Illinois General Assembly - Bill Status for SB1777
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 Bill Status of SB1777  102nd General Assembly


Short Description:  MUNI CD-TIF SURPLUS FUNDS

Senate Sponsors
Sen. Laura M. Murphy

Last Action
DateChamber Action
  3/19/2021SenateTo Revenue- Special Issues

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-7from 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 
DateChamber Action
  2/26/2021SenateFiled with Secretary by Sen. Laura M. Murphy
  2/26/2021SenateFirst Reading
  2/26/2021SenateReferred to Assignments
  3/9/2021SenateAssigned to Revenue
  3/19/2021SenateTo Revenue- Special Issues

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