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

Rep. Kathleen Willis

Filed: 5/23/2017

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1
AMENDMENT TO SENATE BILL 1415
2 AMENDMENT NO. ______. Amend Senate Bill 1415, on page 37,
3by replacing lines 5 through 17 with the following:
4 "(7) To the extent a the municipality with a population
5 of more than 1,000,000 by written agreement accepts and
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

10000SB1415ham001- 2 -LRB100 08720 AMC 26848 a
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
4 taxing district as a result of the redevelopment plan and
5 project;".
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