IL SB2257

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code to create a tax increment allocation financing extension for an ordinance adopted on June 21, 1999 by the Village of Table Grove.

Adds clause (146) to Section 11-74.4-3.5(c) to allow the Village of Table Grove's redevelopment project completion dates and obligation retirement dates to extend to December 31 of the year in which payment is made with respect to ad valorem taxes levied in the 35th calendar year after the ordinance adoption year.

Becomes effective immediately upon passage.