Illinois General Assembly - Full Text of SB3488
Illinois General Assembly

Previous General Assemblies

Full Text of SB3488  102nd General Assembly

SB3488 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB3488

 

Introduced 1/19/2022, by Sen. John Connor

 

SYNOPSIS AS INTRODUCED:
 
65 ILCS 115/10-5.3

    Amends the River Edge Redevelopment Zone Act. Provides that the Department of Commerce and Economic Opportunity may certify one additional pilot River Edge Redevelopment Zone in the City of Joliet. Effective immediately.


LRB102 25105 AWJ 34367 b

 

 

A BILL FOR

 

SB3488LRB102 25105 AWJ 34367 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The River Edge Redevelopment Zone Act is
5amended by changing Section 10-5.3 as follows:
 
6    (65 ILCS 115/10-5.3)
7    Sec. 10-5.3. Certification of River Edge Redevelopment
8Zones.
9    (a) Approval of designated River Edge Redevelopment Zones
10shall be made by the Department by certification of the
11designating ordinance. The Department shall promptly issue a
12certificate for each zone upon its approval. The certificate
13shall be signed by the Director of the Department, shall make
14specific reference to the designating ordinance, which shall
15be attached thereto, and shall be filed in the office of the
16Secretary of State. A certified copy of the River Edge
17Redevelopment Zone Certificate, or a duplicate original
18thereof, shall be recorded in the office of the recorder of
19deeds of the county in which the River Edge Redevelopment Zone
20lies.
21    (b) A River Edge Redevelopment Zone shall be effective
22upon its certification. The Department shall transmit a copy
23of the certification to the Department of Revenue, and to the

 

 

SB3488- 2 -LRB102 25105 AWJ 34367 b

1designating municipality. Upon certification of a River Edge
2Redevelopment Zone, the terms and provisions of the
3designating ordinance shall be in effect, and may not be
4amended or repealed except in accordance with Section 10-5.4.
5    (c) A River Edge Redevelopment Zone shall be in effect for
6the period stated in the certificate, which shall in no event
7exceed 30 calendar years. Zones shall terminate at midnight of
8December 31 of the final calendar year of the certified term,
9except as provided in Section 10-5.4.
10    (d) In calendar years 2006 and 2007, the Department may
11certify one pilot River Edge Redevelopment Zone in the City of
12East St. Louis, one pilot River Edge Redevelopment Zone in the
13City of Rockford, and one pilot River Edge Redevelopment Zone
14in the City of Aurora.
15    In calendar year 2009, the Department may certify one
16pilot River Edge Redevelopment Zone in the City of Elgin.
17    On or after the effective date of this amendatory Act of
18the 97th General Assembly, the Department may certify one
19additional pilot River Edge Redevelopment Zone in the City of
20Peoria.
21    On or after the effective date of this amendatory Act of
22the 102nd General Assembly, the Department may certify one
23additional pilot River Edge Redevelopment Zone in the City of
24Joliet.
25    Thereafter the Department may not certify any additional
26River Edge Redevelopment Zones, but may amend and rescind

 

 

SB3488- 3 -LRB102 25105 AWJ 34367 b

1certifications of existing River Edge Redevelopment Zones in
2accordance with Section 10-5.4, except that no River Edge
3Redevelopment Zone may be extended on or after the effective
4date of this amendatory Act of the 97th General Assembly. Each
5River Edge Redevelopment Zone in existence on the effective
6date of this amendatory Act of the 97th General Assembly shall
7continue until its scheduled termination under this Act,
8unless the Zone is decertified sooner. At the time of its term
9expiration each River Edge Redevelopment Zone will become an
10open enterprise zone, available for the previously designated
11area or a different area to compete for designation as an
12enterprise zone. No preference for designation as a Zone will
13be given to the previously designated area.
14    (e) A municipality in which a River Edge Redevelopment
15Zone has been certified must submit to the Department, within
1660 days after the certification, a plan for encouraging the
17participation by minority persons, women, persons with
18disabilities, and veterans in the zone. The Department may
19assist the municipality in developing and implementing the
20plan. The terms "minority person", "woman", and "person with a
21disability" have the meanings set forth under Section 2 of the
22Business Enterprise for Minorities, Women, and Persons with
23Disabilities Act. "Veteran" means an Illinois resident who is
24a veteran as defined in subsection (h) of Section 1491 of Title
2510 of the United States Code.
26(Source: P.A. 100-391, eff. 8-25-17.)
 

 

 

SB3488- 4 -LRB102 25105 AWJ 34367 b

1    Section 99. Effective date. This Act takes effect upon
2becoming law.