Bill > HB3938

This bill makes appropriations for the Metropolitan Pier and Exposition Authority (MPEA) for the fiscal year beginning July 1, 2025, allocating funds from multiple sources: First, $244,990,700 is appropriated from the McCormick Place Expansion Project Fund to cover debt service on the Authority's McCormick Place Expansion Project Bonds and related legal expenses; second, $15,000,000 is allocated from the Metropolitan Pier and Exposition Authority Incentive Fund for the authority's general corporate purposes, including potential incentive grant funds; and third, $18,032,800 is appropriated from the Chicago Travel Industry Promotion Fund as a grant to Choose Chicago, a tourism promotion organization. These appropriations are intended to support the MPEA's operations, debt obligations, and tourism promotion efforts in Chicago. The bill will take effect on July 1, 2025, marking the start of the fiscal year for which these funds are designated.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=3938&GAID=18&DocTypeID=HB&SessionID=114&GA=104