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IL HB3877
Bill
Status
Introduced
8/29/2019
Primary Sponsor
Thaddeus Jones
Click for details
AI Summary
- Prohibits municipal city councils from selling the right to use or profit from municipal assets, including water resources, without first holding a public hearing followed by voter approval through referendum
- Requires the referendum to be held at the election immediately following the public hearing before any sale can proceed
- Allows city councils to adopt ordinances or resolutions for such sales only after voters approve and only according to the referendum's provisions
- Restricts home rule municipalities from regulating municipal asset sales in ways inconsistent with these requirements
- Amends the Illinois Municipal Code by adding Section 11-76-7
Legislative Description
SALE OF RIGHTS TO MUNI ASSETS
Last Action
Rule 19(b) / Re-referred to Rules Committee
6/23/2020
Committee Referrals
Rules6/23/2020
Cities & Villages2/18/2020
Rules10/17/2019
Full Bill Text
No bill text available