Bill Text: IL SB2617 | 2015-2016 | 99th 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: (Introduced - Dead) 2016-04-07 - Re-referred to Assignments [SB2617 Detail]

Download: Illinois-2015-SB2617-Introduced.html

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99TH GENERAL ASSEMBLY State of Illinois 2015 and 2016 SB2617 Introduced 2/16/2016, by Sen. Christine Radogno 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.
LRB099 16871 AWJ 41218 b
A BILL FOR
SB2617 LRB099 16871 AWJ 41218 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.)