IL SB3397

Creates the Northern Illinois Airport Authority within Lake County to maintain, develop, and operate Waukegan National Airport and Waukegan Marina and Harbor.

Authority is established 30 days after board members are appointed and the Secretary of State issues a certificate of incorporation.

Dissolves the Waukegan Port District upon establishment of the Authority, with the Authority assuming all property, assets, liabilities, and bonded indebtedness of the Port District.

Board of Commissioners consists of Lake County residents: current Waukegan Port District board members serve their remaining terms, with successors appointed by Lake County board chairman (4 commissioners) and Waukegan mayor (3 commissioners) for six-year terms.

Repeals the Waukegan Port District Act.