Senate Sponsors: SIEBEN-JACOBS. House Sponsors: MITCHELL,JERRY-BOLAND-LAWFER Short description: COUNTY ECON DEVELOPMENT Synopsis of Bill as introduced: Amends the County Economic Development Project Area Property Tax Allocation Act. Makes a technical change in the short title Section. SENATE AMENDMENT NO. 1. Deletes reference to: 55 ILCS 85/1 Adds reference to: 55 ILCS 85/4 from Ch. 34, par. 7004 55 ILCS 85/5 from Ch. 34, par. 7005 Deletes everything after the enacting clause. Amends the County Economic Development Project Area Property Tax Allocation Act. Provides that an economic development area may be established by the corporate authorities of Whiteside County (now, a county with more than 200,000 and less than 300,000 inhabitants and which is adjacent to the Mississippi River). Provides that any ordinance adopted that approves an economic development plan must contain findings that the economic development project is reasonably expected to create or retain not less than 500 (now, 1,000) full-time equivalent jobs and that private investment in an amount not less than $25,000,000 (now, $50,000,000) is reasonably expected to occur in the project area. Provides that the copy of the ordinance approving the economic development plan that is submitted to the Department of Commerce and Community Affairs must be accompanied by an analysis demonstrating these findings concerning job creation and investment in the project area. Requires the Department of Commerce and Community Affairs to submit a report to the General Assembly concerning the economic development projects on or before July 1, 2006 (now, 1994). Provides that the authority granted under the Act shall expire on July 1, 2008 (now, 1998). Effective immediately. SENATE AMENDMENT NO. 2. Provides that any ordinance adopted by the county approving an economic development plan shall also state that the economic development project area shall not include parcels to be used for purposes of residential development. Last action on Bill: PUBLIC ACT.............................. 92-0791 Last action date: AUG-06-2002 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2 END OF INQUIRY Full Text Bill Status