97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB4002

 

Introduced 1/18/2012, by Rep. Lisa M. Dugan

 

SYNOPSIS AS INTRODUCED:
 
35 ILCS 200/18-185
105 ILCS 5/17-2.4a new

    Amends the School Code. Provides that the school board of any district with a population of less than 500,000 that participates in a joint agreement for an area vocational education center may levy an annual property tax not to exceed 0.04%. Provides that the rate may be increased upon referendum approval to 0.08% in each eligible district. Provides that the authority to levy the tax expires 4 years after the effective date of the amendatory Act. Contains provisions concerning notice and public hearings. Amends the Property Tax Extension Limitation Law in the Property Tax Code to exempt those extensions from the definition of "aggregate extension". Effective immediately.


LRB097 16763 HLH 61942 b

FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB4002LRB097 16763 HLH 61942 b

1    AN ACT concerning revenue.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Property Tax Code is amended by changing
5Section 18-185 as follows:
 
6    (35 ILCS 200/18-185)
7    Sec. 18-185. Short title; definitions. This Division 5 may
8be cited as the Property Tax Extension Limitation Law. As used
9in this Division 5:
10    "Consumer Price Index" means the Consumer Price Index for
11All Urban Consumers for all items published by the United
12States Department of Labor.
13    "Extension limitation" means (a) the lesser of 5% or the
14percentage increase in the Consumer Price Index during the
1512-month calendar year preceding the levy year or (b) the rate
16of increase approved by voters under Section 18-205.
17    "Affected county" means a county of 3,000,000 or more
18inhabitants or a county contiguous to a county of 3,000,000 or
19more inhabitants.
20    "Taxing district" has the same meaning provided in Section
211-150, except as otherwise provided in this Section. For the
221991 through 1994 levy years only, "taxing district" includes
23only each non-home rule taxing district having the majority of

 

 

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1its 1990 equalized assessed value within any county or counties
2contiguous to a county with 3,000,000 or more inhabitants.
3Beginning with the 1995 levy year, "taxing district" includes
4only each non-home rule taxing district subject to this Law
5before the 1995 levy year and each non-home rule taxing
6district not subject to this Law before the 1995 levy year
7having the majority of its 1994 equalized assessed value in an
8affected county or counties. Beginning with the levy year in
9which this Law becomes applicable to a taxing district as
10provided in Section 18-213, "taxing district" also includes
11those taxing districts made subject to this Law as provided in
12Section 18-213.
13    "Aggregate extension" for taxing districts to which this
14Law applied before the 1995 levy year means the annual
15corporate extension for the taxing district and those special
16purpose extensions that are made annually for the taxing
17district, excluding special purpose extensions: (a) made for
18the taxing district to pay interest or principal on general
19obligation bonds that were approved by referendum; (b) made for
20any taxing district to pay interest or principal on general
21obligation bonds issued before October 1, 1991; (c) made for
22any taxing district to pay interest or principal on bonds
23issued to refund or continue to refund those bonds issued
24before October 1, 1991; (d) made for any taxing district to pay
25interest or principal on bonds issued to refund or continue to
26refund bonds issued after October 1, 1991 that were approved by

 

 

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1referendum; (e) made for any taxing district to pay interest or
2principal on revenue bonds issued before October 1, 1991 for
3payment of which a property tax levy or the full faith and
4credit of the unit of local government is pledged; however, a
5tax for the payment of interest or principal on those bonds
6shall be made only after the governing body of the unit of
7local government finds that all other sources for payment are
8insufficient to make those payments; (f) made for payments
9under a building commission lease when the lease payments are
10for the retirement of bonds issued by the commission before
11October 1, 1991, to pay for the building project; (g) made for
12payments due under installment contracts entered into before
13October 1, 1991; (h) made for payments of principal and
14interest on bonds issued under the Metropolitan Water
15Reclamation District Act to finance construction projects
16initiated before October 1, 1991; (i) made for payments of
17principal and interest on limited bonds, as defined in Section
183 of the Local Government Debt Reform Act, in an amount not to
19exceed the debt service extension base less the amount in items
20(b), (c), (e), and (h) of this definition for non-referendum
21obligations, except obligations initially issued pursuant to
22referendum; (j) made for payments of principal and interest on
23bonds issued under Section 15 of the Local Government Debt
24Reform Act; (k) made by a school district that participates in
25the Special Education District of Lake County, created by
26special education joint agreement under Section 10-22.31 of the

 

 

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1School Code, for payment of the school district's share of the
2amounts required to be contributed by the Special Education
3District of Lake County to the Illinois Municipal Retirement
4Fund under Article 7 of the Illinois Pension Code; the amount
5of any extension under this item (k) shall be certified by the
6school district to the county clerk; (l) made to fund expenses
7of providing joint recreational programs for the handicapped
8under Section 5-8 of the Park District Code or Section 11-95-14
9of the Illinois Municipal Code; (m) made for temporary
10relocation loan repayment purposes pursuant to Sections 2-3.77
11and 17-2.2d of the School Code; (n) made for payment of
12principal and interest on any bonds issued under the authority
13of Section 17-2.2d of the School Code; (o) made for
14contributions to a firefighter's pension fund created under
15Article 4 of the Illinois Pension Code, to the extent of the
16amount certified under item (5) of Section 4-134 of the
17Illinois Pension Code; and (p) made for road purposes in the
18first year after a township assumes the rights, powers, duties,
19assets, property, liabilities, obligations, and
20responsibilities of a road district abolished under the
21provisions of Section 6-133 of the Illinois Highway Code; and
22(q) made by a school district pursuant to the provisions of
23Section 17-2.4a of the School Code.
24    "Aggregate extension" for the taxing districts to which
25this Law did not apply before the 1995 levy year (except taxing
26districts subject to this Law in accordance with Section

 

 

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118-213) means the annual corporate extension for the taxing
2district and those special purpose extensions that are made
3annually for the taxing district, excluding special purpose
4extensions: (a) made for the taxing district to pay interest or
5principal on general obligation bonds that were approved by
6referendum; (b) made for any taxing district to pay interest or
7principal on general obligation bonds issued before March 1,
81995; (c) made for any taxing district to pay interest or
9principal on bonds issued to refund or continue to refund those
10bonds issued before March 1, 1995; (d) made for any taxing
11district to pay interest or principal on bonds issued to refund
12or continue to refund bonds issued after March 1, 1995 that
13were approved by referendum; (e) made for any taxing district
14to pay interest or principal on revenue bonds issued before
15March 1, 1995 for payment of which a property tax levy or the
16full faith and credit of the unit of local government is
17pledged; however, a tax for the payment of interest or
18principal on those bonds shall be made only after the governing
19body of the unit of local government finds that all other
20sources for payment are insufficient to make those payments;
21(f) made for payments under a building commission lease when
22the lease payments are for the retirement of bonds issued by
23the commission before March 1, 1995 to pay for the building
24project; (g) made for payments due under installment contracts
25entered into before March 1, 1995; (h) made for payments of
26principal and interest on bonds issued under the Metropolitan

 

 

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1Water Reclamation District Act to finance construction
2projects initiated before October 1, 1991; (h-4) made for
3stormwater management purposes by the Metropolitan Water
4Reclamation District of Greater Chicago under Section 12 of the
5Metropolitan Water Reclamation District Act; (i) made for
6payments of principal and interest on limited bonds, as defined
7in Section 3 of the Local Government Debt Reform Act, in an
8amount not to exceed the debt service extension base less the
9amount in items (b), (c), and (e) of this definition for
10non-referendum obligations, except obligations initially
11issued pursuant to referendum and bonds described in subsection
12(h) of this definition; (j) made for payments of principal and
13interest on bonds issued under Section 15 of the Local
14Government Debt Reform Act; (k) made for payments of principal
15and interest on bonds authorized by Public Act 88-503 and
16issued under Section 20a of the Chicago Park District Act for
17aquarium or museum projects; (l) made for payments of principal
18and interest on bonds authorized by Public Act 87-1191 or
1993-601 and (i) issued pursuant to Section 21.2 of the Cook
20County Forest Preserve District Act, (ii) issued under Section
2142 of the Cook County Forest Preserve District Act for
22zoological park projects, or (iii) issued under Section 44.1 of
23the Cook County Forest Preserve District Act for botanical
24gardens projects; (m) made pursuant to Section 34-53.5 of the
25School Code, whether levied annually or not; (n) made to fund
26expenses of providing joint recreational programs for the

 

 

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1handicapped under Section 5-8 of the Park District Code or
2Section 11-95-14 of the Illinois Municipal Code; (o) made by
3the Chicago Park District for recreational programs for the
4handicapped under subsection (c) of Section 7.06 of the Chicago
5Park District Act; (p) made for contributions to a
6firefighter's pension fund created under Article 4 of the
7Illinois Pension Code, to the extent of the amount certified
8under item (5) of Section 4-134 of the Illinois Pension Code;
9and (q) made by Ford Heights School District 169 under Section
1017-9.02 of the School Code; and (r) made by a school district
11pursuant to the provisions of Section 17-2.4a of the School
12Code.
13    "Aggregate extension" for all taxing districts to which
14this Law applies in accordance with Section 18-213, except for
15those taxing districts subject to paragraph (2) of subsection
16(e) of Section 18-213, means the annual corporate extension for
17the taxing district and those special purpose extensions that
18are made annually for the taxing district, excluding special
19purpose extensions: (a) made for the taxing district to pay
20interest or principal on general obligation bonds that were
21approved by referendum; (b) made for any taxing district to pay
22interest or principal on general obligation bonds issued before
23the date on which the referendum making this Law applicable to
24the taxing district is held; (c) made for any taxing district
25to pay interest or principal on bonds issued to refund or
26continue to refund those bonds issued before the date on which

 

 

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1the referendum making this Law applicable to the taxing
2district is held; (d) made for any taxing district to pay
3interest or principal on bonds issued to refund or continue to
4refund bonds issued after the date on which the referendum
5making this Law applicable to the taxing district is held if
6the bonds were approved by referendum after the date on which
7the referendum making this Law applicable to the taxing
8district is held; (e) made for any taxing district to pay
9interest or principal on revenue bonds issued before the date
10on which the referendum making this Law applicable to the
11taxing district is held for payment of which a property tax
12levy or the full faith and credit of the unit of local
13government is pledged; however, a tax for the payment of
14interest or principal on those bonds shall be made only after
15the governing body of the unit of local government finds that
16all other sources for payment are insufficient to make those
17payments; (f) made for payments under a building commission
18lease when the lease payments are for the retirement of bonds
19issued by the commission before the date on which the
20referendum making this Law applicable to the taxing district is
21held to pay for the building project; (g) made for payments due
22under installment contracts entered into before the date on
23which the referendum making this Law applicable to the taxing
24district is held; (h) made for payments of principal and
25interest on limited bonds, as defined in Section 3 of the Local
26Government Debt Reform Act, in an amount not to exceed the debt

 

 

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1service extension base less the amount in items (b), (c), and
2(e) of this definition for non-referendum obligations, except
3obligations initially issued pursuant to referendum; (i) made
4for payments of principal and interest on bonds issued under
5Section 15 of the Local Government Debt Reform Act; (j) made
6for a qualified airport authority to pay interest or principal
7on general obligation bonds issued for the purpose of paying
8obligations due under, or financing airport facilities
9required to be acquired, constructed, installed or equipped
10pursuant to, contracts entered into before March 1, 1996 (but
11not including any amendments to such a contract taking effect
12on or after that date); (k) made to fund expenses of providing
13joint recreational programs for the handicapped under Section
145-8 of the Park District Code or Section 11-95-14 of the
15Illinois Municipal Code; (l) made for contributions to a
16firefighter's pension fund created under Article 4 of the
17Illinois Pension Code, to the extent of the amount certified
18under item (5) of Section 4-134 of the Illinois Pension Code;
19and (m) made for the taxing district to pay interest or
20principal on general obligation bonds issued pursuant to
21Section 19-3.10 of the School Code; and (n) made by a school
22district pursuant to the provisions of Section 17-2.4a of the
23School Code.
24    "Aggregate extension" for all taxing districts to which
25this Law applies in accordance with paragraph (2) of subsection
26(e) of Section 18-213 means the annual corporate extension for

 

 

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1the taxing district and those special purpose extensions that
2are made annually for the taxing district, excluding special
3purpose extensions: (a) made for the taxing district to pay
4interest or principal on general obligation bonds that were
5approved by referendum; (b) made for any taxing district to pay
6interest or principal on general obligation bonds issued before
7the effective date of this amendatory Act of 1997; (c) made for
8any taxing district to pay interest or principal on bonds
9issued to refund or continue to refund those bonds issued
10before the effective date of this amendatory Act of 1997; (d)
11made for any taxing district to pay interest or principal on
12bonds issued to refund or continue to refund bonds issued after
13the effective date of this amendatory Act of 1997 if the bonds
14were approved by referendum after the effective date of this
15amendatory Act of 1997; (e) made for any taxing district to pay
16interest or principal on revenue bonds issued before the
17effective date of this amendatory Act of 1997 for payment of
18which a property tax levy or the full faith and credit of the
19unit of local government is pledged; however, a tax for the
20payment of interest or principal on those bonds shall be made
21only after the governing body of the unit of local government
22finds that all other sources for payment are insufficient to
23make those payments; (f) made for payments under a building
24commission lease when the lease payments are for the retirement
25of bonds issued by the commission before the effective date of
26this amendatory Act of 1997 to pay for the building project;

 

 

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1(g) made for payments due under installment contracts entered
2into before the effective date of this amendatory Act of 1997;
3(h) made for payments of principal and interest on limited
4bonds, as defined in Section 3 of the Local Government Debt
5Reform Act, in an amount not to exceed the debt service
6extension base less the amount in items (b), (c), and (e) of
7this definition for non-referendum obligations, except
8obligations initially issued pursuant to referendum; (i) made
9for payments of principal and interest on bonds issued under
10Section 15 of the Local Government Debt Reform Act; (j) made
11for a qualified airport authority to pay interest or principal
12on general obligation bonds issued for the purpose of paying
13obligations due under, or financing airport facilities
14required to be acquired, constructed, installed or equipped
15pursuant to, contracts entered into before March 1, 1996 (but
16not including any amendments to such a contract taking effect
17on or after that date); (k) made to fund expenses of providing
18joint recreational programs for the handicapped under Section
195-8 of the Park District Code or Section 11-95-14 of the
20Illinois Municipal Code; and (l) made for contributions to a
21firefighter's pension fund created under Article 4 of the
22Illinois Pension Code, to the extent of the amount certified
23under item (5) of Section 4-134 of the Illinois Pension Code;
24and (m) made by a school district pursuant to the provisions of
25Section 17-2.4a of the School Code.
26    "Debt service extension base" means an amount equal to that

 

 

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1portion of the extension for a taxing district for the 1994
2levy year, or for those taxing districts subject to this Law in
3accordance with Section 18-213, except for those subject to
4paragraph (2) of subsection (e) of Section 18-213, for the levy
5year in which the referendum making this Law applicable to the
6taxing district is held, or for those taxing districts subject
7to this Law in accordance with paragraph (2) of subsection (e)
8of Section 18-213 for the 1996 levy year, constituting an
9extension for payment of principal and interest on bonds issued
10by the taxing district without referendum, but not including
11excluded non-referendum bonds. For park districts (i) that were
12first subject to this Law in 1991 or 1995 and (ii) whose
13extension for the 1994 levy year for the payment of principal
14and interest on bonds issued by the park district without
15referendum (but not including excluded non-referendum bonds)
16was less than 51% of the amount for the 1991 levy year
17constituting an extension for payment of principal and interest
18on bonds issued by the park district without referendum (but
19not including excluded non-referendum bonds), "debt service
20extension base" means an amount equal to that portion of the
21extension for the 1991 levy year constituting an extension for
22payment of principal and interest on bonds issued by the park
23district without referendum (but not including excluded
24non-referendum bonds). A debt service extension base
25established or increased at any time pursuant to any provision
26of this Law, except Section 18-212, shall be increased each

 

 

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1year commencing with the later of (i) the 2009 levy year or
2(ii) the first levy year in which this Law becomes applicable
3to the taxing district, by the lesser of 5% or the percentage
4increase in the Consumer Price Index during the 12-month
5calendar year preceding the levy year. The debt service
6extension base may be established or increased as provided
7under Section 18-212. "Excluded non-referendum bonds" means
8(i) bonds authorized by Public Act 88-503 and issued under
9Section 20a of the Chicago Park District Act for aquarium and
10museum projects; (ii) bonds issued under Section 15 of the
11Local Government Debt Reform Act; or (iii) refunding
12obligations issued to refund or to continue to refund
13obligations initially issued pursuant to referendum.
14    "Special purpose extensions" include, but are not limited
15to, extensions for levies made on an annual basis for
16unemployment and workers' compensation, self-insurance,
17contributions to pension plans, and extensions made pursuant to
18Section 6-601 of the Illinois Highway Code for a road
19district's permanent road fund whether levied annually or not.
20The extension for a special service area is not included in the
21aggregate extension.
22    "Aggregate extension base" means the taxing district's
23last preceding aggregate extension as adjusted under Sections
2418-135, 18-215, and 18-230. An adjustment under Section 18-135
25shall be made for the 2007 levy year and all subsequent levy
26years whenever one or more counties within which a taxing

 

 

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1district is located (i) used estimated valuations or rates when
2extending taxes in the taxing district for the last preceding
3levy year that resulted in the over or under extension of
4taxes, or (ii) increased or decreased the tax extension for the
5last preceding levy year as required by Section 18-135(c).
6Whenever an adjustment is required under Section 18-135, the
7aggregate extension base of the taxing district shall be equal
8to the amount that the aggregate extension of the taxing
9district would have been for the last preceding levy year if
10either or both (i) actual, rather than estimated, valuations or
11rates had been used to calculate the extension of taxes for the
12last levy year, or (ii) the tax extension for the last
13preceding levy year had not been adjusted as required by
14subsection (c) of Section 18-135.
15    "Levy year" has the same meaning as "year" under Section
161-155.
17    "New property" means (i) the assessed value, after final
18board of review or board of appeals action, of new improvements
19or additions to existing improvements on any parcel of real
20property that increase the assessed value of that real property
21during the levy year multiplied by the equalization factor
22issued by the Department under Section 17-30, (ii) the assessed
23value, after final board of review or board of appeals action,
24of real property not exempt from real estate taxation, which
25real property was exempt from real estate taxation for any
26portion of the immediately preceding levy year, multiplied by

 

 

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1the equalization factor issued by the Department under Section
217-30, including the assessed value, upon final stabilization
3of occupancy after new construction is complete, of any real
4property located within the boundaries of an otherwise or
5previously exempt military reservation that is intended for
6residential use and owned by or leased to a private corporation
7or other entity, and (iii) in counties that classify in
8accordance with Section 4 of Article IX of the Illinois
9Constitution, an incentive property's additional assessed
10value resulting from a scheduled increase in the level of
11assessment as applied to the first year final board of review
12market value. In addition, the county clerk in a county
13containing a population of 3,000,000 or more shall include in
14the 1997 recovered tax increment value for any school district,
15any recovered tax increment value that was applicable to the
161995 tax year calculations.
17    "Qualified airport authority" means an airport authority
18organized under the Airport Authorities Act and located in a
19county bordering on the State of Wisconsin and having a
20population in excess of 200,000 and not greater than 500,000.
21    "Recovered tax increment value" means, except as otherwise
22provided in this paragraph, the amount of the current year's
23equalized assessed value, in the first year after a
24municipality terminates the designation of an area as a
25redevelopment project area previously established under the
26Tax Increment Allocation Development Act in the Illinois

 

 

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1Municipal Code, previously established under the Industrial
2Jobs Recovery Law in the Illinois Municipal Code, previously
3established under the Economic Development Project Area Tax
4Increment Act of 1995, or previously established under the
5Economic Development Area Tax Increment Allocation Act, of each
6taxable lot, block, tract, or parcel of real property in the
7redevelopment project area over and above the initial equalized
8assessed value of each property in the redevelopment project
9area. For the taxes which are extended for the 1997 levy year,
10the recovered tax increment value for a non-home rule taxing
11district that first became subject to this Law for the 1995
12levy year because a majority of its 1994 equalized assessed
13value was in an affected county or counties shall be increased
14if a municipality terminated the designation of an area in 1993
15as a redevelopment project area previously established under
16the Tax Increment Allocation Development Act in the Illinois
17Municipal Code, previously established under the Industrial
18Jobs Recovery Law in the Illinois Municipal Code, or previously
19established under the Economic Development Area Tax Increment
20Allocation Act, by an amount equal to the 1994 equalized
21assessed value of each taxable lot, block, tract, or parcel of
22real property in the redevelopment project area over and above
23the initial equalized assessed value of each property in the
24redevelopment project area. In the first year after a
25municipality removes a taxable lot, block, tract, or parcel of
26real property from a redevelopment project area established

 

 

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1under the Tax Increment Allocation Development Act in the
2Illinois Municipal Code, the Industrial Jobs Recovery Law in
3the Illinois Municipal Code, or the Economic Development Area
4Tax Increment Allocation Act, "recovered tax increment value"
5means the amount of the current year's equalized assessed value
6of each taxable lot, block, tract, or parcel of real property
7removed from the redevelopment project area over and above the
8initial equalized assessed value of that real property before
9removal from the redevelopment project area.
10    Except as otherwise provided in this Section, "limiting
11rate" means a fraction the numerator of which is the last
12preceding aggregate extension base times an amount equal to one
13plus the extension limitation defined in this Section and the
14denominator of which is the current year's equalized assessed
15value of all real property in the territory under the
16jurisdiction of the taxing district during the prior levy year.
17For those taxing districts that reduced their aggregate
18extension for the last preceding levy year, the highest
19aggregate extension in any of the last 3 preceding levy years
20shall be used for the purpose of computing the limiting rate.
21The denominator shall not include new property or the recovered
22tax increment value. If a new rate, a rate decrease, or a
23limiting rate increase has been approved at an election held
24after March 21, 2006, then (i) the otherwise applicable
25limiting rate shall be increased by the amount of the new rate
26or shall be reduced by the amount of the rate decrease, as the

 

 

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1case may be, or (ii) in the case of a limiting rate increase,
2the limiting rate shall be equal to the rate set forth in the
3proposition approved by the voters for each of the years
4specified in the proposition, after which the limiting rate of
5the taxing district shall be calculated as otherwise provided.
6(Source: P.A. 96-501, eff. 8-14-09; 96-517, eff. 8-14-09;
796-1000, eff. 7-2-10; 96-1202, eff. 7-22-10; 97-611, eff.
81-1-12.)
 
9    Section 10. The School Code is amended by adding Section
1017-2.4a as follows:
 
11    (105 ILCS 5/17-2.4a new)
12    Sec. 17-2.4a. Tax for area vocational education programs.
13    (a) The school board of any district participating in a
14joint agreement for an area vocational education center,
15pursuant to Section 10-22.20a of this Code or the
16Intergovernmental Cooperation Act, and having a population of
17less than 500,000 inhabitants may, by proper resolution, levy
18an annual tax upon the value of the taxable property within its
19territory, as equalized or assessed by the Department of
20Revenue, for area vocational education purposes, including but
21not limited to the purposes authorized by Section 10-22.20a, at
22a rate of up to 0.04% for a period of 4 tax years following the
23effective date of this amendatory Act of the 97th General
24Assembly.

 

 

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1    (b) Prior to the levy of taxes under this Section for the
2first time, the school board of each district desiring to make
3such a levy shall hold 2 public hearings regarding the proposed
4levy at the vocational education center. Notice of the public
5hearings shall be given by the school board by (i) posting the
6notice at the last regularly scheduled meeting of the school
7board to occur prior to the public hearing and (ii) publishing
8notice of the public hearing in conformity with the Notice by
9Publication Act. If there is no newspaper of general
10circulation published within the school district and the school
11district is located in more than one county, then notice shall
12be published in a newspaper of general circulation published in
13each county in which any part of the school district is
14located. The notice shall appear not more than 14 days nor less
15than 7 days prior to the date of the public hearing. The notice
16shall not be placed in the portion of the newspaper where legal
17notices and classified advertisements appear. The notice shall
18appear before each public hearing.
19    (c) The tax rate limit specified in subsection (a) of this
20Section may be increased to up to a maximum of 0.08% upon the
21approval of a proposition submitted at a regularly scheduled
22election. The proposition may be initiated by resolution and
23shall be certified by the secretary of the school board to the
24proper election authorities for submission in accordance with
25the general election law. If a majority of votes cast on the
26proposition is in favor thereof, then the school board may

 

 

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1annually levy the tax as authorized until such authority is
2revoked.
3    (d) Any revenue raised by the tax imposed under this
4Section, including interest earnings thereon, shall be used
5only for area vocational education center purposes, including
6but not limited to the purposes authorized by Section
710-22.20a, as well as the construction and maintenance of area
8vocational center facilities. The district shall distribute
9the funds for area vocational center education purposes to the
10area vocational center within 60 days after receipt, provided
11that, if the receipts exceed the school districts' liabilities
12to the area vocational center, the district may retain such
13excess for application to its liability for area vocational
14center expenses in subsequent periods.
15    (e) If the school board of any district that has levied a
16tax authorized by this Section withdraws from the joint
17agreement for area vocational education purposes, that
18district shall no longer be authorized to levy an annual tax
19for area vocational education purposes. Any proceeds from the
20taxes authorized by this Section, including interest earnings
21thereon that remain in the school district treasury upon
22withdrawal from the area vocational center and after paying any
23liabilities owed such area vocational center shall be used to
24abate taxes in the ensuing tax cycle or cycles.
25    (f) Any tax imposed under this Section is in addition to
26all other taxes authorized by law to be levied and collected by

 

 

HB4002- 21 -LRB097 16763 HLH 61942 b

1a school board of any district participating in a joint
2agreement for an area vocational education center, and shall
3not be included within any limitation of rate contained in this
4Code or any other law.
5    (g) Subsection (a) of this Section becomes inoperative at
6the end of 4 tax years after the effective date of this
7amendatory Act of the 97th General Assembly; provided that any
8taxes levied prior to subsection (a) of this Section becoming
9inoperative shall remain valid until collected as otherwise
10provided by law.
 
11    Section 99. Effective date. This Act takes effect upon
12becoming law.