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IL SB3541
Bill
Status
Introduced
2/5/2026
Primary Sponsor
Chapin Rose
Click for details
AI Summary
- Extends the estimated completion date for a Tax Increment Financing (TIF) redevelopment project in the City of Paris, Illinois originally established by ordinance on January 1, 2006
- Extends the deadline for retirement of obligations (bonds and debt) issued to finance the redevelopment project costs
- Amends Section 11-74.4-3.5 of the Illinois Municipal Code (Tax Increment Allocation Redevelopment Act)
- Takes effect immediately upon becoming law
- Introduced February 5, 2026 by Senator Chapin Rose
Legislative Description
TIF CITY OF PARIS
Last Action
Rule 2-10 Committee Deadline Established As April 24, 2026
3/13/2026
Committee Referrals
Revenue2/17/2026
Assignments2/5/2026
Full Bill Text
No bill text available