JACOBS. 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 municipality borders on the Mississippi River with a population in excess of 25,000 and is undertaking a redevelopment project that is at or adjacent to the Mississippi River. Effective immediately. 00-02-02 S FIRST READING 00-02-02 S REFERRED TO SENATE RULES COMMITTEE RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary