IL SB3184

Amends the Park District Code to authorize the Carol Stream Park District to issue up to $15,000,000 in bonds approved by referendum at the February 2, 2010 general primary election.

Exempts the Carol Stream Park District's $15,000,000 in bonds from the standard debt limitation percentages (2.875% or 5.75% of taxable property value).

Specifies that the Carol Stream Park District bonds shall not be counted toward the district's existing principal indebtedness for purposes of debt limitation calculations.

Maintains existing debt limitation rules for all other park districts, which remain subject to percentage caps unless increased by voter referendum.