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<xml>
<title>Illinois General Assembly - Bill Status for HB 5349         </title>
<shortdesc>FINANCE-MUNICIPAL FUNDS</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Thaddeus Jones</sponsors>
</sponsor>
<lastaction>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>15 ILCS 505/20 new</reference><aliasreference></aliasreference><reference>30 ILCS 105/34.5 new</reference><aliasreference></aliasreference><SynopsisText>     Amends the State Finance Act. Requires the mayor or village president of each municipality to submit a 3-year economic development and housing stabilization plan for the municipality to the municipality's city council or village board for approval. Provides that after receiving such approval, the mayor or village president shall submit the plan to the Director of Commerce and Economic Opportunity for certification. Prohibits the State Treasurer from distributing any funds to a municipality until receipt of the certification. Makes conforming changes in the State Treasurer Act.</SynopsisText></synopsis>
<actions>
<statusdate>2/10/2014</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Thaddeus Jones</action>
<statusdate>2/10/2014</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/10/2014</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>12/3/2014</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

