Illinois General Assembly - Bill Status for SB2965

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Bill Status of SB2965 102nd General Assembly

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Short Description: MUNI CD-TIF SURPLUS FUNDS

Senate Sponsors
Sen. Laura M. Murphy

Last Action

Date	Chamber	Action
1/10/2023	Senate	Session Sine Die

Statutes Amended In Order of Appearance

65 ILCS 5/11-74.4-7

from Ch. 24, par. 11-74.4-7

Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).

Actions

Date	Chamber	Action
12/15/2021	Senate	Filed with Secretary by Sen. Laura M. Murphy
12/15/2021	Senate	First Reading
12/15/2021	Senate	Referred to Assignments
1/10/2023	Senate	Session Sine Die

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