Bill Text: IL HB2909 | 2019-2020 | 101st General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Reinserts the provisions of the introduced bill. Adds provisions amending the Property Tax Code. Provides that, if the property referenced in the introduced bill is transferred to the Firemen's Annuity and Benefit Fund and the Fund subsequently leases the property to an entity whose property is not exempt, then the leasehold estate and the appurtenances shall be listed as the property of the lessee or his or her assignee, and the lessee shall be liable for the property taxes. Provides that the Fund may not sell the property without the affirmative vote of the three-fifths of the members of the board of trustees of the Fund. Preempts home rule powers. Effective immediately.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Engrossed - Dead) 2020-01-20 - Alternate Chief Sponsor Changed to Sen. Don Harmon [HB2909 Detail]

Download: Illinois-2019-HB2909-Introduced.html

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101ST GENERAL ASSEMBLY State of Illinois 2019 and 2020 HB2909 Introduced , by Rep. Robert Martwick SYNOPSIS AS INTRODUCED:
40 ILCS 5/6-165.3 new
30 ILCS 805/8.43 new
Amends the Chicago Firefighter Article of the Illinois Pension Code. Provides that if the city discontinues the use of specified property as an academy for the training of firefighters, the city shall, as soon as practicable, transfer that property to the Fund. Provides that the transferred property shall be considered an asset of the Fund, but shall not be considered as part of the city's required contribution to the Fund in any year. Provides that in administering the asset, the Fund shall exercise its fiduciary duties. Provides that, in accordance with those fiduciary duties, the Fund shall prioritize uses that add value to the Chicago Fire Department and its membership. Amends the State Mandates Act to require implementation without reimbursement by the State. Effective immediately.
LRB101 09109 RPS 54202 b
FISCAL NOTE ACT MAY APPLY PENSION IMPACT NOTE ACT MAY APPLY STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
A BILL FOR
HB2909 LRB101 09109 RPS 54202 b
AN ACT concerning public employee benefits.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Pension Code is amended by adding
Section 6-165.3 as follows:
(40 ILCS 5/6-165.3 new)
Sec. 6-165.3. Use of certain real property. If the city
discontinues use of the property located at 558 West De Koven
Street in Chicago as an academy for the training of
firefighters, the city shall, as soon as practicable, transfer
the property to the Fund. The transferred property shall be
considered an asset of the Fund, but shall not be considered as
part of the city's required contribution under Section 6-165 in
any year or to meet the funding obligation under Section
6-165.2 in any year. In administering the asset, the Fund shall
exercise its fiduciary duties; however, in accordance with
those fiduciary duties, the Fund shall prioritize uses that add
value to the Chicago Fire Department and its membership.
Section 90. The State Mandates Act is amended by adding
Section 8.43 as follows:
(30 ILCS 805/8.43 new)

HB2909 - 2 - LRB101 09109 RPS 54202 b
Sec. 8.43. Exempt mandate. Notwithstanding Sections 6 and 8
of this Act, no reimbursement by the State is required for the
implementation of any mandate created by this amendatory Act of
the 101st General Assembly.
Section 99. Effective date. This Act takes effect upon
becoming law.