OFFICE OF THE MAYOR
CITY OF CHICAGO
RAHM EMANUEL MAYOR
March 13,2019
TO THE HONORABLE, THE CITY COUNCIL OF THE CITY OF CHICAGO
Ladies and Gentlemen:
At the request of the Budget Director, I transmit herewith an ordinance amending Municipal Code regarding Foreign Fire Insurance.
Your favorable consideration of this ordinance will be appreciated.
Mayor
Very truly yours,
ORDINANCE
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO:
SECTION 1. Chapter 4-308 of the Municipal Code of Chicago is hereby amended by deleting the language stricken through, by inserting the language underscored, and by adding new Section 4-308-025, as follows:
4-308-020 Payment to ©City for benefit of fFire dDepartment.
Any such corporation, company or association not incorporated under the laws of the State of Illinois which is engaged in the city in effecting fire insurance shall annually pay to the eComptroller for the maintenance, use and benefit of the fFire dDepartment of the eCity, as provided in Section 4-308-025, a sum of money equal in amount to two percent per annum of the gross receipts received for premiums by any and all agents of any such corporation, company or association during the year ending on the first day of July, for any insurance effected or agreed to be effected in said city by or with any such corporation, company or association during such year.
4-308-025 Expenditure of foreign fire insurance tax revenue.
For purposes of this Section, the following definition shall apply:
"Act" means Public Act 100-0656, codified at 65 ILCS 5/11-10-2(b).
"Active member" means a member of the Department who is not receiving a disability pension, retired, or a deferred pensioner, as defined in 40 ILCS 5/4-105a, ofthe Firemen's Annuity and Benefit Fund of Chicago.
"Board" means the Department's foreign fire insurance board established pursuant to the Act.
"Commissioner" means the Chicago Fire Commissioner. "Department" means the Chicago Fire Department.
"Eth...
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