103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1226 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED: 65 ILCS 5/11-76-7 new Amends the Illinois Municipal Code. Provides that the city council of a municipality may not adopt an ordinance or resolution selling the right to use or profit from a municipal asset, such as water resources, without first conducting a public hearing followed by a referendum approving the sale at the election next following the public hearing. LRB103 24795 AWJ 51124 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1226 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED: 65 ILCS 5/11-76-7 new 65 ILCS 5/11-76-7 new Amends the Illinois Municipal Code. Provides that the city council of a municipality may not adopt an ordinance or resolution selling the right to use or profit from a municipal asset, such as water resources, without first conducting a public hearing followed by a referendum approving the sale at the election next following the public hearing. LRB103 24795 AWJ 51124 b LRB103 24795 AWJ 51124 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1226 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED: 65 ILCS 5/11-76-7 new 65 ILCS 5/11-76-7 new 65 ILCS 5/11-76-7 new Amends the Illinois Municipal Code. Provides that the city council of a municipality may not adopt an ordinance or resolution selling the right to use or profit from a municipal asset, such as water resources, without first conducting a public hearing followed by a referendum approving the sale at the election next following the public hearing. LRB103 24795 AWJ 51124 b LRB103 24795 AWJ 51124 b LRB103 24795 AWJ 51124 b A BILL FOR HB1226LRB103 24795 AWJ 51124 b HB1226 LRB103 24795 AWJ 51124 b HB1226 LRB103 24795 AWJ 51124 b 1 AN ACT concerning local government. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Illinois Municipal Code is amended by 5 adding Section 11-76-7 as follows: 6 (65 ILCS 5/11-76-7 new) 7 Sec. 11-76-7. Sale of rights to municipal assets. 8 (a) Notwithstanding any other provision of law, the city 9 council of a municipality may not adopt an ordinance or 10 resolution selling the right to use or profit from municipal 11 assets, such as water resources, without first conducting a 12 public hearing followed by a referendum of the electors at the 13 election next following the public hearing. If the electors 14 approve by referendum the sale of the right to use or profit 15 from the municipal asset, the city council may adopt an 16 ordinance or resolution selling the right to use or profit 17 from the municipal asset or assets according to the provisions 18 of the referendum. 19 (b) A home rule municipality may not regulate the sale of 20 the right to use or profit from a municipal asset in a manner 21 inconsistent with this Section. This Section is a limitation 22 under subsection (i) of Section 6 of Article VII of the 23 Illinois Constitution on the concurrent exercise by home rule 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB1226 Introduced , by Rep. Thaddeus Jones SYNOPSIS AS INTRODUCED: 65 ILCS 5/11-76-7 new 65 ILCS 5/11-76-7 new 65 ILCS 5/11-76-7 new Amends the Illinois Municipal Code. Provides that the city council of a municipality may not adopt an ordinance or resolution selling the right to use or profit from a municipal asset, such as water resources, without first conducting a public hearing followed by a referendum approving the sale at the election next following the public hearing. LRB103 24795 AWJ 51124 b LRB103 24795 AWJ 51124 b LRB103 24795 AWJ 51124 b A BILL FOR 65 ILCS 5/11-76-7 new LRB103 24795 AWJ 51124 b HB1226 LRB103 24795 AWJ 51124 b HB1226- 2 -LRB103 24795 AWJ 51124 b HB1226 - 2 - LRB103 24795 AWJ 51124 b HB1226 - 2 - LRB103 24795 AWJ 51124 b 1 units of powers and functions exercised by the State. HB1226 - 2 - LRB103 24795 AWJ 51124 b