Bill Title: Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that the redevelopment project in the TIF district created by an ordinance that was adopted on September 9, 1999 by the Village of Downs must be completed by December 31 of the 35th year (now, the 23rd year) after the year in which the ordinance was adopted. Makes revisory changes. Contains a non-acceleration clause. Effective immediately.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2009-08-25 - Public Act . . . . . . . . . 96-0722 [SB1553 Detail]

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Bill Drafts

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Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB1553

Supplemental Documents

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No supplemental documents for Illinois SB1553 currently on file.

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