LEITCH-SCOTT-MOORE,EUGENE. (SYVERSON-RADOGNO-SHAW) 65 ILCS 5/11-74.4-1 from Ch. 24, par. 11-74.4-1 Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Makes a technical change in the short title Section. HOUSE AMENDMENT NO. 1. Deletes reference to: 65 ILCS 5/11-74.4-1 Adds reference to: 65 ILCS 5/8-4-1 from Ch. 24, par. 8-4-1 65 ILCS 5/11-74.5-2 from Ch. 24, par. 11-74.5-2 65 ILCS 5/11-74.5-3 from Ch. 24, par. 11-74.5-3 65 ILCS 5/11-74.5-5 from Ch. 24, par. 11-74.5-5 65 ILCS 5/11-74.5-4 rep. Deletes everything. Amends the Illinois Municipal Code. Provides that bonds issued under the Municipal Housing Finance Law shall not be subject to referendum requirements. In the Municipal Housing Finance Law Division, provides that "home mortgage loan" means an interest bearing loan to a mortgagor evidenced by a promissory note and secured by a mortgage on a home (now by a first mortgage on a home). Provides that a municipality may acquire and contract and enter into advance commitments to acquire directly or indirectly (now acquire) home mortgages. Provides that a municipality may issue bonds under the Municipal Housing Finance Law to defray, among other things, the costs of reasonable reserves. Provides that a municipality may authorize the sale or other disposition of any home mortgage loan after the bonds have been paid or deemed to be paid. Deletes provisions of the Municipal Housing Finance Law concerning the review of bonds and provisions concerning referendums. Makes other changes. Effective immediately. 98-02-09 H FILED WITH CLERK 98-02-10 H FIRST READING 98-02-10 H REFERRED TO HOUSE RULES COMMITTEE RULES 98-03-11 H ASSIGNED TO COMMITTEE REVENUE 98-03-20 H AMENDMENT NO. 01-REVENUE H 98-03-20 H ADOPTED 98-03-20 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV 98-03-20 H PLACED CALENDAR 2ND READING-SHORT DEBATE 98-03-23 H SECOND READING-SHORT DEBATE 98-03-23 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 98-03-24 H ADDED AS A JOINT SPONSOR MOORE,EUGENE 98-03-24 H THIRD READING/SHORT DEBATE/PASSED 082-032-001 98-03-24 H JOINT-SPONSOR CHANGED TO SCOTT 98-03-25 S ARRIVE IN SENATE 98-03-25 S PLACED CALENDAR ORDER OF FIRST READING 98-03-25 S CHIEF SPONSOR DUDYCZ 98-03-25 S ADDED AS A CHIEF CO-SPONSOR RADOGNO 98-03-25 S FIRST READING 98-03-25 S REFERRED TO SENATE RULES COMMITTEE RULES 98-04-01 S ASSIGNED TO COMMITTEE REVENUE 98-04-22 S SPONSOR REMOVED DUDYCZ 98-04-22 S ALTERNATE CHIEF SPONSOR CHANGED TO SYVERSON 98-04-23 S POSTPONED 98-04-23 S ADDED AS A CHIEF CO-SPONSOR SHAW 98-05-06 S DO PASS 008-000-000 SREV 98-05-06 S PLACED ON CALENDAR ORDER OF 2ND READING 98-05-07 98-05-07 S SECOND READING 98-05-07 S PLACED ON CALENDAR ORDER OF 3RD READING 98-05-12 98-05-13 S THIRD READING - PASSED 042-011-003 98-05-13 H PASSED BOTH HOUSES 98-06-11 H SENT TO THE GOVERNOR 98-08-07 H GOVERNOR APPROVED 98-08-07 H EFFECTIVE DATE 98-08-07 98-08-07 H PUBLIC ACT.............................. 90-0706 END OF INQUIRY Full Text Bill Summary