Bill Amendment: IL HB2219 | 2023-2024 | 103rd General Assembly
NOTE: For additional amemendments please see the Bill Drafting List
Bill Title: MWRD-RESOURCE RECOVERY
Status: 2023-07-28 - Public Act . . . . . . . . . 103-0299 [HB2219 Detail]
Download: Illinois-2023-HB2219-House_Amendment_001.html
Bill Title: MWRD-RESOURCE RECOVERY
Status: 2023-07-28 - Public Act . . . . . . . . . 103-0299 [HB2219 Detail]
Download: Illinois-2023-HB2219-House_Amendment_001.html
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1 | AMENDMENT TO HOUSE BILL 2219
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2 | AMENDMENT NO. ______. Amend House Bill 2219 on page 1, by | ||||||
3 | replacing line 5 with the following: | ||||||
4 | "is amended by changing Sections 9.6a and 56 as follows:
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5 | (70 ILCS 2605/9.6a) (from Ch. 42, par. 328.6a)
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6 | Sec. 9.6a. Bonds for sewage treatment , and water quality , | ||||||
7 | and facility improvements. The corporate authorities of a | ||||||
8 | sanitary district, in
order to provide funds required for the | ||||||
9 | replacing, remodeling,
completing, altering, constructing and | ||||||
10 | enlarging of sewage treatment
works, administrative buildings, | ||||||
11 | water quality improvement projects, renewable energy or flood | ||||||
12 | control facilities, and additions therefor, pumping
stations, | ||||||
13 | tunnels, conduits, intercepting sewers and outlet sewers,
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14 | together with the equipment, including air pollution | ||||||
15 | equipment, and
appurtenances thereto, to acquire property, | ||||||
16 | real, personal or mixed,
necessary for said purposes, for | ||||||
17 | costs and expenses for the acquisition
of the sites and |
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1 | rights-of-way necessary thereto, and for engineering
expenses | ||||||
2 | for designing and supervising the construction of such works,
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3 | may issue on or before December 31, 2034, in addition to all
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4 | other obligations heretofore or herein authorized, bonds, | ||||||
5 | notes or
other evidences of indebtedness for such purposes in | ||||||
6 | an aggregate
amount at any one time outstanding not to exceed | ||||||
7 | 3.35% of the equalized
assessed valuation of all taxable | ||||||
8 | property within the sanitary district,
to be ascertained by | ||||||
9 | the last assessment for State and local taxes
previous to the | ||||||
10 | issuance of any such obligations. Such obligations shall be
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11 | issued without submitting the question of such issuance to the | ||||||
12 | legal voters
of such sanitary district for approval.
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13 | The corporate authorities may sell such obligations at | ||||||
14 | private or
public sale and enter into any contract or | ||||||
15 | agreement necessary, appropriate
or incidental to the exercise | ||||||
16 | of the powers granted by this Act, including,
without | ||||||
17 | limitation, contracts or agreements for the sale and purchase | ||||||
18 | of
such obligations and the payment of costs and expenses | ||||||
19 | incident thereto.
The corporate authorities may pay such costs | ||||||
20 | and expenses, in whole or in
part, from the corporate fund.
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21 | Such obligations shall be issued from time to time only in | ||||||
22 | amounts as may
be required for such purposes but the amount of | ||||||
23 | such obligations issued during
any one budget year shall not | ||||||
24 | exceed $150,000,000 plus
the amount of any obligations | ||||||
25 | authorized by this Act to be issued during the 3
budget years | ||||||
26 | next preceding the year of issuance but which were not issued,
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1 | provided, however, that this limitation shall not be | ||||||
2 | applicable (i) to the issuance
of obligations to refund bonds, | ||||||
3 | notes or other evidences of indebtedness,
(ii) to obligations | ||||||
4 | issued to provide for the repayment of money received
from the | ||||||
5 | Water Pollution Control Revolving Fund for the construction or
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6 | repair of wastewater treatment works, and (iii) to obligations | ||||||
7 | issued as part of the American Recovery and Reinvestment Act | ||||||
8 | of 2009, issued prior to January 1, 2011, that are commonly | ||||||
9 | known as "Build America Bonds" as authorized by Section 54AA | ||||||
10 | of the Internal Revenue Code of 1986, as amended. Each | ||||||
11 | ordinance authorizing the
issuance of the obligations shall | ||||||
12 | state the general purpose or purposes for
which they are to be | ||||||
13 | issued, and the corporate authorities may at any time
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14 | thereafter pass supplemental appropriations ordinances | ||||||
15 | appropriating the
proceeds from the sale of such obligations | ||||||
16 | for such purposes.
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17 | Notwithstanding anything to the contrary in Section 9.6 or | ||||||
18 | this Section, and in addition to any other amount of bonds | ||||||
19 | authorized to be issued under this Act, the corporate | ||||||
20 | authorities are authorized to issue from time to time bonds of | ||||||
21 | the district in a principal amount not to exceed $600,000,000 | ||||||
22 | for the purpose of making contributions to the pension fund | ||||||
23 | established under Article 13 of the Illinois Pension Code | ||||||
24 | without submitting the question of issuing bonds to the voters | ||||||
25 | of the District. Any bond issuances under this paragraph are | ||||||
26 | intended to decrease the unfunded liability of the pension |
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1 | fund and shall not decrease the amount of the employer | ||||||
2 | contributions required in any given year under Section 13-503 | ||||||
3 | of the Illinois Pension Code. | ||||||
4 | The corporate authorities may issue bonds, notes or other | ||||||
5 | evidences of
indebtedness in an amount necessary to provide | ||||||
6 | funds to refund outstanding
obligations issued pursuant to | ||||||
7 | this Section, including interest accrued or
to accrue thereon.
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8 | (Source: P.A. 101-302, eff. 1-1-20; 102-707, eff. 4-22-22.)".
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