92nd General Assembly
Summary of SB1650
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Senate Sponsors:
JACOBS-LIGHTFORD.

House Sponsors:
BRUNSVOLD-REITZ-HOLBROOK

Short description: 
MUNICIPAL VALIDATION LAW                                                   

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 December 23, 1986 by the City of Sparta must      
   be completed by December 31 of the 35th  year  (now,  the  23rd  year)      
   after   the  year  in  which  the  ordinance  was  adopted.  Effective      
   immediately.                                                                
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          65 ILCS 5/11-74.4-4.1                                                
          65 ILCS 5/11-74.4-5             from Ch. 24, par. 11-74.4-5          
        Deletes everything after the  enacting  clause.  Amends  the  Tax      
   Increment Allocation Redevelopment Act in the Illinois Municipal Code.      
   Provides   that   if   the  redevelopment  plan  will  not  result  in      
   displacement of residents from 10 or more inhabited residential  units      
   (now, if the redevelopment plan will not result in the displacement of      
   10  or  more  residents  from  inhabited  units), and the municipality      
   certifies in the plan that such displacement will not result from  the      
   plan,  a  housing impact study need not be performed. Provides that if      
   the redevelopment plan will not result in  displacement  of  residents      
   from 10 or more inhabited residential units (now, if the redevelopment      
   plan  will not result in the displacement of 10 or more residents from      
   inhabited units), and the municipality certifies in the plan that such      
   displacement will not result from  the  plan,  then  a  resolution  or      
   ordinance  providing  for  a  feasibility  study  need not be adopted.      
   Provides that in a municipality in which a redevelopment project  area      
   is  proposed the municipality shall provide notice of the availability      
   of the proposed redevelopment  plan  and  eligibility  report  to  all      
   residential  addresses  located  outside  the  proposed  redevelopment      
   project  area  and  within  750 feet of the boundaries of the proposed      
   redevelopment project area  (now,  located  within  750  feet  of  the      
   boundaries  of the proposed redevelopment project area). Provides that      
   the redevelopment project in the TIF District created by an  ordinance      
   adopted  on  (i) December 22, 1986 by the City of Aledo, (ii) February      
   5, 1990 by the City of Clinton, (iii) September 6, 1994 by the City of      
   Freeport, (iv) December 22, 1986 by the City of Tuscola, (v)  December      
   23,  1986 by the City of Sparta, (vi) December 23, 1986 by the City of      
   Beardstown, and (vii) April 27, 1981, October 21, 1985,  and  December      
   30, 1986 by the City of Belleville must be completed by December 31 of      
   the  35th  year  (now,  the  23rd  year)  after  the year in which the      
   ordinance was adopted. Makes other changes.  Effective immediately.         
        HOUSE AMENDMENT NO. 2.                                                 
          Deletes reference to:                                                
          65 ILCS 5/11-74.4-3                                                  
          65 ILCS 5/11-74.4-4.1                                                
          65 ILCS 5/11-74.4-5                                                  
          65 ILCS 5/11-74.4-7                                                  
          Adds reference to:                                                   
          New Act                                                              
        Deletes everything after the enacting clause. Creates the              
   Municipal Validation Law of 2002. Provides that all actions taken           
   before the effective date of the Law by any municipality pursuant           
   to the Tax Increment Allocation Redevelopment Act for purposes of           
   approving a redevelopment plan and redevelopment project, designating       
   a redevelopment project area, and adopting tax increment allocation         
   financing are valid actions in full force and effect as of the date of      
   adoption of the ordinance of the municipality approving the                 
   redevelopment plan and project, notwithstanding that an ordinance           
   designating the redevelopment project area was not adopted on that          
   date and an ordinance adopting tax increment allocation financing was       
   not adopted on that date, provided that, no later than 180 days after       
   the effective date of the Law, the municipality adopts such                 
   ordinances. Validates all actions taken before the effective date of        
   the Law with respect to a public question authorizing the issuance of       
   general obligation bonds of a municipality that was submitted to and        
   approved by the electors on March 19, 2002 and all bonds issued or to       
   be issued by that municipality pursuant to that approval,                   
   notwithstanding that the notice of election and the form of public          
   question did not conform to the requirements of applicable law,             
   provided that the notice of election and the public question did set        
   forth the principal amount of the bonds and the capital improvements        
   to be financed by the bonds and that no bond issued by virtue of the        
   approval of the public question shall bear interest at a rate               
   exceeding 7% per annum. Effective immediately.                              
        HOUSE AMENDMENT NO. 4.                                                 
          Adds reference to:                                                   
          35 ILCS 200/18-92 new                                                
          35 ILCS 200/18-101.47 new                                            
          35 ILCS 200/18-197 new                                               
        Creates the Maywood Public Library District Tax  Levy  Validation      
   (2002)  Law. Validates the 2001 tax levy ordinance and supplemental or      
   deficiency tax levy ordinance adopted in 2002 and the taxes  assessed,      
   levied, and extended thereon by the Maywood Public Library District if      
   it  meets  certain  criteria.  Provides  that  no  2001  tax  levy  or      
   supplemental  or  deficiency levy, however, is validated to the extent      
   it would have exceeded the maximum  amount  the  district  could  have      
   levied under the Property Tax Extension Limitation Law if the tax levy      
   ordinance  or  supplemental  or  deficiency  levy  ordinance  had been      
   adopted and filed in due time in calendar year 2001. Validates the use      
   for normal operating expenses by the district of any tax  revenue  for      
   the  calendar  year  2001  intended  for  the payment of principal and      
   interest on outstanding  bonds,  and  validates  the  use  of  revenue      
   generated from tax anticipation warrants to make bond payments. Amends      
   the  Property  Tax  Code  to  provide  that the Property Tax Extension      
   Limitation Law, the Truth in Taxation Law, and the Cook  County  Truth      
   in Taxation Law are subject to the Maywood Public Library District Tax      
   Levy Validation (2002) Law.                                                 
 
Last action on Bill: PUBLIC ACT.............................. 92-0884

   Last action date: JAN-13-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   3     SENATE -   1


   END OF INQUIRY 
                                                                               



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