(70 ILCS 1815/28) (from Ch. 19, par. 828)
Sec. 28.
The Board may, after referendum approval, levy a tax for corporate
purposes of the District annually at the rate approved by referendum,
but which rate may not exceed .05% of the value of all taxable property
within the Port District as equalized or assessed by the Department of
Revenue.
If the Board desires to levy such a tax, it shall order that the proposition
be submitted at a referendum to be held within the
District. The Board shall certify its order and the proposition to the
proper election officials, who shall submit the question to the voters at
an election in accordance with the general election law. The Board shall
cause the results of the referendum to be upon the records of the Port District.
If a majority of the vote on the proposition is in favor of the proposition, the
Board may thereafter levy a tax for corporate purposes at a rate not to
exceed that approved by referendum but in no event to exceed .05% of the
value of all taxable property within the District as equalized or
assessed by the Department of Revenue.
The proposition shall be in substantially the following form:
--------------------------------------------------------------------------------------------------------------------- Shall the Illinois Valley Regional Port District levy a tax for corporate YES purposes annually at a rate not to exceed ....% of the value of taxable ----------------------------------------------------------------- property as equalized or assessed by the Department of Revenue? NO---------------------------------------------------------------------------------------------------------------------
(Source: P.A. 81-1489; 81-1509.)
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