Bill Amendment: IL SB1415 | 2017-2018 | 100th General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: MUNI CD-TIF REDEVELOPMENT PLAN
Status: 2018-12-27 - Public Act . . . . . . . . . 100-1164 [SB1415 Detail]
Download: Illinois-2017-SB1415-House_Amendment_001.html
Bill Title: MUNI CD-TIF REDEVELOPMENT PLAN
Status: 2018-12-27 - Public Act . . . . . . . . . 100-1164 [SB1415 Detail]
Download: Illinois-2017-SB1415-House_Amendment_001.html
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1 | AMENDMENT TO SENATE BILL 1415
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2 | AMENDMENT NO. ______. Amend Senate Bill 1415, on page 37, | ||||||
3 | by replacing lines 5 through 17 with the following:
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4 | "(7) To the extent a the municipality with a population | ||||||
5 | of more than 1,000,000 by written agreement accepts and
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6 | approves
the same, all or a portion of a taxing district's | ||||||
7 | capital costs resulting
from the redevelopment project | ||||||
8 | necessarily incurred or to be incurred within a
taxing | ||||||
9 | district in
furtherance of the objectives of the | ||||||
10 | redevelopment plan and project; | ||||||
11 | (7.1) For units of local government within a | ||||||
12 | municipality
with a population of more than 1,000,000, all | ||||||
13 | or a portion
of a unit of local government's capital costs | ||||||
14 | resulting from the
redevelopment project reasonably | ||||||
15 | incurred or to be
incurred within a unit of local | ||||||
16 | government as a result of the
redevelopment plan and | ||||||
17 | project; | ||||||
18 | (7.2) For taxing districts other than as provided in |
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1 | paragraphs (7) and (7.1), all or a portion of a taxing | ||||||
2 | district's capital costs resulting
from the redevelopment | ||||||
3 | project reasonably incurred or to be incurred within a
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4 | taxing district as a result of the redevelopment plan and | ||||||
5 | project; ".
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