CLAYBORNE. (HOLBROOK-YOUNGE) 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 Illinois Municipal Code. Provides that the maturity date for tax increment financing obligations may not exceed 35 years if the municipality is subject to the Financially Distressed City Law. Authorizes, without further hearing or notice and without complying with the procedures provided in the Act pertaining to the amendment to or the initial approval of a redevelopment plan and project, the amendment of certain existing redevelopment plans to conform to the changes made by this amendatory Act of the 92nd General Assembly. Provides that if the redevelopment plan will not result in displace- ment of 10 or more (now, no lower limit) residents from inhabited units, a housing impact study need not be performed. SENATE AMENDMENT NO. 1. Further amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Removes language providing that if the redevelopment plan will not result in displacement of 10 or more (now, no lower limit) residents from inhabited units, a housing impact study need not be performed. SENATE AMENDMENT NO. 2. Further 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 January 23, 1991 by the City of East St. Louis. HOUSE AMENDMENT NO. 1. Removes a provision that authorizes, without further hearing or notice and without complying with the procedures provided in the Act pertaining to the amendment to or the initial approval of a redevelopment plan and project, the amendment of certain existing redevelopment plans to conform to the requirements that the plans establish an estimated date of completion of the project and retirement of obligations issued to finance project costs, which shall not be longer than 23 years (35 years in some instances) after the year in which the ordinance approving the project area is adopted. FEB-22-2001 S FIRST READING FEB-22-2001 S REFERRED TO SENATE RULES COMMITTEE RULES FEB-28-2001 S ASSIGNED TO COMMITTEE REVENUE MAR-08-2001 S TO SUBCOMMITTEE MAR-21-2001 S AMENDMENT NO. 01-REVENUE S MAR-21-2001 S ADOPTED MAR-22-2001 S DO PASS AS AMENDED 008-000-000 SREV MAR-22-2001 S PLACED ON CALENDAR ORDER OF 2ND READING 01-03-27 MAR-28-2001 S SECOND READING MAR-28-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-03-29 MAR-29-2001 S FILED WITH SECRETARY MAR-29-2001 S AMENDMENT NO. 02-CLAYBORNE MAR-29-2001 S AMENDMENT REFERRED TO SRUL MAR-30-2001 S AMENDMENT NO. 02-CLAYBORNE MAR-30-2001 S BE APPROVED FOR CONSIDERATION SRUL APR-03-2001 S RECALLED TO SECOND READING APR-03-2001 S AMENDMENT NO. 02-CLAYBORNE APR-03-2001 S ADOPTED APR-03-2001 S PLACED ON CALENDAR ORDER OF 3RD READING 01-04-04 APR-04-2001 S THIRD READING - PASSED 049-007-000 APR-04-2001 H ARRIVE IN HOUSE APR-04-2001 H HOUSE SPONSOR HOLBROOK APR-04-2001 H PLACED CALENDAR ORDER OF FIRST READING APR-05-2001 H FIRST READING APR-05-2001 H REFERRED TO HOUSE RULES COMMITTEE RULES APR-06-2001 H ASSIGNED TO COMMITTEE REVENUE APR-18-2001 H ADDED AS A JOINT SPONSOR YOUNGE MAY-03-2001 H AMENDMENT NO. 01-REVENUE H MAY-03-2001 H ADOPTED SUB MAY-03-2001 H DO PASS AMENDED/SHORT DEBATE 011-000-000 HREV MAY-03-2001 H PLACED CALENDAR 2ND READING-SHORT DEBATE MAY-08-2001 H SECOND READING-SHORT DEBATE MAY-08-2001 H PLCD CAL ORDER 3RD READING-SHORT DEBATE MAY-09-2001 H THIRD READING/SHORT DEBATE/PASSED 113-000-000 MAY-10-2001 S SECRETARYS DESK - CONCURRENCE 01 MAY-10-2001 S FILED WITH SECRETARY MAY-10-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/CLAYBOARNE MAY-10-2001 S MOTION REFERRED TO SRUL MAY-18-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/CLAYBORNE MAY-18-2001 S BE APPROVED FOR CONSIDERATION SRUL MAY-22-2001 S MOTION TO CONCUR - HOUSE AMENDMENT NO 01/CLAYBORNE MAY-22-2001 S SEN CONCURS IN HSE AMENDMENTS (NO.) 01/056-001-000 MAY-22-2001 S PASSED BOTH HOUSES JUN-20-2001 S SENT TO THE GOVERNOR AUG-16-2001 S GOVERNOR APPROVED AUG-16-2001 S EFFECTIVE DATE 02-01-01 AUG-16-2001 S PUBLIC ACT.............................. 92-0406 END OF INQUIRY Full Text Bill Summary