(70 ILCS 1860/13) (from Ch. 19, par. 296)
Sec. 13.
The Board may, after referendum approval, levy a tax for
corporate purposes of the District annually at the rate approved by
referendum, but which rate shall not exceed .05% of the value of all
taxable property within the Port District as equalized or assessed by
the Department of Revenue.
If the Board desires to levy such a tax it shall order that the question
be submitted at a referendum to be held within the District. The Board
shall certify the order and the question
to the proper election officials, who shall submit the question to the voters
at an election in accordance with the general election law. The Board shall
cause the result of the election to be entered upon the records of the Port
District. If a majority of the vote is in favor of the proposition, the
Board may thereafter levy a tax for corporate purposes at a rate not to
exceed that approved by referendum but in no event to exceed .05% of the
value of all taxable property within the District as equalized or
assessed by the Department of Revenue.
The question shall be in substantially the following
form:
-------------------------------------------------------------- Shall America's Central Port District levy a tax for YES corporate purposes annually at a rate not to exceed ....% of ------------------------- the value of taxable property as equalized or assessed by the NO Department of Revenue?--------------------------------------------------------------
(Source: P.A. 98-854, eff. 1-1-15.)
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