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Illinois Compiled Statutes
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() 55 ILCS 5/Div. 6-4
(55 ILCS 5/Div. 6-4 heading)
Division 6-4.
Bonds for Court Houses
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55 ILCS 5/6-4001
(55 ILCS 5/6-4001) (from Ch. 34, par. 6-4001)
Sec. 6-4001.
Bonds for construction or remodeling of courthouses.
Any
county with a population of more than 300,000 and an increase in population
of 30% or more from any decennial census to the next such census, by
resolution of its county board may incur indebtedness for the
reconstruction and remodeling of an existing courthouse or the construction
of a new courthouse and related facilities at the same or a new location
and for the acquisition of land and fixtures therefor, issue and sell
general obligation bonds therefor and levy taxes upon all taxable property
of the county sufficient to pay the principal on the bonds at maturity and
to pay interest thereon as it falls due.
(Source: P.A. 86-962.)
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55 ILCS 5/6-4002
(55 ILCS 5/6-4002) (from Ch. 34, par. 6-4002)
Sec. 6-4002.
Resolution.
The resolution of the county board
authorizing the issuance of the general obligation bonds shall prescribe
all the details of the bonds and specify the total amount of the bonds to
be issued, the form and denomination of the bonds, the date they are to
bear, the place they are payable, the date or dates of maturity, which
shall not be more than 30 years after the date of the bonds, the rate of
interest, which shall not exceed that authorized by "An Act to authorize
public corporations to issue bonds, other evidences of indebtedness and tax
anticipation warrants subject to interest rate limitations set forth
therein", approved May 26, 1970, as amended, and the dates on which the
interest is payable.
(Source: P.A. 86-962.)
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55 ILCS 5/6-4003
(55 ILCS 5/6-4003) (from Ch. 34, par. 6-4003)
Sec. 6-4003.
Tax levy.
The resolution authorizing the bonds shall
also provide for the levy and collection of a direct annual tax upon all
taxable property in the county sufficient to pay the principal of the bonds
at maturity and to pay the interest thereon as it falls due. Such tax shall
not exceed .05% of the value of the property as equalized or assessed by
the Department of Revenue, but shall not be subject to any other statutory
limitations relative to taxes which may be extended for county purposes,
and shall not be subject to the limitations provided in Section 5-1020. The tax
may be levied without referendum.
(Source: P.A. 88-670, eff. 12-2-94.)
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55 ILCS 5/6-4004
(55 ILCS 5/6-4004) (from Ch. 34, par. 6-4004)
Sec. 6-4004.
Execution and terms of bonds.
The bonds shall be
executed by such officials as may be provided in the resolution authorizing
the issue. The bonds may be made registerable as to principal and may be
made callable on any interest payment date at par and accrued interest after
notice has been given at the time and in the manner provided in the resolution.
The bonds shall remain valid even though one or more of the officers executing
the bonds ceases to hold office before the bonds are delivered.
(Source: P.A. 86-962.)
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55 ILCS 5/6-4005
(55 ILCS 5/6-4005) (from Ch. 34, par. 6-4005)
Sec. 6-4005.
Sinking fund.
The resolution of the county board may
provide for the creation of a sinking fund to consist of the proceeds of
the taxes levied for the payment of the principal and interest upon these
bonds. This fund shall be faithfully applied to the purchase or payment of
the bonds, and the interest thereon, issued pursuant to the provisions of
this Division.
(Source: P.A. 86-962.)
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55 ILCS 5/6-4006
(55 ILCS 5/6-4006) (from Ch. 34, par. 6-4006)
Sec. 6-4006.
Sale of bonds.
The bonds shall be sold to the highest
and best bidder at not less than their par value and accrued interest. The
county board shall advertise for proposals to purchase the bonds. Such
advertisement shall be published at least once in a newspaper having
circulation within the county at least 10 days prior to the date for
opening the bids. The county board may reserve the right to reject any and
all bids and to readvertise for bids.
(Source: P.A. 86-962.)
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55 ILCS 5/6-4007
(55 ILCS 5/6-4007) (from Ch. 34, par. 6-4007)
Sec. 6-4007.
Publication of resolution.
After the
resolution of the county board providing for the establishment
of an annual levy has been adopted, it shall be published in some newspaper
of general circulation in the county, once each week for 3 weeks. If there
is no newspaper of general circulation in the county, then copies of the
resolution shall be posted in at least 5 of the most public places in the
county seat of the county.
The publication or posting of the resolution shall include a notice of
(1) the specific number of voters required to sign a petition requesting
that the question of the adoption of the tax levy be submitted to the
voters of the county; (2) the time within which the petition must be filed;
and (3) the date of the prospective referendum. The county clerk shall
provide a petition form to any individual requesting one.
(Source: P.A. 86-962; 86-1253.)
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55 ILCS 5/6-4008
(55 ILCS 5/6-4008) (from Ch. 34, par. 6-4008)
Sec. 6-4008.
Petition for referendum.
If a petition is filed with the
county clerk not later than 28 days after the first publication or the
posting of the resolution, signed by not less than 5% of the number of
legal voters who voted at the last general election in such county,
requesting that the question of establishing an annual tax levy for the
purpose of obtaining funds to construct, reconstruct or remodel a
courthouse be submitted to the electors of the county, the county clerk
shall certify the question to the proper election officials for submission
at the next regular scheduled election in accordance with the general
election law.
The question shall be substantially in the following form:
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shall .............. county issue bond YES in the amount of $........ to construct - - - - - - - - - - - - - - - - - - - -
(or reconstruct or remodel a courthouse)? NO - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
The election shall be conducted in accordance with the general election
law, at the nonpartisan election in 1981.
If a majority of the voters voting upon the aforesaid question vote in
favor of it, the bonds may be issued by such county, but if a majority of
the voters voting upon the question vote against the question the county
may not issue bonds for the purpose of constructing, reconstructing, or
remodeling a courthouse under the provisions of this Division.
(Source: P.A. 86-962 .)
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55 ILCS 5/6-4009
(55 ILCS 5/6-4009) (from Ch. 34, par. 6-4009)
Sec. 6-4009.
When resolution effective.
If no petition
is filed within the time herein provided, the resolution shall
be in full force and effect at the expiration of such period,
and such county may proceed to incur the indebtedness and may
issue and sell its bonds. If a petition is filed, the resolution
shall be in abeyance until the election and it shall only be
effective if the question of incurring the indebtedness and the
issuance of bonds in the amount described, receives the favorable
vote of a majority of the voters of the county voting on the question.
(Source: P.A. 86-962.)
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55 ILCS 5/6-4010
(55 ILCS 5/6-4010) (from Ch. 34, par. 6-4010)
Sec. 6-4010.
County under 300,000.
(a) Any county having a population under 300,000 may, by resolution of
its county board, incur an indebtedness for the reconstruction and
remodeling of an existing courthouse or the construction of a new
courthouse and related facilities at the same or a new location and for the
acquisition of land and fixtures for the courthouse and related facilities and
may issue and sell its bonds and levy taxes upon all the taxable property of
the county sufficient to pay the principal of the bonds at maturity and to
pay interest on the bonds as it falls due upon approval of the issuance of
the bonds at a referendum held in accordance with the general election law.
(b) The total amount of the bonds, together with existing indebtedness,
shall not exceed the limitation provided by law for indebtedness of the county.
(c) Upon adoption of the resolution, the county board shall certify the
question of the issuance of the bonds to the appropriate election
officials. The question shall be submitted to the electors of the county
in substantially the following form:
Shall (name of county) issue bonds in the amount of | | $(amount) to reconstruct and remodel the county courthouse (or construct a new county courthouse and related facilities at (state location) and acquire land and fixtures for the courthouse and related facilities, as the case may be)?
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The question is approved if a majority of the electors voting on the
question vote in favor of it.
(d) Taxes levied for the payment of the principal of and interest on the
bonds shall be in addition to the maximum of taxes provided by statute for
counties and shall not be subject to the limitation for county taxes
provided in Section 5-1014.
(Source: P.A. 87-320.)
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