Public Act 094-0628
SB2054 Enrolled LRB094 07330 AJO 42315 b

    AN ACT concerning local government.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 5. The Park District Code is amended by changing
Section 6-4 as follows:
    (70 ILCS 1205/6-4)  (from Ch. 105, par. 6-4)
    Sec. 6-4. The issue of bonds or notes by any park district
shall be authorized by ordinance, and a copy of that ordinance
properly certified by the secretary shall be filed in the
office of the clerk in each of the counties wherein such
district lies. Except as otherwise provided in this Section,
bonds and notes the aggregate outstanding unpaid principal
balance of which exceeds 0.575% of the total assessed valuation
of all taxable property in the district may not be issued by
any park district, until the proposition to issue the same has
been certified by the secretary to the proper election
officials who shall submit the proposition at an election in
accordance with the general election law. Notice of the
referendum shall be given and the referendum shall be conducted
in the manner provided by the general election law.
    Submission of any proposition of issuing bonds or notes
shall be authorized by resolution to be adopted by the board
which shall designate the election at which the proposition is
to be submitted and designate the amount of bonds and purpose
for which the bonds are to be issued.
    Any proposition to issue bonds shall be in substantially
the following form:
    Shall bonds or notes of the
..... Park District (name it) to     YES
the amount of..... Dollars
($.....) be issued for the        ---------------------------
purpose of.....?  (Here insert
any one or more of the               NO
purposes authorized in
Section 6-2 hereof)
This Section shall not be construed to require a referendum for
bonds issued under Section 9-2b nor for bonds to refund any
maturing bond issues as provided in the Park District Refunding
Bond Act, or to refund any judgment indebtedness including any
unpaid public benefits and amounts assessed against any park
district, whether due or not due under Division 2 of Article 9
of the Illinois Municipal Code, but bonds may be issued for
such purposes without referendum.
    Bonds heretofore or hereafter issued and outstanding that
are approved by referendum, refunding bonds issued under the
Park District Refunding Bond Act (70 ILCS 1270/) that refund or
continue to refund bonds approved by referendum, bonds issued
under this Section that have been paid in full or for which
provisions for payment have been made by an irrevocable deposit
of funds in an amount sufficient to pay the principal and
interest on those bonds to their respective maturity date,
non-referendum bonds issued under any other provision of this
Act, and bonded indebtedness assumed from another park district
do not limit in any way the right of a park district to issue
non-referendum bonds in accordance with this Section.
    This Section shall not be construed to permit issuance of
bonds for the purpose of refunding revenue bonds as provided in
Section 6-2 until the proposition to issue the same has been
submitted as herein provided at an election in accordance with
the general election law.
(Source: P.A. 91-293, eff. 7-29-99.)

Effective Date: 1/1/2006