Illinois General Assembly - Bill Status for HB4472
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 Bill Status of HB4472  99th General Assembly


Short Description:  SCH CD-DEBT LIMT-BUREAU VALLEY

House Sponsors
Rep. Tom Demmer - David R. Leitch - Donald L. Moffitt

Last Action
DateChamber Action
  1/10/2017HouseSession Sine Die

Statutes Amended In Order of Appearance
105 ILCS 5/19-1


Synopsis As Introduced
Amends the School Code with respect to the debt limitations of school districts. Allows Bureau Valley Community Unit School District 340 to issue bonds with an aggregate principal amount not to exceed $25,000,000 if, among other conditions, (i) the voters of the district approve a proposition for the bond issuance at an election held on or after March 15, 2016; (ii) prior to the issuance of the bonds, the school board determines that the renovating and equipping of some existing school buildings, the building and equipping of new school buildings, and the demolishing of some existing school buildings are required as a result of the age and condition of existing school buildings; and (iii) the bonds are issued, in one or more issuances, on or before July 1, 2021. Provides that the debt incurred on the bonds shall not be considered indebtedness for purposes of any statutory debt limitation and the bonds must mature within not to exceed 30 years from their date. Effective immediately.

Actions 
DateChamber Action
  1/20/2016HouseFiled with the Clerk by Rep. David R. Leitch
  1/20/2016HouseFirst Reading
  1/20/2016HouseReferred to Rules Committee
  2/16/2016HouseAssigned to Elementary & Secondary Education: School Curriculum & Policies Committee
  2/16/2016HouseChief Sponsor Changed to Rep. Tom Demmer
  2/16/2016HouseAdded Chief Co-Sponsor Rep. David R. Leitch
  3/2/2016HouseDo Pass / Short Debate Elementary & Secondary Education: School Curriculum & Policies Committee; 015-006-000
  3/2/2016HousePlaced on Calendar 2nd Reading - Short Debate
  3/3/2016HouseAdded Chief Co-Sponsor Rep. Donald L. Moffitt
  4/15/2016HouseSecond Reading - Short Debate
  4/15/2016HouseHeld on Calendar Order of Second Reading - Short Debate
  4/22/2016HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017HouseSession Sine Die

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