92nd General Assembly
Summary of HB4892
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House Sponsors:

Short description: 
MUNI CD-AIRPORT PROPERTY                                                   

Synopsis of Bill as introduced:
        Amends the Illinois Municipal Code. Requires a municipality  that      
   acquires  real  property  located  in  another municipality or unit of      
   local government  for  certain  airport  purposes  to  compensate  the      
   municipality  or  unit  of  local  government in which the property is      
   located for any  property  tax  revenue  or  other  revenue  that  the      
   municipality  or  other  unit  of  local government would have enjoyed      
   throughout the entire useful life of the real property that  has  been      
   acquired. Effective immediately.                                            
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


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