Illinois General Assembly - Bill Status for HB5687

Synopsis As Introduced
Amends the Illinois Municipal Code. Creates a Section in the Tax Increment Allocation Redevelopment Act concerning redevelopment projects within a transit facility improvement area. Provides that an ordinance approving a transit facility improvement area redevelopment project expires the 50th calendar year after the date approving the ordinance was adopted. Sets forth percentages of taxes to be allocated toward transit facility improvement area redevelopment projects. Defines required terms.

Actions

Date	Chamber	Action
2/14/2014	House	Filed with the Clerk by Rep. Elaine Nekritz
2/14/2014	House	First Reading
2/14/2014	House	Referred to Rules Committee
12/3/2014	House	Session Sine Die

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