093_SB0320enr SB320 Enrolled LRB093 03995 EFG 04034 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 SB320 Enrolled -2- LRB093 03995 EFG 04034 b 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$100,000,000plus 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.