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Who is Authorized to Exercise TIF Powers?

April 26, 2017authorized Exercise powers TIF

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Who is Authorized to Exercise TIF Powers?

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The TIF Act authorizes development authorities within municipalities to create TIF districts. TIF authorities include cities using the municipal development districts law, housing and redevelopment authorities, port authorities, economic development authorities, and rural development financing authorities. Counties do not have TIF authority per se but can establish housing and redevelopment authorities and economic development authorities.Additional information may be obtained by clicking here.

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10 Posted

The TIF Act authorizes development authorities within municipalities to create TIF districts. TIF authorities include cities using the municipal development districts law, housing and redevelopment authorities, port authorities, economic development authorities, and rural development financing authorities. Counties do not have TIF authority per se but can establish housing and redevelopment authorities and economic development authorities. Click here to go to the House of Representatives House Research website for additional information.