HB5574 103RD GENERAL ASSEMBLY

LRB103 36637 MXP 66746 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB5574

Introduced 2/9/2024, by Rep. Terra Costa Howard

SYNOPSIS AS INTRODUCED:

605 ILCS 5/5-917.1 new

Amends the Illinois Highway Code. Provides that, if a unit of local government has adopted and implemented a road improvement impact fee by ordinance or resolution and repeals the ordinance or resolution, the collected fees, along with any accrued interest, in the existing impact fee accounts may be transferred to a transportation account to be used for capacity-related improvements. Valid impact fee refunds shall be processed in accordance with the procedures set forth in the repealed ordinance or resolution.

A BILL FOR

AN ACT concerning transportation.

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

Section 5. The Illinois Highway Code is amended by adding Section 5-917.1 as follows:

(605 ILCS 5/5-917.1 new)

Sec. 5-917.1. Repeal of road improvement impact fee by ordinance or resolution. If a unit of local government has adopted and implemented a road improvement impact fee by ordinance or resolution and repeals the ordinance or resolution, the collected fees, along with any accrued interest, in the existing impact fee accounts may be transferred to a transportation account to be used for capacity-related improvements. Valid impact fee refunds shall be processed in accordance with the procedures set forth in the repealed ordinance or resolution.