MUNI CD-TIF SURPLUS FUNDS
Summary
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that all surplus funds in the special tax allocation fund shall be distributed as soon as possible after they are calculated (rather than distributed annually within 180 days after the close of the municipality's fiscal year).
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2025
Last action Mar 27, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
13
Key actions
1
Committee
6
Mar 27, 2026
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Mar 13, 2026
Upper · Passed
Rule 2-10 Committee Deadline Established As March 27, 2026
upper
Jan 27, 2026
Committee
Re-assigned to Local Government
upper
Mar 21, 2025
Committee
Rule 3-9(a) / Re-referred to Assignments
upper
Feb 11, 2025
Committee
Assigned to Local Government
upper
Jan 31, 2025
Committee
Referred to Assignments
upper
1 primary · 1 co-sponsor
Sponsors
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