2023 Illinois Compiled Statutes › Chapter 105 - SCHOOLS › 105 ILCS 560/ - School District Validation (2001) Act.

(105 ILCS 560/1)
Sec. 1. 
		Short title. 
		This Act may be cited as the School District Validation (2001) Act.
(Source: P.A. 92-381, eff. 8-16-01.)
(105 ILCS 560/5)
Sec. 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.
(Source: P.A. 92-381, eff. 8-16-01.)
(105 ILCS 560/10)
Sec. 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.
(Source: P.A. 92-381, eff. 8-16-01.)
(105 ILCS 560/15)
Sec. 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.
(Source: P.A. 92-381, eff. 8-16-01.)
(105 ILCS 560/99)
Sec. 99. 
		Effective date. 
		This Act takes effect upon becoming law.
(Source: P.A. 92-381, eff. 8-16-01.)