State of Illinois
90th General Assembly
Legislation

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90_SB0200ham004

                                           LRB9001780MWgcam04
 1                    AMENDMENT TO SENATE BILL 200
 2        AMENDMENT NO.     .  Amend Senate Bill 200,  AS  AMENDED,
 3    by replacing the title with the following:
 4        "AN  ACT concerning notice of bond issues, amending named
 5    Acts."; and
 6    by replacing everything after the enacting  clause  with  the
 7    following:
 8        "Section  5.  The  Local  Government  Debt  Reform Act is
 9    amended by changing Section 15 as follows:
10        (30 ILCS 350/15) (from Ch. 17, par. 6915)
11        Sec. 15.  Double-barrelled bonds.  Whenever revenue bonds
12    have been authorized to be issued pursuant to applicable  law
13    or  whenever  there  exists for a governmental unit a revenue
14    source, the procedures set forth in this Section may be  used
15    by  a governing body.  General obligation bonds may be issued
16    in lieu of such revenue  bonds  as  authorized,  and  general
17    obligation  bonds  may  be  issued  payable  from any revenue
18    source.  Such general obligation bonds may be referred to  as
19    "alternate bonds".  Alternate bonds may be issued without any
20    referendum  or backdoor referendum except as provided in this
21    Section, upon the terms provided in Section 10  of  this  Act
                            -2-            LRB9001780MWgcam04
 1    without  reference  to other provisions of law, but only upon
 2    the conditions provided in  this  Section.   Alternate  bonds
 3    shall  not  be  regarded as or included in any computation of
 4    indebtedness for the purpose of any  statutory  provision  or
 5    limitation except as expressly provided in this Section.
 6        Such conditions are:  (a) Alternate bonds shall be issued
 7    for a lawful corporate purpose.  If issued in lieu of revenue
 8    bonds,  alternate  bonds shall be issued for the purposes for
 9    which such revenue bonds  shall  have  been  authorized.   If
10    issued   payable   from   a  revenue  source  in  the  manner
11    hereinafter provided, which revenue source is limited in  its
12    purposes  or  applications, then the alternate bonds shall be
13    issued  only  for  such  limited  purposes  or  applications.
14    Alternate bonds may be issued payable from either  enterprise
15    revenues or revenue sources, or both.
16        (b)  Alternate   bonds   shall  be  subject  to  backdoor
17    referendum.  The provisions of Section 5 of  this  Act  shall
18    apply   to   such  backdoor  referendum,  together  with  the
19    provisions  hereof.   The  authorizing  ordinance  shall   be
20    published  in  a  newspaper  of  general  circulation  in the
21    governmental unit.  Along with or as part of the  authorizing
22    ordinance,  there  shall  be  published  a  notice of (1) the
23    specific  number  of  voters  required  to  sign  a  petition
24    requesting that  the  issuance  of  the  alternate  bonds  be
25    submitted to referendum, (2) the time when such petition must
26    be  filed,  (3)  the  date of the prospective referendum, and
27    (4), with respect to authorizing  ordinances  adopted  on  or
28    after  January  1,  1991,  a  statement  that  identifies any
29    revenue source that will be used to pay the principal of  and
30    interest  on  the alternate bonds.  The clerk or secretary of
31    the governmental unit shall make a petition form available to
32    anyone requesting one.  If no  petition  is  filed  with  the
33    clerk  or  secretary  within  30  days  of publication of the
34    authorizing ordinance and notice, the alternate  bonds  shall
                            -3-            LRB9001780MWgcam04
 1    be  authorized  to  be  issued.   But  if within this 30 days
 2    period, a petition is filed  with  such  clerk  or  secretary
 3    signed  by  electors numbering the greater of (i) 7.5% of the
 4    registered voters in the governmental unit  or  (ii)  200  of
 5    those  registered  voters  or 15% of those registered voters,
 6    whichever is less, asking that the issuance of such alternate
 7    bonds be submitted to  referendum,  the  clerk  or  secretary
 8    shall  certify  such  question  for submission at an election
 9    held  in  accordance  with  the  general  election  law.  The
10    question on the ballot  shall  include  a  statement  of  any
11    revenue  source that will be used to pay the principal of and
12    interest on the alternate bonds. The alternate bonds shall be
13    authorized to be issued if a majority of the  votes  cast  on
14    the  question  at such election are in favor thereof provided
15    that  notice  of  the  bond  referendum,  if  heretofore   or
16    hereafter held, has been or shall be given in accordance with
17    the provisions of Section 12-5 of the Election Code, at least
18    10 and not more than 45 days before the date of the election,
19    notwithstanding the time for publication otherwise imposed by
20    Section  12-5.  Backdoor referendum proceedings for bonds and
21    alternate bonds to be issued in lieu of  such  bonds  may  be
22    conducted at the same time.
23        (c)  To the extent payable from enterprise revenues, such
24    revenues  shall have been determined by the governing body to
25    be sufficient to provide for or pay in  each  year  to  final
26    maturity  of  such alternate bonds all of the following:  (1)
27    costs  of  operation  and  maintenance  of  the  utility   or
28    enterprise,  but not including depreciation, (2) debt service
29    on all outstanding revenue bonds payable from such enterprise
30    revenues, (3) all  amounts  required  to  meet  any  fund  or
31    account requirements with respect to such outstanding revenue
32    bonds,  (4)  other contractual or tort liability obligations,
33    if any, payable from such enterprise  revenues,  and  (5)  in
34    each year, an amount not less than 1.25 times debt service of
                            -4-            LRB9001780MWgcam04
 1    all (i) alternate bonds payable from such enterprise revenues
 2    previously  issued  and  outstanding and (ii) alternate bonds
 3    proposed to be issued.  To the extent  payable  from  one  or
 4    more revenue sources, such sources shall have been determined
 5    by  the governing body to provide in each year, an amount not
 6    less than 1.25 times debt  service  of  all  alternate  bonds
 7    payable  from  such  revenue  sources  previously  issued and
 8    outstanding and alternate bonds proposed to be  issued.   The
 9    conditions  enumerated in this subsection (c) need not be met
10    for that amount of debt service provided for by  the  setting
11    aside of proceeds of bonds or other moneys at the time of the
12    delivery of such bonds.
13        (d)  The  determination  of the sufficiency of enterprise
14    revenues  or  a  revenue  source,  as  applicable,  shall  be
15    supported by reference  to  the  most  recent  audit  of  the
16    governmental  unit,  which  shall be for a fiscal year ending
17    not earlier than 18 months previous to the time  of  issuance
18    of  the  alternate  bonds.  If such audit does not adequately
19    show  such  enterprise  revenues  or   revenue   source,   as
20    applicable, or if such enterprise revenues or revenue source,
21    as  applicable,  are  shown  to  be  insufficient,  then  the
22    determination of sufficiency shall be supported by the report
23    of  an independent accountant or feasibility analyst having a
24    national  reputation   for   expertise   in   such   matters,
25    demonstrating   the   sufficiency   of   such   revenues  and
26    explaining, if appropriate, by what means the  revenues  will
27    be  greater  than  as  shown  in  the  audit.   Whenever such
28    sufficiency is demonstrated by reference  to  a  schedule  of
29    higher  rates  or charges for enterprise revenues or a higher
30    tax imposition for  a  revenue  source,  such  higher  rates,
31    charges  or  taxes  shall  have  been  properly imposed by an
32    ordinance adopted prior to the time of delivery of  alternate
33    bonds.   The  reference  to  and  acceptance  of  an audit or
34    report, as the case may be,  and  the  determination  of  the
                            -5-            LRB9001780MWgcam04
 1    governing  body as to sufficiency of enterprise revenues or a
 2    revenue  source  shall  be  conclusive  evidence   that   the
 3    conditions  of  this  Section  have  been  met  and  that the
 4    alternate bonds are valid.
 5        (e)  The  enterprise  revenues  or  revenue  source,   as
 6    applicable,  shall  be  in fact pledged to the payment of the
 7    alternate bonds; and the governing body  shall  covenant,  to
 8    the  extent it is empowered to do so, to provide for, collect
 9    and apply such enterprise  revenues  or  revenue  source,  as
10    applicable,  to  the  payment  of the alternate bonds and the
11    provision of not less  than  an  additional  .25  times  debt
12    service.   The  pledge  and establishment of rates or charges
13    for enterprise revenues, or the  imposition  of  taxes  in  a
14    given  rate  or  amount,  as  provided  in  this  Section for
15    alternate bonds, shall constitute a continuing obligation  of
16    the  governmental  unit with respect to such establishment or
17    imposition and a  continuing  appropriation  of  the  amounts
18    received.   All covenants relating to alternate bonds and the
19    conditions  and  obligations  imposed  by  this  Section  are
20    enforceable by any bondholder of  alternate  bonds  affected,
21    any  taxpayer of the governmental unit, and the People of the
22    State of Illinois acting through the Attorney General or  any
23    designee, and in the event that any such action results in an
24    order finding that the governmental unit has not properly set
25    rates  or  charges  or  imposed  taxes  to  the  extent it is
26    empowered to  do  so  or  collected  and  applied  enterprise
27    revenues or any revenue source, as applicable, as required by
28    this  Act,  the plaintiff in any such action shall be awarded
29    reasonable  attorney's  fees.   The  intent  is   that   such
30    enterprise  revenues  or revenue source, as applicable, shall
31    be sufficient and shall be applied to  the  payment  of  debt
32    service  on  such  alternate  bonds so that taxes need not be
33    levied, or if levied need not be extended, for such  payment.
34    Nothing  in  this  Section  shall  inhibit  or  restrict  the
                            -6-            LRB9001780MWgcam04
 1    authority  of a governing body to determine the lien priority
 2    of any bonds, including alternate bonds, which may be  issued
 3    with respect to any enterprise revenues or revenue source.
 4        In  the event that alternate bonds shall have been issued
 5    and taxes, other than a designated revenue source, shall have
 6    been extended pursuant to the general obligation, full  faith
 7    and  credit promise supporting such alternate bonds, then the
 8    amount of such alternate  bonds  then  outstanding  shall  be
 9    included   in   the   computation   of  indebtedness  of  the
10    governmental unit for purposes of all statutory provisions or
11    limitations until such time as an audit of  the  governmental
12    unit  shall show that the alternate bonds have been paid from
13    the enterprise revenues or  revenue  source,  as  applicable,
14    pledged thereto for a complete fiscal year.
15        Alternate bonds may be issued to refund or advance refund
16    alternate  bonds  without  meeting  any of the conditions set
17    forth in this Section, except that the term of the  refunding
18    bonds shall not be longer than the term of the refunded bonds
19    and  that  the  debt  service  payable  in  any  year  on the
20    refunding bonds shall not exceed the debt service payable  in
21    such year on the refunded bonds.
22        Once  issued, alternate bonds shall be and forever remain
23    until  paid  or  defeased  the  general  obligation  of   the
24    governmental  unit,  for  the payment of which its full faith
25    and credit are pledged, and shall be payable from the levy of
26    taxes as is provided  in  this  Act  for  general  obligation
27    bonds.
28        The  changes  made  by this amendatory Act of 1990 do not
29    affect the validity of bonds authorized before  September  1,
30    1990.
31    (Source: P.A. 85-1419; 86-1179.)
32        Section 10.  The Property Tax Code is amended by changing
33    Sections 18-205 and 18-210 as follows:
                            -7-            LRB9001780MWgcam04
 1        (35 ILCS 200/18-205)
 2        Sec.   18-205.   Referendum  to  increase  the  extension
 3    limitation.  A taxing district is  limited  to  an  extension
 4    increase  of  5%  or  the percentage increase in the Consumer
 5    Price Index during the 12-month calendar year  preceding  the
 6    levy  year, whichever is less. A taxing district may increase
 7    its extension limitation for a  current  levy  year  if  that
 8    taxing  district  holds  a referendum before the levy date at
 9    which a majority of  voters  voting  on  the  issue  approves
10    adoption  of  a higher extension limitation.  Referenda shall
11    be conducted at a regularly scheduled election in  accordance
12    with  the  Election  Code  provided  that  notice of the bond
13    referendum, if heretofore or  hereafter  held,  has  been  or
14    shall  be  given in accordance with the provisions of Section
15    12-5 of the Election Code, at least 10 and not more  than  45
16    days  before  the  date  of the election, notwithstanding the
17    time for publication otherwise imposed by Section  12-5.  The
18    question  shall  be  presented in substantially the following
19    manner:
20    -------------------------------------------------------------
21        Shall the extension limitation
22    under the Property Tax Extension
23    Limitation Law for ...                       YES
24    (taxing district name) ... be increased
25    from ... (the lesser of 5% or the          ------------------
26    increase in the Consumer Price Index over
27    the prior levy year) ...% to ... (percentage      NO
28    of proposed increase) ...% for the ...
29    (levy year) ... levy year?
30    -------------------------------------------------------------
31    If a majority of voters voting  on  the  issue  approves  the
32    adoption  of  the  increase, the increase shall be applicable
33    for the levy year specified.
34    (Source: P.A. 87-17; 88-455.)
                            -8-            LRB9001780MWgcam04
 1        (35 ILCS 200/18-210)
 2        Sec. 18-210.  Establishing a new levy. Except as provided
 3    in Section 18-215, as it relates to a transfer of a  service,
 4    before  a  county clerk may extend taxes for funds subject to
 5    the limitations of this Law,  a  new  taxing  district  or  a
 6    taxing  district  with  an  aggregate  extension base of zero
 7    shall hold a  referendum  establishing  a  maximum  aggregate
 8    extension  for the levy year. The maximum aggregate extension
 9    is established for the current levy year if a taxing district
10    has held a referendum before  the  levy  date  at  which  the
11    majority  voting  on  the  issue  approves  its adoption. The
12    referendum under this Section may be held at the same time as
13    the  referendum  on  creating  a  new  taxing  district.  The
14    question shall be submitted to  the  voters  at  a  regularly
15    scheduled  election  in  accordance  with  the  Election Code
16    provided  that  notice  of  referendum,  if   heretofore   or
17    hereafter held, has been or shall be given in accordance with
18    the provisions of Section 12-5 of the Election Code, at least
19    10 and not more than 45 days before the date of the election,
20    notwithstanding the time for publication otherwise imposed by
21    Section   12-5.    The   question   shall   be  submitted  in
22    substantially the following form manner:
23    -------------------------------------------------------------
24        Under the Property Tax Extension
25    Limitation Law, may an                      YES
26    aggregate extension not to exceed ...
27    (aggregate extension amount) ...        ---------------------
28    be made for the ... (taxing
29    district name) ... for the                  NO
30    ... (levy year) ... levy year?
31    -------------------------------------------------------------
32    If a majority of voters voting on the increase  approves  the
33    adoption  of  the aggregate extension, the extension shall be
34    effective for the levy year specified.
                            -9-            LRB9001780MWgcam04
 1    (Source: P.A. 87-17; 88-455.)
 2        Section 15.  The Illinois  Pension  Code  is  amended  by
 3    changing Section 3-145 as follows:
 4        (40 ILCS 5/3-145) (from Ch. 108 1/2, par. 3-145)
 5        Sec.  3-145.   Referendum  in  municipalities  less  than
 6    5,000.   This   Article   shall   not  be  effective  in  any
 7    municipality having a population of less  than  5,000  unless
 8    the  proposition  to  adopt  the  Article is submitted to and
 9    approved by the voters of  the  municipality  in  the  manner
10    herein provided.
11        Whenever  the  electors  of  the  municipality,  equal in
12    number to 5% of the number of legal votes cast  at  the  last
13    preceding  general  municipal  election,  petition  the city,
14    village or town clerk to submit the proposition whether  that
15    municipality  shall  adopt  this Article, the officer to whom
16    the petition is addressed shall certify  the  proposition  to
17    the   proper   election   officials   who  shall  submit  the
18    proposition in accordance with the general election law at  a
19    regular  election in the municipality provided that notice of
20    the referendum, if heretofore or hereafter held, has been  or
21    shall  be  given in accordance with the provisions of Section
22    12-5 of the Election Code, at least 10 and not more  than  45
23    days  before  the  date  of the election, notwithstanding the
24    time for publication otherwise imposed by  Section  12-5.  If
25    the  proposition  is  not adopted at that election, it may be
26    submitted in like manner at any regular election  thereafter.
27    The proposition shall be substantially in the following form:
28    -------------------------------------------------------------
29        Shall the city (or village or
30    incorporated town) of.... adopt           YES
31    Article 3 of the "Illinois Pension    -----------------------
32    Code", pertaining to the creation         NO
                            -10-           LRB9001780MWgcam04
 1    of a police pension fund?
 2    -------------------------------------------------------------
 3    If a majority of the votes cast on the proposition is for the
 4    proposition, this Article is adopted in that municipality.
 5    (Source: P.A. 83-1440.)
 6        Section  20.  The  Illinois  Municipal Code is amended by
 7    changing Section 8-4-1 as follows:
 8        (65 ILCS 5/8-4-1) (from Ch. 24, par. 8-4-1)
 9        Sec. 8-4-1.  No bonds shall be issued  by  the  corporate
10    authorities   of  any  municipality  until  the  question  of
11    authorizing such bonds has been submitted to the electors  of
12    that   municipality   provided   that   notice  of  the  bond
13    referendum, if heretofore or  hereafter  held,  has  been  or
14    shall  be  given in accordance with the provisions of Section
15    12-5 of the Election Code, at least 10 and not more  than  45
16    days  before  the  date  of the election, notwithstanding the
17    time for publication otherwise imposed by Section  12-5,  and
18    approved  by  a  majority  of  the  electors voting upon that
19    question. The clerk shall  certify  the  proposition  of  the
20    corporate  authorities  to  the proper election authority who
21    shall submit the question at an election in  accordance  with
22    the  general  election  law, subject to the notice provisions
23    set forth in this Section.
24        Notice of any such election shall contain the  amount  of
25    the bond issue, purpose for which issued, and maximum rate of
26    interest.
27        However,  without  the  submission  of  the  question  of
28    issuing  bonds  to the electors, the corporate authorities of
29    any municipality may authorize the issuance  of  any  of  the
30    following bonds:
31        (1)  Bonds to refund any existing bonded indebtedness;
32        (2)  Bonds  to  fund  or  refund  any  existing  judgment
                            -11-           LRB9001780MWgcam04
 1    indebtedness;
 2        (3)  In any municipality of less than 500,000 population,
 3    bonds to anticipate the collection of installments of special
 4    assessments  and  special taxes against property owned by the
 5    municipality and to anticipate the collection of  the  amount
 6    apportioned  to  the  municipality  as  public benefits under
 7    Article 9;
 8        (4)  Bonds issued  by  any  municipality  under  Sections
 9    8-4-15  through  8-4-23,  11-23-1  through  11-23-12, 11-25-1
10    through 11-26-6, 11-71-1 through 11-71-10, 11-74.4-1  through
11    11-74.4-11,  11-74.5-1  through  11-74.5-15,  11-94-1 through
12    11-94-7,  11-102-1  through  11-102-10,   11-103-11   through
13    11-103-15,   11-118-1   through  11-118-6,  11-119-1  through
14    11-119-5,  11-129-1  through   11-129-7,   11-133-1   through
15    11-133-4,   11-139-1   through  11-139-12,  11-141-1  through
16    11-141-18 of this  Code  or  10-801  through  10-808  of  the
17    Illinois Highway Code, as amended;
18        (5)  Bonds issued by the board of education of any school
19    district under the provisions of Sections 34-30 through 34-36
20    of The School Code, as amended;
21        (6)  Bonds   issued   by   any   municipality  under  the
22    provisions of Division 6  of  this  Article  8;  and  by  any
23    municipality  under  the  provisions  of  Division  7 of this
24    Article 8; or under the provisions of Sections  11-121-4  and
25    11-121-5;
26        (7)  Bonds  to pay for the purchase of voting machines by
27    any municipality that has adopted Article 24 of The  Election
28    Code, approved May 11, 1943, as amended;
29        (8)  Bonds  issued  by any municipality under Sections 15
30    and 46 of the "Environmental Protection Act",  approved  June
31    29, 1970;
32        (9)  Bonds  issued  by  the  corporate authorities of any
33    municipality under the provisions of Section 8-4-25  of  this
34    Article 8;
                            -12-           LRB9001780MWgcam04
 1        (10)  Bonds issued under Section 8-4-26 of this Article 8
 2    by any municipality having a board of election commissioners;
 3        (11)  Bonds  issued  under  the  provisions of "An Act to
 4    provide the manner of  levying  or  imposing  taxes  for  the
 5    provision  of special services to areas within the boundaries
 6    of home  rule  units  and  nonhome  rule  municipalities  and
 7    counties", approved September 21, 1973;
 8        (12)  Bonds issued under Section 8-5-16 of this Code;
 9        (13)  Bonds  to  finance  the  cost  of  the acquisition,
10    construction or improvement of water or wastewater  treatment
11    facilities  mandated  by  an  enforceable compliance schedule
12    developed in connection with the federal Clean Water Act or a
13    compliance order issued by the  United  States  Environmental
14    Protection  Agency  or  the Illinois Pollution Control Board;
15    provided that such  bonds  are  authorized  by  an  ordinance
16    adopted   by   a   three-fifths  majority  of  the  corporate
17    authorities of  the  municipality  issuing  the  bonds  which
18    ordinance  shall specify that the construction or improvement
19    of such facilities is necessary  to  alleviate  an  emergency
20    condition in such municipality;
21        (14)  Bonds   issued  by  any  municipality  pursuant  to
22    Section 11-113.1-1;
23        (15)  Bonds  issued  under  Sections  11-74.6-1   through
24    11-74.6-45, the Industrial Jobs Recovery Law of this Code.
25    (Source: P.A. 90-706, eff. 8-7-98.)
26        Section  25.  The  Public Library District Act of 1991 is
27    amended by changing Section 40-15 as follows:
28        (75 ILCS 16/40-15)
29        Sec. 40-15. Voter approval of bonds.
30        (a)  Bonds shall not  be  issued,  nor  the  special  tax
31    imposed,  until  the  proposition to issue the bonds has been
32    submitted to and approved by a majority of the voters of  the
                            -13-           LRB9001780MWgcam04
 1    district  voting  upon  the proposition at a regular election
 2    provided that notice of the bond referendum, if heretofore or
 3    hereafter held, has been or shall be given in accordance with
 4    the provisions of Section 12-5 of the Election Code, at least
 5    10 and not more than 45 days before the date of the election,
 6    notwithstanding the time for publication otherwise imposed by
 7    Section 12-5. The board  shall  by  ordinance  designate  the
 8    election  at which the proposition is to be submitted and the
 9    amount of the  bonds  and  their  purpose.  The  board  shall
10    certify the proposition to the proper election authority, who
11    shall  submit the proposition in accordance with the Election
12    Code, subject to the notice  provisions  set  forth  in  this
13    Section.
14        (b)  The   proposition   to   issue  bonds  shall  be  in
15    substantially the following form:
16             Shall  the  bonds  of  (name   of   public   library
17        district),   (location),   Illinois,  in  the  amount  of
18        $(amount) be issued for the purpose of (state one or more
19        purposes authorized in Section 40-5)?
20        (c)  When so authorized, the bonds shall be issued in the
21    name of the district, signed by the president and  secretary,
22    and  countersigned  by  the  treasurer,  with the seal of the
23    district affixed.
24    (Source: P.A. 87-1277.)
25        Section 30.  The  School  Code  is  amended  by  changing
26    Section 19-3 as follows:
27        (105 ILCS 5/19-3) (from Ch. 122, par. 19-3)
28        Sec.  19-3.  Boards  of  education.  Any  school district
29    governed by a board of education and having a  population  of
30    not  more  than  500,000  inhabitants,  and not governed by a
31    special Act may borrow money for  the  purpose  of  building,
32    equipping,   altering   or   repairing  school  buildings  or
                            -14-           LRB9001780MWgcam04
 1    purchasing  or  improving  school  sites,  or  acquiring  and
 2    equipping playgrounds, recreation grounds,  athletic  fields,
 3    and  other  buildings  or  land  used  or  useful  for school
 4    purposes or for the purpose of purchasing  a  site,  with  or
 5    without  a building or buildings thereon, or for the building
 6    of a house or houses on such site, or for the building  of  a
 7    house  or  houses  on the school site of the school district,
 8    for residential purposes of the superintendent, principal, or
 9    teachers of the school district,  and  issue  its  negotiable
10    coupon  bonds  therefor signed by the president and secretary
11    of the board, in denominations of not less than $100 nor more
12    than $5,000, payable at such place and at such time or times,
13    not exceeding 20 years from date of issuance, as the board of
14    education may  prescribe, and bearing interest at a rate  not
15    to   exceed   the   maximum   rate  authorized  by  the  Bond
16    Authorization Act, as amended at the time of  the  making  of
17    the  contract,  payable  annually, semiannually or quarterly,
18    but no such bonds shall be issued unless the  proposition  to
19    issue  them  is  submitted to the voters of the district at a
20    referendum held at a regularly scheduled election  after  the
21    board  has  certified  the proposition to the proper election
22    authorities in accordance with the general  election  law,  a
23    majority of all the votes cast on the proposition is in favor
24    of  the  proposition,  and notice of such bond referendum (if
25    heretofore or hereafter held at  any  general  election)  has
26    been given either (i) in accordance with the second paragraph
27    of  Section  12-1  of  the  Election Code irrespective of any
28    other requirements of the Election Code and  irrespective  of
29    whether  such  notice  included  any  reference to the public
30    question as it  appeared  on  the  ballot,  or  (ii)  for  an
31    election  held  on  or  after November 1, 1998, in accordance
32    with  Section  12-5  of  the  Election  Code,  or  (iii)   by
33    publication  of  and  a true and legible copy of the specimen
34    ballot label containing the  proposition  (if  heretofore  or
                            -15-           LRB9001780MWgcam04
 1    hereafter  submitted  to  the  voters  of the district at any
 2    general election) in the form in which it  appeared  or  will
 3    appear  on  the  official  ballot  label  on  the  day of the
 4    election has been published  at least 5 days before  the  day
 5    of  the  election  in at least one newspaper published in and
 6    having a general circulation in  each  county  in  which  the
 7    district  is  located, irrespective of any other requirements
 8    of Article 12 or Section 24A-18 of  the  Election  Code,  nor
 9    shall   any   residential   site   be  acquired  unless  such
10    proposition to acquire a site is submitted to the  voters  of
11    the  district  at  a referendum held at a regularly scheduled
12    election after the board has certified the proposition to the
13    proper election authorities in accordance  with  the  general
14    election  law  and  a  majority  of all the votes cast on the
15    proposition is in favor of the proposition. Nothing  in  this
16    Act  or in any other law shall be construed as to require the
17    notice of the bond referendum to be published over  the  name
18    or title of the election authority or the listing of maturity
19    dates  of  any bonds either in the notice of bond election or
20    ballot used in the bond election.  Such  proposition  may  be
21    initiated by resolution of the school board.
22        With  respect  to  instruments  for  the payment of money
23    issued under this Section either before,  on,  or  after  the
24    effective  date  of  this  amendatory  Act of 1989, it is and
25    always has been the intention of  the  General  Assembly  (i)
26    that   the  Omnibus  Bond  Acts  are  and  always  have  been
27    supplementary  grants  of  power  to  issue  instruments   in
28    accordance  with  the  Omnibus  Bond  Acts, regardless of any
29    provision of this Act that may appear to be or to  have  been
30    more restrictive than those Acts, (ii) that the provisions of
31    this  Section  are  not  a  limitation  on  the supplementary
32    authority granted by the Omnibus Bond Acts,  and  (iii)  that
33    instruments    issued   under   this   Section   within   the
34    supplementary authority granted by the Omnibus Bond Acts  are
                            -16-           LRB9001780MWgcam04
 1    not  invalid  because  of  any provision of this Act that may
 2    appear to be or to have  been  more  restrictive  than  those
 3    Acts.
 4        The  proceeds of any bonds issued under authority of this
 5    Section shall  be  deposited  and  accounted  for  separately
 6    within the Site and Construction/Capital Improvements Fund.
 7    (Source: P.A. 89-698, eff. 1-14-97.)
 8        Section  99.  Effective date.  This Act takes effect upon
 9    becoming law.".

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