Bill > SB2574

This bill provides appropriations for the Metropolitan Pier and Exposition Authority (MPEA) for the fiscal year beginning July 1, 2025, allocating funds from multiple sources. Specifically, the bill authorizes $244,990,700 from the McCormick Place Expansion Project Fund to cover debt service on the Authority's McCormick Place Expansion Project Bonds and related expenses; $15,000,000 from the Metropolitan Pier and Exposition Authority Incentive Fund for the authority's corporate purposes, including potential incentive grant funds; and $18,032,800 from the Chicago Travel Industry Promotion Fund as a grant to Choose Chicago, a tourism promotion organization. These appropriations are meant to support the MPEA's ongoing operations, debt obligations, and tourism promotion efforts in Chicago. The bill will take effect on July 1, 2025, aligning with the start of the specified fiscal year.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2574&GAID=18&DocTypeID=SB&SessionID=114&GA=104