Bill Text: IL HB5471 | 2023-2024 | 103rd General Assembly | Introduced


Bill Title: Amends the River Edge Redevelopment Zone Act. Provides that the Department of Commerce and Economic Opportunity may certify one additional pilot River Edge Redevelopment Zone in the City of Quincy.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB5471 Detail]

Download: Illinois-2023-HB5471-Introduced.html

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB5471

Introduced , by Rep. Randy E. Frese

SYNOPSIS AS INTRODUCED:
65 ILCS 115/10-5.3

Amends the River Edge Redevelopment Zone Act. Provides that the Department of Commerce and Economic Opportunity may certify one additional pilot River Edge Redevelopment Zone in the City of Quincy.
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A BILL FOR

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1 AN ACT concerning local government.
2 Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
4 Section 5. The River Edge Redevelopment Zone Act is
5amended by changing Section 10-5.3 as follows:
6 (65 ILCS 115/10-5.3)
7 Sec. 10-5.3. Certification of River Edge Redevelopment
8Zones.
9 (a) Approval of designated River Edge Redevelopment Zones
10shall be made by the Department by certification of the
11designating ordinance. The Department shall promptly issue a
12certificate for each zone upon its approval. The certificate
13shall be signed by the Director of the Department, shall make
14specific reference to the designating ordinance, which shall
15be attached thereto, and shall be filed in the office of the
16Secretary of State. A certified copy of the River Edge
17Redevelopment Zone Certificate, or a duplicate original
18thereof, shall be recorded in the office of the recorder of
19deeds of the county in which the River Edge Redevelopment Zone
20lies.
21 (b) A River Edge Redevelopment Zone shall be effective
22upon its certification. The Department shall transmit a copy
23of the certification to the Department of Revenue, and to the

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1designating municipality. Upon certification of a River Edge
2Redevelopment Zone, the terms and provisions of the
3designating ordinance shall be in effect, and may not be
4amended or repealed except in accordance with Section 10-5.4.
5 (c) A River Edge Redevelopment Zone shall be in effect for
6the period stated in the certificate, which shall in no event
7exceed 30 calendar years. Zones shall terminate at midnight of
8December 31 of the final calendar year of the certified term,
9except as provided in Section 10-5.4.
10 (d) In calendar years 2006 and 2007, the Department may
11certify one pilot River Edge Redevelopment Zone in the City of
12East St. Louis, one pilot River Edge Redevelopment Zone in the
13City of Rockford, and one pilot River Edge Redevelopment Zone
14in the City of Aurora.
15 In calendar year 2009, the Department may certify one
16pilot River Edge Redevelopment Zone in the City of Elgin.
17 On or after the effective date of this amendatory Act of
18the 97th General Assembly, the Department may certify one
19additional pilot River Edge Redevelopment Zone in the City of
20Peoria.
21 On or after the effective date of this amendatory Act of
22the 103rd General Assembly, the Department may certify 2
23additional pilot River Edge Redevelopment Zones, including one
24in the City of Joliet and one in the City of Kankakee.
25 On or after the effective date of this amendatory Act of
26the 103rd General Assembly, the Department may certify one

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1additional pilot River Edge Redevelopment Zone in the City of
2Quincy.
3 After certifying the additional pilot River Edge
4Redevelopment Zones authorized by the above paragraphs, the
5Department may not certify any additional River Edge
6Redevelopment Zones, but it may amend and rescind
7certifications of existing River Edge Redevelopment Zones in
8accordance with Section 10-5.4, except that no River Edge
9Redevelopment Zone may be extended on or after the effective
10date of this amendatory Act of the 97th General Assembly. Each
11River Edge Redevelopment Zone in existence on the effective
12date of this amendatory Act of the 97th General Assembly shall
13continue until its scheduled termination under this Act,
14unless the Zone is decertified sooner. At the time of its term
15expiration each River Edge Redevelopment Zone will become an
16open enterprise zone, available for the previously designated
17area or a different area to compete for designation as an
18enterprise zone. No preference for designation as a Zone will
19be given to the previously designated area.
20 (e) A municipality in which a River Edge Redevelopment
21Zone has been certified must submit to the Department, within
2260 days after the certification, a plan for encouraging the
23participation by minority persons, women, persons with
24disabilities, and veterans in the zone. The Department may
25assist the municipality in developing and implementing the
26plan. The terms "minority person", "woman", and "person with a

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