Bill Text: IL HB4827 | 2011-2012 | 97th 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 (Republican 1-0)

Status: (Failed) 2013-01-08 - Session Sine Die [HB4827 Detail]

Download: Illinois-2011-HB4827-Introduced.html

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97TH GENERAL ASSEMBLY State of Illinois 2011 and 2012 HB4827 Introduced , by Rep. Tom Cross 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.
LRB097 17436 KMW 62638 b
A BILL FOR
HB4827 LRB097 17436 KMW 62638 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 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, 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.)