Illinois General Assembly - Full Text of SB1305
Illinois General Assembly

  Bills & Resolutions  
  Compiled Statutes  
  Public Acts  
  Legislative Reports  
  IL Constitution  
  Legislative Guide  
  Legislative Glossary  

 Search By Number
 (example: HB0001)
Search Tips

Search By Keyword

Full Text of SB1305  102nd General Assembly

SB1305ham001 102ND GENERAL ASSEMBLY

Rep. Paul Jacobs

Filed: 5/11/2021

 

 


 

 


 
10200SB1305ham001LRB102 11076 CMG 26348 a

1
AMENDMENT TO SENATE BILL 1305

2    AMENDMENT NO. ______. Amend Senate Bill 1305 by replacing
3everything after the enacting clause with the following:
 
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
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

 

 

10200SB1305ham001- 2 -LRB102 11076 CMG 26348 a

1that is produced by multiplying the school district's 1978
2equalized assessed valuation by the debt limitation percentage
3in effect on January 1, 1979, previous to the incurring of such
4indebtedness.
5    No school districts maintaining grades K through 12 shall
6become indebted in any manner or for any purpose to an amount,
7including existing indebtedness, in the aggregate exceeding
813.8% on the value of the taxable property therein to be
9ascertained by the last assessment for State and county taxes
10or, until January 1, 1983, if greater, the sum that is produced
11by multiplying the school district's 1978 equalized assessed
12valuation by the debt limitation percentage in effect on
13January 1, 1979, previous to the incurring of such
14indebtedness.
15    No partial elementary unit district, as defined in Article
1611E of this Code, shall become indebted in any manner or for
17any purpose in an amount, including existing indebtedness, in
18the aggregate exceeding 6.9% of the value of the taxable
19property of the entire district, to be ascertained by the last
20assessment for State and county taxes, plus an amount,
21including existing indebtedness, in the aggregate exceeding
226.9% of the value of the taxable property of that portion of
23the district included in the elementary and high school
24classification, to be ascertained by the last assessment for
25State and county taxes. Moreover, no partial elementary unit
26district, as defined in Article 11E of this Code, shall become

 

 

10200SB1305ham001- 3 -LRB102 11076 CMG 26348 a

1indebted on account of bonds issued by the district for high
2school purposes in the aggregate exceeding 6.9% of the value
3of the taxable property of the entire district, to be
4ascertained by the last assessment for State and county taxes,
5nor shall the district become indebted on account of bonds
6issued by the district for elementary purposes in the
7aggregate exceeding 6.9% of the value of the taxable property
8for that portion of the district included in the elementary
9and high school classification, to be ascertained by the last
10assessment for State and county taxes.
11    Notwithstanding the provisions of any other law to the
12contrary, in any case in which the voters of a school district
13have approved a proposition for the issuance of bonds of such
14school district at an election held prior to January 1, 1979,
15and all of the bonds approved at such election have not been
16issued, the debt limitation applicable to such school district
17during the calendar year 1979 shall be computed by multiplying
18the value of taxable property therein, including personal
19property, as ascertained by the last assessment for State and
20county taxes, previous to the incurring of such indebtedness,
21by the percentage limitation applicable to such school
22district under the provisions of this subsection (a).
23    (a-5) After January 1, 2018, no school district may issue
24bonds under Sections 19-2 through 19-7 of this Code and rely on
25an exception to the debt limitations in this Section unless it
26has complied with the requirements of Section 21 of the Bond

 

 

10200SB1305ham001- 4 -LRB102 11076 CMG 26348 a

1Issue Notification Act and the bonds have been approved by
2referendum.
3    (b) Notwithstanding the debt limitation prescribed in
4subsection (a) of this Section, additional indebtedness may be
5incurred in an amount not to exceed the estimated cost of
6acquiring or improving school sites or constructing and
7equipping additional building facilities under the following
8conditions:
9        (1) Whenever the enrollment of students for the next
10    school year is estimated by the board of education to
11    increase over the actual present enrollment by not less
12    than 35% or by not less than 200 students or the actual
13    present enrollment of students has increased over the
14    previous school year by not less than 35% or by not less
15    than 200 students and the board of education determines
16    that additional school sites or building facilities are
17    required as a result of such increase in enrollment; and
18        (2) When the Regional Superintendent of Schools having
19    jurisdiction over the school district and the State
20    Superintendent of Education concur in such enrollment
21    projection or increase and approve the need for such
22    additional school sites or building facilities and the
23    estimated cost thereof; and
24        (3) When the voters in the school district approve a
25    proposition for the issuance of bonds for the purpose of
26    acquiring or improving such needed school sites or

 

 

10200SB1305ham001- 5 -LRB102 11076 CMG 26348 a

1    constructing and equipping such needed additional building
2    facilities at an election called and held for that
3    purpose. Notice of such an election shall state that the
4    amount of indebtedness proposed to be incurred would
5    exceed the debt limitation otherwise applicable to the
6    school district. The ballot for such proposition shall
7    state what percentage of the equalized assessed valuation
8    will be outstanding in bonds if the proposed issuance of
9    bonds is approved by the voters; or
10        (4) Notwithstanding the provisions of paragraphs (1)
11    through (3) of this subsection (b), if the school board
12    determines that additional facilities are needed to
13    provide a quality educational program and not less than
14    2/3 of those voting in an election called by the school
15    board on the question approve the issuance of bonds for
16    the construction of such facilities, the school district
17    may issue bonds for this purpose; or
18        (5) Notwithstanding the provisions of paragraphs (1)
19    through (3) of this subsection (b), if (i) the school
20    district has previously availed itself of the provisions
21    of paragraph (4) of this subsection (b) to enable it to
22    issue bonds, (ii) the voters of the school district have
23    not defeated a proposition for the issuance of bonds since
24    the referendum described in paragraph (4) of this
25    subsection (b) was held, (iii) the school board determines
26    that additional facilities are needed to provide a quality

 

 

10200SB1305ham001- 6 -LRB102 11076 CMG 26348 a

1    educational program, and (iv) a majority of those voting
2    in an election called by the school board on the question
3    approve the issuance of bonds for the construction of such
4    facilities, the school district may issue bonds for this
5    purpose.
6    In no event shall the indebtedness incurred pursuant to
7this subsection (b) and the existing indebtedness of the
8school district exceed 15% of the value of the taxable
9property therein to be ascertained by the last assessment for
10State and county taxes, previous to the incurring of such
11indebtedness or, until January 1, 1983, if greater, the sum
12that is produced by multiplying the school district's 1978
13equalized assessed valuation by the debt limitation percentage
14in effect on January 1, 1979.
15    The indebtedness provided for by this subsection (b) shall
16be in addition to and in excess of any other debt limitation.
17    (c) Notwithstanding the debt limitation prescribed in
18subsection (a) of this Section, in any case in which a public
19question for the issuance of bonds of a proposed school
20district maintaining grades kindergarten through 12 received
21at least 60% of the valid ballots cast on the question at an
22election held on or prior to November 8, 1994, and in which the
23bonds approved at such election have not been issued, the
24school district pursuant to the requirements of Section 11A-10
25(now repealed) may issue the total amount of bonds approved at
26such election for the purpose stated in the question.

 

 

10200SB1305ham001- 7 -LRB102 11076 CMG 26348 a

1    (d) Notwithstanding the debt limitation prescribed in
2subsection (a) of this Section, a school district that meets
3all the criteria set forth in paragraphs (1) and (2) of this
4subsection (d) may incur an additional indebtedness in an
5amount not to exceed $4,500,000, even though the amount of the
6additional indebtedness authorized by this subsection (d),
7when incurred and added to the aggregate amount of
8indebtedness of the district existing immediately prior to the
9district incurring the additional indebtedness authorized by
10this subsection (d), causes the aggregate indebtedness of the
11district to exceed the debt limitation otherwise applicable to
12that district under subsection (a):
13        (1) The additional indebtedness authorized by this
14    subsection (d) is incurred by the school district through
15    the issuance of bonds under and in accordance with Section
16    17-2.11a for the purpose of replacing a school building
17    which, because of mine subsidence damage, has been closed
18    as provided in paragraph (2) of this subsection (d) or
19    through the issuance of bonds under and in accordance with
20    Section 19-3 for the purpose of increasing the size of, or
21    providing for additional functions in, such replacement
22    school buildings, or both such purposes.
23        (2) The bonds issued by the school district as
24    provided in paragraph (1) above are issued for the
25    purposes of construction by the school district of a new
26    school building pursuant to Section 17-2.11, to replace an

 

 

10200SB1305ham001- 8 -LRB102 11076 CMG 26348 a

1    existing school building that, because of mine subsidence
2    damage, is closed as of the end of the 1992-93 school year
3    pursuant to action of the regional superintendent of
4    schools of the educational service region in which the
5    district is located under Section 3-14.22 or are issued
6    for the purpose of increasing the size of, or providing
7    for additional functions in, the new school building being
8    constructed to replace a school building closed as the
9    result of mine subsidence damage, or both such purposes.
10    (e) (Blank).
11    (f) Notwithstanding the provisions of subsection (a) of
12this Section or of any other law, bonds in not to exceed the
13aggregate amount of $5,500,000 and issued by a school district
14meeting the following criteria shall not be considered
15indebtedness for purposes of any statutory limitation and may
16be issued in an amount or amounts, including existing
17indebtedness, in excess of any heretofore or hereafter imposed
18statutory limitation as to indebtedness:
19        (1) At the time of the sale of such bonds, the board of
20    education of the district shall have determined by
21    resolution that the enrollment of students in the district
22    is projected to increase by not less than 7% during each of
23    the next succeeding 2 school years.
24        (2) The board of education shall also determine by
25    resolution that the improvements to be financed with the
26    proceeds of the bonds are needed because of the projected

 

 

10200SB1305ham001- 9 -LRB102 11076 CMG 26348 a

1    enrollment increases.
2        (3) The board of education shall also determine by
3    resolution that the projected increases in enrollment are
4    the result of improvements made or expected to be made to
5    passenger rail facilities located in the school district.
6    Notwithstanding the provisions of subsection (a) of this
7Section or of any other law, a school district that has availed
8itself of the provisions of this subsection (f) prior to July
922, 2004 (the effective date of Public Act 93-799) may also
10issue bonds approved by referendum up to an amount, including
11existing indebtedness, not exceeding 25% of the equalized
12assessed value of the taxable property in the district if all
13of the conditions set forth in items (1), (2), and (3) of this
14subsection (f) are met.
15    (g) Notwithstanding the provisions of subsection (a) of
16this Section or any other law, bonds in not to exceed an
17aggregate amount of 25% of the equalized assessed value of the
18taxable property of a school district and issued by a school
19district meeting the criteria in paragraphs (i) through (iv)
20of this subsection shall not be considered indebtedness for
21purposes of any statutory limitation and may be issued
22pursuant to resolution of the school board in an amount or
23amounts, including existing indebtedness, in excess of any
24statutory limitation of indebtedness heretofore or hereafter
25imposed:
26        (i) The bonds are issued for the purpose of

 

 

10200SB1305ham001- 10 -LRB102 11076 CMG 26348 a

1    constructing a new high school building to replace two
2    adjacent existing buildings which together house a single
3    high school, each of which is more than 65 years old, and
4    which together are located on more than 10 acres and less
5    than 11 acres of property.
6        (ii) At the time the resolution authorizing the
7    issuance of the bonds is adopted, the cost of constructing
8    a new school building to replace the existing school
9    building is less than 60% of the cost of repairing the
10    existing school building.
11        (iii) The sale of the bonds occurs before July 1,
12    1997.
13        (iv) The school district issuing the bonds is a unit
14    school district located in a county of less than 70,000
15    and more than 50,000 inhabitants, which has an average
16    daily attendance of less than 1,500 and an equalized
17    assessed valuation of less than $29,000,000.
18    (h) Notwithstanding any other provisions of this Section
19or the provisions of any other law, until January 1, 1998, a
20community unit school district maintaining grades K through 12
21may issue bonds up to an amount, including existing
22indebtedness, not exceeding 27.6% of the equalized assessed
23value of the taxable property in the district, if all of the
24following conditions are met:
25        (i) The school district has an equalized assessed
26    valuation for calendar year 1995 of less than $24,000,000;

 

 

10200SB1305ham001- 11 -LRB102 11076 CMG 26348 a

1        (ii) The bonds are issued for the capital improvement,
2    renovation, rehabilitation, or replacement of existing
3    school buildings of the district, all of which buildings
4    were originally constructed not less than 40 years ago;
5        (iii) The voters of the district approve a proposition
6    for the issuance of the bonds at a referendum held after
7    March 19, 1996; and
8        (iv) The bonds are issued pursuant to Sections 19-2
9    through 19-7 of this Code.
10    (i) Notwithstanding any other provisions of this Section
11or the provisions of any other law, until January 1, 1998, a
12community unit school district maintaining grades K through 12
13may issue bonds up to an amount, including existing
14indebtedness, not exceeding 27% of the equalized assessed
15value of the taxable property in the district, if all of the
16following conditions are met:
17        (i) The school district has an equalized assessed
18    valuation for calendar year 1995 of less than $44,600,000;
19        (ii) The bonds are issued for the capital improvement,
20    renovation, rehabilitation, or replacement of existing
21    school buildings of the district, all of which existing
22    buildings were originally constructed not less than 80
23    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    December 31, 1996; and

 

 

10200SB1305ham001- 12 -LRB102 11076 CMG 26348 a

1        (iv) The bonds are issued pursuant to Sections 19-2
2    through 19-7 of this Code.
3    (j) Notwithstanding any other provisions of this Section
4or the provisions of any other law, until January 1, 1999, 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 $140,000,000
12    and a best 3 months average daily attendance for the
13    1995-96 school year of at least 2,800;
14        (ii) The bonds are issued to purchase a site and build
15    and equip a new high school, and the school district's
16    existing high school was originally constructed not less
17    than 35 years prior to the sale of the bonds;
18        (iii) At the time of the sale of the bonds, the board
19    of education determines by resolution that a new high
20    school is needed because of projected enrollment
21    increases;
22        (iv) At least 60% of those voting in an election held
23    after December 31, 1996 approve a proposition for the
24    issuance of the bonds; and
25        (v) The bonds are issued pursuant to Sections 19-2
26    through 19-7 of this Code.

 

 

10200SB1305ham001- 13 -LRB102 11076 CMG 26348 a

1    (k) Notwithstanding the debt limitation prescribed in
2subsection (a) of this Section, a school district that meets
3all the criteria set forth in paragraphs (1) through (4) of
4this subsection (k) may issue bonds to incur an additional
5indebtedness in an amount not to exceed $4,000,000 even though
6the amount of the additional indebtedness authorized by this
7subsection (k), when incurred and added to the aggregate
8amount of indebtedness of the school district existing
9immediately prior to the school district incurring such
10additional indebtedness, causes the aggregate indebtedness of
11the school district to exceed or increases the amount by which
12the aggregate indebtedness of the district already exceeds the
13debt limitation otherwise applicable to that school district
14under subsection (a):
15        (1) the school district is located in 2 counties, and
16    a referendum to authorize the additional indebtedness was
17    approved by a majority of the voters of the school
18    district voting on the proposition to authorize that
19    indebtedness;
20        (2) the additional indebtedness is for the purpose of
21    financing a multi-purpose room addition to the existing
22    high school;
23        (3) the additional indebtedness, together with the
24    existing indebtedness of the school district, shall not
25    exceed 17.4% of the value of the taxable property in the
26    school district, to be ascertained by the last assessment

 

 

10200SB1305ham001- 14 -LRB102 11076 CMG 26348 a

1    for State and county taxes; and
2        (4) the bonds evidencing the additional indebtedness
3    are issued, if at all, within 120 days of August 14, 1998
4    (the effective date of Public Act 90-757).
5    (l) Notwithstanding any other provisions of this Section
6or the provisions of any other law, until January 1, 2000, a
7school district maintaining grades kindergarten through 8 may
8issue bonds up to an amount, including existing indebtedness,
9not exceeding 15% of the equalized assessed value of the
10taxable property in the district if all of the following
11conditions are met:
12        (i) the district has an equalized assessed valuation
13    for calendar year 1996 of less than $10,000,000;
14        (ii) the bonds are issued for capital improvement,
15    renovation, rehabilitation, or replacement of one or more
16    school buildings of the district, which buildings were
17    originally constructed not less than 70 years ago;
18        (iii) the voters of the district approve a proposition
19    for the issuance of the bonds at a referendum held on or
20    after March 17, 1998; and
21        (iv) the bonds are issued pursuant to Sections 19-2
22    through 19-7 of this Code.
23    (m) Notwithstanding any other provisions of this Section
24or the provisions of any other law, until January 1, 1999, an
25elementary school district maintaining grades K through 8 may
26issue bonds up to an amount, excluding existing indebtedness,

 

 

10200SB1305ham001- 15 -LRB102 11076 CMG 26348 a

1not exceeding 18% of the equalized assessed value of the
2taxable property in the district, if all of the following
3conditions are met:
4        (i) The school district has an equalized assessed
5    valuation for calendar year 1995 or less than $7,700,000;
6        (ii) The school district operates 2 elementary
7    attendance centers that until 1976 were operated as the
8    attendance centers of 2 separate and distinct school
9    districts;
10        (iii) The bonds are issued for the construction of a
11    new elementary school building to replace an existing
12    multi-level elementary school building of the school
13    district that is not accessible at all levels and parts of
14    which were constructed more than 75 years ago;
15        (iv) The voters of the school district approve a
16    proposition for the issuance of the bonds at a referendum
17    held after July 1, 1998; and
18        (v) The bonds are issued pursuant to Sections 19-2
19    through 19-7 of this Code.
20    (n) Notwithstanding the debt limitation prescribed in
21subsection (a) of this Section or any other provisions of this
22Section or of any other law, a school district that meets all
23of the criteria set forth in paragraphs (i) through (vi) of
24this subsection (n) may incur additional indebtedness by the
25issuance of bonds in an amount not exceeding the amount
26certified by the Capital Development Board to the school

 

 

10200SB1305ham001- 16 -LRB102 11076 CMG 26348 a

1district as provided in paragraph (iii) of this subsection
2(n), even though the amount of the additional indebtedness so
3authorized, when incurred and added to the aggregate amount of
4indebtedness of the district existing immediately prior to the
5district incurring the additional indebtedness authorized by
6this subsection (n), causes the aggregate indebtedness of the
7district to exceed the debt limitation otherwise applicable by
8law to that district:
9        (i) The school district applies to the State Board of
10    Education for a school construction project grant and
11    submits a district facilities plan in support of its
12    application pursuant to Section 5-20 of the School
13    Construction Law.
14        (ii) The school district's application and facilities
15    plan are approved by, and the district receives a grant
16    entitlement for a school construction project issued by,
17    the State Board of Education under the School Construction
18    Law.
19        (iii) The school district has exhausted its bonding
20    capacity or the unused bonding capacity of the district is
21    less than the amount certified by the Capital Development
22    Board to the district under Section 5-15 of the School
23    Construction Law as the dollar amount of the school
24    construction project's cost that the district will be
25    required to finance with non-grant funds in order to
26    receive a school construction project grant under the

 

 

10200SB1305ham001- 17 -LRB102 11076 CMG 26348 a

1    School Construction Law.
2        (iv) The bonds are issued for a "school construction
3    project", as that term is defined in Section 5-5 of the
4    School Construction Law, in an amount that does not exceed
5    the dollar amount certified, as provided in paragraph
6    (iii) of this subsection (n), by the Capital Development
7    Board to the school district under Section 5-15 of the
8    School Construction Law.
9        (v) The voters of the district approve a proposition
10    for the issuance of the bonds at a referendum held after
11    the criteria specified in paragraphs (i) and (iii) of this
12    subsection (n) are met.
13        (vi) The bonds are issued pursuant to Sections 19-2
14    through 19-7 of the School Code.
15    (o) Notwithstanding any other provisions of this Section
16or the provisions of any other law, until November 1, 2007, a
17community unit school district maintaining grades K through 12
18may issue bonds up to an amount, including existing
19indebtedness, not exceeding 20% of the equalized assessed
20value of the taxable property in the district if all of the
21following conditions are met:
22        (i) the school district has an equalized assessed
23    valuation for calendar year 2001 of at least $737,000,000
24    and an enrollment for the 2002-2003 school year of at
25    least 8,500;
26        (ii) the bonds are issued to purchase school sites,

 

 

10200SB1305ham001- 18 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 19 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 20 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 21 -LRB102 11076 CMG 26348 a

1        (iv) At the time of the sale of the bonds, the school
2    board determines by resolution that the school sites and
3    building additions are needed because of an increase in
4    enrollment projected by the school board.
5        (v) The principal amount of the bonds, including
6    existing indebtedness, does not exceed 20% of the
7    equalized assessed value of the taxable property in the
8    district.
9        (vi) The bonds are issued prior to January 1, 2007,
10    pursuant to Sections 19-2 through 19-7 of this Code.
11    (p-15) In addition to all other authority to issue bonds,
12the Oswego Community Unit School District Number 308 may issue
13bonds with an aggregate principal amount not to exceed
14$450,000,000, but only if all of the following conditions are
15met:
16        (i) The voters of the district have approved a
17    proposition for the bond issue at the general election
18    held on November 7, 2006.
19        (ii) At the time of the sale of the bonds, the school
20    board determines, by resolution, that: (A) the building
21    and equipping of the new high school building, new junior
22    high school buildings, new elementary school buildings,
23    early childhood building, maintenance building,
24    transportation facility, and additions to existing school
25    buildings, the altering, repairing, equipping, and
26    provision of technology improvements to existing school

 

 

10200SB1305ham001- 22 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 23 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 24 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 25 -LRB102 11076 CMG 26348 a

1(p-25) shall not be considered indebtedness for purposes of
2any statutory debt limitation.
3    (p-30) In addition to all other authority to issue bonds,
4Prairie Grove Consolidated School District 46 may issue bonds
5with an aggregate principal amount not to exceed $30,000,000,
6but only if all of the following conditions are met:
7        (i) The voters of the district approve a proposition
8    for the bond issuance at an election held in 2008.
9        (ii) At the time of the sale of the bonds, the school
10    board determines, by resolution, that (A) the building and
11    equipping of a new school building and additions to
12    existing school buildings are required as a result of a
13    projected increase in the enrollment of students in the
14    district and (B) the altering, repairing, and equipping of
15    existing school buildings are required because of the age
16    of the existing school buildings.
17        (iii) The bonds are issued, in one or more bond
18    issuances, on or before December 31, 2012; however, the
19    aggregate principal amount issued in all such bond
20    issuances combined must not exceed $30,000,000.
21        (iv) The bonds are issued in accordance with this
22    Article.
23        (v) The proceeds of the bonds are used to accomplish
24    only those projects approved by the voters at an election
25    held in 2008.
26The debt incurred on any bonds issued under this subsection

 

 

10200SB1305ham001- 26 -LRB102 11076 CMG 26348 a

1(p-30) shall not be considered indebtedness for purposes of
2any statutory debt limitation.
3    (p-35) In addition to all other authority to issue bonds,
4Prairie Hill Community Consolidated School District 133 may
5issue bonds with an aggregate principal amount not to exceed
6$13,900,000, but only if all of the following conditions are
7met:
8        (i) The voters of the district approved a proposition
9    for the bond issuance at an election held on April 17,
10    2007.
11        (ii) At the time of the sale of the bonds, the school
12    board determines, by resolution, that (A) the improvement
13    of the site of and the building and equipping of a school
14    building are required as a result of a projected increase
15    in the enrollment of students in the district and (B) the
16    repairing and equipping of the Prairie Hill Elementary
17    School building is required because of the age of that
18    school building.
19        (iii) The bonds are issued, in one or more bond
20    issuances, on or before December 31, 2011, but the
21    aggregate principal amount issued in all such bond
22    issuances combined must not exceed $13,900,000.
23        (iv) The bonds are issued in accordance with this
24    Article.
25        (v) The proceeds of the bonds are used to accomplish
26    only those projects approved by the voters at an election

 

 

10200SB1305ham001- 27 -LRB102 11076 CMG 26348 a

1    held on April 17, 2007.
2The debt incurred on any bonds issued under this subsection
3(p-35) shall not be considered indebtedness for purposes of
4any statutory debt limitation.
5    (p-40) In addition to all other authority to issue bonds,
6Mascoutah Community Unit District 19 may issue bonds with an
7aggregate principal amount not to exceed $55,000,000, but only
8if all of the following conditions are met:
9        (1) The voters of the district approve a proposition
10    for the bond issuance at a regular election held on or
11    after November 4, 2008.
12        (2) At the time of the sale of the bonds, the school
13    board determines, by resolution, that (i) the building and
14    equipping of a new high school building is required as a
15    result of a projected increase in the enrollment of
16    students in the district and the age and condition of the
17    existing high school building, (ii) the existing high
18    school building will be demolished, and (iii) the sale of
19    bonds is authorized by statute that exempts the debt
20    incurred on the bonds from the district's statutory debt
21    limitation.
22        (3) The bonds are issued, in one or more bond
23    issuances, on or before December 31, 2011, but the
24    aggregate principal amount issued in all such bond
25    issuances combined must not exceed $55,000,000.
26        (4) The bonds are issued in accordance with this

 

 

10200SB1305ham001- 28 -LRB102 11076 CMG 26348 a

1    Article.
2        (5) The proceeds of the bonds are used to accomplish
3    only those projects approved by the voters at a regular
4    election held on or after November 4, 2008.
5    The debt incurred on any bonds issued under this
6subsection (p-40) shall not be considered indebtedness for
7purposes of any statutory debt limitation.
8    (p-45) Notwithstanding the provisions of subsection (a) of
9this Section or of any other law, bonds issued pursuant to
10Section 19-3.5 of this Code shall not be considered
11indebtedness for purposes of any statutory limitation if the
12bonds are issued in an amount or amounts, including existing
13indebtedness of the school district, not in excess of 18.5% of
14the value of the taxable property in the district to be
15ascertained by the last assessment for State and county taxes.
16    (p-50) Notwithstanding the provisions of subsection (a) of
17this Section or of any other law, bonds issued pursuant to
18Section 19-3.10 of this Code shall not be considered
19indebtedness for purposes of any statutory limitation if the
20bonds are issued in an amount or amounts, including existing
21indebtedness of the school district, not in excess of 43% of
22the value of the taxable property in the district to be
23ascertained by the last assessment for State and county taxes.
24    (p-55) In addition to all other authority to issue bonds,
25Belle Valley School District 119 may issue bonds with an
26aggregate principal amount not to exceed $47,500,000, but only

 

 

10200SB1305ham001- 29 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 30 -LRB102 11076 CMG 26348 a

1contrary.
2    (p-60) In addition to all other authority to issue bonds,
3Wilmington Community Unit School District Number 209-U may
4issue bonds with an aggregate principal amount not to exceed
5$2,285,000, but only if all of the following conditions are
6met:
7        (1) The proceeds of the bonds are used to accomplish
8    only those projects approved by the voters at the general
9    primary election held on March 21, 2006.
10        (2) Prior to the issuance of the bonds, the school
11    board determines, by resolution, that (i) the projects
12    approved by the voters were and are required because of
13    the age and condition of the school district's prior and
14    existing school buildings and (ii) the issuance of the
15    bonds is authorized by legislation 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 bond issuances
19    on or before March 1, 2011, but the aggregate principal
20    amount issued in all those bond issuances combined must
21    not exceed $2,285,000.
22        (4) The bonds are issued in accordance with this
23    Article.
24    The debt incurred on any bonds issued under this
25subsection (p-60) shall not be considered indebtedness for
26purposes of any statutory debt limitation.

 

 

10200SB1305ham001- 31 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 32 -LRB102 11076 CMG 26348 a

1        (5) The proceeds of the bonds are used to accomplish
2    only those projects approved by the voters at an election
3    held on or after February 2, 2010.
4    The debt incurred on any bonds issued under this
5subsection (p-65) shall not be considered indebtedness for
6purposes of any statutory debt limitation.
7    (p-70) In addition to all other authority to issue bonds,
8Cahokia Community Unit School District 187 may issue bonds
9with an aggregate principal amount not to exceed $50,000,000,
10but only if all 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 or after
13    November 2, 2010.
14        (2) Prior to the issuance of the bonds, the school
15    board determines, by resolution, that (i) the building and
16    equipping of a new school building is required as a result
17    of the age and condition of an existing school building
18    and (ii) the issuance of bonds is authorized by a statute
19    that exempts the debt incurred on the bonds from the
20    district's statutory debt limitation.
21        (3) The bonds are issued, in one or more issuances, on
22    or before July 1, 2016, but the aggregate principal amount
23    issued in all such bond issuances combined must not exceed
24    $50,000,000.
25        (4) The bonds are issued in accordance with this
26    Article.

 

 

10200SB1305ham001- 33 -LRB102 11076 CMG 26348 a

1        (5) The proceeds of the bonds are used to accomplish
2    only those projects approved by the voters at an election
3    held on or after November 2, 2010.
4    The debt incurred on any bonds issued under this
5subsection (p-70) shall not be considered indebtedness for
6purposes of any statutory debt limitation. Bonds issued under
7this subsection (p-70) must mature within not to exceed 25
8years from their date, notwithstanding any other law,
9including Section 19-3 of this Code, to the contrary.
10    (p-75) Notwithstanding the debt limitation prescribed in
11subsection (a) of this Section or any other provisions of this
12Section or of any other law, the execution of leases on or
13after January 1, 2007 and before July 1, 2011 by the Board of
14Education of Peoria School District 150 with a public building
15commission for leases entered into pursuant to the Public
16Building Commission Act shall not be considered indebtedness
17for purposes of any statutory debt limitation.
18    This subsection (p-75) applies only if the State Board of
19Education or the Capital Development Board makes one or more
20grants to Peoria School District 150 pursuant to the School
21Construction Law. The amount exempted from the debt limitation
22as prescribed in this subsection (p-75) shall be no greater
23than the amount of one or more grants awarded to Peoria School
24District 150 by the State Board of Education or the Capital
25Development Board.
26    (p-80) In addition to all other authority to issue bonds,

 

 

10200SB1305ham001- 34 -LRB102 11076 CMG 26348 a

1Ridgeland School District 122 may issue bonds with an
2aggregate principal amount not to exceed $50,000,000 for the
3purpose of refunding or continuing to refund bonds originally
4issued pursuant to voter approval at the general election held
5on November 7, 2000, and the debt incurred on any bonds issued
6under this subsection (p-80) shall not be considered
7indebtedness for purposes of any statutory debt limitation.
8Bonds issued under this subsection (p-80) may be issued in one
9or more issuances and must mature within not to exceed 25 years
10from their date, notwithstanding any other law, including
11Section 19-3 of this Code, to the contrary.
12    (p-85) In addition to all other authority to issue bonds,
13Hall High School District 502 may issue bonds with an
14aggregate principal amount not to exceed $32,000,000, but only
15if all the following conditions are met:
16        (1) The voters of the district approve a proposition
17    for the bond issuance at an election held on or after April
18    9, 2013.
19        (2) Prior to the issuance of the bonds, the school
20    board determines, by resolution, that (i) the building and
21    equipping of a new school building is required as a result
22    of the age and condition of an existing school building,
23    (ii) the existing school building should be demolished in
24    its entirety or the existing school building should be
25    demolished except for the 1914 west wing of the building,
26    and (iii) the issuance of bonds is authorized by a statute

 

 

10200SB1305ham001- 35 -LRB102 11076 CMG 26348 a

1    that exempts the debt incurred on the bonds from the
2    district's 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 $32,000,000.
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 9, 2013.
13    The debt incurred on any bonds issued under this
14subsection (p-85) shall not be considered indebtedness for
15purposes of any statutory debt limitation. Bonds issued under
16this subsection (p-85) must mature within not to exceed 30
17years from their date, notwithstanding any other law,
18including Section 19-3 of this Code, to the contrary.
19    (p-90) In addition to all other authority to issue bonds,
20Lebanon Community Unit School District 9 may issue bonds with
21an aggregate principal amount not to exceed $7,500,000, but
22only if all of the following conditions are met:
23        (1) The voters of the district approved a proposition
24    for the bond issuance at the general primary election on
25    February 2, 2010.
26        (2) At or prior to the time of the sale of the bonds,

 

 

10200SB1305ham001- 36 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 37 -LRB102 11076 CMG 26348 a

1but only if all of the following conditions are met:
2        (1) The voters of the district approve a proposition
3    for the bond issuance at an election held on or after
4    November 4, 2014.
5        (2) Prior to the issuance of the bonds, the school
6    board determines, by resolution, that (i) the building and
7    equipping of a new school building is required as a result
8    of the age and condition of an existing school building
9    and (ii) the issuance of bonds is authorized by a statute
10    that exempts the debt incurred on the bonds from the
11    district's statutory debt limitation.
12        (3) The bonds are issued, in one or more issuances, on
13    or before July 1, 2020, but the aggregate principal amount
14    issued in all such bond issuances combined must not exceed
15    $35,000,000.
16        (4) The bonds are issued in accordance with this
17    Article.
18        (5) The proceeds of the bonds are used to accomplish
19    only those projects approved by the voters at an election
20    held on or after November 4, 2014.
21    The debt incurred on any bonds issued under this
22subsection (p-95) shall not be considered indebtedness for
23purposes of any statutory debt limitation. Bonds issued under
24this subsection (p-95) must mature within not to exceed 25
25years from their date, notwithstanding any other law,
26including Section 19-3 of this Code, to the contrary.

 

 

10200SB1305ham001- 38 -LRB102 11076 CMG 26348 a

1    (p-100) In addition to all other authority to issue bonds,
2the community unit school district created in the territory
3comprising Milford Community Consolidated School District 280
4and Milford Township High School District 233, as approved at
5the general primary election held on March 18, 2014, may issue
6bonds with an aggregate principal amount not to exceed
7$17,500,000, but only if all the following conditions are met:
8        (1) The voters of the district approve a proposition
9    for the bond issuance at an election held on or after
10    November 4, 2014.
11        (2) Prior to the issuance of the bonds, the school
12    board determines, by resolution, that (i) the building and
13    equipping of a new school building is required as a result
14    of the age and condition of an existing school building
15    and (ii) the issuance of bonds is authorized by a statute
16    that exempts the debt incurred on the bonds from the
17    district's statutory debt limitation.
18        (3) The bonds are issued, in one or more issuances, on
19    or before July 1, 2020, but the aggregate principal amount
20    issued in all such bond issuances combined must not exceed
21    $17,500,000.
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 November 4, 2014.

 

 

10200SB1305ham001- 39 -LRB102 11076 CMG 26348 a

1    The debt incurred on any bonds issued under this
2subsection (p-100) shall not be considered indebtedness for
3purposes of any statutory debt limitation. Bonds issued under
4this subsection (p-100) must mature within not to exceed 25
5years from their date, notwithstanding any other law,
6including Section 19-3 of this Code, to the contrary.
7    (p-105) In addition to all other authority to issue bonds,
8North Shore School District 112 may issue bonds with an
9aggregate principal amount not to exceed $150,000,000, but
10only 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 or after March
13    15, 2016.
14        (2) Prior to the issuance of the bonds, the school
15    board determines, by resolution, that (i) the building and
16    equipping of new buildings and improving the sites thereof
17    and the building and equipping of additions to, altering,
18    repairing, equipping, and renovating existing buildings
19    and improving the sites thereof are required as a result
20    of the age and condition of the district's existing
21    buildings and (ii) the issuance of bonds is authorized by
22    a statute that exempts the debt incurred on the bonds from
23    the district's statutory debt limitation.
24        (3) The bonds are issued, in one or more issuances,
25    not later than 5 years after the date of the referendum
26    approving the issuance of the bonds, but the aggregate

 

 

10200SB1305ham001- 40 -LRB102 11076 CMG 26348 a

1    principal amount issued in all such bond issuances
2    combined must not exceed $150,000,000.
3        (4) The bonds are issued in accordance with this
4    Article.
5        (5) The proceeds of the bonds are used to accomplish
6    only those projects approved by the voters at an election
7    held on or after March 15, 2016.
8    The debt incurred on any bonds issued under this
9subsection (p-105) and on any bonds issued to refund or
10continue to refund such bonds shall not be considered
11indebtedness for purposes of any statutory debt limitation.
12Bonds issued under this subsection (p-105) and any bonds
13issued to refund or continue to refund such bonds must mature
14within not to exceed 30 years from their date, notwithstanding
15any other law, including Section 19-3 of this Code, to the
16contrary.
17    (p-110) In addition to all other authority to issue bonds,
18Sandoval Community Unit School District 501 may issue bonds
19with an aggregate principal amount not to exceed $2,000,000,
20but only if all of the following conditions are met:
21        (1) The voters of the district approved a proposition
22    for the bond issuance at an election held on March 20,
23    2012.
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 because of

 

 

10200SB1305ham001- 41 -LRB102 11076 CMG 26348 a

1    the age and current condition of the Sandoval Elementary
2    School building and (ii) the issuance of bonds is
3    authorized by a statute that exempts the debt incurred on
4    the bonds from the district's statutory debt limitation.
5        (3) The bonds are issued, in one or more bond
6    issuances, on or before March 19, 2022, but the aggregate
7    principal amount issued in all such bond issuances
8    combined must not exceed $2,000,000.
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 the election
13    held on March 20, 2012.
14    The debt incurred on any bonds issued under this
15subsection (p-110) and on any bonds issued to refund or
16continue to refund the bonds shall not be considered
17indebtedness for purposes of any statutory debt limitation.
18    (p-115) In addition to all other authority to issue bonds,
19Bureau Valley Community Unit School District 340 may issue
20bonds with an aggregate principal amount not to exceed
21$25,000,000, but only if all of the following conditions are
22met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at an election held on or after March
25    15, 2016.
26        (2) Prior to the issuances of the bonds, the school

 

 

10200SB1305ham001- 42 -LRB102 11076 CMG 26348 a

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

 

 

10200SB1305ham001- 43 -LRB102 11076 CMG 26348 a

1$28,500,000, but only if all the following conditions are met:
2        (1) The voters of the district approve a proposition
3    for the bond issuance at an election held on or after
4    November 8, 2016.
5        (2) Prior to the issuance of the bonds, the school
6    board determines, by resolution, that (i) the projects as
7    described in said proposition, relating to the building
8    and equipping of one or more school buildings or additions
9    to existing school buildings, are required as a result of
10    the age and condition of the District's existing buildings
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,
15    not later than 5 years after the date of the referendum
16    approving the issuance of the bonds, but the aggregate
17    principal amount issued in all such bond issuances
18    combined must not exceed $28,500,000.
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 an election
23    held on or after November 8, 2016.
24    The debt incurred on any bonds issued under this
25subsection (p-120) and on any bonds issued to refund or
26continue to refund such bonds shall not be considered

 

 

10200SB1305ham001- 44 -LRB102 11076 CMG 26348 a

1indebtedness for purposes of any statutory debt limitation.
2Bonds issued under this subsection (p-120) and any bonds
3issued to refund or continue to refund such bonds must mature
4within not to exceed 25 years from their date, notwithstanding
5any other law, including Section 19-3 of this Code, to the
6contrary.
7    (p-125) In addition to all other authority to issue bonds,
8Hillsboro Community Unit School District 3 may issue bonds
9with an aggregate principal amount not to exceed $34,500,000,
10but only if all 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 or after March
13    15, 2016.
14        (2) Prior to the issuance of the bonds, the school
15    board determines, by resolution, that (i) altering,
16    repairing, and equipping the high school
17    agricultural/vocational building, demolishing the high
18    school main, cafeteria, and gym buildings, building and
19    equipping a school building, and improving sites are
20    required as a result of the age and condition of the
21    district's existing buildings and (ii) the issuance of
22    bonds is authorized by a statute that exempts the debt
23    incurred on the bonds from the district's statutory debt
24    limitation.
25        (3) The bonds are issued, in one or more issuances,
26    not later than 5 years after the date of the referendum

 

 

10200SB1305ham001- 45 -LRB102 11076 CMG 26348 a

1    approving the issuance of the bonds, but the aggregate
2    principal amount issued in all such bond issuances
3    combined must not exceed $34,500,000.
4        (4) The bonds are issued in accordance with this
5    Article.
6        (5) The proceeds of the bonds are used to accomplish
7    only those projects approved by the voters at an election
8    held on or after March 15, 2016.
9    The debt incurred on any bonds issued under this
10subsection (p-125) and on any bonds issued to refund or
11continue to refund such bonds shall not be considered
12indebtedness for purposes of any statutory debt limitation.
13Bonds issued under this subsection (p-125) and any bonds
14issued to refund or continue to refund such bonds must mature
15within not to exceed 25 years from their date, notwithstanding
16any other law, including Section 19-3 of this Code, to the
17contrary.
18    (p-130) In addition to all other authority to issue bonds,
19Waltham Community Consolidated School District 185 may incur
20indebtedness in an aggregate principal amount not to exceed
21$9,500,000 to build and equip a new school building and
22improve the site thereof, but only if all the following
23conditions are met:
24        (1) A majority of the voters of the district voting on
25    an advisory question voted in favor of the question
26    regarding the use of funding sources to build a new school

 

 

10200SB1305ham001- 46 -LRB102 11076 CMG 26348 a

1    building without increasing property tax rates at the
2    general election held on November 8, 2016.
3        (2) Prior to incurring the debt, the school board
4    enters into intergovernmental agreements with the City of
5    LaSalle to pledge moneys in a special tax allocation fund
6    associated with tax increment financing districts LaSalle
7    I and LaSalle III and with the Village of Utica to pledge
8    moneys in a special tax allocation fund associated with
9    tax increment financing district Utica I for the purposes
10    of repaying the debt issued pursuant to this subsection
11    (p-130). Notwithstanding any other provision of law to the
12    contrary, the intergovernmental agreement may extend these
13    tax increment financing districts as necessary to ensure
14    repayment of the debt.
15        (3) Prior to incurring the debt, the school board
16    determines, by resolution, that (i) the building and
17    equipping of a new school building is required as a result
18    of the age and condition of the district's existing
19    buildings and (ii) the debt is authorized by a statute
20    that exempts the debt from the district's statutory debt
21    limitation.
22        (4) The debt is incurred, in one or more issuances,
23    not later than January 1, 2021, and the aggregate
24    principal amount of debt issued in all such issuances
25    combined must not exceed $9,500,000.
26    The debt incurred under this subsection (p-130) and on any

 

 

10200SB1305ham001- 47 -LRB102 11076 CMG 26348 a

1bonds issued to pay, refund, or continue to refund such debt
2shall not be considered indebtedness for purposes of any
3statutory debt limitation. Debt issued under this subsection
4(p-130) and any bonds issued to pay, refund, or continue to
5refund such debt must mature within not to exceed 25 years from
6their date, notwithstanding any other law, including Section
719-11 of this Code and subsection (b) of Section 17 of the
8Local Government Debt Reform Act, to the contrary.
9    (p-133) Notwithstanding the provisions of subsection (a)
10of this Section or of any other law, bonds heretofore or
11hereafter issued by East Prairie School District 73 with an
12aggregate principal amount not to exceed $47,353,147 and
13approved by the voters of the district at the general election
14held on November 8, 2016, and any bonds issued to refund or
15continue to refund the bonds, shall not be considered
16indebtedness for the purposes of any statutory debt limitation
17and may mature within not to exceed 25 years from their date,
18notwithstanding any other law, including Section 19-3 of this
19Code, to the contrary.
20    (p-135) In addition to all other authority to issue bonds,
21Brookfield LaGrange Park School District Number 95 may issue
22bonds with an aggregate principal amount not to exceed
23$20,000,000, but only if all the following conditions are met:
24        (1) The voters of the district approve a proposition
25    for the bond issuance at an election held on or after April
26    4, 2017.

 

 

10200SB1305ham001- 48 -LRB102 11076 CMG 26348 a

1        (2) Prior to the issuance of the bonds, the school
2    board determines, by resolution, that (i) the additions
3    and renovations to the Brook Park Elementary and S. E.
4    Gross Middle School buildings are required to accommodate
5    enrollment growth, replace outdated facilities, and create
6    spaces consistent with 21st century learning and (ii) the
7    issuance of the bonds is authorized by a statute that
8    exempts the debt incurred on the bonds from the district's
9    statutory debt limitation.
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 $20,000,000.
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 those projects approved by the voters at an election
19    held on or after April 4, 2017.
20    The debt incurred on any bonds issued under this
21subsection (p-135) 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.
24    (p-140) The debt incurred on any bonds issued by Wolf
25Branch School District 113 under Section 17-2.11 of this Code
26for the purpose of repairing or replacing all or a portion of a

 

 

10200SB1305ham001- 49 -LRB102 11076 CMG 26348 a

1school building that has been damaged by mine subsidence in an
2aggregate principal amount not to exceed $17,500,000 and on
3any bonds issued to refund or continue to refund those bonds
4shall not be considered indebtedness for purposes of any
5statutory debt limitation and must mature no later than 25
6years from the date of issuance, notwithstanding any other
7provision of law to the contrary, including Section 19-3 of
8this Code. The maximum allowable amount of debt exempt from
9statutory debt limitations under this subsection (p-140) shall
10be reduced by an amount equal to any grants awarded by the
11State Board of Education or Capital Development Board for the
12explicit purpose of repairing or reconstructing a school
13building damaged by mine subsidence.
14    (p-145) In addition to all other authority to issue bonds,
15Greenview Community Unit School District 200 may issue bonds
16with an aggregate principal amount not to exceed $3,500,000,
17but only if all of the following conditions are met:
18        (1) The voters of the district approve a proposition
19    for the bond issuance at an election held on March 17,
20    2020.
21        (2) Prior to the issuance of the bonds, the school
22    board determines, by resolution, that the bonding is
23    necessary for construction and expansion of the district's
24    kindergarten through grade 12 facility.
25        (3) The bonds are issued, in one or more issuances,
26    not later than 5 years after the date of the referendum

 

 

10200SB1305ham001- 50 -LRB102 11076 CMG 26348 a

1    approving the issuance of the bonds, but the aggregate
2    principal amount issued in all such bond issuances
3    combined must not exceed $3,500,000.
4        (4) The bonds are issued in accordance with this
5    Article.
6        (5) The proceeds of the bonds are used to accomplish
7    only the projects approved by the voters at an election
8    held on March 17, 2020.
9    The debt incurred on any bonds issued under this
10subsection (p-145) and on any bonds issued to refund or
11continue to refund such bonds shall not be considered
12indebtedness for purposes of any statutory debt limitation.
13Bonds issued under this subsection (p-145) and any bonds
14issued to refund or continue to refund such bonds must mature
15within not to exceed 25 years from their date, notwithstanding
16any other law, including Section 19-3 of this Code, to the
17contrary.
18    (p-150) In addition to all other authority to issue bonds,
19Komarek School District 94 may issue bonds with an aggregate
20principal amount not to exceed $20,800,000, but only if all of
21the following conditions are met:
22        (1) The voters of the district approve a proposition
23    for the bond issuance at an election held on or after March
24    17, 2020.
25        (2) Prior to the issuance of the bonds, the school
26    board determines, by resolution, that (i) building and

 

 

10200SB1305ham001- 51 -LRB102 11076 CMG 26348 a

1    equipping additions to, altering, repairing, equipping, or
2    demolishing a portion of, or improving the site of the
3    district's existing school building is required as a
4    result of the age and condition of the existing building
5    and (ii) the issuance of the bonds is authorized by a
6    statute that exempts the debt incurred on the bonds from
7    the district's statutory debt limitation.
8        (3) The bonds are issued, in one or more issuances, no
9    later than 5 years after the date of the referendum
10    approving the issuance of the bonds, but the aggregate
11    principal amount issued in all of the bond issuances
12    combined may not exceed $20,800,000.
13        (4) The bonds are issued in accordance with this
14    Article.
15        (5) The proceeds of the bonds are used to accomplish
16    only those projects approved by the voters at an election
17    held on or after March 17, 2020.
18    The debt incurred on any bonds issued under this
19subsection (p-150) and on any bonds issued to refund or
20continue to refund those bonds may not be considered
21indebtedness for purposes of any statutory debt limitation.
22Notwithstanding any other law to the contrary, including
23Section 19-3, bonds issued under this subsection (p-150) and
24any bonds issued to refund or continue to refund those bonds
25must mature within 30 years from their date of issuance.
26    (p-155) In addition to all other authority to issue bonds,

 

 

10200SB1305ham001- 52 -LRB102 11076 CMG 26348 a

1Williamsville Community Unit School District 15 may issue
2bonds with an aggregate principal amount not to exceed
3$40,000,000, but only if all of the following conditions are
4met:
5        (1) The voters of the school district approve a
6    proposition for the bond issuance at an election held on
7    March 17, 2020.
8        (2) Prior to the issuance of the bonds, the school
9    board determines, by resolution, that the projects set
10    forth in the proposition for the bond issuance were and
11    are required because of the age and condition of the
12    school district's existing school buildings.
13        (3) The bonds are issued, in one or more issuances,
14    not later than 5 years after the date of the referendum
15    approving the issuance of the bonds, but the aggregate
16    principal amount issued in all such bond issuances
17    combined must not exceed $40,000,000.
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 the projects approved by the voters at an election
22    held on March 17, 2020.
23    The debt incurred on any bonds issued under this
24subsection (p-155) and on any bonds issued to refund or
25continue to refund such bonds shall not be considered
26indebtedness for purposes of any statutory debt limitation.

 

 

10200SB1305ham001- 53 -LRB102 11076 CMG 26348 a

1Bonds issued under this subsection (p-155) and any bonds
2issued to refund or continue to refund such bonds must mature
3within not to exceed 25 years from their date, notwithstanding
4any other law, including Section 19-3 of this Code, to the
5contrary.
6    (p-160) In addition to all other authority to issue bonds,
7Berkeley School District 87 may issue bonds with an aggregate
8principal amount not to exceed $105,000,000, but only if all
9of the following conditions are met:
10        (1) The voters of the district approve a proposition
11    for the bond issuance at the general primary election held
12    on March 17, 2020.
13        (2) Prior to the issuance of the bonds, the school
14    board determines, by resolution, that (i) building and
15    equipping a school building to replace the Sunnyside
16    Intermediate and MacArthur Middle School buildings;
17    building and equipping additions to and altering,
18    repairing, and equipping the Riley Intermediate and
19    Northlake Middle School buildings; altering, repairing,
20    and equipping the Whittier Primary and Jefferson Primary
21    School buildings; improving sites; renovating
22    instructional spaces; providing STEM (science, technology,
23    engineering, and mathematics) labs; and constructing life
24    safety, security, and infrastructure improvements are
25    required to replace outdated facilities and to provide
26    safe spaces consistent with 21st century learning and (ii)

 

 

10200SB1305ham001- 54 -LRB102 11076 CMG 26348 a

1    the issuance of bonds is authorized by a statute that
2    exempts the debt incurred on the bonds from the district's
3    statutory debt limitation.
4        (3) The bonds are issued, in one or more issuances,
5    not later than 5 years after the date of the referendum
6    approving the issuance of the bonds, but the aggregate
7    principal amount issued in all such bond issuances
8    combined must not exceed $105,000,000.
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 the general
13    primary election held on March 17, 2020.
14    The debt incurred on any bonds issued under this
15subsection (p-160) and on any bonds issued to refund or
16continue to refund such bonds shall not be considered
17indebtedness for purposes of any statutory debt limitation.
18    (p-165) In addition to all other authority to issue bonds,
19Elmwood Park Community Unit School District 401 may issue
20bonds with an aggregate principal amount not to exceed
21$55,000,000, but only if all of the following conditions are
22met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at an election held on or after March
25    17, 2020.
26        (2) Prior to the issuance of the bonds, the school

 

 

10200SB1305ham001- 55 -LRB102 11076 CMG 26348 a

1    board determines, by resolution, that (i) the building and
2    equipping of an addition to the John Mills Elementary
3    School building; the renovating, altering, repairing, and
4    equipping of the John Mills and Elmwood Elementary School
5    buildings; the installation of safety and security
6    improvements; and the improvement of school sites are
7    required as a result of the age and condition of the
8    district's existing school buildings and (ii) the issuance
9    of bonds is authorized by a statute that exempts the debt
10    incurred on the bonds from the district's statutory debt
11    limitation.
12        (3) The bonds are issued, in one or more issuances,
13    not later than 5 years after the date of the referendum
14    approving the issuance of the bonds, but the aggregate
15    principal amount issued in all such bond issuances
16    combined must not exceed $55,000,000.
17        (4) The bonds are issued in accordance with this
18    Article.
19        (5) The proceeds of the bonds are used to accomplish
20    only the projects approved by the voters at an election
21    held on or after March 17, 2020.
22    The debt incurred on any bonds issued under this
23subsection (p-165) and on any bonds issued to refund or
24continue to refund such bonds shall not be considered
25indebtedness for purposes of any statutory debt limitation.
26Bonds issued under this subsection (p-165) and any bonds

 

 

10200SB1305ham001- 56 -LRB102 11076 CMG 26348 a

1issued to refund or continue to refund such bonds must mature
2within not to exceed 25 years from their date, notwithstanding
3any other law, including Section 19-3 of this Code, to the
4contrary.
5    (p-170) In addition to all other authority to issue bonds,
6Maroa-Forsyth Community Unit School District 2 may issue bonds
7with an aggregate principal amount not to exceed $33,000,000,
8but only if all of the following conditions are met:
9        (1) The voters of the school district approve a
10    proposition for the bond issuance at an election held on
11    March 17, 2020.
12        (2) Prior to the issuance of the bonds, the school
13    board determines, by resolution, that the projects set
14    forth in the proposition for the bond issuance were and
15    are required because of the age and condition of the
16    school district's existing school buildings.
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 $33,000,000.
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 the projects approved by the voters at an election
26    held on March 17, 2020.

 

 

10200SB1305ham001- 57 -LRB102 11076 CMG 26348 a

1    The debt incurred on any bonds issued under this
2subsection (p-170) 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-170) and any bonds
6issued to refund or continue to refund such bonds must mature
7within not to exceed 25 years from their date, notwithstanding
8any other law, including Section 19-3 of this Code, to the
9contrary.
10    (p-175) In addition to all other authority to issue bonds,
11Schiller Park School District 81 may issue bonds with an
12aggregate principal amount not to exceed $30,000,000, but only
13if all of the following conditions are met:
14        (1) The voters of the district approve a proposition
15    for the bond issuance at an election held on or after March
16    17, 2020.
17        (2) Prior to the issuance of the bonds, the school
18    board determines, by resolution, that (i) building and
19    equipping a school building to replace the Washington
20    Elementary School building, installing fire suppression
21    systems, security systems, and federal Americans with
22    Disability Act of 1990 compliance measures, acquiring
23    land, and improving the site are required to accommodate
24    enrollment growth, replace an outdated facility, and
25    create spaces consistent with 21st century learning and
26    (ii) the issuance of bonds is authorized by a statute that

 

 

10200SB1305ham001- 58 -LRB102 11076 CMG 26348 a

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 $30,000,000.
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 the projects approved by the voters at an election
12    held on or after March 17, 2020.
13    The debt incurred on any bonds issued under this
14subsection (p-175) 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.
17Bonds issued under this subsection (p-175) and any bonds
18issued to refund or continue to refund such bonds must mature
19within not to exceed 27 years from their date, notwithstanding
20any other law, including Section 19-3 of this Code, to the
21contrary.
22    (p-180) In addition to all other authority to issue bonds,
23Iroquois County Community Unit School District 9 may issue
24bonds with an aggregate principal amount not to exceed
25$17,125,000, but only if all of the following conditions are
26met:

 

 

10200SB1305ham001- 59 -LRB102 11076 CMG 26348 a

1        (1) The voters of the district approve a proposition
2    for the bond issuance at an election held on or after April
3    6, 2021.
4        (2) Prior to the issuance of the bonds, the school
5    board determines, by resolution, that (i) building and
6    equipping a new school building in the City of Watseka;
7    altering, repairing, renovating, and equipping portions of
8    the existing facilities of the district; and making site
9    improvements is necessary because of the age and condition
10    of the district's existing school facilities and (ii) the
11    issuance of bonds is authorized by a statute that exempts
12    the debt incurred on the bonds from the district's
13    statutory debt limitation.
14        (3) The bonds are issued, in one or more issuances,
15    not later than 5 years after the date of the referendum
16    approving the issuance of the bonds, but the aggregate
17    principal amount issued in all such bond issuances
18    combined must not exceed $17,125,000.
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 the projects approved by the voters at an election
23    held on or after April 6, 2021.
24    The debt incurred on any bonds issued under this
25subsection (p-180) and on any bonds issued to refund or
26continue to refund such bonds shall not be considered

 

 

10200SB1305ham001- 60 -LRB102 11076 CMG 26348 a

1indebtedness for purposes of any statutory debt limitation.
2Bonds issued under this subsection (p-180) and any bonds
3issued to refund or continue to refund such bonds must mature
4within not to exceed 25 years from their date, notwithstanding
5any other law, including Section 19-3 of this Code, to the
6contrary.
7    (p-185) In addition to all other authority to issue bonds,
8Field Community Consolidated School District 3 may issue bonds
9with an aggregate principal amount not to exceed $2,600,000,
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 or after April
13    6, 2021.
14        (2) Prior to the issuance of the bonds, the school
15    board determines, by resolution, that (i) it is necessary
16    to alter, repair, renovate, and equip the existing
17    facilities of the district, including, but not limited to,
18    roof replacement, lighting replacement, electrical
19    upgrades, restroom repairs, and gym renovations, and make
20    site improvements because of the age and condition of the
21    district's existing school facilities and (ii) the
22    issuance of bonds is authorized by a statute that exempts
23    the debt incurred on the bonds from the district's
24    statutory debt limitation.
25        (3) The bonds are issued, in one or more issuances,
26    not later than 5 years after the date of the referendum

 

 

10200SB1305ham001- 61 -LRB102 11076 CMG 26348 a

1    approving the issuance of the bonds, but the aggregate
2    principal amount issued in all such bond issuances
3    combined must not exceed $2,600,000.
4        (4) The bonds are issued in accordance with this
5    Article.
6        (5) The proceeds of the bonds are used to accomplish
7    only the projects approved by the voters at an election
8    held on or after April 6, 2021.
9    The debt incurred on any bonds issued under this
10subsection (p-185) and on any bonds issued to refund or
11continue to refund such bonds shall not be considered
12indebtedness for purposes of any statutory debt limitation.
13Bonds issued under this subsection (p-185) and any bonds
14issued to refund or continue to refund such bonds must mature
15within not to exceed 25 years from their date, notwithstanding
16any other law, including Section 19-3 of this Code, to the
17contrary.
18    (q) A school district must notify the State Board of
19Education prior to issuing any form of long-term or short-term
20debt that will result in outstanding debt that exceeds 75% of
21the debt limit specified in this Section or any other
22provision of law.
23(Source: P.A. 100-531, eff. 9-22-17; 100-650, eff. 7-31-18;
24100-863, eff. 8-14-18; 101-646, eff. 6-26-20.)
 
25    Section 10. The School Construction Law is amended by

 

 

10200SB1305ham001- 62 -LRB102 11076 CMG 26348 a

1changing Section 5-40 as follows:
 
2    (105 ILCS 230/5-40)
3    Sec. 5-40. Supervision of school construction projects;
4green projects. The Capital Development Board shall exercise
5general supervision over school construction projects financed
6pursuant to this Article. School districts, however, must be
7allowed to choose the architect and engineer for their school
8construction projects, and no project may be disapproved by
9the State Board of Education or the Capital Development Board
10solely due to a school district's selection of an architect or
11engineer.
12    With respect to those school construction projects for
13which a school district first applies for a grant on or after
14July 1, 2007, the school construction project must receive
15certification from the United States Green Building Council's
16Leadership in Energy and Environmental Design Green Building
17Rating System or the Green Building Initiative's Green Globes
18Green Building Rating System or must meet green building
19standards of the Capital Development Board and its Green
20Building Advisory Committee. With respect to those school
21construction projects for which a school district applies for
22a grant on or after July 1, 2009, the school construction
23project must receive silver certification from the United
24States Green Building Council's Leadership in Energy and
25Environmental Design Green Building Rating System unless all

 

 

10200SB1305ham001- 63 -LRB102 11076 CMG 26348 a

1of the following are met:
2        (1) (blank); the application submitted can be
3    categorized as a capital need prioritized under item (1)
4    of Section 5-30 of this Law;
5        (2) (blank); the renovation or replacement school
6    construction project is less than 40% replacement cost, or
7    the project has been granted a waiver by the Capital
8    Development Board in consultation with the State Board of
9    Education in accordance with rules promulgated pursuant to
10    this Law;
11        (3) the school construction project is located in a
12    county with a population of more than 38,000 and less than
13    39,000 that borders the Mississippi River with a
14    population of more than 33,000 and less than 34,000,
15    according to the 2010 decennial census;
16        (4) the school district for which the school
17    construction grant will be issued has no more than 500
18    1,100 students, with the relevant school facility housing
19    no more than 150 700 students;
20        (5) the facilities for which the school construction
21    grant will be used have been in use as of August 2019
22    condemned as of July 23, 2012; and
23        (6) the application for the school construction grant
24    has been approved prior to the effective date of this
25    amendatory Act of the 102nd 98th General Assembly.
26(Source: P.A. 98-623, eff. 1-7-14.)
 

 

 

10200SB1305ham001- 64 -LRB102 11076 CMG 26348 a

1    Section 99. Effective date. This Act takes effect upon
2becoming law.".