(30 ILCS 405/8) (from Ch. 127, par. 458)
Sec. 8. 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
Actenacted
by
the
76th
General
Assembly,become
effective
and
the
State
of
Illinoiscontract
a
debt
of
$750,000,000and
issue
bonds
to
that
amount
asprovided
in
such
Act,
for
the
purpose
ofplanning,
financing
and
constructing
ofmunicipal
sewage
treatment
works
YESand
solid
waste
disposal
facilities,and
to
the
extent
that
funds
areavailable
in
the
General
Revenue
Fundof
the
State
shall
the
GeneralAssembly
be
authorized
to
direct
thetransfer
of
funds
from
time
to
timefrom
that
Fund
to
the
Anti-Pollution
--------------------Bond
Retirement
and
Interest
Fundsufficient
to
pay
the
principal
ofand
interest
on
the
bonds
provided
forby
that
Act,
and
to
the
extent
that
saidfunds
are
insufficient
to
pay
theinterest
and
discharge
the
principalof
such
bonds,
shall
the
State
ofIllinois
levy
annually
a
direct
tax
NOsufficient
to
pay
the
interest
on
anddischarge
said
principal
with
theappropriate
officers
fixing
the
rate
ofthat
direct
annual
tax,
making
properallowance
for
the
amount
of
money
sotransferred
in
reduction
of
the
taxes
to
belevied
and
abate
such
tax
in
that
amount?--------------------------------------------------------------
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.
(Source: P.A. 76-2460.)
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Last modified: February 18, 2015