Bill Text: IL HB5523 | 2017-2018 | 100th General Assembly | Introduced

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Bill Title: Amends the River Edge Redevelopment Zone Act. Provides that, on and after the effective date of the amendatory Act, an area is qualified to become a River Edge Redevelopment Zone if it is an area of the State (1) located on a river, (2) with less than 30,000 population, and (3) that meets one of the following conditions: has a median household income of less than 80% of State median income for a household of 4, as determined by the U.S. Department of Housing and Urban Development; has a per capita personal income of less than 60% of the per capita personal income for Illinois as determined by the U.S. Department of Commerce; or has a median home price of less than 60% of the State median home price. Provides that changes made by the amendatory Act do not affect the certification of any area previously certified by the Department as a River Edge Redevelopment Zone. Effective immediately.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Failed) 2019-01-08 - Session Sine Die [HB5523 Detail]

Download: Illinois-2017-HB5523-Introduced.html

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100TH GENERAL ASSEMBLY State of Illinois 2017 and 2018 HB5523 Introduced , by Rep. Jerry Costello, II SYNOPSIS AS INTRODUCED:
65 ILCS 115/10-4
Amends the River Edge Redevelopment Zone Act. Provides that, on and after the effective date of the amendatory Act, an area is qualified to become a River Edge Redevelopment Zone if it is an area of the State (1) located on a river, (2) with less than 30,000 population, and (3) that meets one of the following conditions: has a median household income of less than 80% of State median income for a household of 4, as determined by the U.S. Department of Housing and Urban Development; has a per capita personal income of less than 60% of the per capita personal income for Illinois as determined by the U.S. Department of Commerce; or has a median home price of less than 60% of the State median home price. Provides that changes made by the amendatory Act do not affect the certification of any area previously certified by the Department as a River Edge Redevelopment Zone. Effective immediately.
LRB100 16876 AWJ 32017 b
A BILL FOR
HB5523 LRB100 16876 AWJ 32017 b
AN ACT concerning local government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The River Edge Redevelopment Zone Act is amended
by changing Section 10-4 as follows:
(65 ILCS 115/10-4)
Sec. 10-4. Qualifications for River Edge Redevelopment
Zones.
(a) Before the effective date of this amendatory Act of the
100th General Assembly, an An area is qualified to become a
zone if it:
(1) is a contiguous area adjacent to or surrounding a
river;
(2) comprises a minimum of one half square mile and not
more than 12 square miles, exclusive of lakes and
waterways;
(3) satisfies any additional criteria established by
the Department consistent with the purposes of this Act;
(4) is entirely within a single municipality; and
(5) has at least 100 acres of environmentally
challenged land within 1500 yards of the riverfront.
The changes made by this amendatory Act of the 100th
General Assembly do not affect the certification of any area

HB5523 - 2 - LRB100 16876 AWJ 32017 b
certified by the Department as a River Edge Redevelopment Zone
under this subsection before the effective date of this
amendatory Act of the 100th General Assembly.
(b) On and after the effective date of this amendatory Act
of the 100th General Assembly, an area is qualified to become a
zone if it is an area in the State:
(1) located on a river;
(2) with less than 30,000 population; and
(3) that meets one of the following conditions:
(A) has a median household income of less than 80%
of State median income for a household of 4, as
determined by the U.S. Department of Housing and Urban
Development;
(B) has a per capita personal income of less than
60% of the per capita personal income for Illinois as
determined by the U.S. Department of Commerce; or
(C) has a median home price of less than 60% of the
State median home price.
(Source: P.A. 94-1021, eff. 7-12-06; 94-1022, eff. 7-12-06.)
Section 99. Effective date. This Act takes effect upon
becoming law.