Illinois HB 1158: INC TX-BASIC EXEMPTION AMOUNT

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 Full Text of HB1158

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HB1158 EnrolledLRB104 06162 RTM 16196 b

1 AN ACT concerning local government.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Metropolitan Water Reclamation District Act 

5is amended by changing Section 9.6a as follows:

6 (70 ILCS 2605/9.6a) (from Ch. 42, par. 328.6a)

7 Sec. 9.6a. Bonds for sewage treatment, water quality, and 

8facility improvements. The corporate authorities of a sanitary 

9district, in order to provide funds required for the 

10replacing, remodeling, completing, altering, constructing and 

11enlarging of sewage treatment works, administrative buildings, 

12water quality improvement projects, distributed renewable 

13energy generation devices, or flood control facilities, and 

14additions therefor, pumping stations, tunnels, conduits, 

15intercepting sewers and outlet sewers, together with the 

16equipment, including air pollution equipment, and 

17appurtenances thereto, to acquire property, real, personal or 

18mixed, necessary for said purposes, for costs and expenses for 

19the acquisition of the sites and rights-of-way necessary 

20thereto, and for engineering expenses for designing and 

21supervising the construction of such works, may issue on or 

22before December 31, 2034, in addition to all other obligations 

23heretofore or herein authorized, bonds, notes, or other 

HB1158 Enrolled- 2 -LRB104 06162 RTM 16196 b

1evidences of indebtedness for such purposes in an aggregate 

2amount at any one time outstanding not to exceed 3.35% of the 

3equalized assessed valuation of all taxable property within 

4the sanitary district, to be ascertained by