State of Illinois
91st General Assembly
Legislation

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91_HB3701eng

 
HB3701 Engrossed                               LRB9111218DHmb

 1        AN ACT in relation to airports.

 2        Be it enacted by the People of  the  State  of  Illinois,
 3    represented in the General Assembly:

 4        Section  5.   The  Airport  Authorities Act is amended by
 5    changing Section 2a.1 as follows:

 6        (70 ILCS 5/2a.1) (from Ch. 15 1/2, par. 68.2a1)
 7        Sec.  2a.1.   Petition;  setting  forth  tax  rate.   The
 8    petition  may,  in addition to the matters required to be set
 9    forth in Section 2.1, also set  forth  a  tax  rate,  not  to
10    exceed  the  rate specified in Section 13, as the maximum tax
11    rate for the proposed  Authority.  In  such  case,  the  such
12    proposed   maximum   tax   rate  shall  be  included  in  the
13    proposition submitted as provided in Section 2.3, and, in the
14    event the Authority is established, the aggregate  amount  of
15    its  taxes  for  any one year, exclusive of the amount levied
16    for bonded indebtedness or interest thereon, shall not exceed
17    such maximum tax rate, unless an  increase  in  such  maximum
18    rate  is  authorized  by  vote  of  the  electors  within the
19    Authority as provided in Section 13.1.
20    (Source: Laws 1963, p. 1837.)

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