Public Act 90-0510 of the 90th General Assembly

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Public Act 90-0510

HB1375 Enrolled                                LRB9001773MWpc

    AN  ACT  to  amend  the  Metropolitan  Water  Reclamation
District Act by changing Section 9.6a.

    Be it enacted by the People of  the  State  of  Illinois,
represented in the General Assembly:

    Section  5.   The Metropolitan Water Reclamation District
Act is amended by changing Section 9.6a as follows:

    (70 ILCS 2605/9.6a) (from Ch. 42, par. 328.6a)
    Sec. 9.6a.   The  corporate  authorities  of  a  sanitary
district,   in  order  to  provide  funds  required  for  the
replacing, remodeling, completing, altering, constructing and
enlarging  of  sewage  treatment  works  or   flood   control
facilities,   and   additions   therefor,  pumping  stations,
tunnels, conduits, intercepting  sewers  and  outlet  sewers,
together   with   the   equipment,  including  air  pollution
equipment, and appurtenances thereto,  to  acquire  property,
real,  personal  or  mixed,  necessary for said purposes, for
costs and expenses for  the  acquisition  of  the  sites  and
rights-of-way necessary thereto, and for engineering expenses
for designing and supervising the construction of such works,
may issue on or before December 31, 2006 2001, in addition to
all other obligations heretofore or herein authorized, bonds,
notes or other evidences of indebtedness for such purposes in
an aggregate amount at any one time outstanding not to exceed
3.35%  of  the  equalized  assessed  valuation of all taxable
property within the sanitary district, to be  ascertained  by
the last assessment for State and local taxes previous to the
issuance  of  any such obligations. Such obligations shall be
issued without submitting the question of  such  issuance  to
the legal voters of such sanitary district for approval.
    The  corporate  authorities  may sell such obligations at
private or  public  sale  and  enter  into  any  contract  or
agreement   necessary,   appropriate  or  incidental  to  the
exercise of  the  powers  granted  by  this  Act,  including,
without  limitation, contracts or agreements for the sale and
purchase of such obligations and the  payment  of  costs  and
expenses incident thereto.  The corporate authorities may pay
such  costs  and  expenses,  in  whole  or  in part, from the
corporate fund.
    Such obligations shall be issued from time to  time  only
in  amounts  as  may  be  required  for such purposes but the
amount of such obligations issued during any one budget  year
shall   not  exceed  $100,000,000  plus  the  amount  of  any
obligations authorized by this Act to be issued during the  3
budget  years  next  preceding the year of issuance but which
were not issued,  provided,  however,  that  this  limitation
shall  not  be  applicable  to the issuance of obligations to
refund bonds, notes or other evidences of  indebtedness,  nor
to  obligations  issued to provide for the repayment of money
received from the Water Pollution Control Revolving Fund  for
the  construction  or  repair  of wastewater treatment works.
Each ordinance authorizing the issuance  of  the  obligations
shall  state  the  general purpose or purposes for which they
are to be issued, and the corporate authorities  may  at  any
time  thereafter  pass supplemental appropriations ordinances
appropriating the proceeds from the sale of such  obligations
for such purposes.
    The corporate authorities may issue bonds, notes or other
evidences  of  indebtedness in an amount necessary to provide
funds to refund outstanding obligations  issued  pursuant  to
this   Section,  including  interest  accrued  or  to  accrue
(Source: P.A. 87-501; 87-767; 88-107.)

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