Illinois Compiled Statutes 65 Municipalities: Article 10 - River Edge Redevelopment Zone Act

• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-1
  This Article may be cited as the River Edge Redevelopment Zone Act, and references in this Article to "this Act" mean this Article. (Source: P.A....
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-2
  Findings. The General Assembly finds and declares that those municipalities adjacent to or surrounding river areas often lack critical tools to safely revive and redevelop...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-3
  Definitions. As used in this Act: "Department" means the Department of Commerce and Economic Opportunity. "River Edge Redevelopment Zone" means an area of the State...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-4
  Qualifications for River Edge Redevelopment Zones. An area is qualified to become a zone if it: (1) is a contiguous area adjacent to or surrounding...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-5
  Initiation of River Edge Redevelopment Zones by Municipality. (a) No area may be designated as a river edge redevelopment zone except pursuant to an initiating...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-5.1
  Application to Department. A municipality that has adopted an ordinance designating an area as a river edge redevelopment zone shall make written application to the...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-5.2
  Department Review of River Edge Redevelopment Zone Applications. (a) All applications must be considered and acted upon by the Department no later than 180 days...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-5.3
  Certification of River Edge Redevelopment Zones. (a) Approval of designated River Edge Redevelopment Zones shall be made by the Department by certification of the designating...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-5.4
  Amendment and decertification of River Edge Redevelopment Zones. (a) The terms of a certified zone designating ordinance may be amended to: (1) alter the boundaries...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-5.4.1
  Adoption of tax increment financing. (a) If (i) a redevelopment project area is, will be, or has been created by a municipality under Division 74.4...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-6
  Powers and duties of Department. (a) The Department shall administer this Act and shall have the following powers and duties: (1) To monitor the implementation...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-8
  Zone Administration. The administration of a River Edge Redevelopment Zone shall be under the jurisdiction of the designating municipality. Each designating municipality shall, by ordinance,...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-9
  Notice of cessation of business operations. Any business located within the River Edge Redevelopment Zone that has received tax credits or exemptions, regulatory relief or...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-10
  Income tax deduction. (a) A business entity may receive a deduction against income subject to State taxes for a contribution to a designated zone organization...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-10.1
  Utility facilities. (a) It is in the public interest that costs for redevelopment in a River Edge Redevelopment Zone impacting a public utility, as defined...
• Illinois River Edge Redevelopment Zone Act. - 65 ILCS 115, Section 10-10.2
  Accounting. (a) Any business receiving tax incentives due to its location within a River Edge Redevelopment Zone must annually report to the Department of Revenue...

Last modified: February 18, 2015