(50 ILCS 405/0.01) (from Ch. 85, par. 850)
Sec. 0.01.
Short title.
This Act may be cited as the
Local Government Debt Limitation Act.
(Source: P.A. 86-1324.)
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(50 ILCS 405/1) (from Ch. 85, par. 851)
Sec. 1.
Except as hereinafter provided in this Act or otherwise specifically
provided by law, no county having
a population of less than 500,000 and no township, school district or
other municipal corporation having a population of less than 300,000
shall become indebted in any manner or for any purpose, to an amount,
including existing indebtedness, in the aggregate exceeding 2.875% on
the value of the taxable property therein, to be ascertained by the last
assessment for State and county taxes, previous to the incurring of such
indebtedness or, until January 1, 1983, if greater, the sum that is
produced by multiplying such governmental unit's 1978 equalized assessed
valuation by the debt limitation percentage in effect on January 1,
1979.
Any county, township, school district and municipal corporation may
provide by resolution for the taking of a census of the population
thereof in order to determine the number of such population for any and
all purposes of this Act. The courts in this State shall take judicial
notice of the population of any county or township or school district or
municipal corporation as the same may appear from the latest county or
township or school district or municipal corporation census so taken.
However, no county or township or school district or municipal
corporation census shall be taken by the authority of this section, more
often than once in 3 years.
(Source: P.A. 81-1506.)
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(50 ILCS 405/1.2) (from Ch. 85, par. 851.2)
Sec. 1.2.
The limitation prescribed in Section 1 of this Act shall not
apply to any indebtedness of any school district for acquiring or improving
a site or sites, constructing, extending, improving and equipping school
buildings or establishing a working cash fund.
(Source: Laws 1957, p. 285.)
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(50 ILCS 405/1.3) (from Ch. 85, par. 851.3)
Sec. 1.3.
The limitation prescribed in section 1 of this act shall not
apply to any indebtedness of any school district incurred in connection
with the issuance of funding bonds.
(Source: Laws 1941, vol. 2, p. 472.)
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(50 ILCS 405/1.5) (from Ch. 85, par. 851.5)
Sec. 1.5.
The limitation prescribed in section 1 of this Act shall not
apply to any indebtedness of any township or road district for the
construction, improvement and repair of roads and bridges or other road
purposes, and work incident thereto.
(Source: Laws 1937, p. 931.)
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(50 ILCS 405/1.5a) (from Ch. 85, par. 851.5a)
Sec. 1.5a.
The limitation prescribed in Section 1 of this Act shall not
apply to any indebtedness of any town to establish, acquire by purchase or
otherwise, construct, improve, extend, repair, equip, maintain and operate
a public hospital.
(Source: Laws 1945, p. 1203.)
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(50 ILCS 405/1.5b) (from Ch. 85, par. 851.5b)
Sec. 1.5b.
The limitation prescribed in Section 1 of this Act shall not
apply to any indebtedness of any fire protection district to acquire,
establish, maintain and operate fire stations, including the acquisition of
a site or sites therefor, facilities, vehicles, apparatus and equipment for
fire protection purposes.
(Source: Laws 1957, p. 204.)
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(50 ILCS 405/1.5c) (from Ch. 85, par. 851.5c)
Sec. 1.5c.
The limitation prescribed in Section 1 of this Act shall not
apply to any indebtedness incurred by River Conservancy Districts organized
under "An Act authorizing the formation of River Conservancy Districts and
giving such Districts powers to effectuate river and flood control,
drainage, irrigation, conservation, sanitation, navigation, recreation,
development of water supplies and the protection of fish life", approved
June 11, 1925, as amended.
(Source: Laws 1961, p. 2307.)
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(50 ILCS 405/1.5d) (from Ch. 85, par. 851.5d)
Sec. 1.5d.
The limitations prescribed in Section 1 of this Act shall not
apply to any indebtedness incurred by any hospital district organized under
"An Act providing for the creation and operation of Hospital Districts,"
approved July 15, 1949, as amended.
(Source: Laws 1965, p. 2719.)
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(50 ILCS 405/1.10) (from Ch. 85, par. 851.10)
Sec. 1.10.
The limitation prescribed in section 1 of this act shall not
apply to any indebtedness of any county for the purpose of building a
county court house, jail and other necessary county buildings, and to
provide proper rooms and offices for the accommodation of the circuit
court of the county, and for the county board, State's attorney,
county clerk, county treasurer, recorder, sheriff and clerks of court
and to provide suitable furniture therefor.
(Source: P.A. 83-345.)
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(50 ILCS 405/1.15) (from Ch. 85, par. 851.15)
Sec. 1.15.
The limitations prescribed in Section 1 of this Act shall not
apply to any indebtedness incurred by any city, village or incorporated
town under "An Act to authorize certain cities, villages and incorporated
towns to issue bonds for the payment of past due salaries to firemen and
policemen," enacted by the Sixty-second General Assembly.
(Source: P.A. 87-895.)
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(50 ILCS 405/1.15a) (from Ch. 85, par. 851.15a)
Sec. 1.15a.
The limitation prescribed in Section 1 of this Act shall
not apply to any indebtedness incurred by sanitary districts organized
under "An Act to create sanitary districts and to provide for sewage
disposal and to provide for the annexation of additional territory to
any such district and to authorize sanitary districts to acquire by
purchase or construction and upon acquisition to maintain and operate a
waterworks or drainage system and to improve and extend the same and
issue general obligation bonds, revenue bonds or special assessment
bonds to pay the cost thereof which revenue bonds shall be payable
solely from the revenues of such waterworks or drainage system and to
provide for a method of dissolution of such sanitary districts",
approved July 2, 1936, as amended.
(Source: Laws 1965, p. 3682.)
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(50 ILCS 405/1.16) (from Ch. 85, par. 851.16)
Sec. 1.16.
The limitation prescribed in Section 1 of this Act shall not
apply to any indebtedness of any sanitary district incorporated under "An
Act to create sanitary districts and to provide for sewage disposal",
approved June 22, 1917, as amended, for the purpose of constructing,
altering, improving or repairing a waterworks or a sewer system, including
a plant for the treatment and disposal of sewage.
(Source: Laws 1941, vol. 1, p. 1031.)
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(50 ILCS 405/1.16a) (from Ch. 85, par. 851.16a)
Sec. 1.16a.
The limitation prescribed in Section 1 of this Act does not
apply to any indebtedness for corporate purposes of any sanitary district
organized under "An Act to create sanitary districts, and to provide for
sewage disposal", approved June 5, 1911, as amended.
(Source: Laws 1968, p. 114.)
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(50 ILCS 405/1.17) (from Ch. 85, par. 851.17)
Sec. 1.17.
The limitations prescribed in Section 1 of this Act shall not
apply to any indebtedness of any surface water protection district
organized under "An Act in relation to Surface Water Protection Districts",
approved July 15, 1953, as amended, for the
purposes of acquiring, establishing, maintaining, and operating of ditches,
channels, flumes, or similar waterways, trunk sewers, lateral sewers,
manholes, street inlets, roadway culverts, outlet structures, junction
chambers, pumping stations, retention basins, dams, levees, gate
structures, spillways, control works, or any other types of construction
necessary for the collection of surface water within the district
boundaries and the subsequent conveyance and disposal of such waters at
suitable points of discharge; but the aggregate indebtedness of any such
surface water protection district shall not exceed the limitation
prescribed in the Act under which it was organized.
(Source: P.A. 83-333.)
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(50 ILCS 405/1.18) (from Ch. 85, par. 851.18)
Sec. 1.18.
The limitations prescribed in Section 1 of this Act shall not
apply to any indebtedness incurred by any city, village or incorporated
town under the "Illinois Municipal Code", approved May 29, 1961, as
amended.
(Source: Laws 1967, p. 3573.)
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(50 ILCS 405/1.19) (from Ch. 85, par. 851.19)
Sec. 1.19.
The limitations prescribed in Section 1 of this Act shall not
apply to any indebtedness for either acquiring, constructing, operating,
and maintaining sewage facilities or sewage treatment plants, or a
combination thereof, as the case may be, incurred by any county which has
accepted the provisions of "An Act in relation to water supply, drainage,
sewage, pollution and flood control in certain counties", approved July 22,
1959, as amended.
(Source: Laws 1968, p. 113.)
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(50 ILCS 405/1.20) (from Ch. 85, par. 851.20)
Sec. 1.20.
The limitation prescribed in Section 1 of this Act does not
apply to any indebtedness of a park district for the acquisition,
construction, maintenance and operation of airports and landing fields for
aircraft, as provided in Section 9-2b of The Park District Code, as now or
hereafter amended, or to any indebtedness of a county with a population of
less than 300,000 and contiguous to one, and only one, county with a
population over 200,000 and less than 300,000 for the acquisition,
construction, maintenance, and operation of airports, landing fields, and
related facilities, including roads, utilities, and parking facilities.
(Source: P.A. 86-513.)
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(50 ILCS 405/1.21) (from Ch. 85, par. 851.21)
Sec. 1.21.
The limitations prescribed in Section 1 of this Act shall not apply to
any indebtedness of any library district incurred for acquiring or
improving sites, constructing, extending or improving and equipping sites
for public library purposes or for the establishment, support and
maintenance of a public library, under the provisions of "The Illinois
Public Library District Act", as now or hereafter amended.
(Source: P.A. 78-428.)
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(50 ILCS 405/1.22) (from Ch. 85, par. 851.22)
Sec. 1.22.
The limitations prescribed in Section 1 of this Act do not
apply to any indebtedness of any township for acquisition of open lands and
their use for open space purposes under Article 115 of the Township Code.
(Source: P.A. 91-357, eff. 7-29-99.)
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(50 ILCS 405/1.23)
Sec. 1.23.
Indebtedness of Downstate School Finance Authority.
The limitation prescribed in Section 1 of this Act does not apply to any
indebtedness of a School Finance Authority created pursuant to Article
1E of the School Code.
(Source: P.A. 92-547, eff. 6-13-02.)
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