92nd General Assembly
Summary of HB2052
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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 



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