Bill Text: IL SB3563 | 2023-2024 | 103rd General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Amends the Tax Increment Allocation Redevelopment Act of the Illinois Municipal Code. Extends the estimated date of completion of a redevelopment project and the retirement of obligations issued to finance redevelopment project costs to not later than December 31 of the year in which the payment to the municipal treasurer is to be made with respect to ad valorem taxes levied in the 32nd calendar year after the year in which the ordinance approving the redevelopment project area was adopted if the ordinance was adopted on April 19, 2004 by the Village of Tremont. Extends the estimated dates of completion of redevelopment projects and the retirement of obligations issued to finance redevelopment project costs to the 35th calendar year after the year in which various ordinances were adopted by the Village of Franklin Park, City of Jacksonville, City of Prophetstown, City of Ottawa, City of Salem, Village of Malta, City of Highland, City of Chicago, City of Des Plaines, City of Sullivan, and City of Oak Forest. Creates tax increment allocation financing extensions to the 47th year (currently, the 35th year) for various ordinances adopted by the City of Ottawa and Village of Rosemont if those municipalities adopt a specified ordinance and provide notice to the taxing bodies that would otherwise constitute the joint review board of each redevelopment project area. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 5-1)

Status: (Passed) 2024-08-09 - Public Act . . . . . . . . . 103-1016 [SB3563 Detail]

Download: Illinois-2023-SB3563-Introduced.html

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103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 SB3563 Introduced 2/9/2024, by Sen. Erica Harriss SYNOPSIS AS INTRODUCED:
75 ILCS 5/4-9 from Ch. 81, par. 4-9
75 ILCS 10/5 from Ch. 81, par. 115
75 ILCS 16/30-45
Amends the Illinois Local Library Act. Provides that the bond of a library treasurer or custodian of the moneys paid over to a library board shall not be less than 10% (rather than 50%) of the total funds received by the library in the last fiscal year or the treasurer or custodian of the moneys paid over to a library board may provide insurance coverage for negligent and intentional acts by library officials and employees that could result in the loss of library funds in an amount at least equal to 10% (rather than 50%) of the average amount of the library's operating fund from the prior 3 fiscal years. Makes similar changes in the Illinois Library System Act and the Public Library District Act of 1991 relating to treasurer bonds. Effective immediately.
LRB103 36270 AWJ 66367 b
A BILL FOR
SB3563 LRB103 36270 AWJ 66367 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 Illinois Local Library Act is amended by
changing Section 4-9 as follows:
(75 ILCS 5/4-9) (from Ch. 81, par. 4-9)
Sec. 4-9. In townships and in cities, villages and
incorporated towns having a population of 500,000 or less, the
board of trustees shall require the treasurer of such board or
such other person as may be designated as the custodian of the
moneys paid over to such board to give a bond to be approved by
such board and in such amount, not less than 10% 50% of the
total funds received by the library in the last fiscal year,
conditioned that he will safely keep and pay over upon the
order of such board all funds received and held by him for such
board of trustees. For a library in a city, village,
incorporated town or township, the board of library trustees
may designate the treasurer of the corporate authority, or the
supervisor in the case of a township, as the custodian of the
library fund, and the bond given by the treasurer or the
supervisor shall satisfy the bond requirements of this section
when properly endorsed. The cost of any surety bond shall be
borne by the library. As an alternative to a personal bond on

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the treasurer or custodian of funds, the board of trustees may
require the treasurer or custodian to secure for the library
an insurance policy or other insurance instrument that
provides the library with coverage for negligent or
intentional acts by library officials and employees that could
result in the loss of library funds. The coverage shall be in
an amount at least equal to 10% 50% of the average amount of
the library's operating fund from the prior 3 fiscal years.
The coverage shall be placed with an insurer approved by the
board. The cost of any such coverage shall be borne by the
library. The library shall provide the Illinois State Library
a copy of the library's certificate of insurance at the time
the library's annual report is filed.
(Source: P.A. 97-101, eff. 1-1-12.)
Section 10. The Illinois Library System Act is amended by
changing Section 5 as follows:
(75 ILCS 10/5) (from Ch. 81, par. 115)
Sec. 5. Each library system created as provided in Section
4 of this Act shall be governed by a board of directors
numbering at least 5 and no more than 15 persons, except as
required by Section 6 for library systems in cities with a
population of 500,000 or more. The board shall be
representative of the variety of library interests in the
system, and at least a majority shall be elected or selected

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from the governing boards of the member public libraries, with
not more than one director representing a single member
library. For library systems as defined in subparagraph (3) of
the definition of "library system" in Section 2, the board
members shall be representative of the types of libraries that
library system serves. The number of directors, the manner of
election or selection, the term of office and the provision
for filling vacancies shall be determined by the system
governing board except that all board members must be eligible
electors in the geographical area of the system. No director
of any library system, however, shall be permitted to serve
for more than a total of 6 years unless 2 years have elapsed
since his sixth year of service.
The board of directors shall elect a president, secretary
and treasurer. Before entering upon his duties, the treasurer
shall be required to give a bond in an amount to be approved by
the board, but in no case shall such amount be less than 10%
50% of the system's area and per capita grant for the previous
year, conditioned that he will safely keep and pay over upon
the order of such board all funds received and held by him for
the library system. As an alternative to a personal bond on the
treasurer, the board of trustees may require the treasurer to
secure for the system an insurance policy or other insurance
instrument that provides the library with coverage for
negligent or intentional acts by system officials and
employees that could result in the loss of system funds. The

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coverage shall be in an amount at least equal to 10% 50% of the
average amount of the system's operating fund from the prior 3
fiscal years. The coverage shall be placed with an insurer
approved by the board. The cost of any such coverage shall be
borne by the system. The system shall provide the Illinois
State Library a copy of the system's certificate of insurance
at the time the system's annual report is filed. The funds of
the library system shall be deposited in a bank or savings and
loan association designated by the board of directors and
shall be expended only under the direction of such board upon
properly authenticated vouchers.
No bank or savings and loan association shall receive
public funds as permitted by this Section, unless it has
complied with the requirements established pursuant to Section
6 of the Public Funds Investment Act.
The members of the board of directors of the library
system shall serve without compensation but their actual and
necessary expenses shall be a proper charge against the
library fund.
(Source: P.A. 97-101, eff. 1-1-12.)
Section 15. The Public Library District Act of 1991 is
amended by changing Section 30-45 as follows:
(75 ILCS 16/30-45)
Sec. 30-45. Duties of officers.

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(a) The duties of the officers of the board are as provided
in this Section.
(b) The president shall preside over all meetings, appoint
members of committees authorized by the district's
regulations, and perform other duties specified by the
district's regulations, ordinances, or other appropriate
action. In the president's absence, the vice president shall
preside at meetings. The president shall not have or exercise
veto powers.
(c) The vice president's duties shall be prescribed by
regulations.
(d) The treasurer shall keep and maintain accounts and
records of the district during the treasurer's term in office,
indicating in those accounts and records a record of all
receipts, disbursements, and balances in any funds.
Annual audit and financial report requirements shall
conform with Section 3 of the Governmental Account Audit Act.
(e) The treasurer shall give bond to the district to
faithfully discharge the duties of the office and to account
to the district for all district funds coming into the
treasurer's hands. The bond shall be in an amount and with
sureties approved by the board. The amount of the bond shall be
based upon a minimum of 10% 50% of the total funds received by
the district in the last previous fiscal year. The cost of any
surety bond shall be borne by the district. As an alternative
to a personal bond on the treasurer, the treasurer may secure

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for the district an insurance policy or other insurance
instrument that provides the district with coverage for
negligent or intentional acts by district officials and
employees that could result in the loss of district funds. The
coverage shall be in an amount at least equal to 10% 50% of the
average amount of the district's operating fund from the prior
3 fiscal years. The coverage shall be placed with an insurer
approved by the board. The cost of any such coverage shall be
borne by the district. The system shall provide the Illinois
State Library a copy of the district's certificate of
insurance at the time the district's annual report is filed.
(f) Any person, entity, or public body or agency
possessing district funds, property, or records shall, upon
demand by any trustee, transfer and release the funds,
property, or records to the treasurer.
(g) The secretary shall keep and maintain appropriate
records for his or her term in office and shall include in
those records a record of the minutes of all meetings, the
names of those in attendance, the ordinances enacted, the
resolutions and regulations adopted, and all other pertinent
written matter affecting the operation of the district. The
secretary may administer oaths and affirmations for the
purposes of this Act.
(Source: P.A. 97-101, eff. 1-1-12.)