Illinois Compiled Statutes 50 ILCS 615/40 – Required offers of employment
Current as of: 2024 | Check for updates
|
Other versions
As part of any transaction to lease facility property that is used for airport purposes:
(1) the lessee must offer employment, under
(1) the lessee must offer employment, under
|
substantially similar terms and conditions, to the employees of the municipality who are employed, at the time of the lease, with respect to the facility property used for airport purposes; and
|
(2) the municipality must offer employment in another
|
department, division, or unit of the municipality, under substantially similar terms and conditions, to employees of the municipality who are employed, at the time of the lease, with respect to the facility property used for airport purposes.
|
Terms Used In Illinois Compiled Statutes 50 ILCS 615/40
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC