Bill Status of SB3052 98th General Assembly
Short Description: FINANCE-GREEN SPECIAL SERVICE
Sen. Daniel Biss
| 1/13/2015||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Special Service Area Tax Law in the Property Tax Code. Provides that the corporate authorities of a county or a municipality may establish a green special service area. Provides that those green special service areas shall include only property for which each owner of record has executed a contract or agreement with the county or municipality consenting to the inclusion of the property within the green special service area. Provides that counties and municipalities may levy property taxes in connection with green special service areas. Provides that counties and municipalities may issue bonds in connection with green special service areas and may sell, assign, or pledge those bonds to the Illinois Finance Authority. Amends the Counties Code and the Illinois Municipal Code to provide that each county or municipality shall have the power and authority to engage in specified activities that relate to green special service areas. Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority has the power to purchase special service area bonds and to accept assignments or pledges, or both, of special service area bonds or agreements relating to green special service area projects. Effective immediately.
Senate Committee Amendment No. 1
Replaces everything after the enacting clause. Amends the Property Tax Code. Makes a technical change in a Section concerning the Special Service Area Tax Law.
|Date||Chamber|| Action|| 2/7/2014||Senate||Filed with Secretary by Sen. Daniel Biss|| 2/7/2014||Senate||First Reading|| 2/7/2014||Senate||Referred to Assignments|| 2/19/2014||Senate||Assigned to Local Government|| 3/21/2014||Senate||Senate Committee Amendment No. 1 Filed with Secretary by Sen. Daniel Biss|| 3/21/2014||Senate||Senate Committee Amendment No. 1 Referred to Assignments|| 3/25/2014||Senate||Senate Committee Amendment No. 1 Assignments Refers to Local Government|| 3/26/2014||Senate||Senate Committee Amendment No. 1 Adopted|| 3/26/2014||Senate||Do Pass as Amended Local Government; 008-000-005|| 3/26/2014||Senate||Placed on Calendar Order of 2nd Reading March 27, 2014|| 7/1/2014||Senate||Pursuant to Senate Rule 3-9(b) / Referred to Assignments|| 1/13/2015||Senate||Session Sine Die|