PEN CD-ART 3&4-FINANCING-LEVY House SponsorsRep. Karen May 1/11/2011HouseSession Sine Die 40 ILCS 5/3-125from Ch. 108 1/2, par. 3-12540 ILCS 5/4-118from Ch. 108 1/2, par. 4-118 Amends the Downstate Police and Downstate Firefighter Articles of the Illinois Pension Code. Provides that, for the 2-year period consisting of taxable years 2010 and 2011, the city council or the board of trustees of the municipality shall annually levy a tax upon all the taxable property of the municipality at the rate on the dollar that will produce an amount for that 2-year period that is the lesser of: (i) the amount levied for taxable year 2009 multiplied by 1.1 or (ii) an amount that, when added to the deductions from the salaries or wages of police officers and firefighters and revenues available from other sources, will equal a sum sufficient to meet the annual actuarial requirements of the pension funds. Effective immediately. 2/3/2010HouseFiled with the Clerk by Rep. Karen May 2/3/2010HouseFirst Reading 2/3/2010HouseReferred to Rules Committee 2/22/2010HouseAssigned to Personnel and Pensions Committee 3/15/2010HouseRule 19(a) / Re-referred to Rules Committee 1/11/2011HouseSession Sine Die