Rep. Jim Durkin

Filed: 5/14/2014

 

 


 

 


 
09800SB3425ham001LRB098 17160 JLK 59605 a

1
AMENDMENT TO SENATE BILL 3425

2    AMENDMENT NO. ______. Amend Senate Bill 3425 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The Illinois Municipal Code is amended by
5changing Section 8-4-1 as follows:
 
6    (65 ILCS 5/8-4-1)  (from Ch. 24, par. 8-4-1)
7    Sec. 8-4-1. No bonds shall be issued by the corporate
8authorities of any municipality until the question of
9authorizing such bonds has been submitted to the electors of
10that municipality provided that notice of the bond referendum,
11if held before July 1, 1999, has been given in accordance with
12the provisions of Section 12-5 of the Election Code in effect
13at the time of the bond referendum, at least 10 and not more
14than 45 days before the date of the election, notwithstanding
15the time for publication otherwise imposed by Section 12-5, and
16approved by a majority of the electors voting upon that

 

 

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1question. Notices required in connection with the submission of
2public questions on or after July 1, 1999 shall be as set forth
3in Section 12-5 of the Election Code. The clerk shall certify
4the proposition of the corporate authorities to the proper
5election authority who shall submit the question at an election
6in accordance with the general election law, subject to the
7notice provisions set forth in this Section.
8    Notice of any such election shall contain the amount of the
9bond issue, purpose for which issued, and maximum rate of
10interest.
11    In addition to all other authority to issue bonds, the
12Village of Indian Head Park is authorized to issue bonds for
13the purpose of paying the costs of making roadway improvements
14in an amount not to exceed the aggregate principal amount of
15$2,500,000, provided that 60% of the votes cast at the general
16primary election held on March 18, 2014 are cast in favor of
17the issuance of the bonds, and the bonds are issued by December
1831, 2014.
19    However, without the submission of the question of issuing
20bonds to the electors, the corporate authorities of any
21municipality may authorize the issuance of any of the following
22bonds:
23        (1) Bonds to refund any existing bonded indebtedness;
24        (2) Bonds to fund or refund any existing judgment
25    indebtedness;
26        (3) In any municipality of less than 500,000

 

 

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1    population, bonds to anticipate the collection of
2    installments of special assessments and special taxes
3    against property owned by the municipality and to
4    anticipate the collection of the amount apportioned to the
5    municipality as public benefits under Article 9;
6        (4) Bonds issued by any municipality under Sections
7    8-4-15 through 8-4-23, 11-23-1 through 11-23-12, 11-25-1
8    through 11-26-6, 11-71-1 through 11-71-10, 11-74.3-1
9    through 11-74.3-7, 11-74.4-1 through 11-74.4-11, 11-74.5-1
10    through 11-74.5-15, 11-94-1 through 11-94-7, 11-102-1
11    through 11-102-10, 11-103-11 through 11-103-15, 11-118-1
12    through 11-118-6, 11-119-1 through 11-119-5, 11-129-1
13    through 11-129-7, 11-133-1 through 11-133-4, 11-139-1
14    through 11-139-12, 11-141-1 through 11-141-18 of this Code
15    or 10-801 through 10-808 of the Illinois Highway Code, as
16    amended;
17        (5) Bonds issued by the board of education of any
18    school district under the provisions of Sections 34-30
19    through 34-36 of The School Code, as amended;
20        (6) Bonds issued by any municipality under the
21    provisions of Division 6 of this Article 8; and by any
22    municipality under the provisions of Division 7 of this
23    Article 8; or under the provisions of Sections 11-121-4 and
24    11-121-5;
25        (7) Bonds to pay for the purchase of voting machines by
26    any municipality that has adopted Article 24 of The

 

 

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1    Election Code, approved May 11, 1943, as amended;
2        (8) Bonds issued by any municipality under Sections 15
3    and 46 of the "Environmental Protection Act", approved June
4    29, 1970;
5        (9) Bonds issued by the corporate authorities of any
6    municipality under the provisions of Section 8-4-25 of this
7    Article 8;
8        (10) Bonds issued under Section 8-4-26 of this Article
9    8 by any municipality having a board of election
10    commissioners;
11        (11) Bonds issued under the provisions of "An Act to
12    provide the manner of levying or imposing taxes for the
13    provision of special services to areas within the
14    boundaries of home rule units and nonhome rule
15    municipalities and counties", approved September 21, 1973;
16        (12) Bonds issued under Section 8-5-16 of this Code;
17        (13) Bonds to finance the cost of the acquisition,
18    construction or improvement of water or wastewater
19    treatment facilities mandated by an enforceable compliance
20    schedule developed in connection with the federal Clean
21    Water Act or a compliance order issued by the United States
22    Environmental Protection Agency or the Illinois Pollution
23    Control Board; provided that such bonds are authorized by
24    an ordinance adopted by a three-fifths majority of the
25    corporate authorities of the municipality issuing the
26    bonds which ordinance shall specify that the construction

 

 

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1    or improvement of such facilities is necessary to alleviate
2    an emergency condition in such municipality;
3        (14) Bonds issued by any municipality pursuant to
4    Section 11-113.1-1;
5        (15) Bonds issued under Sections 11-74.6-1 through
6    11-74.6-45, the Industrial Jobs Recovery Law of this Code;
7        (16) Bonds issued under the Innovation Development and
8    Economy Act, except as may be required by Section 35 of
9    that Act.
10(Source: P.A. 96-939, eff. 6-24-10; 96-1394, eff. 7-29-10;
1197-333, eff. 8-12-11.)
 
12    Section 99. Effective date. This Act takes effect upon
13becoming law.".