SB1990 96TH GENERAL ASSEMBLY

LRB096 09365 RLJ 19522 b

96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
SB1990

Introduced 2/20/2009, by Sen. Michael Noland

SYNOPSIS AS INTRODUCED:

65 ILCS 5/11-74.4-10.2 new
65 ILCS 5/11-74.4-10.5 new
65 ILCS 5/11-74.4-10.7 new

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that annual revenues in excess of the budget for a redevelopment project area must be returned to the affected taxing districts. Provides that all redevelopment project areas must be approved by a majority vote of each county board and the governing authorities of the other taxing districts with boundaries that overlap the proposed redevelopment project area. Requires a municipality to create a citizen review panel for any redevelopment project area created by a municipality. Provides that a municipality must seek the advice of the citizen review panel concerning the budget and goals for redevelopment project areas.

FISCAL NOTE ACT MAY APPLY

HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

A BILL FOR

AN ACT concerning local government.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Illinois Municipal Code is amended by adding Sections 11-74.4-10.2, 11-74.4-10.5, and 11-74.4-10.7 as follows:

(65 ILCS 5/11-74.4-10.2 new)

Sec. 11-74.4-10.2. Excess revenue. After the effective date of this amendatory Act of the 96th General Assembly, annual revenues in excess of the budget for a redevelopment project area must be returned to the affected taxing districts on an annual or other agreed to basis.

(65 ILCS 5/11-74.4-10.5 new)

Sec. 11-74.4-10.5. County board approval. After the effective date of this amendatory Act of the 96th General Assembly, all redevelopment project areas must be approved by a majority vote of each county board and the governing authorities of the other taxing districts with boundaries that overlap the proposed redevelopment project area.

(65 ILCS 5/11-74.4-10.7 new)

Sec. 11-74.4-10.7. Citizen review panel. After the effective date of this amendatory Act of the 96th General Assembly, a municipality must create a citizen review panel for any redevelopment project area created by the municipality. Each citizen review panel shall be composed of volunteer members who are broadly representative of the community. Citizen review panels shall make recommendations to the municipality concerning the goals and budget of the redevelopment project area. A municipality must seek the advice of the citizen review panel for a redevelopment project area concerning the budget and goals for the respective redevelopment project area at least once every 3 months.