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90_SB0041
65 ILCS 5/11-74.4-10.5 new
Amends the Tax Increment Allocation Redevelopment Act in
the Illinois Municipal Code. Provides that a municipality
may no longer approve redevelopment plans or redevelopment
projects, designate redevelopment project areas, alter the
exterior boundaries of a redevelopment project area, affect
the general land uses established under a redevelopment plan,
or change the nature of a redevelopment project. States that
the purposes are to stop any new plans and projects and to
forbid the expansion of any existing plans or projects.
Effective immediately.
LRB9001081KRks
LRB9001081KRks
1 AN ACT to amend the Illinois Municipal Code by adding
2 Section 11-74.4-10.5.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Municipal Code is amended by
6 adding Section 11-74.4-10.5 as follows:
7 (65 ILCS 5/11-74.4-10.5 new)
8 Sec. 11-74.4-10.5. Limitation on powers. On and after
9 the effective date of this amendatory Act of 1997, no
10 municipality may approve redevelopment plans or redevelopment
11 projects, designate redevelopment project areas, alter the
12 exterior boundaries of a redevelopment project area, affect
13 the general land uses established under a redevelopment plan,
14 or change the nature of a redevelopment project. The
15 purposes of this Section are to stop any new plans and
16 projects and to forbid the expansion of any existing plans or
17 projects.
18 Section 99. Effective date. This Act takes effect upon
19 becoming law.