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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008
HB3596
Introduced 2/28/2007, by Rep. Dennis M. Reboletti SYNOPSIS AS INTRODUCED:
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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.
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A BILL FOR
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HB3596 |
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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.
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