House Sponsors: MURPHY-YOUNGE-TURNER,ART. Short description: EAST ST LOUIS DEVELOPMENT ACT Synopsis of Bill as introduced: Re-enacts the provisions of the East St. Louis Area Development Act as the East St. Louis Area Development Act of 2001. Also creates a demonstration enterprise zone in the East St. Louis area. Provides that the East St. Louis Area Development Authority shall exercise authority over the zone regarding specified matters. Provides for operation of the zone and for the creation of an Enterprise Zone Assistance Fund. Amends the State Finance Act to create the Enterprise Zone Assistance Fund. Effective immediately. FISCAL NOTE (East St. Louis Financial Advisory Authority) Estimated costs are as follows: Authority administrative and support costs First year $ 500,000 Second year 450,000 Third year 450,000 Long range comprehensive master plan First year $ 250,000 Second year -0- Third year 100,000 Neighborhood comprehensive redevelopment plan First year $ 150,000 Second year 150,000 Third year 150,000 Initial study First year $ 100,000 Second year -0- Third year -0- Enterprise zone assistance fund First year $2,000,000 Second year 2,000,000 Third year 2,000,000 HOUSE AMENDMENT NO. 1. Deletes reference to: 30 ILCS 105/5/5.545 new Deletes all provisions concerning the creation of a demonstration enterprise zone in the East St. Louis area. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0 END OF INQUIRY Full Text Bill Status