[ Home ] [ ILCS ] [ Search ] [ Bottom ]
[ Other General Assemblies ]
Public Act 92-0381
HB1270 Enrolled LRB9203257SMdv
AN ACT in relation to taxes.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 1. Short title. This Act may be cited as the
School District Validation (2001) Act.
Section 5. Taxing validation. All taxes levied before
the effective date of this amendatory Act of the 92nd General
Assembly by any school district for the purpose of providing
funds for the payment of the principal of and interest on
bonds issued by that school district for the purpose of
implementing equitable remedies ordered by a federal court in
litigation involving school desegregation and refunding bonds
issued before the effective date of this amendatory Act of
the 92nd General Assembly to refund those bonds are hereby
validated, ratified, and confirmed as valid taxes lawfully
levied and fully authorized to be extended for collection
against all taxable property in the school district without
limitation as to rate or amount, notwithstanding that this
levy and extension of unlimited ad valorem taxes was not
authorized in accordance with law.
Section 10. Bonding validation. All bonds issued before
the effective date of this amendatory Act of the 92nd General
Assembly by any school district for the purpose of funding
the costs of equitable remedies ordered by a federal court in
litigation involving school desegregation and all refunding
bonds issued before the effective date of this amendatory Act
of the 92nd General Assembly to refund those bonds are hereby
validated, ratified, and confirmed as lawful, valid, and
binding general obligations of that school district,
notwithstanding that the bonds and refunding bonds were not
approved by referendum or otherwise authorized and issued in
accordance with law.
Section 15. Validation of actions of school district and
school board. All actions taken before the effective date of
this amendatory Act of the 92nd General Assembly by any
school district and its board of education to authorize and
issue bonds and refunding bonds for the purpose of
implementing equitable remedies ordered by a federal court in
litigation involving school desegregation and to levy and
extend unlimited ad valorem taxes for the payment of the
principal of and interest on bonds and refunding bonds issued
for the purpose of implementing equitable remedies ordered by
a federal court in litigation involving school desegregation
are hereby ratified, validated, and confirmed as valid and
lawful acts of that school district and board of education
undertaken in accordance with law, notwithstanding that the
bonds or refunding bonds were not approved by referendum or
otherwise authorized and issued in accordance with law and
notwithstanding that the unlimited ad valorem taxes were not
levied and authorized to be extended in accordance with law.
Section 99. Effective date. This Act takes effect upon
becoming law.
Passed in the General Assembly May 25, 2001.
Approved August 16, 2001.
[ Top ]