Illinois House Bill 2572 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on December 3 2014 - 100% progression
Action: 2014-12-03 - Session Sine Die
Text: Latest bill text (Amended) [HTML]

Creates the Local Government Stabilization Authority Act. Authorizes the corporate authorities of a county, municipality, or township to create, by ordinance, a Local Government Stabilization Authority that shall use available funds to facilitate the return of vacant, abandoned, and tax-delinquent properties to productive use, combating community deterioration and creating economic growth. Provides definitions. Sets forth procedure regarding the creation of the Authority and funding sources. Further provides for: (1) the Authority's tax-exempt status; (2) the appointment of the Board of Directors and Chairperson, their terms of office, their removal, and vacancies; (3) the responsibilities and powers of the Board of Directors; and (4) an Executive Director to administer the Authority on a day-to-day basis. Sets forth the powers of the Authority to implement the purpose of the Act, including the authority to borrow money, enter into partnerships and joint ventures, and contract for goods and services. Permits the Authority to acquire, hold, manage, and dispose of real property. Requires the Authority to prepare an annual budget and provide annual financial statements and reports to the corporate authorities. Permits the corporate authorities to dissolve the Authority and provides requirements regarding the Authority's debts, liabilities, and obligations. Effective immediately.

LOC GOVT-STABILIZE AUTHORITY

Rep. Thaddeus Jones [D]

Date	Chamber	Action
2014-12-03	House	Session Sine Die
2013-04-19	House	Rule 19(a) / Re-referred to Rules Committee
2013-04-18	House	Held on Calendar Order of Second Reading - Short Debate
2013-04-18	House	Second Reading - Short Debate
2013-03-25	House	House Floor Amendment No. 2 Referred to Rules Committee
2013-03-25	House	House Floor Amendment No. 2 Filed with Clerk by Rep. Thaddeus Jones
2013-03-22	House	Placed on Calendar 2nd Reading - Short Debate
2013-03-21	House	House Committee Amendment No. 1 Tabled Pursuant to Rule 40
2013-03-21	House	Do Pass / Short Debate Counties & Townships Committee; 004-000-000
2013-03-19	House	House Committee Amendment No. 1 Referred to Rules Committee
2013-03-19	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Thaddeus Jones
2013-03-04	House	Assigned to Counties & Townships Committee
2013-02-21	House	Referred to Rules Committee
2013-02-21	House	First Reading
2013-02-21	House	Filed with the Clerk by Rep. Thaddeus Jones

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2572&GAID=12&DocTypeID=HB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/HB/09800HB2572.htm
Text	https://www.ilga.gov/legislation/98/HB/09800HB2572ham001.htm
Text	https://www.ilga.gov/legislation/98/HB/09800HB2572ham002.htm