HB5735 Summary

• Appropriates $294,714,100 in total funds to the Metropolitan Pier and Exposition Authority for fiscal year beginning July 1, 2024

• Appropriates $262,714,100 from the McCormick Place Expansion Project Fund for debt service on McCormick Place Expansion Project Bonds, trustee fees, and legal expenses

• Appropriates $15,000,000 from the Metropolitan Pier and Exposition Authority Incentive Fund for corporate purposes and incentive grant funds

• Appropriates $17,000,000 from the Chicago Travel Industry Promotion Fund as a grant to Choose Chicago

• Takes effect July 1, 2024