30 ILCS 352/1
Short title
Short title. This Act may be cited as the Bond Issue Notification Act. (Source: P.A. 89-655, eff. 1-1-97.)
Illinois Compiled Statutes 30 ILCS 352 — Bond Issue Notification Act.
Illinois · statute · 30 ILCS 352 · 13 active provisions
30 ILCS 352/5
Definitions
Definitions. In this Act the following terms shall have the meanings as set forth in Section 3 of the Local Government Debt Reform Act: applicable law, backdoor referendum, general obligation bonds, governing body, governmental entity, limited bonds, and ordinance. (Source: P.A. 89-655, eff. 1-1-97.)
30 ILCS 352/10
Hearing requirements
Hearing requirements. Notwithstanding and in addition to any other law, before adopting an ordinance selling non-referendum general obligation bonds or limited bonds, the governing body of the governmental unit proposing to sell the bonds shall hold at least one public hearing concerning the governing body's intent to…
30 ILCS 352/15
Notice requirement
Notice requirement. The clerk or secretary of the governmental unit shall publish notice of the hearing at least once in a newspaper of general circulation in the governmental unit not less than 7 nor more than 30 days before the date of the hearing. The notice shall also be given by posting at least 48 hours before th…
30 ILCS 352/20
Hearing
Hearing. At the hearing required in Section 10, the governing body shall explain the reasons for the proposed bond issue and permit persons desiring to be heard an opportunity to present written or oral testimony within reasonable time limits. The hearing may be adjourned to another date without further notice other th…
30 ILCS 352/21
Bond issues of school districts; hearings; disclosure
Bond issues of school districts; hearings; disclosure. (a) After January 1, 2018, before issuing bonds under Sections 19-2 through 19-7 of the School Code, a school district relying on an exception to the debt limitations in Section 19-1 of the School Code shall hold a hearing as required under this Act. In addition to…
30 ILCS 352/25
Restriction on ordinance passage
Restriction on ordinance passage. The governing body shall not adopt the ordinance selling the non-referendum general obligation bonds or limited bonds for a period of 7 days after the final adjournment of the public hearing held under this Act. (Source: P.A. 89-655, eff. 1-1-97.)
30 ILCS 352/30
Exemptions
Exemptions. Governmental units that are issuing either (i) refunding general obligation bonds, (ii) refunding limited bonds, or (iii) special service area bonds are not required to comply with the provisions of this Act. (Source: P.A. 91-595, eff. 8-14-99.)
30 ILCS 352/35
Health/Life Safety Code
Health/Life Safety Code. If the Regional Superintendent of Schools having jurisdiction over a school district certifies to the school district and the State Board of Education that the work proposed for which the non-referendum general obligation bonds or limited bonds will be issued is work that is required in order t…
30 ILCS 352/40
Emergency situations
Emergency situations. Governmental units that are issuing non-referendum general obligation bonds or limited bonds for the purpose of making improvements or restorations, the necessity for which is caused by any casualty, accident, or emergency, are not required to comply with the provisions of this Act. As used in thi…
30 ILCS 352/95
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 89-655, eff. 1-1-97; text omitted.)
30 ILCS 352/100
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 89-655, eff. 1-1-97; text omitted.)
30 ILCS 352/105
(Amendatory provisions; text omitted)
(Amendatory provisions; text omitted). (Source: P.A. 89-655, eff. 1-1-97; text omitted.)