House Sponsors: MOORE,ANDREA. Short description: BONDS-PUBLIC BUILDING COMMISSN Synopsis of Bill as introduced: 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. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status