92nd General Assembly
Summary of SB1608
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Short description: 
MUNI CODE-TIF DISTRICT-TECH                                                

Synopsis of Bill as introduced:
        Amends the Tax  Increment  Allocation  Redeveloment  Act  in  the      
   Illinois  Municipal  Code.   Makes  a  technical  change  in a Section      
   concerning the issuance of obligations to  provide  for  redevelopment      
   project costs.                                                              
        SENATE AMENDMENT NO. 1.                                                
          Adds reference to:                                                   
          65 ILCS 5/11-74.4-3             from Ch. 24, par. 11-74.4-3          
        Deletes everything after the  enacting  clause.  Amends  the  Tax      
   Increment Allocation Redevelopment Act in the Illinois Municipal Code.      
   Provides that the redevelopment project in the TIF District created by      
   an ordinance adopted on September 6, 1994 by the City of Freeport must      
   be  completed  by  December  31  of the 35th year (now, the 23rd year)      
   after  the  year  in  which  the  ordinance  was  adopted.   Effective      
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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