Illinois 2023-2024 Regular Session

Illinois House Bill HB2033 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	Public Act 103-0137
2	1		HB2033 EnrolledLRB103 04923 HLH 49933 b HB2033 Enrolled LRB103 04923 HLH 49933 b
3	2		HB2033 Enrolled LRB103 04923 HLH 49933 b
4		-	AN ACT concerning finance.
5		-	Be it enacted by the People of the State of Illinois,
6		-	represented in the General Assembly:
7		-	Section 5. The Local Government Debt Reform Act is amended
8		-	by changing Section 16 as follows:
9		-	(30 ILCS 350/16) (from Ch. 17, par. 6916)
10		-	Sec. 16. Levy for bonds.
11		-	(a) A governmental unit may levy a tax for the payment of
12		-	principal of and interest on general obligation bonds or
13		-	limited bonds at any time prior to March 1 of the calendar year
14		-	during which the tax will be collected. The county clerk shall
15		-	accept the filing of the ordinance levying such tax
16		-	notwithstanding that such time is subsequent to the end of the
17		-	calendar year next preceding the calendar year during which
18		-	such tax will be collected.
19		-	(b) The county clerk shall accept the electronic filing of
20		-	any ordinance under subsection (a). If a governmental unit
21		-	files an ordinance under subsection (a) electronically, then
22		-	the governmental unit shall maintain an original signed copy
23		-	of the ordinance as long as the general obligation bonds or
24		-	limited bonds remain outstanding.
25		-	(c) In extending taxes for general obligation bonds, the
26		-	county clerk shall add to the levy for debt service on such
	3	+	1 AN ACT concerning finance.
	4	+	2 Be it enacted by the People of the State of Illinois,
	5	+	3 represented in the General Assembly:
	6	+	4 Section 5. The Local Government Debt Reform Act is amended
	7	+	5 by changing Section 16 as follows:
	8	+	6 (30 ILCS 350/16) (from Ch. 17, par. 6916)
	9	+	7 Sec. 16. Levy for bonds.
	10	+	8 (a) A governmental unit may levy a tax for the payment of
	11	+	9 principal of and interest on general obligation bonds or
	12	+	10 limited bonds at any time prior to March 1 of the calendar year
	13	+	11 during which the tax will be collected. The county clerk shall
	14	+	12 accept the filing of the ordinance levying such tax
	15	+	13 notwithstanding that such time is subsequent to the end of the
	16	+	14 calendar year next preceding the calendar year during which
	17	+	15 such tax will be collected.
	18	+	16 (b) The county clerk shall accept the electronic filing of
	19	+	17 any ordinance under subsection (a). If a governmental unit
	20	+	18 files an ordinance under subsection (a) electronically, then
	21	+	19 the governmental unit shall maintain an original signed copy
	22	+	20 of the ordinance as long as the general obligation bonds or
	23	+	21 limited bonds remain outstanding.
	24	+	22 (c) In extending taxes for general obligation bonds, the
	25	+	23 county clerk shall add to the levy for debt service on such
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30	29		HB2033 Enrolled LRB103 04923 HLH 49933 b
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33		-	bonds an amount sufficient, in view of all losses and
34		-	delinquencies in tax collection, to produce tax receipts
35		-	adequate for the prompt payment of such debt service.
36		-	(Source: P.A. 91-493, eff. 8-13-99.)
37		-	Section 99. Effective date. This Act takes effect upon
38		-	becoming law.
	32	+	HB2033 Enrolled- 2 -LRB103 04923 HLH 49933 b HB2033 Enrolled - 2 - LRB103 04923 HLH 49933 b
	33	+	HB2033 Enrolled - 2 - LRB103 04923 HLH 49933 b
	34	+	1 bonds an amount sufficient, in view of all losses and
	35	+	2 delinquencies in tax collection, to produce tax receipts
	36	+	3 adequate for the prompt payment of such debt service.
	37	+	4 (Source: P.A. 91-493, eff. 8-13-99.)
	38	+	5 Section 99. Effective date. This Act takes effect upon
	39	+	6 becoming law.
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	42	+
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	45	+	HB2033 Enrolled - 2 - LRB103 04923 HLH 49933 b