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Mrwd–pension Bonds

It became law on Apr 22, 2022.

IL HB 4677 · House Bill · 102nd

Stage
Became law
Started in
House
Sponsors
4
Latest action
Apr 22, 2022

What it does

Amends the Property Tax Code. Modifies the exclusions to the definition of "aggregate extension" by excluding special purpose extensions made for the purpose of making contributions to the pension fund established under Article 13 of the Illinois Pension Code by use of bonds issued under specified provisions of the Metropolitan Water Reclamation District Act. Amends the Metropolitan Water Reclamation District Article of the Illinois Pension Code. Provides that, beginning in fiscal year 2032 and each year thereafter, the District shall contribute the actuarially determined contribution. Provides that the actuarially determined contribution is equal to the employer's normal cost plus an…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Apr 22, 2022

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Who is involved

Sponsors

The lawmakers who put their names on it, lead sponsors first.

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Where it goes next

Once a bill is decided, the questions are about what is done with it in Illinois.

Work with this bill

MRWD–PENSION BONDS | 52