MUNI CD-TIF EXTENSION LIMIT

Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Provides that, in no case, may the estimated dates of completion of a redevelopment project, the retirement of obligations to finance redevelopment project costs, and the maturity date of refunding obligations be extended later than December 31 of the year in which the payment to the municipal treasurer is to be made with respect to ad valorem taxes levied in the 35th calendar year after the year in which the ordinance approving the redevelopment project area is adopted. Effective immediately.