State of Illinois
91^st General Assembly
Public Acts

Public Act 91-0850

HB3435 Enrolled                                LRB9111037NTsb

    AN ACT concerning the levy of taxes by school boards.

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

    Section  3.  The  Property  Tax Code is amended by adding
Section 18-72 as follows:

    (35 ILCS 200/18-72 new)
    Sec. 18-72.  A school board shall give public  notice  of
and   hold  a  public  hearing  on  its  intent  to  amend  a
certificate of tax levy under Section 17-11.1 of  the  School
Code.

    Section  5.   The  School  Code  is  amended  by changing
Section 17-11.1 as follows:

    (105 ILCS 5/17-11.1) (from Ch. 122, par. 17-11.1)
    Sec. 17-11.1.  Amended Tax Certificate.   When  a  school
board  has  authority to levy taxes at the maximum permissive
tax rate allowed by law or the maximum tax  rate  allowed  by
voter  approved  referendum an operating tax rate which would
qualify the school district for the maximum amount  of  State
aid under Section 18-8 and, after the certificate of tax levy
has  been filed, a change in the assessed valuation resulting
from the application of the equalization  multiplier  by  the
Department  of  Revenue  causes  the  school  district's  tax
extensions  to  be  less than the maximum permissive tax rate
allowed by law or the  maximum  tax  rate  allowed  by  voter
approved  referendum  operating tax rate to be less than that
required to qualify for the maximum amount of State aid,  the
school  board  may,  within 20 days of such change, amend the
certificate of tax levy to provide for the maximum amount  of
tax  extensions provided by the permissive tax rate or by the
voter approved referendum, as limited  by  the  Property  Tax
Extension  Limitation  Law the amount required to qualify for
the maximum amount of State aid.
(Source: P.A. 83-228.)

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