Sen. Michael W. Frerichs
Filed: 3/18/2010
 
 

 




 

 		












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AMENDMENT TO SENATE BILL 2505




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    AMENDMENT NO. ______. Amend Senate Bill 2505, AS AMENDED, 
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with reference to page and line numbers of Senate  Amendment No. 
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1, on page 2, line 14, by replacing "10" with "20 10"; and





 
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on page 8, line 13, by replacing "therefor" with "for those 
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purposes therefor"; and
 
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on page 11, line 22, by replacing "improvement means" with 
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"improvement" means"; and
 
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on page 11, line 23, after "for", by inserting "or serving" ; 
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and
 
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on page 13, line 18, by replacing "consent" with "contract"; 
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and
 
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on page 13, lines 24 and 25, by replacing "by either (i)" with 
 


 






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"either (i) by"; and
 
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on page 14, line 6, by replacing "27-45" with "27-40"; and
 
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on page 14, immediately below line 26, by inserting the 
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following:
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    "Municipalities and counties shall have the power to issue 
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bonds under Section 27-45 for the public purposes set forth in 
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this Section 27-97; provided that is not necessary to conduct a 
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public hearing, as required in Section 27-45,  in connection 
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with the issuance of those bonds."; and
 
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on page 15, line 5, after "improvements", by inserting "; 
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provided that it is not necessary to file a copy of the notice 
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of public hearing with the County Clerk as otherwise required 
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by Section 27-45.
 
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on page 15, line 23, after "agreement.",  by inserting 
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"Municipalities must have consent from the County Clerk before 
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creating a Green Special Service Area."; and
 
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on page 16, immediately below line 1, by inserting the 
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following:
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    "(d)  Any unit of local government with the authority to 
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provide special service area financing in connection with green 
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special service area projects, as provided in the Special 
 


 






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Service Area Tax Law, is authorized to do any of the following:  
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(i)  issue special service area bonds, (ii) sell or assign those 
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bonds to the Authority, and (iii) assign or pledge those 
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special service area bonds, agreements relating to public and  
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private green special service area projects, or both to the 
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Illinois Finance Authority."; and
 
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on page 16, line 2, by replacing "(d)" with "(e)"; and
 
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on page 22, line 2, by replacing "renewal" with "renewable"; 
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and
 
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on page 22, line 3, by replacing "to their" with "to or serving 
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the designated"; and
 
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on page 23, line 6, by replacing "to their" with "to or serving 
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the designated".