Rep. Jack D. Franks

Filed: 5/29/2011

 

 


 

 


 
09700SB2073ham003LRB097 06332 HLH 56506 a

1
AMENDMENT TO SENATE BILL 2073

2    AMENDMENT NO. ______. Amend Senate Bill 2073, AS AMENDED,
3with reference to page and line numbers of House Amendment No.
41, on page 2, line 20, after "statement", by inserting ",
5prepared by the municipality or county,"; and
 
6on page 3, by replacing line 23 with the following:
7"containing no owner-occupied residential property, the
8estimated rates shall be"; and
 
9on page 3, line 24, after "of", by inserting "all"; and
 
10on page 3, line 25, after "area", by inserting "for the year
11preceding the levy year"; and
 
12on page 3, line 26, after "containing", by inserting
13"owner-occupied"; and
 

 

 

09700SB2073ham003- 2 -LRB097 06332 HLH 56506 a

1on page 4, by replacing lines 1 through 10 with the following"
2"estimated rates shall be applied separately to: (i) the median
3equalized assessed value of owner-occupied residential
4property within the proposed special service area for the year
5preceding the levy year and (ii) the median equalized assessed
6value of all other property within the proposed special service
7area for the year preceding the levy year. For purposes of this
8Section, "owner-occupied residential property" means property
9for which at least one of the homestead exemptions enumerated
10in Article 15 of this Code has been applied in the year
11preceding the levy year.
12    This subsection (i) does not apply to a proposed special
13service area containing only property that is platted and
14subdivided for residential use that does not yet contain
15owner-occupied residential property."; and
 
16by replacing everything from line 20 on page 4 through line 3
17on page 5 with the following:
18"Sections 27-30 and 27-35. A levy in an amount greater than
19105% of the amount extended for the preceding levy year for the
20special service area may be extended only if notice is given
21and a public hearing is held in accordance with Sections 27-30
22and 27-35.".