LIBRARIES-TREASURER BOND-TIFS

Amends the Illinois Local Library Act, the Illinois Library System Act, and the Public Library District Act of 1991. Provides that, as an alternative to a personal bond on the treasurer of the library, system, or district, the board may require the treasurer to secure an insurance policy or other insurance instrument with coverage for negligent or intentional acts by library, system, or district employees. Contains provisions concerning the required amount of coverage. Provides that the cost of the coverage shall be borne by the library, system, or district. In the Illinois Local Library Act, provides that the board's annual report on the condition of its trust shall be made within 60 days (instead of 30 days) after the end of the fiscal year. Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code to remove a reference to the Illinois Public Library Statistics produced by the Library Research Center at the University of Illinois. Effective January 1, 2012.