Sen. James F. Clayborne Jr.

Filed: 3/28/2006

 

 


 

 


 
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1
AMENDMENT TO SENATE BILL 857

2     AMENDMENT NO. ______. Amend Senate Bill 857 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The School Code is amended by changing Section
5 19-1 as follows:
 
6     (105 ILCS 5/19-1)  (from Ch. 122, par. 19-1)
7     (Text of Section before amendment by P.A. 94-234)
8     Sec. 19-1. Debt limitations of school districts.
9     (a) School districts shall not be subject to the provisions
10 limiting their indebtedness prescribed in "An Act to limit the
11 indebtedness of counties having a population of less than
12 500,000 and townships, school districts and other municipal
13 corporations having a population of less than 300,000",
14 approved February 15, 1928, as amended.
15     No school districts maintaining grades K through 8 or 9
16 through 12 shall become indebted in any manner or for any
17 purpose to an amount, including existing indebtedness, in the
18 aggregate exceeding 6.9% on the value of the taxable property
19 therein to be ascertained by the last assessment for State and
20 county taxes or, until January 1, 1983, if greater, the sum
21 that is produced by multiplying the school district's 1978
22 equalized assessed valuation by the debt limitation percentage
23 in effect on January 1, 1979, previous to the incurring of such
24 indebtedness.

 

 

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1     No school districts maintaining grades K through 12 shall
2 become indebted in any manner or for any purpose to an amount,
3 including existing indebtedness, in the aggregate exceeding
4 13.8% on the value of the taxable property therein to be
5 ascertained by the last assessment for State and county taxes
6 or, until January 1, 1983, if greater, the sum that is produced
7 by multiplying the school district's 1978 equalized assessed
8 valuation by the debt limitation percentage in effect on
9 January 1, 1979, previous to the incurring of such
10 indebtedness.
11     Notwithstanding the provisions of any other law to the
12 contrary, in any case in which the voters of a school district
13 have approved a proposition for the issuance of bonds of such
14 school district at an election held prior to January 1, 1979,
15 and all of the bonds approved at such election have not been
16 issued, the debt limitation applicable to such school district
17 during the calendar year 1979 shall be computed by multiplying
18 the value of taxable property therein, including personal
19 property, as ascertained by the last assessment for State and
20 county taxes, previous to the incurring of such indebtedness,
21 by the percentage limitation applicable to such school district
22 under the provisions of this subsection (a).
23     (b) Notwithstanding the debt limitation prescribed in
24 subsection (a) of this Section, additional indebtedness may be
25 incurred in an amount not to exceed the estimated cost of
26 acquiring or improving school sites or constructing and
27 equipping additional building facilities under the following
28 conditions:
29         (1) Whenever the enrollment of students for the next
30     school year is estimated by the board of education to
31     increase over the actual present enrollment by not less
32     than 35% or by not less than 200 students or the actual
33     present enrollment of students has increased over the
34     previous school year by not less than 35% or by not less

 

 

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1     than 200 students and the board of education determines
2     that additional school sites or building facilities are
3     required as a result of such increase in enrollment; and
4         (2) When the Regional Superintendent of Schools having
5     jurisdiction over the school district and the State
6     Superintendent of Education concur in such enrollment
7     projection or increase and approve the need for such
8     additional school sites or building facilities and the
9     estimated cost thereof; and
10         (3) When the voters in the school district approve a
11     proposition for the issuance of bonds for the purpose of
12     acquiring or improving such needed school sites or
13     constructing and equipping such needed additional building
14     facilities at an election called and held for that purpose.
15     Notice of such an election shall state that the amount of
16     indebtedness proposed to be incurred would exceed the debt
17     limitation otherwise applicable to the school district.
18     The ballot for such proposition shall state what percentage
19     of the equalized assessed valuation will be outstanding in
20     bonds if the proposed issuance of bonds is approved by the
21     voters; or
22         (4) Notwithstanding the provisions of paragraphs (1)
23     through (3) of this subsection (b), if the school board
24     determines that additional facilities are needed to
25     provide a quality educational program and not less than 2/3
26     of those voting in an election called by the school board
27     on the question approve the issuance of bonds for the
28     construction of such facilities, the school district may
29     issue bonds for this purpose; or
30         (5) Notwithstanding the provisions of paragraphs (1)
31     through (3) of this subsection (b), if (i) the school
32     district has previously availed itself of the provisions of
33     paragraph (4) of this subsection (b) to enable it to issue
34     bonds, (ii) the voters of the school district have not

 

 

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1     defeated a proposition for the issuance of bonds since the
2     referendum described in paragraph (4) of this subsection
3     (b) was held, (iii) the school board determines that
4     additional facilities are needed to provide a quality
5     educational program, and (iv) a majority of those voting in
6     an election called by the school board on the question
7     approve the issuance of bonds for the construction of such
8     facilities, the school district may issue bonds for this
9     purpose.
10     In no event shall the indebtedness incurred pursuant to
11 this subsection (b) and the existing indebtedness of the school
12 district exceed 15% of the value of the taxable property
13 therein to be ascertained by the last assessment for State and
14 county taxes, previous to the incurring of such indebtedness
15 or, until January 1, 1983, if greater, the sum that is produced
16 by multiplying the school district's 1978 equalized assessed
17 valuation by the debt limitation percentage in effect on
18 January 1, 1979.
19     The indebtedness provided for by this subsection (b) shall
20 be in addition to and in excess of any other debt limitation.
21     (c) Notwithstanding the debt limitation prescribed in
22 subsection (a) of this Section, in any case in which a public
23 question for the issuance of bonds of a proposed school
24 district maintaining grades kindergarten through 12 received
25 at least 60% of the valid ballots cast on the question at an
26 election held on or prior to November 8, 1994, and in which the
27 bonds approved at such election have not been issued, the
28 school district pursuant to the requirements of Section 11A-10
29 may issue the total amount of bonds approved at such election
30 for the purpose stated in the question.
31     (d) Notwithstanding the debt limitation prescribed in
32 subsection (a) of this Section, a school district that meets
33 all the criteria set forth in paragraphs (1) and (2) of this
34 subsection (d) may incur an additional indebtedness in an

 

 

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1 amount not to exceed $4,500,000, even though the amount of the
2 additional indebtedness authorized by this subsection (d),
3 when incurred and added to the aggregate amount of indebtedness
4 of the district existing immediately prior to the district
5 incurring the additional indebtedness authorized by this
6 subsection (d), causes the aggregate indebtedness of the
7 district to exceed the debt limitation otherwise applicable to
8 that district under subsection (a):
9         (1) The additional indebtedness authorized by this
10     subsection (d) is incurred by the school district through
11     the issuance of bonds under and in accordance with Section
12     17-2.11a for the purpose of replacing a school building
13     which, because of mine subsidence damage, has been closed
14     as provided in paragraph (2) of this subsection (d) or
15     through the issuance of bonds under and in accordance with
16     Section 19-3 for the purpose of increasing the size of, or
17     providing for additional functions in, such replacement
18     school buildings, or both such purposes.
19         (2) The bonds issued by the school district as provided
20     in paragraph (1) above are issued for the purposes of
21     construction by the school district of a new school
22     building pursuant to Section 17-2.11, to replace an
23     existing school building that, because of mine subsidence
24     damage, is closed as of the end of the 1992-93 school year
25     pursuant to action of the regional superintendent of
26     schools of the educational service region in which the
27     district is located under Section 3-14.22 or are issued for
28     the purpose of increasing the size of, or providing for
29     additional functions in, the new school building being
30     constructed to replace a school building closed as the
31     result of mine subsidence damage, or both such purposes.
32     (e) Notwithstanding the debt limitation prescribed in
33 subsection (a) of this Section, a school district that meets
34 all the criteria set forth in paragraphs (1) through (5) of

 

 

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1 this subsection (e) may, without referendum, incur an
2 additional indebtedness in an amount not to exceed the lesser
3 of $5,000,000 or 1.5% of the value of the taxable property
4 within the district even though the amount of the additional
5 indebtedness authorized by this subsection (e), when incurred
6 and added to the aggregate amount of indebtedness of the
7 district existing immediately prior to the district incurring
8 that additional indebtedness, causes the aggregate
9 indebtedness of the district to exceed or increases the amount
10 by which the aggregate indebtedness of the district already
11 exceeds the debt limitation otherwise applicable to that
12 district under subsection (a):
13         (1) The State Board of Education certifies the school
14     district under Section 19-1.5 as a financially distressed
15     district.
16         (2) The additional indebtedness authorized by this
17     subsection (e) is incurred by the financially distressed
18     district during the school year or school years in which
19     the certification of the district as a financially
20     distressed district continues in effect through the
21     issuance of bonds for the lawful school purposes of the
22     district, pursuant to resolution of the school board and
23     without referendum, as provided in paragraph (5) of this
24     subsection.
25         (3) The aggregate amount of bonds issued by the
26     financially distressed district during a fiscal year in
27     which it is authorized to issue bonds under this subsection
28     does not exceed the amount by which the aggregate
29     expenditures of the district for operational purposes
30     during the immediately preceding fiscal year exceeds the
31     amount appropriated for the operational purposes of the
32     district in the annual school budget adopted by the school
33     board of the district for the fiscal year in which the
34     bonds are issued.

 

 

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1         (4) Throughout each fiscal year in which certification
2     of the district as a financially distressed district
3     continues in effect, the district maintains in effect a
4     gross salary expense and gross wage expense freeze policy
5     under which the district expenditures for total employee
6     salaries and wages do not exceed such expenditures for the
7     immediately preceding fiscal year. Nothing in this
8     paragraph, however, shall be deemed to impair or to require
9     impairment of the contractual obligations, including
10     collective bargaining agreements, of the district or to
11     impair or require the impairment of the vested rights of
12     any employee of the district under the terms of any
13     contract or agreement in effect on the effective date of
14     this amendatory Act of 1994.
15         (5) Bonds issued by the financially distressed
16     district under this subsection shall bear interest at a
17     rate not to exceed the maximum rate authorized by law at
18     the time of the making of the contract, shall mature within
19     40 years from their date of issue, and shall be signed by
20     the president of the school board and treasurer of the
21     school district. In order to issue bonds under this
22     subsection, the school board shall adopt a resolution
23     fixing the amount of the bonds, the date of the bonds, the
24     maturities of the bonds, the rates of interest of the
25     bonds, and their place of payment and denomination, and
26     shall provide for the levy and collection of a direct
27     annual tax upon all the taxable property in the district
28     sufficient to pay the principal and interest on the bonds
29     to maturity. Upon the filing in the office of the county
30     clerk of the county in which the financially distressed
31     district is located of a certified copy of the resolution,
32     it is the duty of the county clerk to extend the tax
33     therefor in addition to and in excess of all other taxes at
34     any time authorized to be levied by the district. If bond

 

 

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1     proceeds from the sale of bonds include a premium or if the
2     proceeds of the bonds are invested as authorized by law,
3     the school board shall determine by resolution whether the
4     interest earned on the investment of bond proceeds or the
5     premium realized on the sale of the bonds is to be used for
6     any of the lawful school purposes for which the bonds were
7     issued or for the payment of the principal indebtedness and
8     interest on the bonds. The proceeds of the bond sale shall
9     be deposited in the educational purposes fund of the
10     district and shall be used to pay operational expenses of
11     the district. This subsection is cumulative and
12     constitutes complete authority for the issuance of bonds as
13     provided in this subsection, notwithstanding any other law
14     to the contrary.
15     (f) Notwithstanding the provisions of subsection (a) of
16 this Section or of any other law, bonds in not to exceed the
17 aggregate amount of $5,500,000 and issued by a school district
18 meeting the following criteria shall not be considered
19 indebtedness for purposes of any statutory limitation and may
20 be issued in an amount or amounts, including existing
21 indebtedness, in excess of any heretofore or hereafter imposed
22 statutory limitation as to indebtedness:
23         (1) At the time of the sale of such bonds, the board of
24     education of the district shall have determined by
25     resolution that the enrollment of students in the district
26     is projected to increase by not less than 7% during each of
27     the next succeeding 2 school years.
28         (2) The board of education shall also determine by
29     resolution that the improvements to be financed with the
30     proceeds of the bonds are needed because of the projected
31     enrollment increases.
32         (3) The board of education shall also determine by
33     resolution that the projected increases in enrollment are
34     the result of improvements made or expected to be made to

 

 

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1     passenger rail facilities located in the school district.
2     Notwithstanding the provisions of subsection (a) of this
3 Section or of any other law, a school district that has availed
4 itself of the provisions of this subsection (f) prior to July
5 22, 2004 (the effective date of Public Act 93-799) may also
6 issue bonds approved by referendum up to an amount, including
7 existing indebtedness, not exceeding 25% of the equalized
8 assessed value of the taxable property in the district if all
9 of the conditions set forth in items (1), (2), and (3) of this
10 subsection (f) are met.
11     (g) Notwithstanding the provisions of subsection (a) of
12 this Section or any other law, bonds in not to exceed an
13 aggregate amount of 25% of the equalized assessed value of the
14 taxable property of a school district and issued by a school
15 district meeting the criteria in paragraphs (i) through (iv) of
16 this subsection shall not be considered indebtedness for
17 purposes of any statutory limitation and may be issued pursuant
18 to resolution of the school board in an amount or amounts,
19 including existing indebtedness, in excess of any statutory
20 limitation of indebtedness heretofore or hereafter imposed:
21         (i) The bonds are issued for the purpose of
22     constructing a new high school building to replace two
23     adjacent existing buildings which together house a single
24     high school, each of which is more than 65 years old, and
25     which together are located on more than 10 acres and less
26     than 11 acres of property.
27         (ii) At the time the resolution authorizing the
28     issuance of the bonds is adopted, the cost of constructing
29     a new school building to replace the existing school
30     building is less than 60% of the cost of repairing the
31     existing school building.
32         (iii) The sale of the bonds occurs before July 1, 1997.
33         (iv) The school district issuing the bonds is a unit
34     school district located in a county of less than 70,000 and

 

 

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1     more than 50,000 inhabitants, which has an average daily
2     attendance of less than 1,500 and an equalized assessed
3     valuation of less than $29,000,000.
4     (h) Notwithstanding any other provisions of this Section or
5 the provisions of any other law, until January 1, 1998, a
6 community unit school district maintaining grades K through 12
7 may issue bonds up to an amount, including existing
8 indebtedness, not exceeding 27.6% of the equalized assessed
9 value of the taxable property in the district, if all of the
10 following conditions are met:
11         (i) The school district has an equalized assessed
12     valuation for calendar year 1995 of less than $24,000,000;
13         (ii) The bonds are issued for the capital improvement,
14     renovation, rehabilitation, or replacement of existing
15     school buildings of the district, all of which buildings
16     were originally constructed not less than 40 years ago;
17         (iii) The voters of the district approve a proposition
18     for the issuance of the bonds at a referendum held after
19     March 19, 1996; and
20         (iv) The bonds are issued pursuant to Sections 19-2
21     through 19-7 of this Code.
22     (i) Notwithstanding any other provisions of this Section or
23 the provisions of any other law, until January 1, 1998, a
24 community unit school district maintaining grades K through 12
25 may issue bonds up to an amount, including existing
26 indebtedness, not exceeding 27% of the equalized assessed value
27 of the taxable property in the district, if all of the
28 following conditions are met:
29         (i) The school district has an equalized assessed
30     valuation for calendar year 1995 of less than $44,600,000;
31         (ii) The bonds are issued for the capital improvement,
32     renovation, rehabilitation, or replacement of existing
33     school buildings of the district, all of which existing
34     buildings were originally constructed not less than 80

 

 

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1     years ago;
2         (iii) The voters of the district approve a proposition
3     for the issuance of the bonds at a referendum held after
4     December 31, 1996; and
5         (iv) The bonds are issued pursuant to Sections 19-2
6     through 19-7 of this Code.
7     (j) Notwithstanding any other provisions of this Section or
8 the provisions of any other law, until January 1, 1999, a
9 community unit school district maintaining grades K through 12
10 may issue bonds up to an amount, including existing
11 indebtedness, not exceeding 27% of the equalized assessed value
12 of the taxable property in the district if all of the following
13 conditions are met:
14         (i) The school district has an equalized assessed
15     valuation for calendar year 1995 of less than $140,000,000
16     and a best 3 months average daily attendance for the
17     1995-96 school year of at least 2,800;
18         (ii) The bonds are issued to purchase a site and build
19     and equip a new high school, and the school district's
20     existing high school was originally constructed not less
21     than 35 years prior to the sale of the bonds;
22         (iii) At the time of the sale of the bonds, the board
23     of education determines by resolution that a new high
24     school is needed because of projected enrollment
25     increases;
26         (iv) At least 60% of those voting in an election held
27     after December 31, 1996 approve a proposition for the
28     issuance of the bonds; and
29         (v) The bonds are issued pursuant to Sections 19-2
30     through 19-7 of this Code.
31     (k) Notwithstanding the debt limitation prescribed in
32 subsection (a) of this Section, a school district that meets
33 all the criteria set forth in paragraphs (1) through (4) of
34 this subsection (k) may issue bonds to incur an additional

 

 

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1 indebtedness in an amount not to exceed $4,000,000 even though
2 the amount of the additional indebtedness authorized by this
3 subsection (k), when incurred and added to the aggregate amount
4 of indebtedness of the school district existing immediately
5 prior to the school district incurring such additional
6 indebtedness, causes the aggregate indebtedness of the school
7 district to exceed or increases the amount by which the
8 aggregate indebtedness of the district already exceeds the debt
9 limitation otherwise applicable to that school district under
10 subsection (a):
11         (1) the school district is located in 2 counties, and a
12     referendum to authorize the additional indebtedness was
13     approved by a majority of the voters of the school district
14     voting on the proposition to authorize that indebtedness;
15         (2) the additional indebtedness is for the purpose of
16     financing a multi-purpose room addition to the existing
17     high school;
18         (3) the additional indebtedness, together with the
19     existing indebtedness of the school district, shall not
20     exceed 17.4% of the value of the taxable property in the
21     school district, to be ascertained by the last assessment
22     for State and county taxes; and
23         (4) the bonds evidencing the additional indebtedness
24     are issued, if at all, within 120 days of the effective
25     date of this amendatory Act of 1998.
26     (l) Notwithstanding any other provisions of this Section or
27 the provisions of any other law, until January 1, 2000, a
28 school district maintaining grades kindergarten through 8 may
29 issue bonds up to an amount, including existing indebtedness,
30 not exceeding 15% of the equalized assessed value of the
31 taxable property in the district if all of the following
32 conditions are met:
33         (i) the district has an equalized assessed valuation
34     for calendar year 1996 of less than $10,000,000;

 

 

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1         (ii) the bonds are issued for capital improvement,
2     renovation, rehabilitation, or replacement of one or more
3     school buildings of the district, which buildings were
4     originally constructed not less than 70 years ago;
5         (iii) the voters of the district approve a proposition
6     for the issuance of the bonds at a referendum held on or
7     after March 17, 1998; and
8         (iv) the bonds are issued pursuant to Sections 19-2
9     through 19-7 of this Code.
10     (m) Notwithstanding any other provisions of this Section or
11 the provisions of any other law, until January 1, 1999, an
12 elementary school district maintaining grades K through 8 may
13 issue bonds up to an amount, excluding existing indebtedness,
14 not exceeding 18% of the equalized assessed value of the
15 taxable property in the district, if all of the following
16 conditions are met:
17         (i) The school district has an equalized assessed
18     valuation for calendar year 1995 or less than $7,700,000;
19         (ii) The school district operates 2 elementary
20     attendance centers that until 1976 were operated as the
21     attendance centers of 2 separate and distinct school
22     districts;
23         (iii) The bonds are issued for the construction of a
24     new elementary school building to replace an existing
25     multi-level elementary school building of the school
26     district that is not handicapped accessible at all levels
27     and parts of which were constructed more than 75 years ago;
28         (iv) The voters of the school district approve a
29     proposition for the issuance of the bonds at a referendum
30     held after July 1, 1998; and
31         (v) The bonds are issued pursuant to Sections 19-2
32     through 19-7 of this Code.
33     (n) Notwithstanding the debt limitation prescribed in
34 subsection (a) of this Section or any other provisions of this

 

 

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1 Section or of any other law, a school district that meets all
2 of the criteria set forth in paragraphs (i) through (vi) of
3 this subsection (n) may incur additional indebtedness by the
4 issuance of bonds in an amount not exceeding the amount
5 certified by the Capital Development Board to the school
6 district as provided in paragraph (iii) of this subsection (n),
7 even though the amount of the additional indebtedness so
8 authorized, when incurred and added to the aggregate amount of
9 indebtedness of the district existing immediately prior to the
10 district incurring the additional indebtedness authorized by
11 this subsection (n), causes the aggregate indebtedness of the
12 district to exceed the debt limitation otherwise applicable by
13 law to that district:
14         (i) The school district applies to the State Board of
15     Education for a school construction project grant and
16     submits a district facilities plan in support of its
17     application pursuant to Section 5-20 of the School
18     Construction Law.
19         (ii) The school district's application and facilities
20     plan are approved by, and the district receives a grant
21     entitlement for a school construction project issued by,
22     the State Board of Education under the School Construction
23     Law.
24         (iii) The school district has exhausted its bonding
25     capacity or the unused bonding capacity of the district is
26     less than the amount certified by the Capital Development
27     Board to the district under Section 5-15 of the School
28     Construction Law as the dollar amount of the school
29     construction project's cost that the district will be
30     required to finance with non-grant funds in order to
31     receive a school construction project grant under the
32     School Construction Law.
33         (iv) The bonds are issued for a "school construction
34     project", as that term is defined in Section 5-5 of the

 

 

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1     School Construction Law, in an amount that does not exceed
2     the dollar amount certified, as provided in paragraph (iii)
3     of this subsection (n), by the Capital Development Board to
4     the school district under Section 5-15 of the School
5     Construction Law.
6         (v) The voters of the district approve a proposition
7     for the issuance of the bonds at a referendum held after
8     the criteria specified in paragraphs (i) and (iii) of this
9     subsection (n) are met.
10         (vi) The bonds are issued pursuant to Sections 19-2
11     through 19-7 of the School Code.
12     (o) Notwithstanding any other provisions of this Section or
13 the provisions of any other law, until November 1, 2007, a
14 community unit school district maintaining grades K through 12
15 may issue bonds up to an amount, including existing
16 indebtedness, not exceeding 20% of the equalized assessed value
17 of the taxable property in the district if all of the following
18 conditions are met:
19         (i) the school district has an equalized assessed
20     valuation for calendar year 2001 of at least $737,000,000
21     and an enrollment for the 2002-2003 school year of at least
22     8,500;
23         (ii) the bonds are issued to purchase school sites,
24     build and equip a new high school, build and equip a new
25     junior high school, build and equip 5 new elementary
26     schools, and make technology and other improvements and
27     additions to existing schools;
28         (iii) at the time of the sale of the bonds, the board
29     of education determines by resolution that the sites and
30     new or improved facilities are needed because of projected
31     enrollment increases;
32         (iv) at least 57% of those voting in a general election
33     held prior to January 1, 2003 approved a proposition for
34     the issuance of the bonds; and

 

 

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1         (v) the bonds are issued pursuant to Sections 19-2
2     through 19-7 of this Code.
3     (p) Notwithstanding any other provisions of this Section or
4 the provisions of any other law, a community unit school
5 district maintaining grades K through 12 may issue bonds up to
6 an amount, including indebtedness, not exceeding 27% of the
7 equalized assessed value of the taxable property in the
8 district if all of the following conditions are met:
9         (i) The school district has an equalized assessed
10     valuation for calendar year 2001 of at least $295,741,187
11     and a best 3 months' average daily attendance for the
12     2002-2003 school year of at least 2,394.
13         (ii) The bonds are issued to build and equip 3
14     elementary school buildings; build and equip one middle
15     school building; and alter, repair, improve, and equip all
16     existing school buildings in the district.
17         (iii) At the time of the sale of the bonds, the board
18     of education determines by resolution that the project is
19     needed because of expanding growth in the school district
20     and a projected enrollment increase.
21         (iv) The bonds are issued pursuant to Sections 19-2
22     through 19-7 of this Code.
23     (p-5) Notwithstanding any other provisions of this Section
24 or the provisions of any other law, bonds issued by a community
25 unit school district maintaining grades K through 12 shall not
26 be considered indebtedness for purposes of any statutory
27 limitation and may be issued in an amount or amounts, including
28 existing indebtedness, in excess of any heretofore or hereafter
29 imposed statutory limitation as to indebtedness, if all of the
30 following conditions are met:
31         (i) For each of the 4 most recent years, residential
32     property comprises more than 80% of the equalized assessed
33     valuation of the district.
34         (ii) At least 2 school buildings that were constructed

 

 

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1     40 or more years prior to the issuance of the bonds will be
2     demolished and will be replaced by new buildings or
3     additions to one or more existing buildings.
4         (iii) Voters of the district approve a proposition for
5     the issuance of the bonds at a regularly scheduled
6     election.
7         (iv) At the time of the sale of the bonds, the school
8     board determines by resolution that the new buildings or
9     building additions are needed because of an increase in
10     enrollment projected by the school board.
11         (v) The principal amount of the bonds, including
12     existing indebtedness, does not exceed 25% of the equalized
13     assessed value of the taxable property in the district.
14         (vi) The bonds are issued prior to January 1, 2007,
15     pursuant to Sections 19-2 through 19-7 of this Code.
16     (p-10) Notwithstanding any other provisions of this
17 Section or the provisions of any other law, bonds issued by a
18 community consolidated school district maintaining grades K
19 through 8 shall not be considered indebtedness for purposes of
20 any statutory limitation and may be issued in an amount or
21 amounts, including existing indebtedness, in excess of any
22 heretofore or hereafter imposed statutory limitation as to
23 indebtedness, if all of the following conditions are met:
24         (i) For each of the 4 most recent years, residential
25     and farm property comprises more than 80% of the equalized
26     assessed valuation of the district.
27         (ii) The bond proceeds are to be used to acquire and
28     improve school sites and build and equip a school building.
29         (iii) Voters of the district approve a proposition for
30     the issuance of the bonds at a regularly scheduled
31     election.
32         (iv) At the time of the sale of the bonds, the school
33     board determines by resolution that the school sites and
34     building additions are needed because of an increase in

 

 

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1     enrollment projected by the school board.
2         (v) The principal amount of the bonds, including
3     existing indebtedness, does not exceed 20% of the equalized
4     assessed value of the taxable property in the district.
5         (vi) The bonds are issued prior to January 1, 2007,
6     pursuant to Sections 19-2 through 19-7 of this Code.
7 (Source: P.A. 93-13, eff. 6-9-03; 93-799, eff. 7-22-04;
8 93-1045, eff. 10-15-04; 94-721, eff. 1-6-06.)
 
9     (Text of Section after amendment by P.A. 94-234)
10     Sec. 19-1. Debt limitations of school districts.
11     (a) School districts shall not be subject to the provisions
12 limiting their indebtedness prescribed in "An Act to limit the
13 indebtedness of counties having a population of less than
14 500,000 and townships, school districts and other municipal
15 corporations having a population of less than 300,000",
16 approved February 15, 1928, as amended.
17     No school districts maintaining grades K through 8 or 9
18 through 12 shall become indebted in any manner or for any
19 purpose to an amount, including existing indebtedness, in the
20 aggregate exceeding 6.9% on the value of the taxable property
21 therein to be ascertained by the last assessment for State and
22 county taxes or, until January 1, 1983, if greater, the sum
23 that is produced by multiplying the school district's 1978
24 equalized assessed valuation by the debt limitation percentage
25 in effect on January 1, 1979, previous to the incurring of such
26 indebtedness.
27     No school districts maintaining grades K through 12 shall
28 become indebted in any manner or for any purpose to an amount,
29 including existing indebtedness, in the aggregate exceeding
30 13.8% on the value of the taxable property therein to be
31 ascertained by the last assessment for State and county taxes
32 or, until January 1, 1983, if greater, the sum that is produced
33 by multiplying the school district's 1978 equalized assessed

 

 

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1 valuation by the debt limitation percentage in effect on
2 January 1, 1979, previous to the incurring of such
3 indebtedness.
4     Notwithstanding the provisions of any other law to the
5 contrary, in any case in which the voters of a school district
6 have approved a proposition for the issuance of bonds of such
7 school district at an election held prior to January 1, 1979,
8 and all of the bonds approved at such election have not been
9 issued, the debt limitation applicable to such school district
10 during the calendar year 1979 shall be computed by multiplying
11 the value of taxable property therein, including personal
12 property, as ascertained by the last assessment for State and
13 county taxes, previous to the incurring of such indebtedness,
14 by the percentage limitation applicable to such school district
15 under the provisions of this subsection (a).
16     (b) Notwithstanding the debt limitation prescribed in
17 subsection (a) of this Section, additional indebtedness may be
18 incurred in an amount not to exceed the estimated cost of
19 acquiring or improving school sites or constructing and
20 equipping additional building facilities under the following
21 conditions:
22         (1) Whenever the enrollment of students for the next
23     school year is estimated by the board of education to
24     increase over the actual present enrollment by not less
25     than 35% or by not less than 200 students or the actual
26     present enrollment of students has increased over the
27     previous school year by not less than 35% or by not less
28     than 200 students and the board of education determines
29     that additional school sites or building facilities are
30     required as a result of such increase in enrollment; and
31         (2) When the Regional Superintendent of Schools having
32     jurisdiction over the school district and the State
33     Superintendent of Education concur in such enrollment
34     projection or increase and approve the need for such

 

 

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1     additional school sites or building facilities and the
2     estimated cost thereof; and
3         (3) When the voters in the school district approve a
4     proposition for the issuance of bonds for the purpose of
5     acquiring or improving such needed school sites or
6     constructing and equipping such needed additional building
7     facilities at an election called and held for that purpose.
8     Notice of such an election shall state that the amount of
9     indebtedness proposed to be incurred would exceed the debt
10     limitation otherwise applicable to the school district.
11     The ballot for such proposition shall state what percentage
12     of the equalized assessed valuation will be outstanding in
13     bonds if the proposed issuance of bonds is approved by the
14     voters; or
15         (4) Notwithstanding the provisions of paragraphs (1)
16     through (3) of this subsection (b), if the school board
17     determines that additional facilities are needed to
18     provide a quality educational program and not less than 2/3
19     of those voting in an election called by the school board
20     on the question approve the issuance of bonds for the
21     construction of such facilities, the school district may
22     issue bonds for this purpose; or
23         (5) Notwithstanding the provisions of paragraphs (1)
24     through (3) of this subsection (b), if (i) the school
25     district has previously availed itself of the provisions of
26     paragraph (4) of this subsection (b) to enable it to issue
27     bonds, (ii) the voters of the school district have not
28     defeated a proposition for the issuance of bonds since the
29     referendum described in paragraph (4) of this subsection
30     (b) was held, (iii) the school board determines that
31     additional facilities are needed to provide a quality
32     educational program, and (iv) a majority of those voting in
33     an election called by the school board on the question
34     approve the issuance of bonds for the construction of such

 

 

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1     facilities, the school district may issue bonds for this
2     purpose.
3     In no event shall the indebtedness incurred pursuant to
4 this subsection (b) and the existing indebtedness of the school
5 district exceed 15% of the value of the taxable property
6 therein to be ascertained by the last assessment for State and
7 county taxes, previous to the incurring of such indebtedness
8 or, until January 1, 1983, if greater, the sum that is produced
9 by multiplying the school district's 1978 equalized assessed
10 valuation by the debt limitation percentage in effect on
11 January 1, 1979.
12     The indebtedness provided for by this subsection (b) shall
13 be in addition to and in excess of any other debt limitation.
14     (c) Notwithstanding the debt limitation prescribed in
15 subsection (a) of this Section, in any case in which a public
16 question for the issuance of bonds of a proposed school
17 district maintaining grades kindergarten through 12 received
18 at least 60% of the valid ballots cast on the question at an
19 election held on or prior to November 8, 1994, and in which the
20 bonds approved at such election have not been issued, the
21 school district pursuant to the requirements of Section 11A-10
22 may issue the total amount of bonds approved at such election
23 for the purpose stated in the question.
24     (d) Notwithstanding the debt limitation prescribed in
25 subsection (a) of this Section, a school district that meets
26 all the criteria set forth in paragraphs (1) and (2) of this
27 subsection (d) may incur an additional indebtedness in an
28 amount not to exceed $4,500,000, even though the amount of the
29 additional indebtedness authorized by this subsection (d),
30 when incurred and added to the aggregate amount of indebtedness
31 of the district existing immediately prior to the district
32 incurring the additional indebtedness authorized by this
33 subsection (d), causes the aggregate indebtedness of the
34 district to exceed the debt limitation otherwise applicable to

 

 

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1 that district under subsection (a):
2         (1) The additional indebtedness authorized by this
3     subsection (d) is incurred by the school district through
4     the issuance of bonds under and in accordance with Section
5     17-2.11a for the purpose of replacing a school building
6     which, because of mine subsidence damage, has been closed
7     as provided in paragraph (2) of this subsection (d) or
8     through the issuance of bonds under and in accordance with
9     Section 19-3 for the purpose of increasing the size of, or
10     providing for additional functions in, such replacement
11     school buildings, or both such purposes.
12         (2) The bonds issued by the school district as provided
13     in paragraph (1) above are issued for the purposes of
14     construction by the school district of a new school
15     building pursuant to Section 17-2.11, to replace an
16     existing school building that, because of mine subsidence
17     damage, is closed as of the end of the 1992-93 school year
18     pursuant to action of the regional superintendent of
19     schools of the educational service region in which the
20     district is located under Section 3-14.22 or are issued for
21     the purpose of increasing the size of, or providing for
22     additional functions in, the new school building being
23     constructed to replace a school building closed as the
24     result of mine subsidence damage, or both such purposes.
25     (e) (Blank).
26     (f) Notwithstanding the provisions of subsection (a) of
27 this Section or of any other law, bonds in not to exceed the
28 aggregate amount of $5,500,000 and issued by a school district
29 meeting the following criteria shall not be considered
30 indebtedness for purposes of any statutory limitation and may
31 be issued in an amount or amounts, including existing
32 indebtedness, in excess of any heretofore or hereafter imposed
33 statutory limitation as to indebtedness:
34         (1) At the time of the sale of such bonds, the board of

 

 

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1     education of the district shall have determined by
2     resolution that the enrollment of students in the district
3     is projected to increase by not less than 7% during each of
4     the next succeeding 2 school years.
5         (2) The board of education shall also determine by
6     resolution that the improvements to be financed with the
7     proceeds of the bonds are needed because of the projected
8     enrollment increases.
9         (3) The board of education shall also determine by
10     resolution that the projected increases in enrollment are
11     the result of improvements made or expected to be made to
12     passenger rail facilities located in the school district.
13     Notwithstanding the provisions of subsection (a) of this
14 Section or of any other law, a school district that has availed
15 itself of the provisions of this subsection (f) prior to July
16 22, 2004 (the effective date of Public Act 93-799) may also
17 issue bonds approved by referendum up to an amount, including
18 existing indebtedness, not exceeding 25% of the equalized
19 assessed value of the taxable property in the district if all
20 of the conditions set forth in items (1), (2), and (3) of this
21 subsection (f) are met.
22     (g) Notwithstanding the provisions of subsection (a) of
23 this Section or any other law, bonds in not to exceed an
24 aggregate amount of 25% of the equalized assessed value of the
25 taxable property of a school district and issued by a school
26 district meeting the criteria in paragraphs (i) through (iv) of
27 this subsection shall not be considered indebtedness for
28 purposes of any statutory limitation and may be issued pursuant
29 to resolution of the school board in an amount or amounts,
30 including existing indebtedness, in excess of any statutory
31 limitation of indebtedness heretofore or hereafter imposed:
32         (i) The bonds are issued for the purpose of
33     constructing a new high school building to replace two
34     adjacent existing buildings which together house a single

 

 

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1     high school, each of which is more than 65 years old, and
2     which together are located on more than 10 acres and less
3     than 11 acres of property.
4         (ii) At the time the resolution authorizing the
5     issuance of the bonds is adopted, the cost of constructing
6     a new school building to replace the existing school
7     building is less than 60% of the cost of repairing the
8     existing school building.
9         (iii) The sale of the bonds occurs before July 1, 1997.
10         (iv) The school district issuing the bonds is a unit
11     school district located in a county of less than 70,000 and
12     more than 50,000 inhabitants, which has an average daily
13     attendance of less than 1,500 and an equalized assessed
14     valuation of less than $29,000,000.
15     (h) Notwithstanding any other provisions of this Section or
16 the provisions of any other law, until January 1, 1998, a
17 community unit school district maintaining grades K through 12
18 may issue bonds up to an amount, including existing
19 indebtedness, not exceeding 27.6% of the equalized assessed
20 value of the taxable property in the district, if all of the
21 following conditions are met:
22         (i) The school district has an equalized assessed
23     valuation for calendar year 1995 of less than $24,000,000;
24         (ii) The bonds are issued for the capital improvement,
25     renovation, rehabilitation, or replacement of existing
26     school buildings of the district, all of which buildings
27     were originally constructed not less than 40 years ago;
28         (iii) The voters of the district approve a proposition
29     for the issuance of the bonds at a referendum held after
30     March 19, 1996; and
31         (iv) The bonds are issued pursuant to Sections 19-2
32     through 19-7 of this Code.
33     (i) Notwithstanding any other provisions of this Section or
34 the provisions of any other law, until January 1, 1998, a

 

 

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1 community unit school district maintaining grades K through 12
2 may issue bonds up to an amount, including existing
3 indebtedness, not exceeding 27% of the equalized assessed value
4 of the taxable property in the district, if all of the
5 following conditions are met:
6         (i) The school district has an equalized assessed
7     valuation for calendar year 1995 of less than $44,600,000;
8         (ii) The bonds are issued for the capital improvement,
9     renovation, rehabilitation, or replacement of existing
10     school buildings of the district, all of which existing
11     buildings were originally constructed not less than 80
12     years ago;
13         (iii) The voters of the district approve a proposition
14     for the issuance of the bonds at a referendum held after
15     December 31, 1996; and
16         (iv) The bonds are issued pursuant to Sections 19-2
17     through 19-7 of this Code.
18     (j) Notwithstanding any other provisions of this Section or
19 the provisions of any other law, until January 1, 1999, a
20 community unit school district maintaining grades K through 12
21 may issue bonds up to an amount, including existing
22 indebtedness, not exceeding 27% of the equalized assessed value
23 of the taxable property in the district if all of the following
24 conditions are met:
25         (i) The school district has an equalized assessed
26     valuation for calendar year 1995 of less than $140,000,000
27     and a best 3 months average daily attendance for the
28     1995-96 school year of at least 2,800;
29         (ii) The bonds are issued to purchase a site and build
30     and equip a new high school, and the school district's
31     existing high school was originally constructed not less
32     than 35 years prior to the sale of the bonds;
33         (iii) At the time of the sale of the bonds, the board
34     of education determines by resolution that a new high

 

 

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1     school is needed because of projected enrollment
2     increases;
3         (iv) At least 60% of those voting in an election held
4     after December 31, 1996 approve a proposition for the
5     issuance of the bonds; and
6         (v) The bonds are issued pursuant to Sections 19-2
7     through 19-7 of this Code.
8     (k) Notwithstanding the debt limitation prescribed in
9 subsection (a) of this Section, a school district that meets
10 all the criteria set forth in paragraphs (1) through (4) of
11 this subsection (k) may issue bonds to incur an additional
12 indebtedness in an amount not to exceed $4,000,000 even though
13 the amount of the additional indebtedness authorized by this
14 subsection (k), when incurred and added to the aggregate amount
15 of indebtedness of the school district existing immediately
16 prior to the school district incurring such additional
17 indebtedness, causes the aggregate indebtedness of the school
18 district to exceed or increases the amount by which the
19 aggregate indebtedness of the district already exceeds the debt
20 limitation otherwise applicable to that school district under
21 subsection (a):
22         (1) the school district is located in 2 counties, and a
23     referendum to authorize the additional indebtedness was
24     approved by a majority of the voters of the school district
25     voting on the proposition to authorize that indebtedness;
26         (2) the additional indebtedness is for the purpose of
27     financing a multi-purpose room addition to the existing
28     high school;
29         (3) the additional indebtedness, together with the
30     existing indebtedness of the school district, shall not
31     exceed 17.4% of the value of the taxable property in the
32     school district, to be ascertained by the last assessment
33     for State and county taxes; and
34         (4) the bonds evidencing the additional indebtedness

 

 

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1     are issued, if at all, within 120 days of the effective
2     date of this amendatory Act of 1998.
3     (l) Notwithstanding any other provisions of this Section or
4 the provisions of any other law, until January 1, 2000, a
5 school district maintaining grades kindergarten through 8 may
6 issue bonds up to an amount, including existing indebtedness,
7 not exceeding 15% of the equalized assessed value of the
8 taxable property in the district if all of the following
9 conditions are met:
10         (i) the district has an equalized assessed valuation
11     for calendar year 1996 of less than $10,000,000;
12         (ii) the bonds are issued for capital improvement,
13     renovation, rehabilitation, or replacement of one or more
14     school buildings of the district, which buildings were
15     originally constructed not less than 70 years ago;
16         (iii) the voters of the district approve a proposition
17     for the issuance of the bonds at a referendum held on or
18     after March 17, 1998; and
19         (iv) the bonds are issued pursuant to Sections 19-2
20     through 19-7 of this Code.
21     (m) Notwithstanding any other provisions of this Section or
22 the provisions of any other law, until January 1, 1999, an
23 elementary school district maintaining grades K through 8 may
24 issue bonds up to an amount, excluding existing indebtedness,
25 not exceeding 18% of the equalized assessed value of the
26 taxable property in the district, if all of the following
27 conditions are met:
28         (i) The school district has an equalized assessed
29     valuation for calendar year 1995 or less than $7,700,000;
30         (ii) The school district operates 2 elementary
31     attendance centers that until 1976 were operated as the
32     attendance centers of 2 separate and distinct school
33     districts;
34         (iii) The bonds are issued for the construction of a

 

 

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1     new elementary school building to replace an existing
2     multi-level elementary school building of the school
3     district that is not handicapped accessible at all levels
4     and parts of which were constructed more than 75 years ago;
5         (iv) The voters of the school district approve a
6     proposition for the issuance of the bonds at a referendum
7     held after July 1, 1998; and
8         (v) The bonds are issued pursuant to Sections 19-2
9     through 19-7 of this Code.
10     (n) Notwithstanding the debt limitation prescribed in
11 subsection (a) of this Section or any other provisions of this
12 Section or of any other law, a school district that meets all
13 of the criteria set forth in paragraphs (i) through (vi) of
14 this subsection (n) may incur additional indebtedness by the
15 issuance of bonds in an amount not exceeding the amount
16 certified by the Capital Development Board to the school
17 district as provided in paragraph (iii) of this subsection (n),
18 even though the amount of the additional indebtedness so
19 authorized, when incurred and added to the aggregate amount of
20 indebtedness of the district existing immediately prior to the
21 district incurring the additional indebtedness authorized by
22 this subsection (n), causes the aggregate indebtedness of the
23 district to exceed the debt limitation otherwise applicable by
24 law to that district:
25         (i) The school district applies to the State Board of
26     Education for a school construction project grant and
27     submits a district facilities plan in support of its
28     application pursuant to Section 5-20 of the School
29     Construction Law.
30         (ii) The school district's application and facilities
31     plan are approved by, and the district receives a grant
32     entitlement for a school construction project issued by,
33     the State Board of Education under the School Construction
34     Law.

 

 

09400SB0857sam001 - 29 - LRB094 04505 NHT 57750 a

1         (iii) The school district has exhausted its bonding
2     capacity or the unused bonding capacity of the district is
3     less than the amount certified by the Capital Development
4     Board to the district under Section 5-15 of the School
5     Construction Law as the dollar amount of the school
6     construction project's cost that the district will be
7     required to finance with non-grant funds in order to
8     receive a school construction project grant under the
9     School Construction Law.
10         (iv) The bonds are issued for a "school construction
11     project", as that term is defined in Section 5-5 of the
12     School Construction Law, in an amount that does not exceed
13     the dollar amount certified, as provided in paragraph (iii)
14     of this subsection (n), by the Capital Development Board to
15     the school district under Section 5-15 of the School
16     Construction Law.
17         (v) The voters of the district approve a proposition
18     for the issuance of the bonds at a referendum held after
19     the criteria specified in paragraphs (i) and (iii) of this
20     subsection (n) are met.
21         (vi) The bonds are issued pursuant to Sections 19-2
22     through 19-7 of the School Code.
23     (o) Notwithstanding any other provisions of this Section or
24 the provisions of any other law, until November 1, 2007, a
25 community unit school district maintaining grades K through 12
26 may issue bonds up to an amount, including existing
27 indebtedness, not exceeding 20% of the equalized assessed value
28 of the taxable property in the district if all of the following
29 conditions are met:
30         (i) the school district has an equalized assessed
31     valuation for calendar year 2001 of at least $737,000,000
32     and an enrollment for the 2002-2003 school year of at least
33     8,500;
34         (ii) the bonds are issued to purchase school sites,

 

 

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1     build and equip a new high school, build and equip a new
2     junior high school, build and equip 5 new elementary
3     schools, and make technology and other improvements and
4     additions to existing schools;
5         (iii) at the time of the sale of the bonds, the board
6     of education determines by resolution that the sites and
7     new or improved facilities are needed because of projected
8     enrollment increases;
9         (iv) at least 57% of those voting in a general election
10     held prior to January 1, 2003 approved a proposition for
11     the issuance of the bonds; and
12         (v) the bonds are issued pursuant to Sections 19-2
13     through 19-7 of this Code.
14     (p) Notwithstanding any other provisions of this Section or
15 the provisions of any other law, a community unit school
16 district maintaining grades K through 12 may issue bonds up to
17 an amount, including indebtedness, not exceeding 27% of the
18 equalized assessed value of the taxable property in the
19 district if all of the following conditions are met:
20         (i) The school district has an equalized assessed
21     valuation for calendar year 2001 of at least $295,741,187
22     and a best 3 months' average daily attendance for the
23     2002-2003 school year of at least 2,394.
24         (ii) The bonds are issued to build and equip 3
25     elementary school buildings; build and equip one middle
26     school building; and alter, repair, improve, and equip all
27     existing school buildings in the district.
28         (iii) At the time of the sale of the bonds, the board
29     of education determines by resolution that the project is
30     needed because of expanding growth in the school district
31     and a projected enrollment increase.
32         (iv) The bonds are issued pursuant to Sections 19-2
33     through 19-7 of this Code.
34     (p-5) Notwithstanding any other provisions of this Section

 

 

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1 or the provisions of any other law, bonds issued by a community
2 unit school district maintaining grades K through 12 shall not
3 be considered indebtedness for purposes of any statutory
4 limitation and may be issued in an amount or amounts, including
5 existing indebtedness, in excess of any heretofore or hereafter
6 imposed statutory limitation as to indebtedness, if all of the
7 following conditions are met:
8         (i) For each of the 4 most recent years, residential
9     property comprises more than 80% of the equalized assessed
10     valuation of the district.
11         (ii) At least 2 school buildings that were constructed
12     40 or more years prior to the issuance of the bonds will be
13     demolished and will be replaced by new buildings or
14     additions to one or more existing buildings.
15         (iii) Voters of the district approve a proposition for
16     the issuance of the bonds at a regularly scheduled
17     election.
18         (iv) At the time of the sale of the bonds, the school
19     board determines by resolution that the new buildings or
20     building additions are needed because of an increase in
21     enrollment projected by the school board.
22         (v) The principal amount of the bonds, including
23     existing indebtedness, does not exceed 25% of the equalized
24     assessed value of the taxable property in the district.
25         (vi) The bonds are issued prior to January 1, 2007,
26     pursuant to Sections 19-2 through 19-7 of this Code.
27     (p-10) Notwithstanding any other provisions of this
28 Section or the provisions of any other law, bonds issued by a
29 community consolidated school district maintaining grades K
30 through 8 shall not be considered indebtedness for purposes of
31 any statutory limitation and may be issued in an amount or
32 amounts, including existing indebtedness, in excess of any
33 heretofore or hereafter imposed statutory limitation as to
34 indebtedness, if all of the following conditions are met:

 

 

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1         (i) For each of the 4 most recent years, residential
2     and farm property comprises more than 80% of the equalized
3     assessed valuation of the district.
4         (ii) The bond proceeds are to be used to acquire and
5     improve school sites and build and equip a school building.
6         (iii) Voters of the district approve a proposition for
7     the issuance of the bonds at a regularly scheduled
8     election.
9         (iv) At the time of the sale of the bonds, the school
10     board determines by resolution that the school sites and
11     building additions are needed because of an increase in
12     enrollment projected by the school board.
13         (v) The principal amount of the bonds, including
14     existing indebtedness, does not exceed 20% of the equalized
15     assessed value of the taxable property in the district.
16         (vi) The bonds are issued prior to January 1, 2007,
17     pursuant to Sections 19-2 through 19-7 of this Code.
18     (q) A school district must notify the State Board of
19 Education prior to issuing any form of long-term or short-term
20 debt that will result in outstanding debt that exceeds 75% of
21 the debt limit specified in this Section or any other provision
22 of law.
23 (Source: P.A. 93-13, eff. 6-9-03; 93-799, eff. 7-22-04;
24 93-1045, eff. 10-15-04; 94-234, eff. 7-1-06; 94-721, eff.
25 1-6-06.)
 
26     Section 95. No acceleration or delay. Where this Act makes
27 changes in a statute that is represented in this Act by text
28 that is not yet or no longer in effect (for example, a Section
29 represented by multiple versions), the use of that text does
30 not accelerate or delay the taking effect of (i) the changes
31 made by this Act or (ii) provisions derived from any other
32 Public Act.
 

 

 

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1     Section 99. Effective date. This Act takes effect upon
2 becoming law.".