<?xml version='1.0' encoding='UTF-8'?>
<xml>
<title>Illinois General Assembly - Bill Status for HB 1976   </title>
<shortdesc>MUNI-TIF-REDEVELOPMENT COSTS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Cynthia Soto</sponsors>
</sponsor>
<lastaction>
<statusdate>1/8/2013</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>65 ILCS 5/11-74.4-3</reference><aliasreference>from Ch. 24, par. 11-74.4-3</aliasreference><reference>65 ILCS 5/11-74.4-4</reference><aliasreference>from Ch. 24, par. 11-74.4-4</aliasreference><SynopsisText>     Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that a municipality may pay from tax increment revenues up to 100% of the cost of construction of new housing units to be occupied by very low-income households. Provides that a municipality may incur project redevelopment costs and reimburse developers who incur redevelopment project costs, or reimburse an affiliate of a developer, including an entity that controls a developer that is a limited partnership or limited liability company, authorized by a redevelopment agreement, and the reimbursement may take the form of a loan to the developer. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/17/2011</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Cynthia Soto</action>
<statusdate>2/17/2011</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/17/2011</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>2/23/2011</statusdate><chamber>House</chamber><action>Assigned to Revenue &amp; Finance Committee</action>
<statusdate>3/7/2011</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Filed with Clerk by Rep. Cynthia Soto</action>
<statusdate>3/7/2011</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Referred to Rules Committee</action>
<statusdate>3/8/2011</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Rules Refers to Revenue &amp; Finance Committee</action>
<statusdate>3/17/2011</statusdate><chamber>House</chamber><action>House Committee Amendment No. 1 Tabled Pursuant to Rule 40</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>

