Sen. Linda Holmes

Filed: 5/5/2017





10000SB1415sam003LRB100 08720 AWJ 25986 a


2    AMENDMENT NO. ______. Amend Senate Bill 1415, AS AMENDED,
3in Sec. 11-74.4-3, by replacing paragraph (7) of subsection (a)
4with the following:
5        "(7) To the extent a the municipality with a population
6    of more than 1,000,000 by written agreement accepts and
7    approves the same, all or a portion of a taxing district's
8    capital costs resulting from the redevelopment project
9    necessarily incurred or to be incurred within a taxing
10    district in furtherance of the objectives of the
11    redevelopment plan and project;
12        (7.1) For taxing districts other than a municipality
13    with a population of more than 1,000,000, all or a portion
14    of a taxing district's capital costs resulting from the
15    redevelopment project reasonably incurred or to be
16    incurred within a taxing district as a result of the
17    redevelopment plan and project;".