Public Act 098-0654
 
SB3425 EnrolledLRB098 17160 JLK 52247 b

    AN ACT concerning local government.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Municipal Code is amended by
changing Section 8-4-1 as follows:
 
    (65 ILCS 5/8-4-1)  (from Ch. 24, par. 8-4-1)
    Sec. 8-4-1. No bonds shall be issued by the corporate
authorities of any municipality until the question of
authorizing such bonds has been submitted to the electors of
that municipality provided that notice of the bond referendum,
if held before July 1, 1999, has been given in accordance with
the provisions of Section 12-5 of the Election Code in effect
at the time of the bond referendum, at least 10 and not more
than 45 days before the date of the election, notwithstanding
the time for publication otherwise imposed by Section 12-5, and
approved by a majority of the electors voting upon that
question. Notices required in connection with the submission of
public questions on or after July 1, 1999 shall be as set forth
in Section 12-5 of the Election Code. The clerk shall certify
the proposition of the corporate authorities to the proper
election authority who shall submit the question at an election
in accordance with the general election law, subject to the
notice provisions set forth in this Section.
    Notice of any such election shall contain the amount of the
bond issue, purpose for which issued, and maximum rate of
interest.
    In addition to all other authority to issue bonds, the
Village of Indian Head Park is authorized to issue bonds for
the purpose of paying the costs of making roadway improvements
in an amount not to exceed the aggregate principal amount of
$2,500,000, provided that 60% of the votes cast at the general
primary election held on March 18, 2014 are cast in favor of
the issuance of the bonds, and the bonds are issued by December
31, 2014.
    However, without the submission of the question of issuing
bonds to the electors, the corporate authorities of any
municipality may authorize the issuance of any of the following
bonds:
        (1) Bonds to refund any existing bonded indebtedness;
        (2) Bonds to fund or refund any existing judgment
    indebtedness;
        (3) In any municipality of less than 500,000
    population, bonds to anticipate the collection of
    installments of special assessments and special taxes
    against property owned by the municipality and to
    anticipate the collection of the amount apportioned to the
    municipality as public benefits under Article 9;
        (4) Bonds issued by any municipality under Sections
    8-4-15 through 8-4-23, 11-23-1 through 11-23-12, 11-25-1
    through 11-26-6, 11-71-1 through 11-71-10, 11-74.3-1
    through 11-74.3-7, 11-74.4-1 through 11-74.4-11, 11-74.5-1
    through 11-74.5-15, 11-94-1 through 11-94-7, 11-102-1
    through 11-102-10, 11-103-11 through 11-103-15, 11-118-1
    through 11-118-6, 11-119-1 through 11-119-5, 11-129-1
    through 11-129-7, 11-133-1 through 11-133-4, 11-139-1
    through 11-139-12, 11-141-1 through 11-141-18 of this Code
    or 10-801 through 10-808 of the Illinois Highway Code, as
    amended;
        (5) Bonds issued by the board of education of any
    school district under the provisions of Sections 34-30
    through 34-36 of The School Code, as amended;
        (6) Bonds issued by any municipality under the
    provisions of Division 6 of this Article 8; and by any
    municipality under the provisions of Division 7 of this
    Article 8; or under the provisions of Sections 11-121-4 and
    11-121-5;
        (7) Bonds to pay for the purchase of voting machines by
    any municipality that has adopted Article 24 of The
    Election Code, approved May 11, 1943, as amended;
        (8) Bonds issued by any municipality under Sections 15
    and 46 of the "Environmental Protection Act", approved June
    29, 1970;
        (9) Bonds issued by the corporate authorities of any
    municipality under the provisions of Section 8-4-25 of this
    Article 8;
        (10) Bonds issued under Section 8-4-26 of this Article
    8 by any municipality having a board of election
    commissioners;
        (11) Bonds issued under the provisions of "An Act to
    provide the manner of levying or imposing taxes for the
    provision of special services to areas within the
    boundaries of home rule units and nonhome rule
    municipalities and counties", approved September 21, 1973;
        (12) Bonds issued under Section 8-5-16 of this Code;
        (13) Bonds to finance the cost of the acquisition,
    construction or improvement of water or wastewater
    treatment facilities mandated by an enforceable compliance
    schedule developed in connection with the federal Clean
    Water Act or a compliance order issued by the United States
    Environmental Protection Agency or the Illinois Pollution
    Control Board; provided that such bonds are authorized by
    an ordinance adopted by a three-fifths majority of the
    corporate authorities of the municipality issuing the
    bonds which ordinance shall specify that the construction
    or improvement of such facilities is necessary to alleviate
    an emergency condition in such municipality;
        (14) Bonds issued by any municipality pursuant to
    Section 11-113.1-1;
        (15) Bonds issued under Sections 11-74.6-1 through
    11-74.6-45, the Industrial Jobs Recovery Law of this Code;
        (16) Bonds issued under the Innovation Development and
    Economy Act, except as may be required by Section 35 of
    that Act.
(Source: P.A. 96-939, eff. 6-24-10; 96-1394, eff. 7-29-10;
97-333, eff. 8-12-11.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.

Effective Date: 6/18/2014