Bill Title: Creates the Illinois Urban Development Authority Act. Creates the Illinois Urban Development Authority. Provides that the Authority shall be governed by an 11-member board. Requires the Authority to make annual reports to certain entities. Sets forth the duties and powers of the Authority. Sets forth the procedures by which the Authority may issue bonds to specified entities. Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority shall supervise the bond issuance of the Illinois Urban Development Authority. Contains other provisions.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Passed) 2009-08-11 - Public Act . . . . . . . . . 96-0234 [HB0264 Detail]

Text: Latest bill text (Enrolled) [HTML]

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