The bill would amend Section 15 of the Tax Increment Finance Authority Act, which allows a tax increment finance authority to sell tax increment bonds to finance a development program, to specify that the bonds would be subject to the Revised Municipal Finance Act and would be considered single series bonds for purposes of that Act. In addition, the bill would delete provisions that require bonds issued under Section 15 to mature in 30 years or less, and provisions that pertain to refunding bonds. (The Revised Municipal Finance Act prescribes term limits for bonds, and requirements for refunding bonds.)