(620 ILCS 20/5) (from Ch. 15 1/2, par. 605)
Sec. 5.
The Intergovernmental Agreement executed by any county or municipality
under the "Intergovernmental Cooperation Act" to establish and operate an
airport and its facilities shall provide for the manner of its termination
and disposal of real and personal property and the proceeds of the disposal
of real and personal property; provided, however, that the right of either
a county or a municipality to terminate the Intergovernmental Agreement
shall be abrogated if the county and/or the municipality have entered into
an agreement with the State or federal government or any other
person for the expansion or capital improvement of the airport or its facilities
which obligates the county and the municipality to continue to maintain and
operate the airport and its facilities for the contracted period of years
and termination shall not be effected until such time as the agreement between
the county and/or the municipality and the State or federal government or
other person shall expire.
(Source: P.A. 81-1196.)
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