reglab/housing_qa huggingface dataset:
55 ILCS 5/6-4008
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-4008)Sec. 6-4008.     Petition for referendum.     If a petition is filed with the  county clerk not later than 28 days after the first publication or the  posting of the resolution, signed by not less than 5% of the number of  legal voters who voted at the last general election in such county,  requesting that the question of establishing an annual tax levy for the  purpose of obtaining funds to construct, reconstruct or remodel a  courthouse be submitted to the electors of the county, the county clerk  shall certify the question to the proper election officials for submission  at the next regular scheduled election in accordance with the general  election law.The question shall be substantially in the following form:    --------------------------------------------------------------Shall .............. county issue bond     YESin the amount of $........ to construct   --------------------(or reconstruct or remodel a courthouse)?      NO--------------------------------------------------------------The election shall be conducted in accordance with the general election  law, at the nonpartisan election in 1981.If a majority of the voters voting upon the aforesaid question vote in  favor of it, the bonds may be issued by such county, but if a majority of  the voters voting upon the question vote against the question the county  may not issue bonds for the purpose of constructing, reconstructing, or  remodeling a courthouse under the provisions of this Division.    (Source: P.A. 86-962.)
55 ILCS 5/6-4009
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-4009)Sec. 6-4009.     When resolution effective.     If no petition  is filed within the time herein provided, the resolution shall  be in full force and effect at the expiration of such period,  and such county may proceed to incur the indebtedness and may  issue and sell its bonds.  If a petition is filed, the resolution  shall be in abeyance until the election and it shall only be  effective if the question of incurring the indebtedness and the  issuance of bonds in the amount described, receives the favorable  vote of a majority of the voters of the county voting on the question.    (Source: P.A. 86-962.)
55 ILCS 5/6-4010
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-4010)Sec. 6-4010.     County under 300,000.(a) Any county having a population under 300,000 may, by resolution of  its county board, incur an indebtedness for the reconstruction and  remodeling of an existing courthouse or the construction of a new  courthouse and related facilities at the same or a new location and for the  acquisition of land and fixtures for the courthouse and related facilities and  may issue and sell its bonds and levy taxes upon all the taxable property of  the county sufficient to pay the principal of the bonds at maturity and to  pay interest on the bonds as it falls due upon approval of the issuance of  the bonds at a referendum held in accordance with the general election law.(b) The total amount of the bonds, together with existing indebtedness,  shall not exceed the limitation provided by law for indebtedness of the county.(c) Upon adoption of the resolution, the county board shall certify the  question of the issuance of the bonds to the appropriate election  officials.  The question shall be submitted to the electors of the county  in substantially the following form:Shall (name of county) issue bonds in the amount of     $(amount) to reconstruct and remodel the county courthouse (or construct a new county courthouse and related facilities at (state location) and acquire land and fixtures for the courthouse and related facilities, as the case may be)?The question is approved if a majority of the electors voting on the  question vote in favor of it.(d) Taxes levied for the payment of the principal of and interest on the  bonds shall be in addition to the maximum of taxes provided by statute for  counties and shall not be subject to the limitation for county taxes  provided in Section 5-1014.    (Source: P.A. 87-320.)
55 ILCS 5/Div. 6-5 heading
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 Division 6-5.      Bonds for Voting Machines
55 ILCS 5/6-5001
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5001)Sec. 6-5001.     Referendum.     For the purpose of purchasing voting  machines, the county board of any county having more than 500,000  inhabitants and in which county there has been a favorable vote on the  proposition of adopting voting machines as provided by Article 24 of "The  Election Code", as amended, may, by resolution, incur an indebtedness and  issue bonds therefor in the aggregate of not more than $500,000 in addition  to all bonded indebtedness authorized for that purpose prior to July 1, 1949.However, no resolution providing for the issuance of bonds as authorized  by Sections 6-5001 through 6-5005 shall be effective until it has been  submitted to referendum of the electors of that county.  The board shall  certify the resolution and the proposition to the proper election officials  who shall submit the proposition at an election in accordance with the  general election law. In addition to the requirements of the general  election law, notice of the referendum shall also set forth the substance of  the resolution. If a majority of those voting upon the proposition at such  referendum vote in favor of issuing such bonds, then the resolution shall  immediately become effective.    (Source: P.A. 86-962.)
55 ILCS 5/6-5002
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5002)Sec. 6-5002.     Resolution authorizing bonds.     The  resolution authorizing the issuance of such bonds shall specify  the total amount of bonds to be issued, the form and denomination of the  bonds, the date they are to bear, the place where they are payable, the  date or dates of maturity, which shall not be more than 20 years after the  date the bonds bear, the rate of interest which shall not exceed  the maximum rate authorized by the Bond Authorization Act, as amended at the  time of the making of the contract, and the dates on which interest is payable.Such resolution shall prescribe all the details of the bonds and shall  provide for the levy and collection of a direct annual tax upon all taxable  property within the county sufficient to pay the principal thereof at  maturity and to pay the interest thereon as it falls due, which tax shall  not be subject to any statutory limitations relative to taxes which may be  extended for county purposes.With respect to instruments for the payment of money issued under this  Section or its predecessor either before, on, or after the effective date  of Public Act 86-4, it is and always has been the intention of the General  Assembly (i) that the Omnibus Bond Acts are and always have been  supplementary grants of power to issue instruments in accordance with the  Omnibus Bond Acts, regardless of any provision of these Sections 6-5001  through 6-5005 or "An Act to authorize the issuance of bonds by a county  having more than 500,000 inhabitants for the purchase of voting machines,  and to provide for the payment therefor", approved July 20, 1949, that may  appear to be or to have been more restrictive than those Acts, (ii) that  the provisions of this Section or its predecessor are not a limitation on  the supplementary authority granted by the Omnibus Bond Acts, and (iii)  that instruments issued under this Section or its predecessor within the  supplementary authority granted by the Omnibus Bond Acts are not invalid  because of any provision of these Sections 6-5001 through 6-5005 or "An Act  to authorize the issuance of bonds by a county having more than 500,000  inhabitants for the purchase of voting machines, and to  provide for the payment therefor", approved July 20, 1949, that may appear to  be or to have been more restrictive than those Acts.    (Source: P.A. 90-655, eff. 7-30-98.)
55 ILCS 5/6-5003
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5003)Sec. 6-5003.     Execution of bonds.     The bonds shall be executed by such  officials as may be provided in the resolution authorizing the issue. They  may be made registerable as to principal and may be made callable on any  interest payment date at par and accrued interest after notice has been  given at the time and in the manner provided in the resolution. The bonds  shall remain valid even though one or more of the officers executing the  bonds ceases to hold office before the bonds are delivered.    (Source: P.A. 86-962.)
55 ILCS 5/6-5004
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5004)Sec. 6-5004.     Sinking fund.     The resolution may provide for the  creation  of a sinking fund to consist of the proceeds of the taxes levied  for the payment of the principal and interest upon these bonds. This fund  shall be faithfully applied to the purchase or payment of the bonds, and  the interest thereon, issued pursuant to the provisions of Sections 6-5001  through 6-5005.    (Source: P.A. 86-962.)
55 ILCS 5/6-5005
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5005)Sec. 6-5005.     Sale of bonds.     The bonds shall be sold to the highest  and best bidder at not less than their par value and accrued interest. The  county board shall advertise for proposals to purchase the bonds. Such  advertisement shall be published at least once in a newspaper having  circulation within the county at least 10 days prior to the date for  opening the bids. The county board may reserve the right to reject any and  all bids and to readvertise for bids.    (Source: P.A. 86-962.)
55 ILCS 5/6-5006
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5006)Sec. 6-5006.     Resolution and referendum on additional indebtedness.     For the purpose of purchasing voting machines, the county board of any  county having more than 500,000 inhabitants and in which county there has  been a favorable vote on the proposition of adopting voting machines as  provided by Article 24 of "The Election Code", as amended, may, by  resolution, incur an indebtedness and issue bonds therefor in the aggregate  of not more than $400,000 in addition to all bonded indebtedness authorized  for that purpose prior to July 1, 1953.However, no resolution providing for the issuance of bonds as authorized  by Sections 6-5006 through 6-5010 shall be effective until it has been  submitted to referendum of the electors of that county.  The board shall  certify the resolution and the proposition to the proper election officials  who shall submit the proposition at an election in accordance with the  general election law.  In addition to the requirements of the general  election law, notice of the referendum shall also set forth the substance  of the resolution. If a majority of those voting upon the proposition at  such election vote in favor of issuing such bonds, then the resolution  shall immediately become effective.    (Source: P.A. 86-962.)
55 ILCS 5/6-5007
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5007)Sec. 6-5007.     Requisites of resolution.     The resolution authorizing the  issuance of such bonds shall specify the total amount of bonds to be  issued, the form and denomination of the bonds, the date they are to bear,  the place where they are payable, the date or dates of maturity, which  shall not be more than 20 years after the date the bonds bear, the rate of  interest which shall not exceed 4% per annum and the dates on which interest  is payable.Such resolution shall prescribe all the details of the bonds and shall  provide for the levy and collection of a direct annual tax upon all taxable  property within the county sufficient to pay the principal thereof at  maturity and to pay the interest thereon as it falls due, which tax shall  not be subject to any statutory limitations relative to taxes which may be  extended for county purposes.    (Source: P.A. 86-962.)
55 ILCS 5/6-5008
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5008)Sec. 6-5008.     Execution of bonds; registration.     The bonds shall be  executed by such officials as may be provided in the resolution authorizing  the issue. They may be made registerable as to principal and may be made  callable on any interest payment date at par and accrued interest after  notice has been given at the time and in the manner provided in the resolution.  The bonds shall remain valid even though one or more of the officers executing  the bonds ceases to hold office before the bonds are delivered.    (Source: P.A. 86-962.)
55 ILCS 5/6-5009
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5009)Sec. 6-5009.     Sinking fund.     The resolution may provide for the  creation of a sinking fund to consist of the proceeds of the taxes levied  for the payment of the principal and interest upon these bonds. This fund  shall be faithfully applied to the purchase or payment of the bonds, and  the interest thereon, issued pursuant to the provisions of Sections 6-5006  through 6-5010.    (Source: P.A. 86-962.)
55 ILCS 5/6-5010
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-5010)Sec. 6-5010.     Sale of bonds.     The bonds shall be sold to the highest  and best bidder at not less than their par value and accrued interest. The  county board shall advertise for proposals to purchase the bonds. Such  advertisement shall be published at least once in a newspaper having  circulation within the county at least 10 days prior to the date for  opening the bids. The county board may reserve the right to reject any and  all bids and to readvertise for bids.    (Source: P.A. 86-962.)
55 ILCS 5/Div. 6-6 heading
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 Division 6-6.      Bonds for Hospitals, Police Equipment and Voting Machines
55 ILCS 5/6-6001
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-6001)Sec. 6-6001.     Authorization.     The county board of any county with a  population of 1,000,000 or more may, before January 1, 1968, without  referendum, incur an indebtedness and issue general obligation bonds in an  amount not exceeding $10,000,000 for the purpose of hospital improvements,  police equipment, and additional voting machines, and may levy a tax for  the purpose of paying the principal and interest on such bonds.    (Source: P.A. 86-962.)
55 ILCS 5/6-6002
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-6002)Sec. 6-6002.     Bonds.     The bonds shall be issued in such denominations,  be for such term or terms, and bear interest at such rate as may be  specified in the resolution of the county board authorizing the issuance  of such bonds.    (Source: P.A. 86-962.)
55 ILCS 5/6-6003
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-6003)Sec. 6-6003.     Effect of limitation on indebtedness.     The bonds  authorized hereunder and the tax levied in connection therewith shall not  be included in any statutory limitation on indebtedness or tax rates.    (Source: P.A. 86-962.)
55 ILCS 5/Div. 6-7 heading
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 Division 6-7.      Revenue Bonds - Hospitals
55 ILCS 5/6-7001
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-7001)Sec. 6-7001.     Authorization for counties not home rule counties.     The county Board of any County which is not a home rule unit and  which has established a public hospital is authorized to issue and sell  revenue bonds payable from the revenue derived from the operation of the  hospital for the purpose of (1) constructing, reconstructing, repairing,  remodeling, extending, equipping, improving and acquiring a site or  sites for a hospital building or buildings, or (2) refunding any such  revenue bonds theretofore issued from time to time when deemed necessary  or advantageous in the public interest. These bonds shall be authorized  by an ordinance without submission thereof to the electors of the  county, shall mature at such time not to exceed 40 years from the date  of issue, and bear such rate of interest not to exceed the greater of (i)  the maximum rate authorized by the Bond Authorization Act, as amended at  the time of the making of the contract, or (ii) 9% per annum, payable  annually or semiannually as the County Board may determine, and may be sold  by the County Board in such manner as they deem best in the public  interest. However, such bonds shall be sold at such price that the interest  cost of the proceeds therefrom will not exceed the greater of (i) the  maximum rate authorized by the Bond Authorization Act, as amended at the  time of the making of the contract, or (ii) 9% per annum based on the  average maturity of such bonds and computed according to standard tables  of bond values.No member of the County Board, Board of Directors of the public hospital  or its administration shall have any personal economic interest in any  bonds issued in accordance with this Division.With respect to instruments for the payment of money issued under this  Section or its predecessor either before, on, or after the effective date  of Public Act 86-4, it is and always has been the intention of the General  Assembly (i) that the Omnibus Bond Acts are and always have been  supplementary grants of power to issue instruments in accordance with the  Omnibus Bond Acts, regardless of any provision of this Division or "An Act  in relation to the issuance of revenue bonds by certain counties for public  hospitals", approved June 29, 1973, that may appear  to be or to have been more restrictive than those Acts, (ii) that the  provisions of this Section or its predecessor are not a limitation on the  supplementary authority granted by the Omnibus Bond Acts, and (iii) that  instruments issued under this Section or its predecessor within the  supplementary authority granted by the Omnibus Bond Acts are not invalid  because of any provision of this Division or "An Act in relation to the  issuance of revenue bonds by certain counties for public hospitals",  approved June 29, 1973, that may appear to be or to have been more  restrictive than those Acts.    (Source: P.A. 86-962; 86-1028.)
55 ILCS 5/6-7002
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-7002)Sec. 6-7002.     Ordinance.     The County Board of any such county availing  itself of the provisions of Section 6-7001 shall adopt an ordinance describing  in a general way the building or buildings, or addition or extension  thereto, to be constructed, reconstructed, repaired, remodeled, extended,  equipped or improved and the site or sites to be acquired. Such ordinance  shall set out the estimated cost of such construction, reconstruction, repair,  remodeling, extension, equipment, improvement or acquisition and fix the  amount of revenue bonds proposed to be issued, the maturity, interest rate,  and all details in respect thereof and may contain such provisions and  covenants which shall be part of the contract between the county and the  holders of such bonds as may be deemed necessary and advisable as to the  operation, maintenance, and management of the hospital, the establishment  and maintenance of sinking funds, reserve funds, and other special funds,  including construction funds, the fixing and collecting of rents, fees and  charges for the use of the facilities of the hospital sufficient to produce  revenue adequate to maintain such funds and to pay the bonds at maturity  and accruing interest thereon, the issuance thereafter of additional bonds  payable from the revenues derived from the hospital, the kind and amount of  insurance, including use and occupancy insurance, to be carried, the cost  of which shall be payable only from the revenues derived from the hospital,  and such other covenants deemed necessary or desirable to assure the  successful operation and maintenance of the hospital and the prompt payment  of the principal of interest upon the bonds so authorized. Revenue bonds  issued under this Division shall be signed by the Chairman of the County Board  and the County Clerk of the county and shall be payable from revenue  derived from the operation of the public hospital. These bonds shall not in  any event constitute an indebtedness of the county within the meaning of  any constitutional provision or limitation. It shall be plainly written or  printed on the face of each bond that the bond has been issued under the  provisions of this Division, that the bond, including the interest thereon, is  payable from the revenue pledged to the payment thereof, and that it does  not constitute an indebtedness or obligation of the county within the  meaning of any constitutional or statutory limitation or provision. No  holder of any such revenue bond has the right to compel any exercise of the  taxing power of the county to pay such bond or interest thereon.    (Source: P.A. 86-962.)
55 ILCS 5/6-7003
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-7003)Sec. 6-7003.     Redemption of revenue bonds.     Revenue  bonds issued under this Division may be redeemed by the county  issuing them on such terms, at such time, upon such notice and with or  without premium all as may be provided in the ordinance authorizing them.    (Source: P.A. 86-962.)
55 ILCS 5/Div. 6-8 heading
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 Division 6-8.      Bonds - Payment of Outstanding Indebtedness