Senate Sponsors: JACOBS. Short description: MUNI CD-TIF-BOND RETIREMENT Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status