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IL HB4716
Bill
Status
Introduced
1/30/2026
Primary Sponsor
Charles Meier
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AI Summary
- Extends the completion date for a Tax Increment Financing (TIF) redevelopment project in the City of Centralia originally established by ordinance on June 23, 2003
- Amends Section 11-74.4-3.5 of the Illinois Municipal Code's Tax Increment Allocation Redevelopment Act
- Allows additional time for project completion and retirement of obligations issued to finance redevelopment costs, including refunding bonds
- Bill is designated to take effect immediately upon becoming law
- Introduced by Representative Charles Meier during the 104th General Assembly (2025-2026 session)
Legislative Description
TIF CENTRALIA
Last Action
Referred to Rules Committee
2/6/2026
Committee Referrals
Rules2/6/2026
Full Bill Text
No bill text available