Bill Text: IL SB1990 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that annual revenues in excess of the budget for a redevelopment project area must be returned to the affected taxing districts. Provides that all redevelopment project areas must be approved by a majority vote of each county board and the governing authorities of the other taxing districts with boundaries that overlap the proposed redevelopment project area. Requires a municipality to create a citizen review panel for any redevelopment project area created by a municipality. Provides that a municipality must seek the advice of the citizen review panel concerning the budget and goals for redevelopment project areas.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2009-03-13 - Rule 3-9(a) / Re-referred to Assignments [SB1990 Detail]

Download: Illinois-2009-SB1990-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 SB1990 Introduced 2/20/2009, by Sen. Michael Noland SYNOPSIS AS INTRODUCED:
65 ILCS 5/11-74.4-10.2 new
65 ILCS 5/11-74.4-10.5 new
65 ILCS 5/11-74.4-10.7 new
Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that annual revenues in excess of the budget for a redevelopment project area must be returned to the affected taxing districts. Provides that all redevelopment project areas must be approved by a majority vote of each county board and the governing authorities of the other taxing districts with boundaries that overlap the proposed redevelopment project area. Requires a municipality to create a citizen review panel for any redevelopment project area created by a municipality. Provides that a municipality must seek the advice of the citizen review panel concerning the budget and goals for redevelopment project areas.
LRB096 09365 RLJ 19522 b
FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
SB1990 LRB096 09365 RLJ 19522 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 Illinois Municipal Code is amended by adding
Sections 11-74.4-10.2, 11-74.4-10.5, and 11-74.4-10.7 as
follows:
(65 ILCS 5/11-74.4-10.2 new)
Sec. 11-74.4-10.2. Excess revenue. After the effective
date of this amendatory Act of the 96th General Assembly,
annual revenues in excess of the budget for a redevelopment
project area must be returned to the affected taxing districts
on an annual or other agreed to basis.
(65 ILCS 5/11-74.4-10.5 new)
Sec. 11-74.4-10.5. County board approval. After the
effective date of this amendatory Act of the 96th General
Assembly, all redevelopment project areas must be approved by a
majority vote of each county board and the governing
authorities of the other taxing districts with boundaries that
overlap the proposed redevelopment project area.
(65 ILCS 5/11-74.4-10.7 new)
Sec. 11-74.4-10.7. Citizen review panel. After the

SB1990 - 2 - LRB096 09365 RLJ 19522 b
effective date of this amendatory Act of the 96th General
Assembly, a municipality must create a citizen review panel for
any redevelopment project area created by the municipality.
Each citizen review panel shall be composed of volunteer
members who are broadly representative of the community.
Citizen review panels shall make recommendations to the
municipality concerning the goals and budget of the
redevelopment project area. A municipality must seek the advice
of the citizen review panel for a redevelopment project area
concerning the budget and goals for the respective
redevelopment project area at least once every 3 months.