(65 ILCS 95/4.1)
(from Ch. 24, par. 1604.1)
(a) If the creation of an existing home equity program was initiated by
petition and if a precinct was excluded from the territory because the
requisite number of signatures was not obtained as provided in subsection
(a) of Section 4, the excluded precinct may be added to the territory of
the program as provided in this Section if the excluded precinct is
contiguous to the existing program.
(a-5) Upon the filing of a petition signed by the requisite number of
registered voters of a precinct that is contiguous to an existing home equity
program, the precinct may be added to the territory of
the program as provided in this Section.
(b) If a petition signed by not less than 10% of the total number of
registered voters of the precinct is filed with the proper election
authority, and if the governing commission consents, by ordinance or
resolution, to adding the excluded precinct to the territory of the
program, the election authority shall submit the question of adding the
excluded precinct to the territory of the program to the electors of the
excluded precinct at the regular election specified in the petition. The
petition shall be filed and objections made, and the referendum shall be
conducted, as provided in the general election law. The petition and the
question submitted to referendum shall describe the precinct, identify the
program to which the precinct is proposed to be added, and state the
maximum rate at which the program shall be authorized to levy a property tax,
which rate shall be the same as the existing maximum rate for the program.
(c) If a majority of the electors of the precinct voting on the question
are in favor of adding the precinct to the program, the precinct shall be
part of the territory of the program.
(Source: P.A. 88-658, eff. 1-1-95.)