TIF-BUDGET-CITIZEN REVIEW Senate SponsorsSen. Michael Noland 1/12/2011SenateSession Sine Die 65 ILCS 5/11-74.4-10.2 new65 ILCS 5/11-74.4-10.5 new65 ILCS 5/11-74.4-10.7 newAmends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that annual revenues in excess of the budget for a redevelopment project area must be returned to the affected taxing districts. Provides that all redevelopment project areas must be approved by a majority vote of each county board and the governing authorities of the other taxing districts with boundaries that overlap the proposed redevelopment project area. Requires a municipality to create a citizen review panel for any redevelopment project area created by a municipality. Provides that a municipality must seek the advice of the citizen review panel concerning the budget and goals for redevelopment project areas. 2/20/2009SenateFiled with Secretary by Sen. Michael Noland 2/20/2009SenateFirst Reading 2/20/2009SenateReferred to Assignments 3/4/2009SenateAssigned to Revenue 3/12/2009SenateTo Revenue Subcommittee on Property Taxes 3/13/2009SenateRule 3-9(a) / Re-referred to Assignments 1/12/2011SenateSession Sine Die