Illinois General Assembly - Full Text of HB3392
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Full Text of HB3392  102nd General Assembly

HB3392 102ND GENERAL ASSEMBLY

  
  

 


 
102ND GENERAL ASSEMBLY
State of Illinois
2021 and 2022
HB3392

 

Introduced 2/22/2021, by Rep. Tom Weber

 

SYNOPSIS AS INTRODUCED:
 
105 ILCS 5/17-3.4a new
105 ILCS 5/34-52.5 new

    Amends the School Code. Provides that no later than 30 days before a school district submits to the voters of that district a question on whether to issue bonds or increase the school district's property tax rate, the school district must send informational material to each resident of voting age in the school district; defines "informational material". Specifies what must be included in the informational material. Effective immediately.


LRB102 14201 CMG 19553 b

FISCAL NOTE ACT MAY APPLY
STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

 

 

A BILL FOR

 

HB3392LRB102 14201 CMG 19553 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 adding Sections
517-3.4a and 34-52.5 as follows:
 
6    (105 ILCS 5/17-3.4a new)
7    Sec. 17-3.4a. Tax increase; informational material.
8    (a) In this Section, "informational material" means a
9one-page fact sheet distributed via U.S. mail to all residents
10of a school district. A school district may determine the form
11of the fact sheet.
12    (b) No later than 30 days before a school district submits
13to the voters of that district a question on whether to issue
14bonds or increase the school district's property tax rate, the
15school district must send informational material to each
16resident of voting age in the school district. The
17informational material must include all of the following, if
18applicable:
19        (1) A description of the project for which the bonds
20    will be issued.
21        (2) A description of the estimated expenditures
22    associated with the increase in the property tax rate.
23        (3) An estimate of the number of years during which

 

 

HB3392- 2 -LRB102 14201 CMG 19553 b

1    the bonds will be outstanding.
2        (4) An estimate of the total debt service to be paid on
3    the bonds, including principal, interest, and the costs of
4    issuing the bonds.
5        (5) All potential outcomes related to the property
6    taxes of a median-priced house in the district for both if
7    the referendum passes and if the referendum fails.
 
8    (105 ILCS 5/34-52.5 new)
9    Sec. 34-52.5. Tax increase; informational material.
10    (a) In this Section, "informational material" means a
11one-page fact sheet distributed via U.S. mail to all residents
12of the school district. The school district may determine the
13form of the fact sheet.
14    (b) No later than 30 days before the school district
15submits to the voters of the district a question on whether to
16issue bonds or increase the school district's property tax
17rate, the school district must send informational material to
18each resident of voting age in the school district. The
19informational material must include all of the following, if
20applicable:
21        (1) A description of the project for which the bonds
22    will be issued.
23        (2) A description of the estimated expenditures
24    associated with the increase in the property tax rate.
25        (3) An estimate of the number of years during which

 

 

HB3392- 3 -LRB102 14201 CMG 19553 b

1    the bonds will be outstanding.
2        (4) An estimate of the total debt service to be paid on
3    the bonds, including principal, interest, and the costs of
4    issuing the bonds.
5        (5) All potential outcomes related to the property
6    taxes of a median-priced house in the district for both if
7    the referendum passes and if the referendum fails.
 
8    Section 99. Effective date. This Act takes effect upon
9becoming law.