House Sponsors: STROGER. Short description: SPECIAL ASSMNT SUPP BOND ACT Synopsis of Bill as introduced: Creates the Special Assessment Supplemental Bond and Procedure Act to provide supplemental authority regarding the procedures for the making and payment of local improvements by special assessment and the issuance and sale of obligations payable from the special assessments. Provides that a governing body that elects to become subject to this Act, by referring to this Act in the special assessment ordinance, may provide for certain additional amounts in the special assessment for the acquisition and construction of local improvements. Provides that a governmental unit may, by a supplemental ordinance, choose to use only the provisions of the Act concerning the Supplemental Act Assessment Bonds. Provides for the issuance of Supplemental Act Assessment Bonds in an amount not to exceed the amount of the assessments confirmed in a special assessment proceeding less the principal amount of any assessment previously paid and less the principal amount of any vouchers that may have been previously issued. Amends the Statute on Statutes to include the Special Assessment Supplemental Bond and Procedure Act in the list of Omnibus Bond Acts. Amends the Illinois Municipal Code to provide that multiple local improvements may be combined under one special assessment project provided that the assessing commissioner considers whether each piece of property is benefitted by all or only some of the improvements. Provides that combining improvements under one special assessment project shall not be a ground for objection to the special assessment proceeding. Effective immediately. STATE DEBT IMPACT NOTE The bill would not impact the level of State debt. STATE MANDATES FISCAL NOTE HB 1409 fails to create a State mandate. HOME RULE NOTE HB 1409 does not preempt home rule authority. FISCAL NOTE (DCCA) HB 1409 does not have a fiscal impact on units of local gov't. HOUSING AFFORDABILITY NOTE No direct impact on the cost of a single-family residence. Last action on Bill: THIRD READING/STANDARD DEBATE/LOST 024-082-007 Last action date: 97-04-18 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status