UNIVERSITY PARK DEVELOPMENT House SponsorsRep. Debbie Meyers-Martin Senate Sponsors(Sen. Michael E. Hastings) 1/7/2025HouseSession Sine Die New Act20 ILCS 3501/825-13.1 new Creates the University Park Development Authority Act. Creates the University Park Development Authority for the purpose of facilitating and promoting the redevelopment of certain property. Provides that the jurisdiction of the Authority extends over the Village of University Park and any and all property that the Village may annex during the course of the existence of the Authority. Provides that the Authority is governed by a 5-member Board of Directors. Sets forth the powers and responsibilities of the Authority, including the power to acquire, own, lease, sell, and dispose of real property and, under the supervision of the Illinois Finance Authority, the power to issue revenue bonds. Contains other provisions. Amends the Illinois Finance Authority Act. Provides that all bond issuances of the University Park Development Authority are subject to supervision, management, control, and approval of the Illinois Finance Authority. Effective immediately. 2/17/2023HouseFiled with the Clerk by Rep. Debbie Meyers-Martin 2/17/2023HouseFirst Reading 2/17/2023HouseReferred to Rules Committee 2/28/2023HouseAssigned to Cities & Villages Committee 3/7/2023HouseDo Pass / Short Debate Cities & Villages Committee; 016-000-000 3/8/2023HousePlaced on Calendar 2nd Reading - Short Debate 3/15/2023HouseSecond Reading - Short Debate 3/15/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/22/2023HouseThird Reading - Short Debate - Passed 113-000-000 3/23/2023SenateArrive in Senate 3/23/2023SenatePlaced on Calendar Order of First Reading March 24, 2023 3/29/2023SenateChief Senate Sponsor Sen. Michael E. Hastings 3/29/2023SenateFirst Reading 3/29/2023SenateReferred to Assignments 1/7/2025HouseSession Sine Die