Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs for various ordinances adopted by the Village of Homer, City of Greenville, and City of Chicago. Creates a tax increment allocation financing extension to the 47th year (currently, the 35th year) after adoption of various ordinances by the City of Pekin and City of Belleville if those municipalities adopt a specified ordinance and provide notice to the taxing bodies that would otherwise constitute the joint review board of each redevelopment project area. Makes an organizational change. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 7-1)

Status: (Passed) 2021-11-30 - Public Act . . . . . . . . . 102-0675 [SB1139 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Chaptered	2021-12-01	HTML/Text	Link	View
Enrolled	2021-11-02	HTML/Text	Link	View
Engrossed	2021-04-29	HTML/Text	Link	View
Introduced	2021-02-25	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
House Amendment 003	2021-10-28	Proposed	HTML/Text	Link	View
House Amendment 002	2021-10-26	Proposed	HTML/Text	Link	View
House Amendment 001	2021-10-18	Proposed	HTML/Text	Link	View
Senate Amendment 001	2021-04-15	Proposed	HTML/Text	Link	View

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB1139 currently on file.

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