093_SB0303

 
                                     LRB093 04002 EFG 04041 b

 1        AN ACT in relation to the Metropolitan Water  Reclamation
 2    District.

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

 5        Section 5.  The Property Tax Code is amended by  changing
 6    Section 18-185 as follows:

 7        (35 ILCS 200/18-185)
 8        Sec.  18-185.  Short title; definitions.  This Division 5
 9    may be cited as the Property Tax  Extension  Limitation  Law.
10    As used in this Division 5:
11        "Consumer Price Index" means the Consumer Price Index for
12    All  Urban  Consumers  for  all items published by the United
13    States Department of Labor.
14        "Extension limitation" means (a) the lesser of 5% or  the
15    percentage  increase  in  the Consumer Price Index during the
16    12-month calendar year preceding the levy  year  or  (b)  the
17    rate of increase approved by voters under Section 18-205.
18        "Affected  county"  means  a  county of 3,000,000 or more
19    inhabitants or a county contiguous to a county  of  3,000,000
20    or more inhabitants.
21        "Taxing  district"  has  the  same  meaning  provided  in
22    Section  1-150, except as otherwise provided in this Section.
23    For the 1991 through 1994 levy years only, "taxing  district"
24    includes  only  each non-home rule taxing district having the
25    majority of its 1990  equalized  assessed  value  within  any
26    county  or  counties contiguous to a county with 3,000,000 or
27    more inhabitants.  Beginning with the 1995 levy year, "taxing
28    district" includes only each non-home  rule  taxing  district
29    subject  to  this  Law  before  the  1995  levy year and each
30    non-home rule taxing district not subject to this Law  before
31    the  1995 levy year having the majority of its 1994 equalized
 
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 1    assessed value in an affected county or counties.   Beginning
 2    with  the levy year in which this Law becomes applicable to a
 3    taxing  district  as  provided  in  Section  18-213,  "taxing
 4    district" also includes those taxing districts  made  subject
 5    to this Law as provided in Section 18-213.
 6        "Aggregate  extension" for taxing districts to which this
 7    Law applied before  the  1995  levy  year  means  the  annual
 8    corporate extension for the taxing district and those special
 9    purpose  extensions  that  are  made  annually for the taxing
10    district, excluding special purpose extensions: (a) made  for
11    the  taxing  district to pay interest or principal on general
12    obligation bonds that were approved by referendum;  (b)  made
13    for  any  taxing  district  to  pay  interest or principal on
14    general obligation bonds issued before October 1,  1991;  (c)
15    made  for any taxing district to pay interest or principal on
16    bonds issued to refund or  continue  to  refund  those  bonds
17    issued  before  October  1,  1991;  (d)  made  for any taxing
18    district to pay interest or  principal  on  bonds  issued  to
19    refund  or  continue  to refund bonds issued after October 1,
20    1991 that were approved  by  referendum;  (e)  made  for  any
21    taxing district to pay interest or principal on revenue bonds
22    issued before October 1, 1991 for payment of which a property
23    tax  levy  or  the full faith and credit of the unit of local
24    government is pledged; however, a  tax  for  the  payment  of
25    interest or principal on those bonds shall be made only after
26    the governing body of the unit of local government finds that
27    all  other sources for payment are insufficient to make those
28    payments; (f) made for payments under a  building  commission
29    lease when the lease payments are for the retirement of bonds
30    issued  by  the commission before October 1, 1991, to pay for
31    the  building  project;  (g)  made  for  payments  due  under
32    installment contracts entered into before  October  1,  1991;
33    (h)  made  for  payments  of  principal and interest on bonds
34    issued under the Metropolitan Water Reclamation District  Act
 
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 1    to  finance construction projects initiated before October 1,
 2    1991; (i) made for payments  of  principal  and  interest  on
 3    limited   bonds,  as  defined  in  Section  3  of  the  Local
 4    Government Debt Reform Act, in an amount not  to  exceed  the
 5    debt  service  extension  base  less the amount in items (b),
 6    (c), (e), and  (h)  of  this  definition  for  non-referendum
 7    obligations,  except obligations initially issued pursuant to
 8    referendum; (j) made for payments of principal  and  interest
 9    on bonds issued under Section 15 of the Local Government Debt
10    Reform   Act;   and  (k)  made  by  a  school  district  that
11    participates  in  the  Special  Education  District  of  Lake
12    County, created by special education  joint  agreement  under
13    Section  10-22.31  of  the  School  Code,  for payment of the
14    school  district's  share  of  the  amounts  required  to  be
15    contributed by the Special Education District of Lake  County
16    to  the Illinois Municipal Retirement Fund under Article 7 of
17    the Illinois Pension Code; the amount of any extension  under
18    this  item  (k)  shall be certified by the school district to
19    the county clerk.
20        "Aggregate extension" for the taxing districts  to  which
21    this  Law  did  not  apply  before the 1995 levy year (except
22    taxing districts subject  to  this  Law  in  accordance  with
23    Section  18-213) means the annual corporate extension for the
24    taxing district and those special purpose extensions that are
25    made annually for  the  taxing  district,  excluding  special
26    purpose  extensions:  (a) made for the taxing district to pay
27    interest or principal on general obligation bonds  that  were
28    approved  by  referendum; (b) made for any taxing district to
29    pay interest or principal on general obligation bonds  issued
30    before March 1, 1995; (c) made for any taxing district to pay
31    interest  or  principal on bonds issued to refund or continue
32    to refund those bonds issued before March 1, 1995;  (d)  made
33    for any taxing district to pay interest or principal on bonds
34    issued  to  refund  or  continue to refund bonds issued after
 
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 1    March 1, 1995 that were approved by referendum; (e) made  for
 2    any  taxing  district to pay interest or principal on revenue
 3    bonds issued before March 1, 1995  for  payment  of  which  a
 4    property tax levy or the full faith and credit of the unit of
 5    local  government  is pledged; however, a tax for the payment
 6    of interest or principal on those bonds shall  be  made  only
 7    after  the  governing  body  of  the unit of local government
 8    finds that all other sources for payment are insufficient  to
 9    make  those  payments; (f) made for payments under a building
10    commission  lease  when  the  lease  payments  are  for   the
11    retirement  of bonds issued by the commission before March 1,
12    1995 to pay for the building project; (g) made  for  payments
13    due  under installment contracts entered into before March 1,
14    1995; (h) made for payments  of  principal  and  interest  on
15    bonds   issued   under  the  Metropolitan  Water  Reclamation
16    District  Act  to  finance  construction  projects  initiated
17    before October 1, 1991; (h-5) made by the Metropolitan  Water
18    Reclamation  District  of Greater Chicago under Section 12 of
19    the Metropolitan  Water  Reclamation  District  Act  for  the
20    purpose  of  providing  for  health care costs;  (i) made for
21    payments of principal  and  interest  on  limited  bonds,  as
22    defined in Section 3 of the Local Government Debt Reform Act,
23    in  an  amount  not to exceed the debt service extension base
24    less the amount in items (b), (c), and (e) of this definition
25    for non-referendum obligations, except obligations  initially
26    issued   pursuant   to  referendum  and  bonds  described  in
27    subsection (h) of this definition; (j) made for  payments  of
28    principal  and  interest  on bonds issued under Section 15 of
29    the Local Government Debt Reform Act; (k) made  for  payments
30    of  principal  and interest on bonds authorized by Public Act
31    88-503 and issued under  Section  20a  of  the  Chicago  Park
32    District  Act  for  aquarium or museum projects; (l) made for
33    payments of principal and interest  on  bonds  authorized  by
34    Public  Act  87-1191  and issued under Section 42 of the Cook
 
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 1    County Forest  Preserve  District  Act  for  zoological  park
 2    projects;  and  (m)  made  pursuant to Section 34-53.5 of the
 3    School Code, whether levied annually or not.
 4        "Aggregate extension" for all taxing districts  to  which
 5    this  Law  applies  in accordance with Section 18-213, except
 6    for those  taxing  districts  subject  to  paragraph  (2)  of
 7    subsection  (e) of Section 18-213, means the annual corporate
 8    extension for the taxing district and those  special  purpose
 9    extensions  that  are  made annually for the taxing district,
10    excluding special purpose extensions: (a) made for the taxing
11    district to pay interest or principal on  general  obligation
12    bonds  that  were  approved  by  referendum; (b) made for any
13    taxing district to  pay  interest  or  principal  on  general
14    obligation   bonds  issued  before  the  date  on  which  the
15    referendum making this Law applicable to the taxing  district
16    is  held; (c) made for any taxing district to pay interest or
17    principal on bonds issued to refund  or  continue  to  refund
18    those  bonds  issued  before the date on which the referendum
19    making this Law applicable to the taxing  district  is  held;
20    (d) made for any taxing district to pay interest or principal
21    on  bonds issued to refund or continue to refund bonds issued
22    after the date  on  which  the  referendum  making  this  Law
23    applicable  to  the taxing district is held if the bonds were
24    approved by referendum after the date on which the referendum
25    making this Law applicable to the taxing  district  is  held;
26    (e) made for any taxing district to pay interest or principal
27    on  revenue  bonds  issued  before  the  date  on  which  the
28    referendum  making this Law applicable to the taxing district
29    is held for payment of which a property tax levy or the  full
30    faith  and credit of the unit of local government is pledged;
31    however, a tax for the payment of interest  or  principal  on
32    those  bonds  shall  be made only after the governing body of
33    the unit of local government finds that all other sources for
34    payment are insufficient to make those payments; (f) made for
 
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 1    payments under a building commission  lease  when  the  lease
 2    payments  are  for  the  retirement  of  bonds  issued by the
 3    commission before the date on  which  the  referendum  making
 4    this Law applicable to the taxing district is held to pay for
 5    the  building  project;  (g)  made  for  payments  due  under
 6    installment  contracts  entered into before the date on which
 7    the referendum making  this  Law  applicable  to  the  taxing
 8    district  is  held;  (h)  made  for payments of principal and
 9    interest on limited bonds, as defined in  Section  3  of  the
10    Local  Government Debt Reform Act, in an amount not to exceed
11    the debt service extension base less the amount in items (b),
12    (c),  and  (e)  of   this   definition   for   non-referendum
13    obligations,  except obligations initially issued pursuant to
14    referendum; (i) made for payments of principal  and  interest
15    on bonds issued under Section 15 of the Local Government Debt
16    Reform Act; and (j) made for a qualified airport authority to
17    pay  interest or principal on general obligation bonds issued
18    for the purpose of paying obligations due under, or financing
19    airport facilities  required  to  be  acquired,  constructed,
20    installed  or  equipped  pursuant  to, contracts entered into
21    before March 1, 1996 (but not  including  any  amendments  to
22    such a contract taking effect on or after that date).
23        "Aggregate  extension"  for all taxing districts to which
24    this  Law  applies  in  accordance  with  paragraph  (2)   of
25    subsection  (e)  of Section 18-213 means the annual corporate
26    extension for the taxing district and those  special  purpose
27    extensions  that  are  made annually for the taxing district,
28    excluding special purpose extensions: (a) made for the taxing
29    district to pay interest or principal on  general  obligation
30    bonds  that  were  approved  by  referendum; (b) made for any
31    taxing district to  pay  interest  or  principal  on  general
32    obligation  bonds  issued  before  the effective date of this
33    amendatory Act of 1997; (c) made for any taxing  district  to
34    pay  interest  or  principal  on  bonds  issued  to refund or
 
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 1    continue to refund those bonds issued  before  the  effective
 2    date  of this amendatory Act of 1997; (d) made for any taxing
 3    district to pay interest or  principal  on  bonds  issued  to
 4    refund or continue to refund bonds issued after the effective
 5    date  of  this  amendatory  Act  of  1997  if  the bonds were
 6    approved by referendum  after  the  effective  date  of  this
 7    amendatory  Act  of 1997; (e) made for any taxing district to
 8    pay interest or principal on revenue bonds issued before  the
 9    effective  date of this amendatory Act of 1997 for payment of
10    which a property tax levy or the full faith and credit of the
11    unit of local government is pledged; however, a tax  for  the
12    payment of interest or principal on those bonds shall be made
13    only after the governing body of the unit of local government
14    finds  that all other sources for payment are insufficient to
15    make those payments; (f) made for payments under  a  building
16    commission   lease  when  the  lease  payments  are  for  the
17    retirement of bonds  issued  by  the  commission  before  the
18    effective  date of this amendatory Act of 1997 to pay for the
19    building project; (g) made for payments due under installment
20    contracts entered into before  the  effective  date  of  this
21    amendatory  Act  of  1997; (h) made for payments of principal
22    and interest on limited bonds, as defined in Section 3 of the
23    Local Government Debt Reform Act, in an amount not to  exceed
24    the debt service extension base less the amount in items (b),
25    (c),   and   (e)   of   this  definition  for  non-referendum
26    obligations, except obligations initially issued pursuant  to
27    referendum;  (i)  made for payments of principal and interest
28    on bonds issued under Section 15 of the Local Government Debt
29    Reform Act; and (j) made for a qualified airport authority to
30    pay interest or principal on general obligation bonds  issued
31    for the purpose of paying obligations due under, or financing
32    airport  facilities  required  to  be  acquired, constructed,
33    installed or equipped pursuant  to,  contracts  entered  into
34    before  March  1,  1996  (but not including any amendments to
 
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 1    such a contract taking effect on or after that date).
 2        "Debt service extension base" means an  amount  equal  to
 3    that  portion  of the extension for a taxing district for the
 4    1994 levy year, or for those taxing districts subject to this
 5    Law in accordance  with  Section  18-213,  except  for  those
 6    subject to paragraph (2) of subsection (e) of Section 18-213,
 7    for  the  levy  year  in which the referendum making this Law
 8    applicable to the taxing  district  is  held,  or  for  those
 9    taxing  districts  subject  to  this  Law  in accordance with
10    paragraph (2) of subsection (e) of  Section  18-213  for  the
11    1996  levy  year,  constituting  an  extension for payment of
12    principal and interest on bonds issued by the taxing district
13    without referendum, but not including (i) bonds authorized by
14    Public Act 88-503 and issued under Section 20a of the Chicago
15    Park District Act for  aquarium  and  museum  projects;  (ii)
16    bonds  issued  under  Section 15 of the Local Government Debt
17    Reform Act; or (iii) refunding obligations issued  to  refund
18    or   to  continue  to  refund  obligations  initially  issued
19    pursuant to referendum. The debt service extension  base  may
20    be established or increased as provided under Section 18-212.
21        "Special purpose extensions" include, but are not limited
22    to,  extensions  for  levies  made  on  an  annual  basis for
23    unemployment  and  workers'   compensation,   self-insurance,
24    contributions  to pension plans, and extensions made pursuant
25    to Section 6-601 of the Illinois  Highway  Code  for  a  road
26    district's  permanent  road  fund  whether levied annually or
27    not.  The  extension  for  a  special  service  area  is  not
28    included in the aggregate extension.
29        "Aggregate  extension  base"  means the taxing district's
30    last preceding aggregate extension as adjusted under Sections
31    18-215 through 18-230.
32        "Levy year" has the same meaning as "year" under  Section
33    1-155.
34        "New  property" means (i) the assessed value, after final
 
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 1    board  of  review  or  board  of  appeals  action,   of   new
 2    improvements  or  additions  to  existing improvements on any
 3    parcel of real property that increase the assessed  value  of
 4    that  real  property  during  the levy year multiplied by the
 5    equalization factor issued by the  Department  under  Section
 6    17-30  and  (ii)  the  assessed  value,  after final board of
 7    review or board of  appeals  action,  of  real  property  not
 8    exempt  from  real  estate  taxation, which real property was
 9    exempt from real estate  taxation  for  any  portion  of  the
10    immediately   preceding   levy   year,   multiplied   by  the
11    equalization factor issued by the  Department  under  Section
12    17-30. In addition, the county clerk in a county containing a
13    population  of  3,000,000  or  more shall include in the 1997
14    recovered tax increment value for any  school  district,  any
15    recovered tax increment value that was applicable to the 1995
16    tax year calculations.
17        "Qualified  airport authority" means an airport authority
18    organized under the Airport Authorities Act and located in  a
19    county  bordering  on  the  State  of  Wisconsin and having a
20    population in excess of 200,000 and not greater than 500,000.
21        "Recovered  tax  increment  value"   means,   except   as
22    otherwise  provided  in  this  paragraph,  the  amount of the
23    current year's equalized assessed value, in  the  first  year
24    after a municipality terminates the designation of an area as
25    a redevelopment project area previously established under the
26    Tax  Increment  Allocation  Development  Act  in the Illinois
27    Municipal Code, previously established under  the  Industrial
28    Jobs   Recovery  Law  in  the  Illinois  Municipal  Code,  or
29    previously established under the  Economic  Development  Area
30    Tax  Increment  Allocation  Act,  of each taxable lot, block,
31    tract, or  parcel  of  real  property  in  the  redevelopment
32    project  area  over  and above the initial equalized assessed
33    value of each property in the redevelopment project area. For
34    the taxes which are extended for  the  1997  levy  year,  the
 
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 1    recovered  tax  increment  value  for  a non-home rule taxing
 2    district that first became subject to this Law for  the  1995
 3    levy  year  because a majority of its 1994 equalized assessed
 4    value  was  in  an  affected  county  or  counties  shall  be
 5    increased if a municipality terminated the designation of  an
 6    area  in  1993  as  a  redevelopment  project area previously
 7    established under the Tax  Increment  Allocation  Development
 8    Act  in  the  Illinois Municipal Code, previously established
 9    under the  Industrial  Jobs  Recovery  Law  in  the  Illinois
10    Municipal  Code, or previously established under the Economic
11    Development Area Tax Increment Allocation Act, by  an  amount
12    equal  to  the  1994 equalized assessed value of each taxable
13    lot,  block,  tract,  or  parcel  of  real  property  in  the
14    redevelopment  project  area  over  and  above  the   initial
15    equalized   assessed   value   of   each   property   in  the
16    redevelopment  project  area.  In  the  first  year  after  a
17    municipality removes a taxable lot, block, tract,  or  parcel
18    of   real   property   from   a  redevelopment  project  area
19    established under the Tax  Increment  Allocation  Development
20    Act  in  the  Illinois  Municipal  Code,  the Industrial Jobs
21    Recovery Law in the Illinois Municipal Code, or the  Economic
22    Development Area Tax Increment Allocation Act, "recovered tax
23    increment  value"  means  the  amount  of  the current year's
24    equalized assessed value of each taxable lot,  block,  tract,
25    or  parcel  of  real  property removed from the redevelopment
26    project area over and above the  initial  equalized  assessed
27    value   of   that  real  property  before  removal  from  the
28    redevelopment project area.
29        Except as otherwise provided in this  Section,  "limiting
30    rate"  means  a  fraction  the numerator of which is the last
31    preceding aggregate extension base times an amount  equal  to
32    one plus the extension limitation defined in this Section and
33    the  denominator  of  which  is  the current year's equalized
34    assessed value of all real property in  the  territory  under
 
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 1    the jurisdiction of the taxing district during the prior levy
 2    year.    For   those  taxing  districts  that  reduced  their
 3    aggregate extension for the last  preceding  levy  year,  the
 4    highest  aggregate  extension  in any of the last 3 preceding
 5    levy years shall be used for the  purpose  of  computing  the
 6    limiting   rate.   The  denominator  shall  not  include  new
 7    property.  The denominator shall not  include  the  recovered
 8    tax increment value.
 9    (Source:  P.A.  91-357,  eff.  7-29-99; 91-478, eff. 11-1-99;
10    92-547, eff. 6-13-02.)

11        Section 10.  The Metropolitan Water Reclamation  District
12    Act is amended by changing Section 12 as follows:

13        (70 ILCS 2605/12) (from Ch. 42, par. 332)
14        Sec.  12.   The  board of commissioners annually may levy
15    taxes  for  corporate  purposes  upon  property  within   the
16    territorial  limits  of such sanitary district, the aggregate
17    amount of which, exclusive of the amount levied for  (a)  the
18    payment  of  bonded  indebtedness  and the interest on bonded
19    indebtedness (b) employees' annuity and benefit purposes  (c)
20    construction   purposes,   and   (d)   for   the  purpose  of
21    establishing and maintaining a reserve fund for  the  payment
22    of  claims,  awards,  losses,  judgments or liabilities which
23    might be imposed on such sanitary district under the Workers'
24    Compensation Act or the Workers' Occupational  Diseases  Act,
25    and  any  claim  in  tort,  including but not limited to, any
26    claim imposed upon such sanitary  district  under  the  Local
27    Governmental  and  Governmental  Employees Tort Immunity Act,
28    and for the repair or replacement of any  property  owned  by
29    such  sanitary  district  which  is  damaged  by fire, flood,
30    explosion, vandalism or any other peril, natural or  manmade,
31    shall  not  exceed  the sum produced by extending the rate of
32    .46% for each of the years year  1979  through  2002  and  by
 
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 1    extending  the  rate of 0.41% for the year 2003 and each year
 2    thereafter,  upon  the  assessed  valuation  of  all  taxable
 3    property  within  the  sanitary  district  as  equalized  and
 4    determined for State and local taxes.
 5        In addition, for  the  purpose  of  providing  funds  for
 6    health  care costs, the board of commissioners may levy a tax
 7    for the year 2003 and thereafter at  a  rate  not  to  exceed
 8    0.05%  of  the  assessed  valuation  of  all taxable property
 9    within the district as equalized and determined for State and
10    local taxes.
11        And In addition thereto,  for  construction  purposes  as
12    defined   in   Section   5.2   of  this  Act,  the  board  of
13    commissioners may levy taxes for the year 1985 and each  year
14    thereafter which shall be at a rate not to exceed .10% of the
15    assessed   valuation  of  all  taxable  property  within  the
16    sanitary district as equalized and determined for  State  and
17    local  taxes.   Amounts  realized  from  taxes  so levied for
18    construction purposes  shall  be  limited  for  use  to  such
19    purposes and shall not be available for appropriation or used
20    to defray the cost of repairs to or expense of maintaining or
21    operating   existing   or   future   facilities,   but   such
22    restrictions,   however,   shall   not  apply  to  additions,
23    alterations, enlargements, and replacements  which  will  add
24    appreciably to the value, utility, or the useful life of said
25    facilities.
26        Such   rates  shall  be  extended  against  the  assessed
27    valuation of the taxable property within the corporate limits
28    as the same shall be assessed and equalized  for  the  county
29    taxes  for the year in which  the levy is made and said board
30    shall cause the amount to be raised by taxation in each  year
31    to  be  certified  to  the  county  clerk  on  or  before the
32    thirtieth day of March; provided, however, that if during the
33    budget year the General Assembly authorizes  an  increase  in
34    such   rates,   the   board  of  commissioners  may  adopt  a
 
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 1    supplemental levy and shall make such  certification  to  the
 2    County Clerk on or before the thirtieth day of December.
 3        For the purpose of establishing and maintaining a reserve
 4    fund  for the payment of claims, awards, losses, judgments or
 5    liabilities which might be imposed on such sanitary  district
 6    under   the   Workers'   Compensation  Act  or  the  Workers'
 7    Occupational Diseases Act, and any claim in  tort,  including
 8    but  not  limited  to,  any  claim imposed upon such sanitary
 9    district  under  the  Local  Governmental  and   Governmental
10    Employees   Tort   Immunity   Act,  and  for  the  repair  or
11    replacement, where  the  cost  thereof  exceeds  the  sum  of
12    $10,000,  of  any  property  owned  by such sanitary district
13    which is damaged by fire, flood, explosion, vandalism or  any
14    other  peril, natural or man-made, such sanitary district may
15    also levy annually  upon  all  taxable  property  within  its
16    territorial  limits a tax not to exceed .005% of the assessed
17    valuation  of  said  taxable  property   as   equalized   and
18    determined  for State and local taxes; provided, however, the
19    aggregate amount which may be  accumulated  in  such  reserve
20    fund shall not exceed .05% of such assessed valuation.
21        All  taxes so levied and certified shall be collected and
22    enforced in the same manner and by the same officers as State
23    and county taxes, and shall  be  paid  over  by  the  officer
24    collecting   the  same  to  the  treasurer  of  the  sanitary
25    district, in the manner and  at  the  time  provided  by  the
26    general  revenue  law. No part of the taxes hereby authorized
27    shall be used by such sanitary district for the  construction
28    of  permanent,  fixed,  immovable  bridges across any channel
29    constructed under the provisions of  this  Act.  All  bridges
30    built  across  such  channel  shall not necessarily interfere
31    with or obstruct the navigation of  such  channel,  when  the
32    same becomes a navigable stream, as provided in Section 24 of
33    this  Act, but such bridges shall be so constructed that they
34    can be raised, swung or moved out  of  the  way  of  vessels,
 
                            -14-     LRB093 04002 EFG 04041 b
 1    tugs,  boats  or  other  water craft navigating such channel.
 2    Nothing in this Act shall be so construed as to  compel  said
 3    district  to  maintain  or  operate  said bridges, as movable
 4    bridges, for a period of 9 years from and after the time when
 5    the water has been turned into said channel pursuant to  law,
 6    unless the needs of general navigation of the Des Plaines and
 7    Illinois  Rivers,  when  connected  by  said  channel, sooner
 8    require it. In levying taxes the board of  commissioners,  in
 9    order  to  produce  the net amount required by the levies for
10    payment of bonds  and  interest  thereon,  shall  include  an
11    amount  or rate estimated to be sufficient to cover losses in
12    collection of taxes, the cost of collecting taxes, abatements
13    in the amount of such taxes as extended  on  the  collector's
14    books  and  the amount of such taxes collection of which will
15    be deferred; the amount so added for the purpose of producing
16    the net amount  required  shall  not  exceed  any  applicable
17    maximum tax rate or amount.
18    (Source: P.A. 84-630.)

19        Section  99.  Effective date.  This Act takes effect upon
20    becoming law.