MUNI CD-TIF-EXEMPT SCHOOLS Senate SponsorsSen. Heather A. Steans 1/8/2013SenateSession Sine Die 65 ILCS 5/11-74.4-7from Ch. 24, par. 11-74.4-7Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that all accumulated tax incremental revenues not specifically appropriated for defined costs for projects within a redevelopment project area by the end of a municipality's fiscal year shall be deemed "surplus" funds. Provides that all surplus funds in the special tax allocation fund shall be distributed annually within 60 (instead of 180) days after the close of the municipality's fiscal year. Effective immediately.Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Makes a technical change in a Section concerning obligations. 2/9/2011SenateFiled with Secretary by Sen. Heather A. Steans 2/9/2011SenateFirst Reading 2/9/2011SenateReferred to Assignments 2/23/2011SenateAssigned to Revenue 3/3/2011SenatePostponed - Revenue 3/10/2011SenatePostponed - Revenue 3/11/2011SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Heather A. Steans 3/11/2011SenateSenate Committee Amendment No. 1 Referred to Assignments 3/14/2011SenateSenate Committee Amendment No. 1 Assignments Refers to Revenue 3/16/2011SenateSenate Committee Amendment No. 1 Adopted 3/17/2011SenateDo Pass as Amended Revenue; 008-000-001 3/17/2011SenatePlaced on Calendar Order of 2nd Reading March 17, 2011 7/23/2011SenatePursuant to Senate Rule 3-9(b) / Referred to Assignments 1/8/2013SenateSession Sine Die