HB4458 extends the completion date for the Spring Valley TIF District in Illinois.
HB4458 amends the Illinois Municipal Code to extend the estimated completion date for the Spring Valley TIF District, which was established by an ordinance adopted on July 31, 2006. The bill specifies that the redevelopment project and the retirement of obligations issued to finance the project costs must be completed by December 31 of the year in which certain tax payments are due. This extension aims to provide more time for the redevelopment efforts within the specified TIF district.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.