Illinois General Assembly - Full Text of HB2078
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Full Text of HB2078  102nd General Assembly

HB2078 102ND GENERAL ASSEMBLY


 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB2078

 

Introduced 2/17/2021, by Rep. Jim Durkin

 

SYNOPSIS AS INTRODUCED:
 
105 ILCS 5/19-1

    Amends the School Code. Makes a technical change in a Section concerning debt limitations of school districts.


LRB102 12297 CMG 17634 b

 

 

A BILL FOR

 

HB2078LRB102 12297 CMG 17634 b

1    AN ACT concerning education.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The School Code is amended by changing Section
519-1 as follows:
 
6    (105 ILCS 5/19-1)
7    Sec. 19-1. Debt limitations of school districts.
8    (a) School districts shall not be subject to the the
9provisions limiting their indebtedness prescribed in the Local
10Government Debt Limitation Act.
11    No school districts maintaining grades K through 8 or 9
12through 12 shall become indebted in any manner or for any
13purpose to an amount, including existing indebtedness, in the
14aggregate exceeding 6.9% on the value of the taxable property
15therein to be ascertained by the last assessment for State and
16county taxes or, until January 1, 1983, if greater, the sum
17that is produced by multiplying the school district's 1978
18equalized assessed valuation by the debt limitation percentage
19in effect on January 1, 1979, previous to the incurring of such
20indebtedness.
21    No school districts maintaining grades K through 12 shall
22become indebted in any manner or for any purpose to an amount,
23including existing indebtedness, in the aggregate exceeding

 

 

HB2078- 2 -LRB102 12297 CMG 17634 b

113.8% on the value of the taxable property therein to be
2ascertained by the last assessment for State and county taxes
3or, until January 1, 1983, if greater, the sum that is produced
4by multiplying the school district's 1978 equalized assessed
5valuation by the debt limitation percentage in effect on
6January 1, 1979, previous to the incurring of such
7indebtedness.
8    No partial elementary unit district, as defined in Article
911E of this Code, shall become indebted in any manner or for
10any purpose in an amount, including existing indebtedness, in
11the aggregate exceeding 6.9% of the value of the taxable
12property of the entire district, to be ascertained by the last
13assessment for State and county taxes, plus an amount,
14including existing indebtedness, in the aggregate exceeding
156.9% of the value of the taxable property of that portion of
16the district included in the elementary and high school
17classification, to be ascertained by the last assessment for
18State and county taxes. Moreover, no partial elementary unit
19district, as defined in Article 11E of this Code, shall become
20indebted on account of bonds issued by the district for high
21school purposes in the aggregate exceeding 6.9% of the value
22of the taxable property of the entire district, to be
23ascertained by the last assessment for State and county taxes,
24nor shall the district become indebted on account of bonds
25issued by the district for elementary purposes in the
26aggregate exceeding 6.9% of the value of the taxable property

 

 

HB2078- 3 -LRB102 12297 CMG 17634 b

1for that portion of the district included in the elementary
2and high school classification, to be ascertained by the last
3assessment for State and county taxes.
4    Notwithstanding the provisions of any other law to the
5contrary, in any case in which the voters of a school district
6have approved a proposition for the issuance of bonds of such
7school district at an election held prior to January 1, 1979,
8and all of the bonds approved at such election have not been
9issued, the debt limitation applicable to such school district
10during the calendar year 1979 shall be computed by multiplying
11the value of taxable property therein, including personal
12property, as ascertained by the last assessment for State and
13county taxes, previous to the incurring of such indebtedness,
14by the percentage limitation applicable to such school
15district under the provisions of this subsection (a).
16    (a-5) After January 1, 2018, no school district may issue
17bonds under Sections 19-2 through 19-7 of this Code and rely on
18an exception to the debt limitations in this Section unless it
19has complied with the requirements of Section 21 of the Bond
20Issue Notification Act and the bonds have been approved by
21referendum.
22    (b) Notwithstanding the debt limitation prescribed in
23subsection (a) of this Section, additional indebtedness may be
24incurred in an amount not to exceed the estimated cost of
25acquiring or improving school sites or constructing and
26equipping additional building facilities under the following

 

 

HB2078- 4 -LRB102 12297 CMG 17634 b

1conditions:
2        (1) Whenever the enrollment of students for the next
3    school year is estimated by the board of education to
4    increase over the actual present enrollment by not less
5    than 35% or by not less than 200 students or the actual
6    present enrollment of students has increased over the
7    previous school year by not less than 35% or by not less
8    than 200 students and the board of education determines
9    that additional school sites or building facilities are
10    required as a result of such increase in enrollment; and
11        (2) When the Regional Superintendent of Schools having
12    jurisdiction over the school district and the State
13    Superintendent of Education concur in such enrollment
14    projection or increase and approve the need for such
15    additional school sites or building facilities and the
16    estimated cost thereof; and
17        (3) When the voters in the school district approve a
18    proposition for the issuance of bonds for the purpose of
19    acquiring or improving such needed school sites or
20    constructing and equipping such needed additional building
21    facilities at an election called and held for that
22    purpose. Notice of such an election shall state that the
23    amount of indebtedness proposed to be incurred would
24    exceed the debt limitation otherwise applicable to the
25    school district. The ballot for such proposition shall
26    state what percentage of the equalized assessed valuation

 

 

HB2078- 5 -LRB102 12297 CMG 17634 b

1    will be outstanding in bonds if the proposed issuance of
2    bonds is approved by the voters; or
3        (4) Notwithstanding the provisions of paragraphs (1)
4    through (3) of this subsection (b), if the school board
5    determines that additional facilities are needed to
6    provide a quality educational program and not less than
7    2/3 of those voting in an election called by the school
8    board on the question approve the issuance of bonds for
9    the construction of such facilities, the school district
10    may issue bonds for this purpose; or
11        (5) Notwithstanding the provisions of paragraphs (1)
12    through (3) of this subsection (b), if (i) the school
13    district has previously availed itself of the provisions
14    of paragraph (4) of this subsection (b) to enable it to
15    issue bonds, (ii) the voters of the school district have
16    not defeated a proposition for the issuance of bonds since
17    the referendum described in paragraph (4) of this
18    subsection (b) was held, (iii) the school board determines
19    that additional facilities are needed to provide a quality
20    educational program, and (iv) a majority of those voting
21    in an election called by the school board on the question
22    approve the issuance of bonds for the construction of such
23    facilities, the school district may issue bonds for this
24    purpose.
25    In no event shall the indebtedness incurred pursuant to
26this subsection (b) and the existing indebtedness of the

 

 

HB2078- 6 -LRB102 12297 CMG 17634 b

1school district exceed 15% of the value of the taxable
2property therein to be ascertained by the last assessment for
3State and county taxes, previous to the incurring of such
4indebtedness or, until January 1, 1983, if greater, the sum
5that is produced by multiplying the school district's 1978
6equalized assessed valuation by the debt limitation percentage
7in effect on January 1, 1979.
8    The indebtedness provided for by this subsection (b) shall
9be in addition to and in excess of any other debt limitation.
10    (c) Notwithstanding the debt limitation prescribed in
11subsection (a) of this Section, in any case in which a public
12question for the issuance of bonds of a proposed school
13district maintaining grades kindergarten through 12 received
14at least 60% of the valid ballots cast on the question at an
15election held on or prior to November 8, 1994, and in which the
16bonds approved at such election have not been issued, the
17school district pursuant to the requirements of Section 11A-10
18(now repealed) may issue the total amount of bonds approved at
19such election for the purpose stated in the question.
20    (d) Notwithstanding the debt limitation prescribed in
21subsection (a) of this Section, a school district that meets
22all the criteria set forth in paragraphs (1) and (2) of this
23subsection (d) may incur an additional indebtedness in an
24amount not to exceed $4,500,000, even though the amount of the
25additional indebtedness authorized by this subsection (d),
26when incurred and added to the aggregate amount of

 

 

HB2078- 7 -LRB102 12297 CMG 17634 b

1indebtedness of the district existing immediately prior to the
2district incurring the additional indebtedness authorized by
3this subsection (d), causes the aggregate indebtedness of the
4district to exceed the debt limitation otherwise applicable to
5that district under subsection (a):
6        (1) The additional indebtedness authorized by this
7    subsection (d) is incurred by the school district through
8    the issuance of bonds under and in accordance with Section
9    17-2.11a for the purpose of replacing a school building
10    which, because of mine subsidence damage, has been closed
11    as provided in paragraph (2) of this subsection (d) or
12    through the issuance of bonds under and in accordance with
13    Section 19-3 for the purpose of increasing the size of, or
14    providing for additional functions in, such replacement
15    school buildings, or both such purposes.
16        (2) The bonds issued by the school district as
17    provided in paragraph (1) above are issued for the
18    purposes of construction by the school district of a new
19    school building pursuant to Section 17-2.11, to replace an
20    existing school building that, because of mine subsidence
21    damage, is closed as of the end of the 1992-93 school year
22    pursuant to action of the regional superintendent of
23    schools of the educational service region in which the
24    district is located under Section 3-14.22 or are issued
25    for the purpose of increasing the size of, or providing
26    for additional functions in, the new school building being

 

 

HB2078- 8 -LRB102 12297 CMG 17634 b

1    constructed to replace a school building closed as the
2    result of mine subsidence damage, or both such purposes.
3    (e) (Blank).
4    (f) Notwithstanding the provisions of subsection (a) of
5this Section or of any other law, bonds in not to exceed the
6aggregate amount of $5,500,000 and issued by a school district
7meeting the following criteria shall not be considered
8indebtedness for purposes of any statutory limitation and may
9be issued in an amount or amounts, including existing
10indebtedness, in excess of any heretofore or hereafter imposed
11statutory limitation as to indebtedness:
12        (1) At the time of the sale of such bonds, the board of
13    education of the district shall have determined by
14    resolution that the enrollment of students in the district
15    is projected to increase by not less than 7% during each of
16    the next succeeding 2 school years.
17        (2) The board of education shall also determine by
18    resolution that the improvements to be financed with the
19    proceeds of the bonds are needed because of the projected
20    enrollment increases.
21        (3) The board of education shall also determine by
22    resolution that the projected increases in enrollment are
23    the result of improvements made or expected to be made to
24    passenger rail facilities located in the school district.
25    Notwithstanding the provisions of subsection (a) of this
26Section or of any other law, a school district that has availed

 

 

HB2078- 9 -LRB102 12297 CMG 17634 b

1itself of the provisions of this subsection (f) prior to July
222, 2004 (the effective date of Public Act 93-799) may also
3issue bonds approved by referendum up to an amount, including
4existing indebtedness, not exceeding 25% of the equalized
5assessed value of the taxable property in the district if all
6of the conditions set forth in items (1), (2), and (3) of this
7subsection (f) are met.
8    (g) Notwithstanding the provisions of subsection (a) of
9this Section or any other law, bonds in not to exceed an
10aggregate amount of 25% of the equalized assessed value of the
11taxable property of a school district and issued by a school
12district meeting the criteria in paragraphs (i) through (iv)
13of this subsection shall not be considered indebtedness for
14purposes of any statutory limitation and may be issued
15pursuant to resolution of the school board in an amount or
16amounts, including existing indebtedness, in excess of any
17statutory limitation of indebtedness heretofore or hereafter
18imposed:
19        (i) The bonds are issued for the purpose of
20    constructing a new high school building to replace two
21    adjacent existing buildings which together house a single
22    high school, each of which is more than 65 years old, and
23    which together are located on more than 10 acres and less
24    than 11 acres of property.
25        (ii) At the time the resolution authorizing the
26    issuance of the bonds is adopted, the cost of constructing

 

 

HB2078- 10 -LRB102 12297 CMG 17634 b

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

 

 

HB2078- 11 -LRB102 12297 CMG 17634 b

1        (iv) The bonds are issued pursuant to Sections 19-2
2    through 19-7 of this Code.
3    (i) Notwithstanding any other provisions of this Section
4or the provisions of any other law, until January 1, 1998, a
5community unit school district maintaining grades K through 12
6may issue bonds up to an amount, including existing
7indebtedness, not exceeding 27% of the equalized assessed
8value of the taxable property in the district, if all of the
9following conditions are met:
10        (i) The school district has an equalized assessed
11    valuation for calendar year 1995 of less than $44,600,000;
12        (ii) The bonds are issued for the capital improvement,
13    renovation, rehabilitation, or replacement of existing
14    school buildings of the district, all of which existing
15    buildings were originally constructed not less than 80
16    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    December 31, 1996; and
20        (iv) The bonds are issued pursuant to Sections 19-2
21    through 19-7 of this Code.
22    (j) Notwithstanding any other provisions of this Section
23or the provisions of any other law, until January 1, 1999, a
24community unit school district maintaining grades K through 12
25may issue bonds up to an amount, including existing
26indebtedness, not exceeding 27% of the equalized assessed

 

 

HB2078- 12 -LRB102 12297 CMG 17634 b

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

 

 

HB2078- 13 -LRB102 12297 CMG 17634 b

1amount of indebtedness of the school district existing
2immediately prior to the school district incurring such
3additional indebtedness, causes the aggregate indebtedness of
4the school district to exceed or increases the amount by which
5the aggregate indebtedness of the district already exceeds the
6debt limitation otherwise applicable to that school district
7under subsection (a):
8        (1) the school district is located in 2 counties, and
9    a referendum to authorize the additional indebtedness was
10    approved by a majority of the voters of the school
11    district voting on the proposition to authorize that
12    indebtedness;
13        (2) the additional indebtedness is for the purpose of
14    financing a multi-purpose room addition to the existing
15    high school;
16        (3) the additional indebtedness, together with the
17    existing indebtedness of the school district, shall not
18    exceed 17.4% of the value of the taxable property in the
19    school district, to be ascertained by the last assessment
20    for State and county taxes; and
21        (4) the bonds evidencing the additional indebtedness
22    are issued, if at all, within 120 days of August 14, 1998
23    (the effective date of Public Act 90-757).
24    (l) Notwithstanding any other provisions of this Section
25or the provisions of any other law, until January 1, 2000, a
26school district maintaining grades kindergarten through 8 may

 

 

HB2078- 14 -LRB102 12297 CMG 17634 b

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

 

 

HB2078- 15 -LRB102 12297 CMG 17634 b

1    attendance centers of 2 separate and distinct school
2    districts;
3        (iii) The bonds are issued for the construction of a
4    new elementary school building to replace an existing
5    multi-level elementary school building of the school
6    district that is not accessible at all levels and parts of
7    which were constructed more than 75 years ago;
8        (iv) The voters of the school district approve a
9    proposition for the issuance of the bonds at a referendum
10    held after July 1, 1998; and
11        (v) The bonds are issued pursuant to Sections 19-2
12    through 19-7 of this Code.
13    (n) Notwithstanding the debt limitation prescribed in
14subsection (a) of this Section or any other provisions of this
15Section or of any other law, a school district that meets all
16of the criteria set forth in paragraphs (i) through (vi) of
17this subsection (n) may incur additional indebtedness by the
18issuance of bonds in an amount not exceeding the amount
19certified by the Capital Development Board to the school
20district as provided in paragraph (iii) of this subsection
21(n), even though the amount of the additional indebtedness so
22authorized, when incurred and added to the aggregate amount of
23indebtedness of the district existing immediately prior to the
24district incurring the additional indebtedness authorized by
25this subsection (n), causes the aggregate indebtedness of the
26district to exceed the debt limitation otherwise applicable by

 

 

HB2078- 16 -LRB102 12297 CMG 17634 b

1law to that district:
2        (i) The school district applies to the State Board of
3    Education for a school construction project grant and
4    submits a district facilities plan in support of its
5    application pursuant to Section 5-20 of the School
6    Construction Law.
7        (ii) The school district's application and facilities
8    plan are approved by, and the district receives a grant
9    entitlement for a school construction project issued by,
10    the State Board of Education under the School Construction
11    Law.
12        (iii) The school district has exhausted its bonding
13    capacity or the unused bonding capacity of the district is
14    less than the amount certified by the Capital Development
15    Board to the district under Section 5-15 of the School
16    Construction Law as the dollar amount of the school
17    construction project's cost that the district will be
18    required to finance with non-grant funds in order to
19    receive a school construction project grant under the
20    School Construction Law.
21        (iv) The bonds are issued for a "school construction
22    project", as that term is defined in Section 5-5 of the
23    School Construction Law, in an amount that does not exceed
24    the dollar amount certified, as provided in paragraph
25    (iii) of this subsection (n), by the Capital Development
26    Board to the school district under Section 5-15 of the

 

 

HB2078- 17 -LRB102 12297 CMG 17634 b

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

 

 

HB2078- 18 -LRB102 12297 CMG 17634 b

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

 

 

HB2078- 19 -LRB102 12297 CMG 17634 b

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

 

 

HB2078- 20 -LRB102 12297 CMG 17634 b

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

 

 

HB2078- 21 -LRB102 12297 CMG 17634 b

1    district.
2        (vi) The bonds are issued prior to January 1, 2007,
3    pursuant to Sections 19-2 through 19-7 of this Code.
4    (p-15) In addition to all other authority to issue bonds,
5the Oswego Community Unit School District Number 308 may issue
6bonds with an aggregate principal amount not to exceed
7$450,000,000, but only if all of the following conditions are
8met:
9        (i) The voters of the district have approved a
10    proposition for the bond issue at the general election
11    held on November 7, 2006.
12        (ii) At the time of the sale of the bonds, the school
13    board determines, by resolution, that: (A) the building
14    and equipping of the new high school building, new junior
15    high school buildings, new elementary school buildings,
16    early childhood building, maintenance building,
17    transportation facility, and additions to existing school
18    buildings, the altering, repairing, equipping, and
19    provision of technology improvements to existing school
20    buildings, and the acquisition and improvement of school
21    sites, as the case may be, are required as a result of a
22    projected increase in the enrollment of students in the
23    district; and (B) the sale of bonds for these purposes is
24    authorized by legislation that exempts the debt incurred
25    on the bonds from the district's statutory debt
26    limitation.

 

 

HB2078- 22 -LRB102 12297 CMG 17634 b

1        (iii) The bonds are issued, in one or more bond
2    issues, on or before November 7, 2011, but the aggregate
3    principal amount issued in all such bond issues combined
4    must not exceed $450,000,000.
5        (iv) The bonds are issued in accordance with this
6    Article 19.
7        (v) The proceeds of the bonds are used only to
8    accomplish those projects approved by the voters at the
9    general election held on November 7, 2006.
10The debt incurred on any bonds issued under this subsection
11(p-15) shall not be considered indebtedness for purposes of
12any statutory debt limitation.
13    (p-20) In addition to all other authority to issue bonds,
14the Lincoln-Way Community High School District Number 210 may
15issue bonds with an aggregate principal amount not to exceed
16$225,000,000, but only if all of the following conditions are
17met:
18        (i) The voters of the district have approved a
19    proposition for the bond issue at the general primary
20    election held on March 21, 2006.
21        (ii) At the time of the sale of the bonds, the school
22    board determines, by resolution, that: (A) the building
23    and equipping of the new high school buildings, the
24    altering, repairing, and equipping of existing school
25    buildings, and the improvement of school sites, as the
26    case may be, are required as a result of a projected

 

 

HB2078- 23 -LRB102 12297 CMG 17634 b

1    increase in the enrollment of students in the district;
2    and (B) the sale of bonds for these purposes is authorized
3    by legislation that exempts the debt incurred on the bonds
4    from the district's statutory debt limitation.
5        (iii) The bonds are issued, in one or more bond
6    issues, on or before March 21, 2011, but the aggregate
7    principal amount issued in all such bond issues combined
8    must not exceed $225,000,000.
9        (iv) The bonds are issued in accordance with this
10    Article 19.
11        (v) The proceeds of the bonds are used only to
12    accomplish those projects approved by the voters at the
13    primary election held on March 21, 2006.
14The debt incurred on any bonds issued under this subsection
15(p-20) shall not be considered indebtedness for purposes of
16any statutory debt limitation.
17    (p-25) In addition to all other authority to issue bonds,
18Rochester Community Unit School District 3A may issue bonds
19with an aggregate principal amount not to exceed $18,500,000,
20but only if all of the following conditions are met:
21        (i) The voters of the district approve a proposition
22    for the bond issuance at the general primary election held
23    in 2008.
24        (ii) At the time of the sale of the bonds, the school
25    board determines, by resolution, that: (A) the building
26    and equipping of a new high school building; the addition

 

 

HB2078- 24 -LRB102 12297 CMG 17634 b

1    of classrooms and support facilities at the high school,
2    middle school, and elementary school; the altering,
3    repairing, and equipping of existing school buildings; and
4    the improvement of school sites, as the case may be, are
5    required as a result of a projected increase in the
6    enrollment of students in the district; and (B) the sale
7    of bonds for these purposes is authorized by a law that
8    exempts the debt incurred on the bonds from the district's
9    statutory debt limitation.
10        (iii) The bonds are issued, in one or more bond
11    issues, on or before December 31, 2012, but the aggregate
12    principal amount issued in all such bond issues combined
13    must not exceed $18,500,000.
14        (iv) The bonds are issued in accordance with this
15    Article 19.
16        (v) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at the primary
18    election held in 2008.
19The debt incurred on any bonds issued under this subsection
20(p-25) shall not be considered indebtedness for purposes of
21any statutory debt limitation.
22    (p-30) In addition to all other authority to issue bonds,
23Prairie Grove Consolidated School District 46 may issue bonds
24with an aggregate principal amount not to exceed $30,000,000,
25but only if all of the following conditions are met:
26        (i) The voters of the district approve a proposition

 

 

HB2078- 25 -LRB102 12297 CMG 17634 b

1    for the bond issuance at an election held in 2008.
2        (ii) At the time of the sale of the bonds, the school
3    board determines, by resolution, that (A) the building and
4    equipping of a new school building and additions to
5    existing school buildings are required as a result of a
6    projected increase in the enrollment of students in the
7    district and (B) the altering, repairing, and equipping of
8    existing school buildings are required because of the age
9    of the existing school buildings.
10        (iii) The bonds are issued, in one or more bond
11    issuances, on or before December 31, 2012; however, the
12    aggregate principal amount issued in all such bond
13    issuances combined must not exceed $30,000,000.
14        (iv) The bonds are issued in accordance with this
15    Article.
16        (v) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at an election
18    held in 2008.
19The debt incurred on any bonds issued under this subsection
20(p-30) shall not be considered indebtedness for purposes of
21any statutory debt limitation.
22    (p-35) In addition to all other authority to issue bonds,
23Prairie Hill Community Consolidated School District 133 may
24issue bonds with an aggregate principal amount not to exceed
25$13,900,000, but only if all of the following conditions are
26met:

 

 

HB2078- 26 -LRB102 12297 CMG 17634 b

1        (i) The voters of the district approved a proposition
2    for the bond issuance at an election held on April 17,
3    2007.
4        (ii) At the time of the sale of the bonds, the school
5    board determines, by resolution, that (A) the improvement
6    of the site of and the building and equipping of a school
7    building are required as a result of a projected increase
8    in the enrollment of students in the district and (B) the
9    repairing and equipping of the Prairie Hill Elementary
10    School building is required because of the age of that
11    school building.
12        (iii) The bonds are issued, in one or more bond
13    issuances, on or before December 31, 2011, but the
14    aggregate principal amount issued in all such bond
15    issuances combined must not exceed $13,900,000.
16        (iv) The bonds are issued in accordance with this
17    Article.
18        (v) The proceeds of the bonds are used to accomplish
19    only those projects approved by the voters at an election
20    held on April 17, 2007.
21The debt incurred on any bonds issued under this subsection
22(p-35) shall not be considered indebtedness for purposes of
23any statutory debt limitation.
24    (p-40) In addition to all other authority to issue bonds,
25Mascoutah Community Unit District 19 may issue bonds with an
26aggregate principal amount not to exceed $55,000,000, but only

 

 

HB2078- 27 -LRB102 12297 CMG 17634 b

1if all of the following conditions are met:
2        (1) The voters of the district approve a proposition
3    for the bond issuance at a regular election held on or
4    after November 4, 2008.
5        (2) At the time of the sale of the bonds, the school
6    board determines, by resolution, that (i) the building and
7    equipping of a new high school building is required as a
8    result of a projected increase in the enrollment of
9    students in the district and the age and condition of the
10    existing high school building, (ii) the existing high
11    school building will be demolished, and (iii) the sale of
12    bonds is authorized by statute that exempts the debt
13    incurred on the bonds from the district's statutory debt
14    limitation.
15        (3) The bonds are issued, in one or more bond
16    issuances, on or before December 31, 2011, but the
17    aggregate principal amount issued in all such bond
18    issuances combined must not exceed $55,000,000.
19        (4) The bonds are issued in accordance with this
20    Article.
21        (5) The proceeds of the bonds are used to accomplish
22    only those projects approved by the voters at a regular
23    election held on or after November 4, 2008.
24    The debt incurred on any bonds issued under this
25subsection (p-40) shall not be considered indebtedness for
26purposes of any statutory debt limitation.

 

 

HB2078- 28 -LRB102 12297 CMG 17634 b

1    (p-45) Notwithstanding the provisions of subsection (a) of
2this Section or of any other law, bonds issued pursuant to
3Section 19-3.5 of this Code shall not be considered
4indebtedness for purposes of any statutory limitation if the
5bonds are issued in an amount or amounts, including existing
6indebtedness of the school district, not in excess of 18.5% of
7the value of the taxable property in the district to be
8ascertained by the last assessment for State and county taxes.
9    (p-50) Notwithstanding the provisions of subsection (a) of
10this Section or of any other law, bonds issued pursuant to
11Section 19-3.10 of this Code shall not be considered
12indebtedness for purposes of any statutory limitation if the
13bonds are issued in an amount or amounts, including existing
14indebtedness of the school district, not in excess of 43% of
15the value of the taxable property in the district to be
16ascertained by the last assessment for State and county taxes.
17    (p-55) In addition to all other authority to issue bonds,
18Belle Valley School District 119 may issue bonds with an
19aggregate principal amount not to exceed $47,500,000, but only
20if all of the following conditions are met:
21        (1) The voters of the district approve a proposition
22    for the bond issuance at an election held on or after April
23    7, 2009.
24        (2) Prior to the issuance of the bonds, the school
25    board determines, by resolution, that (i) the building and
26    equipping of a new school building is required as a result

 

 

HB2078- 29 -LRB102 12297 CMG 17634 b

1    of mine subsidence in an existing school building and
2    because of the age and condition of another existing
3    school building and (ii) the issuance of bonds is
4    authorized by statute that exempts the debt incurred on
5    the bonds from the district's statutory debt limitation.
6        (3) The bonds are issued, in one or more bond
7    issuances, on or before March 31, 2014, but the aggregate
8    principal amount issued in all such bond issuances
9    combined must not exceed $47,500,000.
10        (4) The bonds are issued in accordance with this
11    Article.
12        (5) The proceeds of the bonds are used to accomplish
13    only those projects approved by the voters at an election
14    held on or after April 7, 2009.
15    The debt incurred on any bonds issued under this
16subsection (p-55) shall not be considered indebtedness for
17purposes of any statutory debt limitation. Bonds issued under
18this subsection (p-55) must mature within not to exceed 30
19years from their date, notwithstanding any other law to the
20contrary.
21    (p-60) In addition to all other authority to issue bonds,
22Wilmington Community Unit School District Number 209-U may
23issue bonds with an aggregate principal amount not to exceed
24$2,285,000, but only if all of the following conditions are
25met:
26        (1) The proceeds of the bonds are used to accomplish

 

 

HB2078- 30 -LRB102 12297 CMG 17634 b

1    only those projects approved by the voters at the general
2    primary election held on March 21, 2006.
3        (2) Prior to the issuance of the bonds, the school
4    board determines, by resolution, that (i) the projects
5    approved by the voters were and are required because of
6    the age and condition of the school district's prior and
7    existing school buildings and (ii) the issuance of the
8    bonds is authorized by legislation that exempts the debt
9    incurred on the bonds from the district's statutory debt
10    limitation.
11        (3) The bonds are issued in one or more bond issuances
12    on or before March 1, 2011, but the aggregate principal
13    amount issued in all those bond issuances combined must
14    not exceed $2,285,000.
15        (4) The bonds are issued in accordance with this
16    Article.
17    The debt incurred on any bonds issued under this
18subsection (p-60) shall not be considered indebtedness for
19purposes of any statutory debt limitation.
20    (p-65) In addition to all other authority to issue bonds,
21West Washington County Community Unit School District 10 may
22issue bonds with an aggregate principal amount not to exceed
23$32,200,000 and maturing over a period not exceeding 25 years,
24but only if all of the following conditions are met:
25        (1) The voters of the district approve a proposition
26    for the bond issuance at an election held on or after

 

 

HB2078- 31 -LRB102 12297 CMG 17634 b

1    February 2, 2010.
2        (2) Prior to the issuance of the bonds, the school
3    board determines, by resolution, that (A) all or a portion
4    of the existing Okawville Junior/Senior High School
5    Building will be demolished; (B) the building and
6    equipping of a new school building to be attached to and
7    the alteration, repair, and equipping of the remaining
8    portion of the Okawville Junior/Senior High School
9    Building is required because of the age and current
10    condition of that school building; and (C) the issuance of
11    bonds is authorized by a statute that exempts the debt
12    incurred on the bonds from the district's statutory debt
13    limitation.
14        (3) The bonds are issued, in one or more bond
15    issuances, on or before March 31, 2014, but the aggregate
16    principal amount issued in all such bond issuances
17    combined must not exceed $32,200,000.
18        (4) The bonds are issued in accordance with this
19    Article.
20        (5) The proceeds of the bonds are used to accomplish
21    only those projects approved by the voters at an election
22    held on or after February 2, 2010.
23    The debt incurred on any bonds issued under this
24subsection (p-65) shall not be considered indebtedness for
25purposes of any statutory debt limitation.
26    (p-70) In addition to all other authority to issue bonds,

 

 

HB2078- 32 -LRB102 12297 CMG 17634 b

1Cahokia Community Unit School District 187 may issue bonds
2with an aggregate principal amount not to exceed $50,000,000,
3but only if all the following conditions are met:
4        (1) The voters of the district approve a proposition
5    for the bond issuance at an election held on or after
6    November 2, 2010.
7        (2) Prior to the issuance of the bonds, the school
8    board determines, by resolution, that (i) the building and
9    equipping of a new school building is required as a result
10    of the age and condition of an existing school building
11    and (ii) the issuance of bonds is authorized by a statute
12    that exempts the debt incurred on the bonds from the
13    district's statutory debt limitation.
14        (3) The bonds are issued, in one or more issuances, on
15    or before July 1, 2016, but the aggregate principal amount
16    issued in all such bond issuances combined must not exceed
17    $50,000,000.
18        (4) The bonds are issued in accordance with this
19    Article.
20        (5) The proceeds of the bonds are used to accomplish
21    only those projects approved by the voters at an election
22    held on or after November 2, 2010.
23    The debt incurred on any bonds issued under this
24subsection (p-70) shall not be considered indebtedness for
25purposes of any statutory debt limitation. Bonds issued under
26this subsection (p-70) must mature within not to exceed 25

 

 

HB2078- 33 -LRB102 12297 CMG 17634 b

1years from their date, notwithstanding any other law,
2including Section 19-3 of this Code, to the contrary.
3    (p-75) Notwithstanding the debt limitation prescribed in
4subsection (a) of this Section or any other provisions of this
5Section or of any other law, the execution of leases on or
6after January 1, 2007 and before July 1, 2011 by the Board of
7Education of Peoria School District 150 with a public building
8commission for leases entered into pursuant to the Public
9Building Commission Act shall not be considered indebtedness
10for purposes of any statutory debt limitation.
11    This subsection (p-75) applies only if the State Board of
12Education or the Capital Development Board makes one or more
13grants to Peoria School District 150 pursuant to the School
14Construction Law. The amount exempted from the debt limitation
15as prescribed in this subsection (p-75) shall be no greater
16than the amount of one or more grants awarded to Peoria School
17District 150 by the State Board of Education or the Capital
18Development Board.
19    (p-80) In addition to all other authority to issue bonds,
20Ridgeland School District 122 may issue bonds with an
21aggregate principal amount not to exceed $50,000,000 for the
22purpose of refunding or continuing to refund bonds originally
23issued pursuant to voter approval at the general election held
24on November 7, 2000, and the debt incurred on any bonds issued
25under this subsection (p-80) shall not be considered
26indebtedness for purposes of any statutory debt limitation.

 

 

HB2078- 34 -LRB102 12297 CMG 17634 b

1Bonds issued under this subsection (p-80) may be issued in one
2or more issuances and must mature within not to exceed 25 years
3from their date, notwithstanding any other law, including
4Section 19-3 of this Code, to the contrary.
5    (p-85) In addition to all other authority to issue bonds,
6Hall High School District 502 may issue bonds with an
7aggregate principal amount not to exceed $32,000,000, but only
8if all the following conditions are met:
9        (1) The voters of the district approve a proposition
10    for the bond issuance at an election held on or after April
11    9, 2013.
12        (2) Prior to the issuance of the bonds, the school
13    board determines, by resolution, that (i) the building and
14    equipping of a new school building is required as a result
15    of the age and condition of an existing school building,
16    (ii) the existing school building should be demolished in
17    its entirety or the existing school building should be
18    demolished except for the 1914 west wing of the building,
19    and (iii) the issuance of bonds is authorized by a statute
20    that exempts the debt incurred on the bonds from the
21    district's statutory debt limitation.
22        (3) The bonds are issued, in one or more issuances,
23    not later than 5 years after the date of the referendum
24    approving the issuance of the bonds, but the aggregate
25    principal amount issued in all such bond issuances
26    combined must not exceed $32,000,000.

 

 

HB2078- 35 -LRB102 12297 CMG 17634 b

1        (4) The bonds are issued in accordance with this
2    Article.
3        (5) The proceeds of the bonds are used to accomplish
4    only those projects approved by the voters at an election
5    held on or after April 9, 2013.
6    The debt incurred on any bonds issued under this
7subsection (p-85) shall not be considered indebtedness for
8purposes of any statutory debt limitation. Bonds issued under
9this subsection (p-85) must mature within not to exceed 30
10years from their date, notwithstanding any other law,
11including Section 19-3 of this Code, to the contrary.
12    (p-90) In addition to all other authority to issue bonds,
13Lebanon Community Unit School District 9 may issue bonds with
14an aggregate principal amount not to exceed $7,500,000, but
15only if all of the following conditions are met:
16        (1) The voters of the district approved a proposition
17    for the bond issuance at the general primary election on
18    February 2, 2010.
19        (2) At or prior to the time of the sale of the bonds,
20    the school board determines, by resolution, that (i) the
21    building and equipping of a new elementary school building
22    is required as a result of a projected increase in the
23    enrollment of students in the district and the age and
24    condition of the existing Lebanon Elementary School
25    building, (ii) a portion of the existing Lebanon
26    Elementary School building will be demolished and the

 

 

HB2078- 36 -LRB102 12297 CMG 17634 b

1    remaining portion will be altered, repaired, and equipped,
2    and (iii) the sale of bonds is authorized by a statute that
3    exempts the debt incurred on the bonds from the district's
4    statutory debt limitation.
5        (3) The bonds are issued, in one or more bond
6    issuances, on or before April 1, 2014, but the aggregate
7    principal amount issued in all such bond issuances
8    combined must not exceed $7,500,000.
9        (4) The bonds are issued in accordance with this
10    Article.
11        (5) The proceeds of the bonds are used to accomplish
12    only those projects approved by the voters at the general
13    primary election held on February 2, 2010.
14    The debt incurred on any bonds issued under this
15subsection (p-90) shall not be considered indebtedness for
16purposes of any statutory debt limitation.
17    (p-95) In addition to all other authority to issue bonds,
18Monticello Community Unit School District 25 may issue bonds
19with an aggregate principal amount not to exceed $35,000,000,
20but only if all of the following conditions are met:
21        (1) The voters of the district approve a proposition
22    for the bond issuance at an election held on or after
23    November 4, 2014.
24        (2) Prior to the issuance of the bonds, the school
25    board determines, by resolution, that (i) the building and
26    equipping of a new school building is required as a result

 

 

HB2078- 37 -LRB102 12297 CMG 17634 b

1    of the age and condition of an existing school building
2    and (ii) the issuance of bonds is authorized by a statute
3    that exempts the debt incurred on the bonds from the
4    district's statutory debt limitation.
5        (3) The bonds are issued, in one or more issuances, on
6    or before July 1, 2020, but the aggregate principal amount
7    issued in all such bond issuances combined must not exceed
8    $35,000,000.
9        (4) The bonds are issued in accordance with this
10    Article.
11        (5) The proceeds of the bonds are used to accomplish
12    only those projects approved by the voters at an election
13    held on or after November 4, 2014.
14    The debt incurred on any bonds issued under this
15subsection (p-95) shall not be considered indebtedness for
16purposes of any statutory debt limitation. Bonds issued under
17this subsection (p-95) must mature within not to exceed 25
18years from their date, notwithstanding any other law,
19including Section 19-3 of this Code, to the contrary.
20    (p-100) In addition to all other authority to issue bonds,
21the community unit school district created in the territory
22comprising Milford Community Consolidated School District 280
23and Milford Township High School District 233, as approved at
24the general primary election held on March 18, 2014, may issue
25bonds with an aggregate principal amount not to exceed
26$17,500,000, but only if all the following conditions are met:

 

 

HB2078- 38 -LRB102 12297 CMG 17634 b

1        (1) The voters of the district approve a proposition
2    for the bond issuance at an election held on or after
3    November 4, 2014.
4        (2) Prior to the issuance of the bonds, the school
5    board determines, by resolution, that (i) the building and
6    equipping of a new school building is required as a result
7    of the age and condition of an existing school building
8    and (ii) the issuance of bonds is authorized by a statute
9    that exempts the debt incurred on the bonds from the
10    district's statutory debt limitation.
11        (3) The bonds are issued, in one or more issuances, on
12    or before July 1, 2020, but the aggregate principal amount
13    issued in all such bond issuances combined must not exceed
14    $17,500,000.
15        (4) The bonds are issued in accordance with this
16    Article.
17        (5) The proceeds of the bonds are used to accomplish
18    only those projects approved by the voters at an election
19    held on or after November 4, 2014.
20    The debt incurred on any bonds issued under this
21subsection (p-100) shall not be considered indebtedness for
22purposes of any statutory debt limitation. Bonds issued under
23this subsection (p-100) must mature within not to exceed 25
24years from their date, notwithstanding any other law,
25including Section 19-3 of this Code, to the contrary.
26    (p-105) In addition to all other authority to issue bonds,

 

 

HB2078- 39 -LRB102 12297 CMG 17634 b

1North Shore School District 112 may issue bonds with an
2aggregate principal amount not to exceed $150,000,000, but
3only if all of the following conditions are met:
4        (1) The voters of the district approve a proposition
5    for the bond issuance at an election held on or after March
6    15, 2016.
7        (2) Prior to the issuance of the bonds, the school
8    board determines, by resolution, that (i) the building and
9    equipping of new buildings and improving the sites thereof
10    and the building and equipping of additions to, altering,
11    repairing, equipping, and renovating existing buildings
12    and improving the sites thereof are required as a result
13    of the age and condition of the district's existing
14    buildings and (ii) the issuance of bonds is authorized by
15    a statute that exempts the debt incurred on the bonds from
16    the district's statutory debt limitation.
17        (3) The bonds are issued, in one or more issuances,
18    not later than 5 years after the date of the referendum
19    approving the issuance of the bonds, but the aggregate
20    principal amount issued in all such bond issuances
21    combined must not exceed $150,000,000.
22        (4) The bonds are issued in accordance with this
23    Article.
24        (5) The proceeds of the bonds are used to accomplish
25    only those projects approved by the voters at an election
26    held on or after March 15, 2016.

 

 

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1    The debt incurred on any bonds issued under this
2subsection (p-105) and on any bonds issued to refund or
3continue to refund such bonds shall not be considered
4indebtedness for purposes of any statutory debt limitation.
5Bonds issued under this subsection (p-105) and any bonds
6issued to refund or continue to refund such bonds must mature
7within not to exceed 30 years from their date, notwithstanding
8any other law, including Section 19-3 of this Code, to the
9contrary.
10    (p-110) In addition to all other authority to issue bonds,
11Sandoval Community Unit School District 501 may issue bonds
12with an aggregate principal amount not to exceed $2,000,000,
13but only if all of the following conditions are met:
14        (1) The voters of the district approved a proposition
15    for the bond issuance at an election held on March 20,
16    2012.
17        (2) Prior to the issuance of the bonds, the school
18    board determines, by resolution, that (i) the building and
19    equipping of a new school building is required because of
20    the age and current condition of the Sandoval Elementary
21    School building and (ii) the issuance of bonds is
22    authorized by a statute that exempts the debt incurred on
23    the bonds from the district's statutory debt limitation.
24        (3) The bonds are issued, in one or more bond
25    issuances, on or before March 19, 2022, but the aggregate
26    principal amount issued in all such bond issuances

 

 

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1    combined must not exceed $2,000,000.
2        (4) The bonds are issued in accordance with this
3    Article.
4        (5) The proceeds of the bonds are used to accomplish
5    only those projects approved by the voters at the election
6    held on March 20, 2012.
7    The debt incurred on any bonds issued under this
8subsection (p-110) and on any bonds issued to refund or
9continue to refund the bonds shall not be considered
10indebtedness for purposes of any statutory debt limitation.
11    (p-115) In addition to all other authority to issue bonds,
12Bureau Valley Community Unit School District 340 may issue
13bonds with an aggregate principal amount not to exceed
14$25,000,000, but only if all of the following conditions are
15met:
16        (1) The voters of the district approve a proposition
17    for the bond issuance at an election held on or after March
18    15, 2016.
19        (2) Prior to the issuances of the bonds, the school
20    board determines, by resolution, that (i) the renovating
21    and equipping of some existing school buildings, the
22    building and equipping of new school buildings, and the
23    demolishing of some existing school buildings are required
24    as a result of the age and condition of existing school
25    buildings and (ii) the issuance of bonds is authorized by
26    a statute that exempts the debt incurred on the bonds from

 

 

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1    the district's statutory debt limitation.
2        (3) The bonds are issued, in one or more issuances, on
3    or before July 1, 2021, but the aggregate principal amount
4    issued in all such bond issuances combined must not exceed
5    $25,000,000.
6        (4) The bonds are issued in accordance with this
7    Article.
8        (5) The proceeds of the bonds are used to accomplish
9    only those projects approved by the voters at an election
10    held on or after March 15, 2016.
11    The debt incurred on any bonds issued under this
12subsection (p-115) shall not be considered indebtedness for
13purposes of any statutory debt limitation. Bonds issued under
14this subsection (p-115) must mature within not to exceed 30
15years from their date, notwithstanding any other law,
16including Section 19-3 of this Code, to the contrary.
17    (p-120) In addition to all other authority to issue bonds,
18Paxton-Buckley-Loda Community Unit School District 10 may
19issue bonds with an aggregate principal amount not to exceed
20$28,500,000, but only if all the following conditions are met:
21        (1) The voters of the district approve a proposition
22    for the bond issuance at an election held on or after
23    November 8, 2016.
24        (2) Prior to the issuance of the bonds, the school
25    board determines, by resolution, that (i) the projects as
26    described in said proposition, relating to the building

 

 

HB2078- 43 -LRB102 12297 CMG 17634 b

1    and equipping of one or more school buildings or additions
2    to existing school buildings, are required as a result of
3    the age and condition of the District's existing buildings
4    and (ii) the issuance of bonds is authorized by a statute
5    that exempts the debt incurred on the bonds from the
6    district's statutory debt limitation.
7        (3) The bonds are issued, in one or more issuances,
8    not later than 5 years after the date of the referendum
9    approving the issuance of the bonds, but the aggregate
10    principal amount issued in all such bond issuances
11    combined must not exceed $28,500,000.
12        (4) The bonds are issued in accordance with this
13    Article.
14        (5) The proceeds of the bonds are used to accomplish
15    only those projects approved by the voters at an election
16    held on or after November 8, 2016.
17    The debt incurred on any bonds issued under this
18subsection (p-120) and on any bonds issued to refund or
19continue to refund such bonds shall not be considered
20indebtedness for purposes of any statutory debt limitation.
21Bonds issued under this subsection (p-120) and any bonds
22issued to refund or continue to refund such bonds must mature
23within not to exceed 25 years from their date, notwithstanding
24any other law, including Section 19-3 of this Code, to the
25contrary.
26    (p-125) In addition to all other authority to issue bonds,

 

 

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1Hillsboro Community Unit School District 3 may issue bonds
2with an aggregate principal amount not to exceed $34,500,000,
3but only if all the following conditions are met:
4        (1) The voters of the district approve a proposition
5    for the bond issuance at an election held on or after March
6    15, 2016.
7        (2) Prior to the issuance of the bonds, the school
8    board determines, by resolution, that (i) altering,
9    repairing, and equipping the high school
10    agricultural/vocational building, demolishing the high
11    school main, cafeteria, and gym buildings, building and
12    equipping a school building, and improving sites are
13    required as a result of the age and condition of the
14    district's existing buildings and (ii) the issuance of
15    bonds is authorized by a statute that exempts the debt
16    incurred on the bonds from the district's statutory debt
17    limitation.
18        (3) The bonds are issued, in one or more issuances,
19    not later than 5 years after the date of the referendum
20    approving the issuance of the bonds, but the aggregate
21    principal amount issued in all such bond issuances
22    combined must not exceed $34,500,000.
23        (4) The bonds are issued in accordance with this
24    Article.
25        (5) The proceeds of the bonds are used to accomplish
26    only those projects approved by the voters at an election

 

 

HB2078- 45 -LRB102 12297 CMG 17634 b

1    held on or after March 15, 2016.
2    The debt incurred on any bonds issued under this
3subsection (p-125) and on any bonds issued to refund or
4continue to refund such bonds shall not be considered
5indebtedness for purposes of any statutory debt limitation.
6Bonds issued under this subsection (p-125) and any bonds
7issued to refund or continue to refund such bonds must mature
8within not to exceed 25 years from their date, notwithstanding
9any other law, including Section 19-3 of this Code, to the
10contrary.
11    (p-130) In addition to all other authority to issue bonds,
12Waltham Community Consolidated School District 185 may incur
13indebtedness in an aggregate principal amount not to exceed
14$9,500,000 to build and equip a new school building and
15improve the site thereof, but only if all the following
16conditions are met:
17        (1) A majority of the voters of the district voting on
18    an advisory question voted in favor of the question
19    regarding the use of funding sources to build a new school
20    building without increasing property tax rates at the
21    general election held on November 8, 2016.
22        (2) Prior to incurring the debt, the school board
23    enters into intergovernmental agreements with the City of
24    LaSalle to pledge moneys in a special tax allocation fund
25    associated with tax increment financing districts LaSalle
26    I and LaSalle III and with the Village of Utica to pledge

 

 

HB2078- 46 -LRB102 12297 CMG 17634 b

1    moneys in a special tax allocation fund associated with
2    tax increment financing district Utica I for the purposes
3    of repaying the debt issued pursuant to this subsection
4    (p-130). Notwithstanding any other provision of law to the
5    contrary, the intergovernmental agreement may extend these
6    tax increment financing districts as necessary to ensure
7    repayment of the debt.
8        (3) Prior to incurring the debt, the school board
9    determines, by resolution, that (i) the building and
10    equipping of a new school building is required as a result
11    of the age and condition of the district's existing
12    buildings and (ii) the debt is authorized by a statute
13    that exempts the debt from the district's statutory debt
14    limitation.
15        (4) The debt is incurred, in one or more issuances,
16    not later than January 1, 2021, and the aggregate
17    principal amount of debt issued in all such issuances
18    combined must not exceed $9,500,000.
19    The debt incurred under this subsection (p-130) and on any
20bonds issued to pay, refund, or continue to refund such debt
21shall not be considered indebtedness for purposes of any
22statutory debt limitation. Debt issued under this subsection
23(p-130) and any bonds issued to pay, refund, or continue to
24refund such debt must mature within not to exceed 25 years from
25their date, notwithstanding any other law, including Section
2619-11 of this Code and subsection (b) of Section 17 of the

 

 

HB2078- 47 -LRB102 12297 CMG 17634 b

1Local Government Debt Reform Act, to the contrary.
2    (p-133) Notwithstanding the provisions of subsection (a)
3of this Section or of any other law, bonds heretofore or
4hereafter issued by East Prairie School District 73 with an
5aggregate principal amount not to exceed $47,353,147 and
6approved by the voters of the district at the general election
7held on November 8, 2016, and any bonds issued to refund or
8continue to refund the bonds, shall not be considered
9indebtedness for the purposes of any statutory debt limitation
10and may mature within not to exceed 25 years from their date,
11notwithstanding any other law, including Section 19-3 of this
12Code, to the contrary.
13    (p-135) In addition to all other authority to issue bonds,
14Brookfield LaGrange Park School District Number 95 may issue
15bonds with an aggregate principal amount not to exceed
16$20,000,000, but only if all the following conditions are met:
17        (1) The voters of the district approve a proposition
18    for the bond issuance at an election held on or after April
19    4, 2017.
20        (2) Prior to the issuance of the bonds, the school
21    board determines, by resolution, that (i) the additions
22    and renovations to the Brook Park Elementary and S. E.
23    Gross Middle School buildings are required to accommodate
24    enrollment growth, replace outdated facilities, and create
25    spaces consistent with 21st century learning and (ii) the
26    issuance of the bonds is authorized by a statute that

 

 

HB2078- 48 -LRB102 12297 CMG 17634 b

1    exempts the debt incurred on the bonds from the district's
2    statutory debt limitation.
3        (3) The bonds are issued, in one or more issuances,
4    not later than 5 years after the date of the referendum
5    approving the issuance of the bonds, but the aggregate
6    principal amount issued in all such bond issuances
7    combined must not exceed $20,000,000.
8        (4) The bonds are issued in accordance with this
9    Article.
10        (5) The proceeds of the bonds are used to accomplish
11    only those projects approved by the voters at an election
12    held on or after April 4, 2017.
13    The debt incurred on any bonds issued under this
14subsection (p-135) and on any bonds issued to refund or
15continue to refund such bonds shall not be considered
16indebtedness for purposes of any statutory debt limitation.
17    (p-140) The debt incurred on any bonds issued by Wolf
18Branch School District 113 under Section 17-2.11 of this Code
19for the purpose of repairing or replacing all or a portion of a
20school building that has been damaged by mine subsidence in an
21aggregate principal amount not to exceed $17,500,000 and on
22any bonds issued to refund or continue to refund those bonds
23shall not be considered indebtedness for purposes of any
24statutory debt limitation and must mature no later than 25
25years from the date of issuance, notwithstanding any other
26provision of law to the contrary, including Section 19-3 of

 

 

HB2078- 49 -LRB102 12297 CMG 17634 b

1this Code. The maximum allowable amount of debt exempt from
2statutory debt limitations under this subsection (p-140) shall
3be reduced by an amount equal to any grants awarded by the
4State Board of Education or Capital Development Board for the
5explicit purpose of repairing or reconstructing a school
6building damaged by mine subsidence.
7    (p-145) In addition to all other authority to issue bonds,
8Greenview Community Unit School District 200 may issue bonds
9with an aggregate principal amount not to exceed $3,500,000,
10but only if all of the following conditions are met:
11        (1) The voters of the district approve a proposition
12    for the bond issuance at an election held on March 17,
13    2020.
14        (2) Prior to the issuance of the bonds, the school
15    board determines, by resolution, that the bonding is
16    necessary for construction and expansion of the district's
17    kindergarten through grade 12 facility.
18        (3) The bonds are issued, in one or more issuances,
19    not later than 5 years after the date of the referendum
20    approving the issuance of the bonds, but the aggregate
21    principal amount issued in all such bond issuances
22    combined must not exceed $3,500,000.
23        (4) The bonds are issued in accordance with this
24    Article.
25        (5) The proceeds of the bonds are used to accomplish
26    only the projects approved by the voters at an election

 

 

HB2078- 50 -LRB102 12297 CMG 17634 b

1    held on March 17, 2020.
2    The debt incurred on any bonds issued under this
3subsection (p-145) and on any bonds issued to refund or
4continue to refund such bonds shall not be considered
5indebtedness for purposes of any statutory debt limitation.
6Bonds issued under this subsection (p-145) and any bonds
7issued to refund or continue to refund such bonds must mature
8within not to exceed 25 years from their date, notwithstanding
9any other law, including Section 19-3 of this Code, to the
10contrary.
11    (p-150) In addition to all other authority to issue bonds,
12Komarek School District 94 may issue bonds with an aggregate
13principal amount not to exceed $20,800,000, but only if all of
14the following conditions are met:
15        (1) The voters of the district approve a proposition
16    for the bond issuance at an election held on or after March
17    17, 2020.
18        (2) Prior to the issuance of the bonds, the school
19    board determines, by resolution, that (i) building and
20    equipping additions to, altering, repairing, equipping, or
21    demolishing a portion of, or improving the site of the
22    district's existing school building is required as a
23    result of the age and condition of the existing building
24    and (ii) the issuance of the bonds is authorized by a
25    statute that exempts the debt incurred on the bonds from
26    the district's statutory debt limitation.

 

 

HB2078- 51 -LRB102 12297 CMG 17634 b

1        (3) The bonds are issued, in one or more issuances, no
2    later than 5 years after the date of the referendum
3    approving the issuance of the bonds, but the aggregate
4    principal amount issued in all of the bond issuances
5    combined may not exceed $20,800,000.
6        (4) The bonds are issued in accordance with this
7    Article.
8        (5) The proceeds of the bonds are used to accomplish
9    only those projects approved by the voters at an election
10    held on or after March 17, 2020.
11    The debt incurred on any bonds issued under this
12subsection (p-150) and on any bonds issued to refund or
13continue to refund those bonds may not be considered
14indebtedness for purposes of any statutory debt limitation.
15Notwithstanding any other law to the contrary, including
16Section 19-3, bonds issued under this subsection (p-150) and
17any bonds issued to refund or continue to refund those bonds
18must mature within 30 years from their date of issuance.
19    (p-155) In addition to all other authority to issue bonds,
20Williamsville Community Unit School District 15 may issue
21bonds with an aggregate principal amount not to exceed
22$40,000,000, but only if all of the following conditions are
23met:
24        (1) The voters of the school district approve a
25    proposition for the bond issuance at an election held on
26    March 17, 2020.

 

 

HB2078- 52 -LRB102 12297 CMG 17634 b

1        (2) Prior to the issuance of the bonds, the school
2    board determines, by resolution, that the projects set
3    forth in the proposition for the bond issuance were and
4    are required because of the age and condition of the
5    school district's existing school buildings.
6        (3) The bonds are issued, in one or more issuances,
7    not later than 5 years after the date of the referendum
8    approving the issuance of the bonds, but the aggregate
9    principal amount issued in all such bond issuances
10    combined must not exceed $40,000,000.
11        (4) The bonds are issued in accordance with this
12    Article.
13        (5) The proceeds of the bonds are used to accomplish
14    only the projects approved by the voters at an election
15    held on March 17, 2020.
16    The debt incurred on any bonds issued under this
17subsection (p-155) and on any bonds issued to refund or
18continue to refund such bonds shall not be considered
19indebtedness for purposes of any statutory debt limitation.
20Bonds issued under this subsection (p-155) and any bonds
21issued to refund or continue to refund such bonds must mature
22within not to exceed 25 years from their date, notwithstanding
23any other law, including Section 19-3 of this Code, to the
24contrary.
25    (p-160) In addition to all other authority to issue bonds,
26Berkeley School District 87 may issue bonds with an aggregate

 

 

HB2078- 53 -LRB102 12297 CMG 17634 b

1principal amount not to exceed $105,000,000, but only if all
2of the following conditions are met:
3        (1) The voters of the district approve a proposition
4    for the bond issuance at the general primary election held
5    on March 17, 2020.
6        (2) Prior to the issuance of the bonds, the school
7    board determines, by resolution, that (i) building and
8    equipping a school building to replace the Sunnyside
9    Intermediate and MacArthur Middle School buildings;
10    building and equipping additions to and altering,
11    repairing, and equipping the Riley Intermediate and
12    Northlake Middle School buildings; altering, repairing,
13    and equipping the Whittier Primary and Jefferson Primary
14    School buildings; improving sites; renovating
15    instructional spaces; providing STEM (science, technology,
16    engineering, and mathematics) labs; and constructing life
17    safety, security, and infrastructure improvements are
18    required to replace outdated facilities and to provide
19    safe spaces consistent with 21st century learning and (ii)
20    the issuance of bonds is authorized by a statute that
21    exempts the debt incurred on the bonds from the district's
22    statutory debt limitation.
23        (3) The bonds are issued, in one or more issuances,
24    not later than 5 years after the date of the referendum
25    approving the issuance of the bonds, but the aggregate
26    principal amount issued in all such bond issuances

 

 

HB2078- 54 -LRB102 12297 CMG 17634 b

1    combined must not exceed $105,000,000.
2        (4) The bonds are issued in accordance with this
3    Article.
4        (5) The proceeds of the bonds are used to accomplish
5    only those projects approved by the voters at the general
6    primary election held on March 17, 2020.
7    The debt incurred on any bonds issued under this
8subsection (p-160) and on any bonds issued to refund or
9continue to refund such bonds shall not be considered
10indebtedness for purposes of any statutory debt limitation.
11    (p-165) In addition to all other authority to issue bonds,
12Elmwood Park Community Unit School District 401 may issue
13bonds with an aggregate principal amount not to exceed
14$55,000,000, but only if all of the following conditions are
15met:
16        (1) The voters of the district approve a proposition
17    for the bond issuance at an election held on or after March
18    17, 2020.
19        (2) Prior to the issuance of the bonds, the school
20    board determines, by resolution, that (i) the building and
21    equipping of an addition to the John Mills Elementary
22    School building; the renovating, altering, repairing, and
23    equipping of the John Mills and Elmwood Elementary School
24    buildings; the installation of safety and security
25    improvements; and the improvement of school sites are
26    required as a result of the age and condition of the

 

 

HB2078- 55 -LRB102 12297 CMG 17634 b

1    district's existing school buildings and (ii) the issuance
2    of bonds is authorized by a statute that exempts the debt
3    incurred on the bonds from the district's statutory debt
4    limitation.
5        (3) The bonds are issued, in one or more issuances,
6    not later than 5 years after the date of the referendum
7    approving the issuance of the bonds, but the aggregate
8    principal amount issued in all such bond issuances
9    combined must not exceed $55,000,000.
10        (4) The bonds are issued in accordance with this
11    Article.
12        (5) The proceeds of the bonds are used to accomplish
13    only the projects approved by the voters at an election
14    held on or after March 17, 2020.
15    The debt incurred on any bonds issued under this
16subsection (p-165) and on any bonds issued to refund or
17continue to refund such bonds shall not be considered
18indebtedness for purposes of any statutory debt limitation.
19Bonds issued under this subsection (p-165) and any bonds
20issued to refund or continue to refund such bonds must mature
21within not to exceed 25 years from their date, notwithstanding
22any other law, including Section 19-3 of this Code, to the
23contrary.
24    (p-170) In addition to all other authority to issue bonds,
25Maroa-Forsyth Community Unit School District 2 may issue bonds
26with an aggregate principal amount not to exceed $33,000,000,

 

 

HB2078- 56 -LRB102 12297 CMG 17634 b

1but only if all of the following conditions are met:
2        (1) The voters of the school district approve a
3    proposition for the bond issuance at an election held on
4    March 17, 2020.
5        (2) Prior to the issuance of the bonds, the school
6    board determines, by resolution, that the projects set
7    forth in the proposition for the bond issuance were and
8    are required because of the age and condition of the
9    school district's existing school buildings.
10        (3) The bonds are issued, in one or more issuances,
11    not later than 5 years after the date of the referendum
12    approving the issuance of the bonds, but the aggregate
13    principal amount issued in all such bond issuances
14    combined must not exceed $33,000,000.
15        (4) The bonds are issued in accordance with this
16    Article.
17        (5) The proceeds of the bonds are used to accomplish
18    only the projects approved by the voters at an election
19    held on March 17, 2020.
20    The debt incurred on any bonds issued under this
21subsection (p-170) and on any bonds issued to refund or
22continue to refund such bonds shall not be considered
23indebtedness for purposes of any statutory debt limitation.
24Bonds issued under this subsection (p-170) and any bonds
25issued to refund or continue to refund such bonds must mature
26within not to exceed 25 years from their date, notwithstanding

 

 

HB2078- 57 -LRB102 12297 CMG 17634 b

1any other law, including Section 19-3 of this Code, to the
2contrary.
3    (p-175) In addition to all other authority to issue bonds,
4Schiller Park School District 81 may issue bonds with an
5aggregate principal amount not to exceed $30,000,000, but only
6if all of the following conditions are met:
7        (1) The voters of the district approve a proposition
8    for the bond issuance at an election held on or after March
9    17, 2020.
10        (2) Prior to the issuance of the bonds, the school
11    board determines, by resolution, that (i) building and
12    equipping a school building to replace the Washington
13    Elementary School building, installing fire suppression
14    systems, security systems, and federal Americans with
15    Disability Act of 1990 compliance measures, acquiring
16    land, and improving the site are required to accommodate
17    enrollment growth, replace an outdated facility, and
18    create spaces consistent with 21st century learning and
19    (ii) the issuance of bonds is authorized by a statute that
20    exempts the debt incurred on the bonds from the district's
21    statutory debt limitation.
22        (3) The bonds are issued, in one or more issuances,
23    not later than 5 years after the date of the referendum
24    approving the issuance of the bonds, but the aggregate
25    principal amount issued in all such bond issuances
26    combined must not exceed $30,000,000.

 

 

HB2078- 58 -LRB102 12297 CMG 17634 b

1        (4) The bonds are issued in accordance with this
2    Article.
3        (5) The proceeds of the bonds are used to accomplish
4    only the projects approved by the voters at an election
5    held on or after March 17, 2020.
6    The debt incurred on any bonds issued under this
7subsection (p-175) and on any bonds issued to refund or
8continue to refund such bonds shall not be considered
9indebtedness for purposes of any statutory debt limitation.
10Bonds issued under this subsection (p-175) and any bonds
11issued to refund or continue to refund such bonds must mature
12within not to exceed 27 years from their date, notwithstanding
13any other law, including Section 19-3 of this Code, to the
14contrary.
15    (q) A school district must notify the State Board of
16Education prior to issuing any form of long-term or short-term
17debt that will result in outstanding debt that exceeds 75% of
18the debt limit specified in this Section or any other
19provision of law.
20(Source: P.A. 100-531, eff. 9-22-17; 100-650, eff. 7-31-18;
21100-863, eff. 8-14-18; 101-646, eff. 6-26-20.)