Public Act 93-0279

SB320 Enrolled                       LRB093 03995 EFG 04034 b

    AN ACT in relation to the Metropolitan Water  Reclamation
District.

    Be  it  enacted  by  the People of the State of Illinois,
represented in the General Assembly:

    Section 5.  The Metropolitan Water  Reclamation  District
Act is amended by changing Section 9.6a as follows:

    (70 ILCS 2605/9.6a) (from Ch. 42, par. 328.6a)
    Sec.  9.6a.  The  corporate  authorities  of  a  sanitary
district,   in  order  to  provide  funds  required  for  the
replacing, remodeling, completing, altering, constructing and
enlarging  of  sewage  treatment  works  or   flood   control
facilities,   and   additions   therefor,  pumping  stations,
tunnels, conduits, intercepting  sewers  and  outlet  sewers,
together   with   the   equipment,  including  air  pollution
equipment, and appurtenances thereto,  to  acquire  property,
real,  personal  or  mixed,  necessary for said purposes, for
costs and expenses for  the  acquisition  of  the  sites  and
rights-of-way necessary thereto, and for engineering expenses
for designing and supervising the construction of such works,
may  issue on or before December 31, 2016, in addition to all
other obligations heretofore  or  herein  authorized,  bonds,
notes or other evidences of indebtedness for such purposes in
an aggregate amount at any one time outstanding not to exceed
3.35%  of  the  equalized  assessed  valuation of all taxable
property within the sanitary district, to be  ascertained  by
the last assessment for State and local taxes previous to the
issuance  of any such obligations.  Such obligations shall be
issued without submitting the question of  such  issuance  to
the legal voters of such sanitary district for approval.
    The  corporate  authorities  may sell such obligations at
private or  public  sale  and  enter  into  any  contract  or
agreement   necessary,   appropriate  or  incidental  to  the
exercise of  the  powers  granted  by  this  Act,  including,
without  limitation, contracts or agreements for the sale and
purchase of such obligations and the  payment  of  costs  and
expenses incident thereto.  The corporate authorities may pay
such  costs  and  expenses,  in  whole  or  in part, from the
corporate fund.
    Such obligations shall be issued from time to  time  only
in  amounts  as  may  be  required  for such purposes but the
amount of such obligations issued during any one budget  year
shall not exceed $150,000,000 $100,000,000 plus the amount of
any  obligations  authorized  by this Act to be issued during
the 3 budget years next preceding the year  of  issuance  but
which   were   not   issued,  provided,  however,  that  this
limitation  shall  not  be  applicable  to  the  issuance  of
obligations to refund bonds,  notes  or  other  evidences  of
indebtedness,  nor  to  obligations issued to provide for the
repayment of money received from the Water Pollution  Control
Revolving  Fund  for the construction or repair of wastewater
treatment works.  Each ordinance authorizing the issuance  of
the  obligations  shall state the general purpose or purposes
for  which  they  are  to  be  issued,  and   the   corporate
authorities  may  at  any  time  thereafter pass supplemental
appropriations ordinances appropriating the proceeds from the
sale of such obligations for such purposes.
    The corporate authorities may issue bonds, notes or other
evidences of indebtedness in an amount necessary  to  provide
funds  to  refund  outstanding obligations issued pursuant to
this  Section,  including  interest  accrued  or  to   accrue
thereon.
(Source: P.A. 92-726, eff. 7-25-02.)

    Section  99.  Effective date.  This Act takes effect upon
becoming law.

Effective Date: 7/22/2003