MADIGAN,R. (TURNER,JOHN) 65 ILCS 5/11-74.4-3 from Ch. 24, par. 11-74.4-3 65 ILCS 5/11-74.4-7 from Ch. 24, par. 11-74.4-7 Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that the maturity date for tax increment financing obligations may not exceed 35 years if the ordinance approving the redevelopment project was adopted on or after December 21, 1986, but before January 1, 1987. Provides that the municipality may extend the life of the redevelopment project area to 35 years after notice to the taxing districts represented on the joint review board. Effective immediately. SENATE AMENDMENT NO. 1. Replaces the amendatory provisions to provide that the maturity date for tax increment financing obligations may not exceed 35 years if the ordinance was adopted before January 1, 1987 by a municipality in Mason County. 99-01-27 S FIRST READING 99-01-27 S REFERRED TO SENATE RULES COMMITTEE RULES 99-01-27 S ASSIGNED TO COMMITTEE REVENUE 99-02-18 S POSTPONED 99-02-26 S POSTPONED 99-03-04 S AMENDMENT NO. 01-REVENUE S 99-03-04 S ADOPTED 99-03-04 S DO PASS AS AMENDED 008-001-001 SREV 99-03-04 S PLACED ON CALENDAR ORDER OF 2ND READING 99-03-09 99-03-09 S SECOND READING 99-03-09 S PLACED ON CALENDAR ORDER OF 3RD READING 99-03-10 99-03-18 S THIRD READING - PASSED 057-001-000 99-03-18 H ARRIVE IN HOUSE 99-03-18 H PLACED CALENDAR ORDER OF FIRST READING 99-03-22 H HOUSE SPONSOR TURNER,JOHN 99-03-23 H FIRST READING 99-03-23 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-04-14 H ASSIGNED TO COMMITTEE URBAN REVITAL 99-04-22 H DO PASS/SHORT DEBATE 009-002-000 HURB 99-04-22 H PLACED CALENDAR 2ND READING-SHORT DEBATE 99-04-28 H SECOND READING-SHORT DEBATE 99-04-28 H PLCD CAL ORDER 3RD READING-SHORT DEBATE 99-05-04 H THIRD READING/SHORT DEBATE/PASSED 114-000-000 99-05-04 S PASSED BOTH HOUSES 99-06-02 S SENT TO THE GOVERNOR 99-07-23 S GOVERNOR APPROVED 99-07-23 S EFFECTIVE DATE 99-07-23 99-07-23 S PUBLIC ACT.............................. 91-0261 END OF INQUIRY Full Text Bill Summary