State of Illinois
90th General Assembly
Legislation

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[ Introduced ][ Senate Amendment 001 ][ Senate Amendment 002 ]

90_SB0373eng

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          Amends the Election  Code  and  various  Acts  concerning
      units of local government and school districts.  Standardizes
      provisions  concerning  publication  or posting of ordinances
      and resolutions and filing of petitions with respect to  back
      door  referenda.  Requires that petitions be signed by voters
      equal in number to 5% of the total number of  voters  in  the
      specified  territory  who voted at the last preceding general
      election   at   which   electors   of   the   President   and
      Vice-President of the United States were elected.
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 1        AN ACT concerning local  government  referenda,  amending
 2    named Acts.
 3        Be  it  enacted  by  the People of the State of Illinois,
 4    represented in the General Assembly:
 5        Section  5.  The  Intergovernmental  Cooperation  Act  is
 6    amended by changing Sections 3.1 and 3.6 as follows:
 7        (5 ILCS 220/3.1) (from Ch. 127, par. 743.1)
 8        Sec. 3.1.  (a) Any municipality or municipalities of this
 9    State, any county or counties of this State, any township  in
10    a  county  with a population under 700,000 of this State, any
11    public water district or districts  of  this  State,  or  any
12    combination  thereof  may,  by  intergovernmental  agreement,
13    establish  a  Municipal  Joint Action Water Agency to provide
14    adequate supplies of water on  an  economical  and  efficient
15    basis  for  member municipalities, public water districts and
16    other  incorporated  and  unincorporated  areas  within  such
17    counties. For purposes of this Act, the water supply may only
18    be derived from Lake Michigan, or the Mississippi  River,  or
19    the  Missouri  River.   Any  such  Agency  shall  itself be a
20    municipal corporation, public body politic and corporate.   A
21    Municipal  Joint  Action  Water  Agency  so created shall not
22    itself have taxing power except as hereinafter provided.
23        A  Municipal  Joint  Action   Water   Agency   shall   be
24    established  by  an  intergovernmental  agreement  among  the
25    various   member   municipalities,  public  water  districts,
26    townships,  and  counties,  upon  approval  by  an  ordinance
27    adopted  by  the  corporate  authorities   of   each   member
28    municipality,  public  water  district,  township, or county.
29    This agreement may be amended at any time upon  the  adoption
30    of  concurring ordinances by the corporate authorities of all
31    member municipalities, public water districts, townships, and
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 1    counties.   The  agreement   may   provide   for   additional
 2    municipalities, public water districts, townships in counties
 3    with  a  population  under  700,000,  or counties to join the
 4    Agency  upon  adoption  of  an  ordinance  by  the  corporate
 5    authorities  of  the  joining  municipality,   public   water
 6    district,  township,  or  county,  and  upon  such  consents,
 7    conditions  and  approvals  of  the  governing  body  of  the
 8    Municipal  Joint  Action  Water Agency and of existing member
 9    municipalities,  public  water  districts,  townships,    and
10    counties   as  shall  be  provided  in  the  agreement.   The
11    agreement shall provide the manner and  terms  on  which  any
12    municipality,  public water district, township, or county may
13    withdraw from membership in the Municipal Joint Action  Water
14    Agency  and on which the Agency may terminate and dissolve in
15    whole  or  in  part.   The  agreement  shall  set  forth  the
16    corporate name of the Municipal Joint Action Water Agency and
17    its duration.  Promptly upon  any  agreement  establishing  a
18    Municipal  Joint  Action  Water Agency being entered into, or
19    upon the amending of any  such  agreement,  a  copy  of  such
20    agreement  or  amendment  shall be filed in the office of the
21    Secretary of State of Illinois.  Promptly upon  the  addition
22    or  withdrawal  of  any  municipality, public water district,
23    township in a county with  a  population  under  700,000,  or
24    county,  or  upon the dissolution of a Municipal Joint Action
25    Water Agency, that fact shall be certified by an  officer  of
26    the Agency to the Secretary of State of Illinois.
27        (b)  The  governing  body  of  any Municipal Joint Action
28    Water Agency established pursuant to this Section  3.1  shall
29    be  a  Board  of  Directors. There shall be one Director from
30    each member municipality, public  water  district,  township,
31    and  county  of  the  Municipal  Joint  Action  Water  Agency
32    appointed  by  ordinance  of the corporate authorities of the
33    municipality, public water  district,  township,  or  county.
34    Each Director shall have one vote. Each Director shall be the
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 1    Mayor  or  President  of  the  member  municipality,  or  the
 2    chairman  of the board of trustees of the member public water
 3    district, the supervisor  of  the  member  township,  or  the
 4    chairman  of  the  county board or chief executive officer of
 5    the member county or a county board member appointed  by  the
 6    chairman of the county board of the member county, appointing
 7    the  Director; an elected member of the corporate authorities
 8    of that municipality, public  water  district,  township,  or
 9    county;   or   other   elected  official  of  the  appointing
10    municipality, public water  district,  township,  or  county.
11    Any  agreement  establishing  a  Municipal Joint Action Water
12    Agency shall specify the period during which a Director shall
13    hold office and may provide for the appointment of  Alternate
14    Directors from member municipalities, public water districts,
15    townships,  or  counties.  The Board of Directors shall elect
16    one Director to serve as Chairman, and shall  elect  persons,
17    who  need not be Directors, to such other offices as shall be
18    designated in the agreement.
19        The Board of Directors shall determine the general policy
20    of the Municipal Joint Action Water Agency, shall approve the
21    annual budget,  shall  make  all  appropriations  (which  may
22    include  appropriations made at any time in addition to those
23    made in any annual appropriation document), shall approve all
24    contracts for the purchase or sale of water, shall adopt  any
25    resolutions  providing  for the issuance of bonds or notes by
26    the Agency, shall adopt its by-laws, rules  and  regulations,
27    and  shall  have  such  other  powers  and  duties  as may be
28    prescribed in the  agreement.   Such  agreement  may  further
29    specify  those  powers  and  actions  of  the Municipal Joint
30    Action Water Agency which shall be authorized only upon votes
31    of greater than a majority of  all  Directors  or  only  upon
32    consents  of the corporate authorities of a certain number of
33    member municipalities, public water districts, townships,  or
34    counties.
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 1        The  agreement  may  provide  for the establishment of an
 2    Executive Committee to consist of the  municipal  manager  or
 3    other   elected   or   appointed   official  of  each  member
 4    municipality, public water district, township, or county,  as
 5    designated  by  ordinance  from time to time by the corporate
 6    authorities  of  the  member   municipality,   public   water
 7    district,  township,  or county, and may prescribe powers and
 8    duties  of  the  Executive  Committee   for   the   efficient
 9    administration of the Agency.
10        (c)  A  Municipal  Joint  Action Water Agency established
11    pursuant to this Section 3.1 may  plan,  construct,  improve,
12    extend,  acquire,  finance (including the issuance of revenue
13    bonds or notes as provided in  this  Section  3.1),  operate,
14    maintain, and contract for a joint waterworks or water supply
15    system   which  may  include,  or  may  consist  of,  without
16    limitation,   facilities   for   receiving,   storing,    and
17    transmitting  water  from  any  source for supplying water to
18    member municipalities, public water districts, townships,  or
19    counties  (including  county  special  service  areas created
20    under the Special Service Area Tax  Act  and  county  service
21    areas  authorized  under  the Counties Code), or other public
22    agencies,  persons,  or  corporations.  Facilities   of   the
23    Municipal  Joint Action Water Agency may be located within or
24    without the corporate limits of any member municipality.
25        A Municipal Joint Action Water  Agency  shall  have  such
26    powers as shall be provided in the agreement establishing it,
27    which  may include, but need not be limited to, the following
28    powers:
29             (i)  to sue or be sued;
30             (ii)  to apply for and accept  gifts  or  grants  or
31        loans of funds or property or financial or other aid from
32        any public agency or private entity;
33             (iii)  to  acquire,  hold,  sell, lease as lessor or
34        lessee, transfer or dispose  of  such  real  or  personal
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 1        property,  or  interests therein, as it deems appropriate
 2        in the exercise of its powers, and to provide for the use
 3        thereof  by  any  member   municipality,   public   water
 4        district, township, or county;
 5             (iv)  to  make  and  execute all contracts and other
 6        instruments necessary or convenient to  the  exercise  of
 7        its    powers    (including    contracts    with   member
 8        municipalities,  with  public   water   districts,   with
 9        townships,  and with counties on behalf of county service
10        areas); and
11             (v)  to employ agents and employees and to  delegate
12        by resolution to one or more of its Directors or officers
13        such powers as it may deem proper.
14        Member municipalities, public water districts, townships,
15    or  counties  may,  for the purposes of, and upon request by,
16    the Municipal Joint Action Water Agency, exercise  the  power
17    of  eminent  domain  available  to  them,  convey property so
18    acquired to the Agency for the cost of  acquisition,  and  be
19    reimbursed  for  all  expenses  related  to  this exercise of
20    eminent domain power on behalf of the Agency.
21        All property, income and receipts of or transactions by a
22    Municipal Joint Action Water Agency shall be exempt from  all
23    taxation,  the  same  as  if  it were the property, income or
24    receipts of or  transaction  by  the  member  municipalities,
25    public water districts, townships, or counties.
26        (d)  A  Municipal  Joint  Action Water Agency established
27    pursuant to this Section 3.1 shall  have  the  power  to  buy
28    water   and   to   enter  into  contracts  with  any  person,
29    corporation  or   public   agency   (including   any   member
30    municipality, public water district, township, or county) for
31    that  purpose.    Any  such  contract made by an Agency for a
32    supply of water may contain provisions whereby the Agency  is
33    obligated  to  pay  for the supply of water without setoff or
34    counterclaim and irrespective of whether the supply of  water
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 1    is  ever furnished, made available or delivered to the Agency
 2    or whether any project for the supply of  water  contemplated
 3    by  any such contract is completed, operable or operating and
 4    notwithstanding any suspension,  interruption,  interference,
 5    reduction  or  curtailment  of  the supply of water from such
 6    project.  Any such contract may provide that if one  or  more
 7    of  the  other  purchasers  defaults  in  the  payment of its
 8    obligations under such contract or a  similar  contract  made
 9    with  the  supplier of the water one or more of the remaining
10    purchasers party to such contract or  such  similar  contract
11    shall  be  required  to  pay  for  all  or  a  portion of the
12    obligations of the defaulting purchasers.  No  such  contract
13    may have a term in excess of 50 years.
14        A  Municipal  Joint  Action  Water  Agency shall have the
15    power to sell water and to  enter  into  contracts  with  any
16    person,  corporation  or  public agency (including any member
17    municipality, any public water district, any township, or any
18    county on behalf of a county service area  as  set  forth  in
19    this  Section) for that purpose.  No such contract may have a
20    term in excess of 50 years.  Any such contract  entered  into
21    to  sell  water  to  a  public  agency  may  provide that the
22    payments to be made thereunder by such public agency shall be
23    made solely from revenues to be derived by such public agency
24    from the operation of its waterworks system or  its  combined
25    waterworks   and  sewerage  system.   Any  public  agency  so
26    contracting to purchase water shall establish  from  time  to
27    time  such fees and charges for its water service or combined
28    water and sewer service as will produce  revenues  sufficient
29    at  all  times to pay its obligations to the Agency under the
30    purchase contract. Any such contract so providing  shall  not
31    constitute  indebtedness of such public agency so contracting
32    to  buy  water  within  the  meaning  of  any  statutory   or
33    constitutional  limitation.   Any  such  contract of a public
34    agency to buy water shall be a continuing, valid and  binding
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 1    obligation of such public agency payable from such revenues.
 2        A  Municipal  Joint  Action  Water Agency shall establish
 3    fees and charges for the purchase of water from it or for the
 4    use of its  facilities.   No  prior  appropriation  shall  be
 5    required by either the Municipal Joint Action Water Agency or
 6    any   public   agency   before  entering  into  any  contract
 7    authorized by this paragraph (d).
 8        The changes in this Section made by this  amendatory  Act
 9    of 1984 are intended to be declarative of existing law.
10        (e) 1.  A Municipal Joint Action Water Agency established
11    pursuant  to  this Section 3.1 may, from time to time, borrow
12    money and,  in  evidence  of  its  obligation  to  repay  the
13    borrowing,  issue its negotiable water revenue bonds or notes
14    pursuant to this paragraph  (e)  for  any  of  the  following
15    purposes:   for  paying  costs  of  constructing,  acquiring,
16    improving or extending a joint  waterworks  or  water  supply
17    system;  for paying other expenses incident to or incurred in
18    connection with such construction,  acquisition,  improvement
19    or  extension; for repaying advances made to or by the Agency
20    for such purposes; for paying interest on the bonds or  notes
21    until   the   estimated   date  of  completion  of  any  such
22    construction, acquisition, improvement or extension  and  for
23    such  period after the estimated completion date as the Board
24    of Directors  of  the  Agency  shall  determine;  for  paying
25    financial,  legal,  administrative  and other expenses of the
26    authorization, issuance, sale or delivery of bonds or  notes;
27    for  paying  costs of insuring payment of the bonds or notes;
28    for providing or increasing a debt service reserve fund  with
29    respect to any or all of the Agency's bonds or notes; and for
30    paying,  refunding  or redeeming any of the Agency's bonds or
31    notes before, after or at their  maturity,  including  paying
32    redemption premiums or interest accruing or to accrue on such
33    bonds or notes being paid or redeemed or for paying any other
34    costs in connection with any such payment or redemption.
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 1        2.  Any  bonds or notes issued pursuant to this paragraph
 2    (e) by  a  Municipal  Joint  Action  Water  Agency  shall  be
 3    authorized  by  a resolution of the Board of Directors of the
 4    Agency adopted by the affirmative vote of  Directors  from  a
 5    majority   of   the   member   municipalities,  public  water
 6    districts,  townships,  and  counties,  and  any   additional
 7    requirements   as   may   be   set  forth  in  the  agreement
 8    establishing the Agency.  The authorizing resolution  may  be
 9    effective  immediately  upon  its  adoption.  The authorizing
10    resolution shall  describe  in  a  general  way  any  project
11    contemplated  to be financed by the bonds or notes, shall set
12    forth the estimated cost of the project and  shall  determine
13    its  period  of usefulness.  The authorizing resolution shall
14    determine the maturity or maturities of the bonds  or  notes,
15    the  rate  or  rates  at which the bonds or notes are to bear
16    interest and all the other terms and details of the bonds  or
17    notes.   All  such  bonds  or  notes  shall mature within the
18    period of estimated usefulness of the project with respect to
19    which such bonds or notes are issued, as  determined  by  the
20    Board  of  Directors, but in any event not more than 50 years
21    from their date of issue.   The  bonds  and  notes  may  bear
22    interest,  payable  at  such  times,  at  a rate or rates not
23    exceeding  the  maximum  rate   established   in   the   Bond
24    Authorization  Act, as from time to time in effect.  Bonds or
25    notes of a Municipal Joint Action Water Agency shall be  sold
26    in  such manner as the Board of Directors of the Agency shall
27    determine, either at par or at a  premium  or  discount,  but
28    such   that   the  effective  interest  cost  (excluding  any
29    redemption premium) to the Agency of the bonds or notes shall
30    not exceed a rate equal to the rate of interest specified  in
31    the Act referred to in the preceding sentence.
32        The  resolution  authorizing the issuance of any bonds or
33    notes pursuant to  this  paragraph  (e)  shall  constitute  a
34    contract  with  the  holders  of  the  bonds  and notes.  The
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 1    resolution may contain such covenants and  restrictions  with
 2    respect  to  the  purchase or sale of water by the Agency and
 3    the contracts for such purchases or sales, the  operation  of
 4    the  joint  waterworks  system  or  water  supply system, the
 5    issuance of additional bonds or  notes  by  the  Agency,  the
 6    security  for  the bonds and notes, and any other matters, as
 7    may  be  deemed  necessary  or  advisable  by  the  Board  of
 8    Directors to assure the payment of the bonds or notes of  the
 9    Agency.
10        3.  The  resolution  authorizing the issuance of bonds or
11    notes by a Municipal Joint Action Water Agency  shall  pledge
12    and  provide for the application of revenues derived from the
13    operation of the Agency's joint waterworks  or  water  supply
14    system (including from contracts for the sale of water by the
15    Agency) and investment earnings thereon to the payment of the
16    cost  of  operation  and maintenance of the system (including
17    costs  of  purchasing  water),  to  provision   of   adequate
18    depreciation,  reserve  or  replacement funds with respect to
19    the system or the bonds or  notes,  and  to  the  payment  of
20    principal,  premium,  if  any,  and  interest on the bonds or
21    notes of the Agency (including amounts for  the  purchase  of
22    such  bonds  or  notes).   The  resolution shall provide that
23    revenues of  the  Municipal  Joint  Action  Water  Agency  so
24    derived   from   the  operation  of  the  system,  sufficient
25    (together with other receipts of  the  Agency  which  may  be
26    applied to such purposes) to provide for such purposes, shall
27    be  set  aside  as  collected in a separate fund or funds and
28    used for such purposes.   The  resolution  may  provide  that
29    revenues  not  required for such purposes may be used for any
30    proper purpose of the Agency or may  be  returned  to  member
31    municipalities.
32        Any notes of a Municipal Joint Action Water Agency issued
33    in  anticipation  of  the  issuance  of  bonds  by it may, in
34    addition, be secured by a pledge of proceeds of bonds  to  be
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 1    issued   by  the  Agency,  as  specified  in  the  resolution
 2    authorizing the issuance of such notes.
 3        4. (i)  Except as provided in clauses (ii) and  (iii)  of
 4    this  subparagraph  4  of  this  paragraph (e), all bonds and
 5    notes of the  Municipal  Joint  Action  Water  Agency  issued
 6    pursuant  to  this  paragraph  (e)  shall be revenue bonds or
 7    notes.  Such revenue bonds or notes shall have no  claim  for
 8    payment  other  than from revenues of the Agency derived from
 9    the operation of its joint waterworks or water supply  system
10    (including  from  contracts  for  the  sale  of  water by the
11    Agency) and investment earnings thereon, from  bond  or  note
12    proceeds  and investment earnings thereon, or from such other
13    receipts of the Agency  as  the  agreement  establishing  the
14    Agency  may authorize to be pledged to the payment of revenue
15    bonds or notes, all as and to the extent as provided  in  the
16    resolution of the Board of Directors authorizing the issuance
17    of the revenue bonds or notes.  Revenue bonds or notes issued
18    by  a  Municipal  Joint  Action Water Agency pursuant to this
19    paragraph (e) shall not constitute  an  indebtedness  of  the
20    Agency  or of any member municipality, public water district,
21    township, or county within the meaning of any  constitutional
22    or  statutory limitation.  It shall be plainly stated on each
23    revenue  bond  and  note  that  it  does  not  constitute  an
24    indebtedness of the Municipal Joint Action Water Agency or of
25    any member municipality, public water district, township,  or
26    county  within the meaning of any constitutional or statutory
27    limitation.
28        (ii)  If the Agreement so provides  and  subject  to  the
29    referendum  provided for in clause (iii) of this subparagraph
30    4 of this paragraph (e), the  Municipal  Joint  Action  Water
31    Agency  may borrow money for corporate purposes on the credit
32    of the Municipal Joint Action Water Agency, and issue general
33    obligation bonds therefor, in such amounts and  form  and  on
34    such  conditions  as it shall prescribe, but shall not become
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 1    indebted in any manner  or  for  any  purpose  in  an  amount
 2    including   existing  indebtedness  in  the  aggregate  which
 3    exceeds 5.75% of the aggregate value of the taxable  property
 4    within  the  boundaries  of the participating municipalities,
 5    public water districts, townships, and county  service  areas
 6    within  a  member  county determined by the governing body of
 7    the county by resolution to be served by the Municipal  Joint
 8    Action  Water  Agency  (including  any territory added to the
 9    Agency after the issuance of such general obligation  bonds),
10    collectively  defined as the "Service Area", as equalized and
11    assessed by the Department of Revenue and  as  most  recently
12    available  at the time of the issue of said bonds.  Before or
13    at  the  time  of  incurring  any  such  general   obligation
14    indebtedness,  the  Municipal Joint Action Water Agency shall
15    provide for the collection of  a  direct  annual  tax,  which
16    shall  be  unlimited  as to rate or amount, sufficient to pay
17    the interest on such debt as it falls due and also to pay and
18    discharge the principal thereof at maturity, which  shall  be
19    within  40  years  after the date of issue thereof.  Such tax
20    shall be levied upon and collected from all  of  the  taxable
21    property  within  the  territorial boundaries of such Service
22    Area at the time of the referendum  provided  for  in  clause
23    (iii) and shall be levied upon and collected from all taxable
24    property  within the boundaries of any territory subsequently
25    added to the Service Area.    Dissolution  of  the  Municipal
26    Joint  Action  Water  Agency for any reason shall not relieve
27    the taxable property within such Service Area from  liability
28    for such tax. Liability for such tax for property transferred
29    to  or released from such Service Area shall be determined in
30    the same manner as  for  general  obligation  bonds  of  such
31    county,   if   in   an   unincorporated  area,  and  of  such
32    municipality, if within the boundaries thereof.  The clerk or
33    other officer of the  Municipal  Joint  Action  Water  Agency
34    shall file a certified copy of the resolution or ordinance by
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 1    which  such bonds are authorized to be issued and such tax is
 2    levied with the County Clerk  or  Clerks  of  the  county  or
 3    counties  containing  the Service Area, and such filing shall
 4    constitute, without the doing of  any  other  act,  full  and
 5    complete  authority for such County Clerk or Clerks to extend
 6    such tax for collection upon all the taxable property  within
 7    the  Service Area subject to such tax in each and every year,
 8    as required, in amounts sufficient to pay  the  principal  of
 9    and interest on such bonds, as aforesaid, without limit as to
10    rate  or  amount.   Such  tax  shall be in addition to and in
11    excess of all other taxes authorized  to  be  levied  by  the
12    Municipal  Joint  Action  Water  Agency  or  by  such county,
13    municipality,  township,  or  public  water  district.    The
14    issuance of such general obligation bonds shall be subject to
15    the  other  provisions  of this paragraph (e), except for the
16    provisions of clause (i) of this subparagraph 4.
17        (iii)  No  issue  of  general  obligation  bonds  of  the
18    Municipal Joint Action Water Agency (except bonds  to  refund
19    an  existing  bonded indebtedness) shall be authorized unless
20    the  Municipal  Joint  Action  Water  Agency  certifies   the
21    proposition  of  issuing  such  bonds  to the proper election
22    authorities, who shall submit the proposition to  the  voters
23    in  the  Service  Area  at an election in accordance with the
24    general election law, and the proposition has  been  approved
25    by a majority of those voting on the proposition.
26        The  proposition  shall be substantially in the following
27    form:
28    -------------------------------------------------------------
29        Shall general obligation
30    bonds for the purpose of (state
31    purpose), in the sum not to
32    exceed $....(insert amount),                Yes
33    be issued by the .........           ------------------------
34    (insert corporate name of the               No
SB373 Engrossed             -13-               LRB9001778DNmb
 1    Municipal Joint Action Water
 2    Agency)?
 3    -------------------------------------------------------------
 4        5.  As long as any bonds or notes of  a  Municipal  Joint
 5    Action  Water Agency created pursuant to this Section 3.1 are
 6    outstanding and unpaid, the Agency  shall  not  terminate  or
 7    dissolve  and,  except  as  permitted  by  the  resolution or
 8    resolutions authorizing outstanding bonds or notes, no member
 9    municipality, public water district, township, or county  may
10    withdraw  from the Agency.  While any such bonds or notes are
11    outstanding, all contracts for  the  sale  of  water  by  the
12    Agency  to  member  municipalities,  public  water districts,
13    townships,  or  counties  shall  be  irrevocable  except   as
14    permitted  by  the resolution or resolutions authorizing such
15    bonds or notes.  The Agency shall establish fees and  charges
16    for its operations sufficient to provide adequate revenues to
17    meet  all  of  the requirements under its various resolutions
18    authorizing bonds or notes.
19        6.  A holder of any bond or note issued pursuant to  this
20    paragraph  (e)  may,  in  any civil action, mandamus or other
21    proceeding, enforce and  compel  performance  of  all  duties
22    required  to  be performed by the Agency or such counties, as
23    provided in the authorizing resolution,  or  by  any  of  the
24    public  agencies  contracting  with  the  Agency  to purchase
25    water, including the imposition  of  fees  and  charges,  the
26    collection  of sufficient revenues and the proper application
27    of revenues  as  provided  in  this  paragraph  (e)  and  the
28    levying, extension and collection of such taxes.
29        7.  In  addition, the resolution authorizing any bonds or
30    notes issued pursuant to this paragraph (e) may provide for a
31    pledge,  assignment,  lien  or  security  interest,  for  the
32    benefit of the holders of any or all bonds or  notes  of  the
33    Agency, (i) on any or all revenues derived from the operation
34    of  the  joint  waterworks  or water supply system (including
SB373 Engrossed             -14-               LRB9001778DNmb
 1    from contracts for the sale of water) and investment earnings
 2    thereon or (ii) on funds or accounts securing the payment  of
 3    the bonds or notes as provided in the authorizing resolution.
 4    In  addition,  such  a  pledge,  assignment, lien or security
 5    interest may be made with respect  to  any  receipts  of  the
 6    Agency which the agreement establishing the Agency authorizes
 7    it  to  apply  to payment of bonds or notes. Any such pledge,
 8    assignment, lien or security  interest  for  the  benefit  of
 9    holders of bonds or notes shall be valid and binding from the
10    time  the  bonds  or  notes  are issued, without any physical
11    delivery or further act, and shall be valid  and  binding  as
12    against  or prior to any claims of any other party having any
13    claims of any kind against the Agency irrespective of whether
14    such other parties have notice of  such  pledge,  assignment,
15    lien or security interest.
16        A   resolution   of   a   Municipal  Joint  Water  Agency
17    authorizing the issuance of bonds or notes pursuant  to  this
18    paragraph  (e) may provide for the appointment of a corporate
19    trustee with respect to any or all of  such  bonds  or  notes
20    (which  trustee may be any trust company or state or national
21    bank having the power of a trust  company  within  Illinois).
22    In  that  event,  the  resolution shall prescribe the rights,
23    duties and powers of the trustee  to  be  exercised  for  the
24    benefit  of  the  Agency and the protection of the holders of
25    such bonds or notes.  The  resolution  may  provide  for  the
26    trustee to hold in trust, invest and use amounts in funds and
27    accounts   created   as  provided  in  the  resolution.   The
28    resolution authorizing the bonds or notes may provide for the
29    assignment and direct payment to the trustee of amounts  owed
30    by public agencies to the Municipal Joint Action Water Agency
31    under water sales contracts for application by the trustee to
32    the  purposes  for  which  such  revenues  are  to be used as
33    provided in  this  paragraph  (e)  and  as  provided  in  the
34    authorizing  resolution.   Upon  receipt  of  notice  of such
SB373 Engrossed             -15-               LRB9001778DNmb
 1    assignment, the  public  agency  shall  thereafter  make  the
 2    assigned payments directly to such trustee.
 3        Nothing  in  this Section authorizes a Joint Action Water
 4    Agency to provide water service directly to residents  within
 5    a municipality or in territory within one mile or less of the
 6    corporate  limits  of  a  municipality that operates a public
 7    water supply unless the municipality has consented in writing
 8    to such service being provided.
 9    (Source: P.A. 87-1126.)
10        (5 ILCS 220/3.6) (from Ch. 127, par. 743.6)
11        Sec. 3.6.  (a) Any special  district  the  boundaries  of
12    which  are  exactly coterminous with, or entirely within, the
13    boundaries of  a  township  in  a  county  having  less  than
14    1,000,000  inhabitants may merge into and transfer all of its
15    rights, powers, duties,  liabilities  and  functions  to  the
16    township  as  provided  in  this  Section notwithstanding any
17    other provision of the law.
18        (b)  "Special district" means any  political  subdivision
19    other  than a county, municipality, township, school district
20    or community college district.
21        (c)  By resolution or ordinance the special district  may
22    petition  the  township for merger.  Within 30 days after the
23    adoption  of  such  resolution  or  ordinance,  the   special
24    district  shall  file  a  copy  of the petition with the town
25    clerk of the township and with the county clerk.
26        (d)  Within 60 days of the filing of  the  petition  with
27    the  town clerk the board of town trustees shall by ordinance
28    either agree or refuse to agree to the  merger.   Failure  of
29    the  board of town trustees to adopt such an ordinance within
30    the 60 days shall  constitute  a  refusal  to  agree  to  the
31    merger.
32        (e)  After  an  ordinance  is passed by the board of town
33    trustees agreeing to a merger, it  shall  be  published  once
SB373 Engrossed             -16-               LRB9001778DNmb
 1    within  30  days  after its passage in one or more newspapers
 2    published in the township or, if no  newspaper  is  published
 3    therein,  it  shall  be published in a newspaper published in
 4    the county in which  such  township  is  located  and  having
 5    general circulation within such township.  If no newspaper is
 6    published  in  the  county  having general circulation in the
 7    township, publication may be made instead by  posting  copies
 8    of  such  ordinance  in 10 public places within the township.
 9    The publication or posting of the ordinance shall  include  a
10    notice  of (1) the specific number of voters required to sign
11    a petition requesting that the  question  of  the  merger  be
12    submitted  to the voters of the township; (2) the time within
13    which the petition must be filed; and (3)  the  date  of  the
14    prospective  referendum.  The  township clerk shall provide a
15    petition form to any individual requesting one. The ordinance
16    shall  not  become  effective  until  30   days   after   its
17    publication or the date of such posting of such copies.
18        Whenever  a  petition  signed  by  the  electors  of  the
19    township  equal  in  number  to 10% or more of the registered
20    voters in the township  is  filed  with  the  board  of  town
21    trustees  thereof  which has adopted an ordinance agreeing to
22    merger and such petition has been filed  with  the  board  of
23    town   trustees  within  30 days after the publication or the
24    date of the posting of the copies which  petition  seeks  the
25    submission  of  such merger to an election, the board of town
26    trustees shall certify the question to  the  proper  election
27    officials  who  shall  submit  the question at an election in
28    accordance with the general election law.
29        Notwithstanding any other provision of this  Section,  on
30    and  after the effective date of this amendatory Act of 1997,
31    every publication or  posting  of  an  ordinance  under  this
32    Section  and  every  petition  filed  under this Section must
33    comply  with  the  provisions   of   this   paragraph.    The
34    publication  or  posting  shall  include  a notice of (i) the
SB373 Engrossed             -17-               LRB9001778DNmb
 1    specific  number  of  voters  required  to  sign  a  petition
 2    requesting the submission of the question  to  the  electors,
 3    (ii)  the  time  within which the petition must be filed, and
 4    (iii)  the  date  of   the   prospective   referendum.    The
 5    publication   or   posting   also   must  include  a  general
 6    description of the boundaries of the special district and the
 7    township, using easily recognized descriptions.  The petition
 8    must be signed by voters equal in number to 5% of  the  total
 9    number  of  voters  in  the  township  who  voted at the last
10    preceding general election at which electors of the President
11    and Vice-President of the United States  were  elected.   The
12    petition  must  be filed within 30 days after the publication
13    or posting.
14        The proposition shall be substantially in  the  following
15    form:
16    -------------------------------------------------------------
17        Shall (name of special           YES
18    district) be merged into         ----------------------------
19    ............. Township?              NO
20    -------------------------------------------------------------
21    If  the  boundaries  of the township and special district are
22    coterminous and a  majority  of  the  voters  voting  on  the
23    question shall favor merger, the special district shall merge
24    into the township.  If a majority of the voters voting on the
25    question  shall  not favor merger, the special district shall
26    not merge  into  the  township.  If  the  boundaries  of  the
27    township  and  special  district  are not coterminous, then a
28    majority of the  voters  voting  upon  the  question  in  the
29    special  district and a majority of the voters voting in that
30    portion of the township  that  is  not  included  within  the
31    special  district  must both favor the merger.  If a majority
32    of the voters residing in the special district or a  majority
33    of the voters voting in that portion of the townships that is
34    not  included  within  the  special district do not favor the
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 1    merger,  the  special  district  shall  not  merge  into  the
 2    township.
 3        (f)  The effective date of the merger shall be the  first
 4    day   of  January  of  the  year  immediately  following  the
 5    effective date of  the  ordinance  or  the  approval  by  the
 6    referendum as the case may be.
 7        (g)  If  the  board  of town trustees refuses to agree to
 8    the merger or if a majority  of  the  voters  voting  on  the
 9    question  shall  not  favor merger, then the special district
10    shall not file a petition for  merger  with  the  town  clerk
11    within 3 years after such refusal to agree or referendum.
12        (h)  Upon  the  effective date of the merger the township
13    shall assume and  succeed  to  all  of  the  rights,  powers,
14    duties,  liabilities  and  functions of the special district,
15    including assuming any indebtedness of the special  district,
16    and  the  special  district  shall  be dissolved and cease to
17    exist as a separate and distinct political  subdivision.   In
18    connection  with such rights, powers, duties, liabilities and
19    functions the township shall be subject to, governed  by  and
20    have  the  benefit  of  the  statutes,  as then or thereafter
21    amended,  and  laws  affecting  such  a   special   district,
22    including  without limitation the right to levy taxes in such
23    amounts as allowed to such a special district, but the  right
24    to  levy  taxes  shall  exist  only  within the area formerly
25    comprising such merged special district.  Upon the  effective
26    date  of  the  merger all books, records, equipment, property
27    and personnel held by, in the custody of or employed  by  the
28    special  district  shall be transferred to the township.  The
29    transfer shall not affect the status or  employment  benefits
30    of transferred personnel.
31    (Source: P.A. 89-150, eff. 7-14-95.)
32        Section  10.  The  Election  Code  is amended by changing
33    Section 28-2 as follows:
SB373 Engrossed             -19-               LRB9001778DNmb
 1        (10 ILCS 5/28-2) (from Ch. 46, par. 28-2)
 2        Sec. 28-2. (a)  Except  as  otherwise  provided  in  this
 3    Section,  petitions for the submission of public questions to
 4    referendum must be filed  with  the  appropriate  officer  or
 5    board not less than 78 days prior to a regular election to be
 6    eligible  for  submission on the ballot at such election; and
 7    petitions for the submission  of  a  question  under  Section
 8    18-120  of  the  Property  Tax  Code  must  be filed with the
 9    appropriate officer or board not more than 10 months nor less
10    than 6 months prior to the election at which such question is
11    to be submitted to the voters.
12        (b)  However, petitions for the submission  of  a  public
13    question   to  referendum  which  proposes  the  creation  or
14    formation of a political subdivision must be filed  with  the
15    appropriate  officer or board not less than 108 days prior to
16    a regular election to  be  eligible  for  submission  on  the
17    ballot at such election.
18        (c)  Resolutions  or  ordinances  of  governing boards of
19    political  subdivisions  which  initiate  the  submission  of
20    public questions pursuant to law must  be  adopted  not  less
21    than  65  days  before  a  regularly scheduled election to be
22    eligible for submission on the ballot at such election.
23        (d)  A petition, resolution or ordinance  initiating  the
24    submission  of  a  public  question  may  specify  a  regular
25    election  at  which the question is to be submitted, and must
26    so specify if the statute  authorizing  the  public  question
27    requires  submission  at  a  particular election. However, no
28    petition, resolution or ordinance initiating  the  submission
29    of  a  public  question,  other than a legislative resolution
30    initiating an amendment to the Constitution, may specify such
31    submission at an election more than one year after  the  date
32    on  which  it  is  filed  or  adopted,  as the case may be. A
33    petition,  resolution  or  ordinance  initiating   a   public
34    question  which  specifies a particular election at which the
SB373 Engrossed             -20-               LRB9001778DNmb
 1    question is to be submitted shall be so  limited,  and  shall
 2    not  be  valid  as  to  any  other  election,  other  than an
 3    emergency referendum ordered pursuant to Section 2A-1.4.
 4        (e)  If a petition initiating a public question does  not
 5    specify  a  regularly scheduled election, the public question
 6    shall be submitted to referendum at the next regular election
 7    occurring not less than 78  days  after  the  filing  of  the
 8    petition,  or  not  less  than 108 days after the filing of a
 9    petition for referendum to create  a  political  subdivision.
10    If  a  resolution  or  ordinance initiating a public question
11    does not specify a regularly scheduled election,  the  public
12    question shall be submitted to referendum at the next regular
13    election  occurring  not less than 65 days after the adoption
14    of the resolution or ordinance.
15        (f)  In the case of back door referenda, any  limitations
16    in  another  statute  authorizing  such  a  referendum  which
17    restrict  the  time  in  which the initiating petition may be
18    validly filed shall apply to such petition,  in  addition  to
19    the filing deadlines specified in this Section for submission
20    at  a  particular  election.   In  the  case of any back door
21    referendum, the publication of the ordinance or resolution of
22    the political subdivision shall include a notice of  (1)  the
23    specific  number  of  voters  required  to  sign  a  petition
24    requesting  that a public question be submitted to the voters
25    of the subdivision; (2) the time within  which  the  petition
26    must   be   filed;  and  (3)  the  date  of  the  prospective
27    referendum.   The  secretary  or  clerk  of   the   political
28    subdivision  shall  provide a petition form to any individual
29    requesting one. As used herein, a "back door  referendum"  is
30    the  submission  of  a  public  question  to  the voters of a
31    political subdivision, initiated by a petition of  voters  or
32    residents of such political subdivision, to determine whether
33    an  action by the governing body of such subdivision shall be
34    adopted or rejected.
SB373 Engrossed             -21-               LRB9001778DNmb
 1        Notwithstanding any other provision of this  Section,  on
 2    and  after the effective date of this amendatory Act of 1997,
 3    every publication or posting of an  ordinance  or  resolution
 4    under  this  Section  and  every  petition  filed  under this
 5    Section must comply with the provisions  of  this  paragraph.
 6    The  publication or posting shall include a notice of (i) the
 7    specific  number  of  voters  required  to  sign  a  petition
 8    requesting the submission of the question  to  the  electors,
 9    (ii)  the  time  within which the petition must be filed, and
10    (iii)  the  date  of  the  prospective  referendum.   If  the
11    ordinance or resolution is adopted by a political subdivision
12    other than a  county  or  municipality,  the  publication  or
13    posting  also  must  include  a  general  description  of the
14    boundaries  of  the  political  subdivision,   using   easily
15    recognized  descriptions.   The  petition  must  be signed by
16    voters equal in number to 5% of the total number of voters in
17    the political subdivision who voted  at  the  last  preceding
18    general  election  at  which  electors  of  the President and
19    Vice-President  of  the  United  States  were  elected.   The
20    petition must be filed within 30 days after  the  publication
21    or posting.
22        (g)  A  petition  for the incorporation or formation of a
23    new political subdivision whose officers are  to  be  elected
24    rather  than  appointed must have attached to it an affidavit
25    attesting that at least 108 days and no more  than  138  days
26    prior  to  such  election  notice  of  intention to file such
27    petition was published in a newspaper  published  within  the
28    proposed political subdivision, or if none, in a newspaper of
29    general  circulation  within  the  territory  of the proposed
30    political subdivision in substantially the following form:
31              NOTICE OF PETITION TO FORM A NEW........
32        Residents of the territory described below  are  notified
33    that  a  petition  will  or  has  been  filed  in  the Office
34    of............requesting  a   referendum   to   establish   a
SB373 Engrossed             -22-               LRB9001778DNmb
 1    new........, to be called the............
 2        *The officers of the new...........will be elected on the
 3    same  day  as  the  referendum.  Candidates for the governing
 4    board of the new......may file nominating petitions with  the
 5    officer named above until...........
 6        The  territory  proposed  to  comprise  the new........is
 7    described as follows:
 8             (description of territory included in petition)
 9             (signature)....................................
10             Name and address of person or persons proposing
11             the new political subdivision.
12        * Where applicable.
13        Failure to file such affidavit, or failure to publish the
14    required  notice  with  the  correct  information   contained
15    therein  shall  render  the petition, and any referendum held
16    pursuant to such petition, null and void.
17        Notwithstanding  the   foregoing   provisions   of   this
18    subsection  (g)  or  any  other  provisions of this Code, the
19    publication of notice  and  affidavit  requirements  of  this
20    subsection  (g)  shall  not apply to any petition filed under
21    Article 7A, 11A, 11B, or 11D of the School Code  nor  to  any
22    referendum  held  pursuant  to any such petition, and neither
23    any petition filed  under  any  of  those  Articles  nor  any
24    referendum  held  pursuant  to  any  such  petition  shall be
25    rendered null and void because of  the  failure  to  file  an
26    affidavit or publish a notice with respect to the petition or
27    referendum   as   required  under  this  subsection  (g)  for
28    petitions that are not filed under any of those  Articles  of
29    the School Code.
30    (Source: P.A. 87-185; 88-670, eff. 12-2-94.)
31        Section  15.   The Illinois Economic Development Area Tax
32    Increment Allocation Act is amended by changing Section 8  as
33    follows:
SB373 Engrossed             -23-               LRB9001778DNmb
 1        (20 ILCS 620/8) (from Ch. 67 1/2, par. 1008)
 2        Sec. 8.  Issuance of obligations for economic development
 3    project  costs.   Obligations  secured  by  the  special  tax
 4    allocation  fund provided for in Section 7 of this Act for an
 5    economic development project area may be  issued  to  provide
 6    for  economic  development  project costs. Those obligations,
 7    when so issued, shall be retired in the  manner  provided  in
 8    the  ordinance authorizing the issuance of the obligations by
 9    the receipts of taxes levied as specified  in  Section  6  of
10    this  Act  against  the  taxable  property  included  in  the
11    economic  development  project  area  and  by  other  revenue
12    designated  or  pledged  by the municipality.  A municipality
13    may in the ordinance pledge all or any part of the  funds  in
14    and  to  be  deposited  in  the  special  tax allocation fund
15    created pursuant to Section 7 of this Act to the  payment  of
16    the  economic  development  project  costs  and  obligations.
17    Whenever  a  municipality  pledges  all  of  the funds to the
18    credit of a special tax allocation fund to secure obligations
19    issued or to be issued to pay  economic  development  project
20    costs,  the  municipality may specifically provide that funds
21    remaining to the credit of such special tax  allocation  fund
22    after  the payment of such obligations shall be accounted for
23    annually and shall be deemed to be "surplus" funds, and  such
24    "surplus" funds shall be distributed as hereinafter provided.
25    Whenever  a  municipality pledges less than all of the monies
26    to the credit of a special  tax  allocation  fund  to  secure
27    obligations   issued   or   to  be  issued  to  pay  economic
28    development project costs,  the  municipality  shall  provide
29    that  monies to the credit of the special tax allocation fund
30    and not subject to such pledge  or  otherwise  encumbered  or
31    required  for payment of contractual obligations for specific
32    economic  development  project  costs  shall  be   calculated
33    annually  and shall be deemed to be "surplus" funds, and such
34    "surplus" funds shall be distributed as hereinafter provided.
SB373 Engrossed             -24-               LRB9001778DNmb
 1    All funds to the credit of  a  special  tax  allocation  fund
 2    which  are  deemed to be "surplus" funds shall be distributed
 3    annually within 180 days of the close of  the  municipality's
 4    fiscal  year  by being paid by the municipal treasurer to the
 5    county collector. The county collector shall thereafter  make
 6    distribution  to  the respective taxing districts in the same
 7    manner and proportion as the most recent distribution by  the
 8    county  collector  to those taxing districts of real property
 9    taxes from real property in the economic development  project
10    area.
11        Without  limiting  the  foregoing  in  this  Section  the
12    municipality  may,  in addition to obligations secured by the
13    special tax allocation fund, pledge for a period not  greater
14    than  the  term  of  the obligations towards payment of those
15    obligations any part or any combination of the following: (i)
16    net revenues of all  or  part  of  any  economic  development
17    project;  (ii)  taxes  levied  and  collected  on  any or all
18    property in the municipality, including, specifically,  taxes
19    levied  or  imposed  by the municipality in a special service
20    area pursuant to "An Act to provide the manner of levying  or
21    imposing taxes for the provision of special services to areas
22    within  the  boundaries  of home rule units and non-home rule
23    municipalities and counties", approved September 21, 1973, as
24    now or hereafter amended; (iii) the full faith and credit  of
25    the  municipality;  (iv)  a  mortgage  on  part or all of the
26    economic development project;  or  (v)  any  other  taxes  or
27    anticipated  receipts  that  the  municipality  may  lawfully
28    pledge.
29        Such  obligations  may  be  issued  in one or more series
30    bearing interest at such  rate  or  rates  as  the  corporate
31    authorities of the municipality shall determine by ordinance,
32    which  rate or rates may be variable or fixed, without regard
33    to any limitations contained in any  law  now  in  effect  or
34    hereafter  adopted.  Such obligations shall bear such date or
SB373 Engrossed             -25-               LRB9001778DNmb
 1    dates, mature at such time or times not  exceeding  20  years
 2    from  their  respective  dates,  but in no event exceeding 23
 3    years  from  the  date  of  establishment  of  the   economic
 4    development project area, be in such denomination, be in such
 5    form,  whether  coupon,  registered or book-entry, carry such
 6    registration, conversion and exchange privileges, be executed
 7    in such manner, be payable in such medium of payment at  such
 8    place  or  places  within  or  without the State of Illinois,
 9    contain such covenants, terms and conditions, be  subject  to
10    redemption  with or without premium, be subject to defeasance
11    upon such terms, and have such  rank  or  priority,  as  such
12    ordinance  shall provide. Obligations issued pursuant to this
13    Act may be sold at public or private sale at  such  price  as
14    shall  be  determined  by  the  corporate  authorities of the
15    municipalities. Such obligations may, but need not, be issued
16    utilizing the provisions of any one or more  of  the  omnibus
17    bond  Acts specified in Section 1.33 of "An Act to revise the
18    law  in  relation  to  the  construction  of  the  statutes",
19    approved March 5, 1874,  as  now  or  hereafter  amended.  No
20    referendum  approval  of  the electors shall be required as a
21    condition to the issuance of obligations pursuant to this Act
22    except as provided in this Section.
23        Whenever a municipality issues bonds for the  purpose  of
24    financing    economic    development   project   costs,   the
25    municipality may provide by ordinance for the appointment  of
26    a  trustee,  which may be any trust company within the State,
27    and for the establishment of the  funds  or  accounts  to  be
28    maintained  by  such  trustee  as the municipality shall deem
29    necessary to provide for the  security  and  payment  of  the
30    bonds.  If the municipality provides for the appointment of a
31    trustee,  the trustee shall be considered the assignee of any
32    payments  assigned  by  the  municipality  pursuant  to   the
33    ordinance  and this Section.  Any amounts paid to the trustee
34    as assignee shall be  deposited  in  the  funds  or  accounts
SB373 Engrossed             -26-               LRB9001778DNmb
 1    established  pursuant  to  the  trust agreement, and shall be
 2    held by the trustee in trust for the benefit of  the  holders
 3    of  the  bonds,  and  the  holders shall have a lien on and a
 4    security interest in those bonds or accounts so long  as  the
 5    bonds  remain outstanding and unpaid.  Upon retirement of the
 6    bonds, the trustee shall pay over any excess amounts held  to
 7    the  municipality  for  deposit in the special tax allocation
 8    fund.
 9        In the event the municipality authorizes the issuance  of
10    obligations  pursuant to the authority of this Act secured by
11    the full faith and credit of the municipality, or pledges  ad
12    valorem taxes pursuant to clause (ii) of the second paragraph
13    of this Section, which obligations are other than obligations
14    which  may  be  issued  under  home  rule  powers provided by
15    Article VII, Section 6 of the Illinois Constitution or  which
16    ad valorem taxes are other than ad valorem taxes which may be
17    pledged  under  home  rule  powers  provided  by Article VII,
18    Section 6 of the Illinois Constitution or which are levied in
19    a special service area pursuant to "An  Act  to  provide  the
20    manner  of  levying  or  imposing  taxes for the provision of
21    special services to areas within the boundaries of home  rule
22    units   and   non-home  rule  municipalities  and  counties",
23    approved September 21, 1973, as now or hereafter amended, the
24    ordinance authorizing the issuance of  those  obligations  or
25    pledging  those taxes shall be published within 10 days after
26    the ordinance has been adopted, in  one  or  more  newspapers
27    having  a  general  circulation within the municipality.  The
28    publication of the ordinance shall be accompanied by a notice
29    of (1) the specific number  of  voters  required  to  sign  a
30    petition  requesting  the  question  of  the  issuance of the
31    obligations or pledging such ad valorem taxes to be submitted
32    to the electors; (2) the time within which the petition  must
33    be  filed;  and  (3)  the date of the prospective referendum.
34    The municipal clerk shall provide  a  petition  form  to  any
SB373 Engrossed             -27-               LRB9001778DNmb
 1    individual requesting one.
 2        Notwithstanding  any  other provision of this Section, on
 3    and after the effective date of this amendatory Act of  1997,
 4    every  publication  or  posting  of  an  ordinance under this
 5    Section and every petition  filed  under  this  Section  must
 6    comply   with   the   provisions   of  this  paragraph.   The
 7    publication or posting shall include  a  notice  of  (i)  the
 8    specific  number  of  voters  required  to  sign  a  petition
 9    requesting  the  submission  of the question to the electors,
10    (ii) the time within which the petition must  be  filed,  and
11    (iii)  the  date  of the prospective referendum. The petition
12    must be signed by voters equal in number to 5% of  the  total
13    number  of  voters  in the municipality who voted at the last
14    preceding general election at which electors of the President
15    and Vice-President of the United States  were  elected.   The
16    petition  must  be filed within 30 days after the publication
17    or posting.
18        If no petition is filed  with  the  municipal  clerk,  as
19    hereinafter provided in this Section, within 30 21 days after
20    the  publication  of the ordinance, the ordinance shall be in
21    effect. However, if within that 30 21 day period  a  petition
22    is  filed  with  the  municipal  clerk,  signed  by  electors
23    numbering  not less than 15% of the number of electors voting
24    for the mayor or president  at  the  last  general  municipal
25    election,  asking  that  the  question of issuing obligations
26    using full faith and credit of the municipality  as  security
27    for  the  cost  of  paying  for  economic development project
28    costs, or of pledging such ad valorem taxes for  the  payment
29    of  those  obligations, or both, be submitted to the electors
30    of the municipality, the municipality shall not be authorized
31    to issue obligations of the municipality using the full faith
32    and credit of the municipality as security or  pledging  such
33    ad  valorem  taxes  for  the payment of those obligations, or
34    both,  until  the  proposition  has  been  submitted  to  and
SB373 Engrossed             -28-               LRB9001778DNmb
 1    approved  by  a  majority  of  the  voters  voting   on   the
 2    proposition   at   a   regularly   scheduled  election.   The
 3    municipality shall certify  the  proposition  to  the  proper
 4    election  authorities  for  submission in accordance with the
 5    general election law.
 6        The ordinance authorizing  the  obligations  may  provide
 7    that  the  obligations  shall contain a recital that they are
 8    issued  pursuant  to  this  Act,  which  recital   shall   be
 9    conclusive  evidence  of their validity and of the regularity
10    of their issuance.
11        In the event  the  municipality  authorizes  issuance  of
12    obligations  pursuant  to  this Act secured by the full faith
13    and credit of the municipality, the ordinance authorizing the
14    obligations may provide for the  levy  and  collection  of  a
15    direct  annual  tax  upon  all  taxable  property  within the
16    municipality sufficient to  pay  the  principal  thereof  and
17    interest thereon as it matures, which levy may be in addition
18    to and exclusive of the maximum of all other taxes authorized
19    to  be levied by the municipality, which levy, however, shall
20    be abated to the extent that monies from  other  sources  are
21    available for payment of the obligations and the municipality
22    certifies  the amount of those monies available to the county
23    clerk.
24        A certified copy of the ordinance shall be filed with the
25    county clerk of each county  in  which  any  portion  of  the
26    municipality  is situated, and shall constitute the authority
27    for the extension and collection of the taxes to be deposited
28    in the special tax allocation fund.
29        A municipality may also issue its obligations to  refund,
30    in  whole  or  in part, obligations theretofore issued by the
31    municipality under the authority of this Act, whether  at  or
32    prior   to  maturity.  However,  the  last  maturity  of  the
33    refunding obligations shall not be expressed to mature  later
34    than 23 years from the date of the ordinance establishing the
SB373 Engrossed             -29-               LRB9001778DNmb
 1    economic development project area.
 2        In the event a municipality issues obligations under home
 3    rule  powers  or other legislative authority, the proceeds of
 4    which are pledged to pay  for  economic  development  project
 5    costs,   the   municipality  may,  if  it  has  followed  the
 6    procedures  in  conformance  with  this  Act,  retire   those
 7    obligations  from funds in the special tax allocation fund in
 8    amounts and in such manner as if those obligations  had  been
 9    issued pursuant to the provisions of this Act.
10        No  obligations  issued  pursuant  to  this  Act shall be
11    regarded as indebtedness of the  municipality  issuing  those
12    obligations  or  any other taxing district for the purpose of
13    any limitation imposed by law.
14        Obligations issued pursuant to  this  Act  shall  not  be
15    subject  to  the  provisions  of  "An Act to authorize public
16    corporations to issue bonds, other evidences of  indebtedness
17    and  tax  anticipation  warrants  subject  to  interest  rate
18    limitations  set  forth  therein",  approved May 26, 1970, as
19    amended.
20    (Source: P.A. 86-38.)
21        Section 20.  The Local  Government  Debt  Reform  Act  is
22    amended by changing Section 15 as follows:
23        (30 ILCS 350/15) (from Ch. 17, par. 6915)
24        Sec. 15.  Double-barrelled bonds.  Whenever revenue bonds
25    have  been authorized to be issued pursuant to applicable law
26    or whenever there exists for a governmental  unit  a  revenue
27    source,  the procedures set forth in this Section may be used
28    by a governing body.  General obligation bonds may be  issued
29    in  lieu  of  such  revenue  bonds as authorized, and general
30    obligation bonds may  be  issued  payable  from  any  revenue
31    source.   Such general obligation bonds may be referred to as
32    "alternate bonds".  Alternate bonds may be issued without any
SB373 Engrossed             -30-               LRB9001778DNmb
 1    referendum or backdoor referendum except as provided in  this
 2    Section,  upon  the  terms provided in Section 10 of this Act
 3    without reference to other provisions of law, but  only  upon
 4    the  conditions  provided  in  this Section.  Alternate bonds
 5    shall not be regarded as or included in  any  computation  of
 6    indebtedness  for  the  purpose of any statutory provision or
 7    limitation except as expressly provided in this Section.
 8        Such conditions are:  (a) Alternate bonds shall be issued
 9    for a lawful corporate purpose.  If issued in lieu of revenue
10    bonds, alternate bonds shall be issued for the  purposes  for
11    which  such  revenue  bonds  shall  have been authorized.  If
12    issued  payable  from  a  revenue  source   in   the   manner
13    hereinafter  provided, which revenue source is limited in its
14    purposes or applications, then the alternate bonds  shall  be
15    issued  only  for  such  limited  purposes  or  applications.
16    Alternate  bonds may be issued payable from either enterprise
17    revenues or revenue sources, or both.
18        (b)  Alternate  bonds  shall  be  subject   to   backdoor
19    referendum.   The  provisions  of Section 5 of this Act shall
20    apply  to  such  backdoor  referendum,  together   with   the
21    provisions   hereof.   The  authorizing  ordinance  shall  be
22    published in  a  newspaper  of  general  circulation  in  the
23    governmental  unit.  Along with or as part of the authorizing
24    ordinance, there shall be  published  a  notice  of  (1)  the
25    specific  number  of  voters  required  to  sign  a  petition
26    requesting  that  the  issuance  of  the  alternate  bonds be
27    submitted to referendum, (2) the time when such petition must
28    be filed, (3) the date of  the  prospective  referendum,  and
29    (4),  with  respect  to  authorizing ordinances adopted on or
30    after January  1,  1991,  a  statement  that  identifies  any
31    revenue  source that will be used to pay the principal of and
32    interest on the alternate bonds.  The clerk or  secretary  of
33    the governmental unit shall make a petition form available to
34    anyone  requesting  one.   If  no  petition is filed with the
SB373 Engrossed             -31-               LRB9001778DNmb
 1    clerk or secretary within  30  days  of  publication  of  the
 2    authorizing  ordinance  and notice, the alternate bonds shall
 3    be authorized to be issued.   But  if  within  this  30  days
 4    period,  a  petition  is  filed  with such clerk or secretary
 5    signed by electors numbering the greater of (i) 7.5%  of  the
 6    registered  voters  in  the  governmental unit or (ii) 200 of
 7    those registered voters or 15% of  those  registered  voters,
 8    whichever is less, asking that the issuance of such alternate
 9    bonds  be  submitted  to  referendum,  the clerk or secretary
10    shall certify such question for  submission  at  an  election
11    held  in  accordance  with  the  general  election  law.  The
12    question  on  the  ballot  shall  include  a statement of any
13    revenue source that will be used to pay the principal of  and
14    interest on the alternate bonds. The alternate bonds shall be
15    authorized  to  be  issued if a majority of the votes cast on
16    the question at such election are in favor thereof.  Backdoor
17    referendum proceedings for bonds and alternate  bonds  to  be
18    issued  in  lieu  of  such bonds may be conducted at the same
19    time.
20        Notwithstanding any other provision of this  Section,  on
21    and  after the effective date of this amendatory Act of 1997,
22    every publication of an  ordinance  under  this  Section  and
23    every  petition filed under this Section must comply with the
24    provisions of this paragraph.  The publication shall  include
25    a  notice  of  (i)  the specific number of voters required to
26    sign a petition requesting the submission of the question  to
27    the electors, (ii) the time within which the petition must be
28    filed,  and (iii) the date of the prospective referendum.  If
29    the ordinance is adopted by a governmental unit other than  a
30    county  or municipality, the publication  also must include a
31    general description of the  boundaries  of  the  governmental
32    unit,  using  easily  recognized  descriptions.  The petition
33    must be signed by voters equal in number to 5% of  the  total
34    number  of  voters  in the governmental unit who voted at the
SB373 Engrossed             -32-               LRB9001778DNmb
 1    last preceding general election  at  which  electors  of  the
 2    President  and  Vice-President  of  the  United  States  were
 3    elected.  The petition must be filed within 30 days after the
 4    publication.
 5        (c)  To the extent payable from enterprise revenues, such
 6    revenues  shall have been determined by the governing body to
 7    be sufficient to provide for or pay in  each  year  to  final
 8    maturity  of  such alternate bonds all of the following:  (1)
 9    costs  of  operation  and  maintenance  of  the  utility   or
10    enterprise,  but not including depreciation, (2) debt service
11    on all outstanding revenue bonds payable from such enterprise
12    revenues, (3) all  amounts  required  to  meet  any  fund  or
13    account requirements with respect to such outstanding revenue
14    bonds,  (4)  other contractual or tort liability obligations,
15    if any, payable from such enterprise  revenues,  and  (5)  in
16    each year, an amount not less than 1.25 times debt service of
17    all (i) alternate bonds payable from such enterprise revenues
18    previously  issued  and  outstanding and (ii) alternate bonds
19    proposed to be issued.  To the extent  payable  from  one  or
20    more revenue sources, such sources shall have been determined
21    by  the governing body to provide in each year, an amount not
22    less than 1.25 times debt  service  of  all  alternate  bonds
23    payable  from  such  revenue  sources  previously  issued and
24    outstanding and alternate bonds proposed to be  issued.   The
25    conditions  enumerated in this subsection (c) need not be met
26    for that amount of debt service provided for by  the  setting
27    aside of proceeds of bonds or other moneys at the time of the
28    delivery of such bonds.
29        (d)  The  determination  of the sufficiency of enterprise
30    revenues  or  a  revenue  source,  as  applicable,  shall  be
31    supported by reference  to  the  most  recent  audit  of  the
32    governmental  unit,  which  shall be for a fiscal year ending
33    not earlier than 18 months previous to the time  of  issuance
34    of  the  alternate  bonds.  If such audit does not adequately
SB373 Engrossed             -33-               LRB9001778DNmb
 1    show  such  enterprise  revenues  or   revenue   source,   as
 2    applicable, or if such enterprise revenues or revenue source,
 3    as  applicable,  are  shown  to  be  insufficient,  then  the
 4    determination of sufficiency shall be supported by the report
 5    of  an independent accountant or feasibility analyst having a
 6    national  reputation   for   expertise   in   such   matters,
 7    demonstrating   the   sufficiency   of   such   revenues  and
 8    explaining, if appropriate, by what means the  revenues  will
 9    be  greater  than  as  shown  in  the  audit.   Whenever such
10    sufficiency is demonstrated by reference  to  a  schedule  of
11    higher  rates  or charges for enterprise revenues or a higher
12    tax imposition for  a  revenue  source,  such  higher  rates,
13    charges  or  taxes  shall  have  been  properly imposed by an
14    ordinance adopted prior to the time of delivery of  alternate
15    bonds.   The  reference  to  and  acceptance  of  an audit or
16    report, as the case may be,  and  the  determination  of  the
17    governing  body as to sufficiency of enterprise revenues or a
18    revenue  source  shall  be  conclusive  evidence   that   the
19    conditions  of  this  Section  have  been  met  and  that the
20    alternate bonds are valid.
21        (e)  The  enterprise  revenues  or  revenue  source,   as
22    applicable,  shall  be  in fact pledged to the payment of the
23    alternate bonds; and the governing body  shall  covenant,  to
24    the  extent it is empowered to do so, to provide for, collect
25    and apply such enterprise  revenues  or  revenue  source,  as
26    applicable,  to  the  payment  of the alternate bonds and the
27    provision of not less  than  an  additional  .25  times  debt
28    service.   The  pledge  and establishment of rates or charges
29    for enterprise revenues, or the  imposition  of  taxes  in  a
30    given  rate  or  amount,  as  provided  in  this  Section for
31    alternate bonds, shall constitute a continuing obligation  of
32    the  governmental  unit with respect to such establishment or
33    imposition and a  continuing  appropriation  of  the  amounts
34    received.   All covenants relating to alternate bonds and the
SB373 Engrossed             -34-               LRB9001778DNmb
 1    conditions  and  obligations  imposed  by  this  Section  are
 2    enforceable by any bondholder of  alternate  bonds  affected,
 3    any  taxpayer of the governmental unit, and the People of the
 4    State of Illinois acting through the Attorney General or  any
 5    designee, and in the event that any such action results in an
 6    order finding that the governmental unit has not properly set
 7    rates  or  charges  or  imposed  taxes  to  the  extent it is
 8    empowered to  do  so  or  collected  and  applied  enterprise
 9    revenues or any revenue source, as applicable, as required by
10    this  Act,  the plaintiff in any such action shall be awarded
11    reasonable  attorney's  fees.   The  intent  is   that   such
12    enterprise  revenues  or revenue source, as applicable, shall
13    be sufficient and shall be applied to  the  payment  of  debt
14    service  on  such  alternate  bonds so that taxes need not be
15    levied, or if levied need not be extended, for such  payment.
16    Nothing  in  this  Section  shall  inhibit  or  restrict  the
17    authority  of a governing body to determine the lien priority
18    of any bonds, including alternate bonds, which may be  issued
19    with respect to any enterprise revenues or revenue source.
20        In  the event that alternate bonds shall have been issued
21    and taxes, other than a designated revenue source, shall have
22    been extended pursuant to the general obligation, full  faith
23    and  credit promise supporting such alternate bonds, then the
24    amount of such alternate  bonds  then  outstanding  shall  be
25    included   in   the   computation   of  indebtedness  of  the
26    governmental unit for purposes of all statutory provisions or
27    limitations until such time as an audit of  the  governmental
28    unit  shall show that the alternate bonds have been paid from
29    the enterprise revenues or  revenue  source,  as  applicable,
30    pledged thereto for a complete fiscal year.
31        Alternate bonds may be issued to refund or advance refund
32    alternate  bonds  without  meeting  any of the conditions set
33    forth in this Section, except that the term of the  refunding
34    bonds shall not be longer than the term of the refunded bonds
SB373 Engrossed             -35-               LRB9001778DNmb
 1    and  that  the  debt  service  payable  in  any  year  on the
 2    refunding bonds shall not exceed the debt service payable  in
 3    such year on the refunded bonds.
 4        Once  issued, alternate bonds shall be and forever remain
 5    until  paid  or  defeased  the  general  obligation  of   the
 6    governmental  unit,  for  the payment of which its full faith
 7    and credit are pledged, and shall be payable from the levy of
 8    taxes as is provided  in  this  Act  for  general  obligation
 9    bonds.
10        The  changes  made  by this amendatory Act of 1990 do not
11    affect the validity of bonds authorized before  September  1,
12    1990.
13    (Source: P.A. 85-1419; 86-1179.)
14        Section 25.  The Property Tax Code is amended by changing
15    Section 18-120 as follows:
16        (35 ILCS 200/18-120)
17        Sec.  18-120.  Increase  or decrease of rate limit.  This
18    Sec. applies  only  to  rates  which  are  specifically  made
19    subject  to  increase or decrease according to the referendum
20    provisions of  the  General  Revenue  Law  of  Illinois.  The
21    question  of establishing a maximum tax rate limit other than
22    that applicable to the next  taxes  to  be  extended  may  be
23    presented  to  the  legal  voters  of  any taxing district by
24    resolution  of  the  corporate  authorities  of  the   taxing
25    district  at  any  regular  election.   Whenever  any  taxing
26    district  establishes  a  maximum  tax  rate  lower than that
27    otherwise applicable,  it  shall  publish  the  ordinance  or
28    resolution  establishing  the maximum tax rate in one or more
29    newspapers in the district within 10 days after  the  maximum
30    tax  rate is established. If no newspaper is published in the
31    district, the ordinance or resolution shall be published in a
32    newspaper having general  circulation  within  the  district.
SB373 Engrossed             -36-               LRB9001778DNmb
 1    The  publication of the ordinance or resolution shall include
 2    a notice of (a) the specific number  of  voters  required  to
 3    sign  a petition requesting that the question of the adoption
 4    of the maximum tax rate be submitted to  the  voters  of  the
 5    district;  (b)  the  time  within  which the petition must be
 6    filed; and (c) the date of the prospective  referendum.   The
 7    district  clerk or secretary shall provide a petition form to
 8    any individual requesting one.
 9        Either in response to the taxing  district's  publication
10    or   by   the   voters'   own  initiative,  the  question  of
11    establishing a maximum tax rate lower  than  that  in  effect
12    shall  be  submitted  to the voters of any taxing district at
13    the regular election for officers of the taxing  district  in
14    accordance  with  the  general  election law, but only if the
15    voters have submitted a petition signed by not fewer than 10%
16    of the legal voters in the taxing district.  That  percentage
17    shall  be   based  on  the  number  of votes cast at the last
18    general election preceding the filing of the  petition.   The
19    petition  shall  specify  the  tax rate to be submitted.  The
20    petition shall be filed with the clerk,  secretary  or  other
21    recording  officer  of  the  taxing district not more than 10
22    months nor less than 6 months prior to the election at  which
23    the  question  is  to  be  submitted  to  the voters, and its
24    validity shall be  determined  as  provided  by  the  general
25    election  law.  The  officer  receiving  the  petition  shall
26    certify  the  question  to the proper election officials, who
27    shall submit the question to the voters.
28        Notice shall be given  in  the  manner  provided  by  the
29    general election law.
30        Notwithstanding  any  other provision of this Section, on
31    and after the effective date of this amendatory Act of  1997,
32    every  publication  or  posting of an ordinance or resolution
33    under this  Section  and  every  petition  filed  under  this
34    Section  must  comply  with the provisions of this paragraph.
SB373 Engrossed             -37-               LRB9001778DNmb
 1    The publication or posting shall include a notice of (i)  the
 2    specific  number  of  voters  required  to  sign  a  petition
 3    requesting  the  submission  of the question to the electors,
 4    (ii) the time within which the petition must  be  filed,  and
 5    (iii)  the  date  of  the  prospective  referendum.   If  the
 6    ordinance is adopted by a taxing district other than a county
 7    or municipality, the publication or posting also must include
 8    a  general  description  of  the  boundaries  of  the  taxing
 9    district, using easily recognized descriptions.  The petition
10    must  be  signed by voters equal in number to 5% of the total
11    number of voters in the taxing district who voted at the last
12    preceding general election at which electors of the President
13    and Vice-President of the United States  were  elected.   The
14    petition  must  be filed within 30 days after the publication
15    or posting.
16    (Source: P.A. 86-1253; 88-455.)
17        Section 30.  The Counties Code  is  amended  by  changing
18    Sections  5-15006,  5-23023, 5-38008, 6-3003, 6-3007, 6-3012,
19    6-4007, and 6-4008 as follows:
20        (55 ILCS 5/5-15006) (from Ch. 34, par. 5-15006)
21        Sec. 5-15006. Exercise of powers.  The powers granted  in
22    this  Division  relative  to  waterworks systems and sewerage
23    systems shall be exercised only in areas which  do  not  have
24    available  similar  services provided by another governmental
25    unit, unless requested by such governmental unit pursuant  to
26    an  ordinance  or  a resolution passed by its governing body.
27    After such ordinance or resolution has been adopted it  shall
28    be  published  at  least once in a newspaper having a general
29    circulation in such governmental unit. The publication of the
30    ordinance or resolution shall be accompanied by a  notice  of
31    the (1) specific number of voters required to sign a petition
32    requesting the question of the exercise of such powers by the
SB373 Engrossed             -38-               LRB9001778DNmb
 1    county  within  such governmental unit to be submitted to the
 2    electors; (2) the time in which such petition must be  filed;
 3    and  (3) the date of the prospective referendum. The clerk of
 4    the governmental unit shall provide a petition  form  to  any
 5    individual requesting one.
 6        Notwithstanding  any  other provision of this Section, on
 7    and after the effective date of this amendatory Act of  1997,
 8    every  publication  or  posting of an ordinance or resolution
 9    under this  Section  and  every  petition  filed  under  this
10    Section  must  comply  with the provisions of this paragraph.
11    The publication or posting shall include a notice of (i)  the
12    specific  number  of  voters  required  to  sign  a  petition
13    requesting  the  submission  of the question to the electors,
14    (ii) the time within which the petition must  be  filed,  and
15    (iii)   the   date   of   the  prospective  referendum.   The
16    publication  or  posting  also   must   include   a   general
17    description of the boundaries of the governmental unit, using
18    easily  recognized descriptions.  The petition must be signed
19    by voters equal in number to 5% of the total number of voters
20    in the governmental unit who  voted  at  the  last  preceding
21    general  election  at  which  electors  of  the President and
22    Vice-President  of  the  United  States  were  elected.   The
23    petition must be filed within 30 days after  the  publication
24    or posting.
25        If   no   petition  is  filed  with  the  clerk  of  such
26    governmental unit, as hereinafter provided in  this  section,
27    within  15  days  after  the  publication of the ordinance or
28    resolution, the ordinance or resolution shall  be  in  effect
29    after  the  expiration  of  that 15-day period, but if within
30    that 15-day period a petition is filed with the clerk of  the
31    governmental unit, signed by 300 legal voters or by one fifth
32    of  all  the  legal  voters residing within the limits of the
33    governmental  unit,  whichever  is  less,  asking  that   the
34    question  of the exercise of such powers by the county within
SB373 Engrossed             -39-               LRB9001778DNmb
 1    such governmental unit,  as  provided  in  the  ordinance  or
 2    resolution,   be   submitted  to  the  legal  voters  of  the
 3    governmental unit, the governing  body  of  the  governmental
 4    unit,  by  ordinance,  shall  provide for a referendum within
 5    such governmental unit on the question  of  the  exercise  of
 6    such  powers  therein  by the county. The clerk shall certify
 7    the ordinance or resolution and the question  to  the  proper
 8    election  officials  who  shall  submit the proposition at an
 9    election  in  accordance  with  the  general  election   law.
10    However,  an  incidental  duplication  of functions shall not
11    impair or prevent the primary exercise of the  powers  herein
12    conferred.
13        Any county exercising the powers granted by this Division
14    relative to waste management, shall do so only after adopting
15    a  solid  waste  management plan as that term is described in
16    the Local Solid Waste  Disposal  Act,  as  now  or  hereafter
17    amended.   All  powers,  other  than  those relative to water
18    works systems and sewerage systems granted by this  Division,
19    may  be  exercised  throughout the county, without exception;
20    provided that a municipality which is located in  2  or  more
21    counties,  one  of  which  is  a  home  rule  county, may, by
22    ordinance, sever itself from county jurisdiction relative  to
23    waste  management  if  the  municipality  is  a  member  of a
24    Municipal Joint Action Agency formed prior to June  15,  1988
25    pursuant  to Section 3.2 of the Intergovernmental Cooperation
26    Act.
27    (Source: P.A. 86-962.)
28        (55 ILCS 5/5-23023) (from Ch. 34, par. 5-23023)
29        Sec.  5-23023.   Bond  maturity  limitation   referendum.
30    Before any such county shall be authorized to issue bonds, as
31    in  this  Division  provided,  having  a  maturity later than
32    January first of  the  second  calendar  year  following  the
33    period   of   years   for   which  such  additional  tax  for
SB373 Engrossed             -40-               LRB9001778DNmb
 1    tuberculosis sanitarium purposes  was  voted  (which  January
 2    first  of such year is hereafter referred to as the "maturity
 3    limitation heretofore mentioned"):
 4             (a)  The County Board shall adopt  a  resolution  of
 5        determination  to  construct  or  improve  a tuberculosis
 6        sanitarium and  declare  its  intention  to  issue  bonds
 7        therefor.  Said  resolution shall set forth the amount of
 8        bonds proposed to be issued and provide  that  notice  of
 9        intention  to issue such bonds be published at least once
10        in a newspaper published and having a general circulation
11        in such county if there be one, or, if there be  no  such
12        newspaper,  then  such notice shall be posted in at least
13        three  public  places  in  such  county.  The  notice  of
14        intention to issue bonds as herein provided  shall  state
15        the  purpose  for  which bonds are to be issued, the date
16        upon which the resolution of intention was adopted by the
17        County Board, the amount of bonds to be issued, the  time
18        within   which   a   petition  may  be  filed  requesting
19        submission to the legal voters  of  such  county  of  the
20        proposition  to  issue  the bonds, the specific number of
21        voters required to sign the petition and the date of  the
22        prospective  referendum. The county clerk shall provide a
23        petition form to any individual requesting one.
24             (b)  If, within 30 days after publication or posting
25        of such notice, a petition is filed with the County Clerk
26        signed by voters of the county numbering 10% or  more  of
27        the  registered  voters of the county requesting that the
28        proposition to issue said bonds  as  authorized  by  this
29        Division be submitted to the legal voters of such county,
30        then  such  county  shall not be authorized to issue said
31        bonds until the proposition has  been  submitted  to  and
32        approved  by a majority of the legal voters voting on the
33        proposition at a regular election. The  number  of  legal
34        voters  shall  be determined from the total votes cast at
SB373 Engrossed             -41-               LRB9001778DNmb
 1        the last preceding election held in said county  for  the
 2        election  of  county  officers.   The  county board shall
 3        certify the resolution and the proposition to the  proper
 4        election  officials,  who shall submit the proposition at
 5        an election in accordance with the general election law.
 6        If no petition for referendum with the  requisite  number
 7    of  signatures  is  filed within the time herein provided, it
 8    shall  not  be  necessary  for  the  County  Board  to  cause
 9    submission to the legal voters of such county the question of
10    issuing such bonds.
11        Notwithstanding any other provision of this  Section,  on
12    and  after the effective date of this amendatory Act of 1997,
13    every publication or  posting  of  a  resolution  under  this
14    Section  and  every  petition  filed  under this Section must
15    comply  with  the  provisions   of   this   paragraph.    The
16    publication  or  posting  shall  include  a notice of (i) the
17    specific  number  of  voters  required  to  sign  a  petition
18    requesting the submission of the question  to  the  electors,
19    (ii)  the  time  within which the petition must be filed, and
20    (iii) the date of the prospective referendum.   The  petition
21    must  be  signed by voters equal in number to 5% of the total
22    number of  voters  in  the  county  who  voted  at  the  last
23    preceding general election at which electors of the President
24    and  Vice-President  of  the United States were elected.  The
25    petition must be filed within 30 days after  the  publication
26    or posting.
27    (Source: P.A. 86-962; 87-767.)
28        (55 ILCS 5/5-38008) (from Ch. 34, par. 5-38008)
29        Sec.  5-38008.  Annual tax levy.  An annual tax of not to
30    exceed .04%, or the rate limit in effect  on  July  1,  1967,
31    whichever  is greater, of the value, as equalized or assessed
32    by the Department of Revenue, of all taxable property  within
33    each  county  which  has  established a public county library
SB373 Engrossed             -42-               LRB9001778DNmb
 1    service may be assessed, levied and collected by that  county
 2    in   the   manner  provided  for  the  assessment,  levy  and
 3    collection of other taxes for county purposes.
 4        Such tax rate may be increased in excess of .04% but  not
 5    in  excess  of .08% of the value, as equalized or assessed by
 6    the Department of  Revenue  under  the  following  terms  and
 7    conditions.   Prior to the levy and collection of such a tax,
 8    the county board shall adopt  a  resolution  authorizing  the
 9    levy  and  collection  of  the tax at a rate not in excess of
10    .08% of the value of all taxable property within  the  county
11    as  equalized  or assessed by the Department of Revenue, and,
12    within fifteen days after the adoption of such a  resolution,
13    it shall be published once in a newspaper published or having
14    a  general  circulation in the county. The publication of the
15    resolution shall include a notice of (1) the specific  number
16    of  voters  required  to  sign a petition requesting that the
17    question of the adoption of the resolution  be  submitted  to
18    the  electors  of  the  county;  (2)  the  time  in which the
19    petition must be filed; and (3) the date of  the  prospective
20    referendum.   The  county clerk shall provide a petition form
21    to any individual requesting one.
22        If no petition is filed  in  the  office  of  the  county
23    clerk,  as  hereinafter  provided  in this Section, within 30
24    days after the publication of the resolution, or if all  such
25    petitions   so   filed   are  determined  to  be  invalid  or
26    insufficient, the resolution shall be  in  effect.   But,  if
27    within  that  30 day period a petition is filed in the office
28    of the county clerk, signed by electors  numbering  not  less
29    than 5% of the number of electors residing within the county,
30    asking  that  the question of levying and collecting such tax
31    be submitted to the electors of the county, the  board  shall
32    certify  that  question to the proper election officials, who
33    shall submit the question at an election in  accordance  with
34    the  general  election law.  If a majority of electors voting
SB373 Engrossed             -43-               LRB9001778DNmb
 1    upon the question voted in favor of the levy  and  collection
 2    of  the tax provided for, such county shall be authorized and
 3    empowered to levy and collect such tax  annually,  but  if  a
 4    majority  of the electors voting upon the question are not in
 5    favor thereof, the resolution shall not take effect.
 6        Notwithstanding any other provision of this  Section,  on
 7    and  after the effective date of this amendatory Act of 1997,
 8    every publication or  posting  of  a  resolution  under  this
 9    Section  and  every  petition  filed  under this Section must
10    comply  with  the  provisions   of   this   paragraph.    The
11    publication  or  posting  shall  include  a notice of (i) the
12    specific  number  of  voters  required  to  sign  a  petition
13    requesting the submission of the question  to  the  electors,
14    (ii)  the  time  within which the petition must be filed, and
15    (iii) the date of the prospective referendum.   The  petition
16    must  be  signed by voters equal in number to 5% of the total
17    number of  voters  in  the  county  who  voted  at  the  last
18    preceding general election at which electors of the President
19    and  Vice-President  of  the United States were elected.  The
20    petition must be filed within 30 days after  the  publication
21    or posting.
22        Such  tax  rate may be increased to not to exceed .20% of
23    the value, as equalized or  assessed  by  the  Department  of
24    Revenue, if the voters in such county shall so determine by a
25    majority  of those voting upon the proposition at any regular
26    election. The  proposition  shall  be  in  substantially  the
27    following form:
28    -------------------------------------------------------------
29        Shall the  annual tax  rate for
30    county library purposes in......        YES
31    County be increased from not to
32    exceed (insert present maximum      -------------------------
33    rate) to not to exceed .20% of
34    the assessed value of all taxable       NO
SB373 Engrossed             -44-               LRB9001778DNmb
 1    property within the county?
 2    -------------------------------------------------------------
 3        Any  such  tax  authorized  by  the  voters  shall not be
 4    included within any constitutional  or  statutory  limitation
 5    for  county  purposes, but shall be excluded therefrom and be
 6    in addition thereto and  in  excess  thereof.  The  foregoing
 7    limitations  upon  tax  rates  may  be increased or decreased
 8    under the referendum provisions of the General Revenue Law of
 9    Illinois.
10    (Source: P.A. 86-962.)
11        (55 ILCS 5/6-3003) (from Ch. 34, par. 6-3003)
12        Sec. 6-3003.  Petition  for  referendum;  election.   The
13    publication or posting of the resolution shall be accompanied
14    by  a notice of (1) the specific number of voters required to
15    sign a petition requesting the question of issuing bonds  for
16    the  purpose  of  obtaining  funds  to  construct, expand, or
17    remodel a county jail and sheriff's residence to be submitted
18    to the electors; (2) the time in which such petition must  be
19    filed;  and  (3) the date of the prospective referendum.  The
20    county clerk shall provide a petition form to any  individual
21    requesting  one. If a petition is filed with the county clerk
22    not later than 30 days after the  first  publication  or  the
23    posting  of  the  resolution,  signed by voters of the county
24    numbering 10% or more of the number of the registered  voters
25    in  the  county, requesting such clerk to call an election to
26    vote upon the proposition of issuing bonds for the purpose of
27    obtaining funds to construct, expand,  or  remodel  a  county
28    jail  and  sheriff's  residence, it shall be the duty of such
29    county  clerk  to  certify  the  proposition  to  the  proper
30    election officials, who shall submit the  proposition to  the
31    voters at an election in accordance with the general election
32    law.
33        Notwithstanding  any  other provision of this Section, on
SB373 Engrossed             -45-               LRB9001778DNmb
 1    and after the effective date of this amendatory Act of  1997,
 2    every  publication  or  posting  of  a  resolution under this
 3    Section and every petition  filed  under  this  Section  must
 4    comply   with   the   provisions   of  this  paragraph.   The
 5    publication or posting shall include  a  notice  of  (i)  the
 6    specific  number  of  voters  required  to  sign  a  petition
 7    requesting  the  submission  of the question to the electors,
 8    (ii) the time within which the petition must  be  filed,  and
 9    (iii)  the  date of the prospective referendum.  The petition
10    must be signed by voters equal in number to 5% of  the  total
11    number  of  voters  in  the  county  who  voted  at  the last
12    preceding general election at which electors of the President
13    and Vice-President of the United States  were  elected.   The
14    petition  must  be filed within 30 days after the publication
15    or posting.
16        The proposition shall be substantially in  the  following
17    form:
18    -------------------------------------------------------------
19        Shall..... county issue bonds               YES
20    in the amount of $.... to construct,  -----------------------
21    expand, or remodel a county jail                NO
22    and sheriff's residence?
23    -------------------------------------------------------------
24        If  a  majority  of  the voters voting upon the aforesaid
25    proposition vote in favor of it, the bonds may be  issued  by
26    such  county, but if a majority of the voters voting upon the
27    proposition vote against said proposition the county may  not
28    issue  bonds  for  the purpose of constructing, expanding, or
29    remodeling a county jail and sheriff's  residence  under  the
30    provisions of this Division.
31    (Source:  P.A.  87-767;  88-572,  eff.  8-11-94; 88-661, eff.
32    9-16-94.)
33        (55 ILCS 5/6-3007) (from Ch. 34, par. 6-3007)
SB373 Engrossed             -46-               LRB9001778DNmb
 1        Sec.  6-3007.  Publication  of  resolution.   After   the
 2    resolution  of the county board providing for the issuance of
 3    bonds has been adopted, it shall be published in one or  more
 4    newspapers  of  general  circulation in the county, once each
 5    week for three weeks.  If there is no  newspaper  of  general
 6    circulation  in  the  county,  then  copies of the resolution
 7    shall be posted in at least five of the most public places in
 8    the county seat of the county.  The publication or posting of
 9    the resolution shall include a notice  of  (1)  the  specific
10    number  of voters required to sign a petition requesting that
11    the question of the adoption of the resolution  be  submitted
12    to  the  voters  of  the  county;  (2)  the time in which the
13    petition must be filed; and (3) the date of  the  prospective
14    referendum.   The  county clerk shall provide a petition form
15    to any individual requesting one.
16        Notwithstanding any other provision of this  Section,  on
17    and  after the effective date of this amendatory Act of 1997,
18    every publication or  posting  of  a  resolution  under  this
19    Section    must comply with the provisions of this paragraph.
20    The publication or posting shall include a notice of (i)  the
21    specific  number  of  voters  required  to  sign  a  petition
22    requesting  the  submission  of the question to the electors,
23    (ii) the time within which the petition must  be  filed,  and
24    (iii) the date of the prospective referendum.
25    (Source: P.A. 86-962.)
26        (55 ILCS 5/6-3012) (from Ch. 34, par. 6-3012)
27        Sec.  6-3012.  Petition  for referendum. If a petition is
28    filed with the county clerk not later than 30 days after  the
29    first publication or the posting of the resolution, signed by
30    voters  of the county numbering 10% or more of the registered
31    voters in such county, requesting an election  to  vote  upon
32    the proposition of issuing bonds for the purpose of obtaining
33    funds to construct a county jail and sheriff's residence, the
SB373 Engrossed             -47-               LRB9001778DNmb
 1    county  clerk  shall  certify  the  proposition to the proper
 2    election officials, who shall submit the proposition  to  the
 3    voters at an election in accordance with the general election
 4    law.
 5        Notwithstanding  any  other provision of this Section, on
 6    and after the effective date of this amendatory Act of  1997,
 7    every  petition filed under this Section must comply with the
 8    provisions of this paragraph. The petition must be signed  by
 9    voters equal in number to 5% of the total number of voters in
10    the  county  who voted at the last preceding general election
11    at which electors of the President and Vice-President of  the
12    United  States  were  elected.   The  petition  must be filed
13    within 30 days after the publication or posting.
14        The ballot shall be substantially in the following form:
15    -------------------------------------------------------------
16        Shall .... county issue bonds            YES
17    in the amount of .....  to construct   ----------------------
18    a county jail?                               NO
19    -------------------------------------------------------------
20        If a majority of the voters  voting  upon  the  aforesaid
21    proposition  vote  in favor of it, the bonds may be issued by
22    such county, but if a majority of the voters voting upon  the
23    proposition  vote against the proposition, the county may not
24    issue bonds for the purpose of  constructing  a  county  jail
25    under the provisions of this Division.
26    (Source: P.A. 86-962; 87-767.)
27        (55 ILCS 5/6-4007) (from Ch. 34, par. 6-4007)
28        Sec.   6-4007.   Publication  of  resolution.  After  the
29    resolution  of   the   county   board   providing   for   the
30    establishment of an annual levy has been adopted, it shall be
31    published  in  some  newspaper  of general circulation in the
32    county, once each week for 3 weeks.  If there is no newspaper
SB373 Engrossed             -48-               LRB9001778DNmb
 1    of general circulation in the  county,  then  copies  of  the
 2    resolution  shall  be posted in at least 5 of the most public
 3    places in the county seat of the county.
 4        The  publication  or  posting  of  the  resolution  shall
 5    include a  notice  of  (1)  the  specific  number  of  voters
 6    required  to  sign a petition requesting that the question of
 7    the adoption of the tax levy be submitted to  the  voters  of
 8    the  county;  (2)  the time within which the petition must be
 9    filed; and (3) the date of the prospective  referendum.   The
10    county  clerk shall provide a petition form to any individual
11    requesting one.
12        Notwithstanding any other provision of this  Section,  on
13    and  after the effective date of this amendatory Act of 1997,
14    every publication or  posting  of  a  resolution  under  this
15    Section  must  comply  with the provisions of this paragraph.
16    The publication or posting shall include a notice of (i)  the
17    specific  number  of  voters  required  to  sign  a  petition
18    requesting  the  submission  of the question to the electors,
19    (ii) the time within which the petition must  be  filed,  and
20    (iii) the date of the prospective referendum.
21    (Source: P.A. 86-962; 86-1253.)
22        (55 ILCS 5/6-4008) (from Ch. 34, par. 6-4008)
23        Sec.  6-4008.  Petition  for referendum. If a petition is
24    filed with the county clerk not later than 28 days after  the
25    first publication or the posting of the resolution, signed by
26    not  less  than 5% of the number of legal voters who voted at
27    the last general election in such county, requesting that the
28    question of establishing an annual tax levy for  the  purpose
29    of  obtaining  funds  to  construct, reconstruct or remodel a
30    courthouse be submitted to the electors of  the  county,  the
31    county  clerk  shall  certify  the  question  to  the  proper
32    election   officials  for  submission  at  the  next  regular
33    scheduled election in accordance with  the  general  election
SB373 Engrossed             -49-               LRB9001778DNmb
 1    law.
 2        Notwithstanding  any  other provision of this Section, on
 3    and after the effective date of this amendatory Act of  1997,
 4    every  petition filed under this Section must comply with the
 5    provisions of this paragraph. The petition must be signed  by
 6    voters equal in number to 5% of the total number of voters in
 7    the  county  who voted at the last preceding general election
 8    at which electors of the President and Vice-President of  the
 9    United  States  were  elected.   The  petition  must be filed
10    within 30 days after the publication or posting.
11        The question shall  be  substantially  in  the  following
12    form:
13    -------------------------------------------------------------
14        Shall .............. county issue bond     YES
15    in the amount of $........ to construct   -------------------
16    (or reconstruct or remodel a courthouse)?      NO
17    -------------------------------------------------------------
18        The  election  shall  be conducted in accordance with the
19    general election law, at the nonpartisan election in 1981.
20        If a majority of the voters  voting  upon  the  aforesaid
21    question vote in favor of it, the bonds may be issued by such
22    county,  but  if  a  majority  of  the voters voting upon the
23    question vote against the question the county may  not  issue
24    bonds  for  the  purpose  of constructing, reconstructing, or
25    remodeling  a  courthouse  under  the  provisions   of   this
26    Division.
27    (Source: P.A. 86-962.)
28        Section 35.  The County Economic Development Project Area
29    Property  Tax Allocation Act is amended by changing Section 8
30    as follows:
31        (55 ILCS 85/8) (from Ch. 34, par. 7008)
32        Sec. 8.  Issuance of obligations for economic development
SB373 Engrossed             -50-               LRB9001778DNmb
 1    project  costs.  Obligations  secured  by  the  special   tax
 2    allocation  fund  provided  for  in Section 7 for an economic
 3    development  project  area  may  be  issued  to  provide  for
 4    economic development project costs.  Those obligations,  when
 5    so  issued,  shall  be  retired in the manner provided in the
 6    ordinance authorizing the issuance of the obligations by  the
 7    receipts  of  taxes  levied as specified in Section 6 against
 8    the taxable property included  in  the  economic  development
 9    project  area  and by other revenues designated or pledged by
10    the county.  A county may in the ordinance pledge all or  any
11    part  of  the funds in and to be deposited in the special tax
12    allocation fund created pursuant to Section 7 to the  payment
13    of  the  economic  development project costs and obligations.
14    Whenever a county pledges all of the funds to the credit of a
15    special tax allocation fund to secure obligations  issued  or
16    to  be  issued to pay economic development project costs, the
17    county may specifically provide that funds remaining  to  the
18    credit  of such special tax allocation fund after the payment
19    of such obligations shall be accounted for annually and shall
20    be deemed to be "surplus" funds,  and  such  "surplus"  funds
21    shall  be  distributed  as  hereinafter provided.  Whenever a
22    county pledges less than all of the monies to the credit of a
23    special tax allocation fund to secure obligations  issued  or
24    to  be  issued to pay economic development project costs, the
25    county shall provide that monies to the credit of  a  special
26    tax  allocation  fund  and  not  subject  to  such  pledge or
27    otherwise encumbered or required for payment  of  contractual
28    obligations  for specified economic development project costs
29    shall be calculated  annually  and  shall  be  deemed  to  be
30    "surplus"   funds,   and   such   "surplus"  funds  shall  be
31    distributed as hereinafter provided.  All funds to the credit
32    of a special tax allocation  fund  which  are  deemed  to  be
33    "surplus" funds shall be distributed annually within 180 days
34    after  the close of the county's fiscal year by being paid by
SB373 Engrossed             -51-               LRB9001778DNmb
 1    the county treasurer to the  county  collector.   The  county
 2    collector   shall   thereafter   make   distribution  to  the
 3    respective taxing districts in the same manner and proportion
 4    as the most recent distribution by the  county  collector  to
 5    those  taxing  districts  of  real  property  taxes from real
 6    property in the economic development project area.
 7        Without limiting the foregoing in this Section the county
 8    may, in addition to obligations secured by  the  special  tax
 9    allocation  fund,  pledge  for  a period not greater than the
10    term of the obligations towards payment of those  obligations
11    any  part  or  any  combination  of  the  following:  (i) net
12    revenues of all or part of any economic development  project;
13    (ii) taxes levied and collected on any or all property in the
14    county,  including,  specifically, taxes levied or imposed by
15    the county in a special service area pursuant to "An  Act  to
16    provide  the  manner  of  levying  or  imposing taxes for the
17    provision of special services to areas within the  boundaries
18    of  home  rule  units  and  non-home  rule municipalities and
19    counties", approved September 21, 1973; (iii) the full  faith
20    and  credit  of the county; (iv) a mortgage on part or all of
21    the economic development project; or (v) any other  taxes  or
22    anticipated receipts that the county may lawfully pledge.
23        Such  obligations  may  be  issued  in one or more series
24    bearing interest at such  rate  or  rates  as  the  corporate
25    authorities of the county shall determine by ordinance, which
26    rate or rates may be variable or fixed, without regard to any
27    limitations  contained  in any law now in effect or hereafter
28    adopted.  Such obligations shall bear  such  date  or  dates,
29    mature  at  such  time  or  times not exceeding 20 years from
30    their respective dates, but in no event  exceeding  23  years
31    from  the  date  of establishment of the economic development
32    project area, be in  such  denomination,  be  in  such  form,
33    whether   coupon,   registered   or  book-entry,  carry  such
34    registration, conversion and exchange privileges, be executed
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 1    in such manner, be payable in such medium of payment at  such
 2    place  or  places  within  or  without the State of Illinois,
 3    contain such covenants, terms and conditions, be  subject  to
 4    redemption  with or without premium, be subject to defeasance
 5    upon such terms, and have such  rank  or  priority,  as  such
 6    ordinance shall provide.  Obligations issued pursuant to this
 7    Act  may  be  sold at public or private sale at such price as
 8    shall be determined  by  the  corporate  authorities  of  the
 9    counties.   Such  obligations  may,  but  need not, be issued
10    utilizing the provisions of any one or more  of  the  omnibus
11    bond  Acts specified in Section 1.33 of "An Act to revise the
12    law  in  relation  to  the  construction  of  the  statutes",
13    approved March 5, 1874,  as  such  term  is  defined  in  the
14    Statute  on Statutes.  No referendum approval of the electors
15    shall  be  required  as  a  condition  to  the  issuance   of
16    obligations  pursuant  to this Act except as provided in this
17    Section.
18        In the event the county (i) authorizes  the  issuance  of
19    obligations pursuant to the authority of this Act and secured
20    by  the  full  faith and credit of the county or (ii) pledges
21    taxes levied and collected on any  or  all  property  in  the
22    county,  which  obligations  or  taxes are not obligations or
23    taxes authorized under home rule powers pursuant to Section 6
24    of Article VII of the Illinois Constitution of 1970,  or  are
25    not  obligations or taxes authorized under "An Act to provide
26    the manner of levying or imposing taxes for the provision  of
27    special  services to areas within the boundaries of home rule
28    units  and  non-home  rule  municipalities   and   counties",
29    approved  September  21,  1973, the ordinance authorizing the
30    issuance of those obligations or pledging those  taxes  shall
31    be  published  within  10  days  after the ordinance has been
32    adopted,  in  one  or  more  newspapers  having   a   general
33    circulation  within  the  county.   The  publication  of  the
34    ordinance  shall  be  accompanied  by  a  notice  of  (1) the
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 1    specific  number  of  voters  required  to  sign  a  petition
 2    requesting the questions of the issuance of  the  obligations
 3    or pledging ad valorem taxes to be submitted to the electors;
 4    (2) the time within which the petition must be filed; and (3)
 5    the  date  of  the  prospective referendum.  The county clerk
 6    shall provide a petition form to  any  individual  requesting
 7    one.
 8        Notwithstanding  any  other provision of this Section, on
 9    and after the effective date of this amendatory Act of  1997,
10    every  petition filed under this Section must comply with the
11    provisions of this paragraph. The petition must be signed  by
12    voters equal in number to 5% of the total number of voters in
13    the  county  who voted at the last preceding general election
14    at which electors of the President and Vice-President of  the
15    United  States  were  elected.   The  petition  must be filed
16    within 30 days after the publication or posting.
17        If no  petition  is  filed  with  the  county  clerk,  as
18    hereinafter provided in this Section, within 30 21 days after
19    the  publication  of the ordinance, the ordinance shall be in
20    effect.  However, if within that 30 21 day period a  petition
21    is  filed with the county clerk, signed by electors numbering
22    not less than 5% of the number of legal voters who  voted  at
23    the  last  general  election  in such county, asking that the
24    question of issuing obligations  using  the  full  faith  and
25    credit  of  the county as security for the cost of paying for
26    economic development project costs, or of pledging ad valorem
27    taxes for the payment  of  those  obligations,  or  both,  be
28    submitted to the electors of the county, the county shall not
29    be  authorized  to  issue obligations of the county using the
30    full faith and credit of the county as security  or  pledging
31    ad  valorem  taxes  for  the payment of those obligations, or
32    both,  until  the  proposition  has  been  submitted  to  and
33    approved  by  a  majority  of  the  voters  voting   on   the
34    proposition  at  a  regularly scheduled election.  The county
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 1    shall  certify  the  proposition  to  the   proper   election
 2    authorities  for  submission  in  accordance with the general
 3    election law.
 4        The ordinance authorizing  the  obligations  may  provide
 5    that  the  obligations  shall contain a recital that they are
 6    issued  pursuant  to  this  Act,  which  recital   shall   be
 7    conclusive  evidence  of their validity and of the regularity
 8    of their issuance.
 9        In  the  event  the   county   authorizes   issuance   of
10    obligations  pursuant  to  this Act secured by the full faith
11    and credit of  the  county,  the  ordinance  authorizing  the
12    obligations  may  provide  for  the  levy and collection of a
13    direct annual tax upon all taxable property within the county
14    sufficient to pay the principal thereof and interest  thereon
15    as it matures, which levy may be in addition to and exclusive
16    of  the maximum of all other taxes authorized to be levied by
17    the county, which levy,  however,  shall  be  abated  to  the
18    extent  that  monies  from  other  sources  are available for
19    payment of the  obligations  and  the  county  certifies  the
20    amount of those monies available to the county clerk.
21        A certified copy of the ordinance shall be filed with the
22    county  clerk  and  shall  constitute  the  authority for the
23    extension and collection of the taxes to be deposited in  the
24    special tax allocation fund.
25        A  county  may  also  issue its obligations to refund, in
26    whole or in  part,  obligations  theretofore  issued  by  the
27    county  under  the authority of this Act, whether at or prior
28    to maturity.  However, the last  maturity  of  the  refunding
29    obligations  shall  not  be expressed to mature later than 23
30    years  from  the  date  of  the  ordinance  establishing  the
31    economic development project area.
32        In the event a county issues obligations under home  rule
33    powers    and    other   legislative   authority,   including
34    specifically, "An Act to provide the  manner  of  levying  or
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 1    imposing  taxes  for  the  provisions  of special services to
 2    areas within the boundaries of home rule units  and  non-home
 3    rule  municipalities  and  counties",  approved September 21,
 4    1973, the proceeds of which are pledged to pay  for  economic
 5    development project costs, the county may, if it has followed
 6    the  procedures  in  conformance  with this Act, retire those
 7    obligations from funds in the special tax allocation fund  in
 8    amount  and  in  such manner as if those obligations had been
 9    issued pursuant to the provisions of this Act.
10        No obligations issued  pursuant  to  this  Act  shall  be
11    regarded   as   indebtedness  of  the  county  issuing  those
12    obligations for the purpose of any limitation imposed by law.
13        Obligations issued pursuant to  this  Act  shall  not  be
14    subject  to  the  provisions  of  "An Act to authorize public
15    corporations to issue bonds, other evidences of  indebtedness
16    and  tax  anticipation  warrants  subject  to  interest  rate
17    limitations set forth therein", approved May 26, 1979.
18    (Source: P.A. 86-1388.)
19        Section 40.  The County Economic Development Project Area
20    Tax  Increment  Allocation Act of 1991 is amended by changing
21    Section 55 as follows:
22        (55 ILCS 90/55) (from Ch. 34, par. 8055)
23        Sec.  55.    Issuance   of   obligations   for   economic
24    development project costs.
25        (a)  Obligations  secured  by  the special tax allocation
26    fund provided for in Section 50 for the economic  development
27    project  area  may  be  issued  to provide for the payment of
28    economic development project costs.   The  obligations,  when
29    issued,  shall  be  retired  in  the  manner  provided in the
30    ordinance authorizing the issuance of the obligations by  the
31    receipts  of  taxes levied as specified in Section 45 against
32    the taxable property included  in  the  economic  development
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 1    project  area  and  by other revenue designated or pledged by
 2    the county.  A county may in the ordinance pledge all or  any
 3    part  of  the  monies in and to be deposited into the special
 4    tax allocation fund created under Section 50 to  the  payment
 5    of  the  economic  development project costs and obligations.
 6    Whenever a county pledges all of the monies to the credit  of
 7    a special tax allocation fund to secure obligations issued or
 8    to  be  issued to pay economic development project costs, the
 9    county may specifically provide that monies remaining to  the
10    credit  of  the special tax allocation fund after the payment
11    of the obligations shall be accounted for annually and  shall
12    be  deemed to be "surplus" monies, and those "surplus" monies
13    shall be distributed as provided in this Section.  Whenever a
14    county pledges less than all of the monies to the  credit  of
15    the  special tax allocation fund to secure obligations issued
16    or to be issued to pay economic  development  project  costs,
17    the  county  shall  provide  that monies to the credit of the
18    special tax allocation fund and not subject to the pledge  or
19    otherwise  encumbered  or required for payment of contractual
20    obligations for specific economic development  project  costs
21    shall  be  calculated  annually  and  shall  be  deemed to be
22    "surplus"  monies,  and  those  "surplus"  monies  shall   be
23    distributed  as  provided in this Section.  All monies to the
24    credit of the special tax allocation fund that are deemed  to
25    be  "surplus" monies shall be distributed annually within 180
26    days after the close of the county's  fiscal  year  by  being
27    paid  by  the  county treasurer to the county collector.  The
28    county collector shall thereafter make  distribution  to  the
29    respective taxing districts in the same manner and proportion
30    as  the  most  recent distribution by the county collector to
31    those taxing districts  of  real  property  taxes  from  real
32    property in the economic development project area.
33        (b)  Without  limiting  the provisions of subsection (a),
34    the county may, in addition to  obligations  secured  by  the
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 1    special tax allocation fund, pledge (for a period not