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91_HB3701eng
HB3701 Engrossed LRB9111218DHmb
1 AN ACT in relation to airports.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Airport Authorities Act is amended by
5 changing Section 2a.1 as follows:
6 (70 ILCS 5/2a.1) (from Ch. 15 1/2, par. 68.2a1)
7 Sec. 2a.1. Petition; setting forth tax rate. 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
10 exceed the rate specified in Section 13, as the maximum tax
11 rate for the proposed Authority. In such case, the such
12 proposed maximum tax rate shall be included in the
13 proposition submitted as provided in Section 2.3, and, in the
14 event the Authority is established, the aggregate amount of
15 its taxes for any one year, exclusive of the amount levied
16 for bonded indebtedness or interest thereon, shall not exceed
17 such maximum tax rate, unless an increase in such maximum
18 rate is authorized by vote of the electors within the
19 Authority as provided in Section 13.1.
20 (Source: Laws 1963, p. 1837.)
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