Full Text of SB3425 98th General Assembly
SB3425enr 98TH GENERAL ASSEMBLY |
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| 1 | | AN ACT concerning local government.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Municipal Code is amended by | 5 | | changing Section 8-4-1 as follows:
| 6 | | (65 ILCS 5/8-4-1) (from Ch. 24, par. 8-4-1)
| 7 | | Sec. 8-4-1.
No bonds shall be issued by the corporate | 8 | | authorities
of any municipality until the question of | 9 | | authorizing such bonds has
been submitted to the electors of | 10 | | that municipality
provided that notice of the bond referendum, | 11 | | if
held before July 1, 1999,
has been given in accordance with | 12 | | the provisions of Section
12-5
of the Election Code in effect | 13 | | at the time of the bond referendum, at least
10 and not more | 14 | | than 45 days before the date of
the election, notwithstanding | 15 | | the time for publication otherwise imposed by
Section 12-5,
and | 16 | | approved by a
majority of the electors voting upon that | 17 | | question.
Notices required in connection with the submission of | 18 | | public questions
on or after July 1, 1999 shall be as set forth | 19 | | in Section 12-5 of the Election
Code.
The clerk shall certify
| 20 | | the proposition of the corporate authorities to the proper | 21 | | election
authority who shall submit the question at an election | 22 | | in accordance with
the general election law, subject to the | 23 | | notice provisions set forth in this
Section.
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| 1 | | Notice of any such election shall contain the amount of the | 2 | | bond
issue, purpose for which issued, and maximum rate of | 3 | | interest.
| 4 | | In addition to all other authority to issue bonds, the | 5 | | Village of Indian Head Park is authorized to issue bonds for | 6 | | the purpose of paying the costs of making roadway improvements | 7 | | in an amount not to exceed the aggregate principal amount of | 8 | | $2,500,000, provided that 60% of the votes cast at the general | 9 | | primary election held on March 18, 2014 are cast in favor of | 10 | | the issuance of the bonds, and the bonds are issued by December | 11 | | 31, 2014. | 12 | | However, without the submission of the question of issuing | 13 | | bonds to the
electors, the corporate authorities of any | 14 | | municipality may authorize the
issuance of any of the following | 15 | | bonds:
| 16 | | (1) Bonds to refund any existing bonded indebtedness;
| 17 | | (2) Bonds to fund or refund any existing judgment | 18 | | indebtedness;
| 19 | | (3) In any municipality of less than 500,000 | 20 | | population, bonds to
anticipate the collection of | 21 | | installments of special assessments and
special taxes | 22 | | against property owned by the municipality and to
| 23 | | anticipate the collection of the amount apportioned to the | 24 | | municipality
as public benefits under Article 9;
| 25 | | (4) Bonds issued by any municipality under Sections | 26 | | 8-4-15 through
8-4-23, 11-23-1 through 11-23-12, 11-25-1 |
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| 1 | | through 11-26-6, 11-71-1
through 11-71-10, 11-74.3-1 | 2 | | through 11-74.3-7, 11-74.4-1 through 11-74.4-11, 11-74.5-1 | 3 | | through
11-74.5-15,
11-94-1 through 11-94-7, 11-102-1 | 4 | | through 11-102-10,
11-103-11 through 11-103-15, 11-118-1 | 5 | | through 11-118-6, 11-119-1 through
11-119-5, 11-129-1 | 6 | | through 11-129-7, 11-133-1 through 11-133-4, 11-139-1
| 7 | | through 11-139-12, 11-141-1 through 11-141-18 of this Code | 8 | | or 10-801
through 10-808 of the Illinois Highway Code, as | 9 | | amended;
| 10 | | (5) Bonds issued by the board of education of any | 11 | | school district
under the provisions of Sections 34-30 | 12 | | through 34-36 of The School Code,
as amended;
| 13 | | (6) Bonds issued by any municipality under the | 14 | | provisions of
Division 6 of this Article 8; and by any | 15 | | municipality under the
provisions of Division 7 of this | 16 | | Article 8; or under the provisions of
Sections 11-121-4 and | 17 | | 11-121-5;
| 18 | | (7) Bonds to pay for the purchase of voting machines by | 19 | | any
municipality that has adopted Article 24 of The | 20 | | Election Code, approved
May 11, 1943, as amended;
| 21 | | (8) Bonds issued by any municipality under Sections 15 | 22 | | and 46 of the
"Environmental Protection Act", approved June | 23 | | 29, 1970;
| 24 | | (9) Bonds issued by the corporate authorities of any | 25 | | municipality
under the provisions of Section 8-4-25 of this | 26 | | Article 8;
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| 1 | | (10) Bonds issued under Section 8-4-26 of this Article | 2 | | 8 by any
municipality having a board of election | 3 | | commissioners;
| 4 | | (11) Bonds issued under the provisions of "An Act to | 5 | | provide the
manner of levying or imposing taxes for the | 6 | | provision of special
services to areas within the | 7 | | boundaries of home rule units and nonhome
rule | 8 | | municipalities and counties", approved September 21, 1973;
| 9 | | (12) Bonds issued under Section 8-5-16 of this Code;
| 10 | | (13) Bonds to finance the cost of the acquisition, | 11 | | construction or
improvement of water or wastewater | 12 | | treatment facilities mandated by an
enforceable compliance | 13 | | schedule developed in connection with the federal
Clean | 14 | | Water Act or a compliance order issued by the United States
| 15 | | Environmental Protection Agency or the Illinois Pollution | 16 | | Control Board;
provided that such bonds are authorized by | 17 | | an ordinance adopted by a
three-fifths majority of the | 18 | | corporate authorities of the municipality
issuing the | 19 | | bonds which ordinance shall specify that the construction | 20 | | or
improvement of such facilities is necessary to alleviate | 21 | | an emergency
condition in such municipality;
| 22 | | (14) Bonds issued by any municipality pursuant to | 23 | | Section
11-113.1-1;
| 24 | | (15) Bonds issued under Sections 11-74.6-1 through | 25 | | 11-74.6-45, the
Industrial Jobs Recovery Law of this Code;
| 26 | | (16) Bonds issued under the Innovation Development and |
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| 1 | | Economy Act, except as may be required by Section 35 of | 2 | | that Act. | 3 | | (Source: P.A. 96-939, eff. 6-24-10; 96-1394, eff. 7-29-10; | 4 | | 97-333, eff. 8-12-11.)
| 5 | | Section 99. Effective date. This Act takes effect upon | 6 | | becoming law. |
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