Illinois General Assembly - Bill Status for HB5349
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 Bill Status of HB5349  98th General Assembly

Short Description:  FINANCE-MUNICIPAL FUNDS

House Sponsors
Rep. Thaddeus Jones

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
15 ILCS 505/20 new
30 ILCS 105/34.5 new


Synopsis As Introduced
Amends the State Finance Act. Requires the mayor or village president of each municipality to submit a 3-year economic development and housing stabilization plan for the municipality to the municipality's city council or village board for approval. Provides that after receiving such approval, the mayor or village president shall submit the plan to the Director of Commerce and Economic Opportunity for certification. Prohibits the State Treasurer from distributing any funds to a municipality until receipt of the certification. Makes conforming changes in the State Treasurer Act.

Actions 
DateChamber Action
  2/10/2014HouseFiled with the Clerk by Rep. Thaddeus Jones
  2/10/2014HouseFirst Reading
  2/10/2014HouseReferred to Rules Committee
  12/3/2014HouseSession Sine Die

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