91st General Assembly
Status of SB0039
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MADIGAN,R.

(TURNER,JOHN)

   65 ILCS 5/11-74.4-3       from Ch. 24, par. 11-74.4-3                       
   65 ILCS 5/11-74.4-7       from Ch. 24, par. 11-74.4-7                       

        Amends the Tax Increment  Allocation  Redevelopment  Act  in  the      
   Illinois  Municipal  Code.   Provides  that  the maturity date for tax      
   increment financing  obligations  may  not  exceed  35  years  if  the      
   ordinance  approving the redevelopment project was adopted on or after      
   December 21, 1986, but before January 1,  1987.    Provides  that  the      
   municipality  may extend the life of the redevelopment project area to      
   35 years after notice to the taxing districts represented on the joint      
   review board.  Effective immediately.                                       
        SENATE AMENDMENT NO. 1.                                                
        Replaces the amendatory provisions to provide that  the  maturity      
   date  for  tax increment financing obligations may not exceed 35 years      
   if the ordinance was adopted before January 1, 1987 by a  municipality      
   in Mason County.                                                            
   99-01-27  S  FIRST READING                                                  
   99-01-27  S  REFERRED TO SENATE RULES COMMITTEE       RULES                 
   99-01-27  S       ASSIGNED TO COMMITTEE               REVENUE               
   99-02-18  S                                 POSTPONED                       
   99-02-26  S                                 POSTPONED                       
   99-03-04  S                             AMENDMENT NO. 01-REVENUE       S    
   99-03-04  S                                   ADOPTED                       
   99-03-04  S       DO PASS AS AMENDED                  008-001-001   SREV    
   99-03-04  S  PLACED ON CALENDAR ORDER OF 2ND READING  99-03-09              
   99-03-09  S  SECOND READING                                                 
   99-03-09  S  PLACED ON CALENDAR ORDER OF 3RD READING  99-03-10              
   99-03-18  S  THIRD READING - PASSED                   057-001-000           
   99-03-18  H  ARRIVE IN HOUSE                                                
   99-03-18  H  PLACED CALENDAR ORDER OF FIRST READING                         
   99-03-22  H  HOUSE SPONSOR                            TURNER,JOHN           
   99-03-23  H  FIRST READING                                                  
   99-03-23  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   99-04-14  H       ASSIGNED TO COMMITTEE               URBAN REVITAL         
   99-04-22  H  DO PASS/SHORT DEBATE                     009-002-000   HURB    
   99-04-22  H  PLACED CALENDAR 2ND READING-SHORT DEBATE                       
   99-04-28  H  SECOND READING-SHORT DEBATE                                    
   99-04-28  H  PLCD CAL ORDER 3RD READING-SHORT DEBATE                        
   99-05-04  H  THIRD READING/SHORT DEBATE/PASSED        114-000-000           
   99-05-04  S  PASSED BOTH HOUSES                                             
   99-06-02  S  SENT TO THE GOVERNOR                                           
   99-07-23  S  GOVERNOR APPROVED                                              
   99-07-23  S                            EFFECTIVE DATE 99-07-23              
   99-07-23  S  PUBLIC ACT.............................. 91-0261               

   END OF INQUIRY 



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