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Sen. Jeffrey M. Schoenberg
Filed: 4/6/2006
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09400SB0668sam001 |
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SDS094 00270 MSM 30272 a |
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| AMENDMENT TO SENATE BILL 668
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| AMENDMENT NO. ______. Amend Senate Bill 668 |
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| By replacing everything after the enacting clause with the |
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| following:
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| "Article 1.
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| Section 5. The General Obligation Bond Act is amended by |
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| changing Section 5 as follows:
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| (30 ILCS 330/5) (from Ch. 127, par. 655)
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| Sec. 5. School Construction.
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| (a) The amount of $58,450,000 is authorized to
make grants |
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| to local school
districts for the acquisition, development, |
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| construction, reconstruction,
rehabilitation, improvement, |
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| financing, architectural planning and
installation of capital |
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| facilities, including but not limited to those
required for |
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| special
education building projects provided for in Article 14 |
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| of The School Code,
consisting of buildings, structures, and |
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| durable equipment, and for the
acquisition and improvement of |
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| real property and interests in real property
required, or |
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| expected to be required, in connection therewith.
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| (b) $22,550,000, or so much thereof as may be necessary, |
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| for grants to
school districts for the making of principal and |
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| interest payments, required
to be made, on bonds issued by such |
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| school districts after January 1, 1969,
pursuant to any |
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09400SB0668sam001 |
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SDS094 00270 MSM 30272 a |
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| indenture, ordinance, resolution, agreement or contract
to |
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| provide funds for the acquisition, development, construction,
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| reconstruction, rehabilitation, improvement, architectural |
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| planning and installation of
capital facilities consisting of |
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| buildings, structures, durable equipment
and land for |
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| educational purposes or for lease payments required to be made
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| by a school district for principal and interest payments on |
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| bonds issued
by a Public Building Commission after January 1, |
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| 1969.
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| (c) $10,000,000 for grants to school districts for the |
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| acquisition,
development, construction, reconstruction, |
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| rehabilitation, improvement,
architectural
planning and |
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| installation of capital facilities consisting of buildings
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| structures, durable equipment and land for special education |
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| building projects.
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| (d) $9,000,000 for grants to school districts for the |
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| reconstruction,
rehabilitation, improvement, financing and |
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| architectural planning of capital
facilities, including |
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| construction at another location to replace such capital
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| facilities, consisting of those public school buildings and |
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| temporary school
facilities which, prior to January 1, 1984, |
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| were condemned by the regional
superintendent under Section |
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| 3-14.22 of The School Code or by any State
official having |
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| jurisdiction over building safety.
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| (e) $4,050,000,000
$3,050,000,000 for grants to school |
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| districts for
school improvement
projects authorized by the |
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| School Construction Law. The bonds shall be sold in
amounts not |
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| to exceed the following schedule, except any bonds not sold |
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| during
one year shall be added to the bonds to be sold during |
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| the remainder of the
schedule:
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| First year..................................$200,000,000
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| Second year.................................$450,000,000
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| Third year..................................$500,000,000
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| Fourth year.................................$500,000,000
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