Illinois General Assembly - Bill Status for SB0863

Deletes everything after the enacting clause. Amends the School Code. In a Section concerning the debt limitations of school districts, provides that bonds issued by a school district maintaining grades K through 8 or a school district maintaining grades 9 through 12 shall not be considered indebtedness for purposes of any statutory limitation and may be issued in an amount or amounts, including existing indebtedness, in excess of any heretofore or hereafter imposed statutory limitation as to indebtedness if (i) the bonds are issued to pay the cost of acquiring or improving school sites, building and equipping additional school building facilities, or altering, repairing, or equipping existing school building facilities, (ii) the actual present enrollment of students has increased over the previous school year by not less than 35% or by not less than 200 students and the board of education determines that additional school sites or improvements thereto or school building facilities are required as a result of this increase in enrollment, (iii) voters of the district approve a proposition for the issuance of the bonds at a regularly scheduled election, (iv) the principal amount of the bonds, including existing indebtedness, does not exceed 15% of the equalized assessed value of the taxable property in the district, and (v) the bonds are issued prior to January 1, 2008, pursuant to certain provisions of the Code. Effective immediately.

Date	Chamber	Action
1/9/2007	Senate	Session Sine Die

Date	Chamber	Action
2/18/2005	Senate	Filed with Secretary by Sen. Kimberly A. Lightford
2/18/2005	Senate	Chief Co-Sponsor Sen. Emil Jones, Jr.
2/18/2005	Senate	First Reading
2/18/2005	Senate	Referred to Rules
2/24/2005	Senate	Assigned to Education
3/17/2005	Senate	Do Pass Education; 007-004-000
3/17/2005	Senate	Placed on Calendar Order of 2nd Reading April 6, 2005
4/6/2005	Senate	Second Reading
4/6/2005	Senate	Placed on Calendar Order of 3rd Reading April 7, 2005
4/12/2005	Senate	Placed on Calendar Order of 3rd Reading ** April 13, 2005
4/15/2005	Senate	Rule 2-10 Third Reading Deadline Extended to December 31, 2005
7/1/2005	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Rules
11/4/2005	Senate	Rule 2-10 Third Reading Deadline Extended to January 9, 2007
11/15/2006	Senate	Approved for Consideration Rules
11/15/2006	Senate	Placed on Calendar Order of 3rd Reading November 16, 2006
11/15/2006	Senate	Chief Sponsor Changed to Sen. M. Maggie Crotty
11/15/2006	Senate	Senate Floor Amendment No. 1 Filed with Secretary by Sen. M. Maggie Crotty
11/15/2006	Senate	Senate Floor Amendment No. 1 Referred to Rules
11/15/2006	Senate	Senate Floor Amendment No. 1 Rules Refers to Education
11/15/2006	Senate	Added as Chief Co-Sponsor Sen. Christine Radogno
11/15/2006	Senate	Senate Floor Amendment No. 1 Recommend Do Adopt Education; 009-000-000
11/16/2006	Senate	Recalled to Second Reading
11/16/2006	Senate	Senate Floor Amendment No. 1 Adopted; Crotty
11/16/2006	Senate	Placed on Calendar Order of 3rd Reading
11/16/2006	Senate	Third Reading - Passed; 055-000-000
11/16/2006	House	Arrived in House
11/16/2006	House	Placed on Calendar Order of First Reading
11/16/2006	House	Chief House Sponsor Rep. Kevin A. McCarthy
11/16/2006	House	First Reading
11/16/2006	House	Referred to Rules Committee
11/27/2006	House	Added Alternate Chief Co-Sponsor Rep. Renee Kosel
1/9/2007	Senate	Session Sine Die

	Deletes reference to:
	105 ILCS 5/17-1

	Adds reference to:
	105 ILCS 5/19-1	from Ch. 122, par. 19-1