Bill Status of SB 83   93rd General Assembly

Short Description:  PROP TAX-EXTENSION LIMIT-BONDS

Senate Sponsors
Sen. Terry Link-Lawrence M. Walsh and Susan Garrett

House Sponsors
(Rep. Angelo Saviano-Jack McGuire-Robert S. Molaro-Karen A. Yarbrough-Eddie Washington, Susana Mendoza, Lovana Jones, Julie Hamos, Marlow H. Colvin, Karen May and Deborah L. Graham)


Last Action  View All Actions

DateChamber Action
  11/25/2003SenatePublic Act . . . . . . . . . 93-0601

Statutes Amended In Order of Appearance
35 ILCS 200/18-185

Synopsis As Introduced
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that "debt service extension base" means, for park districts (i) that were first subject to this Law in 1991 or 1995 and (ii) whose extension for the 1994 levy year for the payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds) was less than 51% of the amount for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds), an amount equal to that portion of the extension for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds). Provides that "excluded non-referendum bonds" means (i) bonds authorized for certain aquarium and museum projects, (ii) double-barrelled bonds, and (iii) refunding obligations issued to refund or to continue to refund obligations initially issued pursuant to referendum.

Senate Committee Amendment No. 1
Adds reference to:
70 ILCS 810/21.2 new
70 ILCS 810/42from Ch. 96 1/2, par. 6445
70 ILCS 810/44.1from Ch. 96 1/2, par. 6447.1

Deletes everything after the enacting clause. Reinserts the provisions of the bill as introduced and further amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that the term "aggregate extension" excludes special purpose extensions made for payments of principal and interest on bonds authorized by this amendatory Act of the 93rd General Assembly and issued under the Cook County Forest Preserve District Act. Amends the Cook County Forest Preserve District Act. Provides that for the purpose of making capital improvements to any land acquired or to be acquired by the forest preserve district and repairs, reconstruction, rehabilitation, or renovation in connection with any buildings of the district or to acquire equipment for the district, the corporate authorities of the district in which the improvements or buildings are maintained may from time to time incur indebtedness and issue bonds therefor in amounts not exceeding, in the aggregate, $50,000,000. Provides that the corporate authorities of the forest preserve district may issue bonds in amounts not exceeding $52,640,000 (now, $27,640,000) for the purpose of making capital improvements and major repairs in connection with a zoological park. Provides that the corporate authorities of the forest preserve district may issue bonds in amounts not exceeding $32,000,000 (now, $7,000,000) for the purpose of making capital improvements and major repairs in connection with botanical gardens.

 Fiscal Note (Department of Revenue)
 Senate Bill 83 does not create a fiscal impact for the Department of Revenue or the State of Illinois.

Actions 
DateChamber Action
  1/22/2003SenateFiled with Secretary by Sen. Terry Link
  1/22/2003SenateFirst Reading
  1/22/2003SenateReferred to Rules
  1/29/2003SenateAssigned to Revenue
  2/4/2003SenateAdded as Chief Co-Sponsor Sen. Lawrence M. Walsh
  2/5/2003SenateAdded as Co-Sponsor Sen. Christine Radogno
  2/5/2003SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
  2/5/2003SenateSenate Committee Amendment No. 1 Referred to Rules
  2/6/2003SenateAdded as Co-Sponsor Sen. Susan Garrett
  2/18/2003SenateSenate Committee Amendment No. 1 Rules Refers to Revenue
  2/19/2003SenateSenate Committee Amendment No. 1 Adopted
  2/19/2003SenateDo Pass as Amended Revenue; 006-004-000
  2/19/2003SenatePlaced on Calendar Order of 2nd Reading February 26, 2003
  2/28/2003SenateSponsor Removed Sen. Christine Radogno
  3/5/2003SenateFiscal Note Filed
  3/5/2003SenateSecond Reading
  3/5/2003SenatePlaced on Calendar Order of 3rd Reading March 6, 2003
  3/6/2003SenateThird Reading - Passed; 033-020-002
  3/6/2003HouseArrived in House
  3/6/2003HousePlaced on Calendar Order of First Reading
  3/11/2003HouseChief House Sponsor Rep. Angelo Saviano
  3/11/2003HouseFirst Reading
  3/11/2003HouseReferred to Rules Committee
  3/19/2003HouseAdded Alternate Chief Co-Sponsor Rep. Jack McGuire
  3/25/2003HouseAdded Alternate Chief Co-Sponsor Rep. Robert S. Molaro
  3/31/2003HouseAssigned to Revenue Committee
  4/15/2003HouseAdded Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
  4/30/2003HouseAdded Alternate Chief Co-Sponsor Rep. Eddie Washington
  4/30/2003HouseAdded Alternate Co-Sponsor Rep. Susana Mendoza
  5/1/2003HouseDo Pass / Short Debate Revenue Committee; 008-001-000
  5/1/2003HousePlaced on Calendar 2nd Reading - Short Debate
  5/7/2003HouseAdded Alternate Co-Sponsor Rep. Lovana Jones
  5/8/2003HouseSecond Reading - Short Debate
  5/8/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate
  5/13/2003HouseAdded Alternate Co-Sponsor Rep. Julie Hamos
  5/15/2003HouseAdded Alternate Co-Sponsor Rep. Marlow H. Colvin
  5/16/2003HouseCommittee/3rd Reading Deadline Extended-Rule 9(b); May 23, 2003
  5/21/2003HouseAdded Alternate Co-Sponsor Rep. Karen May
  5/23/2003HouseThird Reading/Final Action Deadline Extended-9(b) May 31, 2003
  5/30/2003HouseThird Reading - Short Debate - Passed 064-050-003
  5/30/2003SenatePassed Both Houses
  5/30/2003HouseAdded Alternate Co-Sponsor Rep. Deborah L. Graham
  6/27/2003SenateSent to the Governor
  8/26/2003SenateGovernor Vetoed
  10/23/2003SenatePlaced Calendar Total Veto November 4, 2003
  11/4/2003SenateMotion Filed Override Governor Veto Sen. Terry Link
  11/5/2003Senate3/5 Vote Required
  11/5/2003SenateVerified
  11/5/2003SenateOverride Governor Veto - Senate Lost 035-019-002
  11/5/2003SenateMotion Filed to Reconsider Vote Sen. Gary Forby
  11/5/2003SenateMotion to Reconsider Vote - Prevails 033-019-001
  11/5/2003Senate3/5 Vote Required
  11/5/2003SenateOverride Governor Veto - Senate Passed 036-020-001
  11/6/2003HousePlaced on Calendar Total Veto November 18, 2003
  11/6/2003HouseMotion Filed Override Governor Veto Rep. Angelo Saviano
  11/18/2003House3/5 Vote Required
  11/18/2003HouseOverride Governor Veto - House Passed 075-040-000
  11/18/2003SenateBoth Houses Override Total Veto
  11/25/2003SenateEffective Date January 1, 2004
  11/25/2003SenatePublic Act . . . . . . . . . 93-0601

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