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IL SB2537
Bill
AI Summary
- Extends the completion date for the Enos Park Neighborhood TIF District in Springfield, Illinois from 23 years to 35 years after the original ordinance adoption date of December 16, 1997
- Amends Section 11-74.4-3.5 of the Tax Increment Allocation Redevelopment Act within the Illinois Municipal Code
- Allows the City of Springfield to continue collecting tax increment financing revenues and retiring related obligations for an additional 12 years beyond the standard timeline
- Takes effect immediately upon becoming law
Legislative Description
TIF-CITY OF SPRINGFIELD
Last Action
Session Sine Die
1/13/2021
Committee Referrals
Assignments4/12/2020
Revenue2/4/2020
Assignments1/28/2020
Full Bill Text
No bill text available