90th General Assembly
Summary of SB0400
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
Senate Sponsors:

Short description: 
MUNI CD-TIF-NOTICE & HEARING                                               

Synopsis of Bill as introduced:
        Amends the Tax Increment  Allocation  Redevelopment  Act  in  the      
   Illinois   Municipal  Code.   Requires  a  copy  of  an  ordinance  or      
   resolution that provides for a feasibility study on the designation of      
   an area as a redevelopment project area to be sent to (i) all  citizen      
   boards or committees that are part of or oversee the activities of the      
   taxing  bodies affected by the designation and (ii) all not-for-profit      
   organizations that are located within or immediately adjacent  to  the      
   proposed  redevelopment  district  or  provide  a  majority  of  their      
   services  within  the  proposed district.  Sets forth the requirements      
   for mail notifications.  Requires at least one sign per  square  block      
   to  be  posted  in  full  view  of  the public within the proposed TIF      
   district and within 0.5 miles of its proposed boundaries at  the  time      
   the   municipality   acts  to  undertake  a  tax  increment  financing      
   feasibility study.  Requires the municipality to schedule at  least  3      
   public  hearings  within  the  proposed  TIF district or, if it is not      
   possible to hold the hearings within the TIF district, then  as  close      
   as  possible  to  its  proposed  boundaries at the time a municipality      
   initiates a tax increment finance eligibility study or at the time the      
   municipality is notified that a private party intends to undertake  an      
   eligibility  study.   Requires  the  hearings  to  be transcribed by a      
   certified  court  reporter  and  the  municipality  to   publish   its      
   determination of all protests and objections along with the transcript      
   of  the hearings.  Requires the municipality to notify by mail certain      
   entities, to publish a notification in a newspaper,  and to post signs      
   if the municipality makes changes in the redevelopment plan or project      
   that do not substantially affect the general land uses established  by      
   the  plan.   Requires  all  municipalities (now, municipalities with a      
   population of less than 1,000,000) to notify all members of the  joint      
   review  board  (now,  all  taxing  districts  represented on the joint      
   review board) within 90 days after the close of each municipal  fiscal      
   year that certain information will be made available no later than 180      
   days  after the close of each municipal fiscal year.  Grants the Joint      
   Review Board additional powers.  Makes other changes.                       
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


 Full Text  Bill Status