SB 83 — PROP TAX-EXTENSION LIMIT-BONDS
Last action — Public Act . . . . . . . . . 93-0601
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✓Introduced
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✓In Committee
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✓Passed Senate
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✓Passed House
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 22, 2003. Enacted.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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7 sponsors
0 primary, 7 co-sponsors signed on.
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Single-party support
Sponsorship is currently within one party (1 D).
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Mixed recorded votes
3 passed, 1 failed in recorded votes so far.
Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.
Summary
Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that "debt service extension base" means, for park districts (i) that were first subject to this Law in 1991 or 1995 and (ii) whose extension for the 1994 levy year for the payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds) was less than 51% of the amount for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds), an amount equal to that portion of the extension for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds). Provides that "excluded non-referendum bonds" means (i) bonds authorized for certain aquarium and museum projects, (ii) double-barrelled bonds, and (iii) refunding obligations issued to refund or to continue to refund obligations initially issued pursuant to referendum.
Bill Text
What changed in the latest version
14 added · 14 removedPlain-language change summary
The recent updates to Bill SB 83 show a transition from an earlier version labeled "Engrossed" to a final "Enrolled" version. Essentially, 14 lines have been added while an equal number of lines have been removed, indicating revisions were made to clarify or update specific provisions of the bill. These changes matter because they can influence how the bill is implemented and ensure that it aligns better with the needs and expectations of the public or stakeholders involved.
SB83 EngrossedEnrolled LRB093 04102 SJM 04142 b AN ACT in relation to taxes.
Beginning SB83 EngrossedEnrolled -2- LRB093 04102 SJM 04142 b with the levy year in which this Law becomes applicable to a taxing district as provided in Section 18-213, "taxing district" also includes those taxing districts made subject to this Law as provided in Section 18-213.
(h) made for payments of principal and interest on bonds issued under the Metropolitan Water Reclamation District Act to finance construction projects initiated before October 1, SB83 EngrossedEnrolled -3- LRB093 04102 SJM 04142 b 1991;
(e) made for SB83 EngrossedEnrolled -4- LRB093 04102 SJM 04142 b any taxing district to pay interest or principal on revenue bonds issued before March 1, 1995 for payment of which a property tax levy or the full faith and credit of the unit of local government is pledged;
(l) made for payments of principal and interest on bonds authorized by Public Act 87-1191 o _______ _____a______________________G________________ and ___________ _____a______________________o_____________________r_____________ _____i_____________ issued under Section 42 of the Cook County Forest Preserve District Act for zoological park projects, ____ ______i_____________________4_____________________o_____________ SB83 EngrossedEnrolled -5- LRB093 04102 SJM 04142 b _____r_____________________b______________________e____;
(f) made for SB83 EngrossedEnrolled -6- LRB093 04102 SJM 04142 b payments under a building commission lease when the lease payments are for the retirement of bonds issued by the commission before the date on which the referendum making this Law applicable to the taxing district is held to pay for the building project;
(c) made for any taxing district to pay interest or principal on bonds issued to refund or SB83 EngrossedEnrolled -7- LRB093 04102 SJM 04142 b continue to refund those bonds issued before the effective date of this amendatory Act of 1997;
and (j) made for a qualified airport authority to pay interest or principal on general obligation bonds issued for the purpose of paying obligations due under, or financing airport facilities required to be acquired, constructed, installed or equipped pursuant to, contracts entered into before March 1, 1996 (but not including any amendments to SB83 EngrossedEnrolled -8- LRB093 04102 SJM 04142 b such a contract taking effect on or after that date).
a___ -- (iii) refunding obligations issued to refund or to continue to refund obligations initially issued pursuant SB83 EngrossedEnrolled -9- LRB093 04102 SJM 04142 b to referendum.
"Qualified airport authority" means an airport authority organized under the Airport Authorities Act and located in a SB83 EngrossedEnrolled -10- LRB093 04102 SJM 04142 b county bordering on the State of Wisconsin and having a population in excess of 200,000 and not greater than 500,000.
In the first year after a municipality removes a taxable lot, block, tract, or parcel of real property from a redevelopment project area SB83 EngrossedEnrolled -11- LRB093 04102 SJM 04142 b established under the Tax Increment Allocation Development Act in the Illinois Municipal Code, the Industrial Jobs Recovery Law in the Illinois Municipal Code, or the Economic Development Area Tax Increment Allocation Act, "recovered tax increment value" means the amount of the current year's equalized assessed value of each taxable lot, block, tract, or parcel of real property removed from the redevelopment project area over and above the initial equalized assessed value of that real property before removal from the redevelopment project area.
(70 ILCS 810/21.2 new) _e_____________________s______________________i_____________ _____t_____________________n______________________s_____________ SB83 EngrossedEnrolled -12- LRB093 04102 SJM 04142 b _____r_____________________d______________________a_____________ _____s_____________________a______________________i_____________ _____a_____________________d______________________r_____________ _____t_____________________c______________________o_____________ _____r______________________t_____________________u_____________ _____a_____________________o______________________e_____________ _______t___________________t______________________h_____________ _____0_____________________a______________________o_____________ _____m_____________________e______________________t_____________ ______f____________________f______________________h_____________ _____n______________________t_____________________a_____________ _____u_____________________r______________________t_____________ _____p________ _l______________________f_____________________o_____________ _____d_____________________o______________________i_____________ _____b_____________________u_______________________o____________ _____s______________________S________ _h_____________________i______________________s_____________ _____h_____________________n_______________________t____________ _____r_____________________s______________________d_____________ _____i_____________________a_______________________t____________ _____o_______________________T______________________l___________ _____c_____________________i______________________o_____________ _____r_____________________l______________________h_____________ _____t_____________________t______________________i_____________ _____r______________ (70 ILCS 810/42) (from Ch.
For the purpose of making capital improvements and major repairs in connection with a zoological park, the corporate authorities of the forest preserve district in which such park is maintained may from time to time incur an indebtedness and issue bonds therefor o--------f------------- -----1---- in amounts not exceeding in the aggregate SB83 EngrossedEnrolled -13- LRB093 04102 SJM 04142 b _____4______ -----------.
All moneys received from the issuance of bonds as SB83 EngrossedEnrolled -14- LRB093 04102 SJM 04142 b provided in this Section shall be set apart in a separate fund by the district treasurer and shall be used only for the purposes set forth in this Section.
Action History
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Public Act . . . . . . . . . 93-0601
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Effective Date January 1, 2004
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Both Houses Override Total Veto
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Override Governor Veto - House Passed 075-040-000
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3/5 Vote Required
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Motion Filed Override Governor Veto Rep. Angelo Saviano
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Placed on Calendar Total Veto November 18, 2003
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Override Governor Veto - Senate Passed 036-020-001
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3/5 Vote Required
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Motion to Reconsider Vote - Prevails 033-019-001
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Motion Filed to Reconsider Vote Sen. Gary Forby
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Override Governor Veto - Senate Lost 035-019-002
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Verified
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3/5 Vote Required
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Motion Filed Override Governor Veto Sen. Terry Link
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Placed Calendar Total Veto November 4, 2003
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Governor Vetoed
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Sent to the Governor
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Added Alternate Co-Sponsor Rep. Deborah L. Graham
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Passed Both Houses
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Third Reading - Short Debate - Passed 064-050-003
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Third Reading/Final Action Deadline Extended-9(b) May 31, 2003
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Added Alternate Co-Sponsor Rep. Karen May
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Committee/3rd Reading Deadline Extended-Rule 9(b); May 23, 2003
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Added Alternate Co-Sponsor Rep. Marlow H. Colvin
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Added Alternate Co-Sponsor Rep. Julie Hamos
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Placed on Calendar Order of 3rd Reading - Short Debate
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Second Reading - Short Debate
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Added Alternate Co-Sponsor Rep. Lovana Jones
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Placed on Calendar 2nd Reading - Short Debate
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Do Pass / Short Debate Revenue Committee; 008-001-000
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Added Alternate Co-Sponsor Rep. Susana Mendoza
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Added Alternate Chief Co-Sponsor Rep. Eddie Washington
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Added Alternate Chief Co-Sponsor Rep. Karen A. Yarbrough
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Assigned to Revenue Committee
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Added Alternate Chief Co-Sponsor Rep. Robert S. Molaro
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Added Alternate Chief Co-Sponsor Rep. Jack McGuire
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Referred to Rules Committee
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First Reading
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Chief House Sponsor Rep. Angelo Saviano
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Placed on Calendar Order of First Reading
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Arrived in House
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Third Reading - Passed; 033-020-002
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Placed on Calendar Order of 3rd Reading March 6, 2003
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Second Reading
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Fiscal Note Filed
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Sponsor Removed Sen. Christine Radogno
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Placed on Calendar Order of 2nd Reading February 26, 2003
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Do Pass as Amended Revenue; 006-004-000
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Senate Committee Amendment No. 1 Adopted
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Senate Committee Amendment No. 1 Rules Refers to Revenue
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Added as Co-Sponsor Sen. Susan Garrett
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Senate Committee Amendment No. 1 Referred to Rules
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Senate Committee Amendment No. 1 Filed with Secretary by Sen. Terry Link
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Added as Co-Sponsor Sen. Christine Radogno
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Added as Chief Co-Sponsor Sen. Lawrence M. Walsh
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Assigned to Revenue
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Referred to Rules
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First Reading
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Filed with Secretary by Sen. Terry Link
Sponsors
- Terry Link · Cosponsor
- Susana Mendoza · Cosponsor
- Julie Hamos · Cosponsor
- Marlow H. Colvin · Cosponsor
- Karen May · Cosponsor
- Deborah L. Graham · Cosponsor
- III Emil Jones · Cosponsor
Sponsorship breakdown
Export CSV (upgrade) →0 sponsors · 7 co-sponsors · 176 not signed on · 5 voted No
Sponsors (0)
None.
Co-sponsors (7)
- Terry Link
- Susana Mendoza
- Julie Hamos
- Marlow H. Colvin
- Karen May
- Deborah L. Graham
- Emil Jones, III Democrat
Not signed on (176)
176 members have not signed on to this bill.
Show all 176 →"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 67 | 37 | 0 | 1 |
| Democrat | 7 | 1 | 0 | 1 |
| Republican | 1 | 2 | 0 | 0 |
| Total | 75 | 40 | 0 | 2 |
| % of votes cast | 64% | 34% | 0% | 2% |
How each member voted (117)
| Member | Party | Vote |
|---|---|---|
| Saviano | — | Yea |
| Schmitz | — | Nay |
| Scully | — | Yea |
| Slone | — | Yea |
| Sommer | — | Nay |
| Soto | — | Yea |
| Acevedo | — | Yea |
| Aguilar | — | Nay |
| Bassi | — | Nay |
| Mathias | — | Yea |
| Beaubien | — | Yea |
| Bellock | — | Yea |
| Berrios | — | Yea |
| Mautino | — | Yea |
| Biggins | — | Yea |
| Black | — | Yea |
| Boland | — | Yea |
| May | — | Yea |
| Bost | — | Yea |
| Brauer | — | Yea |
| Brosnahan | — | Yea |
| Capparelli | — | Yea |
| McAuliffe | — | Nay |
| Jakobsson | — | Nay |
| Jefferson | — | Nay |
| Osmond | — | Yea |
| Parke | — | Nay |
| Lang | — | Yea |
| Leitch | — | Yea |
| Lindner | — | Yea |
| Bailey | — | Yea |
| Lyons, Eileen | — | Yea |
| Dunkin | — | Yea |
| Eddy | — | Yea |
| Lyons, Joseph | — | Yea |
| Krause | — | Yea |
| Kurtz | — | Yea |
| Reitz | — | Yea |
| Madigan | — | Yea |
| McKeon | — | Yea |
| Mendoza | — | Yea |
| Meyer | — | Yea |
| Molaro | — | Yea |
| Morrow | — | Yea |
| McGuire | — | Yea |
| Mulligan | — | Yea |
| Novak | — | Yea |
| O'Brien | — | Yea |
| Osterman | — | Yea |
| Bradley, Richard | — | Yea |
| Pankau | — | Nay |
| Phelps | — | Nay |
| Hannig | — | Yea |
| Pihos | — | Nay |
| Turner | — | Yea |
| Burke | — | Yea |
| Mitchell, Jerry | — | Yea |
| Washington | — | Yea |
| Winters | — | Yea |
| Yarbrough | — | Yea |
| Howard | — | Yea |
| Younge | — | Yea |
| Jones | — | Yea |
| Davis, Monique | — | Yea |
| Davis, Steve | — | Yea |
| Churchill | — | Yea |
| Colvin | — | Yea |
| Currie | — | Yea |
| Daniels | — | Yea |
| Dunn | — | Nay |
| Flider | — | Nay |
| Flowers | — | Yea |
| Franks | — | Nay |
| Giles | — | Yea |
| Graham | — | Yea |
| Granberg | — | Yea |
| Hamos | — | Yea |
| Hassert | — | Yea |
| Holbrook | — | Yea |
| Bradley, John | — | Nay |
| Brady | — | Nay |
| Mitchell, Bill | — | Nay |
| Sullivan | — | Nay |
| McCarthy | — | Nay |
| Watson | — | Nay |
| Millner | — | Nay |
| Moffitt | — | Nay |
| Munson | — | Nay |
| Myers | — | Nay |
| Nekritz | — | Nay |
| Tenhouse | — | Nay |
| Verschoore | — | Nay |
| Wait | — | Not Voting |
| Coulson | — | Nay |
| Cross | — | Nay |
| Cultra | — | Nay |
| Fritchey | — | Nay |
| Froehlich | — | Nay |
| Grunloh | — | Nay |
| Hultgren | — | Nay |
| Kosel | — | Nay |
| Poe | — | Yea |
| Ryg | — | Nay |
| Sacia | — | Yea |
| Chapa LaVia | — | Nay |
| Eva-Dina Delgado | Democrat | Yea |
| Jay Hoffman | Democrat | Yea |
| Lakesia Collins | Democrat | Not Voting |
| Michael J. Kelly | Democrat | Yea |
| Nicholas K. Smith | Democrat | Yea |
| Patrick J. Joyce | Democrat | Nay |
| Robert "Bob" Rita | Democrat | Yea |
| Sara Feigenholtz | Democrat | Yea |
| William "Will" Davis | Democrat | Yea |
| Brad Stephens | Republican | Nay |
| Chapin Rose | Republican | Nay |
| Chris Miller | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 28 | 20 | 0 | 3 |
| Democrat | 7 | 0 | 0 | 0 |
| Republican | 1 | 0 | 0 | 0 |
| Total | 36 | 20 | 0 | 3 |
| % of votes cast | 61% | 34% | 0% | 5% |
How each member voted (59)
| Member | Party | Vote |
|---|---|---|
| Sandoval | — | Yea |
| Sieben | — | Nay |
| Silverstein | — | Yea |
| Soden | — | Yea |
| Link | — | Yea |
| Althoff | — | Nay |
| Martinez | — | Yea |
| Bomke | — | Nay |
| Burzynski | — | Nay |
| Forby | — | Yea |
| Geo-Karis | — | Yea |
| Halvorson | — | Yea |
| Obama | — | Yea |
| Maloney | — | Yea |
| Meeks | — | Yea |
| Risinger | — | Yea |
| Schoenberg | — | Yea |
| Munoz | — | Yea |
| Trotter | — | Yea |
| Viverito | — | Yea |
| Jacobs | — | Yea |
| Cullerton | — | Yea |
| Demuzio | — | Yea |
| Brady | — | Nay |
| Sullivan, D. | — | Nay |
| Clayborne | — | Yea |
| Crotty | — | Yea |
| DeLeo | — | Yea |
| Dillard | — | Yea |
| Garrett | — | Yea |
| Haine | — | Yea |
| Hendon | — | Yea |
| Lauzen | — | Nay |
| Sullivan, J. | — | Nay |
| Petka | — | Nay |
| Luechtefeld | — | Nay |
| Jones, J. | — | Nay |
| Watson | — | Nay |
| Jones, W. | — | Not Voting |
| Shadid | — | Not Voting |
| Winkel | — | Nay |
| Wojcik | — | Not Voting |
| Cronin | — | Nay |
| Peterson | — | Nay |
| Radogno | — | Nay |
| Rauschenberger | — | Nay |
| Righter | — | Nay |
| Ronen | — | Yea |
| Roskam | — | Nay |
| Rutherford | — | Nay |
| del Valle | — | Yea |
| Don Harmon | Democrat | Yea |
| Emanuel "Chris" Welch | Democrat | Yea |
| Emil Jones, III | Democrat | Yea |
| Kimberly A. Lightford | Democrat | Yea |
| Lakesia Collins | Democrat | Yea |
| Lawrence "Larry" Walsh, Jr. | Democrat | Yea |
| Mattie Hunter | Democrat | Yea |
| Dave Syverson | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 56 | 48 | 0 | 2 |
| Democrat | 7 | 0 | 0 | 2 |
| Republican | 1 | 2 | 0 | 0 |
| Total | 64 | 50 | 0 | 4 |
| % of votes cast | 54% | 42% | 0% | 3% |
How each member voted (118)
| Member | Party | Vote |
|---|---|---|
| Saviano | — | Yea |
| Schmitz | — | Nay |
| Scully | — | Yea |
| Slone | — | Yea |
| Sommer | — | Nay |
| Soto | — | Yea |
| Acevedo | — | Yea |
| Aguilar | — | Nay |
| Mathias | — | Yea |
| Bassi | — | Nay |
| Beaubien | — | Yea |
| Bellock | — | Nay |
| Berrios | — | Yea |
| Mautino | — | Yea |
| Biggins | — | Yea |
| Black | — | Yea |
| Boland | — | Nay |
| May | — | Yea |
| Bost | — | Nay |
| Brauer | — | Yea |
| Brosnahan | — | Yea |
| Capparelli | — | Yea |
| McCarthy | — | Nay |
| Morrow | — | Yea |
| Eddy | — | Not Voting |
| Franks | — | Nay |
| Grunloh | — | Nay |
| Myers | — | Nay |
| Jakobsson | — | Nay |
| Jefferson | — | Nay |
| O'Brien | — | Nay |
| Pankau | — | Nay |
| Leitch | — | Yea |
| Lindner | — | Yea |
| McKeon | — | Yea |
| Mendoza | — | Yea |
| Millner | — | Yea |
| Molaro | — | Yea |
| Bailey | — | Yea |
| Lyons, Joseph | — | Yea |
| Reitz | — | Yea |
| Poe | — | Yea |
| McGuire | — | Yea |
| Bradley, Richard | — | Yea |
| Hannig | — | Yea |
| Burke | — | Yea |
| Mitchell, Jerry | — | Yea |
| Churchill | — | Yea |
| Flowers | — | Yea |
| Giles | — | Yea |
| Graham | — | Yea |
| Granberg | — | Yea |
| Hamos | — | Yea |
| Hassert | — | Yea |
| Howard | — | Yea |
| Krause | — | Yea |
| Jones | — | Yea |
| Kurtz | — | Nay |
| Lang | — | Yea |
| Davis, Monique | — | Yea |
| Davis, Steve | — | Yea |
| Madigan | — | Yea |
| McAuliffe | — | Nay |
| Lyons, Eileen | — | Nay |
| Meyer | — | Nay |
| Moffitt | — | Nay |
| Mulligan | — | Yea |
| Munson | — | Nay |
| Nekritz | — | Nay |
| Novak | — | Yea |
| Osmond | — | Nay |
| Osterman | — | Yea |
| Parke | — | Nay |
| Brady | — | Nay |
| Phelps | — | Nay |
| Mitchell, Bill | — | Nay |
| Sullivan | — | Nay |
| Pihos | — | Nay |
| Tenhouse | — | Nay |
| Turner | — | Yea |
| Verschoore | — | Nay |
| Wait | — | Nay |
| Watson | — | Nay |
| Washington | — | Yea |
| Winters | — | Nay |
| Wirsing | — | Yea |
| Colvin | — | Yea |
| Coulson | — | Nay |
| Cross | — | Nay |
| Cultra | — | Nay |
| Currie | — | Yea |
| Daniels | — | Yea |
| Dunkin | — | Not Voting |
| Dunn | — | Nay |
| Flider | — | Nay |
| Forby | — | Nay |
| Fritchey | — | Nay |
| Froehlich | — | Nay |
| Holbrook | — | Nay |
| Hultgren | — | Nay |
| Kosel | — | Nay |
| Yarbrough | — | Yea |
| Younge | — | Yea |
| Ryg | — | Nay |
| Sacia | — | Nay |
| Chapa LaVia | — | Nay |
| Eva-Dina Delgado | Democrat | Not Voting |
| Jay Hoffman | Democrat | Yea |
| Lakesia Collins | Democrat | Yea |
| Michael J. Kelly | Democrat | Yea |
| Nicholas K. Smith | Democrat | Yea |
| Patrick J. Joyce | Democrat | Not Voting |
| Robert "Bob" Rita | Democrat | Yea |
| Sara Feigenholtz | Democrat | Yea |
| William "Will" Davis | Democrat | Yea |
| Brad Stephens | Republican | Nay |
| Chapin Rose | Republican | Nay |
| Chris Miller | Republican | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 26 | 19 | 0 | 5 |
| Democrat | 7 | 0 | 0 | 0 |
| Republican | 0 | 1 | 0 | 0 |
| Total | 33 | 20 | 0 | 5 |
| % of votes cast | 57% | 34% | 0% | 9% |
How each member voted (58)
| Member | Party | Vote |
|---|---|---|
| Sandoval | — | Yea |
| Silverstein | — | Yea |
| Maloney | — | Yea |
| Martinez | — | Yea |
| Bomke | — | Nay |
| Burzynski | — | Nay |
| Cronin | — | Not Voting |
| DeLeo | — | Yea |
| Link | — | Yea |
| Obama | — | Yea |
| Schoenberg | — | Yea |
| Jacobs | — | Yea |
| Trotter | — | Yea |
| Cullerton | — | Yea |
| Demuzio | — | Yea |
| Viverito | — | Yea |
| Crotty | — | Yea |
| Dillard | — | Yea |
| Garrett | — | Yea |
| Halvorson | — | Yea |
| Hendon | — | Yea |
| Wojcik | — | Yea |
| Woolard | — | Yea |
| Lauzen | — | Nay |
| Munoz | — | Yea |
| Brady | — | Nay |
| Sullivan, D. | — | Nay |
| Petka | — | Nay |
| Sullivan, J. | — | Nay |
| Jones, J. | — | Nay |
| Watson | — | Nay |
| Luechtefeld | — | Nay |
| Meeks | — | Yea |
| Jones, W. | — | Not Voting |
| Shadid | — | Yea |
| Sieben | — | Nay |
| Clayborne | — | Not Voting |
| Geo-Karis | — | Yea |
| Haine | — | Nay |
| Winkel | — | Nay |
| Peterson | — | Nay |
| Philip | — | Not Voting |
| Radogno | — | Not Voting |
| Rauschenberger | — | Nay |
| Righter | — | Nay |
| Risinger | — | Nay |
| Ronen | — | Yea |
| Roskam | — | Nay |
| Rutherford | — | Nay |
| del Valle | — | Yea |
| Don Harmon | Democrat | Yea |
| Emanuel "Chris" Welch | Democrat | Yea |
| Emil Jones, III | Democrat | Yea |
| Kimberly A. Lightford | Democrat | Yea |
| Lakesia Collins | Democrat | Yea |
| Lawrence "Larry" Walsh, Jr. | Democrat | Yea |
| Mattie Hunter | Democrat | Yea |
| Dave Syverson | Republican | Nay |
Subjects
Frequently asked questions
- What does SB 83 do?
- Amends the Property Tax Extension Limitation Law in the Property Tax Code. Provides that "debt service extension base" means, for park districts (i) that were first subject to this Law in 1991 or 1995 and (ii) whose extension for the 1994 levy year for the payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds) was less than 51% of the amount for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds), an amount equal to that portion of the extension for the 1991 levy year constituting an extension for payment of principal and interest on bonds issued by the park district without referendum (but not including excluded non-referendum bonds). Provides that "excluded non-referendum bonds" means (i) bonds authorized for certain aquarium and museum projects, (ii) double-barrelled bonds, and (iii) refunding obligations issued to refund or to continue to refund obligations initially issued pursuant to referendum.
- Who sponsors SB 83?
- SB 83 is sponsored by Terry Link, Susana Mendoza, Julie Hamos, Marlow H. Colvin, Karen May, Deborah L. Graham, and Emil Jones, III (Democrat).
- What is the current status of SB 83?
- This bill has been enacted into law. Introduced January 22, 2003. Enacted.
- Where can I track SB 83?
- Track SB 83 free on One Click Politics — get push/email alerts when it moves.
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