Bill Status of HB4386 101st General Assembly
Short Description: BROWNFIELDS REDEVELOPMENT
Rep. William Davis
| 1/13/2021||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Brownfields Redevelopment and Intermodal Promotion Act. Provides that moneys in the South Suburban Brownfields Redevelopment Fund shall be held to fund eligible projects through fiscal year 2031 (currently 2021). Provides that the life span of the South Suburban Brownfields Redevelopment Fund may be extended past 2036 (currently, 2026). Provides that the total amount of tax increment to be transferred to the South Suburban Brownfields Redevelopment Fund may not exceed $4,000,000 in any fiscal year (currently, $3,000,000).