Bill Text: IL SB0540 | 2011-2012 | 97th General Assembly | Amended
Bill Title: Amends the Public Building Commission Act. Makes a technical change to a Section concerning the short title.
Spectrum: Slight Partisan Bill (Democrat 6-3)
Status: (Failed) 2013-01-08 - Session Sine Die [SB0540 Detail]
Download: Illinois-2011-SB0540-Amended.html
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1 | AMENDMENT TO SENATE BILL 540
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2 | AMENDMENT NO. ______. Amend Senate Bill 540, AS AMENDED, | ||||||
3 | with reference to page and line numbers of House Amendment No. | ||||||
4 | 3, on page 117, by replacing lines 10 through 18 with the | ||||||
5 | following:
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6 | " On and after January 1, 2012, revenues
used pursuant to | ||||||
7 | this subsection shall be used only for the
mutual benefit of | ||||||
8 | the redevelopment project area that the
revenues were received | ||||||
9 | from and the redevelopment project area
to which the revenues | ||||||
10 | were sent. A redevelopment project area that uses revenues | ||||||
11 | pursuant to this subsection for
reimbursement of private | ||||||
12 | developer costs may not transfer
revenues to another | ||||||
13 | redevelopment project area before repaying
the redevelopment | ||||||
14 | project area from which the revenues were
received. | ||||||
15 | Notwithstanding the above, in a municipality with a
population | ||||||
16 | of less than 25,000 inhabitants, public works or improvements | ||||||
17 | as
defined in paragraph (4) of subsection (q) of Section | ||||||
18 | 11-74.4-3
shall not be subject to this transfer prohibition. "; |
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1 | and
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2 | on page 146, by replacing lines 25 and 26 with the following: | ||||||
3 | " population of less than 25,000 inhabitants, public works or | ||||||
4 | improvements as defined in paragraph (4) of subsection (q) of | ||||||
5 | Section 11-74.4-3 ".
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