Illinois General Assembly - Bill Status for HB5822

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Bill Status of HB5822 98th General Assembly

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Short Description: SCH CD-ALDEN-HEBRON BOND ISSUE

House Sponsors
Rep. Steven Reick

Last Action

Date	Chamber	Action
1/10/2023	House	Session Sine Die

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, Alden-Hebron School District 19 may issue bonds with an aggregate principal amount not to exceed $15,930,000 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 that the bonds must mature within not to exceed 25 years from their date, notwithstanding any other law to the contrary. Effective immediately.

Actions

Date	Chamber	Action
10/20/2022	House	Filed with the Clerk by Rep. Steven Reick
11/16/2022	House	First Reading
11/16/2022	House	Referred to Rules Committee
1/10/2023	House	Session Sine Die

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