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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
HB1679
Introduced 2/14/2005, by Rep. Michael J. Madigan - Barbara Flynn Currie - Harry Osterman SYNOPSIS AS INTRODUCED:
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70 ILCS 5/2a.1 |
from Ch. 15 1/2, par. 68.2a1 |
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Amends the Airport Authorities Act. Makes a technical change in a Section
concerning the petition to set forth a tax rate.
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A BILL FOR
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HB1679 |
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LRB094 03138 MKM 33139 b |
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| AN ACT concerning local government.
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| Be it enacted by the People of the State of Illinois, |
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| represented in the General Assembly:
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| Section 5. The Airport Authorities Act is amended by |
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| changing Section 2a.1 Petition-Setting forth tax rate as |
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| follows:
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| (70 ILCS 5/2a.1) (from Ch. 15 1/2, par. 68.2a1)
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| Sec. 2a.1 Petition-Setting forth tax rate.
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The petition may, in addition to the
the matters required |
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| to be set forth in
Section 2.1, also set forth a tax rate, not |
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| to exceed the rate specified
in Section 13, as the maximum tax |
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| rate for the proposed Authority. In
such case, such proposed |
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| maximum tax rate shall be included in the
proposition submitted |
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| as provided in Section 2.3, and, in the event the
Authority is |
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| established, the aggregate amount of its taxes for any one
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| year, exclusive of the amount levied for bonded indebtedness or |
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| interest
thereon, shall not exceed such maximum tax rate, |
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| unless an increase in such
maximum rate is authorized by vote |
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| of the electors within the Authority as
provided in Section |
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| 13.1. |
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| (Source: Laws 1963, p. 1837.)
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