Illinois General Assembly - Full Text of Public Act 096-1308
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Public Act 096-1308





Public Act 096-1308
HB4802 EnrolledLRB096 17087 RLJ 32409 b

    AN ACT concerning local government.
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
    Section 5. The Metropolitan Water Reclamation District Act
is amended by changing Section 9.6a as follows:
    (70 ILCS 2605/9.6a)  (from Ch. 42, par. 328.6a)
    Sec. 9.6a. Bonds for sewage treatment and water quality
improvements. The corporate authorities of a sanitary
district, in order to provide funds required for the replacing,
remodeling, completing, altering, constructing and enlarging
of sewage treatment works, water quality improvement projects,
or flood control facilities, and additions therefor, pumping
stations, tunnels, conduits, intercepting sewers and outlet
sewers, together with the equipment, including air pollution
equipment, and appurtenances thereto, to acquire property,
real, personal or mixed, necessary for said purposes, for costs
and expenses for the acquisition of the sites and rights-of-way
necessary thereto, and for engineering expenses for designing
and supervising the construction of such works, may issue on or
before December 31, 2024 December 31, 2016, in addition to all
other obligations heretofore or herein authorized, bonds,
notes or other evidences of indebtedness for such purposes in
an aggregate amount at any one time outstanding not to exceed
3.35% of the equalized assessed valuation of all taxable
property within the sanitary district, to be ascertained by the
last assessment for State and local taxes previous to the
issuance of any such obligations. Such obligations shall be
issued without submitting the question of such issuance to the
legal voters of such sanitary district for approval.
    The corporate authorities may sell such obligations at
private or public sale and enter into any contract or agreement
necessary, appropriate or incidental to the exercise of the
powers granted by this Act, including, without limitation,
contracts or agreements for the sale and purchase of such
obligations and the payment of costs and expenses incident
thereto. The corporate authorities may pay such costs and
expenses, in whole or in part, from the corporate fund.
    Such obligations shall be issued from time to time only in
amounts as may be required for such purposes but the amount of
such obligations issued during any one budget year shall not
exceed $150,000,000 plus the amount of any obligations
authorized by this Act to be issued during the 3 budget years
next preceding the year of issuance but which were not issued,
provided, however, that this limitation shall not be applicable
(i) to the issuance of obligations to refund bonds, notes or
other evidences of indebtedness, (ii) to obligations issued to
provide for the repayment of money received from the Water
Pollution Control Revolving Fund for the construction or repair
of wastewater treatment works, and (iii) to obligations issued
as part of the American Recovery and Reinvestment Act of 2009,
issued prior to January 1, 2011, that are commonly known as
"Build America Bonds" as authorized by Section 54AA of the
Internal Revenue Code of 1986, as amended. Each ordinance
authorizing the issuance of the obligations shall state the
general purpose or purposes for which they are to be issued,
and the corporate authorities may at any time thereafter pass
supplemental appropriations ordinances appropriating the
proceeds from the sale of such obligations for such purposes.
    The corporate authorities may issue bonds, notes or other
evidences of indebtedness in an amount necessary to provide
funds to refund outstanding obligations issued pursuant to this
Section, including interest accrued or to accrue thereon.
(Source: P.A. 95-125, eff. 8-13-07; 95-412, eff. 8-24-07;
96-828, eff. 12-2-09.)

Effective Date: 1/1/2011