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92_SB1682
LRB9212590ACsb
1 AN ACT concerning water reclamation districts.
2 Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
4 Section 5. The Metropolitan Water Reclamation District
5 Act is amended by changing Section 9.6a as follows:
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
23 3.35% of the equalized assessed valuation of all taxable
24 property within the sanitary district, to be ascertained by
25 the last assessment for State and local taxes previous to the
26 issuance of any such obligations. Such obligations shall be
27 issued without submitting the question of such issuance to
28 the legal voters of such sanitary district for approval.
29 The corporate authorities may sell such obligations at
30 private or public sale and enter into any contract or
31 agreement necessary, appropriate or incidental to the
-2- LRB9212590ACsb
1 exercise of the powers granted by this Act, including,
2 without limitation, contracts or agreements for the sale and
3 purchase of such obligations and the payment of costs and
4 expenses incident thereto. The corporate authorities may pay
5 such costs and expenses, in whole or in part, from the
6 corporate fund.
7 Such obligations shall be issued from time to time only
8 in amounts as may be required for such purposes but the
9 amount of such obligations issued during any one budget year
10 shall not exceed $100,000,000 plus the amount of any
11 obligations authorized by this Act to be issued during the 3
12 budget years next preceding the year of issuance but which
13 were not issued, provided, however, that this limitation
14 shall not be applicable to the issuance of obligations to
15 refund bonds, notes or other evidences of indebtedness, nor
16 to obligations issued to provide for the repayment of money
17 received from the Water Pollution Control Revolving Fund for
18 the construction or repair of wastewater treatment works.
19 Each ordinance authorizing the issuance of the obligations
20 shall state the general purpose or purposes for which they
21 are to be issued, and the corporate authorities may at any
22 time thereafter pass supplemental appropriations ordinances
23 appropriating the proceeds from the sale of such obligations
24 for such purposes.
25 The corporate authorities may issue bonds, notes or other
26 evidences of indebtedness in an amount necessary to provide
27 funds to refund outstanding obligations issued pursuant to
28 this Section, including interest accrued or to accrue
29 thereon.
30 (Source: P.A. 90-510, eff. 1-1-98.)