105 ILCS 520/ School Tax Rate Validation (1968) Act.

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105 ILCS 520/0.01

(105 ILCS 520/0.01) (from Ch. 122, par. 407.38h)

Sec. 0.01.

Short title.

This Act may be cited as the

School Tax Rate Validation (1968) Act.

(Source: P.A. 86-1324.)

105 ILCS 520/1

(105 ILCS 520/1) (from Ch. 122, par. 407.39)

Sec. 1.

Where in any school district maintaining grades 1 through 8 or
grades 9 through 12, at any time after July 15, 1965, and prior to the
effective date of this Act, a majority of the legal voters voting on a
proposition to increase the maximum annual educational tax rate of such
district to a rate in excess of 1.60%, but not in excess of 1.81% upon the
value, as equalized or assessed by the Department of Revenue, have voted in
favor of increasing such educational tax rate, and the election was
otherwise held in substantial compliance with the law then applicable to
such elections, such election is declared to be legal and valid for all
purposes, notwithstanding that at the time of such election the maximum
annual tax rate applicable to such school district was 1.60% of the full,
fair cash value as equalized or assessed by the Department of Revenue upon
the taxable property within such school district.

(Source: Laws 1968, p. 59.)