093_SB0315eng

 
SB315 Engrossed                      LRB093 03990 EFG 04029 b

 1        AN  ACT in relation to the Metropolitan Water Reclamation
 2    District.

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

 5        Section  5.  The Property Tax Code is amended by changing
 6    Section 18-185 as follows:

 7        (35 ILCS 200/18-185)
 8        Sec. 18-185.  Short title; definitions.  This Division  5
 9    may  be  cited  as the Property Tax Extension Limitation Law.
10    As used in this Division 5:
11        "Consumer Price Index" means the Consumer Price Index for
12    All Urban Consumers for all items  published  by  the  United
13    States Department of Labor.
14        "Extension  limitation" means (a) the lesser of 5% or the
15    percentage increase in the Consumer Price  Index  during  the
16    12-month  calendar  year  preceding  the levy year or (b) the
17    rate of increase approved by voters under Section 18-205.
18        "Affected county" means a county  of  3,000,000  or  more
19    inhabitants  or  a county contiguous to a county of 3,000,000
20    or more inhabitants.
21        "Taxing  district"  has  the  same  meaning  provided  in
22    Section 1-150, except as otherwise provided in this  Section.
23    For  the 1991 through 1994 levy years only, "taxing district"
24    includes only each non-home rule taxing district  having  the
25    majority  of  its  1990  equalized  assessed value within any
26    county or counties contiguous to a county with  3,000,000  or
27    more inhabitants.  Beginning with the 1995 levy year, "taxing
28    district"  includes  only  each non-home rule taxing district
29    subject to this Law  before  the  1995  levy  year  and  each
30    non-home  rule taxing district not subject to this Law before
31    the 1995 levy year having the majority of its 1994  equalized
 
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 1    assessed  value in an affected county or counties.  Beginning
 2    with the levy year in which this Law becomes applicable to  a
 3    taxing  district  as  provided  in  Section  18-213,  "taxing
 4    district"  also  includes those taxing districts made subject
 5    to this Law as provided in Section 18-213.
 6        "Aggregate extension" for taxing districts to which  this
 7    Law  applied  before  the  1995  levy  year  means the annual
 8    corporate extension for the taxing district and those special
 9    purpose extensions that are  made  annually  for  the  taxing
10    district,  excluding special purpose extensions: (a) made for
11    the taxing district to pay interest or principal  on  general
12    obligation  bonds  that were approved by referendum; (b) made
13    for any taxing district  to  pay  interest  or  principal  on
14    general  obligation  bonds issued before October 1, 1991; (c)
15    made for any taxing district to pay interest or principal  on
16    bonds  issued  to  refund  or  continue to refund those bonds
17    issued before October  1,  1991;  (d)  made  for  any  taxing
18    district  to  pay  interest  or  principal on bonds issued to
19    refund or continue to refund bonds issued  after  October  1,
20    1991  that  were  approved  by  referendum;  (e) made for any
21    taxing district to pay interest or principal on revenue bonds
22    issued before October 1, 1991 for payment of which a property
23    tax levy or the full faith and credit of the  unit  of  local
24    government  is  pledged;  however,  a  tax for the payment of
25    interest or principal on those bonds shall be made only after
26    the governing body of the unit of local government finds that
27    all other sources for payment are insufficient to make  those
28    payments;  (f)  made for payments under a building commission
29    lease when the lease payments are for the retirement of bonds
30    issued by the commission before October 1, 1991, to  pay  for
31    the  building  project;  (g)  made  for  payments  due  under
32    installment  contracts  entered  into before October 1, 1991;
33    (h) made for payments of  principal  and  interest  on  bonds
34    issued  under the Metropolitan Water Reclamation District Act
 
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 1    to finance construction projects initiated before October  1,
 2    1991;  (i)  made  for  payments  of principal and interest on
 3    limited  bonds,  as  defined  in  Section  3  of  the   Local
 4    Government  Debt  Reform  Act, in an amount not to exceed the
 5    debt service extension base less the  amount  in  items  (b),
 6    (c),  (e),  and  (h)  of  this  definition for non-referendum
 7    obligations, except obligations initially issued pursuant  to
 8    referendum;  (j)  made for payments of principal and interest
 9    on bonds issued under Section 15 of the Local Government Debt
10    Reform  Act;  and  (k)  made  by  a  school   district   that
11    participates  in  the  Special  Education  District  of  Lake
12    County,  created  by  special education joint agreement under
13    Section 10-22.31 of the  School  Code,  for  payment  of  the
14    school  district's  share  of  the  amounts  required  to  be
15    contributed  by the Special Education District of Lake County
16    to the Illinois Municipal Retirement Fund under Article 7  of
17    the  Illinois Pension Code; the amount of any extension under
18    this item (k) shall be certified by the  school  district  to
19    the county clerk.
20        "Aggregate  extension"  for the taxing districts to which
21    this Law did not apply before  the  1995  levy  year  (except
22    taxing  districts  subject  to  this  Law  in accordance with
23    Section 18-213) means the annual corporate extension for  the
24    taxing district and those special purpose extensions that are
25    made  annually  for  the  taxing  district, excluding special
26    purpose extensions: (a) made for the taxing district  to  pay
27    interest  or  principal on general obligation bonds that were
28    approved by referendum; (b) made for any taxing  district  to
29    pay  interest or principal on general obligation bonds issued
30    before March 1, 1995; (c) made for any taxing district to pay
31    interest or principal on bonds issued to refund  or  continue
32    to  refund  those bonds issued before March 1, 1995; (d) made
33    for any taxing district to pay interest or principal on bonds
34    issued to refund or continue to  refund  bonds  issued  after
 
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 1    March  1, 1995 that were approved by referendum; (e) made for
 2    any taxing district to pay interest or principal  on  revenue
 3    bonds  issued  before  March  1,  1995 for payment of which a
 4    property tax levy or the full faith and credit of the unit of
 5    local government is pledged; however, a tax for  the  payment
 6    of  interest  or  principal on those bonds shall be made only
 7    after the governing body of  the  unit  of  local  government
 8    finds  that all other sources for payment are insufficient to
 9    make those payments; (f) made for payments under  a  building
10    commission   lease  when  the  lease  payments  are  for  the
11    retirement of bonds issued by the commission before March  1,
12    1995  to  pay for the building project; (g) made for payments
13    due under installment contracts entered into before March  1,
14    1995;  (h)  made  for  payments  of principal and interest on
15    bonds  issued  under  the  Metropolitan   Water   Reclamation
16    District  Act  to  finance  construction  projects  initiated
17    before  October 1, 1991; (h-5) made by the Metropolitan Water
18    Reclamation District of Greater Chicago under Section  12  of
19    the  Metropolitan  Water  Reclamation  District  Act  for the
20    purpose of providing funds for staffing, services, materials,
21    and  equipment  to  secure  and  safeguard   sewers,   sewage
22    treatment  plants,  and  appurtenances  thereto; (i) made for
23    payments of principal  and  interest  on  limited  bonds,  as
24    defined in Section 3 of the Local Government Debt Reform Act,
25    in  an  amount  not to exceed the debt service extension base
26    less the amount in items (b), (c), and (e) of this definition
27    for non-referendum obligations, except obligations  initially
28    issued   pursuant   to  referendum  and  bonds  described  in
29    subsection (h) of this definition; (j) made for  payments  of
30    principal  and  interest  on bonds issued under Section 15 of
31    the Local Government Debt Reform Act; (k) made  for  payments
32    of  principal  and interest on bonds authorized by Public Act
33    88-503 and issued under  Section  20a  of  the  Chicago  Park
34    District  Act  for  aquarium or museum projects; (l) made for
 
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 1    payments of principal and interest  on  bonds  authorized  by
 2    Public  Act  87-1191  and issued under Section 42 of the Cook
 3    County Forest  Preserve  District  Act  for  zoological  park
 4    projects;  and  (m)  made  pursuant to Section 34-53.5 of the
 5    School Code, whether levied annually or not.
 6        "Aggregate extension" for all taxing districts  to  which
 7    this  Law  applies  in accordance with Section 18-213, except
 8    for those  taxing  districts  subject  to  paragraph  (2)  of
 9    subsection  (e) of Section 18-213, means the annual corporate
10    extension for the taxing district and those  special  purpose
11    extensions  that  are  made annually for the taxing district,
12    excluding special purpose extensions: (a) made for the taxing
13    district to pay interest or principal on  general  obligation
14    bonds  that  were  approved  by  referendum; (b) made for any
15    taxing district to  pay  interest  or  principal  on  general
16    obligation   bonds  issued  before  the  date  on  which  the
17    referendum making this Law applicable to the taxing  district
18    is  held; (c) made for any taxing district to pay interest or
19    principal on bonds issued to refund  or  continue  to  refund
20    those  bonds  issued  before the date on which the referendum
21    making this Law applicable to the taxing  district  is  held;
22    (d) made for any taxing district to pay interest or principal
23    on  bonds issued to refund or continue to refund bonds issued
24    after the date  on  which  the  referendum  making  this  Law
25    applicable  to  the taxing district is held if the bonds were
26    approved by referendum after the date on which the referendum
27    making this Law applicable to the taxing  district  is  held;
28    (e) made for any taxing district to pay interest or principal
29    on  revenue  bonds  issued  before  the  date  on  which  the
30    referendum  making this Law applicable to the taxing district
31    is held for payment of which a property tax levy or the  full
32    faith  and credit of the unit of local government is pledged;
33    however, a tax for the payment of interest  or  principal  on
34    those  bonds  shall  be made only after the governing body of
 
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 1    the unit of local government finds that all other sources for
 2    payment are insufficient to make those payments; (f) made for
 3    payments under a building commission  lease  when  the  lease
 4    payments  are  for  the  retirement  of  bonds  issued by the
 5    commission before the date on  which  the  referendum  making
 6    this Law applicable to the taxing district is held to pay for
 7    the  building  project;  (g)  made  for  payments  due  under
 8    installment  contracts  entered into before the date on which
 9    the referendum making  this  Law  applicable  to  the  taxing
10    district  is  held;  (h)  made  for payments of principal and
11    interest on limited bonds, as defined in  Section  3  of  the
12    Local  Government Debt Reform Act, in an amount not to exceed
13    the debt service extension base less the amount in items (b),
14    (c),  and  (e)  of   this   definition   for   non-referendum
15    obligations,  except obligations initially issued pursuant to
16    referendum; (i) made for payments of principal  and  interest
17    on bonds issued under Section 15 of the Local Government Debt
18    Reform Act; and (j) made for a qualified airport authority to
19    pay  interest or principal on general obligation bonds issued
20    for the purpose of paying obligations due under, or financing
21    airport facilities  required  to  be  acquired,  constructed,
22    installed  or  equipped  pursuant  to, contracts entered into
23    before March 1, 1996 (but not  including  any  amendments  to
24    such a contract taking effect on or after that date).
25        "Aggregate  extension"  for all taxing districts to which
26    this  Law  applies  in  accordance  with  paragraph  (2)   of
27    subsection  (e)  of Section 18-213 means the annual corporate
28    extension for the taxing district and those  special  purpose
29    extensions  that  are  made annually for the taxing district,
30    excluding special purpose extensions: (a) made for the taxing
31    district to pay interest or principal on  general  obligation
32    bonds  that  were  approved  by  referendum; (b) made for any
33    taxing district to  pay  interest  or  principal  on  general
34    obligation  bonds  issued  before  the effective date of this
 
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 1    amendatory Act of 1997; (c) made for any taxing  district  to
 2    pay  interest  or  principal  on  bonds  issued  to refund or
 3    continue to refund those bonds issued  before  the  effective
 4    date  of this amendatory Act of 1997; (d) made for any taxing
 5    district to pay interest or  principal  on  bonds  issued  to
 6    refund or continue to refund bonds issued after the effective
 7    date  of  this  amendatory  Act  of  1997  if  the bonds were
 8    approved by referendum  after  the  effective  date  of  this
 9    amendatory  Act  of 1997; (e) made for any taxing district to
10    pay interest or principal on revenue bonds issued before  the
11    effective  date of this amendatory Act of 1997 for payment of
12    which a property tax levy or the full faith and credit of the
13    unit of local government is pledged; however, a tax  for  the
14    payment of interest or principal on those bonds shall be made
15    only after the governing body of the unit of local government
16    finds  that all other sources for payment are insufficient to
17    make those payments; (f) made for payments under  a  building
18    commission   lease  when  the  lease  payments  are  for  the
19    retirement of bonds  issued  by  the  commission  before  the
20    effective  date of this amendatory Act of 1997 to pay for the
21    building project; (g) made for payments due under installment
22    contracts entered into before  the  effective  date  of  this
23    amendatory  Act  of  1997; (h) made for payments of principal
24    and interest on limited bonds, as defined in Section 3 of the
25    Local Government Debt Reform Act, in an amount not to  exceed
26    the debt service extension base less the amount in items (b),
27    (c),   and   (e)   of   this  definition  for  non-referendum
28    obligations, except obligations initially issued pursuant  to
29    referendum;  (i)  made for payments of principal and interest
30    on bonds issued under Section 15 of the Local Government Debt
31    Reform Act; and (j) made for a qualified airport authority to
32    pay interest or principal on general obligation bonds  issued
33    for the purpose of paying obligations due under, or financing
34    airport  facilities  required  to  be  acquired, constructed,
 
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 1    installed or equipped pursuant  to,  contracts  entered  into
 2    before  March  1,  1996  (but not including any amendments to
 3    such a contract taking effect on or after that date).
 4        "Debt service extension base" means an  amount  equal  to
 5    that  portion  of the extension for a taxing district for the
 6    1994 levy year, or for those taxing districts subject to this
 7    Law in accordance  with  Section  18-213,  except  for  those
 8    subject to paragraph (2) of subsection (e) of Section 18-213,
 9    for  the  levy  year  in which the referendum making this Law
10    applicable to the taxing  district  is  held,  or  for  those
11    taxing  districts  subject  to  this  Law  in accordance with
12    paragraph (2) of subsection (e) of  Section  18-213  for  the
13    1996  levy  year,  constituting  an  extension for payment of
14    principal and interest on bonds issued by the taxing district
15    without referendum, but not including (i) bonds authorized by
16    Public Act 88-503 and issued under Section 20a of the Chicago
17    Park District Act for  aquarium  and  museum  projects;  (ii)
18    bonds  issued  under  Section 15 of the Local Government Debt
19    Reform Act; or (iii) refunding obligations issued  to  refund
20    or   to  continue  to  refund  obligations  initially  issued
21    pursuant to referendum. The debt service extension  base  may
22    be established or increased as provided under Section 18-212.
23        "Special purpose extensions" include, but are not limited
24    to,  extensions  for  levies  made  on  an  annual  basis for
25    unemployment  and  workers'   compensation,   self-insurance,
26    contributions  to pension plans, and extensions made pursuant
27    to Section 6-601 of the Illinois  Highway  Code  for  a  road
28    district's  permanent  road  fund  whether levied annually or
29    not.  The  extension  for  a  special  service  area  is  not
30    included in the aggregate extension.
31        "Aggregate  extension  base"  means the taxing district's
32    last preceding aggregate extension as adjusted under Sections
33    18-215 through 18-230.
34        "Levy year" has the same meaning as "year" under  Section
 
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 1    1-155.
 2        "New  property" means (i) the assessed value, after final
 3    board  of  review  or  board  of  appeals  action,   of   new
 4    improvements  or  additions  to  existing improvements on any
 5    parcel of real property that increase the assessed  value  of
 6    that  real  property  during  the levy year multiplied by the
 7    equalization factor issued by the  Department  under  Section
 8    17-30  and  (ii)  the  assessed  value,  after final board of
 9    review or board of  appeals  action,  of  real  property  not
10    exempt  from  real  estate  taxation, which real property was
11    exempt from real estate  taxation  for  any  portion  of  the
12    immediately   preceding   levy   year,   multiplied   by  the
13    equalization factor issued by the  Department  under  Section
14    17-30. In addition, the county clerk in a county containing a
15    population  of  3,000,000  or  more shall include in the 1997
16    recovered tax increment value for any  school  district,  any
17    recovered tax increment value that was applicable to the 1995
18    tax year calculations.
19        "Qualified  airport authority" means an airport authority
20    organized under the Airport Authorities Act and located in  a
21    county  bordering  on  the  State  of  Wisconsin and having a
22    population in excess of 200,000 and not greater than 500,000.
23        "Recovered  tax  increment  value"   means,   except   as
24    otherwise  provided  in  this  paragraph,  the  amount of the
25    current year's equalized assessed value, in  the  first  year
26    after a municipality terminates the designation of an area as
27    a redevelopment project area previously established under the
28    Tax  Increment  Allocation  Development  Act  in the Illinois
29    Municipal Code, previously established under  the  Industrial
30    Jobs   Recovery  Law  in  the  Illinois  Municipal  Code,  or
31    previously established under the  Economic  Development  Area
32    Tax  Increment  Allocation  Act,  of each taxable lot, block,
33    tract, or  parcel  of  real  property  in  the  redevelopment
34    project  area  over  and above the initial equalized assessed
 
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 1    value of each property in the redevelopment project area. For
 2    the taxes which are extended for  the  1997  levy  year,  the
 3    recovered  tax  increment  value  for  a non-home rule taxing
 4    district that first became subject to this Law for  the  1995
 5    levy  year  because a majority of its 1994 equalized assessed
 6    value  was  in  an  affected  county  or  counties  shall  be
 7    increased if a municipality terminated the designation of  an
 8    area  in  1993  as  a  redevelopment  project area previously
 9    established under the Tax  Increment  Allocation  Development
10    Act  in  the  Illinois Municipal Code, previously established
11    under the  Industrial  Jobs  Recovery  Law  in  the  Illinois
12    Municipal  Code, or previously established under the Economic
13    Development Area Tax Increment Allocation Act, by  an  amount
14    equal  to  the  1994 equalized assessed value of each taxable
15    lot,  block,  tract,  or  parcel  of  real  property  in  the
16    redevelopment  project  area  over  and  above  the   initial
17    equalized   assessed   value   of   each   property   in  the
18    redevelopment  project  area.  In  the  first  year  after  a
19    municipality removes a taxable lot, block, tract,  or  parcel
20    of   real   property   from   a  redevelopment  project  area
21    established under the Tax  Increment  Allocation  Development
22    Act  in  the  Illinois  Municipal  Code,  the Industrial Jobs
23    Recovery Law in the Illinois Municipal Code, or the  Economic
24    Development Area Tax Increment Allocation Act, "recovered tax
25    increment  value"  means  the  amount  of  the current year's
26    equalized assessed value of each taxable lot,  block,  tract,
27    or  parcel  of  real  property removed from the redevelopment
28    project area over and above the  initial  equalized  assessed
29    value   of   that  real  property  before  removal  from  the
30    redevelopment project area.
31        Except as otherwise provided in this  Section,  "limiting
32    rate"  means  a  fraction  the numerator of which is the last
33    preceding aggregate extension base times an amount  equal  to
34    one plus the extension limitation defined in this Section and
 
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 1    the  denominator  of  which  is  the current year's equalized
 2    assessed value of all real property in  the  territory  under
 3    the jurisdiction of the taxing district during the prior levy
 4    year.    For   those  taxing  districts  that  reduced  their
 5    aggregate extension for the last  preceding  levy  year,  the
 6    highest  aggregate  extension  in any of the last 3 preceding
 7    levy years shall be used for the  purpose  of  computing  the
 8    limiting   rate.   The  denominator  shall  not  include  new
 9    property.  The denominator shall not  include  the  recovered
10    tax increment value.
11    (Source:  P.A.  91-357,  eff.  7-29-99; 91-478, eff. 11-1-99;
12    92-547, eff. 6-13-02.)

13        Section 10.  The Metropolitan Water Reclamation  District
14    Act is amended by changing Section 12 as follows:

15        (70 ILCS 2605/12) (from Ch. 42, par. 332)
16        Sec.  12.   The  board of commissioners annually may levy
17    taxes  for  corporate  purposes  upon  property  within   the
18    territorial  limits  of such sanitary district, the aggregate
19    amount of which, exclusive of the amount levied for  (a)  the
20    payment  of  bonded  indebtedness  and the interest on bonded
21    indebtedness (b) employees' annuity and benefit purposes  (c)
22    construction   purposes,   and   (d)   for   the  purpose  of
23    establishing and maintaining a reserve fund for  the  payment
24    of  claims,  awards,  losses,  judgments or liabilities which
25    might be imposed on such sanitary district under the Workers'
26    Compensation Act or the Workers' Occupational  Diseases  Act,
27    and  any  claim  in  tort,  including but not limited to, any
28    claim imposed upon such sanitary  district  under  the  Local
29    Governmental  and  Governmental  Employees Tort Immunity Act,
30    and for the repair or replacement of any  property  owned  by
31    such  sanitary  district  which  is  damaged  by fire, flood,
32    explosion, vandalism or any other peril, natural or  manmade,
 
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 1    shall  not  exceed  the sum produced by extending the rate of
 2    .46% for the year 1979 and each  year  thereafter,  upon  the
 3    assessed   valuation  of  all  taxable  property  within  the
 4    sanitary district as equalized and determined for  State  and
 5    local taxes.
 6        In  addition,  for  the  purpose  of  providing funds for
 7    staffing, services, materials, and equipment  to  secure  and
 8    safeguard  sewers, sewage treatment plants, and appurtenances
 9    thereto, the board of commissioners may levy a tax at a  rate
10    not  to  exceed  0.0025%  of  the  assessed  valuation of all
11    taxable  property  within  the  district  as  equalized   and
12    determined for State and local taxes.  This tax may be levied
13    only through calendar year 2006.
14        And  In  addition  thereto,  for construction purposes as
15    defined  in  Section  5.2  of  this   Act,   the   board   of
16    commissioners  may levy taxes for the year 1985 and each year
17    thereafter which shall be at a rate not to exceed .10% of the
18    assessed  valuation  of  all  taxable  property  within   the
19    sanitary  district  as equalized and determined for State and
20    local taxes.  Amounts  realized  from  taxes  so  levied  for
21    construction  purposes  shall  be  limited  for  use  to such
22    purposes and shall not be available for appropriation or used
23    to defray the cost of repairs to or expense of maintaining or
24    operating   existing   or   future   facilities,   but   such
25    restrictions,  however,  shall  not   apply   to   additions,
26    alterations,  enlargements,  and  replacements which will add
27    appreciably to the value, utility, or the useful life of said
28    facilities.
29        Such  rates  shall  be  extended  against  the   assessed
30    valuation of the taxable property within the corporate limits
31    as  the  same  shall be assessed and equalized for the county
32    taxes for the year in which  the levy is made and said  board
33    shall  cause the amount to be raised by taxation in each year
34    to be  certified  to  the  county  clerk  on  or  before  the
 
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 1    thirtieth day of March; provided, however, that if during the
 2    budget  year  the  General Assembly authorizes an increase in
 3    such  rates,  the  board  of  commissioners   may   adopt   a
 4    supplemental  levy  and  shall make such certification to the
 5    County Clerk on or before the thirtieth day of December.
 6        For the purpose of establishing and maintaining a reserve
 7    fund for the payment of claims, awards, losses, judgments  or
 8    liabilities  which might be imposed on such sanitary district
 9    under  the  Workers'  Compensation  Act   or   the   Workers'
10    Occupational  Diseases  Act, and any claim in tort, including
11    but not limited to, any  claim  imposed  upon  such  sanitary
12    district   under  the  Local  Governmental  and  Governmental
13    Employees  Tort  Immunity  Act,  and  for   the   repair   or
14    replacement,  where  the  cost  thereof  exceeds  the  sum of
15    $10,000, of any property  owned  by  such  sanitary  district
16    which  is damaged by fire, flood, explosion, vandalism or any
17    other peril, natural or man-made, such sanitary district  may
18    also  levy  annually  upon  all  taxable  property within its
19    territorial limits a tax not to exceed .005% of the  assessed
20    valuation   of   said   taxable  property  as  equalized  and
21    determined for State and local taxes; provided, however,  the
22    aggregate  amount  which  may  be accumulated in such reserve
23    fund shall not exceed .05% of such assessed valuation.
24        All taxes so levied and certified shall be collected  and
25    enforced in the same manner and by the same officers as State
26    and  county  taxes,  and  shall  be  paid over by the officer
27    collecting  the  same  to  the  treasurer  of  the   sanitary
28    district,  in  the  manner  and  at  the time provided by the
29    general revenue law. No part of the taxes  hereby  authorized
30    shall  be used by such sanitary district for the construction
31    of permanent, fixed, immovable  bridges  across  any  channel
32    constructed  under  the  provisions  of this Act. All bridges
33    built across such channel  shall  not  necessarily  interfere
34    with  or  obstruct  the  navigation of such channel, when the
 
SB315 Engrossed             -14-     LRB093 03990 EFG 04029 b
 1    same becomes a navigable stream, as provided in Section 24 of
 2    this Act, but such bridges shall be so constructed that  they
 3    can  be  raised,  swung  or  moved out of the way of vessels,
 4    tugs, boats or other water  craft  navigating  such  channel.
 5    Nothing  in  this Act shall be so construed as to compel said
 6    district to maintain or  operate  said  bridges,  as  movable
 7    bridges, for a period of 9 years from and after the time when
 8    the  water has been turned into said channel pursuant to law,
 9    unless the needs of general navigation of the Des Plaines and
10    Illinois Rivers,  when  connected  by  said  channel,  sooner
11    require  it.  In levying taxes the board of commissioners, in
12    order to produce the net amount required by  the  levies  for
13    payment  of  bonds  and  interest  thereon,  shall include an
14    amount or rate estimated to be sufficient to cover losses  in
15    collection of taxes, the cost of collecting taxes, abatements
16    in  the  amount  of such taxes as extended on the collector's
17    books and the amount of such taxes collection of  which  will
18    be deferred; the amount so added for the purpose of producing
19    the  net  amount  required  shall  not  exceed any applicable
20    maximum tax rate or amount.
21    (Source: P.A. 84-630.)

22        Section 99.  Effective date.  This Act takes effect  upon
23    becoming law.