Bill Status of HB 2572   98th General Assembly

Short Description:  LOC GOVT-STABILIZE AUTHORITY

House Sponsors
Rep. Thaddeus Jones

Last Action  View All Actions

DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Local Government Stabilization Authority Act. Authorizes the corporate authorities of a county, municipality, or township to create, by ordinance, a Local Government Stabilization Authority that shall use available funds to facilitate the return of vacant, abandoned, and tax-delinquent properties to productive use, combating community deterioration and creating economic growth. Provides definitions. Sets forth procedure regarding the creation of the Authority and funding sources. Further provides for: (1) the Authority's tax-exempt status; (2) the appointment of the Board of Directors and Chairperson, their terms of office, their removal, and vacancies; (3) the responsibilities and powers of the Board of Directors; and (4) an Executive Director to administer the Authority on a day-to-day basis. Sets forth the powers of the Authority to implement the purpose of the Act, including the authority to borrow money, enter into partnerships and joint ventures, and contract for goods and services. Permits the Authority to acquire, hold, manage, and dispose of real property. Requires the Authority to prepare an annual budget and provide annual financial statements and reports to the corporate authorities. Permits the corporate authorities to dissolve the Authority and provides requirements regarding the Authority's debts, liabilities, and obligations. Effective immediately.

Actions 
DateChamber Action
  2/21/2013HouseFiled with the Clerk by Rep. Thaddeus Jones
  2/21/2013HouseFirst Reading
  2/21/2013HouseReferred to Rules Committee
  3/4/2013HouseAssigned to Counties & Townships Committee
  3/19/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Thaddeus Jones
  3/19/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/21/2013HouseDo Pass / Short Debate Counties & Townships Committee; 004-000-000
  3/21/2013HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/22/2013HousePlaced on Calendar 2nd Reading - Short Debate
  3/25/2013HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Thaddeus Jones
  3/25/2013HouseHouse Floor Amendment No. 2 Referred to Rules Committee
  4/18/2013HouseSecond Reading - Short Debate
  4/18/2013HouseHeld on Calendar Order of Second Reading - Short Debate
  4/19/2013HouseRule 19(a) / Re-referred to Rules Committee
  12/3/2014HouseSession Sine Die

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