DEBT REFORM-ALT REVENUE BONDS House SponsorsRep. David McSweeney-Jack D. Franks-Dwight Kay-Sandra M. Pihos Senate Sponsors(Sen. Pamela J. Althoff-Dan Duffy-Michael Connelly-Chapin Rose) 8/9/2013HousePublic Act . . . . . . . . . 98-0203 30 ILCS 350/15from Ch. 17, par. 691530 ILCS 500/10-20 Amends the Local Government Debt Reform Act. Provides that determinations of sufficiency of enterprise revenues or revenue sources shall be conducted by the chief procurement officer for procurements of construction and construction-related services under the jurisdiction of the Capital Development Board. Provides that enterprise revenues shall be sufficient to pay 150% (instead of 100%) of the debt service on all outstanding revenue bonds payable from those enterprise revenues. Provides that a petition to initiate a backdoor referendum concerning the issuance of alternate bonds may be filed within 90 (instead of 30) days of publication of the authorizing ordinance and notice. Provides that it must be signed by 5% of the registered voters in the governmental unit or 500 of those registered voters, whichever is less. Provides that, if alternate bonds are payable from a combination of enterprise revenues and property taxes, and if, in any fiscal year of the governmental unit, the total amount of enterprise revenues collected exceeds the debt service payable on those bonds, then, within 90 days after the last day of the fiscal year, the surplus revenues shall be refunded to property owners within the governmental unit according to each property owner's pro rata share of property taxes paid in that fiscal year. Effective immediately.House Committee Amendment No. 1 Deletes reference to:30 ILCS 500/10-20Replaces everything after the enacting clause. Reinserts the provisions of the introduced bill with changes. Removes provisions requiring that surplus revenues be refunded to taxpayers. Provides that the referendum petition shall be submitted within 45 days (instead of 90 days in the introduced bill) after publication of the ordinance. Provides that the petition shall be signed by (1) the lesser of (i) 5% of the registered voters or (ii) 5,000 registered voters in a governmental unit with more than 4,000 registered voters, or (2) the lesser of (i) 15% of the registered voters or (ii) 200 registered voters in a governmental unit with 4,000 or fewer registered voters. Removes a requirement that enterprise revenues must be sufficient to pay 150% of the debt service on all outstanding revenue bonds payable from those enterprise revenues. Removes provisions providing that determinations of sufficiency of enterprise revenues or revenue sources shall be conducted by the chief procurement officer. Effective immediately.House Committee Amendment No. 2 Deletes reference to:30 ILCS 500/10-20Replaces everything after the enacting clause. Amends the Local Government Debt Reform Act. In a Section concerning alternate bonds, provides that, in governmental units with fewer than 500,000 inhabitants, the petition for a backdoor referendum must be filed with the clerk or secretary within 45 days of publication of the authorizing ordinance and notice. Provides that, in governmental units with fewer than 500,000 inhabitants, the petition must be signed by the lesser of (i) 5% of the registered voters or 5,000 registered voters in a governmental unit with more than 4,000 registered voters, and (ii) 15% of the registered voters or 200 registered voters in a governmental unit with 4,000 or fewer registered voters. Effective immediately.Senate Committee Amendment No. 1 Replaces everything after the enacting clause. Reinserts the provisions of the engrossed bill. Deletes provisions that makes certain requirements applicable only to governmental units with a certain number of inhabitants. Provides that, in governmental units with 500,000 or more inhabitants, a referendum concerning the issuance of alternate bonds may be submitted if the petition is signed by electors numbering 7.5% of the registered voters in the governmental unit (instead of the greater of (i) 7.5% of the registered voters in the governmental unit or (ii) 200 of those registered voters or 15% of those registered voters, whichever is less). Provides that certain requirements that governmental units with fewer than 500,000 inhabitants proposing to issue alternate bonds that propose to issue alternate bonds payable solely from enterprise revenues shall not apply to alternate bonds that finance or refinance projects concerning public utilities, public streets and roads or public safety facilities, and related infrastructure and equipment. Provides that any double-barrelled bond authorization submitted by a school district that is a beneficiary of a county-wide supplemental sales and use tax approved by front door referendum for educational purposes shall be exempted from the 45-day petition period. Provides that if the required audit is completed by a feasibility analyst, he or she shall have a national reputation for expertise in such matters and shall not be otherwise involved in the project being financed or refinanced with the proceeds of the alternate bonds. Effective January 1, 2014 (rater than immediately upon becoming law).Senate Committee Amendment No. 2 Removes a provision from the bill as amended by Senate Amendment 1 changing the number of electors required to submit a petition for the issuance of alternate bonds. Removes a provision from the bill as amended by Senate Amendment 1 providing that a double-barrelled bond authorization submitted by a school district that is a beneficiary of a county-wide supplemental sales and use tax approved by front door referendum for educational purposes shall be exempted from the 45-day petition period. 1/28/2013HouseFiled with the Clerk by Rep. David McSweeney 1/28/2013HouseChief Co-Sponsor Rep. Jack D. Franks 1/29/2013HouseFirst Reading 1/29/2013HouseReferred to Rules Committee 2/5/2013HouseAdded Chief Co-Sponsor Rep. Dwight Kay 2/13/2013HouseAssigned to Cities & Villages Committee 3/6/2013HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. David McSweeney 3/6/2013HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/12/2013HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. David McSweeney 3/12/2013HouseHouse Committee Amendment No. 2 Referred to Rules Committee 3/13/2013HouseHouse Committee Amendment No. 1 Rules Refers to Cities & Villages Committee 3/13/2013HouseHouse Committee Amendment No. 2 Rules Refers to Cities & Villages Committee 3/14/2013HouseHouse Committee Amendment No. 1 Adopted in Cities & Villages Committee; by Voice Vote 3/14/2013HouseHouse Committee Amendment No. 2 Adopted in Cities & Villages Committee; by Voice Vote 3/14/2013HouseDo Pass as Amended / Short Debate Cities & Villages Committee; 014-002-000 3/15/2013HousePlaced on Calendar 2nd Reading - Short Debate 4/8/2013HouseSecond Reading - Short Debate 4/8/2013HousePlaced on Calendar Order of 3rd Reading - Short Debate 4/9/2013HouseThird Reading - Short Debate - Passed 101-006-002 4/9/2013HouseAdded Chief Co-Sponsor Rep. Sandra M. Pihos 4/10/2013SenateArrive in Senate 4/10/2013SenatePlaced on Calendar Order of First Reading 4/10/2013SenateChief Senate Sponsor Sen. Pamela J. Althoff 4/10/2013SenateFirst Reading 4/10/2013SenateReferred to Assignments 4/10/2013SenateAdded as Alternate Chief Co-Sponsor Sen. Dan Duffy 4/23/2013SenateAssigned to Local Government 5/1/2013SenateTo Subcommittee on Special Issues (LG) 5/10/2013SenateRule 2-10 Committee Deadline Established As May 31, 2013 5/15/2013SenatePostponed - Local Government; Subcommittee on Special Issues (LG) 5/17/2013SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Pamela J. Althoff 5/17/2013SenateSenate Committee Amendment No. 1 Referred to Assignments 5/20/2013SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. Pamela J. Althoff 5/20/2013SenateSenate Committee Amendment No. 2 Referred to Assignments 5/20/2013SenateSenate Committee Amendment No. 1 Assignments Refers to Local Government 5/20/2013SenateSenate Committee Amendment No. 2 Assignments Refers to Local Government 5/21/2013SenateAssignments Re-refers to Local Government; from Subcommittee on Special Issues 5/21/2013SenateReported Back To Local Government; 5/21/2013SenateWaive Posting Notice 5/22/2013SenateSenate Committee Amendment No. 1 Adopted 5/22/2013SenateSenate Committee Amendment No. 2 Adopted 5/22/2013SenateDo Pass as Amended Local Government; 011-000-000 5/22/2013SenatePlaced on Calendar Order of 2nd Reading 5/22/2013SenateSecond Reading 5/22/2013SenatePlaced on Calendar Order of 3rd Reading May 23, 2013 5/23/2013SenateAdded as Alternate Chief Co-Sponsor Sen. Michael Connelly 5/23/2013SenateAdded as Alternate Chief Co-Sponsor Sen. Chapin Rose 5/23/2013SenateThird Reading - Passed; 057-000-000 5/23/2013HouseArrived in House 5/23/2013HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1, 2 5/23/2013HouseSenate Committee Amendment No. 1 Motion Filed Concur Rep. David McSweeney 5/23/2013HouseSenate Committee Amendment No. 2 Motion Filed Concur Rep. David McSweeney 5/23/2013HouseSenate Committee Amendment No. 1 Motion to Concur Referred to Rules Committee 5/23/2013HouseSenate Committee Amendment No. 2 Motion to Concur Referred to Rules Committee 5/28/2013HouseSenate Committee Amendment No. 1 Motion to Concur Rules Referred to Cities & Villages Committee 5/28/2013HouseSenate Committee Amendment No. 2 Motion to Concur Rules Referred to Cities & Villages Committee 5/29/2013HouseSenate Committee Amendment No. 1 Motion to Concur Recommends Be Adopted Cities & Villages Committee; 013-000-000 5/29/2013HouseSenate Committee Amendment No. 2 Motion to Concur Recommends Be Adopted Cities & Villages Committee; 013-000-000 5/30/2013HouseSenate Committee Amendment No. 1 House Concurs 116-000-000 5/30/2013HouseSenate Committee Amendment No. 2 House Concurs 116-000-000 5/30/2013HouseHouse Concurs 5/30/2013HousePassed Both Houses 6/19/2013HouseSent to the Governor 8/9/2013HouseGovernor Approved 8/9/2013HouseEffective Date January 1, 2014 8/9/2013HousePublic Act . . . . . . . . . 98-0203