Bill Status of SB3236

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SB3236 - 104th General Assembly

MUNI CD-TIF SURPLUS FUNDS
Last Action
2/17/2026 - Senate: Assigned to Revenue
Senate Sponsors
Sen. Bill Cunningham
Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-7from Ch. 24, par. 11-74.4-7
65 ILCS 5/11-74.4-8from Ch. 24, par. 11-74.4-8
Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that not more than 5% of all surplus funds in the special tax allocation fund may be distributed. Provides that surplus funds in the special tax allocation fund may be distributed not more than once every 10 years (rather than annually). Provides that, if the termination date for a redevelopment project area is extended beyond the 23rd calendar year after the year in which the ordinance approving the redevelopment project area was adopted, then following the 23rd calendar year, no surplus funds may be distributed until the redevelopment project area is terminated. Effective immediately.
Actions
Date Chamber Action
2/02/2026 Senate Filed with Secretary by Sen. Bill Cunningham
2/02/2026 Senate First Reading
2/02/2026 Senate Referred to Assignments
2/17/2026 Senate Assigned to Revenue
3/13/2026 Senate Rule 2-10 Committee Deadline Established As April 24, 2026