Illinois General Assembly - Bill Status for HB3697
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 Bill Status of HB3697  94th General Assembly


House Sponsors
Rep. Angelo Saviano - Michael P. McAuliffe

Last Action
DateChamber Action
  3/15/2005HouseTabled By Sponsor Rep. Angelo Saviano

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the County Tax Increment Allocation Redevelopment Act. Authorizes a county with a population of 3,000,000 or more to designate certain areas as blighted areas or conservation areas and to propose and approve a redevelopment plan and project for those areas. Authorizes the county to use tax increment financing for the payment of qualifying redevelopment project costs, to enter into a redevelopment agreement, and to provide for public funding of appropriate redevelopment project costs. Provides that the county may issue tax increment financing bonds or other obligations. Provides that property taxes assessed against real property in the redevelopment area and attributable to any increase in the value of the area as a result of tax increment financing are payable into a special tax allocation fund of the county for the purpose of paying redevelopment project costs and obligations.

DateChamber Action
  2/24/2005HouseFiled with the Clerk by Rep. Angelo Saviano
  2/25/2005HouseFirst Reading
  2/25/2005HouseReferred to Rules Committee
  3/1/2005HouseAssigned to Local Government Committee
  3/3/2005HouseMotion Filed Rep. Angelo Saviano; Table House Bill 3697 Pursuant to Rule 60(b)
  3/9/2005HouseAdded Chief Co-Sponsor Rep. Michael P. McAuliffe
  3/10/2005HouseRule 19(a) / Re-referred to Rules Committee
  3/15/2005HouseTabled By Sponsor Rep. Angelo Saviano

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