SB3041

SB3041 extends the completion date for a redevelopment project in Spring Valley, Illinois.

SB3041 amends the Illinois Municipal Code to extend the estimated completion date and retirement of obligations for a redevelopment project in Spring Valley, Illinois. The bill specifies that the redevelopment project, which was established by an ordinance adopted on July 31, 2006, can have its completion date extended. This extension applies to the estimated dates of completion and the retirement of obligations issued to finance the redevelopment project costs, including refunding bonds. The bill takes effect immediately upon becoming law.