Illinois Code § 70 ILCS 1275/3

If the entire amount of the bonds to be issued exceeds the sum of
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$5,000 or exceeds .066 per cent of the value of all taxable property in
the district as equalized or assessed by the Department of Revenue, then
the question of issuing such bonds shall be
submitted to a referendum of the legal voters of the park district in
the manner provided in this Act.

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