SB2073ham003 97TH GENERAL ASSEMBLY

Rep. Jack D. Franks

Filed: 5/29/2011

09700SB2073ham003 LRB097 06332 HLH 56506 a

AMENDMENT TO SENATE BILL 2073

AMENDMENT NO. ______. Amend Senate Bill 2073, AS AMENDED, with reference to page and line numbers of House Amendment No. 1, on page 2, line 20, after "statement", by inserting ", prepared by the municipality or county,"; and

on page 3, by replacing line 23 with the following: "containing no owner-occupied residential property, the estimated rates shall be"; and

on page 3, line 24, after "of", by inserting "all"; and

on page 3, line 25, after "area", by inserting "for the year preceding the levy year"; and

on page 3, line 26, after "containing", by inserting "owner-occupied"; and

on page 4, by replacing lines 1 through 10 with the following" "estimated rates shall be applied separately to: (i) the median equalized assessed value of owner-occupied residential property within the proposed special service area for the year preceding the levy year and (ii) the median equalized assessed value of all other property within the proposed special service area for the year preceding the levy year. For purposes of this Section, "owner-occupied residential property" means property for which at least one of the homestead exemptions enumerated in Article 15 of this Code has been applied in the year preceding the levy year.

This subsection (i) does not apply to a proposed special service area containing only property that is platted and subdivided for residential use that does not yet contain owner-occupied residential property."; and

by replacing everything from line 20 on page 4 through line 3 on page 5 with the following: "Sections 27-30 and 27-35. A levy in an amount greater than 105% of the amount extended for the preceding levy year for the special service area may be extended only if notice is given and a public hearing is held in accordance with Sections 27-30 and 27-35.".