State of Illinois
92^nd General Assembly
Legislation

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92_HB1270enr

 
HB1270 Enrolled                                LRB9203257SMdv

 1        AN ACT in relation to taxes.

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

 4        Section 1.  Short title.  This Act may be  cited  as  the
 5    School District Validation (2001) Act.

 6        Section  5.   Taxing validation.  All taxes levied before
 7    the effective date of this amendatory Act of the 92nd General
 8    Assembly by any school district for the purpose of  providing
 9    funds  for  the  payment  of the principal of and interest on
10    bonds issued by that  school  district  for  the  purpose  of
11    implementing equitable remedies ordered by a federal court in
12    litigation involving school desegregation and refunding bonds
13    issued  before  the  effective date of this amendatory Act of
14    the 92nd General Assembly to refund those  bonds  are  hereby
15    validated,  ratified,  and  confirmed as valid taxes lawfully
16    levied and fully authorized to  be  extended  for  collection
17    against  all  taxable property in the school district without
18    limitation as to rate or amount,  notwithstanding  that  this
19    levy  and  extension  of  unlimited  ad valorem taxes was not
20    authorized in accordance with law.

21        Section 10.  Bonding validation.  All bonds issued before
22    the effective date of this amendatory Act of the 92nd General
23    Assembly by any school district for the  purpose  of  funding
24    the costs of equitable remedies ordered by a federal court in
25    litigation  involving  school desegregation and all refunding
26    bonds issued before the effective date of this amendatory Act
27    of the 92nd General Assembly to refund those bonds are hereby
28    validated, ratified, and  confirmed  as  lawful,  valid,  and
29    binding   general   obligations   of  that  school  district,
30    notwithstanding that the bonds and refunding bonds  were  not
 
HB1270 Enrolled            -2-                 LRB9203257SMdv
 1    approved  by referendum or otherwise authorized and issued in
 2    accordance with law.

 3        Section 15.  Validation of actions of school district and
 4    school board.  All actions taken before the effective date of
 5    this amendatory Act of  the  92nd  General  Assembly  by  any
 6    school  district  and its board of education to authorize and
 7    issue  bonds  and  refunding  bonds  for   the   purpose   of
 8    implementing equitable remedies ordered by a federal court in
 9    litigation  involving  school  desegregation  and to levy and
10    extend unlimited ad valorem taxes  for  the  payment  of  the
11    principal of and interest on bonds and refunding bonds issued
12    for the purpose of implementing equitable remedies ordered by
13    a  federal court in litigation involving school desegregation
14    are hereby ratified, validated, and confirmed  as  valid  and
15    lawful  acts  of  that school district and board of education
16    undertaken in accordance with law, notwithstanding  that  the
17    bonds  or  refunding bonds were not approved by referendum or
18    otherwise authorized and issued in accordance  with  law  and
19    notwithstanding  that the unlimited ad valorem taxes were not
20    levied and authorized to be extended in accordance with law.

21        Section 99.  Effective date.  This Act takes effect  upon
22    becoming law.

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