92nd General Assembly
Summary of SB1262
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Senate Sponsors:
PHILIP.

House Sponsors:
JOHNSON

Short description: 
AIRPORT AUTHORITIES ACT-TECH                                               

Synopsis of Bill as introduced:
        Amends the Airport Authorities Act.  Makes a technical change  to      
   the Metropolitan Airport Authority.                                         
        SENATE AMENDMENT NO. 1.                                                
          Deletes reference to:                                                
          70 ILCS 5/2.7                                                        
          Adds reference to:                                                   
          70 ILCS 5/13.2 new                                                   
          70 ILCS 5/13.3 new                                                   
        Deletes everything. Amends the Airport Authorities Act. Autho-         
   rizes an airport authority to prepare and update a 5-year capital im-       
   provement program and yearly capital budgets based on the program.          
   Authorizes an airport authority to appropriate annually for implement-      
   ing the capital improvement program an amount not exceeding 3% of the       
   equalized assessed value of property subject to taxation by the air-        
   port authority. Effective immediately.                                      
        HOUSE AMENDMENT NO. 1.                                                 
          Deletes reference to:                                                
          70 ILCS 5/13.2 new                                                   
          70 ILCS 5/13.3 new                                                   
          Adds reference to:                                                   
          70 ILCS 5/2a.1                  from Ch. 15 1/2, par. 68.2a1         
        Deletes everything. Amends the Airport Authorities Act.  Makes  a      
   technical  change  in a Section concerning the petition to set forth a      
   tax rate.                                                                   
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   1


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 Full Text  Bill Status