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IL SB3676
Bill
AI Summary
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Authorizes the Department of Commerce and Economic Opportunity to certify one additional pilot River Edge Redevelopment Zone in the City of Quincy, Illinois
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Amends the River Edge Redevelopment Zone Act (65 ILCS 115/10-5.3) to add Quincy to the list of cities eligible for pilot zones
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River Edge Redevelopment Zones provide economic incentives for redevelopment of areas along rivers and can remain in effect for up to 30 calendar years
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Existing pilot River Edge Redevelopment Zones have been established in East St. Louis, Rockford, Aurora, Elgin, Peoria, Joliet, and Kankakee
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Municipalities with certified zones must submit a plan within 60 days encouraging participation by minority persons, women, persons with disabilities, and veterans
Legislative Description
RIVER EDGE REDEVELOP-QUINCY
Last Action
Session Sine Die
1/7/2025