Loading chat...
IL HB5556
Bill
Status
Introduced
2/14/2020
Primary Sponsor
Tony McCombie
Click for details
AI Summary
-
Amends the Industrial Project Revenue Bond Act in the Illinois Municipal Code (65 ILCS 5/11-74-2) to expand the definition of "industrial project"
-
Adds use or disposal of surplus real estate owned by the municipality as a new category (e) of qualifying industrial projects
-
Allows municipalities to finance the use or disposal of surplus municipal real estate through industrial project revenue bonds
-
Takes effect immediately upon becoming law
Legislative Description
MUNI-INDUST PROJECT REVENUE
Last Action
Rule 19(b) / Re-referred to Rules Committee
6/23/2020
Committee Referrals
Rules6/23/2020
Cities & Villages3/12/2020
Rules2/18/2020
Full Bill Text
No bill text available