MUNI TIF EXTEND-EAST PEORIA

Amends the Tax Increment Allocation Redevelopment Act in the Illinois Municipal Code. Provides that the redevelopment project in the West Washington Street TIF district and the Camp Street TIF district created by ordinances that were adopted on June 11, 2002 by the City of East Peoria must be completed by December 31 of the 35th year (now, the 23rd year) after the year in which the ordinances were adopted. Makes revisory changes. Contains a non-acceleration clause. Effective immediately.