96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB2639

 

Introduced 2/20/2009, 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. Effective immediately.


LRB096 10665 RLJ 20838 b

 

 

A BILL FOR

 

HB2639 LRB096 10665 RLJ 20838 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 96th
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.
 
17     Section 99. Effective date. This Act takes effect upon
18 becoming law.