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91_SB0376ham001
LRB9103085PTpkam02
1 AMENDMENT TO SENATE BILL 376
2 AMENDMENT NO. . Amend Senate Bill 376 on page 4,
3 below line 32, by inserting the following:
4 "For the purpose of permitting the issuance of warrants
5 or notes in anticipation of the taxes to be levied, a taxing
6 district may hold (on any date prior to the first week in
7 December) a hearing on its intent to adopt an aggregate levy.
8 If the estimate of the aggregate levy is more than the amount
9 extended or estimated to be extended, plus any amount abated
10 by the corporate authority prior to the extension, upon the
11 final aggregate levy of the preceding year, exclusive of
12 election costs, notice of this hearing shall be given in the
13 same manner as provided in this Division 2.1. This earlier
14 hearing shall be in addition to, and not instead of, the
15 mandatory December hearing, but may be conducted in
16 conjunction with a regular meeting of the taxing district.".