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Illinois Compiled Statutes
Information maintained by the Legislative Reference Bureau Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide. Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law.
ROADS AND BRIDGES (605 ILCS 5/) Illinois Highway Code. 605 ILCS 5/6-518
(605 ILCS 5/6-518) (from Ch. 121, par. 6-518)
Sec. 6-518.
The refunding bonds shall be of such form and denomination,
payable at such place, bear such date, and be executed by such officials as
may be provided by the highway commissioner and the road district clerk of
the road district in the bond resolution. They shall mature within not to
exceed 20 years from their date, and may be made callable on any interest
payment date at par and accrued interest after notice has been given at the
time and in the manner provided in the bond resolution.
If there is no default in payment of the principal of or interest upon
the refunding bonds, and there is sufficient money on hand to set aside a
sum of money equal to the amount of interest that will accrue on the
refunding bonds, and a sum of money equal to the amount of principal that
will become due thereon, within the next 6 months period, the treasurer of
the road district shall use the money available from the proceeds of taxes
levied for the payment of the refunding bonds in calling them for payment,
if, by their terms, they are subject to redemption. However, a road
district may provide in the bond resolution that, whenever the road
district is not in default in payment of the principal of or interest upon
the refunding bonds and has set aside the sums of money provided in this
paragraph for interest accruing and principal maturing within the next 6
months period, the money available from the proceeds of taxes levied for
the payment of refunding bonds shall be first used in the purchase of the
refunding bonds at the lowest price obtainable, but not to exceed their par
value and accrued interest, after sealed tenders for their purchase have
been advertised for as may be directed by the corporate authorities
thereof.
Refunding bonds called for payment and paid or purchased under this
section shall be marked paid and cancelled.
(Source: Laws 1959, p. 196.)
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605 ILCS 5/6-519
(605 ILCS 5/6-519) (from Ch. 121, par. 6-519)
Sec. 6-519.
Whenever any refunding bonds are purchased and cancelled, as
provided in Section 6-518, the taxes thereafter to be extended for payment
of the principal of and interest on the remainder of the issue shall be
reduced in an amount equal to the principal of and the interest that would
have thereafter accrued upon the refunding bonds so cancelled, if a
resolution has been adopted by the highway commissioner and the road
district clerk of the road district finding these facts and a certified
copy of the resolution has been filed with the county clerk specified in
Section 6-516.
Whenever refunding bonds are issued, proper reduction of taxes
theretofore levied for the payment of the bonds refunded and next to be
extended for collection, shall be made by the county clerk upon receipt of
a certificate signed by the clerk of the road district, showing the bonds
refunded and the tax to be abated.
(Source: Laws 1959, p. 196 .)
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605 ILCS 5/6-520
(605 ILCS 5/6-520) (from Ch. 121, par. 6-520)
Sec. 6-520.
Money which becomes available from taxes that were levied for
prior years for payment of bonds or interest coupons that were paid or
refunded before those taxes were collected, after payment of all warrants
that may have been issued in anticipation of these taxes, shall be placed
in the sinking fund account provided in this section. It shall be used to
purchase, call for payment, or to pay at maturity refunding bonds and
interest thereon as herein provided.
Money received from the proceeds of taxes levied for the payment of the
principal of and interest upon refunding bonds shall be deposited in a
special fund of the road district, designated the "Refunding Bond and
Interest Sinking Fund Account of ....". This fund shall be applied to the
purchase or payment of refunding bonds and the interest thereon.
If the money in this fund is not immediately necessary for the payment
of refunding bonds or if refunding bonds can not be purchased before
maturity, then, under the direction of the highway commissioner and the
road district clerk of the road district, the money may be invested by the
treasurer of the road district in bonds or other interest bearing
obligations of the United States or in bonds of the State of Illinois, the
maturity date of which securities shall be prior to the due date of any
issue of refunding bonds of the road district. The highway commissioner and
the road district clerk may sell these securities whenever necessary to
obtain cash to meet bond and interest payments.
(Source: Laws 1959, p. 196.)
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605 ILCS 5/6-521
(605 ILCS 5/6-521) (from Ch. 121, par. 6-521)
Sec. 6-521.
The highway commissioner and the road district clerk of a road
district may take any action necessary to inform the owners of unpaid bonds
regarding the financial condition of the road district, the necessity of
refunding its unpaid bonds and readjusting the maturities thereof in order
that sufficient taxes may be collected to purchase or pay for the bonds.
The highway commissioner and the road district clerk may enter into any
agreement required to prepare and carry out any refunding plan and, without
any previous appropriation therefor under any budget law, may incur and pay
expenditures necessary in order to accomplish the refunding of the bonds of
the road district.
(Source: Laws 1959, p. 196.)
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605 ILCS 5/6-522
(605 ILCS 5/6-522) (from Ch. 121, par. 6-522)
Sec. 6-522.
Sections 6-515 through 6-521 of this Code shall apply to any
road district other than a county unit road district, regardless of the law
under which it is organized and operating, and shall constitute complete
authority for issuing refunding bonds as herein provided without reference
to other laws and shall be construed as conferring powers in addition to,
but not as limiting powers granted under, other laws.
(Source: Laws 1959, p. 196.)
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605 ILCS 5/Art. 6 Div. 6
(605 ILCS 5/Art. 6 Div. 6 heading)
DIVISION 6.
GRAVEL, ROCK, MACADAM AND OTHER TOWNSHIP AND DISTRICT ROAD
IMPROVEMENT BY SPECIAL TAX
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605 ILCS 5/6-601
(605 ILCS 5/6-601) (from Ch. 121, par. 6-601)
Sec. 6-601.
(a) On the petition of 25 legal voters of any road district
to the district clerk he shall order a referendum on the proposition for or
against an annual tax not to exceed .167% of the value of the taxable
property, as equalized or assessed by the Department of Revenue, for the
purpose of constructing or maintaining gravel, rock,
macadam or other hard roads, or for improving, maintaining or repairing
earth roads by draining, grading, oil treating or dragging. Such
petition shall state the location and route of the proposed road or
roads, and shall also state the annual rate per cent not exceeding .167%
of the value, as equalized or assessed by the Department of Revenue. The
referendum shall be held at the next annual town meeting, at a special
town meeting called for that purpose, or at an election in
accordance with the general election law. If the referendum is ordered
to be held at the town meeting, or at a special town meeting called for
that purpose, the district clerk shall give notice that
at the next annual town meeting or special town meeting the proposition
shall be voted upon. Such notice shall set forth the proposition and shall
be given by publication in a newspaper of general circulation in the
township and by posting notices in at least 10 of the most public places in
the town at least 10 days prior to the annual or special meeting. If the
referendum is ordered to be held at an election, the district clerk shall
certify that proposition to the proper election officials, who shall submit
the proposition in accordance with the general election law.
The proposition shall be substantially in the following
form:
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Shall a special YES tax for road purposes - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
be levied? NO - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
(b) The preceding rate of .167% of the value of the taxable property,
as equalized or assessed by the Department of Revenue, may be increased to
.25% when authorized by a referendum held in accordance with the general election law.
(Source: P.A. 86-710 .)
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605 ILCS 5/6-602
(605 ILCS 5/6-602) (from Ch. 121, par. 6-602)
Sec. 6-602.
If a majority of all the ballots cast at such election on such
proposition are in favor of such special tax, then the township board of
trustees or highway board of trustees,
as the case may be, or the
highway commissioner in a county not under township organization of the
road district shall levy an annual tax in accordance with such vote and
certify the same to the county clerk. This certification may occur at any time after the election. That board of trustees or
commissioner shall also cause a copy of such certificate of levy to be
filed in the office of the district clerk as provided in Section 6-502
of this Code. The county clerk shall cause such levy, thus certified to
him to be extended on the tax books for the current year and for each
succeeding year as other taxes are extended. The highway commissioner of
the road district may
also receive donations in money, labor, materials or other valuable
things to aid in such road construction.
Such special tax levy shall remain in effect until repealed by the legal
voters of the road district, as provided in Section 6-617 of this Code.
(Source: P.A. 98-454, eff. 8-16-13.)
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605 ILCS 5/6-603
(605 ILCS 5/6-603) (from Ch. 121, par. 6-603)
Sec. 6-603.
The county clerk, when making out the tax books for the
State and county tax for the collector, shall in each year extend the special tax in
separate columns against each taxpayer's name or taxable property in the
district, as other taxes are extended, which shall be collected the same
as State and county taxes, and known as the permanent road fund of the
district; provided that such special tax shall not be extended in any
road district located in any county in which a county unit road district
has been established after the effective date, as provided in Section
6-125 of this Code, upon which the county takes over and becomes
responsible for the construction, maintenance and repair of all county
unit district roads in such county.
(Source: P.A. 81-821.)
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605 ILCS 5/6-604
(605 ILCS 5/6-604) (from Ch. 121, par. 6-604)
Sec. 6-604.
The treasurer of the district, before receiving any of such
fund provided for in this Division of this Code, shall execute a good and
sufficient bond, with two or more sureties, to be filed with the district
clerk for the benefit of the district, in double the amount which will
probably come into his hands by virtue of this Division of this Code if
individuals act as sureties on such bond or in the amount only of such
moneys if a surety company authorized to do business in this State acts as
surety on such bonds.
(Source: Laws 1959, p. 196.)
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