91st General Assembly
Status of HB3923
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   30 ILCS 350/3             from Ch. 17, par. 6903                            
   30 ILCS 350/15            from Ch. 17, par. 6915                            
   30 ILCS 350/15.01                                                           
   35 ILCS 200/18-185                                                          
   50 ILCS 20/3              from Ch. 85, par. 1033                            
   50 ILCS 20/18             from Ch. 85, par. 1048                            

        Amends the Local Government Debt Reform Act.  Provides that, as a      
   revenue source for alternate  bonds,  any  unit  of  local  government      
   having a public building commission lease rental base is authorized to      
   levy  a  public  building  commission  lease rental base alternate tax      
   levy.  Provides that alternate bonds supported  by  the  levy  may  be      
   issued  for  any  lawful  corporate  purpose  of  the  unit  of  local      
   government.   Amends  the Property Tax Extension Limitation Law in the      
   Property Tax Code.  Provides that, for taxing districts to  which  the      
   law  applied before the 1995 levy year, "aggregate extension" excludes      
   certain special purpose extensions  related  to  the  public  building      
   commission  lease  rental base.  Amends the Public Building Commission      
   Act.  Provides that the governing  body  of  a  municipal  corporation      
   having  taxing  power  that enters into a lease with a public building      
   commission shall, if applicable, provide for the levy  and  collection      
   of a direct annual tax in the amount of the public building commission      
   lease  rental  base  levied  for  the  lease.   Makes  other  changes.      
   Effective immediately.                                                      
   00-01-26  H  FILED WITH CLERK                                               
   00-01-26  H  FIRST READING                                                  
   00-01-26  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   01-01-09  H  SESSION SINE DIE                                               


 Full Text  Bill Summary