91st General Assembly
Summary of SB1451
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Senate Sponsors:
RADOGNO.

House Sponsors:
SOMMER

Short description: 
MUNI CD-TIF-REPORTS                                                        

Synopsis of Bill as introduced:
        Amends  the  Illinois  Municipal  Code.   Provides  that  certain      
   reports filed with the Comptroller under the Industrial Jobs  Recovery      
   Law  must  be  separate  from  any  other  annual  report  filed  by a      
   municipality with the Comptroller.  Requires the Comptroller to create      
   a format for the information included in those reports filed under the      
   Industrial Jobs Recovery Law.  Effective immediately.                       
        HOUSE AMENDMENT NO. 1.                                                 
          Adds reference to:                                                   
          65 ILCS 5/11-74.4-5             from Ch. 24, par. 11-74.4-5          
        Further amends the Illinois Municipal Code. Provides that certain      
   audits under the Tax Increment Allocation Redevelopment  Act  and  the      
   Industrial  Jobs  Recovery  Law  must  be conducted in accordance with      
   Standards  for  Audits  of   Governmental   Organizations,   Programs,      
   Activities,  and  Functions  adopted by the Comptroller General of the      
   United States or the contents of the Illinois Municipal  Auditing  Law      
   (now,  those audits must be conducted in accordance with Standards for      
   Audits  of  Governmental  Organizations,  Programs,  Activities,   and      
   Functions adopted by the Comptroller General of the United States).         
        HOUSE AMENDMENT NO. 2.                                                 
        Further amends the Illinois Municipal Code in the  Tax  Increment      
   Allocation  Redevelopment  Act  and  the Industrial Jobs Recovery Law.      
   Provides that the financial portion of certain audits may be conducted      
   in accordance with the standards (instead of contents) of the Illinois      
   Municipal Auditing Law.                                                     
 
Last action on Bill: PUBLIC ACT.............................. 91-0900

   Last action date: 00-07-06

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   2     SENATE -   0


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