Public Act 90-0510 of the 90th General Assembly
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
thereon.
(Source: P.A. 87-501; 87-767; 88-107.)