HB4535 102ND GENERAL ASSEMBLY

LRB102 24728 AWJ 33968 b

102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB4535

Introduced 1/21/2022, by Rep. Ryan Spain

SYNOPSIS AS INTRODUCED:

65 ILCS 5/11-74.4-1

from Ch. 24, par. 11-74.4-1

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Makes a technical change in a Section concerning the short title.

A BILL FOR

AN ACT concerning local government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Municipal Code is amended by changing Section 11-74.4-1 as follows:

(65 ILCS 5/11-74.4-1) (from Ch. 24, par. 11-74.4-1)

Sec. 11-74.4-1. This Division 74.4 shall be known and and may be cited as the "Tax Increment Allocation Redevelopment Act".

(Source: P.A. 84-1417.)

Section 99. Effective date. This Act takes effect upon becoming law.