URBAN DEVELOPMENT AUTH ACT House SponsorsRep. David E. Miller-William Davis-Al Riley and Lou Lang Senate Sponsors(Sen. James T. Meeks-Don Harmon-Kwame Raoul-Jacqueline Y. Collins-Rickey R. Hendon) 8/11/2009HousePublic Act . . . . . . . . . 96-0234 New Act20 ILCS 3501/825-13.5 new Creates the Illinois Urban Development Authority Act. Creates the Illinois Urban Development Authority. Provides that the Authority shall be governed by an 11-member board. Requires the Authority to make annual reports to certain entities. Sets forth the duties and powers of the Authority. Sets forth the procedures by which the Authority may issue bonds to specified entities. Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority shall supervise the bond issuance of the Illinois Urban Development Authority. Contains other provisions.House Floor Amendment No. 1 Requires that the members of the Authority appointed by the Mayor of the City of Chicago and the President of the Cook County Board must have expertise, skill, and experience in economic development. Provides that no member of the Authority or other specified persons shall hold an ownership interest (now, interest of more than 7.5%) in any person, association, trust, or other entity which is, in its own name or in the name of a nominee, a party to a contract or agreement upon which the member or other specified person may be called upon to act or vote.House Floor Amendment No. 2 Requires that not less than 30 days prior to the commitment to issue bonds, notes, or other evidences of indebtedness for specified housing or residential projects, the Authority shall provide notice to the Executive Director of the Illinois Housing Development Authority. Provides that the Illinois Housing Development Authority shall, in writing, either express interest in financing the project or notify the Authority that it is not interested. 1/20/2009HouseFiled with the Clerk by Rep. David E. Miller 1/23/2009HouseFirst Reading 1/23/2009HouseReferred to Rules Committee 2/4/2009HouseAssigned to International Trade & Commerce Committee 2/5/2009HouseAdded Co-Sponsor Rep. Lou Lang 2/19/2009HouseDo Pass / Short Debate International Trade & Commerce Committee; 011-000-000 2/20/2009HousePlaced on Calendar 2nd Reading - Short Debate 2/24/2009HouseAdded Chief Co-Sponsor Rep. William Davis 2/24/2009HouseAdded Chief Co-Sponsor Rep. Al Riley 2/24/2009HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. David E. Miller 2/24/2009HouseHouse Floor Amendment No. 1 Referred to Rules Committee 3/10/2009HouseHouse Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000 3/17/2009HouseSecond Reading - Short Debate 3/17/2009HouseHouse Floor Amendment No. 1 Adopted by Voice Vote 3/17/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/24/2009HouseRecalled to Second Reading - Short Debate 3/24/2009HouseHeld on Calendar Order of Second Reading - Short Debate 3/24/2009HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. David E. Miller 3/24/2009HouseHouse Floor Amendment No. 2 Referred to Rules Committee 3/26/2009HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 005-000-000 4/1/2009HouseHouse Floor Amendment No. 2 Adopted by Voice Vote 4/1/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/2/2009HouseThird Reading - Short Debate - Passed 117-000-000 4/2/2009SenateArrive in Senate 4/2/2009SenatePlaced on Calendar Order of First Reading April 21, 2009 4/14/2009SenateChief Senate Sponsor Sen. John J. Cullerton 4/14/2009SenateAdded as Alternate Chief Co-Sponsor Sen. Don Harmon 4/15/2009SenateFirst Reading 4/15/2009SenateReferred to Assignments 4/22/2009SenateAssigned to Commerce 4/22/2009SenateAlternate Chief Sponsor Changed to Sen. James T. Meeks 4/30/2009SenateDo Pass Commerce; 009-000-000 4/30/2009SenatePlaced on Calendar Order of 2nd Reading May 5, 2009 5/14/2009SenateSecond Reading 5/14/2009SenatePlaced on Calendar Order of 3rd Reading May 15, 2009 5/15/2009SenateAdded as Alternate Chief Co-Sponsor Sen. Kwame Raoul 5/15/2009SenateAdded as Alternate Chief Co-Sponsor Sen. Jacqueline Y. Collins 5/15/2009SenateAdded as Alternate Chief Co-Sponsor Sen. Rickey R. Hendon 5/15/2009SenateThird Reading - Passed; 047-000-000 5/15/2009HousePassed Both Houses 6/12/2009HouseSent to the Governor 8/11/2009HouseGovernor Approved 8/11/2009HouseEffective Date January 1, 2010 8/11/2009HousePublic Act . . . . . . . . . 96-0234