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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB2907
Introduced 2/26/2007, by Rep. Tom Cross 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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HB2907 |
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LRB095 06291 HLH 26386 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 as 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. The
The
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| petition may, in addition to the matters required to be set |
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| forth in
Section 2.1, also set forth a tax rate, not to exceed |
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| the rate specified
in Section 13, as the maximum tax rate for |
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| the proposed Authority. In
such case, such proposed maximum tax |
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| rate shall be included in the
proposition submitted as provided |
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| in Section 2.3, and, in the event the
Authority is established, |
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| the aggregate amount of its taxes for any one
year, exclusive |
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| of the amount levied for bonded indebtedness or interest
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| thereon, shall not exceed such maximum tax rate, unless an |
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| increase in such
maximum rate is authorized by vote of the |
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| electors within the Authority as
provided in Section 13.1.
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| (Source: Laws 1963, p. 1837.)
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