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92_SB1571ham001
LRB9212592EGfgam02
1 AMENDMENT TO SENATE BILL 1571
2 AMENDMENT NO. . Amend Senate Bill 1571 on page 1, in
3 line 5, by changing "4.7 and 4.11" to "4.7, 4.11, and 9.6a";
4 and
5 on page 5, below line 2, by inserting the following:
6 "(70 ILCS 2605/9.6a) (from Ch. 42, par. 328.6a)
7 Sec. 9.6a. The corporate authorities of a sanitary
8 district, in order to provide funds required for the
9 replacing, remodeling, completing, altering, constructing and
10 enlarging of sewage treatment works or flood control
11 facilities, and additions therefor, pumping stations,
12 tunnels, conduits, intercepting sewers and outlet sewers,
13 together with the equipment, including air pollution
14 equipment, and appurtenances thereto, to acquire property,
15 real, personal or mixed, necessary for said purposes, for
16 costs and expenses for the acquisition of the sites and
17 rights-of-way necessary thereto, and for engineering expenses
18 for designing and supervising the construction of such works,
19 may issue on or before December 31, 2016 2006, in addition to
20 all other obligations heretofore or herein authorized, bonds,
21 notes or other evidences of indebtedness for such purposes in
22 an aggregate amount at any one time outstanding not to exceed
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1 3.35% of the equalized assessed valuation of all taxable
2 property within the sanitary district, to be ascertained by
3 the last assessment for State and local taxes previous to the
4 issuance of any such obligations. Such obligations shall be
5 issued without submitting the question of such issuance to
6 the legal voters of such sanitary district for approval.
7 The corporate authorities may sell such obligations at
8 private or public sale and enter into any contract or
9 agreement necessary, appropriate or incidental to the
10 exercise of the powers granted by this Act, including,
11 without limitation, contracts or agreements for the sale and
12 purchase of such obligations and the payment of costs and
13 expenses incident thereto. The corporate authorities may pay
14 such costs and expenses, in whole or in part, from the
15 corporate fund.
16 Such obligations shall be issued from time to time only
17 in amounts as may be required for such purposes but the
18 amount of such obligations issued during any one budget year
19 shall not exceed $100,000,000 plus the amount of any
20 obligations authorized by this Act to be issued during the 3
21 budget years next preceding the year of issuance but which
22 were not issued, provided, however, that this limitation
23 shall not be applicable to the issuance of obligations to
24 refund bonds, notes or other evidences of indebtedness, nor
25 to obligations issued to provide for the repayment of money
26 received from the Water Pollution Control Revolving Fund for
27 the construction or repair of wastewater treatment works.
28 Each ordinance authorizing the issuance of the obligations
29 shall state the general purpose or purposes for which they
30 are to be issued, and the corporate authorities may at any
31 time thereafter pass supplemental appropriations ordinances
32 appropriating the proceeds from the sale of such obligations
33 for such purposes.
34 The corporate authorities may issue bonds, notes or other
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1 evidences of indebtedness in an amount necessary to provide
2 funds to refund outstanding obligations issued pursuant to
3 this Section, including interest accrued or to accrue
4 thereon.
5 (Source: P.A. 90-510, eff. 1-1-98.)".