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| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
SB2228 Introduced 2/10/2011, by Sen. A. J. Wilhelmi SYNOPSIS AS INTRODUCED:
| | 70 ILCS 5/2a.1 | from Ch. 15 1/2, par. 68.2a1 |
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Amends the Airport Authorities Act. Makes a technical change in a Section
concerning the petition to set forth a tax rate.
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| | A BILL FOR |
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| | SB2228 | | LRB097 10310 RLJ 50516 b |
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1 | | AN ACT concerning local government.
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2 | | Be it enacted by the People of the State of Illinois, |
3 | | represented in the General Assembly:
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4 | | Section 5. The Airport Authorities Act is amended by |
5 | | changing Section 2a.1 as follows:
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6 | | (70 ILCS 5/2a.1) (from Ch. 15 1/2, par. 68.2a1)
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7 | | Sec. 2a.1. Petition-Setting forth tax rate. The
The |
8 | | petition may, in addition to the matters required to be set |
9 | | forth in
Section 2.1, also set forth a tax rate, not to exceed |
10 | | the rate specified
in Section 13, as the maximum tax rate for |
11 | | the proposed Authority. In
such case, such proposed maximum tax |
12 | | rate shall be included in the
proposition submitted as provided |
13 | | in Section 2.3, and, in the event the
Authority is established, |
14 | | the aggregate amount of its taxes for any one
year, exclusive |
15 | | of the amount levied for bonded indebtedness or interest
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16 | | thereon, shall not exceed such maximum tax rate, unless an |
17 | | increase in such
maximum rate is authorized by vote of the |
18 | | electors within the Authority as
provided in Section 13.1. |
19 | | (Source: Laws 1963, p. 1837 .)
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