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<xml>
<title>Illinois General Assembly - Bill Status for HB 304          </title>
<shortdesc>MUNI CD-TIF BONDS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. David McSweeney-Allen Skillicorn</sponsors>
</sponsor>
<lastaction>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>65 ILCS 5/11-74.4-7</reference><aliasreference>from Ch. 24, par. 11-74.4-7</aliasreference><SynopsisText>     Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that all obligations issued by a non-home rule municipality in connection with the Tax Increment Allocation Redevelopment Act (instead of TIF obligations secured by the full faith and credit of the municipality) are subject to a backdoor referendum. Provides that a petition calling for a referendum on the issuance of those bonds shall be filed within 45 (instead of 30) days after the publication of the ordinance. Makes changes concerning the signature requirement for those petitions. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>1/10/2019</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. David McSweeney</action>
<statusdate>1/10/2019</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>1/10/2019</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/30/2019</statusdate><chamber>House</chamber><action>Added Chief Co-Sponsor Rep. Allen Skillicorn</action>
<statusdate>2/5/2019</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>2/14/2019</statusdate><chamber>House</chamber><action>To Property Tax Subcommittee</action>
<statusdate>3/29/2019</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/13/2021</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

