Public Act 104-0044
 
HB1158 EnrolledLRB104 06162 RTM 16196 b

    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.)