Bill Text: IL HB1642 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Airport Authorities Act. Makes a technical change in a Section concerning the petition to set forth a tax rate.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2009-04-03 - Rule 19(a) / Re-referred to Rules Committee [HB1642 Detail]

Download: Illinois-2009-HB1642-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB1642 Introduced 2/18/2009, by Rep. Michael J. Madigan - Barbara Flynn Currie - Paul D. Froehlich SYNOPSIS AS INTRODUCED:
70 ILCS 5/2a.1 from Ch. 15 1/2, par. 68.2a1
Amends the Airport Authorities Act. Makes a technical change in a Section concerning the petition to set forth a tax rate.
LRB096 05220 RLJ 15286 b
A BILL FOR
HB1642 LRB096 05220 RLJ 15286 b
AN ACT concerning local government.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Airport Authorities Act is amended by
changing Section 2a.1 as follows:
(70 ILCS 5/2a.1) (from Ch. 15 1/2, par. 68.2a1)
Sec. 2a.1. Petition-Setting forth tax rate. The petition
may, in addition to the matters required to be set forth in
Section 2.1, also set forth a tax rate, not to exceed the rate
specified in Section 13, as the maximum tax rate for the
proposed Authority. In such case, such proposed maximum tax
rate shall be included in the proposition submitted as provided
in Section 2.3, and and, in the event the Authority is
established, the aggregate amount of its taxes for any one
year, exclusive of the amount levied for bonded indebtedness or
interest thereon, shall not exceed such maximum tax rate,
unless an increase in such maximum rate is authorized by vote
of the electors within the Authority as provided in Section
13.1.
(Source: Laws 1963, p. 1837.)