SB 280

Abstract

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on August 17, 1999 by the City of Ottawa. Effective immediately. House Committee Amendment No. 1 Deletes reference to: 65 ILCS 5/11-74.4-3.5 Adds reference to: 65 ILCS 5/1-1-1 from Ch. 24, par. 1-1-1 Replaces everything after the enacting clause. Amends the Illinois Municipal Code. Makes a technical change in a Section concerning the short title. House Floor Amendment No. 2 Deletes reference to: 65 ILCS 5/1-1-1 Adds reference to: 65 ILCS 5/Art. 11 Div. 135.5 heading new 65 ILCS 5/11-135.5-1 new 65 ILCS 5/11-135.5-5 new 65 ILCS 5/11-135.5-10 new 65 ILCS 5/11-135.5-15 new 65 ILCS 5/11-135.5-20 new 65 ILCS 5/11-135.5-25 new 65 ILCS 5/11-135.5-30 new 65 ILCS 5/11-135.5-35 new 65 ILCS 5/11-135.5-40 new 65 ILCS 5/11-135.5-45 new 735 ILCS 30/25-5-85 new Replaces everything after the enacting clause. Creates the Regional Water Commissions Division of the Illinois Municipal Code. Provides that the corporate authorities of several municipalities may create a regional water commission to purchase or construct a waterworks system or a common source of supply of water, or both, and may operate jointly a waterworks system or a common source of supply of water, or both, and improve and extend the same. Provides that the forming municipalities must include at least one municipality with at least 140,000 inhabitants that is located in whole or in part in the county of Cook, DuPage, Kane, Kendall, Lake, McHenry, or Will, excluding municipalities of greater than 500,000 inhabitants. Includes provisions establishing the commission and the board of commissioners, costs and funding of the commission, powers of the board and commission, revenue bonds, rates and charges for waterworks systems and water source of supply, and property acquisition. Amends the Eminent Domain Act making a conforming change. Effective immediately. House Floor Amendment No. 3 Deletes reference to: 735 ILCS 30/25-5-85 new Removes DuPage County from a list of counties in which two or more municipalities within the listed counties may establish a regional water commission. Removes provisions concerning a schedule for acquisition and makes conforming changes. Removes provisions relating to a regional water commission's quick-take authority in the Eminent Domain Act.