HB5457ham003 97TH GENERAL ASSEMBLY

Rep. John E. Bradley

Filed: 5/29/2012

09700HB5457ham003 LRB097 20091 KMW 70275 a

AMENDMENT TO HOUSE BILL 5457

AMENDMENT NO. ______. Amend House Bill 5457 as follows:

on page 8, by replacing line 24 with "extension. An additional copy of the report must be submitted to the State Board of Education if the report identifies amounts designated as surplus and distributed to taxing districts as provided in Section 11-74.4-7 of the Tax Increment Allocation Redevelopment Act. If the required report is not filed within the time"; and

on page 32, by replacing lines 16 through 23 with the following:

"camping and hunting. On and after January 1, 2013, no redevelopment plan may be approved that allocates more than 40% of the estimated redevelopment project costs to residential developments, and no redevelopment plan shall be amended to exceed that 40% limitation. The limitations on the allocation of estimated redevelopment project costs to residential developments imposed by this amendatory Act of the 97th General Assembly do not apply to residential development projects that: (i) include affordable housing for low-income and very low-income households, as defined by the Illinois Affordable Housing Act; (ii) are located in a municipality with a population of less than 25,000 inhabitants; or (iii) are subject to a contract between the municipality and a developer in existence prior to the effective date of this amendatory Act of the 97th General Assembly. Each redevelopment plan"; and

on page 65, by deleting lines 10 through 19; and

on page 79, line 3, by replacing "2012" with "2013"; and

on page 99, by replacing lines 20 through 21 with "resubmitted plan or amendment is rejected at the reconvened joint review board meeting by a three-fifths vote of all taxing districts and the public members, if elected, that constitute the joint review board, with".