Rep. Jay Hoffman

Filed: 4/16/2018

 

 


 

 


 
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1
AMENDMENT TO HOUSE BILL 1265

2    AMENDMENT NO. ______. Amend House Bill 1265 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The School Code is amended by changing Section
519-1 as follows:
 
6    (105 ILCS 5/19-1)
7    (Text of Section before amendment by P.A. 100-503)
8    Sec. 19-1. Debt limitations of school districts.
9    (a) School districts shall not be subject to the provisions
10limiting their indebtedness prescribed in the Local Government
11Debt Limitation Act.
12    No school districts maintaining grades K through 8 or 9
13through 12 shall become indebted in any manner or for any
14purpose to an amount, including existing indebtedness, in the
15aggregate exceeding 6.9% on the value of the taxable property
16therein to be ascertained by the last assessment for State and

 

 

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1county taxes or, until January 1, 1983, if greater, the sum
2that is produced by multiplying the school district's 1978
3equalized assessed valuation by the debt limitation percentage
4in effect on January 1, 1979, previous to the incurring of such
5indebtedness.
6    No school districts maintaining grades K through 12 shall
7become indebted in any manner or for any purpose to an amount,
8including existing indebtedness, in the aggregate exceeding
913.8% on the value of the taxable property therein to be
10ascertained by the last assessment for State and county taxes
11or, until January 1, 1983, if greater, the sum that is produced
12by multiplying the school district's 1978 equalized assessed
13valuation by the debt limitation percentage in effect on
14January 1, 1979, previous to the incurring of such
15indebtedness.
16    No partial elementary unit district, as defined in Article
1711E of this Code, shall become indebted in any manner or for
18any purpose in an amount, including existing indebtedness, in
19the aggregate exceeding 6.9% of the value of the taxable
20property of the entire district, to be ascertained by the last
21assessment for State and county taxes, plus an amount,
22including existing indebtedness, in the aggregate exceeding
236.9% of the value of the taxable property of that portion of
24the district included in the elementary and high school
25classification, to be ascertained by the last assessment for
26State and county taxes. Moreover, no partial elementary unit

 

 

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1district, as defined in Article 11E of this Code, shall become
2indebted on account of bonds issued by the district for high
3school purposes in the aggregate exceeding 6.9% of the value of
4the taxable property of the entire district, to be ascertained
5by the last assessment for State and county taxes, nor shall
6the district become indebted on account of bonds issued by the
7district for elementary purposes in the aggregate exceeding
86.9% of the value of the taxable property for that portion of
9the district included in the elementary and high school
10classification, to be ascertained by the last assessment for
11State and county taxes.
12    Notwithstanding the provisions of any other law to the
13contrary, in any case in which the voters of a school district
14have approved a proposition for the issuance of bonds of such
15school district at an election held prior to January 1, 1979,
16and all of the bonds approved at such election have not been
17issued, the debt limitation applicable to such school district
18during the calendar year 1979 shall be computed by multiplying
19the value of taxable property therein, including personal
20property, as ascertained by the last assessment for State and
21county taxes, previous to the incurring of such indebtedness,
22by the percentage limitation applicable to such school district
23under the provisions of this subsection (a).
24    (b) Notwithstanding the debt limitation prescribed in
25subsection (a) of this Section, additional indebtedness may be
26incurred in an amount not to exceed the estimated cost of

 

 

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1acquiring or improving school sites or constructing and
2equipping additional building facilities under the following
3conditions:
4        (1) Whenever the enrollment of students for the next
5    school year is estimated by the board of education to
6    increase over the actual present enrollment by not less
7    than 35% or by not less than 200 students or the actual
8    present enrollment of students has increased over the
9    previous school year by not less than 35% or by not less
10    than 200 students and the board of education determines
11    that additional school sites or building facilities are
12    required as a result of such increase in enrollment; and
13        (2) When the Regional Superintendent of Schools having
14    jurisdiction over the school district and the State
15    Superintendent of Education concur in such enrollment
16    projection or increase and approve the need for such
17    additional school sites or building facilities and the
18    estimated cost thereof; and
19        (3) When the voters in the school district approve a
20    proposition for the issuance of bonds for the purpose of
21    acquiring or improving such needed school sites or
22    constructing and equipping such needed additional building
23    facilities at an election called and held for that purpose.
24    Notice of such an election shall state that the amount of
25    indebtedness proposed to be incurred would exceed the debt
26    limitation otherwise applicable to the school district.

 

 

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1    The ballot for such proposition shall state what percentage
2    of the equalized assessed valuation will be outstanding in
3    bonds if the proposed issuance of bonds is approved by the
4    voters; or
5        (4) Notwithstanding the provisions of paragraphs (1)
6    through (3) of this subsection (b), if the school board
7    determines that additional facilities are needed to
8    provide a quality educational program and not less than 2/3
9    of those voting in an election called by the school board
10    on the question approve the issuance of bonds for the
11    construction of such facilities, the school district may
12    issue bonds for this purpose; or
13        (5) Notwithstanding the provisions of paragraphs (1)
14    through (3) of this subsection (b), if (i) the school
15    district has previously availed itself of the provisions of
16    paragraph (4) of this subsection (b) to enable it to issue
17    bonds, (ii) the voters of the school district have not
18    defeated a proposition for the issuance of bonds since the
19    referendum described in paragraph (4) of this subsection
20    (b) was held, (iii) the school board determines that
21    additional facilities are needed to provide a quality
22    educational program, and (iv) a majority of those voting in
23    an election called by the school board on the question
24    approve the issuance of bonds for the construction of such
25    facilities, the school district may issue bonds for this
26    purpose.

 

 

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1    In no event shall the indebtedness incurred pursuant to
2this subsection (b) and the existing indebtedness of the school
3district exceed 15% of the value of the taxable property
4therein to be ascertained by the last assessment for State and
5county taxes, previous to the incurring of such indebtedness
6or, until January 1, 1983, if greater, the sum that is produced
7by multiplying the school district's 1978 equalized assessed
8valuation by the debt limitation percentage in effect on
9January 1, 1979.
10    The indebtedness provided for by this subsection (b) shall
11be in addition to and in excess of any other debt limitation.
12    (c) Notwithstanding the debt limitation prescribed in
13subsection (a) of this Section, in any case in which a public
14question for the issuance of bonds of a proposed school
15district maintaining grades kindergarten through 12 received
16at least 60% of the valid ballots cast on the question at an
17election held on or prior to November 8, 1994, and in which the
18bonds approved at such election have not been issued, the
19school district pursuant to the requirements of Section 11A-10
20(now repealed) may issue the total amount of bonds approved at
21such election for the purpose stated in the question.
22    (d) Notwithstanding the debt limitation prescribed in
23subsection (a) of this Section, a school district that meets
24all the criteria set forth in paragraphs (1) and (2) of this
25subsection (d) may incur an additional indebtedness in an
26amount not to exceed $4,500,000, even though the amount of the

 

 

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1additional indebtedness authorized by this subsection (d),
2when incurred and added to the aggregate amount of indebtedness
3of the district existing immediately prior to the district
4incurring the additional indebtedness authorized by this
5subsection (d), causes the aggregate indebtedness of the
6district to exceed the debt limitation otherwise applicable to
7that district under subsection (a):
8        (1) The additional indebtedness authorized by this
9    subsection (d) is incurred by the school district through
10    the issuance of bonds under and in accordance with Section
11    17-2.11a for the purpose of replacing a school building
12    which, because of mine subsidence damage, has been closed
13    as provided in paragraph (2) of this subsection (d) or
14    through the issuance of bonds under and in accordance with
15    Section 19-3 for the purpose of increasing the size of, or
16    providing for additional functions in, such replacement
17    school buildings, or both such purposes.
18        (2) The bonds issued by the school district as provided
19    in paragraph (1) above are issued for the purposes of
20    construction by the school district of a new school
21    building pursuant to Section 17-2.11, to replace an
22    existing school building that, because of mine subsidence
23    damage, is closed as of the end of the 1992-93 school year
24    pursuant to action of the regional superintendent of
25    schools of the educational service region in which the
26    district is located under Section 3-14.22 or are issued for

 

 

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1    the purpose of increasing the size of, or providing for
2    additional functions in, the new school building being
3    constructed to replace a school building closed as the
4    result of mine subsidence damage, or both such purposes.
5    (e) (Blank).
6    (f) Notwithstanding the provisions of subsection (a) of
7this Section or of any other law, bonds in not to exceed the
8aggregate amount of $5,500,000 and issued by a school district
9meeting the following criteria shall not be considered
10indebtedness for purposes of any statutory limitation and may
11be issued in an amount or amounts, including existing
12indebtedness, in excess of any heretofore or hereafter imposed
13statutory limitation as to indebtedness:
14        (1) At the time of the sale of such bonds, the board of
15    education of the district shall have determined by
16    resolution that the enrollment of students in the district
17    is projected to increase by not less than 7% during each of
18    the next succeeding 2 school years.
19        (2) The board of education shall also determine by
20    resolution that the improvements to be financed with the
21    proceeds of the bonds are needed because of the projected
22    enrollment increases.
23        (3) The board of education shall also determine by
24    resolution that the projected increases in enrollment are
25    the result of improvements made or expected to be made to
26    passenger rail facilities located in the school district.

 

 

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1    Notwithstanding the provisions of subsection (a) of this
2Section or of any other law, a school district that has availed
3itself of the provisions of this subsection (f) prior to July
422, 2004 (the effective date of Public Act 93-799) may also
5issue bonds approved by referendum up to an amount, including
6existing indebtedness, not exceeding 25% of the equalized
7assessed value of the taxable property in the district if all
8of the conditions set forth in items (1), (2), and (3) of this
9subsection (f) are met.
10    (g) Notwithstanding the provisions of subsection (a) of
11this Section or any other law, bonds in not to exceed an
12aggregate amount of 25% of the equalized assessed value of the
13taxable property of a school district and issued by a school
14district meeting the criteria in paragraphs (i) through (iv) of
15this subsection shall not be considered indebtedness for
16purposes of any statutory limitation and may be issued pursuant
17to resolution of the school board in an amount or amounts,
18including existing indebtedness, in excess of any statutory
19limitation of indebtedness heretofore or hereafter imposed:
20        (i) The bonds are issued for the purpose of
21    constructing a new high school building to replace two
22    adjacent existing buildings which together house a single
23    high school, each of which is more than 65 years old, and
24    which together are located on more than 10 acres and less
25    than 11 acres of property.
26        (ii) At the time the resolution authorizing the

 

 

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1    issuance of the bonds is adopted, the cost of constructing
2    a new school building to replace the existing school
3    building is less than 60% of the cost of repairing the
4    existing school building.
5        (iii) The sale of the bonds occurs before July 1, 1997.
6        (iv) The school district issuing the bonds is a unit
7    school district located in a county of less than 70,000 and
8    more than 50,000 inhabitants, which has an average daily
9    attendance of less than 1,500 and an equalized assessed
10    valuation of less than $29,000,000.
11    (h) Notwithstanding any other provisions of this Section or
12the provisions of any other law, until January 1, 1998, a
13community unit school district maintaining grades K through 12
14may issue bonds up to an amount, including existing
15indebtedness, not exceeding 27.6% of the equalized assessed
16value of the taxable property in the district, if all of the
17following conditions are met:
18        (i) The school district has an equalized assessed
19    valuation for calendar year 1995 of less than $24,000,000;
20        (ii) The bonds are issued for the capital improvement,
21    renovation, rehabilitation, or replacement of existing
22    school buildings of the district, all of which buildings
23    were originally constructed not less than 40 years ago;
24        (iii) The voters of the district approve a proposition
25    for the issuance of the bonds at a referendum held after
26    March 19, 1996; and

 

 

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1        (iv) The bonds are issued pursuant to Sections 19-2
2    through 19-7 of this Code.
3    (i) Notwithstanding any other provisions of this Section or
4the provisions of any other law, until January 1, 1998, a
5community unit school district maintaining grades K through 12
6may issue bonds up to an amount, including existing
7indebtedness, not exceeding 27% of the equalized assessed value
8of the taxable property in the district, if all of the
9following conditions are met:
10        (i) The school district has an equalized assessed
11    valuation for calendar year 1995 of less than $44,600,000;
12        (ii) The bonds are issued for the capital improvement,
13    renovation, rehabilitation, or replacement of existing
14    school buildings of the district, all of which existing
15    buildings were originally constructed not less than 80
16    years ago;
17        (iii) The voters of the district approve a proposition
18    for the issuance of the bonds at a referendum held after
19    December 31, 1996; and
20        (iv) The bonds are issued pursuant to Sections 19-2
21    through 19-7 of this Code.
22    (j) Notwithstanding any other provisions of this Section or
23the provisions of any other law, until January 1, 1999, a
24community unit school district maintaining grades K through 12
25may issue bonds up to an amount, including existing
26indebtedness, not exceeding 27% of the equalized assessed value

 

 

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1of the taxable property in the district if all of the following
2conditions are met:
3        (i) The school district has an equalized assessed
4    valuation for calendar year 1995 of less than $140,000,000
5    and a best 3 months average daily attendance for the
6    1995-96 school year of at least 2,800;
7        (ii) The bonds are issued to purchase a site and build
8    and equip a new high school, and the school district's
9    existing high school was originally constructed not less
10    than 35 years prior to the sale of the bonds;
11        (iii) At the time of the sale of the bonds, the board
12    of education determines by resolution that a new high
13    school is needed because of projected enrollment
14    increases;
15        (iv) At least 60% of those voting in an election held
16    after December 31, 1996 approve a proposition for the
17    issuance of the bonds; and
18        (v) The bonds are issued pursuant to Sections 19-2
19    through 19-7 of this Code.
20    (k) Notwithstanding the debt limitation prescribed in
21subsection (a) of this Section, a school district that meets
22all the criteria set forth in paragraphs (1) through (4) of
23this subsection (k) may issue bonds to incur an additional
24indebtedness in an amount not to exceed $4,000,000 even though
25the amount of the additional indebtedness authorized by this
26subsection (k), when incurred and added to the aggregate amount

 

 

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1of indebtedness of the school district existing immediately
2prior to the school district incurring such additional
3indebtedness, causes the aggregate indebtedness of the school
4district to exceed or increases the amount by which the
5aggregate indebtedness of the district already exceeds the debt
6limitation otherwise applicable to that school district under
7subsection (a):
8        (1) the school district is located in 2 counties, and a
9    referendum to authorize the additional indebtedness was
10    approved by a majority of the voters of the school district
11    voting on the proposition to authorize that indebtedness;
12        (2) the additional indebtedness is for the purpose of
13    financing a multi-purpose room addition to the existing
14    high school;
15        (3) the additional indebtedness, together with the
16    existing indebtedness of the school district, shall not
17    exceed 17.4% of the value of the taxable property in the
18    school district, to be ascertained by the last assessment
19    for State and county taxes; and
20        (4) the bonds evidencing the additional indebtedness
21    are issued, if at all, within 120 days of August 14, 1998
22    (the effective date of Public Act 90-757).
23    (l) Notwithstanding any other provisions of this Section or
24the provisions of any other law, until January 1, 2000, a
25school district maintaining grades kindergarten through 8 may
26issue bonds up to an amount, including existing indebtedness,

 

 

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1not exceeding 15% of the equalized assessed value of the
2taxable property in the district if all of the following
3conditions are met:
4        (i) the district has an equalized assessed valuation
5    for calendar year 1996 of less than $10,000,000;
6        (ii) the bonds are issued for capital improvement,
7    renovation, rehabilitation, or replacement of one or more
8    school buildings of the district, which buildings were
9    originally constructed not less than 70 years ago;
10        (iii) the voters of the district approve a proposition
11    for the issuance of the bonds at a referendum held on or
12    after March 17, 1998; and
13        (iv) the bonds are issued pursuant to Sections 19-2
14    through 19-7 of this Code.
15    (m) Notwithstanding any other provisions of this Section or
16the provisions of any other law, until January 1, 1999, an
17elementary school district maintaining grades K through 8 may
18issue bonds up to an amount, excluding existing indebtedness,
19not exceeding 18% of the equalized assessed value of the
20taxable property in the district, if all of the following
21conditions are met:
22        (i) The school district has an equalized assessed
23    valuation for calendar year 1995 or less than $7,700,000;
24        (ii) The school district operates 2 elementary
25    attendance centers that until 1976 were operated as the
26    attendance centers of 2 separate and distinct school

 

 

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1    districts;
2        (iii) The bonds are issued for the construction of a
3    new elementary school building to replace an existing
4    multi-level elementary school building of the school
5    district that is not accessible at all levels and parts of
6    which were constructed more than 75 years ago;
7        (iv) The voters of the school district approve a
8    proposition for the issuance of the bonds at a referendum
9    held after July 1, 1998; and
10        (v) The bonds are issued pursuant to Sections 19-2
11    through 19-7 of this Code.
12    (n) Notwithstanding the debt limitation prescribed in
13subsection (a) of this Section or any other provisions of this
14Section or of any other law, a school district that meets all
15of the criteria set forth in paragraphs (i) through (vi) of
16this subsection (n) may incur additional indebtedness by the
17issuance of bonds in an amount not exceeding the amount
18certified by the Capital Development Board to the school
19district as provided in paragraph (iii) of this subsection (n),
20even though the amount of the additional indebtedness so
21authorized, when incurred and added to the aggregate amount of
22indebtedness of the district existing immediately prior to the
23district incurring the additional indebtedness authorized by
24this subsection (n), causes the aggregate indebtedness of the
25district to exceed the debt limitation otherwise applicable by
26law to that district:

 

 

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1        (i) The school district applies to the State Board of
2    Education for a school construction project grant and
3    submits a district facilities plan in support of its
4    application pursuant to Section 5-20 of the School
5    Construction Law.
6        (ii) The school district's application and facilities
7    plan are approved by, and the district receives a grant
8    entitlement for a school construction project issued by,
9    the State Board of Education under the School Construction
10    Law.
11        (iii) The school district has exhausted its bonding
12    capacity or the unused bonding capacity of the district is
13    less than the amount certified by the Capital Development
14    Board to the district under Section 5-15 of the School
15    Construction Law as the dollar amount of the school
16    construction project's cost that the district will be
17    required to finance with non-grant funds in order to
18    receive a school construction project grant under the
19    School Construction Law.
20        (iv) The bonds are issued for a "school construction
21    project", as that term is defined in Section 5-5 of the
22    School Construction Law, in an amount that does not exceed
23    the dollar amount certified, as provided in paragraph (iii)
24    of this subsection (n), by the Capital Development Board to
25    the school district under Section 5-15 of the School
26    Construction Law.

 

 

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1        (v) The voters of the district approve a proposition
2    for the issuance of the bonds at a referendum held after
3    the criteria specified in paragraphs (i) and (iii) of this
4    subsection (n) are met.
5        (vi) The bonds are issued pursuant to Sections 19-2
6    through 19-7 of the School Code.
7    (o) Notwithstanding any other provisions of this Section or
8the provisions of any other law, until November 1, 2007, a
9community unit school district maintaining grades K through 12
10may issue bonds up to an amount, including existing
11indebtedness, not exceeding 20% of the equalized assessed value
12of the taxable property in the district if all of the following
13conditions are met:
14        (i) the school district has an equalized assessed
15    valuation for calendar year 2001 of at least $737,000,000
16    and an enrollment for the 2002-2003 school year of at least
17    8,500;
18        (ii) the bonds are issued to purchase school sites,
19    build and equip a new high school, build and equip a new
20    junior high school, build and equip 5 new elementary
21    schools, and make technology and other improvements and
22    additions to existing schools;
23        (iii) at the time of the sale of the bonds, the board
24    of education determines by resolution that the sites and
25    new or improved facilities are needed because of projected
26    enrollment increases;

 

 

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1        (iv) at least 57% of those voting in a general election
2    held prior to January 1, 2003 approved a proposition for
3    the issuance of the bonds; and
4        (v) the bonds are issued pursuant to Sections 19-2
5    through 19-7 of this Code.
6    (p) Notwithstanding any other provisions of this Section or
7the provisions of any other law, a community unit school
8district maintaining grades K through 12 may issue bonds up to
9an amount, including indebtedness, not exceeding 27% of the
10equalized assessed value of the taxable property in the
11district if all of the following conditions are met:
12        (i) The school district has an equalized assessed
13    valuation for calendar year 2001 of at least $295,741,187
14    and a best 3 months' average daily attendance for the
15    2002-2003 school year of at least 2,394.
16        (ii) The bonds are issued to build and equip 3
17    elementary school buildings; build and equip one middle
18    school building; and alter, repair, improve, and equip all
19    existing school buildings in the district.
20        (iii) At the time of the sale of the bonds, the board
21    of education determines by resolution that the project is
22    needed because of expanding growth in the school district
23    and a projected enrollment increase.
24        (iv) The bonds are issued pursuant to Sections 19-2
25    through 19-7 of this Code.
26    (p-5) Notwithstanding any other provisions of this Section

 

 

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1or the provisions of any other law, bonds issued by a community
2unit school district maintaining grades K through 12 shall not
3be considered indebtedness for purposes of any statutory
4limitation and may be issued in an amount or amounts, including
5existing indebtedness, in excess of any heretofore or hereafter
6imposed statutory limitation as to indebtedness, if all of the
7following conditions are met:
8        (i) For each of the 4 most recent years, residential
9    property comprises more than 80% of the equalized assessed
10    valuation of the district.
11        (ii) At least 2 school buildings that were constructed
12    40 or more years prior to the issuance of the bonds will be
13    demolished and will be replaced by new buildings or
14    additions to one or more existing buildings.
15        (iii) Voters of the district approve a proposition for
16    the issuance of the bonds at a regularly scheduled
17    election.
18        (iv) At the time of the sale of the bonds, the school
19    board determines by resolution that the new buildings or
20    building additions are needed because of an increase in
21    enrollment projected by the school board.
22        (v) The principal amount of the bonds, including
23    existing indebtedness, does not exceed 25% of the equalized
24    assessed value of the taxable property in the district.
25        (vi) The bonds are issued prior to January 1, 2007,
26    pursuant to Sections 19-2 through 19-7 of this Code.

 

 

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1    (p-10) Notwithstanding any other provisions of this
2Section or the provisions of any other law, bonds issued by a
3community consolidated school district maintaining grades K
4through 8 shall not be considered indebtedness for purposes of
5any statutory limitation and may be issued in an amount or
6amounts, including existing indebtedness, in excess of any
7heretofore or hereafter imposed statutory limitation as to
8indebtedness, if all of the following conditions are met:
9        (i) For each of the 4 most recent years, residential
10    and farm property comprises more than 80% of the equalized
11    assessed valuation of the district.
12        (ii) The bond proceeds are to be used to acquire and
13    improve school sites and build and equip a school building.
14        (iii) Voters of the district approve a proposition for
15    the issuance of the bonds at a regularly scheduled
16    election.
17        (iv) At the time of the sale of the bonds, the school
18    board determines by resolution that the school sites and
19    building additions are needed because of an increase in
20    enrollment projected by the school board.
21        (v) The principal amount of the bonds, including
22    existing indebtedness, does not exceed 20% of the equalized
23    assessed value of the taxable property in the district.
24        (vi) The bonds are issued prior to January 1, 2007,
25    pursuant to Sections 19-2 through 19-7 of this Code.
26    (p-15) In addition to all other authority to issue bonds,

 

 

10000HB1265ham001- 21 -LRB100 02973 AXK 38140 a

1the Oswego Community Unit School District Number 308 may issue
2bonds with an aggregate principal amount not to exceed
3$450,000,000, but only if all of the following conditions are
4met:
5        (i) The voters of the district have approved a
6    proposition for the bond issue at the general election held
7    on November 7, 2006.
8        (ii) At the time of the sale of the bonds, the school
9    board determines, by resolution, that: (A) the building and
10    equipping of the new high school building, new junior high
11    school buildings, new elementary school buildings, early
12    childhood building, maintenance building, transportation
13    facility, and additions to existing school buildings, the
14    altering, repairing, equipping, and provision of
15    technology improvements to existing school buildings, and
16    the acquisition and improvement of school sites, as the
17    case may be, are required as a result of a projected
18    increase in the enrollment of students in the district; and
19    (B) the sale of bonds for these purposes is authorized by
20    legislation that exempts the debt incurred on the bonds
21    from the district's statutory debt limitation.
22        (iii) The bonds are issued, in one or more bond issues,
23    on or before November 7, 2011, but the aggregate principal
24    amount issued in all such bond issues combined must not
25    exceed $450,000,000.
26        (iv) The bonds are issued in accordance with this

 

 

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1    Article 19.
2        (v) The proceeds of the bonds are used only to
3    accomplish those projects approved by the voters at the
4    general election held on November 7, 2006.
5The debt incurred on any bonds issued under this subsection
6(p-15) shall not be considered indebtedness for purposes of any
7statutory debt limitation.
8    (p-20) In addition to all other authority to issue bonds,
9the Lincoln-Way Community High School District Number 210 may
10issue bonds with an aggregate principal amount not to exceed
11$225,000,000, but only if all of the following conditions are
12met:
13        (i) The voters of the district have approved a
14    proposition for the bond issue at the general primary
15    election held on March 21, 2006.
16        (ii) At the time of the sale of the bonds, the school
17    board determines, by resolution, that: (A) the building and
18    equipping of the new high school buildings, the altering,
19    repairing, and equipping of existing school buildings, and
20    the improvement of school sites, as the case may be, are
21    required as a result of a projected increase in the
22    enrollment of students in the district; and (B) the sale of
23    bonds for these purposes is authorized by legislation that
24    exempts the debt incurred on the bonds from the district's
25    statutory debt limitation.
26        (iii) The bonds are issued, in one or more bond issues,

 

 

10000HB1265ham001- 23 -LRB100 02973 AXK 38140 a

1    on or before March 21, 2011, but the aggregate principal
2    amount issued in all such bond issues combined must not
3    exceed $225,000,000.
4        (iv) The bonds are issued in accordance with this
5    Article 19.
6        (v) The proceeds of the bonds are used only to
7    accomplish those projects approved by the voters at the
8    primary election held on March 21, 2006.
9The debt incurred on any bonds issued under this subsection
10(p-20) shall not be considered indebtedness for purposes of any
11statutory debt limitation.
12    (p-25) In addition to all other authority to issue bonds,
13Rochester Community Unit School District 3A may issue bonds
14with an aggregate principal amount not to exceed $18,500,000,
15but only if all of the following conditions are met:
16        (i) The voters of the district approve a proposition
17    for the bond issuance at the general primary election held
18    in 2008.
19        (ii) At the time of the sale of the bonds, the school
20    board determines, by resolution, that: (A) the building and
21    equipping of a new high school building; the addition of
22    classrooms and support facilities at the high school,
23    middle school, and elementary school; the altering,
24    repairing, and equipping of existing school buildings; and
25    the improvement of school sites, as the case may be, are
26    required as a result of a projected increase in the

 

 

10000HB1265ham001- 24 -LRB100 02973 AXK 38140 a

1    enrollment of students in the district; and (B) the sale of
2    bonds for these purposes is authorized by a law that
3    exempts the debt incurred on the bonds from the district's
4    statutory debt limitation.
5        (iii) The bonds are issued, in one or more bond issues,
6    on or before December 31, 2012, but the aggregate principal
7    amount issued in all such bond issues combined must not
8    exceed $18,500,000.
9        (iv) The bonds are issued in accordance with this
10    Article 19.
11        (v) The proceeds of the bonds are used to accomplish
12    only those projects approved by the voters at the primary
13    election held in 2008.
14The debt incurred on any bonds issued under this subsection
15(p-25) shall not be considered indebtedness for purposes of any
16statutory debt limitation.
17    (p-30) In addition to all other authority to issue bonds,
18Prairie Grove Consolidated School District 46 may issue bonds
19with an aggregate principal amount not to exceed $30,000,000,
20but only if all of the following conditions are met:
21        (i) The voters of the district approve a proposition
22    for the bond issuance at an election held in 2008.
23        (ii) At the time of the sale of the bonds, the school
24    board determines, by resolution, that (A) the building and
25    equipping of a new school building and additions to
26    existing school buildings are required as a result of a

 

 

10000HB1265ham001- 25 -LRB100 02973 AXK 38140 a

1    projected increase in the enrollment of students in the
2    district and (B) the altering, repairing, and equipping of
3    existing school buildings are required because of the age
4    of the existing school buildings.
5        (iii) The bonds are issued, in one or more bond
6    issuances, on or before December 31, 2012; however, the
7    aggregate principal amount issued in all such bond
8    issuances combined must not exceed $30,000,000.
9        (iv) The bonds are issued in accordance with this
10    Article.
11        (v) The proceeds of the bonds are used to accomplish
12    only those projects approved by the voters at an election
13    held in 2008.
14The debt incurred on any bonds issued under this subsection
15(p-30) shall not be considered indebtedness for purposes of any
16statutory debt limitation.
17    (p-35) In addition to all other authority to issue bonds,
18Prairie Hill Community Consolidated School District 133 may
19issue bonds with an aggregate principal amount not to exceed
20$13,900,000, but only if all of the following conditions are
21met:
22        (i) The voters of the district approved a proposition
23    for the bond issuance at an election held on April 17,
24    2007.
25        (ii) At the time of the sale of the bonds, the school
26    board determines, by resolution, that (A) the improvement

 

 

10000HB1265ham001- 26 -LRB100 02973 AXK 38140 a

1    of the site of and the building and equipping of a school
2    building are required as a result of a projected increase
3    in the enrollment of students in the district and (B) the
4    repairing and equipping of the Prairie Hill Elementary
5    School building is required because of the age of that
6    school building.
7        (iii) The bonds are issued, in one or more bond
8    issuances, on or before December 31, 2011, but the
9    aggregate principal amount issued in all such bond
10    issuances combined must not exceed $13,900,000.
11        (iv) The bonds are issued in accordance with this
12    Article.
13        (v) The proceeds of the bonds are used to accomplish
14    only those projects approved by the voters at an election
15    held on April 17, 2007.
16The debt incurred on any bonds issued under this subsection
17(p-35) shall not be considered indebtedness for purposes of any
18statutory debt limitation.
19    (p-40) In addition to all other authority to issue bonds,
20Mascoutah Community Unit District 19 may issue bonds with an
21aggregate principal amount not to exceed $55,000,000, but only
22if all of the following conditions are met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at a regular election held on or
25    after November 4, 2008.
26        (2) At the time of the sale of the bonds, the school

 

 

10000HB1265ham001- 27 -LRB100 02973 AXK 38140 a

1    board determines, by resolution, that (i) the building and
2    equipping of a new high school building is required as a
3    result of a projected increase in the enrollment of
4    students in the district and the age and condition of the
5    existing high school building, (ii) the existing high
6    school building will be demolished, and (iii) the sale of
7    bonds is authorized by statute that exempts the debt
8    incurred on the bonds from the district's statutory debt
9    limitation.
10        (3) The bonds are issued, in one or more bond
11    issuances, on or before December 31, 2011, but the
12    aggregate principal amount issued in all such bond
13    issuances combined must not exceed $55,000,000.
14        (4) The bonds are issued in accordance with this
15    Article.
16        (5) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at a regular
18    election held on or after November 4, 2008.
19    The debt incurred on any bonds issued under this subsection
20(p-40) shall not be considered indebtedness for purposes of any
21statutory debt limitation.
22    (p-45) Notwithstanding the provisions of subsection (a) of
23this Section or of any other law, bonds issued pursuant to
24Section 19-3.5 of this Code shall not be considered
25indebtedness for purposes of any statutory limitation if the
26bonds are issued in an amount or amounts, including existing

 

 

10000HB1265ham001- 28 -LRB100 02973 AXK 38140 a

1indebtedness of the school district, not in excess of 18.5% of
2the value of the taxable property in the district to be
3ascertained by the last assessment for State and county taxes.
4    (p-50) Notwithstanding the provisions of subsection (a) of
5this Section or of any other law, bonds issued pursuant to
6Section 19-3.10 of this Code shall not be considered
7indebtedness for purposes of any statutory limitation if the
8bonds are issued in an amount or amounts, including existing
9indebtedness of the school district, not in excess of 43% of
10the value of the taxable property in the district to be
11ascertained by the last assessment for State and county taxes.
12    (p-55) In addition to all other authority to issue bonds,
13Belle Valley School District 119 may issue bonds with an
14aggregate principal amount not to exceed $47,500,000, but only
15if all of the following conditions are met:
16        (1) The voters of the district approve a proposition
17    for the bond issuance at an election held on or after April
18    7, 2009.
19        (2) Prior to the issuance of the bonds, the school
20    board determines, by resolution, that (i) the building and
21    equipping of a new school building is required as a result
22    of mine subsidence in an existing school building and
23    because of the age and condition of another existing school
24    building and (ii) the issuance of bonds is authorized by
25    statute that exempts the debt incurred on the bonds from
26    the district's statutory debt limitation.

 

 

10000HB1265ham001- 29 -LRB100 02973 AXK 38140 a

1        (3) The bonds are issued, in one or more bond
2    issuances, on or before March 31, 2014, but the aggregate
3    principal amount issued in all such bond issuances combined
4    must not exceed $47,500,000.
5        (4) The bonds are issued in accordance with this
6    Article.
7        (5) The proceeds of the bonds are used to accomplish
8    only those projects approved by the voters at an election
9    held on or after April 7, 2009.
10    The debt incurred on any bonds issued under this subsection
11(p-55) shall not be considered indebtedness for purposes of any
12statutory debt limitation. Bonds issued under this subsection
13(p-55) must mature within not to exceed 30 years from their
14date, notwithstanding any other law to the contrary.
15    (p-60) In addition to all other authority to issue bonds,
16Wilmington Community Unit School District Number 209-U may
17issue bonds with an aggregate principal amount not to exceed
18$2,285,000, but only if all of the following conditions are
19met:
20        (1) The proceeds of the bonds are used to accomplish
21    only those projects approved by the voters at the general
22    primary election held on March 21, 2006.
23        (2) Prior to the issuance of the bonds, the school
24    board determines, by resolution, that (i) the projects
25    approved by the voters were and are required because of the
26    age and condition of the school district's prior and

 

 

10000HB1265ham001- 30 -LRB100 02973 AXK 38140 a

1    existing school buildings and (ii) the issuance of the
2    bonds is authorized by legislation that exempts the debt
3    incurred on the bonds from the district's statutory debt
4    limitation.
5        (3) The bonds are issued in one or more bond issuances
6    on or before March 1, 2011, but the aggregate principal
7    amount issued in all those bond issuances combined must not
8    exceed $2,285,000.
9        (4) The bonds are issued in accordance with this
10    Article.
11    The debt incurred on any bonds issued under this subsection
12(p-60) shall not be considered indebtedness for purposes of any
13statutory debt limitation.
14    (p-65) In addition to all other authority to issue bonds,
15West Washington County Community Unit School District 10 may
16issue bonds with an aggregate principal amount not to exceed
17$32,200,000 and maturing over a period not exceeding 25 years,
18but only if all of the following conditions are met:
19        (1) The voters of the district approve a proposition
20    for the bond issuance at an election held on or after
21    February 2, 2010.
22        (2) Prior to the issuance of the bonds, the school
23    board determines, by resolution, that (A) all or a portion
24    of the existing Okawville Junior/Senior High School
25    Building will be demolished; (B) the building and equipping
26    of a new school building to be attached to and the

 

 

10000HB1265ham001- 31 -LRB100 02973 AXK 38140 a

1    alteration, repair, and equipping of the remaining portion
2    of the Okawville Junior/Senior High School Building is
3    required because of the age and current condition of that
4    school building; and (C) the issuance of bonds is
5    authorized by a statute that exempts the debt incurred on
6    the bonds from the district's statutory debt limitation.
7        (3) The bonds are issued, in one or more bond
8    issuances, on or before March 31, 2014, but the aggregate
9    principal amount issued in all such bond issuances combined
10    must not exceed $32,200,000.
11        (4) The bonds are issued in accordance with this
12    Article.
13        (5) The proceeds of the bonds are used to accomplish
14    only those projects approved by the voters at an election
15    held on or after February 2, 2010.
16    The debt incurred on any bonds issued under this subsection
17(p-65) shall not be considered indebtedness for purposes of any
18statutory debt limitation.
19    (p-70) In addition to all other authority to issue bonds,
20Cahokia Community Unit School District 187 may issue bonds with
21an aggregate principal amount not to exceed $50,000,000, but
22only if all the following conditions are met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at an election held on or after
25    November 2, 2010.
26        (2) Prior to the issuance of the bonds, the school

 

 

10000HB1265ham001- 32 -LRB100 02973 AXK 38140 a

1    board determines, by resolution, that (i) the building and
2    equipping of a new school building is required as a result
3    of the age and condition of an existing school building and
4    (ii) the issuance of bonds is authorized by a statute that
5    exempts the debt incurred on the bonds from the district's
6    statutory debt limitation.
7        (3) The bonds are issued, in one or more issuances, on
8    or before July 1, 2016, but the aggregate principal amount
9    issued in all such bond issuances combined must not exceed
10    $50,000,000.
11        (4) The bonds are issued in accordance with this
12    Article.
13        (5) The proceeds of the bonds are used to accomplish
14    only those projects approved by the voters at an election
15    held on or after November 2, 2010.
16    The debt incurred on any bonds issued under this subsection
17(p-70) shall not be considered indebtedness for purposes of any
18statutory debt limitation. Bonds issued under this subsection
19(p-70) must mature within not to exceed 25 years from their
20date, notwithstanding any other law, including Section 19-3 of
21this Code, to the contrary.
22    (p-75) Notwithstanding the debt limitation prescribed in
23subsection (a) of this Section or any other provisions of this
24Section or of any other law, the execution of leases on or
25after January 1, 2007 and before July 1, 2011 by the Board of
26Education of Peoria School District 150 with a public building

 

 

10000HB1265ham001- 33 -LRB100 02973 AXK 38140 a

1commission for leases entered into pursuant to the Public
2Building Commission Act shall not be considered indebtedness
3for purposes of any statutory debt limitation.
4    This subsection (p-75) applies only if the State Board of
5Education or the Capital Development Board makes one or more
6grants to Peoria School District 150 pursuant to the School
7Construction Law. The amount exempted from the debt limitation
8as prescribed in this subsection (p-75) shall be no greater
9than the amount of one or more grants awarded to Peoria School
10District 150 by the State Board of Education or the Capital
11Development Board.
12    (p-80) In addition to all other authority to issue bonds,
13Ridgeland School District 122 may issue bonds with an aggregate
14principal amount not to exceed $50,000,000 for the purpose of
15refunding or continuing to refund bonds originally issued
16pursuant to voter approval at the general election held on
17November 7, 2000, and the debt incurred on any bonds issued
18under this subsection (p-80) shall not be considered
19indebtedness for purposes of any statutory debt limitation.
20Bonds issued under this subsection (p-80) may be issued in one
21or more issuances and must mature within not to exceed 25 years
22from their date, notwithstanding any other law, including
23Section 19-3 of this Code, to the contrary.
24    (p-85) In addition to all other authority to issue bonds,
25Hall High School District 502 may issue bonds with an aggregate
26principal amount not to exceed $32,000,000, but only if all the

 

 

10000HB1265ham001- 34 -LRB100 02973 AXK 38140 a

1following conditions are met:
2        (1) The voters of the district approve a proposition
3    for the bond issuance at an election held on or after April
4    9, 2013.
5        (2) Prior to the issuance of the bonds, the school
6    board determines, by resolution, that (i) the building and
7    equipping of a new school building is required as a result
8    of the age and condition of an existing school building,
9    (ii) the existing school building should be demolished in
10    its entirety or the existing school building should be
11    demolished except for the 1914 west wing of the building,
12    and (iii) the issuance of bonds is authorized by a statute
13    that exempts the debt incurred on the bonds from the
14    district's statutory debt limitation.
15        (3) The bonds are issued, in one or more issuances, not
16    later than 5 years after the date of the referendum
17    approving the issuance of the bonds, but the aggregate
18    principal amount issued in all such bond issuances combined
19    must not exceed $32,000,000.
20        (4) The bonds are issued in accordance with this
21    Article.
22        (5) The proceeds of the bonds are used to accomplish
23    only those projects approved by the voters at an election
24    held on or after April 9, 2013.
25    The debt incurred on any bonds issued under this subsection
26(p-85) shall not be considered indebtedness for purposes of any

 

 

10000HB1265ham001- 35 -LRB100 02973 AXK 38140 a

1statutory debt limitation. Bonds issued under this subsection
2(p-85) must mature within not to exceed 30 years from their
3date, notwithstanding any other law, including Section 19-3 of
4this Code, to the contrary.
5    (p-90) In addition to all other authority to issue bonds,
6Lebanon Community Unit School District 9 may issue bonds with
7an aggregate principal amount not to exceed $7,500,000, but
8only if all of the following conditions are met:
9        (1) The voters of the district approved a proposition
10    for the bond issuance at the general primary election on
11    February 2, 2010.
12        (2) At or prior to the time of the sale of the bonds,
13    the school board determines, by resolution, that (i) the
14    building and equipping of a new elementary school building
15    is required as a result of a projected increase in the
16    enrollment of students in the district and the age and
17    condition of the existing Lebanon Elementary School
18    building, (ii) a portion of the existing Lebanon Elementary
19    School building will be demolished and the remaining
20    portion will be altered, repaired, and equipped, and (iii)
21    the sale of bonds is authorized by a statute that exempts
22    the debt incurred on the bonds from the district's
23    statutory debt limitation.
24        (3) The bonds are issued, in one or more bond
25    issuances, on or before April 1, 2014, but the aggregate
26    principal amount issued in all such bond issuances combined

 

 

10000HB1265ham001- 36 -LRB100 02973 AXK 38140 a

1    must not exceed $7,500,000.
2        (4) The bonds are issued in accordance with this
3    Article.
4        (5) The proceeds of the bonds are used to accomplish
5    only those projects approved by the voters at the general
6    primary election held on February 2, 2010.
7    The debt incurred on any bonds issued under this subsection
8(p-90) shall not be considered indebtedness for purposes of any
9statutory debt limitation.
10    (p-95) In addition to all other authority to issue bonds,
11Monticello Community Unit School District 25 may issue bonds
12with an aggregate principal amount not to exceed $35,000,000,
13but only if all of the following conditions are met:
14        (1) The voters of the district approve a proposition
15    for the bond issuance at an election held on or after
16    November 4, 2014.
17        (2) Prior to the issuance of the bonds, the school
18    board determines, by resolution, that (i) the building and
19    equipping of a new school building is required as a result
20    of the age and condition of an existing school building and
21    (ii) the issuance of bonds is authorized by a statute that
22    exempts the debt incurred on the bonds from the district's
23    statutory debt limitation.
24        (3) The bonds are issued, in one or more issuances, on
25    or before July 1, 2020, but the aggregate principal amount
26    issued in all such bond issuances combined must not exceed

 

 

10000HB1265ham001- 37 -LRB100 02973 AXK 38140 a

1    $35,000,000.
2        (4) The bonds are issued in accordance with this
3    Article.
4        (5) The proceeds of the bonds are used to accomplish
5    only those projects approved by the voters at an election
6    held on or after November 4, 2014.
7    The debt incurred on any bonds issued under this subsection
8(p-95) shall not be considered indebtedness for purposes of any
9statutory debt limitation. Bonds issued under this subsection
10(p-95) must mature within not to exceed 25 years from their
11date, notwithstanding any other law, including Section 19-3 of
12this Code, to the contrary.
13    (p-100) In addition to all other authority to issue bonds,
14the community unit school district created in the territory
15comprising Milford Community Consolidated School District 280
16and Milford Township High School District 233, as approved at
17the general primary election held on March 18, 2014, may issue
18bonds with an aggregate principal amount not to exceed
19$17,500,000, but only if all the following conditions are met:
20        (1) The voters of the district approve a proposition
21    for the bond issuance at an election held on or after
22    November 4, 2014.
23        (2) Prior to the issuance of the bonds, the school
24    board determines, by resolution, that (i) the building and
25    equipping of a new school building is required as a result
26    of the age and condition of an existing school building and

 

 

10000HB1265ham001- 38 -LRB100 02973 AXK 38140 a

1    (ii) the issuance of bonds is authorized by a statute that
2    exempts the debt incurred on the bonds from the district's
3    statutory debt limitation.
4        (3) The bonds are issued, in one or more issuances, on
5    or before July 1, 2020, but the aggregate principal amount
6    issued in all such bond issuances combined must not exceed
7    $17,500,000.
8        (4) The bonds are issued in accordance with this
9    Article.
10        (5) The proceeds of the bonds are used to accomplish
11    only those projects approved by the voters at an election
12    held on or after November 4, 2014.
13    The debt incurred on any bonds issued under this subsection
14(p-100) shall not be considered indebtedness for purposes of
15any statutory debt limitation. Bonds issued under this
16subsection (p-100) must mature within not to exceed 25 years
17from their date, notwithstanding any other law, including
18Section 19-3 of this Code, to the contrary.
19    (p-105) In addition to all other authority to issue bonds,
20North Shore School District 112 may issue bonds with an
21aggregate principal amount not to exceed $150,000,000, but only
22if all of the following conditions are met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at an election held on or after March
25    15, 2016.
26        (2) Prior to the issuance of the bonds, the school

 

 

10000HB1265ham001- 39 -LRB100 02973 AXK 38140 a

1    board determines, by resolution, that (i) the building and
2    equipping of new buildings and improving the sites thereof
3    and the building and equipping of additions to, altering,
4    repairing, equipping, and renovating existing buildings
5    and improving the sites thereof are required as a result of
6    the age and condition of the district's existing buildings
7    and (ii) the issuance of bonds is authorized by a statute
8    that exempts the debt incurred on the bonds from the
9    district's statutory debt limitation.
10        (3) The bonds are issued, in one or more issuances, not
11    later than 5 years after the date of the referendum
12    approving the issuance of the bonds, but the aggregate
13    principal amount issued in all such bond issuances combined
14    must not exceed $150,000,000.
15        (4) The bonds are issued in accordance with this
16    Article.
17        (5) The proceeds of the bonds are used to accomplish
18    only those projects approved by the voters at an election
19    held on or after March 15, 2016.
20    The debt incurred on any bonds issued under this subsection
21(p-105) and on any bonds issued to refund or continue to refund
22such bonds shall not be considered indebtedness for purposes of
23any statutory debt limitation. Bonds issued under this
24subsection (p-105) and any bonds issued to refund or continue
25to refund such bonds must mature within not to exceed 30 years
26from their date, notwithstanding any other law, including

 

 

10000HB1265ham001- 40 -LRB100 02973 AXK 38140 a

1Section 19-3 of this Code, to the contrary.
2    (p-110) In addition to all other authority to issue bonds,
3Sandoval Community Unit School District 501 may issue bonds
4with an aggregate principal amount not to exceed $2,000,000,
5but only if all of the following conditions are met:
6        (1) The voters of the district approved a proposition
7    for the bond issuance at an election held on March 20,
8    2012.
9        (2) Prior to the issuance of the bonds, the school
10    board determines, by resolution, that (i) the building and
11    equipping of a new school building is required because of
12    the age and current condition of the Sandoval Elementary
13    School building and (ii) the issuance of bonds is
14    authorized by a statute that exempts the debt incurred on
15    the bonds from the district's statutory debt limitation.
16        (3) The bonds are issued, in one or more bond
17    issuances, on or before March 19, 2022, but the aggregate
18    principal amount issued in all such bond issuances combined
19    must not exceed $2,000,000.
20        (4) The bonds are issued in accordance with this
21    Article.
22        (5) The proceeds of the bonds are used to accomplish
23    only those projects approved by the voters at the election
24    held on March 20, 2012.
25    The debt incurred on any bonds issued under this subsection
26(p-110) and on any bonds issued to refund or continue to refund

 

 

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1the bonds shall not be considered indebtedness for purposes of
2any statutory debt limitation.
3    (p-115) In addition to all other authority to issue bonds,
4Bureau Valley Community Unit School District 340 may issue
5bonds with an aggregate principal amount not to exceed
6$25,000,000, but only if all of the following conditions are
7met:
8        (1) The voters of the district approve a proposition
9    for the bond issuance at an election held on or after March
10    15, 2016.
11        (2) Prior to the issuances of the bonds, the school
12    board determines, by resolution, that (i) the renovating
13    and equipping of some existing school buildings, the
14    building and equipping of new school buildings, and the
15    demolishing of some existing school buildings are required
16    as a result of the age and condition of existing school
17    buildings and (ii) the issuance of bonds is authorized by a
18    statute that exempts the debt incurred on the bonds from
19    the district's statutory debt limitation.
20        (3) The bonds are issued, in one or more issuances, on
21    or before July 1, 2021, but the aggregate principal amount
22    issued in all such bond issuances combined must not exceed
23    $25,000,000.
24        (4) The bonds are issued in accordance with this
25    Article.
26        (5) The proceeds of the bonds are used to accomplish

 

 

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1    only those projects approved by the voters at an election
2    held on or after March 15, 2016.
3    The debt incurred on any bonds issued under this subsection
4(p-115) shall not be considered indebtedness for purposes of
5any statutory debt limitation. Bonds issued under this
6subsection (p-115) must mature within not to exceed 30 years
7from their date, notwithstanding any other law, including
8Section 19-3 of this Code, to the contrary.
9    (p-120) In addition to all other authority to issue bonds,
10Paxton-Buckley-Loda Community Unit School District 10 may
11issue bonds with an aggregate principal amount not to exceed
12$28,500,000, but only if all the following conditions are met:
13        (1) The voters of the district approve a proposition
14    for the bond issuance at an election held on or after
15    November 8, 2016.
16        (2) Prior to the issuance of the bonds, the school
17    board determines, by resolution, that (i) the projects as
18    described in said proposition, relating to the building and
19    equipping of one or more school buildings or additions to
20    existing school buildings, are required as a result of the
21    age and condition of the District's existing buildings and
22    (ii) the issuance of bonds is authorized by a statute that
23    exempts the debt incurred on the bonds from the district's
24    statutory debt limitation.
25        (3) The bonds are issued, in one or more issuances, not
26    later than 5 years after the date of the referendum

 

 

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1    approving the issuance of the bonds, but the aggregate
2    principal amount issued in all such bond issuances combined
3    must not exceed $28,500,000.
4        (4) The bonds are issued in accordance with this
5    Article.
6        (5) The proceeds of the bonds are used to accomplish
7    only those projects approved by the voters at an election
8    held on or after November 8, 2016.
9    The debt incurred on any bonds issued under this subsection
10(p-120) and on any bonds issued to refund or continue to refund
11such bonds shall not be considered indebtedness for purposes of
12any statutory debt limitation. Bonds issued under this
13subsection (p-120) and any bonds issued to refund or continue
14to refund such bonds must mature within not to exceed 25 years
15from their date, notwithstanding any other law, including
16Section 19-3 of this Code, to the contrary.
17    (p-125) In addition to all other authority to issue bonds,
18Hillsboro Community Unit School District 3 may issue bonds with
19an aggregate principal amount not to exceed $34,500,000, but
20only if all the following conditions are met:
21        (1) The voters of the district approve a proposition
22    for the bond issuance at an election held on or after March
23    15, 2016.
24        (2) Prior to the issuance of the bonds, the school
25    board determines, by resolution, that (i) altering,
26    repairing, and equipping the high school

 

 

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1    agricultural/vocational building, demolishing the high
2    school main, cafeteria, and gym buildings, building and
3    equipping a school building, and improving sites are
4    required as a result of the age and condition of the
5    district's existing buildings and (ii) the issuance of
6    bonds is authorized by a statute that exempts the debt
7    incurred on the bonds from the district's statutory debt
8    limitation.
9        (3) The bonds are issued, in one or more issuances, not
10    later than 5 years after the date of the referendum
11    approving the issuance of the bonds, but the aggregate
12    principal amount issued in all such bond issuances combined
13    must not exceed $34,500,000.
14        (4) The bonds are issued in accordance with this
15    Article.
16        (5) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at an election
18    held on or after March 15, 2016.
19    The debt incurred on any bonds issued under this subsection
20(p-125) and on any bonds issued to refund or continue to refund
21such bonds shall not be considered indebtedness for purposes of
22any statutory debt limitation. Bonds issued under this
23subsection (p-125) and any bonds issued to refund or continue
24to refund such bonds must mature within not to exceed 25 years
25from their date, notwithstanding any other law, including
26Section 19-3 of this Code, to the contrary.

 

 

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1    (p-130) In addition to all other authority to issue bonds,
2Waltham Community Consolidated School District 185 may incur
3indebtedness in an aggregate principal amount not to exceed
4$9,500,000 to build and equip a new school building and improve
5the site thereof, but only if all the following conditions are
6met:
7        (1) A majority of the voters of the district voting on
8    an advisory question voted in favor of the question
9    regarding the use of funding sources to build a new school
10    building without increasing property tax rates at the
11    general election held on November 8, 2016.
12        (2) Prior to incurring the debt, the school board
13    enters into intergovernmental agreements with the City of
14    LaSalle to pledge moneys in a special tax allocation fund
15    associated with tax increment financing districts LaSalle
16    I and LaSalle III and with the Village of Utica to pledge
17    moneys in a special tax allocation fund associated with tax
18    increment financing district Utica I for the purposes of
19    repaying the debt issued pursuant to this subsection
20    (p-130). Notwithstanding any other provision of law to the
21    contrary, the intergovernmental agreement may extend these
22    tax increment financing districts as necessary to ensure
23    repayment of the debt.
24        (3) Prior to incurring the debt, the school board
25    determines, by resolution, that (i) the building and
26    equipping of a new school building is required as a result

 

 

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1    of the age and condition of the district's existing
2    buildings and (ii) the debt is authorized by a statute that
3    exempts the debt from the district's statutory debt
4    limitation.
5        (4) The debt is incurred, in one or more issuances, not
6    later than January 1, 2021, and the aggregate principal
7    amount of debt issued in all such issuances combined must
8    not exceed $9,500,000.
9    The debt incurred under this subsection (p-130) and on any
10bonds issued to pay, refund, or continue to refund such debt
11shall not be considered indebtedness for purposes of any
12statutory debt limitation. Debt issued under this subsection
13(p-130) and any bonds issued to pay, refund, or continue to
14refund such debt must mature within not to exceed 25 years from
15their date, notwithstanding any other law, including Section
1619-11 of this Code and subsection (b) of Section 17 of the
17Local Government Debt Reform Act, to the contrary.
18    (p-140) The debt incurred on any bonds issued by Wolf
19Branch School District 113 under Section 17-2.11 of this Code
20for the purpose of repairing or replacing all or a portion of a
21school building that has been damaged by mine subsidence in an
22aggregate principal amount not to exceed $17,500,000 and on any
23bonds issued to refund or continue to refund those bonds shall
24not be considered indebtedness for purposes of any statutory
25debt limitation and must mature no later than 25 years from the
26date of issuance, notwithstanding any other provision of law to

 

 

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1the contrary, including Section 19-3 of this Code.
2    (q) A school district must notify the State Board of
3Education prior to issuing any form of long-term or short-term
4debt that will result in outstanding debt that exceeds 75% of
5the debt limit specified in this Section or any other provision
6of law.
7(Source: P.A. 99-78, eff. 7-20-15; 99-143, eff. 7-27-15;
899-390, eff. 8-18-15; 99-642, eff. 7-28-16; 99-735, eff.
98-5-16; 99-926, eff. 1-20-17; 100-531, eff. 9-22-17.)
 
10    (Text of Section after amendment by P.A. 100-503)
11    Sec. 19-1. Debt limitations of school districts.
12    (a) School districts shall not be subject to the provisions
13limiting their indebtedness prescribed in the Local Government
14Debt Limitation Act.
15    No school districts maintaining grades K through 8 or 9
16through 12 shall become indebted in any manner or for any
17purpose to an amount, including existing indebtedness, in the
18aggregate exceeding 6.9% on the value of the taxable property
19therein to be ascertained by the last assessment for State and
20county taxes or, until January 1, 1983, if greater, the sum
21that is produced by multiplying the school district's 1978
22equalized assessed valuation by the debt limitation percentage
23in effect on January 1, 1979, previous to the incurring of such
24indebtedness.
25    No school districts maintaining grades K through 12 shall

 

 

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1become indebted in any manner or for any purpose to an amount,
2including existing indebtedness, in the aggregate exceeding
313.8% on the value of the taxable property therein to be
4ascertained by the last assessment for State and county taxes
5or, until January 1, 1983, if greater, the sum that is produced
6by multiplying the school district's 1978 equalized assessed
7valuation by the debt limitation percentage in effect on
8January 1, 1979, previous to the incurring of such
9indebtedness.
10    No partial elementary unit district, as defined in Article
1111E of this Code, shall become indebted in any manner or for
12any purpose in an amount, including existing indebtedness, in
13the aggregate exceeding 6.9% of the value of the taxable
14property of the entire district, to be ascertained by the last
15assessment for State and county taxes, plus an amount,
16including existing indebtedness, in the aggregate exceeding
176.9% of the value of the taxable property of that portion of
18the district included in the elementary and high school
19classification, to be ascertained by the last assessment for
20State and county taxes. Moreover, no partial elementary unit
21district, as defined in Article 11E of this Code, shall become
22indebted on account of bonds issued by the district for high
23school purposes in the aggregate exceeding 6.9% of the value of
24the taxable property of the entire district, to be ascertained
25by the last assessment for State and county taxes, nor shall
26the district become indebted on account of bonds issued by the

 

 

10000HB1265ham001- 49 -LRB100 02973 AXK 38140 a

1district for elementary purposes in the aggregate exceeding
26.9% of the value of the taxable property for that portion of
3the district included in the elementary and high school
4classification, to be ascertained by the last assessment for
5State and county taxes.
6    Notwithstanding the provisions of any other law to the
7contrary, in any case in which the voters of a school district
8have approved a proposition for the issuance of bonds of such
9school district at an election held prior to January 1, 1979,
10and all of the bonds approved at such election have not been
11issued, the debt limitation applicable to such school district
12during the calendar year 1979 shall be computed by multiplying
13the value of taxable property therein, including personal
14property, as ascertained by the last assessment for State and
15county taxes, previous to the incurring of such indebtedness,
16by the percentage limitation applicable to such school district
17under the provisions of this subsection (a).
18    (a-5) After January 1, 2018, no school district may issue
19bonds under Sections 19-2 through 19-7 of this Code and rely on
20an exception to the debt limitations in this Section unless it
21has complied with the requirements of Section 21 of the Bond
22Issue Notification Act and the bonds have been approved by
23referendum.
24    (b) Notwithstanding the debt limitation prescribed in
25subsection (a) of this Section, additional indebtedness may be
26incurred in an amount not to exceed the estimated cost of

 

 

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1acquiring or improving school sites or constructing and
2equipping additional building facilities under the following
3conditions:
4        (1) Whenever the enrollment of students for the next
5    school year is estimated by the board of education to
6    increase over the actual present enrollment by not less
7    than 35% or by not less than 200 students or the actual
8    present enrollment of students has increased over the
9    previous school year by not less than 35% or by not less
10    than 200 students and the board of education determines
11    that additional school sites or building facilities are
12    required as a result of such increase in enrollment; and
13        (2) When the Regional Superintendent of Schools having
14    jurisdiction over the school district and the State
15    Superintendent of Education concur in such enrollment
16    projection or increase and approve the need for such
17    additional school sites or building facilities and the
18    estimated cost thereof; and
19        (3) When the voters in the school district approve a
20    proposition for the issuance of bonds for the purpose of
21    acquiring or improving such needed school sites or
22    constructing and equipping such needed additional building
23    facilities at an election called and held for that purpose.
24    Notice of such an election shall state that the amount of
25    indebtedness proposed to be incurred would exceed the debt
26    limitation otherwise applicable to the school district.

 

 

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1    The ballot for such proposition shall state what percentage
2    of the equalized assessed valuation will be outstanding in
3    bonds if the proposed issuance of bonds is approved by the
4    voters; or
5        (4) Notwithstanding the provisions of paragraphs (1)
6    through (3) of this subsection (b), if the school board
7    determines that additional facilities are needed to
8    provide a quality educational program and not less than 2/3
9    of those voting in an election called by the school board
10    on the question approve the issuance of bonds for the
11    construction of such facilities, the school district may
12    issue bonds for this purpose; or
13        (5) Notwithstanding the provisions of paragraphs (1)
14    through (3) of this subsection (b), if (i) the school
15    district has previously availed itself of the provisions of
16    paragraph (4) of this subsection (b) to enable it to issue
17    bonds, (ii) the voters of the school district have not
18    defeated a proposition for the issuance of bonds since the
19    referendum described in paragraph (4) of this subsection
20    (b) was held, (iii) the school board determines that
21    additional facilities are needed to provide a quality
22    educational program, and (iv) a majority of those voting in
23    an election called by the school board on the question
24    approve the issuance of bonds for the construction of such
25    facilities, the school district may issue bonds for this
26    purpose.

 

 

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1    In no event shall the indebtedness incurred pursuant to
2this subsection (b) and the existing indebtedness of the school
3district exceed 15% of the value of the taxable property
4therein to be ascertained by the last assessment for State and
5county taxes, previous to the incurring of such indebtedness
6or, until January 1, 1983, if greater, the sum that is produced
7by multiplying the school district's 1978 equalized assessed
8valuation by the debt limitation percentage in effect on
9January 1, 1979.
10    The indebtedness provided for by this subsection (b) shall
11be in addition to and in excess of any other debt limitation.
12    (c) Notwithstanding the debt limitation prescribed in
13subsection (a) of this Section, in any case in which a public
14question for the issuance of bonds of a proposed school
15district maintaining grades kindergarten through 12 received
16at least 60% of the valid ballots cast on the question at an
17election held on or prior to November 8, 1994, and in which the
18bonds approved at such election have not been issued, the
19school district pursuant to the requirements of Section 11A-10
20(now repealed) may issue the total amount of bonds approved at
21such election for the purpose stated in the question.
22    (d) Notwithstanding the debt limitation prescribed in
23subsection (a) of this Section, a school district that meets
24all the criteria set forth in paragraphs (1) and (2) of this
25subsection (d) may incur an additional indebtedness in an
26amount not to exceed $4,500,000, even though the amount of the

 

 

10000HB1265ham001- 53 -LRB100 02973 AXK 38140 a

1additional indebtedness authorized by this subsection (d),
2when incurred and added to the aggregate amount of indebtedness
3of the district existing immediately prior to the district
4incurring the additional indebtedness authorized by this
5subsection (d), causes the aggregate indebtedness of the
6district to exceed the debt limitation otherwise applicable to
7that district under subsection (a):
8        (1) The additional indebtedness authorized by this
9    subsection (d) is incurred by the school district through
10    the issuance of bonds under and in accordance with Section
11    17-2.11a for the purpose of replacing a school building
12    which, because of mine subsidence damage, has been closed
13    as provided in paragraph (2) of this subsection (d) or
14    through the issuance of bonds under and in accordance with
15    Section 19-3 for the purpose of increasing the size of, or
16    providing for additional functions in, such replacement
17    school buildings, or both such purposes.
18        (2) The bonds issued by the school district as provided
19    in paragraph (1) above are issued for the purposes of
20    construction by the school district of a new school
21    building pursuant to Section 17-2.11, to replace an
22    existing school building that, because of mine subsidence
23    damage, is closed as of the end of the 1992-93 school year
24    pursuant to action of the regional superintendent of
25    schools of the educational service region in which the
26    district is located under Section 3-14.22 or are issued for

 

 

10000HB1265ham001- 54 -LRB100 02973 AXK 38140 a

1    the purpose of increasing the size of, or providing for
2    additional functions in, the new school building being
3    constructed to replace a school building closed as the
4    result of mine subsidence damage, or both such purposes.
5    (e) (Blank).
6    (f) Notwithstanding the provisions of subsection (a) of
7this Section or of any other law, bonds in not to exceed the
8aggregate amount of $5,500,000 and issued by a school district
9meeting the following criteria shall not be considered
10indebtedness for purposes of any statutory limitation and may
11be issued in an amount or amounts, including existing
12indebtedness, in excess of any heretofore or hereafter imposed
13statutory limitation as to indebtedness:
14        (1) At the time of the sale of such bonds, the board of
15    education of the district shall have determined by
16    resolution that the enrollment of students in the district
17    is projected to increase by not less than 7% during each of
18    the next succeeding 2 school years.
19        (2) The board of education shall also determine by
20    resolution that the improvements to be financed with the
21    proceeds of the bonds are needed because of the projected
22    enrollment increases.
23        (3) The board of education shall also determine by
24    resolution that the projected increases in enrollment are
25    the result of improvements made or expected to be made to
26    passenger rail facilities located in the school district.

 

 

10000HB1265ham001- 55 -LRB100 02973 AXK 38140 a

1    Notwithstanding the provisions of subsection (a) of this
2Section or of any other law, a school district that has availed
3itself of the provisions of this subsection (f) prior to July
422, 2004 (the effective date of Public Act 93-799) may also
5issue bonds approved by referendum up to an amount, including
6existing indebtedness, not exceeding 25% of the equalized
7assessed value of the taxable property in the district if all
8of the conditions set forth in items (1), (2), and (3) of this
9subsection (f) are met.
10    (g) Notwithstanding the provisions of subsection (a) of
11this Section or any other law, bonds in not to exceed an
12aggregate amount of 25% of the equalized assessed value of the
13taxable property of a school district and issued by a school
14district meeting the criteria in paragraphs (i) through (iv) of
15this subsection shall not be considered indebtedness for
16purposes of any statutory limitation and may be issued pursuant
17to resolution of the school board in an amount or amounts,
18including existing indebtedness, in excess of any statutory
19limitation of indebtedness heretofore or hereafter imposed:
20        (i) The bonds are issued for the purpose of
21    constructing a new high school building to replace two
22    adjacent existing buildings which together house a single
23    high school, each of which is more than 65 years old, and
24    which together are located on more than 10 acres and less
25    than 11 acres of property.
26        (ii) At the time the resolution authorizing the

 

 

10000HB1265ham001- 56 -LRB100 02973 AXK 38140 a

1    issuance of the bonds is adopted, the cost of constructing
2    a new school building to replace the existing school
3    building is less than 60% of the cost of repairing the
4    existing school building.
5        (iii) The sale of the bonds occurs before July 1, 1997.
6        (iv) The school district issuing the bonds is a unit
7    school district located in a county of less than 70,000 and
8    more than 50,000 inhabitants, which has an average daily
9    attendance of less than 1,500 and an equalized assessed
10    valuation of less than $29,000,000.
11    (h) Notwithstanding any other provisions of this Section or
12the provisions of any other law, until January 1, 1998, a
13community unit school district maintaining grades K through 12
14may issue bonds up to an amount, including existing
15indebtedness, not exceeding 27.6% of the equalized assessed
16value of the taxable property in the district, if all of the
17following conditions are met:
18        (i) The school district has an equalized assessed
19    valuation for calendar year 1995 of less than $24,000,000;
20        (ii) The bonds are issued for the capital improvement,
21    renovation, rehabilitation, or replacement of existing
22    school buildings of the district, all of which buildings
23    were originally constructed not less than 40 years ago;
24        (iii) The voters of the district approve a proposition
25    for the issuance of the bonds at a referendum held after
26    March 19, 1996; and

 

 

10000HB1265ham001- 57 -LRB100 02973 AXK 38140 a

1        (iv) The bonds are issued pursuant to Sections 19-2
2    through 19-7 of this Code.
3    (i) Notwithstanding any other provisions of this Section or
4the provisions of any other law, until January 1, 1998, a
5community unit school district maintaining grades K through 12
6may issue bonds up to an amount, including existing
7indebtedness, not exceeding 27% of the equalized assessed value
8of the taxable property in the district, if all of the
9following conditions are met:
10        (i) The school district has an equalized assessed
11    valuation for calendar year 1995 of less than $44,600,000;
12        (ii) The bonds are issued for the capital improvement,
13    renovation, rehabilitation, or replacement of existing
14    school buildings of the district, all of which existing
15    buildings were originally constructed not less than 80
16    years ago;
17        (iii) The voters of the district approve a proposition
18    for the issuance of the bonds at a referendum held after
19    December 31, 1996; and
20        (iv) The bonds are issued pursuant to Sections 19-2
21    through 19-7 of this Code.
22    (j) Notwithstanding any other provisions of this Section or
23the provisions of any other law, until January 1, 1999, a
24community unit school district maintaining grades K through 12
25may issue bonds up to an amount, including existing
26indebtedness, not exceeding 27% of the equalized assessed value

 

 

10000HB1265ham001- 58 -LRB100 02973 AXK 38140 a

1of the taxable property in the district if all of the following
2conditions are met:
3        (i) The school district has an equalized assessed
4    valuation for calendar year 1995 of less than $140,000,000
5    and a best 3 months average daily attendance for the
6    1995-96 school year of at least 2,800;
7        (ii) The bonds are issued to purchase a site and build
8    and equip a new high school, and the school district's
9    existing high school was originally constructed not less
10    than 35 years prior to the sale of the bonds;
11        (iii) At the time of the sale of the bonds, the board
12    of education determines by resolution that a new high
13    school is needed because of projected enrollment
14    increases;
15        (iv) At least 60% of those voting in an election held
16    after December 31, 1996 approve a proposition for the
17    issuance of the bonds; and
18        (v) The bonds are issued pursuant to Sections 19-2
19    through 19-7 of this Code.
20    (k) Notwithstanding the debt limitation prescribed in
21subsection (a) of this Section, a school district that meets
22all the criteria set forth in paragraphs (1) through (4) of
23this subsection (k) may issue bonds to incur an additional
24indebtedness in an amount not to exceed $4,000,000 even though
25the amount of the additional indebtedness authorized by this
26subsection (k), when incurred and added to the aggregate amount

 

 

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1of indebtedness of the school district existing immediately
2prior to the school district incurring such additional
3indebtedness, causes the aggregate indebtedness of the school
4district to exceed or increases the amount by which the
5aggregate indebtedness of the district already exceeds the debt
6limitation otherwise applicable to that school district under
7subsection (a):
8        (1) the school district is located in 2 counties, and a
9    referendum to authorize the additional indebtedness was
10    approved by a majority of the voters of the school district
11    voting on the proposition to authorize that indebtedness;
12        (2) the additional indebtedness is for the purpose of
13    financing a multi-purpose room addition to the existing
14    high school;
15        (3) the additional indebtedness, together with the
16    existing indebtedness of the school district, shall not
17    exceed 17.4% of the value of the taxable property in the
18    school district, to be ascertained by the last assessment
19    for State and county taxes; and
20        (4) the bonds evidencing the additional indebtedness
21    are issued, if at all, within 120 days of August 14, 1998
22    (the effective date of Public Act 90-757).
23    (l) Notwithstanding any other provisions of this Section or
24the provisions of any other law, until January 1, 2000, a
25school district maintaining grades kindergarten through 8 may
26issue bonds up to an amount, including existing indebtedness,

 

 

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1not exceeding 15% of the equalized assessed value of the
2taxable property in the district if all of the following
3conditions are met:
4        (i) the district has an equalized assessed valuation
5    for calendar year 1996 of less than $10,000,000;
6        (ii) the bonds are issued for capital improvement,
7    renovation, rehabilitation, or replacement of one or more
8    school buildings of the district, which buildings were
9    originally constructed not less than 70 years ago;
10        (iii) the voters of the district approve a proposition
11    for the issuance of the bonds at a referendum held on or
12    after March 17, 1998; and
13        (iv) the bonds are issued pursuant to Sections 19-2
14    through 19-7 of this Code.
15    (m) Notwithstanding any other provisions of this Section or
16the provisions of any other law, until January 1, 1999, an
17elementary school district maintaining grades K through 8 may
18issue bonds up to an amount, excluding existing indebtedness,
19not exceeding 18% of the equalized assessed value of the
20taxable property in the district, if all of the following
21conditions are met:
22        (i) The school district has an equalized assessed
23    valuation for calendar year 1995 or less than $7,700,000;
24        (ii) The school district operates 2 elementary
25    attendance centers that until 1976 were operated as the
26    attendance centers of 2 separate and distinct school

 

 

10000HB1265ham001- 61 -LRB100 02973 AXK 38140 a

1    districts;
2        (iii) The bonds are issued for the construction of a
3    new elementary school building to replace an existing
4    multi-level elementary school building of the school
5    district that is not accessible at all levels and parts of
6    which were constructed more than 75 years ago;
7        (iv) The voters of the school district approve a
8    proposition for the issuance of the bonds at a referendum
9    held after July 1, 1998; and
10        (v) The bonds are issued pursuant to Sections 19-2
11    through 19-7 of this Code.
12    (n) Notwithstanding the debt limitation prescribed in
13subsection (a) of this Section or any other provisions of this
14Section or of any other law, a school district that meets all
15of the criteria set forth in paragraphs (i) through (vi) of
16this subsection (n) may incur additional indebtedness by the
17issuance of bonds in an amount not exceeding the amount
18certified by the Capital Development Board to the school
19district as provided in paragraph (iii) of this subsection (n),
20even though the amount of the additional indebtedness so
21authorized, when incurred and added to the aggregate amount of
22indebtedness of the district existing immediately prior to the
23district incurring the additional indebtedness authorized by
24this subsection (n), causes the aggregate indebtedness of the
25district to exceed the debt limitation otherwise applicable by
26law to that district:

 

 

10000HB1265ham001- 62 -LRB100 02973 AXK 38140 a

1        (i) The school district applies to the State Board of
2    Education for a school construction project grant and
3    submits a district facilities plan in support of its
4    application pursuant to Section 5-20 of the School
5    Construction Law.
6        (ii) The school district's application and facilities
7    plan are approved by, and the district receives a grant
8    entitlement for a school construction project issued by,
9    the State Board of Education under the School Construction
10    Law.
11        (iii) The school district has exhausted its bonding
12    capacity or the unused bonding capacity of the district is
13    less than the amount certified by the Capital Development
14    Board to the district under Section 5-15 of the School
15    Construction Law as the dollar amount of the school
16    construction project's cost that the district will be
17    required to finance with non-grant funds in order to
18    receive a school construction project grant under the
19    School Construction Law.
20        (iv) The bonds are issued for a "school construction
21    project", as that term is defined in Section 5-5 of the
22    School Construction Law, in an amount that does not exceed
23    the dollar amount certified, as provided in paragraph (iii)
24    of this subsection (n), by the Capital Development Board to
25    the school district under Section 5-15 of the School
26    Construction Law.

 

 

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1        (v) The voters of the district approve a proposition
2    for the issuance of the bonds at a referendum held after
3    the criteria specified in paragraphs (i) and (iii) of this
4    subsection (n) are met.
5        (vi) The bonds are issued pursuant to Sections 19-2
6    through 19-7 of the School Code.
7    (o) Notwithstanding any other provisions of this Section or
8the provisions of any other law, until November 1, 2007, a
9community unit school district maintaining grades K through 12
10may issue bonds up to an amount, including existing
11indebtedness, not exceeding 20% of the equalized assessed value
12of the taxable property in the district if all of the following
13conditions are met:
14        (i) the school district has an equalized assessed
15    valuation for calendar year 2001 of at least $737,000,000
16    and an enrollment for the 2002-2003 school year of at least
17    8,500;
18        (ii) the bonds are issued to purchase school sites,
19    build and equip a new high school, build and equip a new
20    junior high school, build and equip 5 new elementary
21    schools, and make technology and other improvements and
22    additions to existing schools;
23        (iii) at the time of the sale of the bonds, the board
24    of education determines by resolution that the sites and
25    new or improved facilities are needed because of projected
26    enrollment increases;

 

 

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1        (iv) at least 57% of those voting in a general election
2    held prior to January 1, 2003 approved a proposition for
3    the issuance of the bonds; and
4        (v) the bonds are issued pursuant to Sections 19-2
5    through 19-7 of this Code.
6    (p) Notwithstanding any other provisions of this Section or
7the provisions of any other law, a community unit school
8district maintaining grades K through 12 may issue bonds up to
9an amount, including indebtedness, not exceeding 27% of the
10equalized assessed value of the taxable property in the
11district if all of the following conditions are met:
12        (i) The school district has an equalized assessed
13    valuation for calendar year 2001 of at least $295,741,187
14    and a best 3 months' average daily attendance for the
15    2002-2003 school year of at least 2,394.
16        (ii) The bonds are issued to build and equip 3
17    elementary school buildings; build and equip one middle
18    school building; and alter, repair, improve, and equip all
19    existing school buildings in the district.
20        (iii) At the time of the sale of the bonds, the board
21    of education determines by resolution that the project is
22    needed because of expanding growth in the school district
23    and a projected enrollment increase.
24        (iv) The bonds are issued pursuant to Sections 19-2
25    through 19-7 of this Code.
26    (p-5) Notwithstanding any other provisions of this Section

 

 

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1or the provisions of any other law, bonds issued by a community
2unit school district maintaining grades K through 12 shall not
3be considered indebtedness for purposes of any statutory
4limitation and may be issued in an amount or amounts, including
5existing indebtedness, in excess of any heretofore or hereafter
6imposed statutory limitation as to indebtedness, if all of the
7following conditions are met:
8        (i) For each of the 4 most recent years, residential
9    property comprises more than 80% of the equalized assessed
10    valuation of the district.
11        (ii) At least 2 school buildings that were constructed
12    40 or more years prior to the issuance of the bonds will be
13    demolished and will be replaced by new buildings or
14    additions to one or more existing buildings.
15        (iii) Voters of the district approve a proposition for
16    the issuance of the bonds at a regularly scheduled
17    election.
18        (iv) At the time of the sale of the bonds, the school
19    board determines by resolution that the new buildings or
20    building additions are needed because of an increase in
21    enrollment projected by the school board.
22        (v) The principal amount of the bonds, including
23    existing indebtedness, does not exceed 25% of the equalized
24    assessed value of the taxable property in the district.
25        (vi) The bonds are issued prior to January 1, 2007,
26    pursuant to Sections 19-2 through 19-7 of this Code.

 

 

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1    (p-10) Notwithstanding any other provisions of this
2Section or the provisions of any other law, bonds issued by a
3community consolidated school district maintaining grades K
4through 8 shall not be considered indebtedness for purposes of
5any statutory limitation and may be issued in an amount or
6amounts, including existing indebtedness, in excess of any
7heretofore or hereafter imposed statutory limitation as to
8indebtedness, if all of the following conditions are met:
9        (i) For each of the 4 most recent years, residential
10    and farm property comprises more than 80% of the equalized
11    assessed valuation of the district.
12        (ii) The bond proceeds are to be used to acquire and
13    improve school sites and build and equip a school building.
14        (iii) Voters of the district approve a proposition for
15    the issuance of the bonds at a regularly scheduled
16    election.
17        (iv) At the time of the sale of the bonds, the school
18    board determines by resolution that the school sites and
19    building additions are needed because of an increase in
20    enrollment projected by the school board.
21        (v) The principal amount of the bonds, including
22    existing indebtedness, does not exceed 20% of the equalized
23    assessed value of the taxable property in the district.
24        (vi) The bonds are issued prior to January 1, 2007,
25    pursuant to Sections 19-2 through 19-7 of this Code.
26    (p-15) In addition to all other authority to issue bonds,

 

 

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1the Oswego Community Unit School District Number 308 may issue
2bonds with an aggregate principal amount not to exceed
3$450,000,000, but only if all of the following conditions are
4met:
5        (i) The voters of the district have approved a
6    proposition for the bond issue at the general election held
7    on November 7, 2006.
8        (ii) At the time of the sale of the bonds, the school
9    board determines, by resolution, that: (A) the building and
10    equipping of the new high school building, new junior high
11    school buildings, new elementary school buildings, early
12    childhood building, maintenance building, transportation
13    facility, and additions to existing school buildings, the
14    altering, repairing, equipping, and provision of
15    technology improvements to existing school buildings, and
16    the acquisition and improvement of school sites, as the
17    case may be, are required as a result of a projected
18    increase in the enrollment of students in the district; and
19    (B) the sale of bonds for these purposes is authorized by
20    legislation that exempts the debt incurred on the bonds
21    from the district's statutory debt limitation.
22        (iii) The bonds are issued, in one or more bond issues,
23    on or before November 7, 2011, but the aggregate principal
24    amount issued in all such bond issues combined must not
25    exceed $450,000,000.
26        (iv) The bonds are issued in accordance with this

 

 

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1    Article 19.
2        (v) The proceeds of the bonds are used only to
3    accomplish those projects approved by the voters at the
4    general election held on November 7, 2006.
5The debt incurred on any bonds issued under this subsection
6(p-15) shall not be considered indebtedness for purposes of any
7statutory debt limitation.
8    (p-20) In addition to all other authority to issue bonds,
9the Lincoln-Way Community High School District Number 210 may
10issue bonds with an aggregate principal amount not to exceed
11$225,000,000, but only if all of the following conditions are
12met:
13        (i) The voters of the district have approved a
14    proposition for the bond issue at the general primary
15    election held on March 21, 2006.
16        (ii) At the time of the sale of the bonds, the school
17    board determines, by resolution, that: (A) the building and
18    equipping of the new high school buildings, the altering,
19    repairing, and equipping of existing school buildings, and
20    the improvement of school sites, as the case may be, are
21    required as a result of a projected increase in the
22    enrollment of students in the district; and (B) the sale of
23    bonds for these purposes is authorized by legislation that
24    exempts the debt incurred on the bonds from the district's
25    statutory debt limitation.
26        (iii) The bonds are issued, in one or more bond issues,

 

 

10000HB1265ham001- 69 -LRB100 02973 AXK 38140 a

1    on or before March 21, 2011, but the aggregate principal
2    amount issued in all such bond issues combined must not
3    exceed $225,000,000.
4        (iv) The bonds are issued in accordance with this
5    Article 19.
6        (v) The proceeds of the bonds are used only to
7    accomplish those projects approved by the voters at the
8    primary election held on March 21, 2006.
9The debt incurred on any bonds issued under this subsection
10(p-20) shall not be considered indebtedness for purposes of any
11statutory debt limitation.
12    (p-25) In addition to all other authority to issue bonds,
13Rochester Community Unit School District 3A may issue bonds
14with an aggregate principal amount not to exceed $18,500,000,
15but only if all of the following conditions are met:
16        (i) The voters of the district approve a proposition
17    for the bond issuance at the general primary election held
18    in 2008.
19        (ii) At the time of the sale of the bonds, the school
20    board determines, by resolution, that: (A) the building and
21    equipping of a new high school building; the addition of
22    classrooms and support facilities at the high school,
23    middle school, and elementary school; the altering,
24    repairing, and equipping of existing school buildings; and
25    the improvement of school sites, as the case may be, are
26    required as a result of a projected increase in the

 

 

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1    enrollment of students in the district; and (B) the sale of
2    bonds for these purposes is authorized by a law that
3    exempts the debt incurred on the bonds from the district's
4    statutory debt limitation.
5        (iii) The bonds are issued, in one or more bond issues,
6    on or before December 31, 2012, but the aggregate principal
7    amount issued in all such bond issues combined must not
8    exceed $18,500,000.
9        (iv) The bonds are issued in accordance with this
10    Article 19.
11        (v) The proceeds of the bonds are used to accomplish
12    only those projects approved by the voters at the primary
13    election held in 2008.
14The debt incurred on any bonds issued under this subsection
15(p-25) shall not be considered indebtedness for purposes of any
16statutory debt limitation.
17    (p-30) In addition to all other authority to issue bonds,
18Prairie Grove Consolidated School District 46 may issue bonds
19with an aggregate principal amount not to exceed $30,000,000,
20but only if all of the following conditions are met:
21        (i) The voters of the district approve a proposition
22    for the bond issuance at an election held in 2008.
23        (ii) At the time of the sale of the bonds, the school
24    board determines, by resolution, that (A) the building and
25    equipping of a new school building and additions to
26    existing school buildings are required as a result of a

 

 

10000HB1265ham001- 71 -LRB100 02973 AXK 38140 a

1    projected increase in the enrollment of students in the
2    district and (B) the altering, repairing, and equipping of
3    existing school buildings are required because of the age
4    of the existing school buildings.
5        (iii) The bonds are issued, in one or more bond
6    issuances, on or before December 31, 2012; however, the
7    aggregate principal amount issued in all such bond
8    issuances combined must not exceed $30,000,000.
9        (iv) The bonds are issued in accordance with this
10    Article.
11        (v) The proceeds of the bonds are used to accomplish
12    only those projects approved by the voters at an election
13    held in 2008.
14The debt incurred on any bonds issued under this subsection
15(p-30) shall not be considered indebtedness for purposes of any
16statutory debt limitation.
17    (p-35) In addition to all other authority to issue bonds,
18Prairie Hill Community Consolidated School District 133 may
19issue bonds with an aggregate principal amount not to exceed
20$13,900,000, but only if all of the following conditions are
21met:
22        (i) The voters of the district approved a proposition
23    for the bond issuance at an election held on April 17,
24    2007.
25        (ii) At the time of the sale of the bonds, the school
26    board determines, by resolution, that (A) the improvement

 

 

10000HB1265ham001- 72 -LRB100 02973 AXK 38140 a

1    of the site of and the building and equipping of a school
2    building are required as a result of a projected increase
3    in the enrollment of students in the district and (B) the
4    repairing and equipping of the Prairie Hill Elementary
5    School building is required because of the age of that
6    school building.
7        (iii) The bonds are issued, in one or more bond
8    issuances, on or before December 31, 2011, but the
9    aggregate principal amount issued in all such bond
10    issuances combined must not exceed $13,900,000.
11        (iv) The bonds are issued in accordance with this
12    Article.
13        (v) The proceeds of the bonds are used to accomplish
14    only those projects approved by the voters at an election
15    held on April 17, 2007.
16The debt incurred on any bonds issued under this subsection
17(p-35) shall not be considered indebtedness for purposes of any
18statutory debt limitation.
19    (p-40) In addition to all other authority to issue bonds,
20Mascoutah Community Unit District 19 may issue bonds with an
21aggregate principal amount not to exceed $55,000,000, but only
22if all of the following conditions are met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at a regular election held on or
25    after November 4, 2008.
26        (2) At the time of the sale of the bonds, the school

 

 

10000HB1265ham001- 73 -LRB100 02973 AXK 38140 a

1    board determines, by resolution, that (i) the building and
2    equipping of a new high school building is required as a
3    result of a projected increase in the enrollment of
4    students in the district and the age and condition of the
5    existing high school building, (ii) the existing high
6    school building will be demolished, and (iii) the sale of
7    bonds is authorized by statute that exempts the debt
8    incurred on the bonds from the district's statutory debt
9    limitation.
10        (3) The bonds are issued, in one or more bond
11    issuances, on or before December 31, 2011, but the
12    aggregate principal amount issued in all such bond
13    issuances combined must not exceed $55,000,000.
14        (4) The bonds are issued in accordance with this
15    Article.
16        (5) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at a regular
18    election held on or after November 4, 2008.
19    The debt incurred on any bonds issued under this subsection
20(p-40) shall not be considered indebtedness for purposes of any
21statutory debt limitation.
22    (p-45) Notwithstanding the provisions of subsection (a) of
23this Section or of any other law, bonds issued pursuant to
24Section 19-3.5 of this Code shall not be considered
25indebtedness for purposes of any statutory limitation if the
26bonds are issued in an amount or amounts, including existing

 

 

10000HB1265ham001- 74 -LRB100 02973 AXK 38140 a

1indebtedness of the school district, not in excess of 18.5% of
2the value of the taxable property in the district to be
3ascertained by the last assessment for State and county taxes.
4    (p-50) Notwithstanding the provisions of subsection (a) of
5this Section or of any other law, bonds issued pursuant to
6Section 19-3.10 of this Code shall not be considered
7indebtedness for purposes of any statutory limitation if the
8bonds are issued in an amount or amounts, including existing
9indebtedness of the school district, not in excess of 43% of
10the value of the taxable property in the district to be
11ascertained by the last assessment for State and county taxes.
12    (p-55) In addition to all other authority to issue bonds,
13Belle Valley School District 119 may issue bonds with an
14aggregate principal amount not to exceed $47,500,000, but only
15if all of the following conditions are met:
16        (1) The voters of the district approve a proposition
17    for the bond issuance at an election held on or after April
18    7, 2009.
19        (2) Prior to the issuance of the bonds, the school
20    board determines, by resolution, that (i) the building and
21    equipping of a new school building is required as a result
22    of mine subsidence in an existing school building and
23    because of the age and condition of another existing school
24    building and (ii) the issuance of bonds is authorized by
25    statute that exempts the debt incurred on the bonds from
26    the district's statutory debt limitation.

 

 

10000HB1265ham001- 75 -LRB100 02973 AXK 38140 a

1        (3) The bonds are issued, in one or more bond
2    issuances, on or before March 31, 2014, but the aggregate
3    principal amount issued in all such bond issuances combined
4    must not exceed $47,500,000.
5        (4) The bonds are issued in accordance with this
6    Article.
7        (5) The proceeds of the bonds are used to accomplish
8    only those projects approved by the voters at an election
9    held on or after April 7, 2009.
10    The debt incurred on any bonds issued under this subsection
11(p-55) shall not be considered indebtedness for purposes of any
12statutory debt limitation. Bonds issued under this subsection
13(p-55) must mature within not to exceed 30 years from their
14date, notwithstanding any other law to the contrary.
15    (p-60) In addition to all other authority to issue bonds,
16Wilmington Community Unit School District Number 209-U may
17issue bonds with an aggregate principal amount not to exceed
18$2,285,000, but only if all of the following conditions are
19met:
20        (1) The proceeds of the bonds are used to accomplish
21    only those projects approved by the voters at the general
22    primary election held on March 21, 2006.
23        (2) Prior to the issuance of the bonds, the school
24    board determines, by resolution, that (i) the projects
25    approved by the voters were and are required because of the
26    age and condition of the school district's prior and

 

 

10000HB1265ham001- 76 -LRB100 02973 AXK 38140 a

1    existing school buildings and (ii) the issuance of the
2    bonds is authorized by legislation that exempts the debt
3    incurred on the bonds from the district's statutory debt
4    limitation.
5        (3) The bonds are issued in one or more bond issuances
6    on or before March 1, 2011, but the aggregate principal
7    amount issued in all those bond issuances combined must not
8    exceed $2,285,000.
9        (4) The bonds are issued in accordance with this
10    Article.
11    The debt incurred on any bonds issued under this subsection
12(p-60) shall not be considered indebtedness for purposes of any
13statutory debt limitation.
14    (p-65) In addition to all other authority to issue bonds,
15West Washington County Community Unit School District 10 may
16issue bonds with an aggregate principal amount not to exceed
17$32,200,000 and maturing over a period not exceeding 25 years,
18but only if all of the following conditions are met:
19        (1) The voters of the district approve a proposition
20    for the bond issuance at an election held on or after
21    February 2, 2010.
22        (2) Prior to the issuance of the bonds, the school
23    board determines, by resolution, that (A) all or a portion
24    of the existing Okawville Junior/Senior High School
25    Building will be demolished; (B) the building and equipping
26    of a new school building to be attached to and the

 

 

10000HB1265ham001- 77 -LRB100 02973 AXK 38140 a

1    alteration, repair, and equipping of the remaining portion
2    of the Okawville Junior/Senior High School Building is
3    required because of the age and current condition of that
4    school building; and (C) the issuance of bonds is
5    authorized by a statute that exempts the debt incurred on
6    the bonds from the district's statutory debt limitation.
7        (3) The bonds are issued, in one or more bond
8    issuances, on or before March 31, 2014, but the aggregate
9    principal amount issued in all such bond issuances combined
10    must not exceed $32,200,000.
11        (4) The bonds are issued in accordance with this
12    Article.
13        (5) The proceeds of the bonds are used to accomplish
14    only those projects approved by the voters at an election
15    held on or after February 2, 2010.
16    The debt incurred on any bonds issued under this subsection
17(p-65) shall not be considered indebtedness for purposes of any
18statutory debt limitation.
19    (p-70) In addition to all other authority to issue bonds,
20Cahokia Community Unit School District 187 may issue bonds with
21an aggregate principal amount not to exceed $50,000,000, but
22only if all the following conditions are met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at an election held on or after
25    November 2, 2010.
26        (2) Prior to the issuance of the bonds, the school

 

 

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1    board determines, by resolution, that (i) the building and
2    equipping of a new school building is required as a result
3    of the age and condition of an existing school building and
4    (ii) the issuance of bonds is authorized by a statute that
5    exempts the debt incurred on the bonds from the district's
6    statutory debt limitation.
7        (3) The bonds are issued, in one or more issuances, on
8    or before July 1, 2016, but the aggregate principal amount
9    issued in all such bond issuances combined must not exceed
10    $50,000,000.
11        (4) The bonds are issued in accordance with this
12    Article.
13        (5) The proceeds of the bonds are used to accomplish
14    only those projects approved by the voters at an election
15    held on or after November 2, 2010.
16    The debt incurred on any bonds issued under this subsection
17(p-70) shall not be considered indebtedness for purposes of any
18statutory debt limitation. Bonds issued under this subsection
19(p-70) must mature within not to exceed 25 years from their
20date, notwithstanding any other law, including Section 19-3 of
21this Code, to the contrary.
22    (p-75) Notwithstanding the debt limitation prescribed in
23subsection (a) of this Section or any other provisions of this
24Section or of any other law, the execution of leases on or
25after January 1, 2007 and before July 1, 2011 by the Board of
26Education of Peoria School District 150 with a public building

 

 

10000HB1265ham001- 79 -LRB100 02973 AXK 38140 a

1commission for leases entered into pursuant to the Public
2Building Commission Act shall not be considered indebtedness
3for purposes of any statutory debt limitation.
4    This subsection (p-75) applies only if the State Board of
5Education or the Capital Development Board makes one or more
6grants to Peoria School District 150 pursuant to the School
7Construction Law. The amount exempted from the debt limitation
8as prescribed in this subsection (p-75) shall be no greater
9than the amount of one or more grants awarded to Peoria School
10District 150 by the State Board of Education or the Capital
11Development Board.
12    (p-80) In addition to all other authority to issue bonds,
13Ridgeland School District 122 may issue bonds with an aggregate
14principal amount not to exceed $50,000,000 for the purpose of
15refunding or continuing to refund bonds originally issued
16pursuant to voter approval at the general election held on
17November 7, 2000, and the debt incurred on any bonds issued
18under this subsection (p-80) shall not be considered
19indebtedness for purposes of any statutory debt limitation.
20Bonds issued under this subsection (p-80) may be issued in one
21or more issuances and must mature within not to exceed 25 years
22from their date, notwithstanding any other law, including
23Section 19-3 of this Code, to the contrary.
24    (p-85) In addition to all other authority to issue bonds,
25Hall High School District 502 may issue bonds with an aggregate
26principal amount not to exceed $32,000,000, but only if all the

 

 

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1following conditions are met:
2        (1) The voters of the district approve a proposition
3    for the bond issuance at an election held on or after April
4    9, 2013.
5        (2) Prior to the issuance of the bonds, the school
6    board determines, by resolution, that (i) the building and
7    equipping of a new school building is required as a result
8    of the age and condition of an existing school building,
9    (ii) the existing school building should be demolished in
10    its entirety or the existing school building should be
11    demolished except for the 1914 west wing of the building,
12    and (iii) the issuance of bonds is authorized by a statute
13    that exempts the debt incurred on the bonds from the
14    district's statutory debt limitation.
15        (3) The bonds are issued, in one or more issuances, not
16    later than 5 years after the date of the referendum
17    approving the issuance of the bonds, but the aggregate
18    principal amount issued in all such bond issuances combined
19    must not exceed $32,000,000.
20        (4) The bonds are issued in accordance with this
21    Article.
22        (5) The proceeds of the bonds are used to accomplish
23    only those projects approved by the voters at an election
24    held on or after April 9, 2013.
25    The debt incurred on any bonds issued under this subsection
26(p-85) shall not be considered indebtedness for purposes of any

 

 

10000HB1265ham001- 81 -LRB100 02973 AXK 38140 a

1statutory debt limitation. Bonds issued under this subsection
2(p-85) must mature within not to exceed 30 years from their
3date, notwithstanding any other law, including Section 19-3 of
4this Code, to the contrary.
5    (p-90) In addition to all other authority to issue bonds,
6Lebanon Community Unit School District 9 may issue bonds with
7an aggregate principal amount not to exceed $7,500,000, but
8only if all of the following conditions are met:
9        (1) The voters of the district approved a proposition
10    for the bond issuance at the general primary election on
11    February 2, 2010.
12        (2) At or prior to the time of the sale of the bonds,
13    the school board determines, by resolution, that (i) the
14    building and equipping of a new elementary school building
15    is required as a result of a projected increase in the
16    enrollment of students in the district and the age and
17    condition of the existing Lebanon Elementary School
18    building, (ii) a portion of the existing Lebanon Elementary
19    School building will be demolished and the remaining
20    portion will be altered, repaired, and equipped, and (iii)
21    the sale of bonds is authorized by a statute that exempts
22    the debt incurred on the bonds from the district's
23    statutory debt limitation.
24        (3) The bonds are issued, in one or more bond
25    issuances, on or before April 1, 2014, but the aggregate
26    principal amount issued in all such bond issuances combined

 

 

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1    must not exceed $7,500,000.
2        (4) The bonds are issued in accordance with this
3    Article.
4        (5) The proceeds of the bonds are used to accomplish
5    only those projects approved by the voters at the general
6    primary election held on February 2, 2010.
7    The debt incurred on any bonds issued under this subsection
8(p-90) shall not be considered indebtedness for purposes of any
9statutory debt limitation.
10    (p-95) In addition to all other authority to issue bonds,
11Monticello Community Unit School District 25 may issue bonds
12with an aggregate principal amount not to exceed $35,000,000,
13but only if all of the following conditions are met:
14        (1) The voters of the district approve a proposition
15    for the bond issuance at an election held on or after
16    November 4, 2014.
17        (2) Prior to the issuance of the bonds, the school
18    board determines, by resolution, that (i) the building and
19    equipping of a new school building is required as a result
20    of the age and condition of an existing school building and
21    (ii) the issuance of bonds is authorized by a statute that
22    exempts the debt incurred on the bonds from the district's
23    statutory debt limitation.
24        (3) The bonds are issued, in one or more issuances, on
25    or before July 1, 2020, but the aggregate principal amount
26    issued in all such bond issuances combined must not exceed

 

 

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1    $35,000,000.
2        (4) The bonds are issued in accordance with this
3    Article.
4        (5) The proceeds of the bonds are used to accomplish
5    only those projects approved by the voters at an election
6    held on or after November 4, 2014.
7    The debt incurred on any bonds issued under this subsection
8(p-95) shall not be considered indebtedness for purposes of any
9statutory debt limitation. Bonds issued under this subsection
10(p-95) must mature within not to exceed 25 years from their
11date, notwithstanding any other law, including Section 19-3 of
12this Code, to the contrary.
13    (p-100) In addition to all other authority to issue bonds,
14the community unit school district created in the territory
15comprising Milford Community Consolidated School District 280
16and Milford Township High School District 233, as approved at
17the general primary election held on March 18, 2014, may issue
18bonds with an aggregate principal amount not to exceed
19$17,500,000, but only if all the following conditions are met:
20        (1) The voters of the district approve a proposition
21    for the bond issuance at an election held on or after
22    November 4, 2014.
23        (2) Prior to the issuance of the bonds, the school
24    board determines, by resolution, that (i) the building and
25    equipping of a new school building is required as a result
26    of the age and condition of an existing school building and

 

 

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1    (ii) the issuance of bonds is authorized by a statute that
2    exempts the debt incurred on the bonds from the district's
3    statutory debt limitation.
4        (3) The bonds are issued, in one or more issuances, on
5    or before July 1, 2020, but the aggregate principal amount
6    issued in all such bond issuances combined must not exceed
7    $17,500,000.
8        (4) The bonds are issued in accordance with this
9    Article.
10        (5) The proceeds of the bonds are used to accomplish
11    only those projects approved by the voters at an election
12    held on or after November 4, 2014.
13    The debt incurred on any bonds issued under this subsection
14(p-100) shall not be considered indebtedness for purposes of
15any statutory debt limitation. Bonds issued under this
16subsection (p-100) must mature within not to exceed 25 years
17from their date, notwithstanding any other law, including
18Section 19-3 of this Code, to the contrary.
19    (p-105) In addition to all other authority to issue bonds,
20North Shore School District 112 may issue bonds with an
21aggregate principal amount not to exceed $150,000,000, but only
22if all of the following conditions are met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at an election held on or after March
25    15, 2016.
26        (2) Prior to the issuance of the bonds, the school

 

 

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1    board determines, by resolution, that (i) the building and
2    equipping of new buildings and improving the sites thereof
3    and the building and equipping of additions to, altering,
4    repairing, equipping, and renovating existing buildings
5    and improving the sites thereof are required as a result of
6    the age and condition of the district's existing buildings
7    and (ii) the issuance of bonds is authorized by a statute
8    that exempts the debt incurred on the bonds from the
9    district's statutory debt limitation.
10        (3) The bonds are issued, in one or more issuances, not
11    later than 5 years after the date of the referendum
12    approving the issuance of the bonds, but the aggregate
13    principal amount issued in all such bond issuances combined
14    must not exceed $150,000,000.
15        (4) The bonds are issued in accordance with this
16    Article.
17        (5) The proceeds of the bonds are used to accomplish
18    only those projects approved by the voters at an election
19    held on or after March 15, 2016.
20    The debt incurred on any bonds issued under this subsection
21(p-105) and on any bonds issued to refund or continue to refund
22such bonds shall not be considered indebtedness for purposes of
23any statutory debt limitation. Bonds issued under this
24subsection (p-105) and any bonds issued to refund or continue
25to refund such bonds must mature within not to exceed 30 years
26from their date, notwithstanding any other law, including

 

 

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1Section 19-3 of this Code, to the contrary.
2    (p-110) In addition to all other authority to issue bonds,
3Sandoval Community Unit School District 501 may issue bonds
4with an aggregate principal amount not to exceed $2,000,000,
5but only if all of the following conditions are met:
6        (1) The voters of the district approved a proposition
7    for the bond issuance at an election held on March 20,
8    2012.
9        (2) Prior to the issuance of the bonds, the school
10    board determines, by resolution, that (i) the building and
11    equipping of a new school building is required because of
12    the age and current condition of the Sandoval Elementary
13    School building and (ii) the issuance of bonds is
14    authorized by a statute that exempts the debt incurred on
15    the bonds from the district's statutory debt limitation.
16        (3) The bonds are issued, in one or more bond
17    issuances, on or before March 19, 2022, but the aggregate
18    principal amount issued in all such bond issuances combined
19    must not exceed $2,000,000.
20        (4) The bonds are issued in accordance with this
21    Article.
22        (5) The proceeds of the bonds are used to accomplish
23    only those projects approved by the voters at the election
24    held on March 20, 2012.
25    The debt incurred on any bonds issued under this subsection
26(p-110) and on any bonds issued to refund or continue to refund

 

 

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1the bonds shall not be considered indebtedness for purposes of
2any statutory debt limitation.
3    (p-115) In addition to all other authority to issue bonds,
4Bureau Valley Community Unit School District 340 may issue
5bonds with an aggregate principal amount not to exceed
6$25,000,000, but only if all of the following conditions are
7met:
8        (1) The voters of the district approve a proposition
9    for the bond issuance at an election held on or after March
10    15, 2016.
11        (2) Prior to the issuances of the bonds, the school
12    board determines, by resolution, that (i) the renovating
13    and equipping of some existing school buildings, the
14    building and equipping of new school buildings, and the
15    demolishing of some existing school buildings are required
16    as a result of the age and condition of existing school
17    buildings and (ii) the issuance of bonds is authorized by a
18    statute that exempts the debt incurred on the bonds from
19    the district's statutory debt limitation.
20        (3) The bonds are issued, in one or more issuances, on
21    or before July 1, 2021, but the aggregate principal amount
22    issued in all such bond issuances combined must not exceed
23    $25,000,000.
24        (4) The bonds are issued in accordance with this
25    Article.
26        (5) The proceeds of the bonds are used to accomplish

 

 

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1    only those projects approved by the voters at an election
2    held on or after March 15, 2016.
3    The debt incurred on any bonds issued under this subsection
4(p-115) shall not be considered indebtedness for purposes of
5any statutory debt limitation. Bonds issued under this
6subsection (p-115) must mature within not to exceed 30 years
7from their date, notwithstanding any other law, including
8Section 19-3 of this Code, to the contrary.
9    (p-120) In addition to all other authority to issue bonds,
10Paxton-Buckley-Loda Community Unit School District 10 may
11issue bonds with an aggregate principal amount not to exceed
12$28,500,000, but only if all the following conditions are met:
13        (1) The voters of the district approve a proposition
14    for the bond issuance at an election held on or after
15    November 8, 2016.
16        (2) Prior to the issuance of the bonds, the school
17    board determines, by resolution, that (i) the projects as
18    described in said proposition, relating to the building and
19    equipping of one or more school buildings or additions to
20    existing school buildings, are required as a result of the
21    age and condition of the District's existing buildings and
22    (ii) the issuance of bonds is authorized by a statute that
23    exempts the debt incurred on the bonds from the district's
24    statutory debt limitation.
25        (3) The bonds are issued, in one or more issuances, not
26    later than 5 years after the date of the referendum

 

 

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1    approving the issuance of the bonds, but the aggregate
2    principal amount issued in all such bond issuances combined
3    must not exceed $28,500,000.
4        (4) The bonds are issued in accordance with this
5    Article.
6        (5) The proceeds of the bonds are used to accomplish
7    only those projects approved by the voters at an election
8    held on or after November 8, 2016.
9    The debt incurred on any bonds issued under this subsection
10(p-120) and on any bonds issued to refund or continue to refund
11such bonds shall not be considered indebtedness for purposes of
12any statutory debt limitation. Bonds issued under this
13subsection (p-120) and any bonds issued to refund or continue
14to refund such bonds must mature within not to exceed 25 years
15from their date, notwithstanding any other law, including
16Section 19-3 of this Code, to the contrary.
17    (p-125) In addition to all other authority to issue bonds,
18Hillsboro Community Unit School District 3 may issue bonds with
19an aggregate principal amount not to exceed $34,500,000, but
20only if all the following conditions are met:
21        (1) The voters of the district approve a proposition
22    for the bond issuance at an election held on or after March
23    15, 2016.
24        (2) Prior to the issuance of the bonds, the school
25    board determines, by resolution, that (i) altering,
26    repairing, and equipping the high school

 

 

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1    agricultural/vocational building, demolishing the high
2    school main, cafeteria, and gym buildings, building and
3    equipping a school building, and improving sites are
4    required as a result of the age and condition of the
5    district's existing buildings and (ii) the issuance of
6    bonds is authorized by a statute that exempts the debt
7    incurred on the bonds from the district's statutory debt
8    limitation.
9        (3) The bonds are issued, in one or more issuances, not
10    later than 5 years after the date of the referendum
11    approving the issuance of the bonds, but the aggregate
12    principal amount issued in all such bond issuances combined
13    must not exceed $34,500,000.
14        (4) The bonds are issued in accordance with this
15    Article.
16        (5) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at an election
18    held on or after March 15, 2016.
19    The debt incurred on any bonds issued under this subsection
20(p-125) and on any bonds issued to refund or continue to refund
21such bonds shall not be considered indebtedness for purposes of
22any statutory debt limitation. Bonds issued under this
23subsection (p-125) and any bonds issued to refund or continue
24to refund such bonds must mature within not to exceed 25 years
25from their date, notwithstanding any other law, including
26Section 19-3 of this Code, to the contrary.

 

 

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1    (p-130) In addition to all other authority to issue bonds,
2Waltham Community Consolidated School District 185 may incur
3indebtedness in an aggregate principal amount not to exceed
4$9,500,000 to build and equip a new school building and improve
5the site thereof, but only if all the following conditions are
6met:
7        (1) A majority of the voters of the district voting on
8    an advisory question voted in favor of the question
9    regarding the use of funding sources to build a new school
10    building without increasing property tax rates at the
11    general election held on November 8, 2016.
12        (2) Prior to incurring the debt, the school board
13    enters into intergovernmental agreements with the City of
14    LaSalle to pledge moneys in a special tax allocation fund
15    associated with tax increment financing districts LaSalle
16    I and LaSalle III and with the Village of Utica to pledge
17    moneys in a special tax allocation fund associated with tax
18    increment financing district Utica I for the purposes of
19    repaying the debt issued pursuant to this subsection
20    (p-130). Notwithstanding any other provision of law to the
21    contrary, the intergovernmental agreement may extend these
22    tax increment financing districts as necessary to ensure
23    repayment of the debt.
24        (3) Prior to incurring the debt, the school board
25    determines, by resolution, that (i) the building and
26    equipping of a new school building is required as a result

 

 

10000HB1265ham001- 92 -LRB100 02973 AXK 38140 a

1    of the age and condition of the district's existing
2    buildings and (ii) the debt is authorized by a statute that
3    exempts the debt from the district's statutory debt
4    limitation.
5        (4) The debt is incurred, in one or more issuances, not
6    later than January 1, 2021, and the aggregate principal
7    amount of debt issued in all such issuances combined must
8    not exceed $9,500,000.
9    The debt incurred under this subsection (p-130) and on any
10bonds issued to pay, refund, or continue to refund such debt
11shall not be considered indebtedness for purposes of any
12statutory debt limitation. Debt issued under this subsection
13(p-130) and any bonds issued to pay, refund, or continue to
14refund such debt must mature within not to exceed 25 years from
15their date, notwithstanding any other law, including Section
1619-11 of this Code and subsection (b) of Section 17 of the
17Local Government Debt Reform Act, to the contrary.
18    (p-133) (p-130) Notwithstanding the provisions of
19subsection (a) of this Section or of any other law, bonds
20heretofore or hereafter issued by East Prairie School District
2173 with an aggregate principal amount not to exceed $47,353,147
22and approved by the voters of the district at the general
23election held on November 8, 2016, and any bonds issued to
24refund or continue to refund the bonds, shall not be considered
25indebtedness for the purposes of any statutory debt limitation
26and may mature within not to exceed 25 years from their date,

 

 

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1notwithstanding any other law, including Section 19-3 of this
2Code, to the contrary.
3    (p-135) In addition to all other authority to issue bonds,
4Brookfield LaGrange Park School District Number 95 may issue
5bonds with an aggregate principal amount not to exceed
6$20,000,000, but only if all the following conditions are met:
7        (1) The voters of the district approve a proposition
8    for the bond issuance at an election held on or after April
9    4, 2017.
10        (2) Prior to the issuance of the bonds, the school
11    board determines, by resolution, that (i) the additions and
12    renovations to the Brook Park Elementary and S. E. Gross
13    Middle School buildings are required to accommodate
14    enrollment growth, replace outdated facilities, and create
15    spaces consistent with 21st century learning and (ii) the
16    issuance of the bonds is authorized by a statute that
17    exempts the debt incurred on the bonds from the district's
18    statutory debt limitation.
19        (3) The bonds are issued, in one or more issuances, not
20    later than 5 years after the date of the referendum
21    approving the issuance of the bonds, but the aggregate
22    principal amount issued in all such bond issuances combined
23    must not exceed $20,000,000.
24        (4) The bonds are issued in accordance with this
25    Article.
26        (5) The proceeds of the bonds are used to accomplish

 

 

10000HB1265ham001- 94 -LRB100 02973 AXK 38140 a

1    only those projects approved by the voters at an election
2    held on or after April 4, 2017.
3        The debt incurred on any bonds issued under this
4    subsection (p-135) and on any bonds issued to refund or
5    continue to refund such bonds shall not be considered
6    indebtedness for purposes of any statutory debt
7    limitation.
8    (p-140) The debt incurred on any bonds issued by Wolf
9Branch School District 113 under Section 17-2.11 of this Code
10for the purpose of repairing or replacing all or a portion of a
11school building that has been damaged by mine subsidence in an
12aggregate principal amount not to exceed $17,500,000 and on any
13bonds issued to refund or continue to refund those bonds shall
14not be considered indebtedness for purposes of any statutory
15debt limitation and must mature no later than 25 years from the
16date of issuance, notwithstanding any other provision of law to
17the contrary, including Section 19-3 of this Code.
18    (q) A school district must notify the State Board of
19Education prior to issuing any form of long-term or short-term
20debt that will result in outstanding debt that exceeds 75% of
21the debt limit specified in this Section or any other provision
22of law.
23(Source: P.A. 99-78, eff. 7-20-15; 99-143, eff. 7-27-15;
2499-390, eff. 8-18-15; 99-642, eff. 7-28-16; 99-735, eff.
258-5-16; 99-926, eff. 1-20-17, 100-503, eff. 6-1-18; 100-531,
26eff. 9-22-17; revised 11-6-17.)
 

 

 

10000HB1265ham001- 95 -LRB100 02973 AXK 38140 a

1    Section 95. No acceleration or delay. Where this Act makes
2changes in a statute that is represented in this Act by text
3that is not yet or no longer in effect (for example, a Section
4represented by multiple versions), the use of that text does
5not accelerate or delay the taking effect of (i) the changes
6made by this Act or (ii) provisions derived from any other
7Public Act.
 
8    Section 99. Effective date. This Act takes effect upon
9becoming law.".