Bill Text: IL SB2573 | 2019-2020 | 101st 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) 2021-01-13 - Session Sine Die [SB2573 Detail]

Download: Illinois-2019-SB2573-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 SB2573 Introduced 1/29/2020, by Sen. William E. Brady 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.
LRB101 17059 AWJ 66459 b
A BILL FOR
SB2573 LRB101 17059 AWJ 66459 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.)