093_HB0132
LRB093 03996 EFG 04035 b
1 AN ACT in relation to the Metropolitan Water Reclamation
2 District.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Metropolitan Water Reclamation District
6 Act is amended by changing Section 9.6a as follows:
7 (70 ILCS 2605/9.6a) (from Ch. 42, par. 328.6a)
8 Sec. 9.6a. The corporate authorities of a sanitary
9 district, in order to provide funds required for the
10 replacing, remodeling, completing, altering, constructing and
11 enlarging of sewage treatment works or flood control
12 facilities, and additions therefor, pumping stations,
13 tunnels, conduits, intercepting sewers and outlet sewers,
14 together with the equipment, including air pollution
15 equipment, and appurtenances thereto, to acquire property,
16 real, personal or mixed, necessary for said purposes, for
17 costs and expenses for the acquisition of the sites and
18 rights-of-way necessary thereto, and for engineering expenses
19 for designing and supervising the construction of such works,
20 may issue on or before December 31, 2016, in addition to all
21 other obligations heretofore or herein authorized, bonds,
22 notes or other evidences of indebtedness for such purposes in
23 an aggregate amount at any one time outstanding not to exceed
24 3.35% of the equalized assessed valuation of all taxable
25 property within the sanitary district, to be ascertained by
26 the last assessment for State and local taxes previous to the
27 issuance of any such obligations. Such obligations shall be
28 issued without submitting the question of such issuance to
29 the legal voters of such sanitary district for approval.
30 The corporate authorities may sell such obligations at
31 private or public sale and enter into any contract or
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1 agreement necessary, appropriate or incidental to the
2 exercise of the powers granted by this Act, including,
3 without limitation, contracts or agreements for the sale and
4 purchase of such obligations and the payment of costs and
5 expenses incident thereto. The corporate authorities may pay
6 such costs and expenses, in whole or in part, from the
7 corporate fund.
8 Such obligations shall be issued from time to time only
9 in amounts as may be required for such purposes but the
10 amount of such obligations issued during any one budget year
11 shall not exceed $150,000,000 $100,000,000 plus the amount of
12 any obligations authorized by this Act to be issued during
13 the 3 budget years next preceding the year of issuance but
14 which were not issued, provided, however, that this
15 limitation shall not be applicable to the issuance of
16 obligations to refund bonds, notes or other evidences of
17 indebtedness, nor to obligations issued to provide for the
18 repayment of money received from the Water Pollution Control
19 Revolving Fund for the construction or repair of wastewater
20 treatment works. Each ordinance authorizing the issuance of
21 the obligations shall state the general purpose or purposes
22 for which they are to be issued, and the corporate
23 authorities may at any time thereafter pass supplemental
24 appropriations ordinances appropriating the proceeds from the
25 sale of such obligations for such purposes.
26 The corporate authorities may issue bonds, notes or other
27 evidences of indebtedness in an amount necessary to provide
28 funds to refund outstanding obligations issued pursuant to
29 this Section, including interest accrued or to accrue
30 thereon.
31 (Source: P.A. 92-726, eff. 7-25-02.)
32 Section 99. Effective date. This Act takes effect upon
33 becoming law.