| ||||
| Public Act 098-0654 | ||||
| ||||
| ||||
AN ACT concerning local government.
| ||||
Be it enacted by the People of the State of Illinois,
| ||||
represented in the General Assembly:
| ||||
Section 5. The Illinois Municipal Code is amended by | ||||
changing Section 8-4-1 as follows:
| ||||
(65 ILCS 5/8-4-1) (from Ch. 24, par. 8-4-1)
| ||||
Sec. 8-4-1.
No bonds shall be issued by the corporate | ||||
authorities
of any municipality until the question of | ||||
authorizing such bonds has
been submitted to the electors of | ||||
that municipality
provided that notice of the bond referendum, | ||||
if
held before July 1, 1999,
has been given in accordance with | ||||
the provisions of Section
12-5
of the Election Code in effect | ||||
at the time of the bond referendum, at least
10 and not more | ||||
than 45 days before the date of
the election, notwithstanding | ||||
the time for publication otherwise imposed by
Section 12-5,
and | ||||
approved by a
majority of the electors voting upon that | ||||
question.
Notices required in connection with the submission of | ||||
public questions
on or after July 1, 1999 shall be as set forth | ||||
in Section 12-5 of the Election
Code.
The clerk shall certify
| ||||
the proposition of the corporate authorities to the proper | ||||
election
authority who shall submit the question at an election | ||||
in accordance with
the general election law, subject to the | ||||
notice provisions set forth in this
Section.
| ||||
Notice of any such election shall contain the amount of the | ||
bond
issue, purpose for which issued, and maximum rate of | ||
interest.
| ||
In addition to all other authority to issue bonds, the | ||
Village of Indian Head Park is authorized to issue bonds for | ||
the purpose of paying the costs of making roadway improvements | ||
in an amount not to exceed the aggregate principal amount of | ||
$2,500,000, provided that 60% of the votes cast at the general | ||
primary election held on March 18, 2014 are cast in favor of | ||
the issuance of the bonds, and the bonds are issued by December | ||
31, 2014. | ||
However, without the submission of the question of issuing | ||
bonds to the
electors, the corporate authorities of any | ||
municipality may authorize the
issuance of any of the following | ||
bonds:
| ||
(1) Bonds to refund any existing bonded indebtedness;
| ||
(2) Bonds to fund or refund any existing judgment | ||
indebtedness;
| ||
(3) In any municipality of less than 500,000 | ||
population, bonds to
anticipate the collection of | ||
installments of special assessments and
special taxes | ||
against property owned by the municipality and to
| ||
anticipate the collection of the amount apportioned to the | ||
municipality
as public benefits under Article 9;
| ||
(4) Bonds issued by any municipality under Sections | ||
8-4-15 through
8-4-23, 11-23-1 through 11-23-12, 11-25-1 | ||
through 11-26-6, 11-71-1
through 11-71-10, 11-74.3-1 | ||
through 11-74.3-7, 11-74.4-1 through 11-74.4-11, 11-74.5-1 | ||
through
11-74.5-15,
11-94-1 through 11-94-7, 11-102-1 | ||
through 11-102-10,
11-103-11 through 11-103-15, 11-118-1 | ||
through 11-118-6, 11-119-1 through
11-119-5, 11-129-1 | ||
through 11-129-7, 11-133-1 through 11-133-4, 11-139-1
| ||
through 11-139-12, 11-141-1 through 11-141-18 of this Code | ||
or 10-801
through 10-808 of the Illinois Highway Code, as | ||
amended;
| ||
(5) Bonds issued by the board of education of any | ||
school district
under the provisions of Sections 34-30 | ||
through 34-36 of The School Code,
as amended;
| ||
(6) Bonds issued by any municipality under the | ||
provisions of
Division 6 of this Article 8; and by any | ||
municipality under the
provisions of Division 7 of this | ||
Article 8; or under the provisions of
Sections 11-121-4 and | ||
11-121-5;
| ||
(7) Bonds to pay for the purchase of voting machines by | ||
any
municipality that has adopted Article 24 of The | ||
Election Code, approved
May 11, 1943, as amended;
| ||
(8) Bonds issued by any municipality under Sections 15 | ||
and 46 of the
"Environmental Protection Act", approved June | ||
29, 1970;
| ||
(9) Bonds issued by the corporate authorities of any | ||
municipality
under the provisions of Section 8-4-25 of this | ||
Article 8;
| ||
(10) Bonds issued under Section 8-4-26 of this Article | ||
8 by any
municipality having a board of election | ||
commissioners;
| ||
(11) Bonds issued under the provisions of "An Act to | ||
provide the
manner of levying or imposing taxes for the | ||
provision of special
services to areas within the | ||
boundaries of home rule units and nonhome
rule | ||
municipalities and counties", approved September 21, 1973;
| ||
(12) Bonds issued under Section 8-5-16 of this Code;
| ||
(13) Bonds to finance the cost of the acquisition, | ||
construction or
improvement of water or wastewater | ||
treatment facilities mandated by an
enforceable compliance | ||
schedule developed in connection with the federal
Clean | ||
Water Act or a compliance order issued by the United States
| ||
Environmental Protection Agency or the Illinois Pollution | ||
Control Board;
provided that such bonds are authorized by | ||
an ordinance adopted by a
three-fifths majority of the | ||
corporate authorities of the municipality
issuing the | ||
bonds which ordinance shall specify that the construction | ||
or
improvement of such facilities is necessary to alleviate | ||
an emergency
condition in such municipality;
| ||
(14) Bonds issued by any municipality pursuant to | ||
Section
11-113.1-1;
| ||
(15) Bonds issued under Sections 11-74.6-1 through | ||
11-74.6-45, the
Industrial Jobs Recovery Law of this Code;
| ||
(16) Bonds issued under the Innovation Development and | ||
Economy Act, except as may be required by Section 35 of | ||
that Act. | ||
(Source: P.A. 96-939, eff. 6-24-10; 96-1394, eff. 7-29-10; | ||
97-333, eff. 8-12-11.)
| ||
Section 99. Effective date. This Act takes effect upon | ||
becoming law. | ||