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| 1 | AMENDMENT TO HOUSE BILL 2909
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| 2 | AMENDMENT NO. ______. Amend House Bill 2909 by replacing | ||||||
| 3 | everything after the enacting clause with the following:
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| 4 | "Section 3. The Property Tax Code is amended by adding | ||||||
| 5 | Section 9-195.1 as follows: | ||||||
| 6 | (35 ILCS 200/9-195.1 new) | ||||||
| 7 | Sec. 9-195.1. Leases of certain real property. If the | ||||||
| 8 | property located at 558 West De Koven Street in Chicago becomes | ||||||
| 9 | an asset of the Firemen's Annuity and Benefit Fund by operation | ||||||
| 10 | of Section 6-165.3 of the Illinois Pension Code, and if the | ||||||
| 11 | Fund subsequently leases the property to an entity whose | ||||||
| 12 | property is not exempt, then the leasehold estate and the | ||||||
| 13 | appurtenances shall be listed as the property of the lessee or | ||||||
| 14 | his or her assignee. Taxes on that property shall be collected | ||||||
| 15 | in the same manner as on property that is not exempt, and the | ||||||
| 16 | lessee shall be liable for those taxes. However, no tax lien | ||||||
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| 1 | shall attach to the exempt real estate. | ||||||
| 2 | Section 5. The Illinois Pension Code is amended by adding | ||||||
| 3 | Section 6-165.3 as follows: | ||||||
| 4 | (40 ILCS 5/6-165.3 new) | ||||||
| 5 | Sec. 6-165.3. Use of certain real property. If the city | ||||||
| 6 | discontinues use of the property located at 558 West De Koven | ||||||
| 7 | Street in Chicago as an academy for the training of | ||||||
| 8 | firefighters, the city shall, as soon as practicable, transfer | ||||||
| 9 | the property to the Fund. The transferred property shall be | ||||||
| 10 | considered an asset of the Fund, but shall not be considered as | ||||||
| 11 | part of the city's required contribution under Section 6-165 in | ||||||
| 12 | any year or to meet the funding obligation under Section | ||||||
| 13 | 6-165.2 in any year. In administering the asset, the Fund shall | ||||||
| 14 | exercise its fiduciary duties; however, in accordance with | ||||||
| 15 | those fiduciary duties, the Fund shall prioritize uses that add | ||||||
| 16 | value to the Chicago Fire Department and its membership. If the | ||||||
| 17 | property is transferred to the Fund, the Fund may not sell that | ||||||
| 18 | property without the affirmative vote of the three-fifths of | ||||||
| 19 | the members of the board. The conveyance of the property | ||||||
| 20 | located at 558 West De Koven Street in Chicago is an exclusive | ||||||
| 21 | power and function of the State. This Section is a denial and | ||||||
| 22 | limitation of home rule powers under subsection (h) of Section | ||||||
| 23 | 6 of Article VII of the Illinois Constitution. | ||||||
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| 1 | Section 90. The State Mandates Act is amended by adding | ||||||
| 2 | Section 8.43 as follows: | ||||||
| 3 | (30 ILCS 805/8.43 new) | ||||||
| 4 | Sec. 8.43. Exempt mandate. Notwithstanding Sections 6 and 8 | ||||||
| 5 | of this Act, no reimbursement by the State is required for the | ||||||
| 6 | implementation of any mandate created by this amendatory Act of | ||||||
| 7 | the 101st General Assembly.
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| 8 | Section 99. Effective date. This Act takes effect upon | ||||||
| 9 | becoming law.".
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