Bill Text: IL SB1990 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that annual revenues in excess of the budget for a redevelopment project area must be returned to the affected taxing districts. Provides that all redevelopment project areas must be approved by a majority vote of each county board and the governing authorities of the other taxing districts with boundaries that overlap the proposed redevelopment project area. Requires a municipality to create a citizen review panel for any redevelopment project area created by a municipality. Provides that a municipality must seek the advice of the citizen review panel concerning the budget and goals for redevelopment project areas.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2009-03-13 - Rule 3-9(a) / Re-referred to Assignments [SB1990 Detail]
Download: Illinois-2009-SB1990-Introduced.html
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1 | AN ACT concerning local government.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The Illinois Municipal Code is amended by adding | ||||||||||||||||||||||||||||
5 | Sections 11-74.4-10.2, 11-74.4-10.5, and 11-74.4-10.7 as | ||||||||||||||||||||||||||||
6 | follows:
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7 | (65 ILCS 5/11-74.4-10.2 new)
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8 | Sec. 11-74.4-10.2. Excess revenue. After the effective | ||||||||||||||||||||||||||||
9 | date of this amendatory Act of the 96th General Assembly, | ||||||||||||||||||||||||||||
10 | annual revenues in excess of the budget for a redevelopment | ||||||||||||||||||||||||||||
11 | project area must be returned to the affected taxing districts | ||||||||||||||||||||||||||||
12 | on an annual or other agreed to basis.
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13 | (65 ILCS 5/11-74.4-10.5 new)
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14 | Sec. 11-74.4-10.5. County board approval. After the | ||||||||||||||||||||||||||||
15 | effective date of this amendatory Act of the 96th General | ||||||||||||||||||||||||||||
16 | Assembly, all redevelopment project areas must be approved by a | ||||||||||||||||||||||||||||
17 | majority vote of each county board and the governing | ||||||||||||||||||||||||||||
18 | authorities of the other taxing districts with boundaries that | ||||||||||||||||||||||||||||
19 | overlap the proposed redevelopment project area.
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20 | (65 ILCS 5/11-74.4-10.7 new)
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21 | Sec. 11-74.4-10.7. Citizen review panel. After the |
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1 | effective date of this amendatory Act of the 96th General | ||||||
2 | Assembly, a municipality must create a citizen review panel for | ||||||
3 | any redevelopment project area created by the municipality. | ||||||
4 | Each citizen review panel shall be composed of volunteer | ||||||
5 | members who are broadly representative of the community. | ||||||
6 | Citizen review panels shall make recommendations to the | ||||||
7 | municipality concerning the goals and budget of the | ||||||
8 | redevelopment project area. A municipality must seek the advice | ||||||
9 | of the citizen review panel for a redevelopment project area | ||||||
10 | concerning the budget and goals for the respective | ||||||
11 | redevelopment project area at least once every 3 months.
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