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Public Act 104-0044
Public Act 0044 104TH GENERAL ASSEMBLY | Public Act 104-0044 | | HB1158 Enrolled | LRB104 06162 RTM 16196 b |
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| AN ACT concerning local government. | Be it enacted by the People of the State of Illinois, | represented in the General Assembly: | Section 5. The Metropolitan Water Reclamation District Act | is amended by changing Section 9.6a as follows: | (70 ILCS 2605/9.6a) (from Ch. 42, par. 328.6a) | Sec. 9.6a. Bonds for sewage treatment, water quality, and | facility improvements. The corporate authorities of a sanitary | district, in order to provide funds required for the | replacing, remodeling, completing, altering, constructing and | enlarging of sewage treatment works, administrative buildings, | water quality improvement projects, distributed renewable | energy generation devices, or flood control facilities, and | additions therefor, pumping stations, tunnels, conduits, | intercepting sewers and outlet sewers, together with the | equipment, including air pollution equipment, and | appurtenances thereto, to acquire property, real, personal or | mixed, necessary for said purposes, for costs and expenses for | the acquisition of the sites and rights-of-way necessary | thereto, and for engineering expenses for designing and | supervising the construction of such works, may issue on or | before December 31, 2034, in addition to all other obligations | heretofore or herein authorized, bonds, notes, or other |
| evidences of indebtedness for such purposes in an aggregate | amount at any one time outstanding not to exceed 3.35% of the | equalized assessed valuation of all taxable property within | the sanitary district, to be ascertained by the last | assessment for State and local taxes previous to the issuance | of any such obligations. Such obligations shall be issued | without submitting the question of such issuance to the legal | voters of such sanitary district for approval. | The corporate authorities may sell such obligations at | private or public sale and enter into any contract or | agreement necessary, appropriate or incidental to the exercise | of the powers granted by this Act, including, without | limitation, contracts or agreements for the sale and purchase | of such obligations and the payment of costs and expenses | incident thereto. The corporate authorities may pay such costs | and expenses, in whole or in part, from the corporate fund. | Such obligations shall be issued from time to time only in | amounts as may be required for such purposes but the amount of | such obligations issued during any one budget year shall not | exceed $250,000,000 $150,000,000 plus the amount of any | obligations authorized by this Act to be issued during the 3 | budget years next preceding the year of issuance but which | were not issued, provided, however, that this limitation shall | not be applicable (i) to the issuance of obligations to refund | bonds, notes or other evidences of indebtedness, (ii) to | obligations issued to provide for the repayment of money |
| received from the Water Pollution Control Revolving Fund for | the construction or repair of wastewater treatment works, and | (iii) to obligations issued as part of the American Recovery | and Reinvestment Act of 2009, issued prior to January 1, 2011, | that are commonly known as "Build America Bonds" as authorized | by Section 54AA of the Internal Revenue Code of 1986, as | amended. Each ordinance authorizing the issuance of the | obligations shall state the general purpose or purposes for | which they are to be issued, and the corporate authorities may | at any time thereafter pass supplemental appropriations | ordinances appropriating the proceeds from the sale of such | obligations for such purposes. | Notwithstanding anything to the contrary in Section 9.6 or | this Section, and in addition to any other amount of bonds | authorized to be issued under this Act, the corporate | authorities are authorized to issue from time to time bonds of | the district in a principal amount not to exceed $600,000,000 | for the purpose of making contributions to the pension fund | established under Article 13 of the Illinois Pension Code | without submitting the question of issuing bonds to the voters | of the District. Any bond issuances under this paragraph are | intended to decrease the unfunded liability of the pension | fund and shall not decrease the amount of the employer | contributions required in any given year under Section 13-503 | of the Illinois Pension Code. | The corporate authorities may issue bonds, notes or other |
| evidences of indebtedness in an amount necessary to provide | funds to refund outstanding obligations issued pursuant to | this Section, including interest accrued or to accrue thereon. | (Source: P.A. 102-707, eff. 4-22-22; 103-299, eff. 1-1-24.) |
Effective Date: 1/1/2026
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