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 Bill Status of HB0729  100th General Assembly


Short Description:  LOCAL GOV STABILIZATION ACT

House Sponsors
Rep. Thaddeus Jones

Last Action
DateChamber Action
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Local Government Stabilization Authority Act. Authorizes the corporate authorities of Bloom Township, Bremen Township, Calumet Township, Rich Township, and Thornton Township in Cook County to establish, by ordinance, a Local Government Stabilization Authority that shall use available funds to facilitate the return of vacant, abandoned, and tax-delinquent properties to productive use, combatting community deterioration, and creating economic growth. Provides definitions. Sets forth procedure regarding the creation of an Authority and funding sources. Further provides for the following: (1) an Authority's tax-exempt status; (2) the appointment of the Board of Directors and Chairperson, their terms of office, their removal, and vacancies; (3) the responsibilities and powers of the Board of Directors; and (4) an Executive Director to administer an Authority on a day-to-day basis. Sets forth the powers of an Authority to implement the purpose of the Act, including the authority to borrow money, enter into partnerships and joint ventures, and contract for goods and services. Permits an Authority to acquire, hold, manage, and dispose of real property. Requires an Authority to prepare an annual budget and provide annual financial statements and reports to the corporate authorities. Permits the corporate authorities to dissolve an Authority and provides requirements regarding the transfer of an Authority's debts, liabilities, and obligations. Effective immediately.

Actions 
DateChamber Action
  1/25/2017HouseFiled with the Clerk by Rep. Thaddeus Jones
  1/27/2017HouseFirst Reading
  1/27/2017HouseReferred to Rules Committee
  2/8/2017HouseAssigned to Cities & Villages Committee
  2/22/2017HouseMotion Do Pass - Lost Cities & Villages Committee; 007-006-000
  2/22/2017HouseRemains in Cities & Villages Committee
  3/31/2017HouseRule 19(a) / Re-referred to Rules Committee

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