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Illinois General Assembly· HB 1158Governor Approved

METRO WATER RECLAMATION BONDS, the official text

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HB1158 Enrolled                      LRB104 06162 RTM 16196 b

1  AN ACT concerning local government.

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

3 represented in the General Assembly:

4  Section 5. The Metropolitan Water Reclamation District Act

5 is 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

8 facility improvements. The corporate authorities of a sanitary

9 district, in order to provide funds required for the

10 replacing, remodeling, completing, altering, constructing and

11 enlarging of sewage treatment works, administrative buildings,

12 water quality improvement projects, distributed renewable

13 energy generation devices, or flood control facilities, and

14 additions therefor, pumping stations, tunnels, conduits,

15 intercepting sewers and outlet sewers, together with the

16 equipment, including air pollution equipment, and

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

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

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

20 thereto, and for engineering expenses for designing and

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

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

23 heretofore or herein authorized, bonds, notes, or other
    HB1158 Enrolled  -2-  LRB104 06162 RTM 16196 b

1 evidences of indebtedness for such purposes in an aggregate

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

3 equalized assessed valuation of all taxable property within

4 the sanitary district, to be ascertained by the last

5 assessment for State and local taxes previous to the issuance

6 of any such obligations. Such obligations shall be issued

7 without submitting the question of such issuance to the legal

8 voters of such sanitary district for approval.

9   The corporate authorities may sell such obligations at

10 private or public sale and enter into any contract or

11 agreement necessary, appropriate or incidental to the exercise

12 of the powers granted by this Act, including, without

13 limitation, contracts or agreements for the sale and purchase

14 of such obligations and the payment of costs and expenses

15 incident thereto. The corporate authorities may pay such costs

16 and expenses, in whole or in part, from the corporate fund.

17  Such obligations shall be issued from time to time only in

18 amounts as may be required for such purposes but the amount of

19 such obligations issued during any one budget year shall not

20 exceed $250,000,000 $150,000,000 plus the amount of any

21 obligations authorized by this Act to be issued during the 3

22 budget years next preceding the year of issuance but which

23 were not issued, provided, however, that this limitation shall

24 not be applicable (i) to the issuance of obligations to refund

25 bonds, notes or other evidences of indebtedness, (ii) to

26 obligations issued to provide for the repayment of money
    HB1158 Enrolled  -3-           LRB104 06162 RTM 16196 b

1 received from the Water Pollution Control Revolving Fund for

2 the construction or repair of wastewater treatment works, and

3 (iii) to obligations issued as part of the American Recovery

4 and Reinvestment Act of 2009, issued prior to January 1, 2011,

5 that are commonly known as "Build America Bonds" as authorized

6 by Section 54AA of the Internal Revenue Code of 1986, as

7 amended. Each ordinance authorizing the issuance of the

8 obligations shall state the general purpose or purposes for

9 which they are to be issued, and the corporate authorities may

10 at any time thereafter pass supplemental appropriations

11 ordinances appropriating the proceeds from the sale of such

12 obligations for such purposes.

13  Notwithstanding anything to the contrary in Section 9.6 or

14 this Section, and in addition to any other amount of bonds

15 authorized to be issued under this Act, the corporate

16 authorities are authorized to issue from time to time bonds of

17 the district in a principal amount not to exceed $600,000,000

18 for the purpose of making contributions to the pension fund

19 established under Article 13 of the Illinois Pension Code

20 without submitting the question of issuing bonds to the voters

21 of the District. Any bond issuances under this paragraph are

22 intended to decrease the unfunded liability of the pension

23 fund and shall not decrease the amount of the employer

24 contributions required in any given year under Section 13-503

25 of the Illinois Pension Code.

26  The corporate authorities may issue bonds, notes or other
HB1158 Enrolled  -4-  LRB104 06162 RTM 16196 b

1 evidences of indebtedness in an amount necessary to provide
2 funds to refund outstanding obligations issued pursuant to
3 this Section, including interest accrued or to accrue thereon.
4 (Source: P.A. 102-707, eff. 4-22-22; 103-299, eff. 1-1-24.)
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