97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB3442
 
Introduced 2/24/2011, by Rep. Frank J. Mautino
 
SYNOPSIS AS INTRODUCED:
 


35 ILCS 200/18-203 new
    Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that a school board may, with referendum approval, elect to provide that the aggregate extension of the school district does not include any extension made: (i) for fire prevention and safety purposes under the School Code; and (ii) to pay the principal and interest on fire prevention and safety bonds issued under the School Code or on bonds issued to refund any fire prevention and safety bonds. Sets forth requirements for the referendum. Effective immediately.



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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
 
 
A BILL FOR
 


HB3442LRB097 07916 HLH 48031 b



1    AN ACT concerning revenue.

 
2    Be it enacted by the People of the State of Illinois,
 
3represented in the General Assembly:


 
4    Section 5. The Property Tax Code is amended  by adding 
5Section 18-203 as follows:
 
6    (35 ILCS 200/18-203 new)

7    Sec. 18-203. School districts; fire prevention and safety.
8    (a) After referendum approval under subsection (b), a 
9school board may elect to provide that the aggregate extension 
10of the school district does not include any extension made for 
11either or both of the following purposes: (i) for fire 
12prevention and safety purposes under Section 17-2.11 of the 
13School Code and (ii) to pay the principal and interest on fire 
14prevention and safety bonds issued under Section 17-2.11 of the 
15School Code and bonds issued to refund any of those fire 
16prevention and safety bonds.
17    (b) The extensions may not be exempted from the district's 
18aggregate extension under subsection (a) until the question of 
19exempting the extensions has been submitted to the electors of 
20the school district at a regular election and approved by a 
21majority of the electors voting on the question. The school 
22board must certify the question to the proper election 
23authority, which must submit the question at an election in 
 
 
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1accordance with the Election Code.
2    The election authority must submit the question in 
3substantially the following form:
4        Shall the aggregate extension of (name of school 
5    district) exclude any extension for (levy year) and all 
6    subsequent levy years made by the district for fire 
7    prevention and safety purposes under Section 17-2.11 of the 
8    School Code and  to pay the principal and interest on or to 
9    refund any fire prevention and safety bonds issued under 
10    Section 17-2.11 of the School Code?

11The election authority must record the votes as "Yes" or "No".
12    If a majority of the electors voting on the question vote 
13in the affirmative, then the school board may, thereafter, make 
14the election under subsection (a), and the exemptions from the 
15district's aggregate extension shall apply for the specified 
16levy years.

 

17    Section 99. Effective date. This Act takes effect upon 
18becoming law.