(60 ILCS 1/207-35)
Sec. 207-35.
Extension of tax levy.
If bonds are issued under this
Article and a
property tax is levied, the tax shall be extended by the county clerk in the
township
special service area in the manner provided by Articles 1 through 26 of the Property Tax
Code based on equalized assessed values as established under Articles 1 through 26 of
the Property Tax Code, and billed and collected in the manner provided by Articles 1
through 26 of the Property Tax Code. The township clerk shall file with the county clerk
and also with the county recorder a certified copy of the ordinance creating the special
service area; a list of the special services to be provided; the boundaries of the special
service area by complete legal description and by an accurate map; a list of the property
index numbers of the parcels within the township special service area; the maximum
amount of bonds to be issued and the period of time over which the bonds will
be retired.
The corporate authorities of the township may levy taxes in the township
special service
area prior to the date the levy must be filed with the county clerk, for the
same year in
which the information required in this Section is filed with the county clerk.
In addition,
the corporate authorities shall file a certified copy of each ordinance levying
ad valorem
taxes to retire the bonds in accordance with the time requirement to levy for
bonds
specified in the
Local Government Debt Reform Act.
(Source: P.A. 90-798, eff. 12-15-98.)
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