30 ILCS 405/8

Current through Public Act 103-593
Section 30 ILCS 405/8 - Proposition of whether Act shall take effect submitted to people

The proposition of whether this Act shall take effect, a debt of $750,000,000 be contracted, bonds be issued to that amount and the principal of such bonds be paid within 25 years of their date and the interest thereon be paid as it accrues by levying and imposing a direct annual tax and by authorizing the General Assembly to transfer money in the General Revenue Fund to the Anti-Pollution Bond Retirement and Interest Fund therefor, shall be submitted to the People of the State of Illinois at the general election to be held on Tuesday next after the first Monday of November, 1970, on a ballot to be substantially in the following form:

------------------------------------------------------------------------ Shall the Anti-Pollution Bond Act enacted by the 76th General Assembly, become effective and the State of Illinois contract a debt of $750,000,000 and issue bonds to that amount as provided in such Act, for the purpose of planning, financing and constructing of municipal sewage treatment works and solid waste disposal facilities, and to the extent that funds are available in the General Revenue Fund of the State shall the General Assembly be authorized to direct the transfer of funds from time to time from that Fund to the Anti-Pollution Bond Retirement and Interest Fund sufficient to pay the principal of and interest on the bonds provided for by that Act, and to the extent that said funds are insufficient to pay the interest and discharge the principal of such bonds, shall the State of Illinois levy annually a direct tax sufficient to pay the interest on and discharge said principal with the appropriate officers fixing the rate of that direct annual tax, making proper allowance for the amount of money so transferred in reduction of the taxes to be levied and abate such tax in that amount? ------------------------------------------------------------------------ YES ....NO ------------------------------------------------------------------------

Such ballot shall be separate from all others used at such election, and shall be printed on paper that is white in color.

Notice of the submission of the proposition shall be given by the various county clerks, the ballots canvassed and returned, abstracts of the vote made and submitted, the votes canvassed and declaration of the result made in the same manner as is provided by Sections 3, 5, 6 and 7 of "An Act to provide the manner of proposing amendments to the constitution, and submitting the same to the electors of this State", approved March 14, 1877, as amended, in case of the submission of a proposed constitutional amendment.

30 ILCS 405/8

P. A. 76-2460.