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 Bill Status of HB0760  100th General Assembly


Short Description:  SCH CD-EAST PRAIRIE BONDING

House Sponsors
Rep. Lou Lang

Senate Sponsors
(Sen. Ira I. Silverstein )

Hearings
Education Hearing May 2 2017 2:30PM Capitol 212 Springfield, IL


Last Action
DateChamber Action
  4/25/2017SenateAssigned to Education

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


Synopsis As Introduced
Amends provisions of the School Code concerning debt limitations. Provides that notwithstanding other provisions of law, bonds issued by East Prairie School District 73 with an aggregate principal amount not to exceed $47,353,147 and approved by the voters of the district at the general election held on November 8, 2016, and any bonds issued to refund or continue to refund the bonds, shall not be considered indebtedness for the purposes of any statutory debt limitation and may mature within not to exceed 25 years from their date, notwithstanding any other law to the contrary.

House Floor Amendment No. 1
Adds reference to:
30 ILCS 352/21 new

Replaces everything after the enacting clause with provisions of the introduced bill with the following changes: Provides that no school district may issue bonds and rely on exceptions to the debt limitations unless it complies with specified provisions of the Bond Issue Notification Act and the bonds have been approved by referendum. Amends the Bond Issue Notification Act. Requires school districts relying on an exception to the debt limitations of the School Code, before issuing bonds, to hold a hearing as required by the Act, and to set forth specified information concerning the bonds in the hearing notice. Requires school districts to state that the information in the notice is based on estimates, and provides that any differences between the information in the notice and the actual results at the time the bonds are sold shall not invalidate the required hearing or the results of the referendum for the bonds.

Actions 
DateChamber Action
  1/26/2017HouseFiled with the Clerk by Rep. Lou Lang
  1/27/2017HouseFirst Reading
  1/27/2017HouseReferred to Rules Committee
  2/8/2017HouseAssigned to Elementary & Secondary Education: Licensing, Administration & Oversight
  2/16/2017HouseDo Pass / Short Debate Elementary & Secondary Education: Licensing, Administration & Oversight; 008-001-000
  2/16/2017HousePlaced on Calendar 2nd Reading - Short Debate
  3/24/2017HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Lou Lang
  3/24/2017HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  3/27/2017HouseHouse Floor Amendment No. 1 Rules Refers to Elementary & Secondary Education: Licensing, Administration & Oversight
  3/29/2017HouseHouse Floor Amendment No. 1 Recommends Be Adopted Elementary & Secondary Education: Licensing, Administration & Oversight; 009-000-000
  4/4/2017HouseSecond Reading - Short Debate
  4/4/2017HouseHouse Floor Amendment No. 1 Adopted
  4/4/2017HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/5/2017HouseThird Reading - Short Debate - Passed 071-045-000
  4/6/2017SenateArrive in Senate
  4/6/2017SenatePlaced on Calendar Order of First Reading
  4/6/2017SenateChief Senate Sponsor Sen. Ira I. Silverstein
  4/6/2017SenateFirst Reading
  4/6/2017SenateReferred to Assignments
  4/25/2017SenateAssigned to Education

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