MUNI CD-TIF SURPLUS FUNDS
- Introduced Feb 2, 2026
- In committee Feb 2, 2026
- Passed the Senate Next
- Passed the House
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that not more than 5% of all surplus funds in the special tax allocation fund may be distributed. Provides that surplus funds in the special tax allocation fund may be distributed not more than once every 10 years (rather than annually). Provides that, if the termination date for a redevelopment project area is extended…
Read the full title (107 words)
Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that not more than 5% of all surplus funds in the special tax allocation fund may be distributed. Provides that surplus funds in the special tax allocation fund may be distributed not more than once every 10 years (rather than annually). Provides that, if the termination date for a redevelopment project area is extended beyond the 23rd calendar year after the year in which the ordinance approving the redevelopment project area was adopted, then following the 23rd calendar year, no surplus funds may be distributed until the redevelopment project area is terminated. Effective immediately.
Every action
8 steps, oldest first, as the legislature records them.
- SenateFiled with Secretary by Sen. Bill Cunningham
- SenateFirst Reading
- CommitteeReferred to Assignments · Senate Assignments
- CommitteeAssigned to Revenue · Senate Revenue
- SenateRule 2-10 Committee Deadline Established As April 24, 2026
- SenateRule 2-10 Committee/3rd Reading Deadline Established As May 15, 2026
- SenateRule 2-10 Committee/3rd Reading Deadline Established As May 22, 2026
- CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it.
-
Bill CunninghamD Primary sponsor · District 18
From Illinois's official records (www.ilga.gov), checked Nov 2, 2026. Text links go to the official versions; LegiList does not copy bill text.