Bill Text: IL HB4890 | 2011-2012 | 97th General Assembly | Introduced

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Bill Title: Amends the Municipal Validation Law of 2002. Makes a technical change in a Section concerning redevelopment actions.

Sponsorship: Partisan Bill (Republican 2)

Status: (Failed) 2013-01-08 - Session Sine Die [HB4890 Detail]

Download: Illinois-2011-HB4890-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB4890 Introduced , by Rep. Tom Cross - Joe Sosnowski SYNOPSIS AS INTRODUCED:
65 ILCS 46/5-5
Amends the Municipal Validation Law of 2002. Makes a technical change in a Section concerning redevelopment actions.
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A BILL FOR
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AN ACT concerning local government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Municipal Validation Law of 2002 is amended
by changing Section 5-5 as follows:
(65 ILCS 46/5-5)
Sec. 5-5. Redevelopment actions; validation. All actions
taken before the the effective date of this Law by any
municipality pursuant to the Tax Increment Allocation
Redevelopment Act for purposes of approving a redevelopment
plan and redevelopment project, designating a redevelopment
project area, and adopting tax increment allocation financing
are validated, ratified, and confirmed as valid actions in full
force and effect as of the date of adoption of the ordinance of
the municipality approving the redevelopment plan and project,
notwithstanding that an ordinance designating the
redevelopment project area was not adopted on that date and an
ordinance adopting tax increment allocation financing was not
adopted on that date, provided that, no later than 180 days
after the effective date of this Law, the governing body of the
municipality adopts an ordinance designating the redevelopment
project area and an ordinance adopting tax increment allocation
financing for the redevelopment project area.

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(Source: P.A. 92-884, eff. 1-13-03.)