Illinois General Assembly - Bill Status for HB4254
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 Bill Status of HB4254  103rd General Assembly


Short Description:  SCH CD-CENTRAL COMM BOND ISSUE

House Sponsors
Rep. Jeff Keicher

Last Action
DateChamber Action
  1/16/2024HouseReferred to Rules Committee

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


Synopsis As Introduced
Amends the School Code. In a Section concerning the debt limitations of school districts, provides that, in addition to all other authority to issue bonds, Central Community Unit School District 301 may issue bonds with an aggregate principal amount not to exceed $195,000,000 if specified conditions are met. Provides that the debt incurred on the bonds shall not be considered indebtedness for purposes of any statutory debt limitation and must mature within not to exceed 25 years from their date. Effective immediately.

Actions 
DateChamber Action
  12/4/2023HouseFiled with the Clerk by Rep. Jeff Keicher
  1/16/2024HouseFirst Reading
  1/16/2024HouseReferred to Rules Committee

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