96TH GENERAL ASSEMBLY
State of Illinois
2009 and 2010
HB5780


 
Introduced 2/9/2010, by Rep. David E. Miller
 
SYNOPSIS AS INTRODUCED:
 		













35 ILCS 200/18-203 new










    Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a school board may, with referendum approval, elect to provide that the aggregate extension of the school district does not include any extension made: (i) for fire prevention and safety purposes under the School Code; and (ii) to pay the principal and interest on fire prevention and safety bonds issued under the School Code or on bonds issued to refund any fire prevention and safety bonds. Sets forth requirements for the referendum. Effective immediately.
















LRB096 17166 HLH 32498 b

















FISCAL NOTE ACT MAY APPLY


HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
















 


 


A BILL FOR









 











HB5780

LRB096 17166 HLH 32498 b






1
    AN ACT concerning revenue.

 
2
    Be it enacted by the People of the State of Illinois,
 
3
represented in the General Assembly:


 
4
    Section 5. The Property Tax Code is amended  by adding 
5
Section 18-203 as follows:
 
6
    (35 ILCS 200/18-203 new)

7
    Sec. 18-203. School districts; fire prevention and safety.
8
    (a) After referendum approval under subsection (b), a 
9
school board may elect to provide that the aggregate extension 
10
of the school district does not include any extension made for 
11
either or both of the following purposes: (i) for fire 
12
prevention and safety purposes under Section 17-2.11 of the 
13
School Code and (ii) to pay the principal and interest on fire 
14
prevention and safety bonds issued under Section 17-2.11 of the 
15
School Code and bonds issued to refund any of those fire 
16
prevention and safety bonds.
17
    (b) The extensions may not be exempted from the district's 
18
aggregate extension under subsection (a) until the question of 
19
exempting the extensions has been submitted to the electors of 
20
the school district at a regular election and approved by a 
21
majority of the electors voting on the question. The school 
22
board must certify the question to the proper election 
23
authority, which must submit the question at an election in 
 


 






HB5780
- 2 -
LRB096 17166 HLH 32498 b




1
accordance with the Election Code.
2
    The election authority must submit the question in 
3
substantially the following form:
4
        Shall the aggregate extension of (name of school 
5
    district) exclude any extension for (levy year) and all 
6
    subsequent levy years made by the district for fire 
7
    prevention and safety purposes under Section 17-2.11 of the 
8
    School Code and  to pay the principal and interest on or to 
9
    refund any fire prevention and safety bonds issued under 
10
    Section 17-2.11 of the School Code?

11
The election authority must record the votes as "Yes" or "No".
12
    If a majority of the electors voting on the question vote 
13
in the affirmative, then the school board may, thereafter, make 
14
the election under subsection (a), and the exemptions from the 
15
district's aggregate extension shall apply for the specified 
16
levy years.

 

17
    Section 99. Effective date. This Act takes effect upon 
18
becoming law.