State of Illinois
92nd General Assembly
Legislation

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92_SB0022ham001

 










                                           LRB9201505NTsbam06

 1                     AMENDMENT TO SENATE BILL 22

 2        AMENDMENT NO.     .  Amend Senate Bill 22 on page 1, line
 3    5, after "adding", by inserting "Sections 18-190.5 and"; and

 4    on page 4, line 28, by replacing "and (1)"  with  "and  (1)";
 5    and

 6    on page 4, line 31, after "projects", by inserting "; and (m)
 7    made  pursuant to Section 34-53.5 of the School Code, whether
 8    levied annually or not"; and

 9    on page 11, immediately  below  line  11,  by  inserting  the
10    following:

11        "(35 ILCS 200/18-190.5 new)
12        Sec.  18-190.5.  School  districts.   The requirements of
13    Section 18-190 of this Code for a direct  referendum  on  the
14    imposition of a new or increased tax rate do not apply to tax
15    levies  that  are  not  included  in  the aggregate extension
16    pursuant to clause (m) of Section 18-185 of this Code."; and

17    on page 12, line 3, after "19-1", by  inserting  "and  adding
18    Section 34-53.5"; and

19    on  page  18,  line  32, by replacing "registered voter" with
20    "person"; and
 
                            -2-            LRB9201505NTsbam06
 1    on page 22, line 23, after "Code",  by  inserting  ",  except
 2    that  the  backdoor  referendum  shall  be  required  if  the
 3    petition  for the backdoor referendum is signed by 5% or more
 4    of the registered voters of the district"; and

 5    on page 25, line 2, by replacing "20%" with "5%"; and

 6    on page 41, immediately  below  line  15,  by  inserting  the
 7    following:

 8        "(105 ILCS 5/34-53.5 new)
 9        Sec.  34-53.5.  Capital  improvement  tax  levy; purpose;
10    maximum amount.
11        (a)  For the purpose of providing a  reliable  source  of
12    revenue  for  capital improvement purposes, including without
13    limitation (i) the construction and equipping of a new school
14    building or buildings or  an  addition  or  additions  to  an
15    existing  school  building or buildings, (ii) the purchase of
16    school grounds  on  which  any  new  school  building  or  an
17    addition  to an existing school building is to be constructed
18    or located, (iii) both items (i) and (ii) of this  subsection
19    (a), or (iv) the rehabilitation, renovation, and equipping of
20    an existing school building or buildings, the board may levy,
21    upon all taxable property of the school district, in calendar
22    year  2001,  a  capital  improvement  tax  to  produce,  when
23    extended,  an  amount  not  to exceed the product attained by
24    multiplying (1) the  percentage  increase,  if  any,  in  the
25    Consumer  Price  Index  for All Urban Consumers for all items
26    published by the United States Department of Labor for the 12
27    months ending 2 months prior to the month in which  the  levy
28    is   adopted  by  (2)  $142,500,000.   For  example,  if  the
29    percentage increase in the Consumer Price Index is 2.5%, then
30    the computation would be $142,500,000 x 0.025 = $3,562,500.
31        (b)  In each calendar year from 2002  through  2030,  the
32    board  may  levy  a  capital improvement tax to produce, when
 
                            -3-            LRB9201505NTsbam06
 1    extended, an amount not to exceed the sum of (1) the  maximum
 2    amount  that  could  have  been  levied  by  the board in the
 3    preceding calendar year pursuant to this Section and (2)  the
 4    product  obtained  by  multiplying  (A)  the  sum  of (i) the
 5    maximum amount that could have been levied by  the  board  in
 6    the preceding calendar year pursuant to this Section and (ii)
 7    $142,500,000  by  (B) the percentage increase, if any, in the
 8    Consumer Price Index for All Urban Consumers  for  all  items
 9    published by the United States Department of Labor for the 12
10    months  ending  2 months prior to the month in which the levy
11    is adopted.
12        (c)  In calendar year 2031, the board may levy a  capital
13    improvement  tax  to produce, when extended, an amount not to
14    exceed the sum of (1) the maximum amount that could have been
15    levied by the board in calendar year 2030  pursuant  to  this
16    Section,  (2)  $142,500,000,  and (3) the product obtained by
17    multiplying (A) the sum of (i) the maximum amount that  could
18    have  been levied by the board in calendar year 2030 pursuant
19    to this Section and (ii) $142,500,000 by (B)  the  percentage
20    increase,  if  any, in the Consumer Price Index for All Urban
21    Consumers for  all  items  published  by  the  United  States
22    Department  of  Labor for the 12 months ending 2 months prior
23    to the month in which the levy is adopted.
24        (d)  In  calendar  year  2032  and  each  calendar   year
25    thereafter,  the  board may levy a capital improvement tax to
26    produce, when extended, an amount not to exceed  the  sum  of
27    (1)  the  maximum  amount  that could have been levied by the
28    board in the preceding calendar year pursuant to this Section
29    and (2) the product obtained by multiplying (A)  the  maximum
30    amount  that  could  have  been  levied  by  the board in the
31    preceding calendar year pursuant to this Section by  (B)  the
32    percentage  increase, if any, in the Consumer Price Index for
33    All Urban Consumers for all items  published  by  the  United
34    States  Department of Labor for the 12 months ending 2 months
 
                            -4-            LRB9201505NTsbam06
 1    prior to the month in which the levy is adopted.
 2        (e)  An initial tax levy made by  the  board  under  this
 3    Section  must  have the approval of the Chicago City Council,
 4    by resolution, before the levy may be extended.    The  board
 5    shall  communicate  its  adoption  of the initial tax levy by
 6    delivering a certified copy of the  levy  resolution  to  the
 7    Clerk of the City of Chicago.  The Chicago City Council shall
 8    have  60  days  after  receipt,  by  the Clerk of the City of
 9    Chicago, of the certified resolution to approve or disapprove
10    the levy.  The failure of the Chicago City  Council  to  take
11    action  to  approve or disapprove the initial tax levy within
12    the 60-day period shall be deemed approval of the initial tax
13    levy.  Upon the adoption of each subsequent levy by the board
14    under this Section, the board must notify  the  Chicago  City
15    Council that the board has adopted the levy.
16        (f)  The  board  may  issue bonds, in accordance with the
17    Local Government Debt Reform Act,  including  Section  15  of
18    that  Act,  against  any  revenues  to  be collected from the
19    capital improvement tax in any year or years and may  pledge,
20    pursuant  to  Section  13 of the Local Government Debt Reform
21    Act, those revenues as security for the payment of  any  such
22    bonds.".

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