Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs for an ordinance adopted on October 16, 2000 by the Village of Franklin Park to create the Downtown Franklin Avenue redevelopment project area. Effective immediately.

Spectrum: Bipartisan Bill

Status: (Introduced) 2024-04-05 - Rule 19(a) / Re-referred to Rules Committee [HB5253 Detail]

Text: Latest bill text (Introduced) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Representative Norma Hernandez [D]	Primary	Sponsored Bills	HD-077	FollowTheMoney	Ballotpedia	VoteSmart
Representative Bradley Stephens [R]	Cosponsor	Sponsored Bills	HD-020	FollowTheMoney	Ballotpedia	VoteSmart

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