House Sponsors: SAVIANO-CAPPARELLI. Short description: BONDS-PUBLIC BUILDING COMMISSN Synopsis of Bill as introduced: Amends the Local Government Debt Reform Act. Provides that, as a revenue source for alternate bonds, any unit of local government having a public building commission lease rental base is authorized to levy a public building commission lease rental base alternate tax levy. Provides that alternate bonds supported by the levy may be issued for any lawful corporate purpose of the unit of local government. Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that, for taxing districts to which the law applied before the 1995 levy year, "aggregate extension" excludes certain special purpose extensions related to the public building commission lease rental base. Amends the Public Building Commission Act. Provides that the governing body of a municipal corporation having taxing power that enters into a lease with a public building commission shall, if applicable, provide for the levy and collection of a direct annual tax in the amount of the public building commission lease rental base levied for the lease. Makes other changes. Effective immediately. HOUSE AMENDMENT NO. 1. Inserts "rental base" after "public building commission lease" in order to use the term "public building commission lease rental base" consistently throughout the amendatory provisions. HOUSE AMENDMENT NO. 2. Replaces the term "unit of local government" with "governmental unit". HOUSE AMENDMENT NO. 3. Adds reference to: 50 ILCS 20/14 from Ch. 85, par. 1044 55 ILCS 5/5-1062.1 from Ch. 34, par. 5-1062.1 70 ILCS 2605/7h new 70 ILCS 2605/12 from Ch. 42, par. 332 Further amends the Public Building Commission Act and the Property Tax Extension Limitation Law of the Property Tax Code. Provides that a lease entered into by a public building commission and a community college district in a county with a population of not less than 300,000 and not more than 400,000 before October 1, 1991, may be amended to continue the annual payment of an amount that is not greater than the maximum annual payment under the lease on the effective date of this amendatory Act. Excludes tax levies made for the purpose of making payments under the amended lease from the property tax extension limitation. Amends the Counties Code and the Metropolitan Water Reclamation District Act. Provides for the adoption and implementation of a Cook County stormwater management plan by the Metropolitan Water Reclamation District. Authorizes the District to implement the plan throughout the County. Authorizes the District to impose fees on areas outside the District but within the County. Authorizes a special tax levy for stormwater management purposes and reduces the District's authorized tax levy for general corporate purposes by a corresponding amount. Amends the Property Tax Code to exclude the stormwater management tax from the tax caps imposed under the Property Tax Extension Limitation Law. HOME RULE NOTE, H-AM 3 (Department of Commerce and Community Affairs) HB 914 (H-am 3) contains language stating that a home rule unit located in whole or in part in Cook County may not regulate stormwater management or planning in Cook County in a manner inconsistent with the legislation, or plans, rules, and ordi- nances adopted by the Metropolitan Water Reclamation District of Greater Chicago. Therefore, in the opinion of DCCA, this legislation pre-empts home rule authority. HOUSE AMENDMENT NO. 4. Excludes the City of Chicago from the home rule pre-emption relating to Cook County stormwater management. HOUSE AMENDMENT NO. 5. Further amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that "debt service extension base" means, for park districts (i) that were first subject to this Law in 1991 or 1995 and (ii) whose extension for the 1994 levy year for the payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds) was less than 51% of the amount for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds), an amount equal to that portion of the extension for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds). Provides that "excluded non-referendum bonds" means (i) bonds authorized for certain aquarium and museum projects, (ii) double-barrelled bonds, and (iii) refunding obligations issued to refund or to continue to refund obligations initially issued pursuant to referendum. Some provisions are effective immediately, other provisions have a uniform effective date. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 5 SENATE - 0 END OF INQUIRY Full Text Bill Status