IL HB1216 | 2023-2024 | 103rd General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Summary

Creates the Metro East Development Act. Sets forth legislative findings concerning the need for a Metro East Development Authority. Provides for creation of the Authority. Allows the Authority to hire an executive director. Lists the rights, powers, and duties of the Authority, including the power to borrow money and to issue bonds. Provides that the Authority shall perform an initial study and survey to determine what areas will be considered a depressed area that contain a blighted area. Provides for requirements related to meetings, public hearings, and administrative and judicial review of Authority projects. Provides for limitations on the Authority's powers. Describes procedures for procurement of debt and bonds, execution of deeds, demolition and removal of buildings, purchase of property, contracts, and costs of projects. Gives the Authority the power to investigate the conditions of any project in which it has an interest. Effective immediately.

Tracking Information

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Title

METRO EAST DEVELOPMENT ACT

Sponsors


History

DateChamberAction
2025-01-07HouseSession Sine Die
2023-02-22HouseAdded Co-Sponsor Rep. Travis Weaver
2023-01-31HouseReferred to Rules Committee
2023-01-31HouseFirst Reading
2023-01-17HouseFiled with the Clerk by Rep. Kevin Schmidt

Illinois State Sources


Bill Comments

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