95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB3596


 
Introduced 2/28/2007, by Rep. Dennis M. Reboletti
 
SYNOPSIS AS INTRODUCED:
 		













65 ILCS 5/8-1-19 new










    Amends the Illinois Municipal Code.  Provides that the City of Chicago shall create a special fund for the purpose of compensating property owners whose property values are diminished because of expansion at O'Hare Airport.  Provides that a portion of the landing fees generated at O'Hare Airport sufficient to cover the costs associated with compensating the property owners shall be deposited into the Fund.
















LRB095 09999 HLH 30213 b

















 


 


A BILL FOR









 











HB3596

LRB095 09999 HLH 30213 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 Illinois Municipal Code is amended  by adding 
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Section 8-1-19 as follows:
 
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    (65 ILCS 5/8-1-19  new)
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    Sec. 8-1-19. O'Hare Expansion Fund.  As soon as possible 
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after the effective date of this amendatory Act of the 95th 
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General Assembly, the corporate authorities of the City of 
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Chicago shall create a special fund for the purpose of 
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compensating property owners whose property values are 
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diminished because of expansion at O'Hare International 
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Airport.  A portion of the landing fees generated at O'Hare 
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International Airport sufficient to cover the costs associated 
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with compensating the property owners shall be deposited into 
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the Fund.