Bill Text: IL SB2170 | 2011-2012 | 97th General Assembly | Amended
NOTE: There are more recent revisions of this legislation. Read Latest Draft
Bill Title: Amends the Counties Code. Requires the imposition of a school facility occupation tax in a county if the electors of the county have approved a proposition for the tax. Provides that a school facility occupation tax imposed by approval of the electors may be reduced or discontinued if the electors have voted to reduce or discontinue the tax. Provides that the State will not limit or alter rights and powers so as to impair the rights and remedies of holders of bonds secured by proceeds of a school facility occupation tax. Amends the Local Government Debt Reform Act. Removes a sentence providing that a backdoor referendum is not required for alternate bonds if the proceeds backing the alternate bonds are realized from revenues obtained from a school facility occupation tax. Amends the School Code. Provides that a referendum shall not be required if the purchase, construction, or building of a school building is paid from funds received from the County School Facility Occupation Tax Law or from the proceeds of bonds secured by revenues obtained from that Law. Effective immediately.
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: (Passed) 2011-08-23 - Public Act . . . . . . . . . 97-0542 [SB2170 Detail]
Download: Illinois-2011-SB2170-Amended.html
Bill Title: Amends the Counties Code. Requires the imposition of a school facility occupation tax in a county if the electors of the county have approved a proposition for the tax. Provides that a school facility occupation tax imposed by approval of the electors may be reduced or discontinued if the electors have voted to reduce or discontinue the tax. Provides that the State will not limit or alter rights and powers so as to impair the rights and remedies of holders of bonds secured by proceeds of a school facility occupation tax. Amends the Local Government Debt Reform Act. Removes a sentence providing that a backdoor referendum is not required for alternate bonds if the proceeds backing the alternate bonds are realized from revenues obtained from a school facility occupation tax. Amends the School Code. Provides that a referendum shall not be required if the purchase, construction, or building of a school building is paid from funds received from the County School Facility Occupation Tax Law or from the proceeds of bonds secured by revenues obtained from that Law. Effective immediately.
Spectrum: Moderate Partisan Bill (Democrat 5-1)
Status: (Passed) 2011-08-23 - Public Act . . . . . . . . . 97-0542 [SB2170 Detail]
Download: Illinois-2011-SB2170-Amended.html
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| 1 | AMENDMENT TO SENATE BILL 2170
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| 2 | AMENDMENT NO. ______. Amend Senate Bill 2170 as follows:
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| 3 | on page 20, line 22, by replacing "Section" with "Sections | ||||||
| 4 | 3-14.31 and"; and
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| 5 | on page 20, immediately below line 23, by inserting the | ||||||
| 6 | following:
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| 7 | "(105 ILCS 5/3-14.31)
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| 8 | Sec. 3-14.31. School facility occupation tax proceeds. | ||||||
| 9 | (a) Within 30 days after receiving any proceeds of a school | ||||||
| 10 | facility occupation tax under Section 5-1006.7 of the Counties | ||||||
| 11 | Code, each regional superintendent must disburse those | ||||||
| 12 | proceeds to each school district that is located in the county | ||||||
| 13 | in which the tax was collected, less 1.0% of the amount of the | ||||||
| 14 | proceeds, which shall be deposited into a local fund of the | ||||||
| 15 | regional superintendent. | ||||||
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| 1 | (b) The proceeds must be disbursed on an enrollment basis | ||||||
| 2 | and allocated based upon the number of each school district's | ||||||
| 3 | resident pupils that reside within the county collecting the | ||||||
| 4 | tax divided by the total number of resident students within the | ||||||
| 5 | county.
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| 6 | (Source: P.A. 95-675, eff. 10-11-07; 95-850, eff. 1-1-09.)".
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