TIF-NOTICE-INTERGOV AGREEMENTS Senate SponsorsSen. Terry Link-Christine Radogno House Sponsors(Rep. Paul D. Froehlich-David E. Miller) 7/27/2010SenatePublic Act . . . . . . . . . 96-1335 65 ILCS 5/11-74.4-5from Ch. 24, par. 11-74.4-5Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that, for each redevelopment project area, municipalities must submit to (i) the State Comptroller and (ii) all taxing districts overlapping the redevelopment project area a list of (1) all intergovernmental agreements in effect during the fiscal year to which the municipality is a party and (2) an accounting of any moneys transferred or received by the municipality during that fiscal year pursuant to those intergovernmental agreements. Effective immediately.Senate Floor Amendment No. 1 Adds reference to:55 ILCS 90/72 new55 ILCS 90/74 newAmends the County Economic Development Project Area Tax Increment Allocation Act of 1991. Requires that no later than 10 years after the corporate authorities of a county adopt an ordinance to establish an economic development project area, the county must compile a status report concerning the economic development project area. Sets forth the requirements for the status report. Further amends the Illinois Municipal Code. Requires that no later than 10 years after the corporate authorities of a municipality adopt an ordinance to establish a redevelopment project area, the municipality must compile a status report concerning the redevelopment project area. Sets forth the requirements for the status report. Requires that a municipality submit in an electronic format specified information concerning redevelopment project areas to the State Comptroller and to all taxing districts overlapping the redevelopment project area. Provides that the State Comptroller must post on his or her official website specified information submitted by municipalities concerning redevelopment project areas. Makes other changes.Senate Floor Amendment No. 2 Deletes reference to:55 ILCS 90/72Adds reference to:55 ILCS 85/12 new55 ILCS 85/13 new65 ILCS 110/72 new65 ILCS 110/74 newReplaces everything after the enacting clause. Reinserts the introduced bill as amended by Senate Amendment No. 1 with changes. Amends the County Economic Development Project Area Property Tax Allocation Act. Requires that no later than 10 years after the corporate authorities of a county adopt an ordinance to establish an economic development project area, the county must compile a status report concerning the economic development project area. Sets forth the requirements for the status report. Provides that beginning in fiscal year 2011 and in each fiscal year thereafter, a county must detail in its annual budget (i) the amount of revenue generated from economic development project areas by source and (ii) the expenditures made by the county for economic development project areas. Amends the Economic Development Project Area Tax Increment Allocation Act of 1995. Requires that no later than 10 years after the corporate authorities of a municipality adopt an ordinance to establish an economic development project area, the municipality must compile a status report concerning the economic development project area. Sets forth the requirements for the status report. Provides that beginning in fiscal year 2011 and in each fiscal year thereafter, a municipality must detail in its annual budget (i) the revenues generated from economic development project areas by source and (ii) the expenditures made by the municipality for economic development project areas. Makes other changes. Effective immediately. 2/9/2010SenateFiled with Secretary by Sen. Terry Link 2/9/2010SenateFirst Reading 2/9/2010SenateReferred to Assignments 2/16/2010SenateAssigned to Revenue 2/23/2010SenateAdded as Chief Co-Sponsor Sen. Christine Radogno 2/24/2010SenateDo Pass Revenue; 010-000-000 2/24/2010SenatePlaced on Calendar Order of 2nd Reading February 25, 2010 3/11/2010SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Terry Link 3/11/2010SenateSenate Floor Amendment No. 1 Referred to Assignments 3/16/2010SenateSenate Floor Amendment No. 1 Assignments Refers to Revenue 3/16/2010SenateSenate Floor Amendment No. 1 Recommend Do Adopt Revenue; 006-000-000 3/18/2010SenateSecond Reading 3/18/2010SenateSenate Floor Amendment No. 1 Adopted; Link 3/18/2010SenatePlaced on Calendar Order of 3rd Reading March 23, 2010 3/19/2010SenateRule 2-10 Third Reading Deadline Established As March 26, 2010 3/23/2010SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Terry Link 3/23/2010SenateSenate Floor Amendment No. 2 Referred to Assignments 3/23/2010SenateSenate Floor Amendment No. 2 Be Approved for Consideration Assignments 3/24/2010SenateRecalled to Second Reading 3/24/2010SenateSenate Floor Amendment No. 2 Adopted; Link 3/24/2010SenatePlaced on Calendar Order of 3rd Reading 3/24/2010SenateThird Reading - Passed; 054-002-001 3/25/2010HouseArrived in House 3/25/2010HouseChief House Sponsor Rep. Paul D. Froehlich 3/25/2010HousePlaced on Calendar Order of First Reading 3/25/2010HouseFirst Reading 3/25/2010HouseReferred to Rules Committee 4/12/2010HouseAssigned to Revenue & Finance Committee 4/22/2010HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000 4/22/2010HouseRemains in Revenue & Finance Committee 4/23/2010HouseRule 19(a) / Re-referred to Rules Committee 4/27/2010HouseFinal Action Deadline Extended-9(b) May 7, 2010 4/27/2010HouseAssigned to Revenue & Finance Committee 4/29/2010HouseAdded Alternate Chief Co-Sponsor Rep. David E. Miller 5/3/2010HouseRecommends Do Pass Subcommittee/ Revenue & Finance Committee; 003-000-000 5/3/2010HouseRemains in Revenue & Finance Committee 5/3/2010HouseDo Pass / Short Debate Revenue & Finance Committee; 011-000-000 5/3/2010HousePlaced on Calendar 2nd Reading - Short Debate 5/3/2010HouseSecond Reading - Short Debate 5/3/2010HouseHeld on Calendar Order of Second Reading - Short Debate 5/4/2010HouseSecond Reading - Short Debate 5/4/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/4/2010HouseThird Reading - Short Debate - Passed 117-000-000 5/4/2010SenatePassed Both Houses 6/2/2010SenateSent to the Governor 7/27/2010SenateGovernor Approved 7/27/2010SenateEffective Date July 27, 2010 7/27/2010SenatePublic Act . . . . . . . . . 96-1335