Bill Status of SB 3483   96th General Assembly

Short Description:  SCH CD-DEBT LIMITATIONS

Senate Sponsors
Sen. David Luechtefeld

House Sponsors
(Rep. Mike Bost)


Last Action  View All Actions

DateChamber Action
  6/25/2010SenatePublic Act . . . . . . . . . 96-0950

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

Synopsis As Introduced
Amends the School Code. In provisions concerning the debt limitations of school districts, provides that in addition to all other authority to issue bonds, West Washington County Community Unit School District 10 may issue bonds with an aggregate principal amount not to exceed $32,200,000 and maturing over a period not exceeding 30 years, but only if all of specified conditions are met. Provides that the debt incurred on any bonds issued under specified provisions shall not be considered indebtedness for purposes of any statutory debt limitation. Effective immediately.

Senate Committee Amendment No. 1
Changes language to provide that in addition to all other authority to issue bonds, West Washington County Community Unit School District 10 may issue bonds with an aggregate principal amount not to exceed $32,200,000 and maturing over a period not exceeding 25 years (instead of 30 years), but only if all of specified conditions are met.

Senate Committee Amendment No. 2
Provides that the proceeds of the bonds must be used to accomplish only those projects approved by the voters at an election held on or after February 2, 2010 (instead of February 2, 2009).

Actions 
DateChamber Action
  2/10/2010SenateFiled with Secretary by Sen. David Luechtefeld
  2/10/2010SenateFirst Reading
  2/10/2010SenateReferred to Assignments
  2/24/2010SenateAssigned to Education
  2/25/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. David Luechtefeld
  2/25/2010SenateSenate Committee Amendment No. 1 Referred to Assignments
  3/1/2010SenateSenate Committee Amendment No. 2 Filed with Secretary by Sen. David Luechtefeld
  3/1/2010SenateSenate Committee Amendment No. 2 Referred to Assignments
  3/2/2010SenateSenate Committee Amendment No. 1 Assignments Refers to Education
  3/2/2010SenateSenate Committee Amendment No. 2 Assignments Refers to Education
  3/2/2010SenateSenate Committee Amendment No. 1 Adopted
  3/2/2010SenateSenate Committee Amendment No. 2 Adopted
  3/3/2010SenateDo Pass as Amended Education; 011-000-000
  3/3/2010SenatePlaced on Calendar Order of 2nd Reading March 4, 2010
  3/11/2010SenateSecond Reading
  3/11/2010SenatePlaced on Calendar Order of 3rd Reading March 12, 2010
  3/15/2010SenateThird Reading - Passed; 045-000-000
  3/15/2010HouseArrived in House
  3/15/2010HouseChief House Sponsor Rep. Mike Bost
  3/15/2010HousePlaced on Calendar Order of First Reading
  3/16/2010HouseFirst Reading
  3/16/2010HouseReferred to Rules Committee
  4/8/2010HouseAssigned to Elementary & Secondary Education Committee
  4/14/2010HouseDo Pass / Short Debate Elementary & Secondary Education Committee; 011-003-000
  4/14/2010HousePlaced on Calendar 2nd Reading - Short Debate
  4/20/2010HouseSecond Reading - Short Debate
  4/20/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/22/2010HouseThird Reading - Short Debate - Passed 074-038-000
  4/22/2010SenatePassed Both Houses
  5/3/2010SenateSent to the Governor
  6/25/2010SenateGovernor Approved
  6/25/2010SenateEffective Date June 25, 2010
  6/25/2010SenatePublic Act . . . . . . . . . 96-0950

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