Illinois General Assembly - Bill Status for HB2317

Amends the Special Assessment Supplemental Bond and Procedure Act. Provides that an amount for bond discount, as provided for in a special assessment ordinance, is the difference between the face amount of a bond and the price at which the bond is to be sold, exclusive of original issue discount (now, the difference between the face amount of a bond and the price at which the bond is to be sold). Removes a provision requiring that the date upon which interest shall begin to accrue on the assessments shall be not earlier than 60 days after the date that the notice of the due date of the first installment and the date from which interest shall accrue on the assessments was filed with the clerk of court. Provides that Supplemental Act Assessment Bonds may be issued in lieu of vouchers at any time after the date of the judicial order of final confirmation of the assessment roll and report. Provides that the owner or issuer of those bonds may rely on any waiver of the statutory appeal period executed by a municipality, county, or other issuer of the bonds and the owners and parties interested in land taken, damaged, or assessed therein, as conclusive evidence of the non-appealability of the final judgment or order. Provides that parties interested in land taken, damaged, or assessed for purposes of waiver and appeal shall include only the owners of record and contract purchasers of the land taken, damaged, or assessed. Contains provisions concerning when a county clerk or a governing body may mail assessment billing. Contains provisions concerning the use of surplus to: (i) declare a rebate upon lots, blocks, tracts, or parcels of lands assessed; (ii) to credit the surplus amount to each lot, block, tract, or parcel of land assessed, or a pro rata proportion, to reduce payment due; or (iv) to retire bonds. Effective immediately.

Amends the Illinois Municipal Code. Provides that a proposed local improvement to be paid for by special assessment or special tax may consist of the acquisition of the necessary interests in real property and the construction of any public improvements or any combination of public water mains, sanitary sewer improvements, sidewalks, walkways, bicycle paths, landscaping, lighting, lighting improvements, signage improvements, vehicular parking improvements, any additional improvements necessary to provide access to the public improvements, and all necessary appurtenances (now, may consist only of construction of streets, storm drain sewers, water mains, sanitary sewer improvements, and appurtenances). These changes are effective January 1, 2004.

Deletes everything. Amends the Special Assessment Supplemental Bond and Procedures Act. Makes a technical change in a Section concerning the short title.

Deletes everything after the enacting clause. Amends the Special Assessment Supplemental Bond and Procedures Act. Makes changes concerning the following: an additional amount for bond discount that may be provided in a special assessment ordinance; issuance of Supplemental Act Assessment Bonds in lieu of vouchers after the date of a judicial order and before expiration of the appeal period; billing of special assessments by the municipality or by the county clerk; and rebates of any surplus. Effective immediately.

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