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






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    AN ACT concerning local government.

 
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    Be it enacted by the People of the State of Illinois,
 
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represented in the General Assembly:


 
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    Section 5. The Illinois Municipal Code is amended  by adding 
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Sections 11-74.4-10.2, 11-74.4-10.5, and 11-74.4-10.7 as 
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follows:
 
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    (65 ILCS 5/11-74.4-10.2 new)

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    Sec. 11-74.4-10.2. Excess revenue. After the effective 
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date of this amendatory Act of the 96th General Assembly, 
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annual revenues in excess of the budget for a redevelopment 
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project area must be returned to the affected taxing districts 
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on an annual or other agreed to basis.
 
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    (65 ILCS 5/11-74.4-10.5 new)

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    Sec. 11-74.4-10.5. County board approval. After the 
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effective date of this amendatory Act of the 96th General 
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Assembly, all redevelopment project areas must be approved by a 
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majority vote of each county board and the governing 
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authorities of the other taxing districts with boundaries that 
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overlap the proposed redevelopment project area.
 
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    (65 ILCS 5/11-74.4-10.7 new)

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    Sec. 11-74.4-10.7. Citizen review panel. After the 
 


 






SB1990
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LRB096 09365 RLJ 19522 b




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