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92_HB4892 LRB9213474BDdv 1 AN ACT concerning municipalities. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Municipal Code is amended by 5 changing Section 11-102-4 as follows: 6 (65 ILCS 5/11-102-4) (from Ch. 24, par. 11-102-4) 7 Sec. 11-102-4. (a) Every municipality specified in 8 Section 11-102-1 may contract for the removal or relocation 9 of all buildings, railways, mains, pipes, conduits, wires, 10 poles, and all other structures, facilities and equipment 11 which may interfere with the location, expansion or 12 improvement of any public airport, or with the safe approach 13 thereto or take-off therefrom by aircraft, and may acquire by 14 gift, grant, lease, purchase, condemnation or otherwise any 15 private property, public property or property devoted to any 16 public use or rights or easements therein for any purpose 17 authorized by this Section and Sections 11-102-1 through 18 11-102-3. 19 (b) If any municipality exercises its condemnation 20 powers or any other powers to acquire property granted by 21 this Section over any real property located within the 22 territorial limits of any other municipality or unit of local 23 government, the municipality exercising those powers must 24 grant full compensation to the other municipality or unit of 25 local government within which these condemnation powers or 26 other acquisition powers are being exercised. For the purpose 27 of this subsection, "full compensation" means compensation 28 for any property tax revenue or other revenue that the 29 municipality or other unit of local government within which 30 these condemnation powers or other acquisition powers are 31 being exercised would have enjoyed throughout the entire -2- LRB9213474BDdv 1 useful life of the real property that has been condemned or 2 otherwise acquired under the powers granted by this Section. 3 (Source: Laws 1961, p. 576.) 4 Section 99. Effective date. This Act takes effect upon 5 becoming law.