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IL SB3108
Bill
Status
1/13/2015
Primary Sponsor
Michael Noland
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AI Summary
SB3108 Summary
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Amends the Local Governmental and Governmental Employees Tort Immunity Act to clarify that tort immunity tax revenue must be used only for authorized purposes, including insurance, risk management, and tort liability costs.
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Authorizes fire protection districts subject to the Property Tax Extension Limitation Law to use tort immunity tax funds for the installation of sprinklers.
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Permits school districts that were members of joint-self-health-insurance cooperatives with outstanding liability claims to make a one-time transfer from tort immunity funds to pay claims owed to the cooperative.
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Establishes that funds raised under this section can be invested under the Public Funds Investment Act, with interest and any surplus used only for authorized purposes or abated from property taxes.
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Allows local public entities to enter into intergovernmental contracts for joint self-insurance with terms up to 12 years, with funds used only for authorized costs including tort judgments, settlements, and administrative expenses.
Legislative Description
LOCGOV-TAX LEVIES: SPRINKLERS
Last Action
Session Sine Die
1/13/2015