90th General Assembly
Status of HB3081
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Summary


   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 the short title      
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          65 ILCS 5/11-74.4-1                                                  
          Adds reference to:                                                   
          65 ILCS 5/8-4-1                 from Ch. 24, par. 8-4-1              
          65 ILCS 5/11-74.5-2             from Ch. 24, par. 11-74.5-2          
          65 ILCS 5/11-74.5-3             from Ch. 24, par. 11-74.5-3          
          65 ILCS 5/11-74.5-5             from Ch. 24, par. 11-74.5-5          
          65 ILCS 5/11-74.5-4 rep.                                             
        Deletes  everything.   Amends  the   Illinois   Municipal   Code.      
   Provides  that  bonds  issued  under the Municipal Housing Finance Law      
   shall not be subject to referendum requirements.    In  the  Municipal      
   Housing Finance Law Division, provides that "home mortgage loan" means      
   an interest bearing loan to a mortgagor evidenced by a promissory note      
   and  secured  by  a  mortgage  on a home (now by a first mortgage on a      
   home).  Provides that a municipality  may  acquire  and  contract  and      
   enter  into advance commitments to acquire directly or indirectly (now      
   acquire) home mortgages.  Provides that a municipality may issue bonds      
   under the Municipal Housing Finance Law to defray, among other things,      
   the costs of reasonable reserves.  Provides that  a  municipality  may      
   authorize  the  sale  or  other  disposition of any home mortgage loan      
   after the bonds have  been  paid  or  deemed  to  be  paid.    Deletes      
   provisions  of the Municipal Housing Finance Law concerning the review      
   of bonds and provisions concerning referendums.  Makes other  changes.      
   Effective immediately.                                                      
   98-02-09  H  FILED WITH CLERK                                               
   98-02-10  H  FIRST READING                                                  
   98-02-10  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   98-03-11  H       ASSIGNED TO COMMITTEE               REVENUE               
   98-03-20  H                             AMENDMENT NO. 01-REVENUE       H    
   98-03-20  H                                   ADOPTED                       
   98-03-20  H  DO PASS AMENDED/SHORT DEBATE             011-000-000   HREV    
   98-03-20  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   98-03-23  H  SECOND READING-SHORT DEBATE                                    
   98-03-23  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   98-03-24  H  ADDED AS A JOINT SPONSOR                 MOORE,EUGENE          
   98-03-24  H  THIRD READING/SHORT DEBATE/PASSED        082-032-001           
   98-03-24  H  JOINT-SPONSOR CHANGED TO                 SCOTT                 
   98-03-25  S  ARRIVE IN SENATE                                               
   98-03-25  S  PLACED CALENDAR ORDER OF FIRST READING                         
   98-03-25  S  CHIEF SPONSOR                            DUDYCZ                
   98-03-25  S  ADDED AS A CHIEF CO-SPONSOR              RADOGNO               
   98-03-25  S  FIRST READING                                                  
   98-03-25  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   98-04-01  S       ASSIGNED TO COMMITTEE               REVENUE               
   98-04-22  S  SPONSOR REMOVED                          DUDYCZ                
   98-04-22  S  ALTERNATE CHIEF SPONSOR CHANGED TO       SYVERSON              
   98-04-23  S                                 POSTPONED                       
   98-04-23  S  ADDED AS A CHIEF CO-SPONSOR              SHAW                  
   98-05-06  S       DO PASS                             008-000-000   SREV    
   98-05-06  S  PLACED ON CALENDAR ORDER OF 2ND READING  98-05-07              
   98-05-07  S  SECOND READING                                                 
   98-05-07  S  PLACED ON CALENDAR ORDER OF 3RD READING  98-05-12              
   98-05-13  S  THIRD READING - PASSED                   042-011-003           
   98-05-13  H  PASSED BOTH HOUSES                                             
   98-06-11  H  SENT TO THE GOVERNOR                                           
   98-08-07  H  GOVERNOR APPROVED                                              
   98-08-07  H                            EFFECTIVE DATE 98-08-07              
   98-08-07  H  PUBLIC ACT.............................. 90-0706               


 Full Text  Bill Summary