Illinois Compiled Statutes 70 ILCS 1835 Mt. Carmel Regional Port District Act. Section 17

    (70 ILCS 1835/17) (from Ch. 19, par. 717)

    Sec. 17. The Board may, after referendum approval, levy a tax for corporate purposes of the District annually at the rate approved by referendum, but which rate shall not exceed .05% of the value of all taxable property within the Port District as equalized or assessed by the Department of Revenue.

    If the Board desires to levy such a tax it shall order that the question be submitted at a referendum to be held within the District. The Board shall certify its order and the question to the proper election officials, who shall submit the question to the voters at an election in accordance with the general election law. The Board shall cause the result of the election to be entered upon the records of the Port District. If a majority of the vote on the question is in favor of the question, the Board may annually thereafter levy a tax for corporate purposes at a rate not to exceed that approved by referendum but in no event to exceed .05% of the value of all taxable property within the District as equalized or assessed by the Department of Revenue.

    The question shall be substantially in the following form: --------------------------------------------------------------

    Shall

 the

 Mt.

 Carmel

 Regional

 Port

 District

 levy

 a

 tax

 for

             YES

 corporate

 purposes

 annually

 at

 a

 rate

 not

 to

 exceed

 ....%

 of

       -------------------------

 the

 value

 of

 taxable

 property

 as

 equalized

 or

 assessed

 by

 the

          NO

 Department

 of

 Revenue?--------------------------------------------------------------

(Source: P.A. 81-1489; 81-1509.)

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Last modified: February 18, 2015