(70 ILCS 5/13.1) (from Ch. 15 1/2, par. 68.13a)
Sec. 13.1.
In any Authority in which there has been established a
maximum annual tax rate which is less than the maximum rate otherwise
applicable by the terms of Section 13, the Board may, by ordinance or
resolution duly adopted, cause to be submitted to the legal voters of
the Authority a proposition to increase such maximum tax rate to a rate
not exceeding the specific maximum rate set forth in Section 13 by certifying
proposition and the ordinance or resolution to the proper election officials,
who shall submit the proposition to the voters at an election in accordance
with the general election law. In addition to the requirements of the general
election law, notice of the submission of such proposition at any election
shall be given in the manner prescribed in Section 14.5. The proposition
shall be in substantially
the following form:
-------------------------------------------------------------- Shall the maximum generaltax rate of the.... Airport YESAuthority be increased from -------------------------....% to....% of full, fair NOcash value?--------------------------------------------------------------
If a majority of the legal voters of the Authority voting upon such
proposition vote in favor thereof, the Board may thereafter levy a tax
not to exceed the rate so authorized.
The limits of the tax rate and the authority to levy as set in this
Section do not include the rate of or authority to levy taxes required
for lease payments to any Public Building Commission. The tax rate
necessary and the authority to levy taxes for such lease payments are in
addition to such limits and are without limitation as to rate or amount.
(Source: P.A. 81-1489.)
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