Illinois Legislature Passes Bill Amending Business District Law

Yesterday, the Illinois House of Representatives passed SB 2523, amending the Business District Development and Redevelopment Law, by a vote of 90 to 27 and today the Senate voted to approve the House version of the Bill.  SB 2523 would make significant changes to the Business District Law, including clarifying qualification criteria and delineating eligible Business District costs.  The Bill is now on its way to the Governor, who has a maximum of 60 days to sign it into law.

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