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<xml>
<title>Illinois General Assembly - Bill Status for HB 1208   </title>
<shortdesc>MUNI CD-TIF-EXEMPT SCHOOLS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Maria Antonia Berrios</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</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 accumulated tax incremental revenues not specifically appropriated for defined costs for projects within a redevelopment project area by the end of a municipality's fiscal year shall be deemed "surplus" funds. Provides that all surplus funds in the special tax allocation fund shall be distributed annually within 60 (instead of 180) days after the close of the municipality's fiscal year. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/8/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Maria Antonia Berrios</action>
<statusdate>2/8/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/8/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/14/2011</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>Rule 19(a) / Re-referred to Rules Committee</action>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

