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

1     AN ACT concerning local government.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The Illinois Municipal Code is amended by adding
5 Section 8-1-19 as follows:
 
6     (65 ILCS 5/8-1-19 new)
7     Sec. 8-1-19. O'Hare Expansion Fund. As soon as possible
8 after the effective date of this amendatory Act of the 95th
9 General Assembly, the corporate authorities of the City of
10 Chicago shall create a special fund for the purpose of
11 compensating property owners whose property values are
12 diminished because of expansion at O'Hare International
13 Airport. A portion of the landing fees generated at O'Hare
14 International Airport sufficient to cover the costs associated
15 with compensating the property owners shall be deposited into
16 the Fund.