ECON DEV AREA-PLAN AMENDMENT House SponsorsRep. Fred Crespo-Thomas Morrison 1/8/2013HouseSession Sine Die 20 ILCS 620/3from Ch. 67 1/2, par. 100320 ILCS 620/4from Ch. 67 1/2, par. 100420 ILCS 620/5from Ch. 67 1/2, par. 100520 ILCS 620/8from Ch. 67 1/2, par. 100820 ILCS 620/9from Ch. 67 1/2, par. 100920 ILCS 620/11from Ch. 67 1/2, par. 1011 Amends the Economic Development Area Tax Increment Allocation Act. Provides that, if the maximum duration for obligations allowed under an economic development plan is less than the maximum duration allowed under the Act, a municipality may, by ordinance, amend the plan to increase the duration up to the maximum duration allowed under the Act. Provides that obligations secured by the special tax allocation fund for an economic development project area shall mature not later than 38 years (now, 23 years) from the date of establishment of the economic development project area. Provides that, under the Act, a municipality has the power to acquire and operate public improvements. Makes other changes. Effective immediately. 2/24/2011HouseFiled with the Clerk by Rep. Fred Crespo 2/24/2011HouseFirst Reading 2/24/2011HouseReferred to Rules Committee 3/1/2011HouseAssigned to Revenue & Finance Committee 3/9/2011HouseAdded Chief Co-Sponsor Rep. Thomas Morrison 3/17/2011HouseRule 19(a) / Re-referred to Rules Committee 1/8/2013HouseSession Sine Die