-7

Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, in no case, may the estimated dates of completion of a redevelopment project, the retirement of obligations to finance redevelopment project costs, and the maturity date of refunding obligations be extended later than December 31 of the year in which the payment to the municipal treasurer 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 is adopted. Effective immediately.

Actions 
DateChamber Action
  1/26/2005SenateFiled with Secretary by Sen. Dan Cronin
  1/26/2005SenateChief Co-Sponsor Sen. Christine Radogno
  1/26/2005SenateChief Co-Sponsor Sen. Steven J. Rauschenberger
  1/26/2005SenateFirst Reading
  1/26/2005SenateReferred to Rules
  2/3/2005SenateAssigned to Commerce & Economic Development
  3/3/2005SenatePostponed - Commerce & Economic Development
  3/17/2005SenatePostponed - Commerce & Economic Development
  3/18/2005SenateRule 3-9(a) / Re-referred to Rules
  1/9/2007SenateSession Sine Die

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