Bill Sponsor
Illinois Senate Bill 696
Session 103rd
Local Government-Tech
Became Law
Became Law
Became Law on Dec 8, 2023
Sponsors
Democrat
Omar Aquino
Democrat
Hoan Huynh
First Action
Feb 2, 2023
Latest Action
Dec 8, 2023
Origin Chamber
Senate
Type
Bill
Bill Number
696
State
Illinois
Session
103rd
Sponsorship by Party
Democrat
Primary
Democrat
Primary
Democrat
Cosponsor
Democrat
Cosponsor
Republican
Cosponsor
Senate Votes (0)
Senate votes are unavailable for this bill.
Summary
Amends the Local Volunteer Board Member Removal Act. Makes a technical change in a Section concerning the short title. Senate Floor Amendment No. 2 Deletes reference to: 50 ILCS 60/1 Adds reference to: 65 ILCS 5/11-74.4-3.5 Replaces everything after the enacting clause. Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated dates of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs for various ordinances adopted by the Village of Bourbonnais, City of Geneva, Village of Downers Grove, City of Chicago, and Village of Fox River Grove. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after the adoption of the ordinance of March 30, 1992 by the Village of Ohio. Requires adoption of an ordinance by the Village of Ohio extending the completion date of the redevelopment project area to 47 years and providing notice to the taxing bodies that would otherwise constitute the joint review board. Effective immediately. House Floor Amendment No. 3 Creates tax increment allocation financing extensions to the 47th year (currently, the 35th year) for various ordinances adopted by the Village of Crete if the Village adopts specified ordinances and provide notice to the taxing bodies that would otherwise constitute the joint review board of each redevelopment project area.
Text (8)
Sources
Record Created
Feb 8, 2023 3:08:37 AM
Record Updated
Apr 12, 2024 4:22:19 AM