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| | 102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
SB1422 Introduced 2/25/2021, by Sen. Dan McConchie 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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| | SB1422 | | LRB102 11200 AWJ 16532 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 |
| 12 | | tax rate shall be included in the
proposition submitted as |
| 13 | | provided in Section 2.3, and, in the event the
Authority is |
| 14 | | established, the aggregate amount of its taxes for any one
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| 15 | | year, exclusive of the amount levied for bonded indebtedness |
| 16 | | or interest
thereon, shall not exceed such maximum tax rate, |
| 17 | | unless an increase in such
maximum rate is authorized by vote |
| 18 | | of the electors within the Authority as
provided in Section |
| 19 | | 13.1. |
| 20 | | (Source: Laws 1963, p. 1837.)
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