Bill Title: Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that the redevelopment projects in the TIF districts created by ordinance that were adopted on (i) December 13, 1993, (ii) February 12, 2001, and (iii) April 23, 2001 by the Village of Crete must be completed by December 31 of the 35th year (now, the 23rd year) after the year in which the respective ordinances were adopted. Makes revisory changes. Contains a non-acceleration clause. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2010-07-28 - Public Act . . . . . . . . . 96-1359 [SB2065 Detail]

Text: Latest bill text (Enrolled) [HTML]

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