Illinois General Assembly - Bill Status for HB2913
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 Bill Status of HB2913  97th General Assembly


Short Description:  TIF-CERTIFICATION & AUDITS

House Sponsors
Rep. Brandon W. Phelps

Last Action
DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 405/30 new
65 ILCS 5/8-8-3from Ch. 24, par. 8-8-3
65 ILCS 5/8-8-3.5
65 ILCS 5/11-74.6-22


Synopsis As Introduced
Amends the State Comptroller Act. Creates a provision allowing the Comptroller to establish and conduct a training and certification program for Tax Increment Finance administrators. Sets forth requirements of the program. Amends the Illinois Municipal Code. Provides that on and after the effective date of the amendatory Act, the State Comptroller must post on its website the information submitted by a municipality concerning audit reports. Sets forth the requirements for the posting and daily charges for delinquent reports. Provides that a Tax Increment Financing Report must be filed with the Comptroller within 180 days after the close of the municipal fiscal year or as soon thereafter as the audit becomes available, and allows the Comptroller to grant an extension if the Tax Increment Finance administrator provides the Comptroller's office with sufficient evidence that the report is in the process of being completed. Sets forth daily charges for delinquent reports. Amends the Industrial Jobs Recovery Law of the Illinois Municipal Code. Provides that a municipality must electronically submit financial statements for each redevelopment project area. Further provides that, for each redevelopment project area, municipalities must also submit a list of all intergovernmental agreements in effect during the fiscal year to which the municipality is a party and an accounting of any moneys transferred or received by the municipality during that fiscal year pursuant to those intergovernmental agreements. Requires the State Comptroller to post on its website the information submitted by a municipality concerning audit reports. Effective immediately.

Actions 
DateChamber Action
  2/22/2011HouseFiled with the Clerk by Rep. Brandon W. Phelps
  2/23/2011HouseFirst Reading
  2/23/2011HouseReferred to Rules Committee
  2/28/2011HouseAssigned to Revenue & Finance Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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