Comments: IL SB0642 | 2025-2026 | 104th General Assembly

Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated dates of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs for various ordinances adopted by the City of Chicago, the Village of Millstadt, the City of Mattoon, and the City of Sterling. Effective immediately.

Sponsorship: Moderate Partisan Bill (Democrat 24-6)

Status: (Passed) 2025-12-15 - Added as Co-Sponsor Sen. Chris Balkema [SB0642 Detail]

Text: Latest bill text (Enrolled) [HTML]

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