Bill > HB1919

This bill amends the River Edge Redevelopment Zone Act to allow the Department of Commerce and Economic Opportunity to certify one additional pilot River Edge Redevelopment Zone specifically in the City of Sterling. River Edge Redevelopment Zones are special economic development areas that provide certain incentives to encourage business growth and urban revitalization. The bill adds this new zone to the existing list of previously authorized pilot zones in various Illinois cities, which have been created in places like East St. Louis, Rockford, Aurora, Elgin, Peoria, Joliet, Kankakee, and several other municipalities. The zones are typically effective for up to 30 calendar years and require certification by the state department, which involves filing official documentation and transmitting copies to relevant government agencies. After certifying this additional zone for Sterling, the bill stipulates that the Department of Commerce and Economic Opportunity cannot certify any more River Edge Redevelopment Zones, though it can continue to amend or rescind existing zone certifications according to existing regulations.

Budget and Finance

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1919&GAID=18&DocTypeID=HB&SessionID=114&GA=104