SB2505sam003 96TH GENERAL ASSEMBLY

Sen. Michael W. Frerichs

Filed: 3/18/2010

09600SB2505sam003 LRB096 16340 HLH 39205 a

AMENDMENT TO SENATE BILL 2505

AMENDMENT NO. ______. Amend Senate Bill 2505, AS AMENDED, with reference to page and line numbers of Senate Amendment No. 1, on page 2, line 14, by replacing "10" with "20 10"; and

on page 8, line 13, by replacing "therefor" with "for those purposes therefor"; and

on page 11, line 22, by replacing "improvement means" with "improvement" means"; and

on page 11, line 23, after "for", by inserting "or serving" ; and

on page 13, line 18, by replacing "consent" with "contract"; and

on page 13, lines 24 and 25, by replacing "by either (i)" with "either (i) by"; and

on page 14, line 6, by replacing "27-45" with "27-40"; and

on page 14, immediately below line 26, by inserting the following:

"Municipalities and counties shall have the power to issue bonds under Section 27-45 for the public purposes set forth in this Section 27-97; provided that is not necessary to conduct a public hearing, as required in Section 27-45, in connection with the issuance of those bonds."; and

on page 15, line 5, after "improvements", by inserting "; provided that it is not necessary to file a copy of the notice of public hearing with the County Clerk as otherwise required by Section 27-45. on page 15, line 23, after "agreement.", by inserting "Municipalities must have consent from the County Clerk before creating a Green Special Service Area."; and

on page 16, immediately below line 1, by inserting the following:

"(d) Any unit of local government with the authority to provide special service area financing in connection with green special service area projects, as provided in the Special Service Area Tax Law, is authorized to do any of the following: (i) issue special service area bonds, (ii) sell or assign those bonds to the Authority, and (iii) assign or pledge those special service area bonds, agreements relating to public and private green special service area projects, or both to the Illinois Finance Authority."; and

on page 16, line 2, by replacing "(d)" with "(e)"; and

on page 22, line 2, by replacing "renewal" with "renewable"; and

on page 22, line 3, by replacing "to their" with "to or serving the designated"; and

on page 23, line 6, by replacing "to their" with "to or serving the designated".