Illinois General Assembly - Bill Status for HB3706

Synopsis As Introduced
Creates the University Park Development Authority Act. Creates the University Park Development Authority for the purpose of facilitating and promoting the redevelopment of certain property. Provides that the jurisdiction of the Authority extends over the Village of University Park and any and all property that the Village may annex during the course of the existence of the Authority. Provides that the Authority is governed by a 5-member Board of Directors. Sets forth the powers and responsibilities of the Authority, including the power to acquire, own, lease, sell, and dispose of real property and, under the supervision of the Illinois Finance Authority, the power to issue revenue bonds. Contains other provisions. Amends the Illinois Finance Authority Act. Provides that all bond issuances of the University Park Development Authority are subject to supervision, management, control, and approval of the Illinois Finance Authority. Effective immediately.

Actions

Date	Chamber	Action
2/17/2023	House	Filed with the Clerk by Rep. Debbie Meyers-Martin
2/17/2023	House	First Reading
2/17/2023	House	Referred to Rules Committee
2/28/2023	House	Assigned to Cities & Villages Committee
3/7/2023	House	Do Pass / Short Debate Cities & Villages Committee; 016-000-000
3/8/2023	House	Placed on Calendar 2nd Reading - Short Debate
3/15/2023	House	Second Reading - Short Debate
3/15/2023	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/22/2023	House	Third Reading - Short Debate - Passed 113-000-000
3/23/2023	Senate	Arrive in Senate
3/23/2023	Senate	Placed on Calendar Order of First Reading March 24, 2023
3/29/2023	Senate	Chief Senate Sponsor Sen. Michael E. Hastings
3/29/2023	Senate	First Reading
3/29/2023	Senate	Referred to Assignments

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