House Sponsors: GRANBERG-LANG-SMITH,MICHAEL-DART-HAMOS, NOVAK, BOLAND, WOOLARD AND WINTERS. Senate Sponsors: WATSON Short description: ILL AERONAUTICS-AIRPORTS-LOANS Synopsis of Bill as introduced: Creates the Land Banking Beneficial Disclosure Act. Provides that no agreement or understanding of any kind may be made or entered into by any department or agency of the State of Illinois with a trustee or beneficiary of a land trust, when the land is intended for use as a correctional facility or for airport purposes, until the beneficial interests in the property or land trust have been fully disclosed in a written statement to the department or agency. Requires the disclosure statement to identify each beneficiary and define his or her interest. Requires the trustee to file the disclosure statement with the recorder of deeds. Effective immediately. FISCAL NOTE (Dept. of Agriculture) HB63 will have no direct fiscal impact on the Department. HOUSE AMENDMENT NO. 1. Adds reference to: 30 ILCS 105/5.490 new 30 ILCS 105/8.36 new 620 ILCS 5/34b new Amends the Illinois Aeronautics Act to allow the Department of Transportation to make loans from the Airport Land Loan Revolving Fund to certain public airport owners for the purchase of real estate needed for essential airport purposes. Provides that repayment of the loans shall be deposited into the Fund. Specifies certain contractual terms of the loan and default penalties and procedures for the loan. Amends the State Finance Act to create the Airport Land Loan Revolving Fund. HOUSE AMENDMENT NO. 2. Further amends the Illinois Aeronautics Act to provide that the Department of Transportation may make loans to public airport owners, outside of the counties of Lake, Cook, Will, Kane, and DuPage (instead of outside the area of operation of the Northeastern Illinois Metropolitan Area Planning Commission). HOUSE AMENDMENT NO. 3. Deletes the substance of House Amendment No. 1. Amends the Illinois Aeronautics Act to provide that loans to public airport authorities for the purchase of land (within a one-half mile radius of an existing airport) from the Airport Land Loan Revolving Fund shall only be made to units of local governments or public airport authorities that currently operate an airport and are in existence on January 1, 1999. Provides that the Department of Transportation may make loans to units of local government or public airport authorities that are in existence as of January 1, 1999 (instead of those that are in existence as of the effective date of this amendatory Act and that operate outside the area of operation of the Northeastern Illin- ois Metropolitan Area Planning Commission). Effective immediately. HOUSE AMENDMENT NO. 6. Deletes reference to: New Act Deletes everything and reinserts the bill as amended by House Amendments No. 1 and No. 2 and removes all of the provisions created by the Land Banking Beneficial Disclosure Act. Effective immediately. SENATE AMENDMENT NO. 1. Removes the condition that the loans be made only to public airport owners outside of the counties of Lake, Cook, Will, Kane, and DuPage. Provides that loans may be made only to public airport owners that are operating an airport as of January 1, 1999. Provides that loans may not be made for airports that provide scheduled commercial air service in counties of greater than 5,000,000 population. Allows the Department of Transportation to promulgate rules to implement the loan program. Makes other changes. Last action on Bill: PUBLIC ACT.............................. 91-0543 Last action date: 99-08-14 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 4 SENATE - 1 END OF INQUIRY Full Text Bill Status