Full Text of HB5556 101st General Assembly
HB5556 101ST GENERAL ASSEMBLY |
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020 HB5556 Introduced , by Rep. Tony McCombie SYNOPSIS AS INTRODUCED: |
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65 ILCS 5/11-74-2 | from Ch. 24, par. 11-74-2 |
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Amends the Industrial Project Revenue Bond Act in the Illinois Municipal Code. In the definition of "industrial project", includes use or disposal of surplus real estate owned by the municipality. Effective immediately.
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| | FISCAL NOTE ACT MAY APPLY | | HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| | | HB5556 | | LRB101 18737 AWJ 68192 b |
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| 1 | | AN ACT concerning local government.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Municipal Code is amended by | 5 | | changing Section 11-74-2 as follows:
| 6 | | (65 ILCS 5/11-74-2) (from Ch. 24, par. 11-74-2)
| 7 | | Sec. 11-74-2.
Whenever used in this Division 74, unless a | 8 | | different
meaning clearly appears from the context:
| 9 | | (1) "Industrial project" means any : (a) capital project, | 10 | | including one or
more buildings and other structures, | 11 | | improvements, machinery and equipment
whether or not on the | 12 | | same site or sites now existing or hereafter
acquired, suitable | 13 | | for use by any manufacturing, industrial, research,
| 14 | | transportation or commercial enterprise, including but not | 15 | | limited to use
as a factory, mill, processing plant, assembly | 16 | | plant, packaging plant,
fabricating plant, office building, | 17 | | industrial distribution center,
warehouse, repair, overhaul or | 18 | | service facility, freight terminal, research
facility, test | 19 | | facility, railroad facility, or commercial facility, and
| 20 | | including also the sites thereof and other rights in land | 21 | | therefor whether
improved or unimproved, site preparation and | 22 | | landscaping, and all
appurtenances and facilities incidental | 23 | | thereto such as utilities, access
roads, railroad sidings, |
| | | HB5556 | - 2 - | LRB101 18737 AWJ 68192 b |
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| 1 | | truck docking and similar facilities, parking
facilities, | 2 | | dockage, wharfage, and other improvements necessary or
| 3 | | convenient thereto; or (b) land, buildings, machinery or | 4 | | equipment
comprising an addition to or renovation, | 5 | | rehabilitation or improvement of
any existing capital project; | 6 | | (c) construction, remodeling or conversion
of a structure to be | 7 | | leased to the Illinois Department of Corrections for
the | 8 | | purposes of its serving as a correctional institution or | 9 | | facility
pursuant to paragraph (c) of Section 3-2-2 of the | 10 | | Unified Code of
Corrections; or (d) construction, remodeling or | 11 | | conversion of a structure
to be leased to the Department of | 12 | | Central Management Services for the
purpose of serving as a | 13 | | State facility pursuant to Section 405-320
of the
Department of | 14 | | Central Management Services Law (20 ILCS 405/405-320) ; or (e) | 15 | | use or disposal of surplus real estate owned by the | 16 | | municipality .
| 17 | | (2) "Municipality" includes any city, village or | 18 | | incorporated town in this
State.
| 19 | | (Source: P.A. 90-655, eff. 7-30-98; 91-239, eff. 1-1-00.)
| 20 | | Section 99. Effective date. This Act takes effect upon | 21 | | becoming law.
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