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MUNI CD-TIF EXTENSIONS

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Makes technical changes concerning the location of citations for the completion dates for redevelopment projects. Provides that the redevelopment projects in the TIF districts created by (i) an ordinance that was adopted on December 31, 1986 by the Village of Milan and (ii) an ordinance that was adopted on September 8, 1994 by the City of West Frankfort must be completed by December 31 of the 35th year (now, the 23rd year) after the year in which the ordinance was adopted. Effective immediately.

Latest Actions
  • 09/25/2008 - Public Act . . . . . . . . . 95-0964
  • 09/25/2008 - Effective Date September 23, 2008
  • 09/23/2008 - Motion Filed Override Governor Veto Rep. Patrick J Verschoore
  • 09/23/2008 - 3/5 Vote Required
  • 09/23/2008 - Override Governor Veto - House Passed 095-002-000

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Bill Text
File name Last Updated
SB2298 Bill Text Engrossed PDF04/02/2008
SB2298 Bill Text Introduced PDF02/14/2008