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| 1 | AMENDMENT TO SENATE BILL 2073
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 2073, AS AMENDED, | ||||||
| 3 | with reference to page and line numbers of House Amendment No. | ||||||
| 4 | 1, on page 2, line 20, after "statement", by inserting ", | ||||||
| 5 | prepared by the municipality or county,"; and
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| 6 | on page 3, by replacing line 23 with the following: | ||||||
| 7 | "containing no owner-occupied residential property, the | ||||||
| 8 | estimated rates shall be"; and | ||||||
| 9 | on page 3, line 24, after "of", by inserting "all"; and | ||||||
| 10 | on page 3, line 25, after "area", by inserting "for the year | ||||||
| 11 | preceding the levy year"; and | ||||||
| 12 | on page 3, line 26, after "containing", by inserting | ||||||
| 13 | "owner-occupied"; and | ||||||
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| 1 | on page 4, by replacing lines 1 through 10 with the following" | ||||||
| 2 | "estimated rates shall be applied separately to: (i) the median | ||||||
| 3 | equalized assessed value of owner-occupied residential | ||||||
| 4 | property within the proposed special service area for the year | ||||||
| 5 | preceding the levy year and (ii) the median equalized assessed | ||||||
| 6 | value of all other property within the proposed special service | ||||||
| 7 | area for the year preceding the levy year. For purposes of this | ||||||
| 8 | Section, "owner-occupied residential property" means property | ||||||
| 9 | for which at least one of the homestead exemptions enumerated | ||||||
| 10 | in Article 15 of this Code has been applied in the year | ||||||
| 11 | preceding the levy year. | ||||||
| 12 | This subsection (i) does not apply to a proposed special | ||||||
| 13 | service area containing only property that is platted and | ||||||
| 14 | subdivided for residential use that does not yet contain | ||||||
| 15 | owner-occupied residential property."; and | ||||||
| 16 | by replacing everything from line 20 on page 4 through line 3 | ||||||
| 17 | on page 5 with the following: | ||||||
| 18 | "Sections
27-30 and 27-35. A levy in an amount greater than | ||||||
| 19 | 105% of the amount extended for the preceding levy year for the | ||||||
| 20 | special service area may be extended only if notice is given | ||||||
| 21 | and a public hearing is held in accordance with Sections 27-30 | ||||||
| 22 | and 27-35.".
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