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90_HB1375sam001
LRB9001773MWpcam
1 AMENDMENT TO HOUSE BILL 1375
2 AMENDMENT NO. . Amend House Bill 1375 by replacing
3 the title with the following:
4 "AN ACT to amend the Metropolitan Water Reclamation
5 District Act by changing Section 9.6a."; and
6 by replacing everything after the enacting clause with the
7 following:
8 "Section 5. The Metropolitan Water Reclamation District
9 Act is amended by changing Section 9.6a as follows:
10 (70 ILCS 2605/9.6a) (from Ch. 42, par. 328.6a)
11 Sec. 9.6a. The corporate authorities of a sanitary
12 district, in order to provide funds required for the
13 replacing, remodeling, completing, altering, constructing and
14 enlarging of sewage treatment works or flood control
15 facilities, and additions therefor, pumping stations,
16 tunnels, conduits, intercepting sewers and outlet sewers,
17 together with the equipment, including air pollution
18 equipment, and appurtenances thereto, to acquire property,
19 real, personal or mixed, necessary for said purposes, for
20 costs and expenses for the acquisition of the sites and
21 rights-of-way necessary thereto, and for engineering expenses
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1 for designing and supervising the construction of such works,
2 may issue on or before December 31, 2006 2001, in addition to
3 all other obligations heretofore or herein authorized, bonds,
4 notes or other evidences of indebtedness for such purposes in
5 an aggregate amount at any one time outstanding not to exceed
6 3.35% of the equalized assessed valuation of all taxable
7 property within the sanitary district, to be ascertained by
8 the last assessment for State and local taxes previous to the
9 issuance of any such obligations. Such obligations shall be
10 issued without submitting the question of such issuance to
11 the legal voters of such sanitary district for approval.
12 The corporate authorities may sell such obligations at
13 private or public sale and enter into any contract or
14 agreement necessary, appropriate or incidental to the
15 exercise of the powers granted by this Act, including,
16 without limitation, contracts or agreements for the sale and
17 purchase of such obligations and the payment of costs and
18 expenses incident thereto. The corporate authorities may pay
19 such costs and expenses, in whole or in part, from the
20 corporate fund.
21 Such obligations shall be issued from time to time only
22 in amounts as may be required for such purposes but the
23 amount of such obligations issued during any one budget year
24 shall not exceed $100,000,000 plus the amount of any
25 obligations authorized by this Act to be issued during the 3
26 budget years next preceding the year of issuance but which
27 were not issued, provided, however, that this limitation
28 shall not be applicable to the issuance of obligations to
29 refund bonds, notes or other evidences of indebtedness, nor
30 to obligations issued to provide for the repayment of money
31 received from the Water Pollution Control Revolving Fund for
32 the construction or repair of wastewater treatment works.
33 Each ordinance authorizing the issuance of the obligations
34 shall state the general purpose or purposes for which they
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1 are to be issued, and the corporate authorities may at any
2 time thereafter pass supplemental appropriations ordinances
3 appropriating the proceeds from the sale of such obligations
4 for such purposes.
5 The corporate authorities may issue bonds, notes or other
6 evidences of indebtedness in an amount necessary to provide
7 funds to refund outstanding obligations issued pursuant to
8 this Section, including interest accrued or to accrue
9 thereon.
10 (Source: P.A. 87-501; 87-767; 88-107.)".