92nd General Assembly
Summary of SB2227
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Senate Sponsors:
SIEBEN-JACOBS.

House Sponsors:
MITCHELL,JERRY-BOLAND-LAWFER

Short description: 
COUNTY ECON DEVELOPMENT                                                    

Synopsis of Bill as introduced:
        Amends the County Economic Development Project Area Property  Tax      
   Allocation Act.  Makes a technical change in the short title Section.       
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          55 ILCS 85/1                                                         
          Adds reference to:                                                   
          55 ILCS 85/4                    from Ch. 34, par. 7004               
          55 ILCS 85/5                    from Ch. 34, par. 7005               
        Deletes everything after the enacting clause.  Amends the  County      
   Economic   Development  Project  Area  Property  Tax  Allocation  Act.      
   Provides that an economic development area may be established  by  the      
   corporate  authorities  of  Whiteside  County (now, a county with more      
   than 200,000 and less than 300,000 inhabitants and which  is  adjacent      
   to  the  Mississippi  River). Provides that any ordinance adopted that      
   approves an economic development plan must contain findings  that  the      
   economic  development  project  is  reasonably  expected  to create or      
   retain not less than 500 (now, 1,000) full-time  equivalent  jobs  and      
   that  private  investment in an amount not less than $25,000,000 (now,      
   $50,000,000) is reasonably expected to  occur  in  the  project  area.      
   Provides  that  the  copy  of  the  ordinance  approving  the economic      
   development plan that is submitted to the Department of  Commerce  and      
   Community  Affairs  must  be  accompanied by an analysis demonstrating      
   these findings concerning job creation and investment in  the  project      
   area.   Requires  the  Department of Commerce and Community Affairs to      
   submit a report  to  the  General  Assembly  concerning  the  economic      
   development  projects  on or before July 1, 2006 (now, 1994). Provides      
   that the authority granted under the Act shall expire on July 1,  2008      
   (now, 1998). Effective immediately.                                         
        SENATE AMENDMENT NO. 2.                                                
        Provides that any  ordinance adopted by the county  approving  an      
   economic   development   plan  shall  also  state  that  the  economic      
   development project area shall not include  parcels  to  be  used  for      
   purposes of residential development.                                        
 
Last action on Bill: PUBLIC ACT.............................. 92-0791

   Last action date: AUG-06-2002

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   2


   END OF INQUIRY 



 Full Text  Bill Status