Illinois House Bill 3706

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Engrossed on March 22 2023 - 50% progression
Action: 2023-03-29 - Referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Engrossed) [HTML]

Creates the University Park Development Authority Act. Creates the University Park Development Authority for the purpose of facilitating and promoting the redevelopment of certain property. Provides that the jurisdiction of the Authority extends over the Village of University Park and any and all property that the Village may annex during the course of the existence of the Authority. Provides that the Authority is governed by a 5-member Board of Directors. Sets forth the powers and responsibilities of the Authority, including the power to acquire, own, lease, sell, and dispose of real property and, under the supervision of the Illinois Finance Authority, the power to issue revenue bonds. Contains other provisions. Amends the Illinois Finance Authority Act. Provides that all bond issuances of the University Park Development Authority are subject to supervision, management, control, and approval of the Illinois Finance Authority. Effective immediately.

UNIVERSITY PARK DEVELOPMENT

Rep. Debbie Meyers-Martin [D]

Sen. Michael Hastings [D]

2023-03-22 - House - Third Reading in House (Y: 113 N: 0 NV: 0 Abs: 2) [PASS]

Date	Chamber	Action
2023-03-29	Senate	Referred to Assignments
2023-03-29	Senate	First Reading
2023-03-29	Senate	Chief Senate Sponsor Sen. Michael E. Hastings
2023-03-23	Senate	Placed on Calendar Order of First Reading March 24, 2023
2023-03-23	Senate	Arrive in Senate
2023-03-22	House	Third Reading - Short Debate - Passed 113-000-000
2023-03-15	House	Placed on Calendar Order of 3rd Reading - Short Debate
2023-03-15	House	Second Reading - Short Debate
2023-03-08	House	Placed on Calendar 2nd Reading - Short Debate
2023-03-07	House	Do Pass / Short Debate Cities & Villages Committee; 016-000-000
2023-02-28	House	Assigned to Cities & Villages Committee
2023-02-17	House	Referred to Rules Committee
2023-02-17	House	First Reading
2023-02-17	House	Filed with the Clerk by Rep. Debbie Meyers-Martin

Chapter	Article	Section	Citation Type	Statute Text
20	3501	825-13.1	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3706&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB3706.htm
Text	https://www.ilga.gov/legislation/103/HB/10300HB3706eng.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/103/house/10300HB3706_03222023_086000T.pdf