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92nd General Assembly

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Public Act 92-0406

SB1117 Enrolled                          SDS/92Abill0010/ARhs

    AN ACT concerning taxation.

    Be it  enacted  by  the  People  of  the  State  of  Illinois,
represented in the General Assembly:

    Section 5.  The Illinois Municipal  Code  is  amended  by
changing Sections 11-74.4-3 and 11-74.4-7 as follows:


    (65 ILCS 5/11-74.4-3) (from Ch. 24, par. 11-74.4-3)
    Sec.   11-74.4-3.   Definitions.   The  following  terms,
wherever used or referred to in this Division 74.4 shall have
the following respective  meanings,  unless  in  any  case  a
different meaning clearly appears from the context.
    (a)  For  any  redevelopment  project  area that has been
designated pursuant to this Section by an  ordinance  adopted
prior  to  November 1, 1999 (the effective date of Public Act
91-478), "blighted area" shall have the meaning set forth  in
this Section prior to that date.
    On  and after November 1, 1999, "blighted area" means any
improved  or  vacant  area  within  the   boundaries   of   a
redevelopment  project  area  located  within the territorial
limits of the municipality where:
         (1)  If  improved,   industrial,   commercial,   and
    residential  buildings or improvements are detrimental to
    the public  safety,  health,  or  welfare  because  of  a
    combination  of  5 or more of the following factors, each
    of which is (i) present, with that  presence  documented,
    to  a  meaningful  extent  so  that  a  municipality  may
    reasonably find that the factor is clearly present within
    the  intent  of  the  Act and (ii) reasonably distributed
    throughout the improved part of the redevelopment project
    area:
              (A)  Dilapidation.   An   advanced   state   of
         disrepair  or  neglect  of  necessary repairs to the
         primary  structural  components  of   buildings   or
         improvements in such a combination that a documented
         building  condition  analysis  determines that major
         repair is required or the defects are so serious and
         so extensive that the buildings must be removed.
              (B)  Obsolescence.  The condition or process of
         falling  into   disuse.   Structures   have   become
         ill-suited for the original use.
              (C)  Deterioration.  With respect to buildings,
         defects including, but not limited to, major defects
         in  the secondary building components such as doors,
         windows,  porches,  gutters  and   downspouts,   and
         fascia.   With respect to surface improvements, that
         the condition of roadways, alleys,  curbs,  gutters,
         sidewalks,  off-street  parking, and surface storage
         areas evidence  deterioration,  including,  but  not
         limited  to,  surface cracking, crumbling, potholes,
         depressions,  loose  paving  material,   and   weeds
         protruding through paved surfaces.
              (D)  Presence  of structures below minimum code
         standards.  All structures  that  do  not  meet  the
         standards  of  zoning,  subdivision, building, fire,
         and other governmental codes applicable to property,
         but not including housing and  property  maintenance
         codes.
              (E)  Illegal use of individual structures.  The
         use   of   structures  in  violation  of  applicable
         federal, State, or local laws,  exclusive  of  those
         applicable  to  the  presence  of  structures  below
         minimum code standards.
              (F)  Excessive   vacancies.   The  presence  of
         buildings that are unoccupied or under-utilized  and
         that  represent  an  adverse  influence  on the area
         because of the frequency, extent, or duration of the
         vacancies.
              (G)  Lack of ventilation,  light,  or  sanitary
         facilities.  The absence of adequate ventilation for
         light  or air circulation in spaces or rooms without
         windows, or that require the removal of dust,  odor,
         gas,  smoke,  or  other  noxious airborne materials.
         Inadequate natural light and ventilation  means  the
         absence  of skylights or windows for interior spaces
         or rooms and improper window sizes  and  amounts  by
         room   area   to  window  area  ratios.   Inadequate
         sanitary  facilities  refers  to  the   absence   or
         inadequacy   of   garbage   storage  and  enclosure,
         bathroom facilities, hot  water  and  kitchens,  and
         structural   inadequacies   preventing  ingress  and
         egress to and from all  rooms  and  units  within  a
         building.
              (H)  Inadequate   utilities.   Underground  and
         overhead utilities such as storm  sewers  and  storm
         drainage,  sanitary  sewers,  water  lines, and gas,
         telephone, and electrical services that are shown to
         be inadequate.  Inadequate utilities are those  that
         are:  (i) of insufficient capacity to serve the uses
         in   the   redevelopment    project    area,    (ii)
         deteriorated, antiquated, obsolete, or in disrepair,
         or  (iii)  lacking  within the redevelopment project
         area.
              (I)  Excessive land coverage  and  overcrowding
         of   structures   and   community  facilities.   The
         over-intensive use of property and the  crowding  of
         buildings  and  accessory  facilities  onto  a site.
         Examples  of  problem  conditions   warranting   the
         designation  of  an area as one exhibiting excessive
         land coverage are: (i)  the  presence  of  buildings
         either  improperly situated on parcels or located on
         parcels of inadequate size and shape in relation  to
         present-day  standards of development for health and
         safety and (ii) the presence of  multiple  buildings
         on  a  single  parcel.  For there to be a finding of
         excessive land coverage, these parcels must  exhibit
         one   or   more   of   the   following   conditions:
         insufficient  provision  for light and air within or
         around buildings, increased threat of spread of fire
         due to the close proximity  of  buildings,  lack  of
         adequate  or proper access to a public right-of-way,
         lack of reasonably required off-street  parking,  or
         inadequate provision for loading and service.
              (J)  Deleterious   land  use  or  layout.   The
         existence of  incompatible  land-use  relationships,
         buildings  occupied  by inappropriate mixed-uses, or
         uses  considered  to  be  noxious,   offensive,   or
         unsuitable for the surrounding area.
              (K)  Environmental   clean-up.    The  proposed
         redevelopment project  area  has  incurred  Illinois
         Environmental  Protection  Agency  or  United States
         Environmental Protection  Agency  remediation  costs
         for,   or   a  study  conducted  by  an  independent
         consultant  recognized  as   having   expertise   in
         environmental remediation has determined a need for,
         the   clean-up   of   hazardous   waste,   hazardous
         substances, or underground storage tanks required by
         State  or federal law, provided that the remediation
         costs  constitute  a  material  impediment  to   the
         development  or  redevelopment  of the redevelopment
         project area.
              (L)  Lack of community planning.  The  proposed
         redevelopment project area was developed prior to or
         without the benefit or guidance of a community plan.
         This  means  that  the development occurred prior to
         the adoption by the municipality of a  comprehensive
         or  other  community  plan  or that the plan was not
         followed at the  time  of  the  area's  development.
         This  factor  must  be  documented  by  evidence  of
         adverse   or  incompatible  land-use  relationships,
         inadequate  street  layout,  improper   subdivision,
         parcels   of  inadequate  shape  and  size  to  meet
         contemporary   development   standards,   or   other
         evidence  demonstrating  an  absence  of   effective
         community planning.
              (M)  The  total equalized assessed value of the
         proposed redevelopment project area has declined for
         3 of the last 5 calendar years prior to the year  in
         which  the  redevelopment project area is designated
         or is increasing at an annual rate that is less than
         the balance of the municipality for 3 of the last  5
         calendar years for which information is available or
         is  increasing  at  an annual rate that is less than
         the Consumer Price Index  for  All  Urban  Consumers
         published  by  the United States Department of Labor
         or successor agency for 3 of  the  last  5  calendar
         years  prior  to the year in which the redevelopment
         project area is designated.
         (2)  If   vacant,   the   sound   growth   of    the
    redevelopment  project  area is impaired by a combination
    of 2 or more of the following factors, each of  which  is
    (i)   present,   with  that  presence  documented,  to  a
    meaningful extent so that a municipality  may  reasonably
    find that the factor is clearly present within the intent
    of the Act and (ii) reasonably distributed throughout the
    vacant part of the redevelopment project area to which it
    pertains:
              (A)  Obsolete  platting  of  vacant  land  that
         results  in  parcels  of  limited  or narrow size or
         configurations of parcels of irregular size or shape
         that would be difficult  to  develop  on  a  planned
         basis  and  in a manner compatible with contemporary
         standards and requirements, or platting that  failed
         to  create  rights-of-ways  for streets or alleys or
         that  created  inadequate  right-of-way  widths  for
         streets, alleys, or other  public  rights-of-way  or
         that omitted easements for public utilities.
              (B)  Diversity   of  ownership  of  parcels  of
         vacant land sufficient in number to retard or impede
         the ability to assemble the land for development.
              (C)  Tax and special  assessment  delinquencies
         exist  or  the  property has been the subject of tax
         sales under the Property Tax Code within the last 5
         years.
              (D)  Deterioration  of   structures   or   site
         improvements  in  neighboring  areas adjacent to the
         vacant land.
              (E)  The    area    has    incurred    Illinois
         Environmental Protection  Agency  or  United  States
         Environmental  Protection  Agency  remediation costs
         for,  or  a  study  conducted  by   an   independent
         consultant   recognized   as   having  expertise  in
         environmental remediation has determined a need for,
         the   clean-up   of   hazardous   waste,   hazardous
         substances, or underground storage tanks required by
         State or federal law, provided that the  remediation
         costs   constitute  a  material  impediment  to  the
         development or redevelopment  of  the  redevelopment
         project area.
              (F)  The  total equalized assessed value of the
         proposed redevelopment project area has declined for
         3 of the last 5 calendar years prior to the year  in
         which  the  redevelopment project area is designated
         or is increasing at an annual rate that is less than
         the balance of the municipality for 3 of the last  5
         calendar years for which information is available or
         is  increasing  at  an annual rate that is less than
         the Consumer Price Index  for  All  Urban  Consumers
         published  by  the United States Department of Labor
         or successor agency for 3 of  the  last  5  calendar
         years  prior  to the year in which the redevelopment
         project area is designated.
         (3)  If   vacant,   the   sound   growth   of    the
    redevelopment  project  area  is  impaired  by one of the
    following factors that (i) is present, with that presence
    documented, to a meaningful extent so that a municipality
    may reasonably find that the factor  is  clearly  present
    within  the  intent  of  the  Act  and (ii) is reasonably
    distributed   throughout   the   vacant   part   of   the
    redevelopment project area to which it pertains:
              (A)  The area consists of one  or  more  unused
         quarries, mines, or strip mine ponds.
              (B)  The  area  consists  of  unused railyards,
         rail tracks, or railroad rights-of-way.
              (C)  The area, prior  to  its  designation,  is
         subject  to  chronic flooding that adversely impacts
         on real property in  the  area  as  certified  by  a
         registered   professional  engineer  or  appropriate
         regulatory agency.
              (D)  The area consists of an unused or  illegal
         disposal  site  containing  earth,  stone,  building
         debris,  or similar materials that were removed from
         construction,  demolition,  excavation,  or   dredge
         sites.
              (E)  Prior to November 1, 1999, the area is not
         less  than  50  nor  more  than 100 acres and 75% of
         which is vacant (notwithstanding that the  area  has
         been   used  for  commercial  agricultural  purposes
         within 5 years  prior  to  the  designation  of  the
         redevelopment  project  area), and the area meets at
         least one of the factors itemized in  paragraph  (1)
         of  this subsection, the area has been designated as
         a  town  or   village   center   by   ordinance   or
         comprehensive plan adopted prior to January 1, 1982,
         and  the  area  has  not  been  developed  for  that
         designated purpose.
              (F)  The  area qualified as a blighted improved
         area immediately prior to  becoming  vacant,  unless
         there has been substantial private investment in the
         immediately surrounding area.
    (b)  For  any  redevelopment  project  area that has been
designated pursuant to this Section by an  ordinance  adopted
prior  to  November 1, 1999 (the effective date of Public Act
91-478), "conservation area" shall have the meaning set forth
in this Section prior to that date.
    On and after November 1, 1999, "conservation area"  means
any  improved  area  within the boundaries of a redevelopment
project area located within the  territorial  limits  of  the
municipality  in  which  50% or more of the structures in the
area have an age of 35 years or more.  Such an  area  is  not
yet a blighted area but because of a combination of 3 or more
of the following factors is detrimental to the public safety,
health,  morals  or  welfare  and  such  an area may become a
blighted area:
         (1)  Dilapidation.  An advanced state  of  disrepair
    or neglect of necessary repairs to the primary structural
    components   of  buildings  or  improvements  in  such  a
    combination that a documented building condition analysis
    determines that major repair is required or  the  defects
    are  so  serious and so extensive that the buildings must
    be removed.
         (2)  Obsolescence.   The  condition  or  process  of
    falling into disuse. Structures  have  become  ill-suited
    for the original use.
         (3)  Deterioration.    With  respect  to  buildings,
    defects including, but not limited to, major  defects  in
    the secondary building components such as doors, windows,
    porches,   gutters  and  downspouts,  and  fascia.   With
    respect to surface improvements, that  the  condition  of
    roadways,  alleys,  curbs, gutters, sidewalks, off-street
    parking,   and    surface    storage    areas    evidence
    deterioration,  including,  but  not  limited to, surface
    cracking, crumbling, potholes, depressions, loose  paving
    material, and weeds protruding through paved surfaces.
         (4)  Presence   of  structures  below  minimum  code
    standards.  All structures that do not meet the standards
    of  zoning,  subdivision,  building,  fire,   and   other
    governmental   codes  applicable  to  property,  but  not
    including housing and property maintenance codes.
         (5)  Illegal use of individual structures.  The  use
    of  structures in violation of applicable federal, State,
    or local laws,  exclusive  of  those  applicable  to  the
    presence of structures below minimum code standards.
         (6)  Excessive vacancies.  The presence of buildings
    that  are unoccupied or under-utilized and that represent
    an  adverse  influence  on  the  area  because   of   the
    frequency, extent, or duration of the vacancies.
         (7)  Lack   of   ventilation,   light,  or  sanitary
    facilities.  The  absence  of  adequate  ventilation  for
    light  or  air  circulation  in  spaces  or rooms without
    windows, or that require the removal of dust, odor,  gas,
    smoke,  or  other noxious airborne materials.  Inadequate
    natural  light  and  ventilation  means  the  absence  or
    inadequacy of skylights or windows for interior spaces or
    rooms and improper window sizes and amounts by room  area
    to  window  area  ratios.  Inadequate sanitary facilities
    refers to the absence or inadequacy  of  garbage  storage
    and   enclosure,   bathroom  facilities,  hot  water  and
    kitchens, and structural inadequacies preventing  ingress
    and  egress  to  and  from  all  rooms and units within a
    building.
         (8)  Inadequate utilities.  Underground and overhead
    utilities  such  as  storm  sewers  and  storm  drainage,
    sanitary sewers, water lines,  and  gas,  telephone,  and
    electrical  services  that  are  shown  to be inadequate.
    Inadequate  utilities  are  those  that   are:   (i)   of
    insufficient   capacity   to   serve   the  uses  in  the
    redevelopment   project    area,    (ii)    deteriorated,
    antiquated,  obsolete,  or in disrepair, or (iii) lacking
    within the redevelopment project area.
         (9)  Excessive land  coverage  and  overcrowding  of
    structures  and community facilities.  The over-intensive
    use  of  property  and  the  crowding  of  buildings  and
    accessory facilities onto a site.   Examples  of  problem
    conditions  warranting  the designation of an area as one
    exhibiting excessive land coverage are: the  presence  of
    buildings   either  improperly  situated  on  parcels  or
    located on  parcels  of  inadequate  size  and  shape  in
    relation  to  present-day  standards  of  development for
    health and safety and the presence of multiple  buildings
    on  a  single  parcel.   For  there  to  be  a finding of
    excessive land coverage, these parcels must  exhibit  one
    or   more   of  the  following  conditions:  insufficient
    provision for light and air within or  around  buildings,
    increased  threat  of  spread  of  fire  due to the close
    proximity of buildings, lack of adequate or proper access
    to a public right-of-way,  lack  of  reasonably  required
    off-street  parking,  or inadequate provision for loading
    and service.
         (10)  Deleterious land use or layout.  The existence
    of   incompatible   land-use   relationships,   buildings
    occupied by inappropriate mixed-uses, or uses  considered
    to   be   noxious,   offensive,  or  unsuitable  for  the
    surrounding area.
         (11)  Lack  of  community  planning.   The  proposed
    redevelopment project area  was  developed  prior  to  or
    without the benefit or guidance of a community plan. This
    means that the development occurred prior to the adoption
    by the municipality of a comprehensive or other community
    plan or that the plan was not followed at the time of the
    area's  development.   This  factor must be documented by
    evidence   of   adverse    or    incompatible    land-use
    relationships,   inadequate   street   layout,   improper
    subdivision, parcels of inadequate shape and size to meet
    contemporary  development  standards,  or  other evidence
    demonstrating an absence of effective community planning.
         (12)  The area has incurred  Illinois  Environmental
    Protection   Agency   or   United   States  Environmental
    Protection Agency  remediation  costs  for,  or  a  study
    conducted  by  an  independent  consultant  recognized as
    having  expertise  in   environmental   remediation   has
    determined  a  need for, the clean-up of hazardous waste,
    hazardous  substances,  or  underground   storage   tanks
    required  by  State  or  federal  law,  provided that the
    remediation costs constitute a material impediment to the
    development or redevelopment of the redevelopment project
    area.
         (13)  The total  equalized  assessed  value  of  the
    proposed redevelopment project area has declined for 3 of
    the  last  5  calendar  years  for  which  information is
    available or is increasing at an annual rate that is less
    than the balance of the municipality for 3 of the last  5
    calendar  years  for which information is available or is
    increasing at an  annual  rate  that  is  less  than  the
    Consumer Price Index for All Urban Consumers published by
    the United States Department of Labor or successor agency
    for  3 of the last 5 calendar years for which information
    is available.
    (c)  "Industrial park" means an area  in  a  blighted  or
conservation  area  suitable  for  use  by any manufacturing,
industrial,  research  or   transportation   enterprise,   of
facilities to include but not be limited to factories, mills,
processing   plants,   assembly   plants,   packing   plants,
fabricating    plants,   industrial   distribution   centers,
warehouses, repair overhaul or  service  facilities,  freight
terminals,  research  facilities, test facilities or railroad
facilities.
    (d)  "Industrial park conservation area"  means  an  area
within the boundaries of a redevelopment project area located
within  the  territorial  limits  of a municipality that is a
labor surplus municipality or  within  1  1/2  miles  of  the
territorial  limits of a municipality that is a labor surplus
municipality if the area  is  annexed  to  the  municipality;
which  area  is zoned as industrial no later than at the time
the municipality by ordinance  designates  the  redevelopment
project  area,  and  which  area  includes  both  vacant land
suitable for use as an industrial park and a blighted area or
conservation area contiguous to such vacant land.
    (e)  "Labor surplus municipality" means a municipality in
which,  at  any  time  during  the  6   months   before   the
municipality  by  ordinance  designates  an  industrial  park
conservation  area, the unemployment rate was over 6% and was
also 100% or more of the national average  unemployment  rate
for  that  same  time  as  published  in  the  United  States
Department  of  Labor  Bureau of Labor Statistics publication
entitled  "The  Employment  Situation"   or   its   successor
publication.   For   the   purpose  of  this  subsection,  if
unemployment rate statistics for  the  municipality  are  not
available, the unemployment rate in the municipality shall be
deemed  to  be  the  same  as  the  unemployment  rate in the
principal county in which the municipality is located.
    (f)  "Municipality"  shall  mean  a  city,   village   or
incorporated town.
    (g)  "Initial  Sales  Tax  Amounts"  means  the amount of
taxes paid under the Retailers' Occupation Tax Act,  Use  Tax
Act, Service Use Tax Act, the Service Occupation Tax Act, the
Municipal  Retailers'  Occupation  Tax Act, and the Municipal
Service Occupation Tax Act by  retailers  and  servicemen  on
transactions  at places located in a State Sales Tax Boundary
during the calendar year 1985.
    (g-1)  "Revised Initial  Sales  Tax  Amounts"  means  the
amount of taxes paid under the Retailers' Occupation Tax Act,
Use  Tax Act, Service Use Tax Act, the Service Occupation Tax
Act, the Municipal Retailers' Occupation  Tax  Act,  and  the
Municipal   Service  Occupation  Tax  Act  by  retailers  and
servicemen on transactions at places located within the State
Sales Tax Boundary revised pursuant to Section  11-74.4-8a(9)
of this Act.
    (h)  "Municipal  Sales  Tax  Increment"  means  an amount
equal to the increase in the aggregate amount of  taxes  paid
to  a municipality from the Local Government Tax Fund arising
from  sales  by   retailers   and   servicemen   within   the
redevelopment  project  area  or State Sales Tax Boundary, as
the case may be, for as long  as  the  redevelopment  project
area  or  State Sales Tax Boundary, as the case may be, exist
over and above the aggregate amount of taxes as certified  by
the  Illinois  Department  of  Revenue  and  paid  under  the
Municipal  Retailers'  Occupation  Tax  Act and the Municipal
Service Occupation Tax Act by retailers  and  servicemen,  on
transactions   at   places   of   business   located  in  the
redevelopment project area or State Sales  Tax  Boundary,  as
the  case  may  be,  during  the base year which shall be the
calendar year immediately prior to  the  year  in  which  the
municipality adopted tax increment allocation financing.  For
purposes  of computing the aggregate amount of such taxes for
base years occurring prior to 1985, the Department of Revenue
shall determine the Initial Sales Tax Amounts for such  taxes
and  deduct  therefrom an amount equal to 4% of the aggregate
amount of taxes per year for each year the base year is prior
to 1985, but not to exceed a total deduction  of  12%.    The
amount  so determined shall be known as the "Adjusted Initial
Sales  Tax  Amounts".   For  purposes  of   determining   the
Municipal  Sales  Tax  Increment,  the  Department of Revenue
shall for each period subtract from the amount  paid  to  the
municipality  from the Local Government Tax Fund arising from
sales by retailers and servicemen on transactions located  in
the  redevelopment  project  area  or  the  State  Sales  Tax
Boundary, as the case may be, the certified Initial Sales Tax
Amounts,  the  Adjusted  Initial  Sales  Tax  Amounts  or the
Revised  Initial  Sales  Tax  Amounts   for   the   Municipal
Retailers'  Occupation  Tax  Act  and  the  Municipal Service
Occupation Tax Act.  For the State  Fiscal  Year  1989,  this
calculation shall be made by utilizing the calendar year 1987
to  determine the tax amounts received.  For the State Fiscal
Year 1990, this calculation shall be made  by  utilizing  the
period  from  January  1,  1988, until September 30, 1988, to
determine  the  tax  amounts  received  from  retailers   and
servicemen  pursuant  to  the Municipal Retailers' Occupation
Tax and the Municipal Service Occupation Tax Act, which shall
have  deducted  therefrom  nine-twelfths  of  the   certified
Initial  Sales  Tax  Amounts,  the Adjusted Initial Sales Tax
Amounts  or  the  Revised  Initial  Sales  Tax   Amounts   as
appropriate. For the State Fiscal Year 1991, this calculation
shall  be  made by utilizing the period from October 1, 1988,
to June 30, 1989, to determine the tax amounts received  from
retailers and servicemen pursuant to the Municipal Retailers'
Occupation  Tax  and the Municipal Service Occupation Tax Act
which shall have  deducted  therefrom  nine-twelfths  of  the
certified  Initial  Sales Tax Amounts, Adjusted Initial Sales
Tax Amounts or the  Revised  Initial  Sales  Tax  Amounts  as
appropriate.  For  every  State  Fiscal  Year thereafter, the
applicable period shall be the 12 months beginning July 1 and
ending June 30 to determine the tax  amounts  received  which
shall have deducted therefrom the certified Initial Sales Tax
Amounts,  the  Adjusted  Initial  Sales  Tax  Amounts  or the
Revised Initial Sales Tax Amounts, as the case may be.
    (i)  "Net State Sales Tax Increment" means the sum of the
following: (a) 80% of the first $100,000 of State  Sales  Tax
Increment   annually  generated  within  a  State  Sales  Tax
Boundary; (b) 60% of the amount in excess of $100,000 but not
exceeding $500,000 of  State  Sales  Tax  Increment  annually
generated  within  a State Sales Tax Boundary; and (c) 40% of
all  amounts  in  excess  of  $500,000  of  State  Sales  Tax
Increment  annually  generated  within  a  State  Sales   Tax
Boundary.   If,  however,  a  municipality  established a tax
increment financing district in a county with a population in
excess  of  3,000,000  before  January  1,  1986,   and   the
municipality  entered  into  a contract or issued bonds after
January 1, 1986, but before December  31,  1986,  to  finance
redevelopment   project   costs  within  a  State  Sales  Tax
Boundary, then the Net State Sales Tax Increment  means,  for
the  fiscal  years  beginning July 1, 1990, and July 1, 1991,
100% of the State  Sales  Tax  Increment  annually  generated
within  a  State  Sales Tax Boundary; and notwithstanding any
other provision of this  Act,  for  those  fiscal  years  the
Department    of    Revenue   shall   distribute   to   those
municipalities 100% of their Net State  Sales  Tax  Increment
before   any  distribution  to  any  other  municipality  and
regardless of whether or not those other municipalities  will
receive  100%  of  their  Net State Sales Tax Increment.  For
Fiscal Year 1999, and every year thereafter  until  the  year
2007,  for  any  municipality  that  has  not  entered into a
contract or has not issued bonds prior to  June  1,  1988  to
finance  redevelopment project costs within a State Sales Tax
Boundary,  the  Net  State  Sales  Tax  Increment  shall   be
calculated as follows: By multiplying the Net State Sales Tax
Increment  by  90%  in the State Fiscal Year 1999; 80% in the
State Fiscal Year 2000; 70% in the State  Fiscal  Year  2001;
60%  in  the  State Fiscal Year 2002; 50% in the State Fiscal
Year 2003; 40% in the State Fiscal  Year  2004;  30%  in  the
State  Fiscal  Year  2005; 20% in the State Fiscal Year 2006;
and 10% in the State Fiscal Year 2007. No  payment  shall  be
made for State Fiscal Year 2008 and thereafter.
    Municipalities  that  issued  bonds  in connection with a
redevelopment project in a redevelopment project area  within
the  State Sales Tax Boundary prior to July 29, 1991, or that
entered into contracts in  connection  with  a  redevelopment
project  in a redevelopment project area before June 1, 1988,
shall continue to receive their  proportional  share  of  the
Illinois  Tax  Increment  Fund distribution until the date on
which the redevelopment project is completed  or  terminated,
or  the  date on which the bonds are retired or the contracts
are completed, whichever date occurs first. Refunding of  any
bonds  issued prior to July 29, 1991, shall not alter the Net
State Sales Tax Increment.
    (j)  "State Utility Tax Increment Amount" means an amount
equal to the aggregate increase in State electric and gas tax
charges imposed on owners and tenants, other than residential
customers, of properties  located  within  the  redevelopment
project area under Section 9-222 of the Public Utilities Act,
over  and above the aggregate of such charges as certified by
the Department of Revenue and paid  by  owners  and  tenants,
other  than  residential  customers, of properties within the
redevelopment project area during the base year, which  shall
be  the  calendar  year  immediately prior to the year of the
adoption  of  the   ordinance   authorizing   tax   increment
allocation financing.
    (k)  "Net  State  Utility Tax Increment" means the sum of
the following: (a) 80% of the first $100,000 of State Utility
Tax Increment annually generated by a  redevelopment  project
area;  (b)  60%  of  the amount in excess of $100,000 but not
exceeding  $500,000  of  the  State  Utility  Tax   Increment
annually  generated  by a redevelopment project area; and (c)
40% of all amounts in excess of $500,000 of State Utility Tax
Increment annually generated by a redevelopment project area.
For the State Fiscal Year 1999,  and  every  year  thereafter
until  the  year  2007,  for  any  municipality  that has not
entered into a contract or has not issued bonds prior to June
1, 1988 to  finance  redevelopment  project  costs  within  a
redevelopment   project  area,  the  Net  State  Utility  Tax
Increment shall be calculated as follows: By multiplying  the
Net  State  Utility  Tax Increment by 90% in the State Fiscal
Year 1999; 80% in the State Fiscal  Year  2000;  70%  in  the
State  Fiscal  Year  2001; 60% in the State Fiscal Year 2002;
50% in the State Fiscal Year 2003; 40% in  the  State  Fiscal
Year  2004;  30%  in  the  State Fiscal Year 2005; 20% in the
State Fiscal Year 2006; and 10%  in  the  State  Fiscal  Year
2007. No payment shall be made for the State Fiscal Year 2008
and thereafter.
    Municipalities  that  issue  bonds in connection with the
redevelopment project during the period  from  June  1,  1988
until 3 years after the effective date of this Amendatory Act
of  1988  shall  receive the Net State Utility Tax Increment,
subject to appropriation, for 15 State Fiscal Years after the
issuance of such bonds.  For the 16th through the 20th  State
Fiscal  Years  after  issuance  of  the  bonds, the Net State
Utility Tax Increment shall  be  calculated  as  follows:  By
multiplying  the  Net  State  Utility Tax Increment by 90% in
year 16; 80% in year 17; 70% in year 18; 60% in year 19;  and
50%  in  year 20. Refunding of any bonds issued prior to June
1, 1988, shall not alter the revised Net  State  Utility  Tax
Increment payments set forth above.
    (l)  "Obligations"  mean bonds, loans, debentures, notes,
special certificates or other evidence of indebtedness issued
by the municipality to carry out a redevelopment  project  or
to refund outstanding obligations.
    (m)  "Payment in lieu of taxes" means those estimated tax
revenues  from  real property in a redevelopment project area
derived from real  property  that  has  been  acquired  by  a
municipality  which according to the redevelopment project or
plan is to be used for a private use which  taxing  districts
would  have received had a municipality not acquired the real
property and adopted tax increment allocation  financing  and
which  would  result  from  levies made after the time of the
adoption of tax increment allocation financing  to  the  time
the   current   equalized  value  of  real  property  in  the
redevelopment  project  area  exceeds   the   total   initial
equalized value of real property in said area.
    (n)  "Redevelopment plan" means the comprehensive program
of the municipality for development or redevelopment intended
by  the  payment  of redevelopment project costs to reduce or
eliminate those conditions the existence of  which  qualified
the  redevelopment  project  area  as  a  "blighted  area" or
"conservation area" or  combination  thereof  or  "industrial
park conservation area," and thereby to enhance the tax bases
of  the  taxing districts which extend into the redevelopment
project area.  On and after November 1, 1999  (the  effective
date  of  Public  Act  91-478),  no redevelopment plan may be
approved or amended that includes the development  of  vacant
land  (i)  with a golf course and related clubhouse and other
facilities or (ii) designated by federal, State,  county,  or
municipal  government as public land for outdoor recreational
activities or for nature preserves and used for that  purpose
within  5  years  prior  to the adoption of the redevelopment
plan.  For the  purpose  of  this  subsection,  "recreational
activities"  is  limited  to  mean camping and hunting.  Each
redevelopment plan shall set forth in writing the program  to
be undertaken to accomplish the objectives  and shall include
but not be limited to:
         (A)  an  itemized  list  of  estimated redevelopment
    project costs;
         (B)  evidence  indicating  that  the   redevelopment
    project  area on the whole has not been subject to growth
    and development through investment by private enterprise;
         (C)  an assessment of any financial  impact  of  the
    redevelopment project area on or any increased demand for
    services  from  any  taxing district affected by the plan
    and any program  to  address  such  financial  impact  or
    increased demand;
         (D)  the sources of funds to pay costs;
         (E)  the  nature  and  term of the obligations to be
    issued;
         (F)  the most recent equalized assessed valuation of
    the redevelopment project area;
         (G)  an  estimate  as  to  the  equalized   assessed
    valuation  after  redevelopment and the general land uses
    to apply in the redevelopment project area;
         (H)  a commitment to fair employment  practices  and
    an affirmative action plan;
         (I)  if  it concerns an industrial park conservation
    area, the plan shall also include a  general  description
    of  any  proposed  developer,  user  and  tenant  of  any
    property,  a  description  of  the  type,  structure  and
    general  character  of  the facilities to be developed, a
    description  of  the  type,  class  and  number  of   new
    employees   to  be  employed  in  the  operation  of  the
    facilities to be developed; and
         (J)  if  property  is   to   be   annexed   to   the
    municipality,  the  plan  shall  include the terms of the
    annexation agreement.
    The provisions of items (B) and (C)  of  this  subsection
(n)  shall  not apply to a municipality that before March 14,
1994 (the effective date of Public  Act  88-537)  had  fixed,
either  by  its  corporate  authorities  or  by  a commission
designated under subsection (k) of Section 11-74.4-4, a  time
and  place for a public hearing as required by subsection (a)
of Section 11-74.4-5. No redevelopment plan shall be  adopted
unless  a  municipality  complies  with  all of the following
requirements:
         (1)  The municipality finds that  the  redevelopment
    project  area on the whole has not been subject to growth
    and development through investment by private  enterprise
    and  would  not reasonably be anticipated to be developed
    without the adoption of the redevelopment plan.
         (2)  The municipality finds that  the  redevelopment
    plan  and  project  conform to the comprehensive plan for
    the development of the municipality as a whole,  or,  for
    municipalities  with  a  population  of  100,000 or more,
    regardless of when the redevelopment plan and project was
    adopted, the redevelopment plan and project  either:  (i)
    conforms   to   the  strategic  economic  development  or
    redevelopment plan  issued  by  the  designated  planning
    authority of the municipality, or (ii) includes land uses
    that have been approved by the planning commission of the
    municipality.
         (3)  The    redevelopment   plan   establishes   the
    estimated  dates  of  completion  of  the   redevelopment
    project  and  retirement of obligations issued to finance
    redevelopment project costs.  Those dates  shall  not  be
    later  than  December 31 of the year in which the payment
    to the municipal treasurer as provided in subsection  (b)
    of  Section  11-74.4-8  of  this  Act  is to be made with
    respect to ad valorem taxes levied  in  the  twenty-third
    calendar  year  after  the  year  in  which the ordinance
    approving the redevelopment project area  is  adopted  if
    the  ordinance  was adopted on or after January 15, 1981,
    and not later than December 31 of the year in  which  the
    payment   to  the  municipal  treasurer  as  provided  in
    subsection (b) of Section 11-74.4-8 of this Act is to  be
    made  with  respect  to  ad  valorem  taxes levied in the
    thirty-fifth calendar year after the year  in  which  the
    ordinance  approving  the  redevelopment  project area is
    adopted:
              (A)  if  the  ordinance  was   adopted   before
         January 15, 1981, or
              (B)  if  the  ordinance was adopted in December
         1983, April 1984, July 1985, or December 1989, or
              (C)  if the ordinance was adopted  in  December
         1987 and the redevelopment project is located within
         one mile of Midway Airport, or
              (D)  if   the   ordinance  was  adopted  before
         January 1, 1987 by a municipality in  Mason  County,
         or
              (E)  if  the  municipality  is  subject  to the
         Local Government Financial Planning and  Supervision
         Act or the Financially Distressed City Law, or
              (F)  if  the  ordinance was adopted in December
         1984 by the Village of Rosemont, or
              (G)  if the ordinance was adopted  on  December
         31, 1986 by a municipality located in Clinton County
         for  which  at least $250,000 of tax increment bonds
         were  authorized  on  June  17,  1997,  or  if   the
         ordinance  was  adopted  on  December  31, 1986 by a
         municipality with a population in 1990 of less  than
         3,600  that is located in a county with a population
         in 1990 of less than 34,000 and for which  at  least
         $250,000  of  tax increment bonds were authorized on
         June 17, 1997, or
              (H)  if the ordinance was adopted on October 5,
         1982 by the City of Kankakee, or  if  the  ordinance
         was  adopted on December 29, 1986 by East St. Louis,
         or
              (I)  if the ordinance was adopted  on  November
         12, 1991 by the Village of Sauget, or
              (J)  if  the  ordinance was adopted on February
         11, 1985 by the City of Rock Island, or
              (K)  if  the  ordinance  was   adopted   before
         December 18, 1986 by the City of Moline, or
         (L)  if  the  ordinance  was  adopted on January 23,
    1991 by the City of East St. Louis.
         However, for redevelopment project areas  for  which
    bonds  were  issued  before  July  29, 1991, or for which
    contracts were entered  into  before  June  1,  1988,  in
    connection  with  a  redevelopment  project  in  the area
    within the State Sales Tax Boundary, the estimated  dates
    of completion of the redevelopment project and retirement
    of obligations to finance redevelopment project costs may
    be  extended by municipal ordinance to December 31, 2013.
    The  extension  allowed  by  this  amendatory Act of 1993
    shall not apply to real property tax increment allocation
    financing under Section 11-74.4-8.
         A municipality may by municipal ordinance  amend  an
    existing  redevelopment plan to conform to this paragraph
    (3) as amended by  Public  Act  91-478,  which  municipal
    ordinance  may  be  adopted  without  further  hearing or
    notice and without complying with the procedures provided
    in this Act pertaining to an amendment to or the  initial
    approval   of   a  redevelopment  plan  and  project  and
    designation of a redevelopment project area.
         Those dates,  for  purposes  of  real  property  tax
    increment   allocation   financing  pursuant  to  Section
    11-74.4-8 only, shall be  not  more  than  35  years  for
    redevelopment project areas that were adopted on or after
    December 16, 1986 and for which at least $8 million worth
    of  municipal  bonds were authorized on or after December
    19, 1989 but before January 1, 1990;  provided  that  the
    municipality   elects   to   extend   the   life  of  the
    redevelopment project area to 35 years by the adoption of
    an ordinance after at least 14 but not more than 30 days'
    written notice to the taxing bodies, that would otherwise
    constitute the joint review board for  the  redevelopment
    project area, before the adoption of the ordinance.
         Those  dates,  for  purposes  of  real  property tax
    increment  allocation  financing  pursuant   to   Section
    11-74.4-8  only,  shall  be  not  more  than 35 years for
    redevelopment project areas that were established  on  or
    after December 1, 1981 but before January 1, 1982 and for
    which  at least $1,500,000 worth of tax increment revenue
    bonds were authorized on or after September 30, 1990  but
    before  July  1,  1991;  provided  that  the municipality
    elects to extend the life of  the  redevelopment  project
    area to 35 years by the adoption of an ordinance after at
    least 14 but not more than 30 days' written notice to the
    taxing  bodies, that would otherwise constitute the joint
    review board for the redevelopment project  area,  before
    the adoption of the ordinance.
         (3.5)  The  municipality  finds,  in  the case of an
    industrial  park  conservation  area,   also   that   the
    municipality is a labor surplus municipality and that the
    implementation  of  the  redevelopment  plan  will reduce
    unemployment, create new jobs and by the provision of new
    facilities enhance the tax base of the  taxing  districts
    that extend into the redevelopment project area.
         (4)  If  any incremental revenues are being utilized
    under  Section  8(a)(1)  or  8(a)(2)  of  this   Act   in
    redevelopment  project  areas approved by ordinance after
    January 1, 1986, the municipality  finds:  (a)  that  the
    redevelopment   project  area  would  not  reasonably  be
    developed without the use of such  incremental  revenues,
    and   (b)   that   such   incremental  revenues  will  be
    exclusively  utilized  for   the   development   of   the
    redevelopment project area.
         (5)  On   and   after   November  1,  1999,  if  the
    redevelopment plan will not  result  in  displacement  of
    residents  from  inhabited  units,  and  the municipality
    certifies in the plan that displacement will  not  result
    from  the  plan,  a  housing  impact  study  need  not be
    performed.  If, however,  the  redevelopment  plan  would
    result  in  the displacement of residents from 10 or more
    inhabited residential  units,  or  if  the  redevelopment
    project  area  contains  75 or more inhabited residential
    units and no certification is made, then the municipality
    shall prepare, as part of the separate feasibility report
    required  by  subsection  (a)  of  Section  11-74.4-5,  a
    housing impact study.
         Part I of the housing impact study shall include (i)
    data as to  whether  the  residential  units  are  single
    family or multi-family units, (ii) the number and type of
    rooms within the units, if that information is available,
    (iii)  whether the units are inhabited or uninhabited, as
    determined not less than 45 days before the date that the
    ordinance or resolution required  by  subsection  (a)  of
    Section  11-74.4-5  is  passed,  and  (iv) data as to the
    racial and ethnic composition of  the  residents  in  the
    inhabited  residential units.  The data requirement as to
    the racial and ethnic composition of the residents in the
    inhabited residential units shall be deemed to  be  fully
    satisfied by data from the most recent federal census.
         Part  II  of the housing impact study shall identify
    the  inhabited  residential   units   in   the   proposed
    redevelopment  project  area  that  are  to  be or may be
    removed.   If  inhabited  residential  units  are  to  be
    removed, then the housing impact study shall identify (i)
    the number and location of those units that will  or  may
    be  removed, (ii) the municipality's plans for relocation
    assistance  for   those   residents   in   the   proposed
    redevelopment  project  area  whose  residences are to be
    removed, (iii) the availability  of  replacement  housing
    for  those  residents whose residences are to be removed,
    and shall identify the type, location, and  cost  of  the
    housing,  and  (iv)  the  type  and  extent of relocation
    assistance to be provided.
         (6)  On and after  November  1,  1999,  the  housing
    impact   study   required   by  paragraph  (5)  shall  be
    incorporated  in   the   redevelopment   plan   for   the
    redevelopment project area.
         (7)  On and after November 1, 1999, no redevelopment
    plan  shall be adopted, nor an existing plan amended, nor
    shall residential housing that is occupied by  households
    of  low-income  and  very low-income persons in currently
    existing redevelopment project  areas  be  removed  after
    November  1, 1999 unless the redevelopment plan provides,
    with respect to inhabited housing units that  are  to  be
    removed  for households of low-income and very low-income
    persons, affordable housing and relocation assistance not
    less than that which would be provided under the  federal
    Uniform   Relocation   Assistance   and   Real   Property
    Acquisition  Policies  Act  of  1970  and the regulations
    under  that  Act,  including  the  eligibility  criteria.
    Affordable  housing  may  be  either  existing  or  newly
    constructed housing. For purposes of this paragraph  (7),
    "low-income  households",  "very  low-income households",
    and "affordable housing" have the meanings set  forth  in
    the  Illinois  Affordable  Housing  Act. The municipality
    shall make a  good  faith  effort  to  ensure  that  this
    affordable   housing   is   located   in   or   near  the
    redevelopment project area within the municipality.
         (8)  On and after November 1, 1999,  if,  after  the
    adoption  of the redevelopment plan for the redevelopment
    project area,  any  municipality  desires  to  amend  its
    redevelopment  plan  to remove more inhabited residential
    units than specified in its original redevelopment  plan,
    that  increase in the number of units to be removed shall
    be  deemed  to  be  a  change  in  the  nature   of   the
    redevelopment  plan  as  to  require  compliance with the
    procedures in this Act pertaining to the initial approval
    of a redevelopment plan.
    (o)  "Redevelopment project" means any public and private
development project in furtherance of  the  objectives  of  a
redevelopment  plan.  On  and  after  November  1,  1999 (the
effective date of Public Act 91-478), no  redevelopment  plan
may  be  approved or amended that includes the development of
vacant land (i) with a golf course and related clubhouse  and
other  facilities  or  (ii)  designated  by  federal,  State,
county,  or  municipal  government as public land for outdoor
recreational activities or for nature preserves and used  for
that  purpose  within  5  years  prior to the adoption of the
redevelopment plan.  For the   purpose  of  this  subsection,
"recreational  activities"  is  limited  to  mean camping and
hunting.
    (p)  "Redevelopment   project   area"   means   an   area
designated by the municipality, which  is  not  less  in  the
aggregate  than  1  1/2  acres  and  in  respect to which the
municipality has made a finding that there  exist  conditions
which  cause  the area to be classified as an industrial park
conservation area or a blighted area or a conservation  area,
or  a  combination  of  both  blighted areas and conservation
areas.
    (q)  "Redevelopment project costs" mean and  include  the
sum  total  of  all reasonable or necessary costs incurred or
estimated to be incurred, and any such costs incidental to  a
redevelopment  plan  and a redevelopment project.  Such costs
include, without limitation, the following:
         (1)  Costs  of  studies,  surveys,  development   of
    plans,    and    specifications,    implementation    and
    administration  of  the  redevelopment plan including but
    not limited to staff and professional service  costs  for
    architectural, engineering, legal, financial, planning or
    other  services,  provided  however  that  no charges for
    professional services may be based on a percentage of the
    tax  increment  collected;  except  that  on  and   after
    November  1,  1999  (the  effective  date  of  Public Act
    91-478),  no   contracts   for   professional   services,
    excluding  architectural and engineering services, may be
    entered into if the terms of the contract extend beyond a
    period of 3 years.  In addition,  "redevelopment  project
    costs"  shall  not  include  lobbying  expenses.    After
    consultation  with  the  municipality, each tax increment
    consultant or advisor to a  municipality  that  plans  to
    designate  or has designated a redevelopment project area
    shall inform the municipality in writing of any contracts
    that the consultant or  advisor  has  entered  into  with
    entities  or  individuals  that  have  received,  or  are
    receiving,  payments  financed  by tax increment revenues
    produced by the redevelopment project area  with  respect
    to which the consultant or advisor has performed, or will
    be   performing,  service  for  the  municipality.   This
    requirement shall  be  satisfied  by  the  consultant  or
    advisor  before  the  commencement  of  services  for the
    municipality and thereafter whenever any other  contracts
    with  those  individuals  or entities are executed by the
    consultant or advisor;
         (1.5)  After July  1,  1999,  annual  administrative
    costs    shall    not   include   general   overhead   or
    administrative costs of the municipality that would still
    have  been  incurred   by   the   municipality   if   the
    municipality  had  not designated a redevelopment project
    area or approved a redevelopment plan;
         (1.6)  The  cost  of  marketing  sites  within   the
    redevelopment  project  area  to  prospective businesses,
    developers, and investors;
         (2)  Property  assembly  costs,  including  but  not
    limited to acquisition of land and other  property,  real
    or  personal,  or rights or interests therein, demolition
    of buildings, site preparation,  site  improvements  that
    serve as an engineered barrier addressing ground level or
    below  ground environmental contamination, including, but
    not limited to parking lots and other concrete or asphalt
    barriers, and the clearing and grading of land;
         (3)  Costs  of  rehabilitation,  reconstruction   or
    repair  or  remodeling  of  existing  public  or  private
    buildings,  fixtures, and leasehold improvements; and the
    cost of replacing an existing public building if pursuant
    to the implementation  of  a  redevelopment  project  the
    existing  public  building is to be demolished to use the
    site for private investment or devoted to a different use
    requiring private investment;
         (4)  Costs of the construction of  public  works  or
    improvements,  except that on and after November 1, 1999,
    redevelopment project costs shall not include the cost of
    constructing a new municipal public building  principally
    used  to  provide  offices,  storage space, or conference
    facilities or vehicle storage, maintenance, or repair for
    administrative, public safety, or public works  personnel
    and  that  is  not intended to replace an existing public
    building as provided under paragraph  (3)  of  subsection
    (q)   of   Section   11-74.4-3   unless  either  (i)  the
    construction of the new municipal building  implements  a
    redevelopment    project   that   was   included   in   a
    redevelopment plan that was adopted by  the  municipality
    prior  to November 1, 1999 or (ii) the municipality makes
    a reasonable determination  in  the  redevelopment  plan,
    supported by information that provides the basis for that
    determination,   that   the  new  municipal  building  is
    required to meet an  increase  in  the  need  for  public
    safety   purposes   anticipated   to   result   from  the
    implementation of the redevelopment plan;
         (5)  Costs of job training and retraining  projects,
    including   the   cost  of  "welfare  to  work"  programs
    implemented   by   businesses    located    within    the
    redevelopment project area;
         (6)  Financing  costs,  including but not limited to
    all necessary and  incidental  expenses  related  to  the
    issuance  of obligations and which may include payment of
    interest on any obligations  issued  hereunder  including
    interest   accruing   during   the  estimated  period  of
    construction of any redevelopment project for which  such
    obligations  are  issued  and for not exceeding 36 months
    thereafter  and  including  reasonable  reserves  related
    thereto;
         (7)  To  the  extent  the  municipality  by  written
    agreement accepts and approves the same, all or a portion
    of a taxing district's capital costs resulting  from  the
    redevelopment  project  necessarily  incurred  or  to  be
    incurred  within  a taxing district in furtherance of the
    objectives of the redevelopment plan and project.
         (7.5)  For redevelopment  project  areas  designated
    (or   redevelopment  project  areas  amended  to  add  or
    increase the number of  tax-increment-financing  assisted
    housing   units)   on  or  after  November  1,  1999,  an
    elementary,  secondary,   or   unit   school   district's
    increased  costs  attributable  to assisted housing units
    located within the redevelopment project area  for  which
    the   developer   or   redeveloper   receives   financial
    assistance  through an agreement with the municipality or
    because the municipality incurs  the  cost  of  necessary
    infrastructure  improvements within the boundaries of the
    assisted housing sites necessary for  the  completion  of
    that  housing  as authorized by this Act, and which costs
    shall be paid by the municipality from  the  Special  Tax
    Allocation   Fund  when  the  tax  increment  revenue  is
    received as a result of the assisted  housing  units  and
    shall be calculated annually as follows:
              (A)  for  foundation  districts,  excluding any
         school district in a municipality with a  population
         in   excess   of   1,000,000,   by  multiplying  the
         district's increase in attendance resulting from the
         net increase in new students enrolled in that school
         district who reside  in  housing  units  within  the
         redevelopment   project   area  that  have  received
         financial assistance through an agreement  with  the
         municipality  or because the municipality incurs the
         cost of necessary infrastructure improvements within
         the boundaries of the housing  sites  necessary  for
         the completion of that housing as authorized by this
         Act  since  the  designation  of  the  redevelopment
         project  area  by  the  most  recently available per
         capita tuition cost as defined in Section  10-20.12a
         of  the  School  Code  less  any increase in general
         State aid as  defined  in  Section  18-8.05  of  the
         School Code attributable to these added new students
         subject to the following annual limitations:
                   (i)  for  unit  school  districts  with  a
              district  average  1995-96  Per  Capita Tuition
              Charge of less than $5,900, no more than 25% of
              the total  amount  of  property  tax  increment
              revenue  produced  by  those housing units that
              have received tax increment finance  assistance
              under this Act;
                   (ii)  for elementary school districts with
              a  district  average 1995-96 Per Capita Tuition
              Charge of less than $5,900, no more than 17% of
              the total  amount  of  property  tax  increment
              revenue  produced  by  those housing units that
              have received tax increment finance  assistance
              under this Act; and
                   (iii)  for secondary school districts with
              a  district  average 1995-96 Per Capita Tuition
              Charge of less than $5,900, no more than 8%  of
              the  total  amount  of  property  tax increment
              revenue produced by those  housing  units  that
              have  received tax increment finance assistance
              under this Act.
              (B)  For alternate method districts, flat grant
         districts, and foundation districts with a  district
         average  1995-96  Per Capita Tuition Charge equal to
         or more than $5,900, excluding any  school  district
         with   a  population  in  excess  of  1,000,000,  by
         multiplying the district's  increase  in  attendance
         resulting  from  the  net  increase  in new students
         enrolled in  that  school  district  who  reside  in
         housing  units within the redevelopment project area
         that have received financial assistance  through  an
         agreement  with  the  municipality  or  because  the
         municipality    incurs   the   cost   of   necessary
         infrastructure improvements within the boundaries of
         the housing sites necessary for  the  completion  of
         that  housing  as  authorized  by this Act since the
         designation of the redevelopment project area by the
         most recently available per capita tuition  cost  as
         defined in Section 10-20.12a of the School Code less
         any  increase  in  general  state  aid as defined in
         Section 18-8.05 of the School Code  attributable  to
         these  added  new  students subject to the following
         annual limitations:
                   (i)  for unit school  districts,  no  more
              than  40%  of  the total amount of property tax
              increment revenue  produced  by  those  housing
              units  that have received tax increment finance
              assistance under this Act;
                   (ii)  for elementary school districts,  no
              more  than  27% of the total amount of property
              tax increment revenue produced by those housing
              units that have received tax increment  finance
              assistance under this Act; and
                   (iii)  for  secondary school districts, no
              more than 13% of the total amount  of  property
              tax increment revenue produced by those housing
              units  that have received tax increment finance
              assistance under this Act.
              (C)  For any school district in a  municipality
         with  a  population  in  excess  of  1,000,000,  the
         following    restrictions   shall   apply   to   the
         reimbursement  of   increased   costs   under   this
         paragraph (7.5):
                   (i)  no    increased    costs   shall   be
              reimbursed unless the school district certifies
              that  each  of  the  schools  affected  by  the
              assisted housing project  is  at  or  over  its
              student capacity;
                   (ii)  the  amount  reimburseable  shall be
              reduced by the value of any land donated to the
              school  district   by   the   municipality   or
              developer,  and  by  the  value of any physical
              improvements  made  to  the  schools   by   the
              municipality or developer; and
                   (iii)  the   amount   reimbursed  may  not
              affect amounts otherwise obligated by the terms
              of  any  bonds,   notes,   or   other   funding
              instruments,  or the terms of any redevelopment
              agreement.
         Any  school  district  seeking  payment  under  this
         paragraph (7.5)  shall,  after  July  1  and  before
         September  30 of each year, provide the municipality
         with reasonable evidence to support  its  claim  for
         reimbursement   before  the  municipality  shall  be
         required to approve  or  make  the  payment  to  the
         school  district.   If  the school district fails to
         provide the information during this  period  in  any
         year,  it  shall  forfeit any claim to reimbursement
         for  that  year.   School  districts  may  adopt   a
         resolution  waiving the right to all or a portion of
         the  reimbursement  otherwise   required   by   this
         paragraph    (7.5).     By    acceptance   of   this
         reimbursement the school district waives  the  right
         to  directly  or  indirectly  set  aside, modify, or
         contest in  any  manner  the  establishment  of  the
         redevelopment project area or projects;
         (8)  Relocation   costs   to   the   extent  that  a
    municipality determines that relocation  costs  shall  be
    paid  or  is required to make payment of relocation costs
    by  federal  or  State  law  or  in  order   to   satisfy
    subparagraph (7) of subsection (n);
         (9)  Payment in lieu of taxes;
         (10)  Costs  of  job  training, retraining, advanced
    vocational education or career education,  including  but
    not limited to courses in occupational, semi-technical or
    technical fields leading directly to employment, incurred
    by one or more taxing districts, provided that such costs
    (i)  are  related to the establishment and maintenance of
    additional job training, advanced vocational education or
    career education programs for persons employed or  to  be
    employed  by employers located in a redevelopment project
    area; and (ii) when incurred  by  a  taxing  district  or
    taxing  districts  other  than  the municipality, are set
    forth in a written agreement by or among the municipality
    and  the  taxing  district  or  taxing  districts,  which
    agreement  describes  the  program  to   be   undertaken,
    including  but  not limited to the number of employees to
    be trained, a description of the training and services to
    be provided, the number and type of  positions  available
    or  to  be  available,  itemized costs of the program and
    sources of funds to pay for the same, and the term of the
    agreement. Such costs include, specifically, the  payment
    by  community  college  districts  of  costs  pursuant to
    Sections 3-37,  3-38,  3-40  and  3-40.1  of  the  Public
    Community  College  Act  and by school districts of costs
    pursuant to Sections 10-22.20a and 10-23.3a of The School
    Code;
         (11)  Interest  cost  incurred  by   a   redeveloper
    related to the construction, renovation or rehabilitation
    of a redevelopment project provided that:
              (A)  such  costs  are  to be paid directly from
         the special tax allocation fund established pursuant
         to this Act;
              (B)  such payments in  any  one  year  may  not
         exceed  30% of the annual interest costs incurred by
         the redeveloper with  regard  to  the  redevelopment
         project during that year;
              (C)  if   there   are   not   sufficient  funds
         available in the special tax allocation fund to make
         the payment pursuant to this paragraph (11) then the
         amounts so due shall  accrue  and  be  payable  when
         sufficient  funds  are  available in the special tax
         allocation fund;
              (D)  the total of such interest  payments  paid
         pursuant to this Act may not exceed 30% of the total
         (i) cost paid or incurred by the redeveloper for the
         redevelopment   project   plus   (ii)  redevelopment
         project costs excluding any property assembly  costs
         and  any relocation costs incurred by a municipality
         pursuant to this Act; and
              (E)  the cost limits set forth in subparagraphs
         (B) and (D) of paragraph (11) shall be modified  for
         the  financing of rehabilitated or new housing units
         for  low-income  households  and   very   low-income
         households,  as defined in Section 3 of the Illinois
         Affordable Housing Act.  The percentage of 75% shall
         be substituted for 30% in subparagraphs (B) and  (D)
         of paragraph (11).
              (F)  Instead  of the eligible costs provided by
         subparagraphs (B) and  (D)  of  paragraph  (11),  as
         modified  by  this subparagraph, and notwithstanding
         any other provisions of this Act  to  the  contrary,
         the municipality may pay from tax increment revenues
         up to 50% of the cost of construction of new housing
         units  to  be  occupied by low-income households and
         very low-income households as defined in  Section  3
         of the Illinois Affordable Housing Act.  The cost of
         construction  of those units may be derived from the
         proceeds of bonds issued by the  municipality  under
         this   Act  or  other  constitutional  or  statutory
         authority or from other sources of municipal revenue
         that may be reimbursed from tax  increment  revenues
         or  the  proceeds  of  bonds  issued  to finance the
         construction of that housing.
              The  eligible   costs   provided   under   this
         subparagraph  (F)  of  paragraph  (11)  shall  be an
         eligible cost for the construction, renovation,  and
         rehabilitation   of  all  low  and  very  low-income
         housing units,  as  defined  in  Section  3  of  the
         Illinois   Affordable   Housing   Act,   within  the
         redevelopment project area.  If  the  low  and  very
         low-income   units   are   part   of  a  residential
         redevelopment  project  that  includes   units   not
         affordable  to  low  and very low-income households,
         only the low and  very  low-income  units  shall  be
         eligible  for  benefits  under  subparagraph  (F) of
         paragraph (11).  The standards for  maintaining  the
         occupancy   by   low-income   households   and  very
         low-income households, as defined in  Section  3  of
         the  Illinois Affordable Housing Act, of those units
         constructed with eligible costs made available under
         the provisions of this subparagraph (F) of paragraph
         (11) shall be established by guidelines  adopted  by
         the  municipality.   The responsibility for annually
         documenting the initial occupancy of  the  units  by
         low-income    households    and    very   low-income
         households, as defined in Section 3 of the  Illinois
         Affordable  Housing  Act,  shall be that of the then
         current owner of the property.  For ownership units,
         the guidelines will provide, at  a  minimum,  for  a
         reasonable  recapture of funds, or other appropriate
         methods   designed   to   preserve   the    original
         affordability  of  the  ownership units.  For rental
         units, the guidelines will provide,  at  a  minimum,
         for  the  affordability  of  rent  to  low  and very
         low-income households.  As units  become  available,
         they  shall  be  rented  to income-eligible tenants.
         The municipality may modify  these  guidelines  from
         time  to  time; the guidelines, however, shall be in
         effect for as long as tax increment revenue is being
         used to pay for costs associated with the  units  or
         for  the  retirement  of bonds issued to finance the
         units or for the life of the  redevelopment  project
         area, whichever is later.
         (11.5)  If the redevelopment project area is located
    within  a  municipality  with  a  population of more than
    100,000, the cost of day care services  for  children  of
    employees from low-income families working for businesses
    located  within the redevelopment project area and all or
    a portion of the cost of operation of  day  care  centers
    established  by  redevelopment project area businesses to
    serve  employees  from  low-income  families  working  in
    businesses located in  the  redevelopment  project  area.
    For the purposes of this paragraph, "low-income families"
    means families whose annual income does not exceed 80% of
    the   municipal,   county,  or  regional  median  income,
    adjusted for  family  size,  as  the  annual  income  and
    municipal,   county,   or   regional  median  income  are
    determined  from  time  to  time  by  the  United  States
    Department of Housing and Urban Development.
         (12)  Unless explicitly stated herein  the  cost  of
    construction  of  new privately-owned buildings shall not
    be an eligible redevelopment project cost.
         (13)  After November 1, 1999 (the effective date  of
    Public  Act  91-478),  none  of the redevelopment project
    costs enumerated in this  subsection  shall  be  eligible
    redevelopment  project costs if those costs would provide
    direct financial support to a  retail  entity  initiating
    operations   in  the  redevelopment  project  area  while
    terminating  operations  at  another  Illinois   location
    within  10  miles  of  the redevelopment project area but
    outside the boundaries of the redevelopment project  area
    municipality.     For   purposes   of   this   paragraph,
    termination means a closing of a retail operation that is
    directly related to the opening of the same operation  or
    like  retail entity owned or operated by more than 50% of
    the original ownership in a redevelopment  project  area,
    but  it  does  not  mean closing an operation for reasons
    beyond the control of the retail entity, as documented by
    the retail entity, subject to a reasonable finding by the
    municipality  that   the   current   location   contained
    inadequate  space,  had  become economically obsolete, or
    was no longer a  viable  location  for  the  retailer  or
    serviceman.
    If  a  special service area has been established pursuant
to the Special Service Area Tax Act or Special  Service  Area
Tax Law, then any tax increment revenues derived from the tax
imposed  pursuant  to  the  Special  Service  Area Tax Act or
Special  Service  Area  Tax  Law  may  be  used  within   the
redevelopment project area for the purposes permitted by that
Act or Law as well as the purposes permitted by this Act.
    (r)  "State  Sales  Tax Boundary" means the redevelopment
project  area  or  the  amended  redevelopment  project  area
boundaries which are determined pursuant to subsection (9) of
Section 11-74.4-8a of this Act.  The  Department  of  Revenue
shall   certify   pursuant   to  subsection  (9)  of  Section
11-74.4-8a  the  appropriate  boundaries  eligible  for   the
determination of State Sales Tax Increment.
    (s)  "State Sales Tax Increment" means an amount equal to
the  increase  in  the  aggregate  amount  of  taxes  paid by
retailers and servicemen, other than retailers and servicemen
subject to the  Public  Utilities  Act,  on  transactions  at
places  of business located within a State Sales Tax Boundary
pursuant to the Retailers' Occupation Tax Act,  the  Use  Tax
Act,  the Service Use Tax Act, and the Service Occupation Tax
Act, except such portion of such increase that is  paid  into
the  State  and  Local  Sales  Tax  Reform  Fund,  the  Local
Government   Distributive   Fund,  the   Local Government Tax
Fund and the County and Mass Transit District  Fund,  for  as
long  as  State  participation  exists,  over  and  above the
Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts
or the Revised Initial Sales Tax Amounts for  such  taxes  as
certified  by  the Department of Revenue and paid under those
Acts by retailers and servicemen on transactions at places of
business located within the State Sales Tax  Boundary  during
the  base  year  which shall be the calendar year immediately
prior to the year  in  which  the  municipality  adopted  tax
increment  allocation  financing,  less  3.0% of such amounts
generated under the Retailers' Occupation Tax  Act,  Use  Tax
Act  and  Service  Use Tax Act and the Service Occupation Tax
Act, which sum shall be appropriated  to  the  Department  of
Revenue  to  cover  its  costs of administering and enforcing
this Section. For purposes of computing the aggregate  amount
of  such  taxes  for  base years occurring prior to 1985, the
Department of Revenue shall compute  the  Initial  Sales  Tax
Amount for such taxes and deduct therefrom an amount equal to
4%  of  the  aggregate amount of taxes per year for each year
the base year is prior to 1985, but not  to  exceed  a  total
deduction of 12%.  The amount so determined shall be known as
the  "Adjusted  Initial  Sales  Tax  Amount". For purposes of
determining the State Sales Tax Increment the  Department  of
Revenue  shall  for each period subtract from the tax amounts
received  from  retailers  and  servicemen  on   transactions
located  in  the  State  Sales  Tax  Boundary,  the certified
Initial Sales Tax Amounts, Adjusted Initial Sales Tax Amounts
or Revised Initial  Sales  Tax  Amounts  for  the  Retailers'
Occupation  Tax Act, the Use Tax Act, the Service Use Tax Act
and the Service Occupation Tax Act.   For  the  State  Fiscal
Year  1989  this  calculation  shall be made by utilizing the
calendar year 1987 to determine the tax amounts received. For
the State Fiscal Year 1990, this calculation shall be made by
utilizing the period from January 1,  1988,  until  September
30,   1988,  to  determine  the  tax  amounts  received  from
retailers and servicemen, which shall have deducted therefrom
nine-twelfths of the certified  Initial  Sales  Tax  Amounts,
Adjusted  Initial  Sales  Tax  Amounts or the Revised Initial
Sales Tax Amounts as appropriate. For the State  Fiscal  Year
1991,  this calculation shall be made by utilizing the period
from October 1, 1988, until June 30, 1989, to  determine  the
tax  amounts  received  from  retailers and servicemen, which
shall have deducted therefrom nine-twelfths of the  certified
Initial  State  Sales Tax Amounts, Adjusted Initial Sales Tax
Amounts  or  the  Revised  Initial  Sales  Tax   Amounts   as
appropriate.  For  every  State  Fiscal  Year thereafter, the
applicable period shall be the 12 months beginning July 1 and
ending on June 30, to  determine  the  tax  amounts  received
which  shall  have  deducted  therefrom the certified Initial
Sales Tax Amounts, Adjusted Initial Sales Tax Amounts or  the
Revised  Initial Sales Tax Amounts.  Municipalities intending
to receive a distribution of State Sales Tax  Increment  must
report  a  list  of retailers to the Department of Revenue by
October 31, 1988 and by July 31, of each year thereafter.
    (t)  "Taxing districts" means counties, townships, cities
and incorporated towns  and  villages,  school,  road,  park,
sanitary, mosquito abatement, forest preserve, public health,
fire  protection,  river conservancy, tuberculosis sanitarium
and any other municipal corporations or  districts  with  the
power to levy taxes.
    (u)  "Taxing  districts' capital costs" means those costs
of taxing districts for capital improvements that  are  found
by  the  municipal  corporate authorities to be necessary and
directly result from the redevelopment project.
    (v)  As used in subsection (a) of  Section  11-74.4-3  of
this  Act,  "vacant land" means any  parcel or combination of
parcels of real property without industrial, commercial,  and
residential  buildings which has not been used for commercial
agricultural purposes within 5 years prior to the designation
of the redevelopment  project  area,  unless  the  parcel  is
included  in  an  industrial  park  conservation  area or the
parcel has been subdivided; provided that if the  parcel  was
part  of  a larger tract that has been divided into 3 or more
smaller tracts that were accepted for  recording  during  the
period  from 1950 to 1990, then the parcel shall be deemed to
have been subdivided, and all proceedings and actions of  the
municipality  taken  in  that  connection with respect to any
previously approved or designated redevelopment project  area
or  amended  redevelopment  project area are hereby validated
and hereby declared to be legally sufficient for all purposes
of this Act. For purposes of this Section and only  for  land
subject to the subdivision requirements of the Plat Act, land
is   subdivided  when  the  original  plat  of  the  proposed
Redevelopment Project Area or relevant  portion  thereof  has
been properly certified, acknowledged, approved, and recorded
or  filed  in  accordance with the Plat Act and a preliminary
plat, if any, for  any  subsequent  phases  of  the  proposed
Redevelopment  Project  Area  or relevant portion thereof has
been properly approved  and  filed  in  accordance  with  the
applicable ordinance of the municipality.
    (w)  "Annual  Total  Increment"  means  the  sum  of each
municipality's  annual  Net  Sales  Tax  Increment  and  each
municipality's annual Net Utility Tax Increment.   The  ratio
of  the  Annual  Total  Increment of each municipality to the
Annual  Total  Increment  for  all  municipalities,  as  most
recently calculated by the Department,  shall  determine  the
proportional  shares of the Illinois Tax Increment Fund to be
distributed to each municipality.
(Source: P.A. 90-379, eff.  8-14-97;  91-261,  eff.  7-23-99;
91-477,  eff.  8-11-99;  91-478,  eff.  11-1-99; 91-642, eff.
8-20-99; 91-763, eff. 6-9-00)

    (65 ILCS 5/11-74.4-7) (from Ch. 24, par. 11-74.4-7)
    Sec. 11-74.4-7.  Obligations secured by the  special  tax
allocation  fund  set  forth  in  Section  11-74.4-8  for the
redevelopment project area  may  be  issued  to  provide  for
redevelopment  project  costs.   Such  obligations,  when  so
issued,  shall  be  retired  in  the  manner  provided in the
ordinance authorizing the issuance of such obligations by the
receipts of taxes levied as specified  in  Section  11-74.4-9
against  the  taxable  property  included  in  the  area,  by
revenues as specified by Section 11-74.4-8a and other revenue
designated  by  the  municipality.  A municipality may in the
ordinance pledge all or any part of the funds in  and  to  be
deposited in the special tax allocation fund created pursuant
to  Section  11-74.4-8  to  the  payment of the redevelopment
project costs and obligations.  Any pledge of  funds  in  the
special tax allocation fund shall provide for distribution to
the  taxing  districts  and  to  the  Illinois  Department of
Revenue  of  moneys  not  required,  pledged,  earmarked,  or
otherwise  designated  for  payment  and  securing   of   the
obligations  and  anticipated redevelopment project costs and
such excess funds shall be calculated annually and deemed  to
be "surplus" funds.  In the event a municipality only applies
or  pledges  a  portion  of  the  funds  in  the  special tax
allocation fund for the payment or  securing  of  anticipated
redevelopment project costs or of obligations, any such funds
remaining  in the special tax allocation fund after complying
with the requirements of the  application  or  pledge,  shall
also  be  calculated annually and deemed "surplus" funds. All
surplus funds in the special tax  allocation  fund  shall  be
distributed  annually  within 180 days after the close of the
municipality's fiscal year by being  paid  by  the  municipal
treasurer  to  the  County  Collector,  to  the Department of
Revenue and to the municipality in direct proportion  to  the
tax  incremental  revenue received as a result of an increase
in  the  equalized  assessed  value  of   property   in   the
redevelopment  project area, tax incremental revenue received
from the State and tax incremental revenue received from  the
municipality,  but  not  to exceed as to each such source the
total incremental revenue  received  from  that  source.  The
County  Collector  shall  thereafter make distribution to the
respective taxing districts in the same manner and proportion
as the most recent distribution by the  county  collector  to
the  affected  districts  of  real  property  taxes from real
property in the redevelopment project area.
    Without limiting  the  foregoing  in  this  Section,  the
municipality  may  in addition  to obligations secured by the
special tax allocation fund pledge for a period  not  greater
than  the  term  of  the  obligations towards payment of such
obligations any part or any combination of the following: (a)
net revenues of all or part of any redevelopment project; (b)
taxes levied and collected on any  or  all  property  in  the
municipality;   (c)   the   full  faith  and  credit  of  the
municipality;  (d)  a  mortgage  on  part  or  all   of   the
redevelopment  project; or (e) any other taxes or anticipated
receipts that the municipality may lawfully pledge.
    Such obligations may be issued  in  one  or  more  series
bearing  interest  at  such  rate  or  rates as the corporate
authorities of the municipality shall determine by ordinance.
Such obligations shall bear such date  or  dates,  mature  at
such  time  or  times  not  exceeding  20  years  from  their
respective   dates,  be  in  such  denomination,  carry  such
registration privileges,  be  executed  in  such  manner,  be
payable  in  such  medium of payment at such place or places,
contain such covenants, terms and conditions, and be  subject
to  redemption  as such ordinance shall provide.  Obligations
issued pursuant to this Act may be sold at public or  private
sale  at  such  price as shall be determined by the corporate
authorities of the municipalities.  No referendum approval of
the electors shall be required as a condition to the issuance
of obligations pursuant to this Division except  as  provided
in this Section.
    In  the  event  the  municipality  authorizes issuance of
obligations  pursuant  to  the  authority  of  this  Division
secured by the full faith and  credit  of  the  municipality,
which  obligations  are  other  than obligations which may be
issued under  home  rule  powers  provided  by  Article  VII,
Section  6  of  the  Illinois Constitution,  or pledges taxes
pursuant to (b) or  (c)  of  the  second  paragraph  of  this
section,  the  ordinance  authorizing  the  issuance  of such
obligations or pledging such taxes shall be published  within
10  days  after such ordinance has been passed in one or more
newspapers,   with   general    circulation    within    such
municipality.  The  publication  of  the  ordinance  shall be
accompanied by a notice of (1) the specific number of  voters
required  to  sign  a petition requesting the question of the
issuance  of  such  obligations  or  pledging  taxes  to   be
submitted  to  the  electors;  (2)  the  time  in  which such
petition must be filed; and (3) the date of  the  prospective
referendum.   The  municipal  clerk  shall provide a petition
form to any individual requesting one.
    If no petition is filed  with  the  municipal  clerk,  as
hereinafter  provided  in  this Section, within 30 days after
the publication of the ordinance, the ordinance shall  be  in
effect.   But,  if  within  that  30 day period a petition is
filed with the municipal clerk, signed  by  electors  in  the
municipality   numbering   10%  or  more  of  the  number  of
registered  voters  in  the  municipality,  asking  that  the
question of issuing obligations using full faith  and  credit
of  the  municipality  as security for the cost of paying for
redevelopment project costs, or of  pledging  taxes  for  the
payment  of  such  obligations,  or both, be submitted to the
electors of the municipality, the  corporate  authorities  of
the  municipality shall call a special election in the manner
provided by law to vote upon that question, or, if a general,
State or municipal election is to be held within a period  of
not  less  than  30  or more than  90 days from the date such
petition is filed, shall submit  the  question  at  the  next
general, State or municipal election.  If it appears upon the
canvass  of  the election by the corporate authorities that a
majority of electors voting upon the question voted in  favor
thereof,  the ordinance shall be in effect, but if a majority
of the electors voting upon the question  are  not  in  favor
thereof, the ordinance shall not take effect.
    The  ordinance  authorizing  the  obligations may provide
that the obligations shall contain a recital  that  they  are
issued  pursuant  to  this  Division,  which recital shall be
conclusive evidence of their validity and of  the  regularity
of their issuance.
    In  the  event  the  municipality  authorizes issuance of
obligations pursuant to this  Section  secured  by  the  full
faith   and   credit   of  the  municipality,  the  ordinance
authorizing the obligations may  provide  for  the  levy  and
collection  of  a direct annual tax upon all taxable property
within the  municipality  sufficient  to  pay  the  principal
thereof and interest thereon as it matures, which levy may be
in  addition  to  and  exclusive  of the maximum of all other
taxes authorized to be  levied  by  the  municipality,  which
levy, however, shall be abated to the extent that monies from
other  sources  are  available for payment of the obligations
and the municipality certifies  the  amount  of  said  monies
available to the county clerk.
    A  certified  copy  of such ordinance shall be filed with
the county clerk of each county in which any portion  of  the
municipality  is situated, and shall constitute the authority
for the extension and collection of the taxes to be deposited
in the special tax allocation fund.
    A municipality may also issue its obligations  to  refund
in  whole  or in part, obligations theretofore issued by such
municipality under the authority of this Act, whether  at  or
prior  to  maturity, provided however, that the last maturity
of the refunding obligations shall not be expressed to mature
later than December 31 of the year in which  the  payment  to
the  municipal  treasurer  as  provided  in subsection (b) of
Section 11-74.4-8 of this Act is to be made with  respect  to
ad  valorem  taxes  levied  in the twenty-third calendar year
after  the  year  in  which  the  ordinance   approving   the
redevelopment  project  area  is adopted if the ordinance was
adopted on or after January 15,  1981,  and  not  later  than
December 31 of the year in which the payment to the municipal
treasurer  as provided in subsection (b) of Section 11-74.4-8
of this Act is to be made with respect to  ad  valorem  taxes
levied  in  the  thirty-fifth calendar year after the year in
which the ordinance approving the redevelopment project  area
is  adopted  (A)  if the ordinance was adopted before January
15, 1981, or (B) if the ordinance  was  adopted  in  December
1983,  April 1984, July 1985, or December 1989, or (C) if the
ordinance was adopted in December, 1987 and the redevelopment
project is located within one mile of Midway Airport, or  (D)
if  the  ordinance  was  adopted  before January 1, 1987 by a
municipality in Mason County, or (E) if the  municipality  is
subject  to  the  Local  Government  Financial  Planning  and
Supervision  Act  or  the Financially Distressed City Law, or
(F) if the ordinance was adopted  in  December  1984  by  the
Village  of  Rosemont, or (G) if the ordinance was adopted on
December 31, 1986 by a municipality located in Clinton County
for which at least  $250,000  of  tax  increment  bonds  were
authorized  on June 17, 1997, or if the ordinance was adopted
on December 31, 1986 by a municipality with a  population  in
1990  of  less  than 3,600 that is located in a county with a
population in 1990 of less than 34,000 and for which at least
$250,000 of tax increment bonds were authorized on  June  17,
1997,  or (H) if the ordinance was adopted on October 5, 1982
by the City of Kankakee, or (I) if the ordinance was  adopted
on  December  29, 1986 by East St. Louis, or if the ordinance
was adopted on November 12, 1991 by the Village of Sauget, or
(J) if the ordinance was adopted on February 11, 1985 by  the
City  of  Rock  Island,  or  (K) if the ordinance was adopted
before December 18, 1986 by the City of Moline, or (L) if the
ordinance was adopted on January 23, 1991 by the City of East
St. Louis and, for  redevelopment  project  areas  for  which
bonds  were issued before July 29, 1991, in connection with a
redevelopment project in the area within the State Sales  Tax
Boundary and which were extended by municipal ordinance under
subsection  (n)  of  Section 11-74.4-3,  the last maturity of
the refunding obligations shall not be  expressed  to  mature
later  than  the date on which the redevelopment project area
is terminated or December 31,  2013,  whichever  date  occurs
first.
    In the event a municipality issues obligations under home
rule  powers  or  other legislative authority the proceeds of
which are pledged to pay for redevelopment project costs, the
municipality may,  if  it  has  followed  the  procedures  in
conformance  with this division, retire said obligations from
funds in the special tax allocation fund in  amounts  and  in
such  manner  as if such obligations had been issued pursuant
to the provisions of this division.
    All obligations heretofore or hereafter  issued  pursuant
to  this  Act  shall  not  be regarded as indebtedness of the
municipality issuing such obligations  or  any  other  taxing
district for the purpose of any limitation imposed by law.
(Source: P.A.  90-379,  eff.  8-14-97;  91-261, eff. 7-23-99;
91-477, eff. 8-11-99;  91-478,  eff.  11-1-99;  91-642,  eff.
8-20-99; 91-763, eff. 6-9-00.)
    Passed in the General Assembly May 22, 2001.
    Approved August 16, 2001.

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