102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB4677

 

Introduced 1/21/2022, by Rep. Kelly M. Burke

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-185
40 ILCS 5/13-503  from Ch. 108 1/2, par. 13-503
70 ILCS 2605/9.6a  from Ch. 42, par. 328.6a
30 ILCS 805/8.46 new

    Amends the Property Tax Code. Modifies the exclusions to the definition of "aggregate extension" by excluding special purpose extensions made for the purpose of making contributions to the pension fund established under Article 13 of the Illinois Pension Code by use of bonds issued under specified provisions of the Metropolitan Water Reclamation District Act. Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Provides that, beginning in fiscal year 2032 and each year thereafter, the District shall contribute the actuarially determined contribution. Provides that the actuarially determined contribution is equal to the employer's normal cost plus an amount to amortize the unfunded liability on a level percent of payroll basis and bring the total actuarial assets of the Fund up to 100% of the total actuarial liability, calculated using the entry age normal actuarial cost method, by the year 2050. Makes conforming changes. Amends the Metropolitan Water Reclamation District Act. Adds a provision allowing for the corporate authorities of the district to issue bonds in the principal amount of $600,000,000 for the purpose of making contributions to the pension fund without submitting the question of issuing bonds to the voters of the District. Amends the State Mandates Act to require implementation without reimbursement. Effective immediately.


LRB102 24813 AWJ 34058 b

STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT
MAY APPLY

 

 

A BILL FOR

 

HB4677LRB102 24813 AWJ 34058 b

1    AN ACT concerning local government.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 18-185 as follows:
 
6    (35 ILCS 200/18-185)
7    Sec. 18-185. Short title; definitions. This Division 5
8may be cited as the Property Tax Extension Limitation Law. As
9used in this Division 5:
10    "Consumer Price Index" means the Consumer Price Index for
11All Urban Consumers for all items published by the United
12States Department of Labor.
13    "Extension limitation" means (a) the lesser of 5% or the
14percentage increase in the Consumer Price Index during the
1512-month calendar year preceding the levy year or (b) the rate
16of increase approved by voters under Section 18-205.
17    "Affected county" means a county of 3,000,000 or more
18inhabitants or a county contiguous to a county of 3,000,000 or
19more inhabitants.
20    "Taxing district" has the same meaning provided in Section
211-150, except as otherwise provided in this Section. For the
221991 through 1994 levy years only, "taxing district" includes
23only each non-home rule taxing district having the majority of

 

 

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1its 1990 equalized assessed value within any county or
2counties contiguous to a county with 3,000,000 or more
3inhabitants. Beginning with the 1995 levy year, "taxing
4district" includes only each non-home rule taxing district
5subject to this Law before the 1995 levy year and each non-home
6rule taxing district not subject to this Law before the 1995
7levy year having the majority of its 1994 equalized assessed
8value in an affected county or counties. Beginning with the
9levy year in which this Law becomes applicable to a taxing
10district as provided in Section 18-213, "taxing district" also
11includes those taxing districts made subject to this Law as
12provided in Section 18-213.
13    "Aggregate extension" for taxing districts to which this
14Law applied before the 1995 levy year means the annual
15corporate extension for the taxing district and those special
16purpose extensions that are made annually for the taxing
17district, excluding special purpose extensions: (a) made for
18the taxing district to pay interest or principal on general
19obligation bonds that were approved by referendum; (b) made
20for any taxing district to pay interest or principal on
21general obligation bonds issued before October 1, 1991; (c)
22made for any taxing district to pay interest or principal on
23bonds issued to refund or continue to refund those bonds
24issued before October 1, 1991; (d) made for any taxing
25district to pay interest or principal on bonds issued to
26refund or continue to refund bonds issued after October 1,

 

 

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11991 that were approved by referendum; (e) made for any taxing
2district to pay interest or principal on revenue bonds issued
3before October 1, 1991 for payment of which a property tax levy
4or the full faith and credit of the unit of local government is
5pledged; however, a tax for the payment of interest or
6principal on those bonds shall be made only after the
7governing body of the unit of local government finds that all
8other sources for payment are insufficient to make those
9payments; (f) made for payments under a building commission
10lease when the lease payments are for the retirement of bonds
11issued by the commission before October 1, 1991, to pay for the
12building project; (g) made for payments due under installment
13contracts entered into before October 1, 1991; (h) made for
14payments of principal and interest on bonds issued under the
15Metropolitan Water Reclamation District Act to finance
16construction projects initiated before October 1, 1991; (i)
17made for payments of principal and interest on limited bonds,
18as defined in Section 3 of the Local Government Debt Reform
19Act, in an amount not to exceed the debt service extension base
20less the amount in items (b), (c), (e), and (h) of this
21definition for non-referendum obligations, except obligations
22initially issued pursuant to referendum; (j) made for payments
23of principal and interest on bonds issued under Section 15 of
24the Local Government Debt Reform Act; (k) made by a school
25district that participates in the Special Education District
26of Lake County, created by special education joint agreement

 

 

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1under Section 10-22.31 of the School Code, for payment of the
2school district's share of the amounts required to be
3contributed by the Special Education District of Lake County
4to the Illinois Municipal Retirement Fund under Article 7 of
5the Illinois Pension Code; the amount of any extension under
6this item (k) shall be certified by the school district to the
7county clerk; (l) made to fund expenses of providing joint
8recreational programs for persons with disabilities under
9Section 5-8 of the Park District Code or Section 11-95-14 of
10the Illinois Municipal Code; (m) made for temporary relocation
11loan repayment purposes pursuant to Sections 2-3.77 and
1217-2.2d of the School Code; (n) made for payment of principal
13and interest on any bonds issued under the authority of
14Section 17-2.2d of the School Code; (o) made for contributions
15to a firefighter's pension fund created under Article 4 of the
16Illinois Pension Code, to the extent of the amount certified
17under item (5) of Section 4-134 of the Illinois Pension Code;
18and (p) made for road purposes in the first year after a
19township assumes the rights, powers, duties, assets, property,
20liabilities, obligations, and responsibilities of a road
21district abolished under the provisions of Section 6-133 of
22the Illinois Highway Code.
23    "Aggregate extension" for the taxing districts to which
24this Law did not apply before the 1995 levy year (except taxing
25districts subject to this Law in accordance with Section
2618-213) means the annual corporate extension for the taxing

 

 

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1district and those special purpose extensions that are made
2annually for the taxing district, excluding special purpose
3extensions: (a) made for the taxing district to pay interest
4or principal on general obligation bonds that were approved by
5referendum; (b) made for any taxing district to pay interest
6or principal on general obligation bonds issued before March
71, 1995; (c) made for any taxing district to pay interest or
8principal on bonds issued to refund or continue to refund
9those bonds issued before March 1, 1995; (d) made for any
10taxing district to pay interest or principal on bonds issued
11to refund or continue to refund bonds issued after March 1,
121995 that were approved by referendum; (e) made for any taxing
13district to pay interest or principal on revenue bonds issued
14before March 1, 1995 for payment of which a property tax levy
15or the full faith and credit of the unit of local government is
16pledged; however, a tax for the payment of interest or
17principal on those bonds shall be made only after the
18governing body of the unit of local government finds that all
19other sources for payment are insufficient to make those
20payments; (f) made for payments under a building commission
21lease when the lease payments are for the retirement of bonds
22issued by the commission before March 1, 1995 to pay for the
23building project; (g) made for payments due under installment
24contracts entered into before March 1, 1995; (h) made for
25payments of principal and interest on bonds issued under the
26Metropolitan Water Reclamation District Act to finance

 

 

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1construction projects initiated before October 1, 1991; (h-4)
2made for stormwater management purposes by the Metropolitan
3Water Reclamation District of Greater Chicago under Section 12
4of the Metropolitan Water Reclamation District Act or made for
5the purpose of making contributions to the pension fund
6established under Article 13 of the Illinois Pension Code by
7use of bonds issued under Section 9.6a of the Metropolitan
8Water Reclamation District Act; (i) made for payments of
9principal and interest on limited bonds, as defined in Section
103 of the Local Government Debt Reform Act, in an amount not to
11exceed the debt service extension base less the amount in
12items (b), (c), and (e) of this definition for non-referendum
13obligations, except obligations initially issued pursuant to
14referendum and bonds described in subsection (h) of this
15definition; (j) made for payments of principal and interest on
16bonds issued under Section 15 of the Local Government Debt
17Reform Act; (k) made for payments of principal and interest on
18bonds authorized by Public Act 88-503 and issued under Section
1920a of the Chicago Park District Act for aquarium or museum
20projects and bonds issued under Section 20a of the Chicago
21Park District Act for the purpose of making contributions to
22the pension fund established under Article 12 of the Illinois
23Pension Code; (l) made for payments of principal and interest
24on bonds authorized by Public Act 87-1191 or 93-601 and (i)
25issued pursuant to Section 21.2 of the Cook County Forest
26Preserve District Act, (ii) issued under Section 42 of the

 

 

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1Cook County Forest Preserve District Act for zoological park
2projects, or (iii) issued under Section 44.1 of the Cook
3County Forest Preserve District Act for botanical gardens
4projects; (m) made pursuant to Section 34-53.5 of the School
5Code, whether levied annually or not; (n) made to fund
6expenses of providing joint recreational programs for persons
7with disabilities under Section 5-8 of the Park District Code
8or Section 11-95-14 of the Illinois Municipal Code; (o) made
9by the Chicago Park District for recreational programs for
10persons with disabilities under subsection (c) of Section 7.06
11of the Chicago Park District Act; (p) made for contributions
12to a firefighter's pension fund created under Article 4 of the
13Illinois Pension Code, to the extent of the amount certified
14under item (5) of Section 4-134 of the Illinois Pension Code;
15(q) made by Ford Heights School District 169 under Section
1617-9.02 of the School Code; and (r) made for the purpose of
17making employer contributions to the Public School Teachers'
18Pension and Retirement Fund of Chicago under Section 34-53 of
19the School Code.
20    "Aggregate extension" for all taxing districts to which
21this Law applies in accordance with Section 18-213, except for
22those taxing districts subject to paragraph (2) of subsection
23(e) of Section 18-213, means the annual corporate extension
24for the taxing district and those special purpose extensions
25that are made annually for the taxing district, excluding
26special purpose extensions: (a) made for the taxing district

 

 

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1to pay interest or principal on general obligation bonds that
2were approved by referendum; (b) made for any taxing district
3to pay interest or principal on general obligation bonds
4issued before the date on which the referendum making this Law
5applicable to the taxing district is held; (c) made for any
6taxing district to pay interest or principal on bonds issued
7to refund or continue to refund those bonds issued before the
8date on which the referendum making this Law applicable to the
9taxing district is held; (d) made for any taxing district to
10pay interest or principal on bonds issued to refund or
11continue to refund bonds issued after the date on which the
12referendum making this Law applicable to the taxing district
13is held if the bonds were approved by referendum after the date
14on which the referendum making this Law applicable to the
15taxing district is held; (e) made for any taxing district to
16pay interest or principal on revenue bonds issued before the
17date on which the referendum making this Law applicable to the
18taxing district is held for payment of which a property tax
19levy or the full faith and credit of the unit of local
20government is pledged; however, a tax for the payment of
21interest or principal on those bonds shall be made only after
22the governing body of the unit of local government finds that
23all other sources for payment are insufficient to make those
24payments; (f) made for payments under a building commission
25lease when the lease payments are for the retirement of bonds
26issued by the commission before the date on which the

 

 

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1referendum making this Law applicable to the taxing district
2is held to pay for the building project; (g) made for payments
3due under installment contracts entered into before the date
4on which the referendum making this Law applicable to the
5taxing district is held; (h) made for payments of principal
6and interest on limited bonds, as defined in Section 3 of the
7Local Government Debt Reform Act, in an amount not to exceed
8the debt service extension base less the amount in items (b),
9(c), and (e) of this definition for non-referendum
10obligations, except obligations initially issued pursuant to
11referendum; (i) made for payments of principal and interest on
12bonds issued under Section 15 of the Local Government Debt
13Reform Act; (j) made for a qualified airport authority to pay
14interest or principal on general obligation bonds issued for
15the purpose of paying obligations due under, or financing
16airport facilities required to be acquired, constructed,
17installed or equipped pursuant to, contracts entered into
18before March 1, 1996 (but not including any amendments to such
19a contract taking effect on or after that date); (k) made to
20fund expenses of providing joint recreational programs for
21persons with disabilities under Section 5-8 of the Park
22District Code or Section 11-95-14 of the Illinois Municipal
23Code; (l) made for contributions to a firefighter's pension
24fund created under Article 4 of the Illinois Pension Code, to
25the extent of the amount certified under item (5) of Section
264-134 of the Illinois Pension Code; and (m) made for the taxing

 

 

HB4677- 10 -LRB102 24813 AWJ 34058 b

1district to pay interest or principal on general obligation
2bonds issued pursuant to Section 19-3.10 of the School Code.
3    "Aggregate extension" for all taxing districts to which
4this Law applies in accordance with paragraph (2) of
5subsection (e) of Section 18-213 means the annual corporate
6extension for the taxing district and those special purpose
7extensions that are made annually for the taxing district,
8excluding special purpose extensions: (a) made for the taxing
9district to pay interest or principal on general obligation
10bonds that were approved by referendum; (b) made for any
11taxing district to pay interest or principal on general
12obligation bonds issued before March 7, 1997 (the effective
13date of Public Act 89-718); (c) made for any taxing district to
14pay interest or principal on bonds issued to refund or
15continue to refund those bonds issued before March 7, 1997
16(the effective date of Public Act 89-718); (d) made for any
17taxing district to pay interest or principal on bonds issued
18to refund or continue to refund bonds issued after March 7,
191997 (the effective date of Public Act 89-718) if the bonds
20were approved by referendum after March 7, 1997 (the effective
21date of Public Act 89-718); (e) made for any taxing district to
22pay interest or principal on revenue bonds issued before March
237, 1997 (the effective date of Public Act 89-718) for payment
24of which a property tax levy or the full faith and credit of
25the unit of local government is pledged; however, a tax for the
26payment of interest or principal on those bonds shall be made

 

 

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1only after the governing body of the unit of local government
2finds that all other sources for payment are insufficient to
3make those payments; (f) made for payments under a building
4commission lease when the lease payments are for the
5retirement of bonds issued by the commission before March 7,
61997 (the effective date of Public Act 89-718) to pay for the
7building project; (g) made for payments due under installment
8contracts entered into before March 7, 1997 (the effective
9date of Public Act 89-718); (h) made for payments of principal
10and interest on limited bonds, as defined in Section 3 of the
11Local Government Debt Reform Act, in an amount not to exceed
12the debt service extension base less the amount in items (b),
13(c), and (e) of this definition for non-referendum
14obligations, except obligations initially issued pursuant to
15referendum; (i) made for payments of principal and interest on
16bonds issued under Section 15 of the Local Government Debt
17Reform Act; (j) made for a qualified airport authority to pay
18interest or principal on general obligation bonds issued for
19the purpose of paying obligations due under, or financing
20airport facilities required to be acquired, constructed,
21installed or equipped pursuant to, contracts entered into
22before March 1, 1996 (but not including any amendments to such
23a contract taking effect on or after that date); (k) made to
24fund expenses of providing joint recreational programs for
25persons with disabilities under Section 5-8 of the Park
26District Code or Section 11-95-14 of the Illinois Municipal

 

 

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1Code; and (l) made for contributions to a firefighter's
2pension fund created under Article 4 of the Illinois Pension
3Code, to the extent of the amount certified under item (5) of
4Section 4-134 of the Illinois Pension Code.
5    "Debt service extension base" means an amount equal to
6that portion of the extension for a taxing district for the
71994 levy year, or for those taxing districts subject to this
8Law in accordance with Section 18-213, except for those
9subject to paragraph (2) of subsection (e) of Section 18-213,
10for the levy year in which the referendum making this Law
11applicable to the taxing district is held, or for those taxing
12districts subject to this Law in accordance with paragraph (2)
13of subsection (e) of Section 18-213 for the 1996 levy year,
14constituting an extension for payment of principal and
15interest on bonds issued by the taxing district without
16referendum, but not including excluded non-referendum bonds.
17For park districts (i) that were first subject to this Law in
181991 or 1995 and (ii) whose extension for the 1994 levy year
19for the payment of principal and interest on bonds issued by
20the park district without referendum (but not including
21excluded non-referendum bonds) was less than 51% of the amount
22for the 1991 levy year constituting an extension for payment
23of principal and interest on bonds issued by the park district
24without referendum (but not including excluded non-referendum
25bonds), "debt service extension base" means an amount equal to
26that portion of the extension for the 1991 levy year

 

 

HB4677- 13 -LRB102 24813 AWJ 34058 b

1constituting an extension for payment of principal and
2interest on bonds issued by the park district without
3referendum (but not including excluded non-referendum bonds).
4A debt service extension base established or increased at any
5time pursuant to any provision of this Law, except Section
618-212, shall be increased each year commencing with the later
7of (i) the 2009 levy year or (ii) the first levy year in which
8this Law becomes applicable to the taxing district, by the
9lesser of 5% or the percentage increase in the Consumer Price
10Index during the 12-month calendar year preceding the levy
11year. The debt service extension base may be established or
12increased as provided under Section 18-212. "Excluded
13non-referendum bonds" means (i) bonds authorized by Public Act
1488-503 and issued under Section 20a of the Chicago Park
15District Act for aquarium and museum projects; (ii) bonds
16issued under Section 15 of the Local Government Debt Reform
17Act; or (iii) refunding obligations issued to refund or to
18continue to refund obligations initially issued pursuant to
19referendum.
20    "Special purpose extensions" include, but are not limited
21to, extensions for levies made on an annual basis for
22unemployment and workers' compensation, self-insurance,
23contributions to pension plans, and extensions made pursuant
24to Section 6-601 of the Illinois Highway Code for a road
25district's permanent road fund whether levied annually or not.
26The extension for a special service area is not included in the

 

 

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1aggregate extension.
2    "Aggregate extension base" means the taxing district's
3last preceding aggregate extension as adjusted under Sections
418-135, 18-215, 18-230, 18-206, and 18-233. An adjustment
5under Section 18-135 shall be made for the 2007 levy year and
6all subsequent levy years whenever one or more counties within
7which a taxing district is located (i) used estimated
8valuations or rates when extending taxes in the taxing
9district for the last preceding levy year that resulted in the
10over or under extension of taxes, or (ii) increased or
11decreased the tax extension for the last preceding levy year
12as required by Section 18-135(c). Whenever an adjustment is
13required under Section 18-135, the aggregate extension base of
14the taxing district shall be equal to the amount that the
15aggregate extension of the taxing district would have been for
16the last preceding levy year if either or both (i) actual,
17rather than estimated, valuations or rates had been used to
18calculate the extension of taxes for the last levy year, or
19(ii) the tax extension for the last preceding levy year had not
20been adjusted as required by subsection (c) of Section 18-135.
21    Notwithstanding any other provision of law, for levy year
222012, the aggregate extension base for West Northfield School
23District No. 31 in Cook County shall be $12,654,592.
24    Notwithstanding any other provision of law, for levy year
252022, the aggregate extension base of a home equity assurance
26program that levied at least $1,000,000 in property taxes in

 

 

HB4677- 15 -LRB102 24813 AWJ 34058 b

1levy year 2019 or 2020 under the Home Equity Assurance Act
2shall be the amount that the program's aggregate extension
3base for levy year 2021 would have been if the program had
4levied a property tax for levy year 2021.
5    "Levy year" has the same meaning as "year" under Section
61-155.
7    "New property" means (i) the assessed value, after final
8board of review or board of appeals action, of new
9improvements or additions to existing improvements on any
10parcel of real property that increase the assessed value of
11that real property during the levy year multiplied by the
12equalization factor issued by the Department under Section
1317-30, (ii) the assessed value, after final board of review or
14board of appeals action, of real property not exempt from real
15estate taxation, which real property was exempt from real
16estate taxation for any portion of the immediately preceding
17levy year, multiplied by the equalization factor issued by the
18Department under Section 17-30, including the assessed value,
19upon final stabilization of occupancy after new construction
20is complete, of any real property located within the
21boundaries of an otherwise or previously exempt military
22reservation that is intended for residential use and owned by
23or leased to a private corporation or other entity, (iii) in
24counties that classify in accordance with Section 4 of Article
25IX of the Illinois Constitution, an incentive property's
26additional assessed value resulting from a scheduled increase

 

 

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1in the level of assessment as applied to the first year final
2board of review market value, and (iv) any increase in
3assessed value due to oil or gas production from an oil or gas
4well required to be permitted under the Hydraulic Fracturing
5Regulatory Act that was not produced in or accounted for
6during the previous levy year. In addition, the county clerk
7in a county containing a population of 3,000,000 or more shall
8include in the 1997 recovered tax increment value for any
9school district, any recovered tax increment value that was
10applicable to the 1995 tax year calculations.
11    "Qualified airport authority" means an airport authority
12organized under the Airport Authorities Act and located in a
13county bordering on the State of Wisconsin and having a
14population in excess of 200,000 and not greater than 500,000.
15    "Recovered tax increment value" means, except as otherwise
16provided in this paragraph, the amount of the current year's
17equalized assessed value, in the first year after a
18municipality terminates the designation of an area as a
19redevelopment project area previously established under the
20Tax Increment Allocation Redevelopment Act in the Illinois
21Municipal Code, previously established under the Industrial
22Jobs Recovery Law in the Illinois Municipal Code, previously
23established under the Economic Development Project Area Tax
24Increment Act of 1995, or previously established under the
25Economic Development Area Tax Increment Allocation Act, of
26each taxable lot, block, tract, or parcel of real property in

 

 

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1the redevelopment project area over and above the initial
2equalized assessed value of each property in the redevelopment
3project area. For the taxes which are extended for the 1997
4levy year, the recovered tax increment value for a non-home
5rule taxing district that first became subject to this Law for
6the 1995 levy year because a majority of its 1994 equalized
7assessed value was in an affected county or counties shall be
8increased if a municipality terminated the designation of an
9area in 1993 as a redevelopment project area previously
10established under the Tax Increment Allocation Redevelopment
11Act in the Illinois Municipal Code, previously established
12under the Industrial Jobs Recovery Law in the Illinois
13Municipal Code, or previously established under the Economic
14Development Area Tax Increment Allocation Act, by an amount
15equal to the 1994 equalized assessed value of each taxable
16lot, block, tract, or parcel of real property in the
17redevelopment project area over and above the initial
18equalized assessed value of each property in the redevelopment
19project area. In the first year after a municipality removes a
20taxable lot, block, tract, or parcel of real property from a
21redevelopment project area established under the Tax Increment
22Allocation Redevelopment Act in the Illinois Municipal Code,
23the Industrial Jobs Recovery Law in the Illinois Municipal
24Code, or the Economic Development Area Tax Increment
25Allocation Act, "recovered tax increment value" means the
26amount of the current year's equalized assessed value of each

 

 

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1taxable lot, block, tract, or parcel of real property removed
2from the redevelopment project area over and above the initial
3equalized assessed value of that real property before removal
4from the redevelopment project area.
5    Except as otherwise provided in this Section, "limiting
6rate" means a fraction the numerator of which is the last
7preceding aggregate extension base times an amount equal to
8one plus the extension limitation defined in this Section and
9the denominator of which is the current year's equalized
10assessed value of all real property in the territory under the
11jurisdiction of the taxing district during the prior levy
12year. For those taxing districts that reduced their aggregate
13extension for the last preceding levy year, except for school
14districts that reduced their extension for educational
15purposes pursuant to Section 18-206, the highest aggregate
16extension in any of the last 3 preceding levy years shall be
17used for the purpose of computing the limiting rate. The
18denominator shall not include new property or the recovered
19tax increment value. If a new rate, a rate decrease, or a
20limiting rate increase has been approved at an election held
21after March 21, 2006, then (i) the otherwise applicable
22limiting rate shall be increased by the amount of the new rate
23or shall be reduced by the amount of the rate decrease, as the
24case may be, or (ii) in the case of a limiting rate increase,
25the limiting rate shall be equal to the rate set forth in the
26proposition approved by the voters for each of the years

 

 

HB4677- 19 -LRB102 24813 AWJ 34058 b

1specified in the proposition, after which the limiting rate of
2the taxing district shall be calculated as otherwise provided.
3In the case of a taxing district that obtained referendum
4approval for an increased limiting rate on March 20, 2012, the
5limiting rate for tax year 2012 shall be the rate that
6generates the approximate total amount of taxes extendable for
7that tax year, as set forth in the proposition approved by the
8voters; this rate shall be the final rate applied by the county
9clerk for the aggregate of all capped funds of the district for
10tax year 2012.
11(Source: P.A. 102-263, eff. 8-6-21; 102-311, eff. 8-6-21;
12102-519, eff. 8-20-21; 102-558, eff. 8-20-21; revised
1310-5-21.)
 
14    Section 10. The Illinois Pension Code is amended by
15changing Section 13-503 as follows:
 
16    (40 ILCS 5/13-503)  (from Ch. 108 1/2, par. 13-503)
17    Sec. 13-503. Tax levy. Until fiscal year 2013, the Water
18Reclamation District shall annually levy a tax upon all the
19taxable real property within the District at a rate which,
20when extended, will produce a sum that (i) when added to the
21amounts deducted from the salaries of employees, interest
22income on investments, and other income, will be sufficient to
23meet the requirements of the Fund on an actuarially funded
24basis, but (ii) shall not exceed an amount equal to the total

 

 

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1amount of contributions by the employees to the Fund made in
2the calendar year 2 years prior to the year for which the tax
3is levied, multiplied by 2.19, except that the amount of
4employee contributions made on or after January 1, 2003
5towards the purchase of additional optional benefits under
6Section 13-304.1 shall only be multiplied by 1.00.
7    Beginning in fiscal year 2013 until the end of fiscal year
82031, the District shall annually levy a tax upon all the
9taxable real property within the District at a rate which,
10when extended, will produce a sum that (i) will be sufficient
11to meet the Fund's actuarially determined contribution
12requirement, but (ii) shall not exceed an amount equal to the
13total employee contributions 2 years prior multiplied by 4.19.
14The actuarially determined contribution requirement is equal
15to the employer's normal cost plus the annual amount needed to
16amortize the unfunded liability by the year 2050 as a level
17percent of payroll. The funding goal is to attain a funded
18ratio of 100% at least 90% by the year 2050, with the funded
19ratio being the ratio of the actuarial value of assets to the
20total actuarial liability.
21    Beginning in fiscal year 2032 and each year thereafter,
22the District shall contribute the actuarially determined
23contribution. The actuarially determined contribution is equal
24to the employer's normal cost plus an amount to amortize the
25unfunded liability on a level percent of payroll basis and
26bring the total actuarial assets of the Fund up to 100% of the

 

 

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1total actuarial liability, calculated using the entry age
2normal actuarial cost method, by the year 2050.
3    The tax shall be levied and collected in the same manner as
4the general taxes of the District.
5    The tax shall be exclusive of and in addition to the amount
6of tax the District is now or may hereafter be authorized to
7levy for general purposes under the Metropolitan Water
8Reclamation District Act or under any other laws which may
9limit the amount of tax for general purposes. The county clerk
10of any county, in reducing tax levies as may be authorized by
11law, shall not consider any such tax as a part of the general
12tax levy for District purposes, and shall not include the same
13in any limitation of the percent of the assessed valuation
14upon which taxes are required to be extended.
15    Revenues derived from the tax shall be paid to the Fund for
16the benefit of the Fund.
17    If the funds available for the purposes of this Article
18are insufficient during any year to meet the requirements of
19this Article, the District may issue tax anticipation warrants
20or notes, as provided by law, against the current tax levy.
21    The Board shall submit annually to the Board of
22Commissioners of the District an estimate of the amount
23required to be raised by taxation for the purposes of the Fund.
24The Board of Commissioners shall review the estimate and
25determine the tax to be levied for such purposes.
26(Source: P.A. 97-894, eff. 8-3-12.)
 

 

 

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1    Section 15. The Metropolitan Water Reclamation District
2Act is amended by changing Section 9.6a as follows:
 
3    (70 ILCS 2605/9.6a)  (from Ch. 42, par. 328.6a)
4    Sec. 9.6a. Bonds for sewage treatment and water quality
5improvements. The corporate authorities of a sanitary
6district, in order to provide funds required for the
7replacing, remodeling, completing, altering, constructing and
8enlarging of sewage treatment works, administrative buildings,
9water quality improvement projects, or flood control
10facilities, and additions therefor, pumping stations, tunnels,
11conduits, intercepting sewers and outlet sewers, together with
12the equipment, including air pollution equipment, and
13appurtenances thereto, to acquire property, real, personal or
14mixed, necessary for said purposes, for costs and expenses for
15the acquisition of the sites and rights-of-way necessary
16thereto, and for engineering expenses for designing and
17supervising the construction of such works, may issue on or
18before December 31, 2034, in addition to all other obligations
19heretofore or herein authorized, bonds, notes or other
20evidences of indebtedness for such purposes in an aggregate
21amount at any one time outstanding not to exceed 3.35% of the
22equalized assessed valuation of all taxable property within
23the sanitary district, to be ascertained by the last
24assessment for State and local taxes previous to the issuance

 

 

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1of any such obligations. Such obligations shall be issued
2without submitting the question of such issuance to the legal
3voters of such sanitary district for approval.
4    The corporate authorities may sell such obligations at
5private or public sale and enter into any contract or
6agreement necessary, appropriate or incidental to the exercise
7of the powers granted by this Act, including, without
8limitation, contracts or agreements for the sale and purchase
9of such obligations and the payment of costs and expenses
10incident thereto. The corporate authorities may pay such costs
11and expenses, in whole or in part, from the corporate fund.
12    Such obligations shall be issued from time to time only in
13amounts as may be required for such purposes but the amount of
14such obligations issued during any one budget year shall not
15exceed $150,000,000 plus the amount of any obligations
16authorized by this Act to be issued during the 3 budget years
17next preceding the year of issuance but which were not issued,
18provided, however, that this limitation shall not be
19applicable (i) to the issuance of obligations to refund bonds,
20notes or other evidences of indebtedness, (ii) to obligations
21issued to provide for the repayment of money received from the
22Water Pollution Control Revolving Fund for the construction or
23repair of wastewater treatment works, and (iii) to obligations
24issued as part of the American Recovery and Reinvestment Act
25of 2009, issued prior to January 1, 2011, that are commonly
26known as "Build America Bonds" as authorized by Section 54AA

 

 

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1of the Internal Revenue Code of 1986, as amended. Each
2ordinance authorizing the issuance of the obligations shall
3state the general purpose or purposes for which they are to be
4issued, and the corporate authorities may at any time
5thereafter pass supplemental appropriations ordinances
6appropriating the proceeds from the sale of such obligations
7for such purposes.
8    Notwithstanding anything to the contrary in Section 9.6 or
9this Section, and in addition to any other amount of bonds
10authorized to be issued under this Act, the corporate
11authorities are authorized to issue from time to time bonds of
12the district in the principal amount of $600,000,000 for the
13purpose of making contributions to the pension fund
14established under Article 13 of the Illinois Pension Code
15without submitting the question of issuing bonds to the voters
16of the District. Any bond issuances under this subsection are
17intended to decrease the unfunded liability of the pension
18fund and shall not decrease the amount of the employer
19contributions required in any given year under Section 13-503
20of the Illinois Pension Code.
21    The corporate authorities may issue bonds, notes or other
22evidences of indebtedness in an amount necessary to provide
23funds to refund outstanding obligations issued pursuant to
24this Section, including interest accrued or to accrue thereon.
25(Source: P.A. 101-302, eff. 1-1-20.)
 

 

 

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1    Section 90. The State Mandates Act is amended by adding
2Section 8.46 as follows:
 
3    (30 ILCS 805/8.46 new)
4    Sec. 8.46. Exempt mandate. Notwithstanding Sections 6 and
58 of this Act, no reimbursement by the State is required for
6the implementation of any mandate created by this amendatory
7Act of the 102nd General Assembly.
 
8    Section 99. Effective date. This Act takes effect upon
9becoming law.