Bill Title: Amends the Special Service Area Tax Law in the Property Tax Code. Provides that the corporate authorities of a county or a municipality may establish a green special service area. Provides that those green special service areas shall include only property for which each owner of record has executed a contract or agreement with the county or municipality consenting to the inclusion of the property within the green special service area. Provides that counties and municipalities may levy property taxes in connection with green special service areas. Provides that counties and municipalities may issue bonds in connection with green special service areas and may sell, assign, or pledge those bonds to the Illinois Finance Authority. Amends the Counties Code and the Illinois Municipal Code to provide that each county or municipality shall have the power and authority to engage in specified activities that relate to green special service areas. Amends the Illinois Finance Authority Act. Provides that the Illinois Finance Authority has the power to purchase special service area bonds and to accept assignments or pledges, or both, of special service area bonds or agreements relating to green special service area projects. Effective immediately.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Engrossed - Dead) 2016-11-30 - Third Reading - Short Debate - Lost 046-063-001 [SB0116 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Engrossed	2015-04-23	HTML/Text	Link	View
Introduced	2015-01-28	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 005	2016-11-28	Proposed	HTML/Text	Link	View
House Amendment 004	2016-05-11	Proposed	HTML/Text	Link	View
House Amendment 003	2016-05-02	Proposed	HTML/Text	Link	View
House Amendment 002	2016-04-05	Proposed	HTML/Text	Link	View
House Amendment 001	2016-02-09	Proposed	HTML/Text	Link	View
Senate Amendment 003	2015-04-20	Proposed	HTML/Text	Link	View
Senate Amendment 002	2015-04-17	Proposed	HTML/Text	Link	View
Senate Amendment 001	2015-03-19	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB0116 currently on file.