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Monday, February 6, 2012

"Green" SSA Bill Starts Spring Legislative Session

One early item of interest in the spring legislative session is Ill. H.B. 28.  The proposed legislation would authorize counties and municipalities to establish "green" special service areas for energy efficiency improvements, renewable energy improvements, water use improvements, or a combination of those improvements.  Property could only be included in a "green" SSA if the property owner has executed an agreement with the county or municipality consenting to the SSA.  Once established, counties and municipalities would be authorized to levy property taxes and issue bonds to finance "green" improvements within the SSA area. 

Stay tuned because we may see other land use and development legislation before the February 10, 2012 deadline to introduce substantive bills in the Illinois Senate, and February 16, 2012 in the Illinois House.

Post Authored by Dan Bolin, Ancel Glink.


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