93RD GENERAL ASSEMBLY
State of Illinois
2003 and 2004
HB5500


 
Introduced 2/6/2004, by Michael J. Madigan
 
SYNOPSIS AS INTRODUCED:
 		












50 ILCS 405/1.5b
  from Ch. 85, par. 851.5b









    Amends the Local Government Debt Limitation Act.  Makes a technical change
in a Section exempting certain indebtedness of fire protection districts from
the
indebtedness limitation of the Act.
















LRB093 17239 MKM 42905 b

















 


 


A BILL FOR









 











HB5500

LRB093 17239 MKM 42905 b






1
    AN ACT concerning local government. 

 
2
    Be it enacted by the People of the State of Illinois, 
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represented in the General Assembly: 


 
4
    Section 5. The Local Government Debt Limitation Act is 
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amended by changing
Section 1.5b as follows:


 
6
    (50 ILCS 405/1.5b)  (from Ch. 85, par. 851.5b)

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    Sec. 1.5b. The limitation prescribed in Section 1 of this 
8
Act does
shall not
apply to any indebtedness of any fire 
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protection district to acquire,
establish, maintain and 
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operate fire stations, including the acquisition of
a site or 
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sites therefor, facilities, vehicles, apparatus and equipment 
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for
fire protection purposes.


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(Source: Laws 1957, p. 204.)