Illinois General Assembly - Full Text of HB2219
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Full Text of HB2219  103rd General Assembly


Rep. Marcus C. Evans, Jr.

Filed: 3/15/2023





10300HB2219ham001LRB103 03428 AWJ 58986 a


2    AMENDMENT NO. ______. Amend House Bill 2219 on page 1, by
3replacing line 5 with the following:
4"is amended by changing Sections 9.6a and 56 as follows:
5    (70 ILCS 2605/9.6a)  (from Ch. 42, par. 328.6a)
6    Sec. 9.6a. Bonds for sewage treatment, and water quality,
7and facility improvements. The corporate authorities of a
8sanitary district, in order to provide funds required for the
9replacing, remodeling, completing, altering, constructing and
10enlarging of sewage treatment works, administrative buildings,
11water quality improvement projects, renewable energy or flood
12control facilities, and additions therefor, pumping stations,
13tunnels, conduits, intercepting sewers and outlet sewers,
14together with the equipment, including air pollution
15equipment, and appurtenances thereto, to acquire property,
16real, personal or mixed, necessary for said purposes, for
17costs and expenses for the acquisition of the sites and



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1rights-of-way necessary thereto, and for engineering expenses
2for designing and supervising the construction of such works,
3may issue on or before December 31, 2034, in addition to all
4other obligations heretofore or herein authorized, bonds,
5notes or other evidences of indebtedness for such purposes in
6an aggregate amount at any one time outstanding not to exceed
73.35% of the equalized assessed valuation of all taxable
8property within the sanitary district, to be ascertained by
9the last assessment for State and local taxes previous to the
10issuance of any such obligations. Such obligations shall be
11issued without submitting the question of such issuance to the
12legal voters of such sanitary district for approval.
13    The corporate authorities may sell such obligations at
14private or public sale and enter into any contract or
15agreement necessary, appropriate or incidental to the exercise
16of the powers granted by this Act, including, without
17limitation, contracts or agreements for the sale and purchase
18of such obligations and the payment of costs and expenses
19incident thereto. The corporate authorities may pay such costs
20and expenses, in whole or in part, from the corporate fund.
21    Such obligations shall be issued from time to time only in
22amounts as may be required for such purposes but the amount of
23such obligations issued during any one budget year shall not
24exceed $150,000,000 plus the amount of any obligations
25authorized by this Act to be issued during the 3 budget years
26next preceding the year of issuance but which were not issued,



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1provided, however, that this limitation shall not be
2applicable (i) to the issuance of obligations to refund bonds,
3notes or other evidences of indebtedness, (ii) to obligations
4issued to provide for the repayment of money received from the
5Water Pollution Control Revolving Fund for the construction or
6repair of wastewater treatment works, and (iii) to obligations
7issued as part of the American Recovery and Reinvestment Act
8of 2009, issued prior to January 1, 2011, that are commonly
9known as "Build America Bonds" as authorized by Section 54AA
10of the Internal Revenue Code of 1986, as amended. Each
11ordinance authorizing the issuance of the obligations shall
12state the general purpose or purposes for which they are to be
13issued, and the corporate authorities may at any time
14thereafter pass supplemental appropriations ordinances
15appropriating the proceeds from the sale of such obligations
16for such purposes.
17    Notwithstanding anything to the contrary in Section 9.6 or
18this Section, and in addition to any other amount of bonds
19authorized to be issued under this Act, the corporate
20authorities are authorized to issue from time to time bonds of
21the district in a principal amount not to exceed $600,000,000
22for the purpose of making contributions to the pension fund
23established under Article 13 of the Illinois Pension Code
24without submitting the question of issuing bonds to the voters
25of the District. Any bond issuances under this paragraph are
26intended to decrease the unfunded liability of the pension



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1fund and shall not decrease the amount of the employer
2contributions required in any given year under Section 13-503
3of the Illinois Pension Code.
4    The corporate authorities may issue bonds, notes or other
5evidences of indebtedness in an amount necessary to provide
6funds to refund outstanding obligations issued pursuant to
7this Section, including interest accrued or to accrue thereon.
8(Source: P.A. 101-302, eff. 1-1-20; 102-707, eff. 4-22-22.)".