Full Text of HB2219 103rd General Assembly
HB2219ham001 103RD GENERAL ASSEMBLY | Rep. Marcus C. Evans, Jr. Filed: 3/15/2023
| | 10300HB2219ham001 | | LRB103 03428 AWJ 58986 a |
|
| 1 | | AMENDMENT TO HOUSE BILL 2219
| 2 | | AMENDMENT NO. ______. Amend House Bill 2219 on page 1, by | 3 | | replacing line 5 with the following: | 4 | | "is amended by changing Sections 9.6a and 56 as follows:
| 5 | | (70 ILCS 2605/9.6a) (from Ch. 42, par. 328.6a)
| 6 | | Sec. 9.6a. Bonds for sewage treatment , and water quality , | 7 | | and facility improvements. The corporate authorities of a | 8 | | sanitary district, in
order to provide funds required for the | 9 | | replacing, remodeling,
completing, altering, constructing and | 10 | | enlarging of sewage treatment
works, administrative buildings, | 11 | | water quality improvement projects, renewable energy or flood | 12 | | control facilities, and additions therefor, pumping
stations, | 13 | | tunnels, conduits, intercepting sewers and outlet sewers,
| 14 | | together with the equipment, including air pollution | 15 | | equipment, and
appurtenances thereto, to acquire property, | 16 | | real, personal or mixed,
necessary for said purposes, for | 17 | | costs and expenses for the acquisition
of the sites and |
| | | 10300HB2219ham001 | - 2 - | LRB103 03428 AWJ 58986 a |
|
| 1 | | rights-of-way necessary thereto, and for engineering
expenses | 2 | | for designing and supervising the construction of such works,
| 3 | | may issue on or before December 31, 2034, in addition to all
| 4 | | other obligations heretofore or herein authorized, bonds, | 5 | | notes or
other evidences of indebtedness for such purposes in | 6 | | an aggregate
amount at any one time outstanding not to exceed | 7 | | 3.35% of the equalized
assessed valuation of all taxable | 8 | | property within the sanitary district,
to be ascertained by | 9 | | the last assessment for State and local taxes
previous to the | 10 | | issuance of any such obligations. Such obligations shall be
| 11 | | issued without submitting the question of such issuance to the | 12 | | legal voters
of such sanitary district for approval.
| 13 | | The corporate authorities may sell such obligations at | 14 | | private or
public sale and enter into any contract or | 15 | | agreement necessary, appropriate
or incidental to the exercise | 16 | | of the powers granted by this Act, including,
without | 17 | | limitation, contracts or agreements for the sale and purchase | 18 | | of
such obligations and the payment of costs and expenses | 19 | | incident thereto.
The corporate authorities may pay such costs | 20 | | and expenses, in whole or in
part, from the corporate fund.
| 21 | | Such obligations shall be issued from time to time only in | 22 | | amounts as may
be required for such purposes but the amount of | 23 | | such obligations issued during
any one budget year shall not | 24 | | exceed $150,000,000 plus
the amount of any obligations | 25 | | authorized by this Act to be issued during the 3
budget years | 26 | | next preceding the year of issuance but which were not issued,
|
| | | 10300HB2219ham001 | - 3 - | LRB103 03428 AWJ 58986 a |
|
| 1 | | provided, however, that this limitation shall not be | 2 | | applicable (i) to the issuance
of obligations to refund bonds, | 3 | | notes or other evidences of indebtedness,
(ii) to obligations | 4 | | issued to provide for the repayment of money received
from the | 5 | | Water Pollution Control Revolving Fund for the construction or
| 6 | | repair of wastewater treatment works, and (iii) to obligations | 7 | | issued as part of the American Recovery and Reinvestment Act | 8 | | of 2009, issued prior to January 1, 2011, that are commonly | 9 | | known as "Build America Bonds" as authorized by Section 54AA | 10 | | of the Internal Revenue Code of 1986, as amended. Each | 11 | | ordinance authorizing the
issuance of the obligations shall | 12 | | state the general purpose or purposes for
which they are to be | 13 | | issued, and the corporate authorities may at any time
| 14 | | thereafter pass supplemental appropriations ordinances | 15 | | appropriating the
proceeds from the sale of such obligations | 16 | | for such purposes.
| 17 | | Notwithstanding anything to the contrary in Section 9.6 or | 18 | | this Section, and in addition to any other amount of bonds | 19 | | authorized to be issued under this Act, the corporate | 20 | | authorities are authorized to issue from time to time bonds of | 21 | | the district in a principal amount not to exceed $600,000,000 | 22 | | for the purpose of making contributions to the pension fund | 23 | | established under Article 13 of the Illinois Pension Code | 24 | | without submitting the question of issuing bonds to the voters | 25 | | of the District. Any bond issuances under this paragraph are | 26 | | intended to decrease the unfunded liability of the pension |
| | | 10300HB2219ham001 | - 4 - | LRB103 03428 AWJ 58986 a |
|
| 1 | | fund and shall not decrease the amount of the employer | 2 | | contributions required in any given year under Section 13-503 | 3 | | of the Illinois Pension Code. | 4 | | The corporate authorities may issue bonds, notes or other | 5 | | evidences of
indebtedness in an amount necessary to provide | 6 | | funds to refund outstanding
obligations issued pursuant to | 7 | | this Section, including interest accrued or
to accrue thereon.
| 8 | | (Source: P.A. 101-302, eff. 1-1-20; 102-707, eff. 4-22-22.)".
|
|