Illinois General Assembly - Bill Status for HB0304
Illinois General Assembly

Previous General Assemblies

 Bill Status of HB0304  101st General Assembly

Short Description:  MUNI CD-TIF BONDS

House Sponsors
Rep. David McSweeney - Allen Skillicorn

Last Action
DateChamber Action
  1/13/2021HouseSession Sine Die

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-7from Ch. 24, par. 11-74.4-7

Synopsis As Introduced
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that all obligations issued by a non-home rule municipality in connection with the Tax Increment Allocation Redevelopment Act (instead of TIF obligations secured by the full faith and credit of the municipality) are subject to a backdoor referendum. Provides that a petition calling for a referendum on the issuance of those bonds shall be filed within 45 (instead of 30) days after the publication of the ordinance. Makes changes concerning the signature requirement for those petitions. Effective immediately.

DateChamber Action
  1/10/2019HouseFiled with the Clerk by Rep. David McSweeney
  1/10/2019HouseFirst Reading
  1/10/2019HouseReferred to Rules Committee
  1/30/2019HouseAdded Chief Co-Sponsor Rep. Allen Skillicorn
  2/5/2019HouseAssigned to Revenue & Finance Committee
  2/14/2019HouseTo Property Tax Subcommittee
  3/29/2019HouseRule 19(a) / Re-referred to Rules Committee
  1/13/2021HouseSession Sine Die

Back To Top