093_SB0802ham007
LRB093 02941 RCE 16404 a
1 AMENDMENT TO SENATE BILL 802
2 AMENDMENT NO. . Amend Senate Bill 802, AS AMENDED,
3 with reference to page and line numbers of House Amendment
4 No. 1, on page 7, line 22, by changing "Every" to "(a)
5 Every"; and
6 on page 8, below line 3, by inserting the following:
7 "(b) If any municipality exercises its condemnation
8 powers or any other powers to acquire property granted by
9 this Section or by the O'Hare Modernization Act over any real
10 property located within the territorial limits of any other
11 municipality or unit of local government, the municipality
12 exercising those powers must grant full compensation to the
13 other municipality or unit of local government within which
14 these condemnation powers or other acquisition powers are
15 being exercised. For the purpose of this subsection, "full
16 compensation" means compensation for any property tax revenue
17 or other revenue that the municipality or other unit of local
18 government within which these condemnation powers or other
19 acquisition powers are being exercised would have enjoyed
20 throughout the entire useful life of the real property that
21 has been condemned or otherwise acquired under the powers
22 granted by this Section.".