Illinois General Assembly - Bill Status for SB2965
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 Bill Status of SB2965  102nd General Assembly


Short Description:  MUNI CD-TIF SURPLUS FUNDS

Senate Sponsors
Sen. Laura M. Murphy

Last Action
DateChamber Action
  12/15/2021SenateReferred to Assignments

Statutes Amended In Order of Appearance
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 all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).

Actions 
DateChamber Action
  12/15/2021SenateFiled with Secretary by Sen. Laura M. Murphy
  12/15/2021SenateFirst Reading
  12/15/2021SenateReferred to Assignments

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