90th General Assembly
Summary of HB2060
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House Sponsors:
MADIGAN,MJ-CURRIE AND FANTIN.

Senate Sponsors:
VIVERITO-GEO-KARIS

Short description: 
MUNI CD-TIF-EXTEND TO 35 YEARS                                             

Synopsis of Bill as introduced:
        Amends the Tax Increment  Allocation  Redevelopment  Act  in  the      
   Illinois  Municipal  Code.   Includes  in  the  list  of redevelopment      
   projects that may extend for 35 years those that were  established  by      
   ordinance in December, 1986.  Effective immediately.                        
        HOUSE AMENDMENT NO. 1.                                                 
        Deletes from the list of redevelopment projects that  may  extend      
   for 35 years those that were established by ordinance in December 1986      
   and  includes  instead those that were established in December 1987 if      
   the redevelopment  project  is  located  within  one  mile  of  Midway      
   Airport.                                                                    
          STATE MANDATES FISCAL NOTE, H-AM 1                                   
          HB 2060, with H-am 1, fails to create a State mandate.               
          FISCAL NOTE, H-AM 1 (Dept. of Revenue)                               
          There will be no fiscal impact on this Dept.                         
          HOME RULE NOTE, H-AM 1                                               
          HB2060, with H-am 1, does not preempt home rule authority.           
        SENATE AMENDMENT NO. 1.                                                
        Makes amendatory provisions consistent to include in the list  of      
   redevelopment  projects  that  may extend for 35 years those that were      
   established in December, 1987 if the redevelopment project is  located      
   within one mile of Midway Airport.                                          
 
Last action on Bill: PUBLIC ACT.............................. 90-0379

   Last action date: 97-08-14

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


   END OF INQUIRY 



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