(70 ILCS 200/2-70)
If a majority of the voters of the metropolitan area
approve the issuance of bonds as provided in Section 2-65,
shall have power to levy and collect annually a sum sufficient to pay
for the annual principal and interest charges on such bonds.
Such taxes proposed by the Authority to be levied upon the taxable
property within the metropolitan area shall be levied by ordinance.
After the ordinance has been adopted it shall, within 10 days after its
passage, be published once in a newspaper published and having a general
circulation within the metropolitan area. A certified copy of such levy
ordinance shall be filed with the county clerk no later than the 3rd
Tuesday in September in each year. Upon the filing of the ordinance the county
extend such tax; provided the aggregate amount of taxes levied for any
one year shall not exceed the rate of .0005% of the full fair cash
value, as equalized or assessed by the Department of Revenue.
(Source: P.A. 90-328, eff. 1-1-98.)