Date	Chamber	Action
1/8/2013	House	Session Sine Die

Statutes Amended In Order of Appearance

20 ILCS 620/3

from Ch. 67 1/2, par. 1003

20 ILCS 620/4

from Ch. 67 1/2, par. 1004

20 ILCS 620/5

from Ch. 67 1/2, par. 1005

20 ILCS 620/8

from Ch. 67 1/2, par. 1008

20 ILCS 620/9

from Ch. 67 1/2, par. 1009

20 ILCS 620/11

from Ch. 67 1/2, par. 1011

Synopsis As Introduced
Amends the Economic Development Area Tax Increment Allocation Act. Provides that, if the maximum duration for obligations allowed under an economic development plan is less than the maximum duration allowed under the Act, a municipality may, by ordinance, amend the plan to increase the duration up to the maximum duration allowed under the Act. Provides that obligations secured by the special tax allocation fund for an economic development project area shall mature not later than 38 years (now, 23 years) from the date of establishment of the economic development project area. Provides that, under the Act, a municipality has the power to acquire and operate public improvements. Makes other changes. Effective immediately.

Actions 

Date	Chamber	Action
2/24/2011	House	Filed with the Clerk by Rep. Fred Crespo
2/24/2011	House	First Reading
2/24/2011	House	Referred to Rules Committee
3/1/2011	House	Assigned to Revenue & Finance Committee
3/9/2011	House	Added Chief Co-Sponsor Rep. Thomas Morrison
3/17/2011	House	Rule 19(a) / Re-referred to Rules Committee
1/8/2013	House	Session Sine Die

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