(a) No public service company shall construct or maintain any overhead line or facility within the limits of a clear zone.

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(b) (1) Immediately upon July 6, 1971, the executive director shall establish clear zones, in accordance with regulations adopted by the executive director, for all public airport runways, and shall establish a list of priorities for the abatement or correction of encroachments thereon by public service companies. (2) Subject to the availability of funds, the executive director shall, from time to time, order the relocation, removal or such other appropriate corrective action as the executive director deems necessary to abate or correct such encroachments on clear zones.

(c) Where overhead lines already exist within the limits of an established clear zone, the executive director shall reimburse the owner public service company for the cost of relocation, removal or other corrective measures approved by the executive director. Funds required for the implementation of this section shall be appropriated from existing and future appropriations for state aid to airports in accordance with procedures adopted by the authority pursuant to section 1-121.