Sen. J. Bradley Burzynski
Filed: 5/9/2007
 
 

 




 

 		












09500HB1969sam003

LRB095 11335 NHT 36108 a






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AMENDMENT TO HOUSE BILL 1969




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    AMENDMENT NO. ______. Amend House Bill 1969, AS AMENDED, in 
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Section 5, Sec. 19-1, immediately below subsec. (p-30), by 
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inserting the following:

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    "(p-35) In addition to all other authority to issue bonds, 
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Prairie Hill Community Consolidated School District 133 may 
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issue bonds with an aggregate principal amount not to exceed 
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$13,900,000, but only if all of the following conditions are 
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met:
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        (i) The voters of the district approved a proposition 
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    for the bond issuance at an election held on April 17, 
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    2007.

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        (ii) At the time of the sale of the bonds, the school 
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    board determines, by resolution, that (A) the improvement 
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    of the site of and the building and equipping of a school 
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    building are required as a result of a projected increase 
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    in the enrollment of students in the district and (B) the 
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    repairing and equipping of the Prairie Hill Elementary 
 


 






09500HB1969sam003
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LRB095 11335 NHT 36108 a




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    School building is required because of the age of that 
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    school building.
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        (iii) The bonds are issued, in one or more bond 
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    issuances, on or before December 31, 2011, but the 
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    aggregate principal amount issued in all such bond 
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    issuances combined must not exceed $13,900,000.
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        (iv) The bonds are issued in accordance with this 
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    Article.
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        (v) The proceeds of the bonds are used to accomplish 
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    only those projects approved by the voters at an election 
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    held on April 17. 2007.
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    The debt incurred on any bonds issued under this subsection 
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(p-35) shall not be considered indebtedness for purposes of any 
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statutory debt limitation.".