Full Text of HB3500 103rd General Assembly
HB3500ham002 103RD GENERAL ASSEMBLY | Rep. Lawrence "Larry" Walsh, Jr. Filed: 3/7/2023
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| 1 | | AMENDMENT TO HOUSE BILL 3500
| 2 | | AMENDMENT NO. ______. Amend House Bill 3500, AS AMENDED, | 3 | | by replacing everything after the enacting clause with the | 4 | | following:
| 5 | | "Section 5. The School Code is amended by changing Section | 6 | | 19-1 as follows:
| 7 | | (105 ILCS 5/19-1)
| 8 | | Sec. 19-1. Debt limitations of school districts.
| 9 | | (a) School districts shall not be subject to the | 10 | | provisions limiting their
indebtedness prescribed in the Local | 11 | | Government Debt Limitation Act.
| 12 | | No school districts maintaining grades K through 8 or 9 | 13 | | through 12
shall become indebted in any manner or for any | 14 | | purpose to an amount,
including existing indebtedness, in the | 15 | | aggregate exceeding 6.9% on the
value of the taxable property | 16 | | therein to be ascertained by the last assessment
for State and |
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| 1 | | county taxes or, until January 1, 1983, if greater, the sum | 2 | | that
is produced by multiplying the school district's 1978 | 3 | | equalized assessed
valuation by the debt limitation percentage | 4 | | in effect on January 1, 1979,
previous to the incurring of such | 5 | | indebtedness.
| 6 | | No school districts maintaining grades K through 12 shall | 7 | | become
indebted in any manner or for any purpose to an amount, | 8 | | including
existing indebtedness, in the aggregate exceeding | 9 | | 13.8% on the value of
the taxable property therein to be | 10 | | ascertained by the last assessment
for State and county taxes | 11 | | or, until January 1, 1983, if greater, the sum that
is produced | 12 | | by multiplying the school district's 1978 equalized assessed
| 13 | | valuation by the debt limitation percentage in effect on | 14 | | January 1, 1979,
previous to the incurring of such | 15 | | indebtedness.
| 16 | | No partial elementary unit district, as defined in Article | 17 | | 11E of this Code, shall become indebted in any manner or for | 18 | | any purpose in an amount, including existing indebtedness, in | 19 | | the aggregate exceeding 6.9% of the value of the taxable | 20 | | property of the entire district, to be ascertained by the last | 21 | | assessment for State and county taxes, plus an amount, | 22 | | including existing indebtedness, in the aggregate exceeding | 23 | | 6.9% of the value of the taxable property of that portion of | 24 | | the district included in the elementary and high school | 25 | | classification, to be ascertained by the last assessment for | 26 | | State and county taxes. Moreover, no partial elementary unit |
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| 1 | | district, as defined in Article 11E of this Code, shall become | 2 | | indebted on account of bonds issued by the district for high | 3 | | school purposes in the aggregate exceeding 6.9% of the value | 4 | | of the taxable property of the entire district, to be | 5 | | ascertained by the last assessment for State and county taxes, | 6 | | nor shall the district become indebted on account of bonds | 7 | | issued by the district for elementary purposes in the | 8 | | aggregate exceeding 6.9% of the value of the taxable property | 9 | | for that portion of the district included in the elementary | 10 | | and high school classification, to be ascertained by the last | 11 | | assessment for State and county taxes.
| 12 | | Notwithstanding the provisions of any other law to the | 13 | | contrary, in any
case in which the voters of a school district | 14 | | have approved a proposition
for the issuance of bonds of such | 15 | | school district at an election held prior
to January 1, 1979, | 16 | | and all of the bonds approved at such election have
not been | 17 | | issued, the debt limitation applicable to such school district
| 18 | | during the calendar year 1979 shall be computed by multiplying | 19 | | the value
of taxable property therein, including personal | 20 | | property, as ascertained
by the last assessment for State and | 21 | | county taxes, previous to the incurring
of such indebtedness, | 22 | | by the percentage limitation applicable to such school
| 23 | | district under the provisions of this subsection (a).
| 24 | | (a-5) After January 1, 2018, no school district may issue | 25 | | bonds under Sections 19-2 through 19-7 of this Code and rely on | 26 | | an exception to the debt limitations in this Section unless it |
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| 1 | | has complied with the requirements of Section 21 of the Bond | 2 | | Issue Notification Act and the bonds have been approved by | 3 | | referendum. | 4 | | (b) Notwithstanding the debt limitation prescribed in | 5 | | subsection (a)
of this Section, additional indebtedness may be | 6 | | incurred in an amount
not to exceed the estimated cost of | 7 | | acquiring or improving school sites
or constructing and | 8 | | equipping additional building facilities under the
following | 9 | | conditions:
| 10 | | (1) Whenever the enrollment of students for the next | 11 | | school year is
estimated by the board of education to | 12 | | increase over the actual present
enrollment by not less | 13 | | than 35% or by not less than 200 students or the
actual | 14 | | present enrollment of students has increased over the | 15 | | previous
school year by not less than 35% or by not less | 16 | | than 200 students and
the board of education determines | 17 | | that additional school sites or
building facilities are | 18 | | required as a result of such increase in
enrollment; and
| 19 | | (2) When the Regional Superintendent of Schools having | 20 | | jurisdiction
over the school district and the State | 21 | | Superintendent of Education
concur in such enrollment | 22 | | projection or increase and approve the need
for such | 23 | | additional school sites or building facilities and the
| 24 | | estimated cost thereof; and
| 25 | | (3) When the voters in the school district approve a | 26 | | proposition for
the issuance of bonds for the purpose of |
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| 1 | | acquiring or improving such
needed school sites or | 2 | | constructing and equipping such needed additional
building | 3 | | facilities at an election called and held for that | 4 | | purpose.
Notice of such an election shall state that the | 5 | | amount of indebtedness
proposed to be incurred would | 6 | | exceed the debt limitation otherwise
applicable to the | 7 | | school district. The ballot for such proposition
shall | 8 | | state what percentage of the equalized assessed valuation | 9 | | will be
outstanding in bonds if the proposed issuance of | 10 | | bonds is approved by
the voters; or
| 11 | | (4) Notwithstanding the provisions of paragraphs (1) | 12 | | through (3) of
this subsection (b), if the school board | 13 | | determines that additional
facilities are needed to | 14 | | provide a quality educational program and not
less than | 15 | | 2/3 of those voting in an election called by the school | 16 | | board
on the question approve the issuance of bonds for | 17 | | the construction of
such facilities, the school district | 18 | | may issue bonds for this
purpose; or
| 19 | | (5) Notwithstanding the provisions of paragraphs (1) | 20 | | through (3) of this
subsection (b), if (i) the school | 21 | | district has previously availed itself of the
provisions | 22 | | of paragraph (4) of this subsection (b) to enable it to | 23 | | issue bonds,
(ii) the voters of the school district have | 24 | | not defeated a proposition for the
issuance of bonds since | 25 | | the referendum described in paragraph (4) of this
| 26 | | subsection (b) was held, (iii) the school board determines |
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| 1 | | that additional
facilities are needed to provide a quality | 2 | | educational program, and (iv) a
majority of those voting | 3 | | in an election called by the school board on the
question | 4 | | approve the issuance of bonds for the construction of such | 5 | | facilities,
the school district may issue bonds for this | 6 | | purpose.
| 7 | | In no event shall the indebtedness incurred pursuant to | 8 | | this
subsection (b) and the existing indebtedness of the | 9 | | school district
exceed 15% of the value of the taxable | 10 | | property therein to be
ascertained by the last assessment for | 11 | | State and county taxes, previous
to the incurring of such | 12 | | indebtedness or, until January 1, 1983, if greater,
the sum | 13 | | that is produced by multiplying the school district's 1978 | 14 | | equalized
assessed valuation by the debt limitation percentage | 15 | | in effect on January 1,
1979.
| 16 | | The indebtedness provided for by this subsection (b) shall | 17 | | be in
addition to and in excess of any other debt limitation.
| 18 | | (c) Notwithstanding the debt limitation prescribed in | 19 | | subsection (a)
of this Section, in any case in which a public | 20 | | question for the issuance
of bonds of a proposed school | 21 | | district maintaining grades kindergarten
through 12 received | 22 | | at least 60% of the valid ballots cast on the question at
an | 23 | | election held on or prior to November 8, 1994, and in which the | 24 | | bonds
approved at such election have not been issued, the | 25 | | school district pursuant to
the requirements of Section 11A-10 | 26 | | (now repealed) may issue the total amount of bonds approved
at |
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| 1 | | such election for the purpose stated in the question.
| 2 | | (d) Notwithstanding the debt limitation prescribed in | 3 | | subsection (a)
of this Section, a school district that meets | 4 | | all the criteria set forth in
paragraphs (1) and (2) of this | 5 | | subsection (d) may incur an additional
indebtedness in an | 6 | | amount not to exceed $4,500,000, even though the amount of
the | 7 | | additional indebtedness authorized by this subsection (d), | 8 | | when incurred
and added to the aggregate amount of | 9 | | indebtedness of the district existing
immediately prior to the | 10 | | district incurring the additional indebtedness
authorized by | 11 | | this subsection (d), causes the aggregate indebtedness of the
| 12 | | district to exceed the debt limitation otherwise applicable to | 13 | | that district
under subsection (a):
| 14 | | (1) The additional indebtedness authorized by this | 15 | | subsection (d) is
incurred by the school district through | 16 | | the issuance of bonds under and in
accordance with Section | 17 | | 17-2.11a for the purpose of replacing a school
building | 18 | | which, because of mine subsidence damage, has been closed | 19 | | as provided
in paragraph (2) of this subsection (d) or | 20 | | through the issuance of bonds under
and in accordance with | 21 | | Section 19-3 for the purpose of increasing the size of,
or | 22 | | providing for additional functions in, such replacement | 23 | | school buildings, or
both such purposes.
| 24 | | (2) The bonds issued by the school district as | 25 | | provided in paragraph (1)
above are issued for the | 26 | | purposes of construction by the school district of
a new |
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| 1 | | school building pursuant to Section 17-2.11, to replace an | 2 | | existing
school building that, because of mine subsidence | 3 | | damage, is closed as of the
end of the 1992-93 school year | 4 | | pursuant to action of the regional
superintendent of | 5 | | schools of the educational service region in which the
| 6 | | district is located under Section 3-14.22 or are issued | 7 | | for the purpose of
increasing the size of, or providing | 8 | | for additional functions in, the new
school building being | 9 | | constructed to replace a school building closed as the
| 10 | | result of mine subsidence damage, or both such purposes.
| 11 | | (e) (Blank).
| 12 | | (f) Notwithstanding the provisions of subsection (a) of | 13 | | this Section or of
any other law, bonds in not to exceed the | 14 | | aggregate amount of $5,500,000 and
issued by a school district | 15 | | meeting the following criteria shall not be
considered | 16 | | indebtedness for purposes of any statutory limitation and may | 17 | | be
issued in an amount or amounts, including existing | 18 | | indebtedness, in excess of
any heretofore or hereafter imposed | 19 | | statutory limitation as to indebtedness:
| 20 | | (1) At the time of the sale of such bonds, the board of | 21 | | education of the
district shall have determined by | 22 | | resolution that the enrollment of students in
the district | 23 | | is projected to increase by not less than 7% during each of | 24 | | the
next succeeding 2 school years.
| 25 | | (2) The board of education shall also determine by | 26 | | resolution that the
improvements to be financed with the |
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| 1 | | proceeds of the bonds are needed because
of the projected | 2 | | enrollment increases.
| 3 | | (3) The board of education shall also determine by | 4 | | resolution that the
projected increases in enrollment are | 5 | | the result of improvements made or
expected to be made to | 6 | | passenger rail facilities located in the school
district.
| 7 | | Notwithstanding the provisions of subsection (a) of this | 8 | | Section or of any other law, a school district that has availed | 9 | | itself of the provisions of this subsection (f) prior to July | 10 | | 22, 2004 (the effective date of Public Act 93-799) may also | 11 | | issue bonds approved by referendum up to an amount, including | 12 | | existing indebtedness, not exceeding 25% of the equalized | 13 | | assessed value of the taxable property in the district if all | 14 | | of the conditions set forth in items (1), (2), and (3) of this | 15 | | subsection (f) are met.
| 16 | | (g) Notwithstanding the provisions of subsection (a) of | 17 | | this Section or any
other law, bonds in not to exceed an | 18 | | aggregate amount of 25% of the equalized
assessed value of the | 19 | | taxable property of a school district and issued by a
school | 20 | | district meeting the criteria in paragraphs (i) through (iv) | 21 | | of this
subsection shall not be considered indebtedness for | 22 | | purposes of any statutory
limitation and may be issued | 23 | | pursuant to resolution of the school board in an
amount or | 24 | | amounts, including existing indebtedness, in
excess of any | 25 | | statutory limitation of indebtedness heretofore or hereafter
| 26 | | imposed:
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| 1 | | (i) The bonds are issued for the purpose of | 2 | | constructing a new high school
building to replace two | 3 | | adjacent existing buildings which together house a
single | 4 | | high school, each of which is more than 65 years old, and | 5 | | which together
are located on more than 10 acres and less | 6 | | than 11 acres of property.
| 7 | | (ii) At the time the resolution authorizing the | 8 | | issuance of the bonds is
adopted, the cost of constructing | 9 | | a new school building to replace the existing
school | 10 | | building is less than 60% of the cost of repairing the | 11 | | existing school
building.
| 12 | | (iii) The sale of the bonds occurs before July 1, | 13 | | 1997.
| 14 | | (iv) The school district issuing the bonds is a unit | 15 | | school district
located in a county of less than 70,000 | 16 | | and more than 50,000 inhabitants,
which has an average | 17 | | daily attendance of less than 1,500 and an equalized
| 18 | | assessed valuation of less than $29,000,000.
| 19 | | (h) Notwithstanding any other provisions of this Section | 20 | | or the
provisions of any other law, until January 1, 1998, a | 21 | | community unit school
district maintaining grades K through 12 | 22 | | may issue bonds up to an amount,
including existing | 23 | | indebtedness, not exceeding 27.6% of the equalized assessed
| 24 | | value of the taxable property in the district, if all of the | 25 | | following
conditions are met:
| 26 | | (i) The school district has an equalized assessed |
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| 1 | | valuation for calendar
year 1995 of less than $24,000,000;
| 2 | | (ii) The bonds are issued for the capital improvement, | 3 | | renovation,
rehabilitation, or replacement of existing | 4 | | school buildings of the district,
all of which buildings | 5 | | were originally constructed not less than 40 years ago;
| 6 | | (iii) The voters of the district approve a proposition | 7 | | for the issuance of
the bonds at a referendum held after | 8 | | March 19, 1996; and
| 9 | | (iv) The bonds are issued pursuant to Sections 19-2 | 10 | | through 19-7 of this
Code.
| 11 | | (i) Notwithstanding any other provisions of this Section | 12 | | or the provisions
of any other law, until January 1, 1998, a | 13 | | community unit school district
maintaining grades K through 12 | 14 | | may issue bonds up to an amount, including
existing | 15 | | indebtedness, not exceeding 27% of the equalized assessed | 16 | | value of the
taxable property in the district, if all of the | 17 | | following conditions are met:
| 18 | | (i) The school district has an equalized assessed | 19 | | valuation for calendar
year 1995 of less than $44,600,000;
| 20 | | (ii) The bonds are issued for the capital improvement, | 21 | | renovation,
rehabilitation, or replacement
of existing | 22 | | school buildings of the district, all of which
existing | 23 | | buildings were originally constructed not less than 80 | 24 | | years ago;
| 25 | | (iii) The voters of the district approve a proposition | 26 | | for the issuance of
the bonds at a referendum held after |
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| 1 | | December 31, 1996; and
| 2 | | (iv) The bonds are issued pursuant to Sections 19-2 | 3 | | through 19-7 of this
Code.
| 4 | | (j) Notwithstanding any other provisions of this Section | 5 | | or the
provisions of any other law, until January 1, 1999, a | 6 | | community unit school
district maintaining grades K through 12 | 7 | | may issue bonds up to an amount,
including existing | 8 | | indebtedness, not exceeding 27% of the equalized assessed
| 9 | | value of the taxable property in the district if all of the | 10 | | following
conditions are met:
| 11 | | (i) The school district has an equalized assessed | 12 | | valuation for calendar
year 1995 of less than $140,000,000 | 13 | | and a best 3 months
average daily
attendance for the | 14 | | 1995-96 school year of at least 2,800;
| 15 | | (ii) The bonds are issued to purchase a site and build | 16 | | and equip a new
high school, and the school district's | 17 | | existing high school was originally
constructed not less | 18 | | than 35
years prior to the sale of the bonds;
| 19 | | (iii) At the time of the sale of the bonds, the board | 20 | | of education
determines
by resolution that a new high | 21 | | school is needed because of projected enrollment
| 22 | | increases;
| 23 | | (iv) At least 60% of those voting in an election held
| 24 | | after December 31, 1996 approve a proposition
for the | 25 | | issuance of
the bonds; and
| 26 | | (v) The bonds are issued pursuant to Sections 19-2 |
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| 1 | | through
19-7 of this Code.
| 2 | | (k) Notwithstanding the debt limitation prescribed in | 3 | | subsection (a) of
this Section, a school district that meets | 4 | | all the criteria set forth in
paragraphs (1) through (4) of | 5 | | this subsection (k) may issue bonds to incur an
additional | 6 | | indebtedness in an amount not to exceed $4,000,000 even though | 7 | | the
amount of the additional indebtedness authorized by this | 8 | | subsection (k), when
incurred and added to the aggregate | 9 | | amount of indebtedness of the school
district existing | 10 | | immediately prior to the school district incurring such
| 11 | | additional indebtedness, causes the aggregate indebtedness of | 12 | | the school
district to exceed or increases the amount by which | 13 | | the aggregate indebtedness
of the district already exceeds the | 14 | | debt limitation otherwise applicable to
that school district | 15 | | under subsection (a):
| 16 | | (1) the school district is located in 2 counties, and | 17 | | a referendum to
authorize the additional indebtedness was | 18 | | approved by a majority of the voters
of the school | 19 | | district voting on the proposition to authorize that
| 20 | | indebtedness;
| 21 | | (2) the additional indebtedness is for the purpose of | 22 | | financing a
multi-purpose room addition to the existing | 23 | | high school;
| 24 | | (3) the additional indebtedness, together with the | 25 | | existing indebtedness
of the school district, shall not | 26 | | exceed 17.4% of the value of the taxable
property in the |
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| 1 | | school district, to be ascertained by the last assessment | 2 | | for
State and county taxes; and
| 3 | | (4) the bonds evidencing the additional indebtedness | 4 | | are issued, if at
all, within 120 days of August 14, 1998 | 5 | | (the effective date of Public Act 90-757).
| 6 | | (l) Notwithstanding any other provisions of this Section | 7 | | or the
provisions of any other law, until January 1, 2000, a | 8 | | school district
maintaining grades kindergarten through 8 may | 9 | | issue bonds up to an amount,
including existing indebtedness, | 10 | | not exceeding 15% of the equalized assessed
value of the | 11 | | taxable property in the district if all of the following
| 12 | | conditions are met:
| 13 | | (i) the district has an equalized assessed valuation | 14 | | for calendar year
1996 of less than $10,000,000;
| 15 | | (ii) the bonds are issued for capital improvement, | 16 | | renovation,
rehabilitation, or replacement of one or more | 17 | | school buildings of the district,
which buildings were | 18 | | originally constructed not less than 70 years ago;
| 19 | | (iii) the voters of the district approve a proposition | 20 | | for the issuance of
the bonds at a referendum held on or | 21 | | after March 17, 1998; and
| 22 | | (iv) the bonds are issued pursuant to Sections 19-2 | 23 | | through 19-7 of this
Code.
| 24 | | (m) Notwithstanding any other provisions of this Section | 25 | | or the provisions
of
any other law, until January 1, 1999, an | 26 | | elementary school district maintaining
grades K through 8 may |
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| 1 | | issue bonds up to an amount, excluding existing
indebtedness, | 2 | | not exceeding 18% of the equalized assessed value of the | 3 | | taxable
property in the district, if all of the following | 4 | | conditions are met:
| 5 | | (i) The school district has an equalized assessed | 6 | | valuation for calendar
year 1995 or less than $7,700,000;
| 7 | | (ii) The school district operates 2 elementary | 8 | | attendance centers that
until
1976 were operated as the | 9 | | attendance centers of 2 separate and distinct school
| 10 | | districts;
| 11 | | (iii) The bonds are issued for the construction of a | 12 | | new elementary school
building to replace an existing | 13 | | multi-level elementary school building of the
school | 14 | | district that is not accessible at all levels and parts of
| 15 | | which were constructed more than 75 years ago;
| 16 | | (iv) The voters of the school district approve a | 17 | | proposition for the
issuance of the bonds at a referendum | 18 | | held after July 1, 1998; and
| 19 | | (v) The bonds are issued pursuant to Sections 19-2 | 20 | | through 19-7 of this
Code.
| 21 | | (n) Notwithstanding the debt limitation prescribed in | 22 | | subsection (a) of
this Section or any other provisions of this | 23 | | Section or of any other law, a
school district that meets all | 24 | | of the criteria set forth in paragraphs (i)
through (vi) of | 25 | | this subsection (n) may incur additional indebtedness by the
| 26 | | issuance of bonds in an amount not exceeding the amount |
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| 1 | | certified by the
Capital Development Board to the school | 2 | | district as provided in paragraph (iii)
of
this subsection | 3 | | (n), even though the amount of the additional indebtedness so
| 4 | | authorized, when incurred and added to the aggregate amount of | 5 | | indebtedness of
the district existing immediately prior to the | 6 | | district incurring the
additional indebtedness authorized by | 7 | | this subsection (n), causes the aggregate
indebtedness of the | 8 | | district to exceed the debt limitation otherwise applicable
by | 9 | | law to that district:
| 10 | | (i) The school district applies to the State Board of | 11 | | Education for a
school construction project grant and | 12 | | submits a district facilities plan in
support
of its | 13 | | application pursuant to Section 5-20 of
the School | 14 | | Construction Law.
| 15 | | (ii) The school district's application and facilities | 16 | | plan are approved
by,
and the district receives a grant | 17 | | entitlement for a school construction project
issued by, | 18 | | the State Board of Education under the School Construction | 19 | | Law.
| 20 | | (iii) The school district has exhausted its bonding | 21 | | capacity or the unused
bonding capacity of the district is | 22 | | less than the amount certified by the
Capital Development | 23 | | Board to the district under Section 5-15 of the School
| 24 | | Construction Law as the dollar amount of the school | 25 | | construction project's cost
that the district will be | 26 | | required to finance with non-grant funds in order to
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| 1 | | receive a school construction project grant under the | 2 | | School Construction Law.
| 3 | | (iv) The bonds are issued for a "school construction | 4 | | project", as that
term is defined in Section 5-5 of the | 5 | | School Construction Law, in an amount
that does not exceed | 6 | | the dollar amount certified, as provided in paragraph
| 7 | | (iii) of this subsection (n), by the Capital Development | 8 | | Board
to the school
district under Section 5-15 of the | 9 | | School Construction Law.
| 10 | | (v) The voters of the district approve a proposition | 11 | | for the issuance of
the bonds at a referendum held after | 12 | | the criteria specified in paragraphs (i)
and (iii) of this | 13 | | subsection (n) are met.
| 14 | | (vi) The bonds are issued pursuant to Sections 19-2 | 15 | | through 19-7 of the
School Code.
| 16 | | (o) Notwithstanding any other provisions of this Section | 17 | | or the
provisions of any other law, until November 1, 2007, a | 18 | | community unit
school district maintaining grades K through 12 | 19 | | may issue bonds up to
an amount, including existing | 20 | | indebtedness, not exceeding 20% of the
equalized assessed | 21 | | value of the taxable property in the district if all of the
| 22 | | following conditions are met:
| 23 | | (i) the school district has an equalized assessed | 24 | | valuation
for calendar year 2001 of at least $737,000,000 | 25 | | and an enrollment
for the 2002-2003 school year of at | 26 | | least 8,500;
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| 1 | | (ii) the bonds are issued to purchase school sites, | 2 | | build and
equip a new high school, build and equip a new | 3 | | junior high school,
build and equip 5 new elementary | 4 | | schools, and make technology
and other improvements and | 5 | | additions to existing schools;
| 6 | | (iii) at the time of the sale of the bonds, the board | 7 | | of
education determines by resolution that the sites and | 8 | | new or
improved facilities are needed because of projected | 9 | | enrollment
increases;
| 10 | | (iv) at least 57% of those voting in a general | 11 | | election held
prior to January 1, 2003 approved a | 12 | | proposition for the issuance of
the bonds; and
| 13 | | (v) the bonds are issued pursuant to Sections 19-2 | 14 | | through
19-7 of this Code.
| 15 | | (p) Notwithstanding any other provisions of this Section | 16 | | or the provisions of any other law, a community unit school | 17 | | district maintaining grades K through 12 may issue bonds up to | 18 | | an amount, including indebtedness, not exceeding 27% of the | 19 | | equalized assessed value of the taxable property in the | 20 | | district if all of the following conditions are met: | 21 | | (i) The school district has an equalized assessed | 22 | | valuation for calendar year 2001 of at least $295,741,187 | 23 | | and a best 3 months' average daily attendance for the | 24 | | 2002-2003 school year of at least 2,394. | 25 | | (ii) The bonds are issued to build and equip 3 | 26 | | elementary school buildings; build and equip one middle |
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| 1 | | school building; and alter, repair, improve, and equip all | 2 | | existing school buildings in the district. | 3 | | (iii) At the time of the sale of the bonds, the board | 4 | | of education determines by resolution that the project is | 5 | | needed because of expanding growth in the school district | 6 | | and a projected enrollment increase. | 7 | | (iv) The bonds are issued pursuant to Sections 19-2 | 8 | | through 19-7 of this Code.
| 9 | | (p-5) Notwithstanding any other provisions of this Section | 10 | | or the provisions of any other law, bonds issued by a community | 11 | | unit school district maintaining grades K through 12 shall not | 12 | | be considered indebtedness for purposes of any statutory | 13 | | limitation and may be issued in an amount or amounts, | 14 | | including existing indebtedness, in excess of any heretofore | 15 | | or hereafter imposed statutory limitation as to indebtedness, | 16 | | if all of the following conditions are met: | 17 | | (i) For each of the 4 most recent years, residential | 18 | | property comprises more than 80% of the equalized assessed | 19 | | valuation of the district. | 20 | | (ii) At least 2 school buildings that were constructed | 21 | | 40 or more years prior to the issuance of the bonds will be | 22 | | demolished and will be replaced by new buildings or | 23 | | additions to one or more existing buildings. | 24 | | (iii) Voters of the district approve a proposition for | 25 | | the issuance of the bonds at a regularly scheduled | 26 | | election. |
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| 1 | | (iv) At the time of the sale of the bonds, the school | 2 | | board determines by resolution that the new buildings or | 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 25% 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-10) Notwithstanding any other provisions of this | 12 | | Section or the provisions of any other law, bonds issued by a | 13 | | community consolidated school district maintaining grades K | 14 | | through 8 shall not be considered indebtedness for purposes of | 15 | | any statutory limitation and may be issued in an amount or | 16 | | amounts, including existing indebtedness, in excess of any | 17 | | heretofore or hereafter imposed statutory limitation as to | 18 | | indebtedness, if all of the following conditions are met: | 19 | | (i) For each of the 4 most recent years, residential | 20 | | and farm property comprises more than 80% of the equalized | 21 | | assessed valuation of the district. | 22 | | (ii) The bond proceeds are to be used to acquire and | 23 | | improve school sites and build and equip a school | 24 | | building. | 25 | | (iii) Voters of the district approve a proposition for | 26 | | the issuance of the bonds at a regularly scheduled |
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| 1 | | election. | 2 | | (iv) At the time of the sale of the bonds, the school | 3 | | board determines by resolution that the school sites and | 4 | | building additions are needed because of an increase in | 5 | | enrollment projected by the school board. | 6 | | (v) The principal amount of the bonds, including | 7 | | existing indebtedness, does not exceed 20% of the | 8 | | equalized assessed value of the taxable property in the | 9 | | district. | 10 | | (vi) The bonds are issued prior to January 1, 2007, | 11 | | pursuant to Sections 19-2 through 19-7 of this Code.
| 12 | | (p-15) In addition to all other authority to issue bonds, | 13 | | the Oswego Community Unit School District Number 308 may issue | 14 | | bonds with an aggregate principal amount not to exceed | 15 | | $450,000,000, but only if all of the following conditions are | 16 | | met: | 17 | | (i) The voters of the district have approved a | 18 | | proposition for the bond issue at the general election | 19 | | held on November 7, 2006. | 20 | | (ii) At the time of the sale of the bonds, the school | 21 | | board determines, by resolution, that: (A) the building | 22 | | and equipping of the new high school building, new junior | 23 | | high school buildings, new elementary school buildings, | 24 | | early childhood building, maintenance building, | 25 | | transportation facility, and additions to existing school | 26 | | buildings, the altering, repairing, equipping, and |
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| 1 | | provision of technology improvements to existing school | 2 | | buildings, and the acquisition and improvement of school | 3 | | sites, as the case may be, are required as a result of a | 4 | | projected increase in the enrollment of students in the | 5 | | district; and (B) the sale of bonds for these purposes is | 6 | | authorized by legislation that exempts the debt incurred | 7 | | on the bonds from the district's statutory debt | 8 | | limitation.
| 9 | | (iii) The bonds are issued, in one or more bond | 10 | | issues, on or before November 7, 2011, but the aggregate | 11 | | principal amount issued in all such bond issues combined | 12 | | must not exceed $450,000,000.
| 13 | | (iv) The bonds are issued in accordance with this | 14 | | Article 19. | 15 | | (v) The proceeds of the bonds are used only to | 16 | | accomplish those projects approved by the voters at the | 17 | | general election held on November 7, 2006. | 18 | | The debt incurred on any bonds issued under this subsection | 19 | | (p-15) shall not be considered indebtedness for purposes of | 20 | | any statutory debt limitation.
| 21 | | (p-20) In addition to all other authority to issue bonds, | 22 | | the Lincoln-Way Community High School District Number 210 may | 23 | | issue bonds with an aggregate principal amount not to exceed | 24 | | $225,000,000, but only if all of the following conditions are | 25 | | met: | 26 | | (i) The voters of the district have approved a |
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| 1 | | proposition for the bond issue at the general primary | 2 | | election held on March 21, 2006. | 3 | | (ii) At the time of the sale of the bonds, the school | 4 | | board determines, by resolution, that: (A) the building | 5 | | and equipping of the new high school buildings, the | 6 | | altering, repairing, and equipping of existing school | 7 | | buildings, and the improvement of school sites, as the | 8 | | case may be, are required as a result of a projected | 9 | | increase in the enrollment of students in the district; | 10 | | and (B) the sale of bonds for these purposes is authorized | 11 | | by legislation that exempts the debt incurred on the bonds | 12 | | from the district's statutory debt limitation.
| 13 | | (iii) The bonds are issued, in one or more bond | 14 | | issues, on or before March 21, 2011, but the aggregate | 15 | | principal amount issued in all such bond issues combined | 16 | | must not exceed $225,000,000.
| 17 | | (iv) The bonds are issued in accordance with this | 18 | | Article 19. | 19 | | (v) The proceeds of the bonds are used only to | 20 | | accomplish those projects approved by the voters at the | 21 | | primary election held on March 21, 2006. | 22 | | The debt incurred on any bonds issued under this subsection | 23 | | (p-20) shall not be considered indebtedness for purposes of | 24 | | any statutory debt limitation.
| 25 | | (p-25) In addition to all other authority to issue bonds, | 26 | | Rochester Community Unit School District 3A may issue bonds |
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| 1 | | with an aggregate principal amount not to exceed $18,500,000, | 2 | | but only if all of the following conditions are met: | 3 | | (i) The voters of the district approve a proposition | 4 | | for the bond issuance at the general primary election held | 5 | | in 2008.
| 6 | | (ii) At the time of the sale of the bonds, the school | 7 | | board determines, by resolution, that: (A) the building | 8 | | and equipping of a new high school building; the addition | 9 | | of classrooms and support facilities at the high school, | 10 | | middle school, and elementary school; the altering, | 11 | | repairing, and equipping of existing school buildings; and | 12 | | the improvement of school sites, as the case may be, are | 13 | | required as a result of a projected increase in the | 14 | | enrollment of students in the district; and (B) the sale | 15 | | of bonds for these purposes is authorized by a law that | 16 | | exempts the debt incurred on the bonds from the district's | 17 | | statutory debt limitation. | 18 | | (iii) The bonds are issued, in one or more bond | 19 | | issues, on or before December 31, 2012, but the aggregate | 20 | | principal amount issued in all such bond issues combined | 21 | | must not exceed $18,500,000. | 22 | | (iv) The bonds are issued in accordance with this | 23 | | Article 19. | 24 | | (v) The proceeds of the bonds are used to accomplish | 25 | | only those projects approved by the voters at the primary | 26 | | election held in 2008.
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| 1 | | The debt incurred on any bonds issued under this subsection | 2 | | (p-25) shall not be considered indebtedness for purposes of | 3 | | any statutory debt limitation.
| 4 | | (p-30) In addition to all other authority to issue bonds, | 5 | | Prairie Grove Consolidated School District 46 may issue bonds | 6 | | with an aggregate principal amount not to exceed $30,000,000, | 7 | | but only if all of the following conditions are met:
| 8 | | (i) The voters of the district approve a proposition | 9 | | for the bond issuance at an election held in 2008.
| 10 | | (ii) At the time of the sale of the bonds, the school | 11 | | board determines, by resolution, that (A) the building and | 12 | | equipping of a new school building and additions to | 13 | | existing school buildings are required as a result of a | 14 | | projected increase in the enrollment of students in the | 15 | | district and (B) the altering, repairing, and equipping of | 16 | | existing school buildings are required because of the age | 17 | | of the existing school buildings.
| 18 | | (iii) The bonds are issued, in one or more bond | 19 | | issuances, on or before December 31, 2012; however, the | 20 | | aggregate principal amount issued in all such bond | 21 | | issuances combined must not exceed $30,000,000.
| 22 | | (iv) The bonds are issued in accordance with this | 23 | | Article.
| 24 | | (v) The proceeds of the bonds are used to accomplish | 25 | | only those projects approved by the voters at an election | 26 | | held in 2008.
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| 1 | | The debt incurred on any bonds issued under this subsection | 2 | | (p-30) shall not be considered indebtedness for purposes of | 3 | | any statutory debt limitation.
| 4 | | (p-35) In addition to all other authority to issue bonds, | 5 | | Prairie Hill Community Consolidated School District 133 may | 6 | | issue bonds with an aggregate principal amount not to exceed | 7 | | $13,900,000, but only if all of the following conditions are | 8 | | met:
| 9 | | (i) The voters of the district approved a proposition | 10 | | for the bond issuance at an election held on April 17, | 11 | | 2007.
| 12 | | (ii) At the time of the sale of the bonds, the school | 13 | | board determines, by resolution, that (A) the improvement | 14 | | of the site of and the building and equipping of a school | 15 | | building are required as a result of a projected increase | 16 | | in the enrollment of students in the district and (B) the | 17 | | repairing and equipping of the Prairie Hill Elementary | 18 | | School building is required because of the age of that | 19 | | school building.
| 20 | | (iii) The bonds are issued, in one or more bond | 21 | | issuances, on or before December 31, 2011, but the | 22 | | aggregate principal amount issued in all such bond | 23 | | issuances combined must not exceed $13,900,000.
| 24 | | (iv) The bonds are issued in accordance with this | 25 | | Article.
| 26 | | (v) The proceeds of the bonds are used to accomplish |
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| 1 | | only those projects approved by the voters at an election | 2 | | held on April 17, 2007.
| 3 | | The debt incurred on any bonds issued under this subsection | 4 | | (p-35) shall not be considered indebtedness for purposes of | 5 | | any statutory debt limitation.
| 6 | | (p-40) In addition to all other authority to issue bonds, | 7 | | Mascoutah Community Unit District 19 may issue bonds with an | 8 | | aggregate principal amount not to exceed $55,000,000, but only | 9 | | if all of the following conditions are met: | 10 | | (1) The voters of the district approve a proposition | 11 | | for the bond issuance at a regular election held on or | 12 | | after November 4, 2008. | 13 | | (2) At the time of the sale of the bonds, the school | 14 | | board determines, by resolution, that (i) the building and | 15 | | equipping of a new high school building is required as a | 16 | | result of a projected increase in the enrollment of | 17 | | students in the district and the age and condition of the | 18 | | existing high school building, (ii) the existing high | 19 | | school building will be demolished, and (iii) the sale of | 20 | | bonds is authorized by statute that exempts the debt | 21 | | incurred on the bonds from the district's statutory debt | 22 | | limitation. | 23 | | (3) The bonds are issued, in one or more bond | 24 | | issuances, on or before December 31, 2011, but the | 25 | | aggregate principal amount issued in all such bond | 26 | | issuances combined must not exceed $55,000,000. |
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| 1 | | (4) The bonds are issued in accordance with this | 2 | | Article. | 3 | | (5) The proceeds of the bonds are used to accomplish | 4 | | only those projects approved by the voters at a regular | 5 | | election held on or after November 4, 2008. | 6 | | The debt incurred on any bonds issued under this | 7 | | subsection (p-40) shall not be considered indebtedness for | 8 | | purposes of any statutory debt limitation. | 9 | | (p-45) Notwithstanding the provisions of subsection (a) of | 10 | | this Section or of any other law, bonds issued pursuant to | 11 | | Section 19-3.5 of this Code shall not be considered | 12 | | indebtedness for purposes of any statutory limitation if the | 13 | | bonds are issued in an amount or amounts, including existing | 14 | | indebtedness of the school district, not in excess of 18.5% of | 15 | | the value of the taxable property in the district to be | 16 | | ascertained by the last assessment for State and county taxes. | 17 | | (p-50) Notwithstanding the provisions of subsection (a) of
| 18 | | this Section or of any other law, bonds issued pursuant to
| 19 | | Section 19-3.10 of this Code shall not be considered
| 20 | | indebtedness for purposes of any statutory limitation if the
| 21 | | bonds are issued in an amount or amounts, including existing
| 22 | | indebtedness of the school district, not in excess of 43% of
| 23 | | the value of the taxable property in the district to be
| 24 | | ascertained by the last assessment for State and county taxes. | 25 | | (p-55) In addition to all other authority to issue bonds, | 26 | | Belle Valley School District 119 may issue bonds with an |
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| 1 | | aggregate principal amount not to exceed $47,500,000, but only | 2 | | if all of the following conditions are met: | 3 | | (1) The voters of the district approve a proposition | 4 | | for the bond issuance at an election held on or after April | 5 | | 7, 2009. | 6 | | (2) Prior to the issuance of the bonds, the school | 7 | | board determines, by resolution, that (i) the building and | 8 | | equipping of a new school building is required as a result | 9 | | of mine subsidence in an existing school building and | 10 | | because of the age and condition of another existing | 11 | | school building and (ii) the issuance of bonds is | 12 | | authorized by statute that exempts the debt incurred on | 13 | | the bonds from the district's statutory debt limitation. | 14 | | (3) The bonds are issued, in one or more bond | 15 | | issuances, on or before March 31, 2014, but the aggregate | 16 | | principal amount issued in all such bond issuances | 17 | | combined must not exceed $47,500,000. | 18 | | (4) The bonds are issued in accordance with this | 19 | | Article. | 20 | | (5) The proceeds of the bonds are used to accomplish | 21 | | only those projects approved by the voters at an election | 22 | | held on or after April 7, 2009. | 23 | | The debt incurred on any bonds issued under this | 24 | | subsection (p-55) shall not be considered indebtedness for | 25 | | purposes of any statutory debt limitation. Bonds issued under | 26 | | this subsection (p-55) must mature within not to exceed 30 |
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| 1 | | years from their date, notwithstanding any other law to the | 2 | | contrary. | 3 | | (p-60) In addition to all other authority to issue bonds, | 4 | | Wilmington Community Unit School District Number 209-U may | 5 | | issue bonds with an aggregate principal amount not to exceed | 6 | | $2,285,000, but only if all of the following conditions are | 7 | | met: | 8 | | (1) The proceeds of the bonds are used to accomplish | 9 | | only those projects approved by the voters at the general | 10 | | primary election held on March 21, 2006. | 11 | | (2) Prior to the issuance of the bonds, the school | 12 | | board determines, by resolution, that (i) the projects | 13 | | approved by the voters were and are required because of | 14 | | the age and condition of the school district's prior and | 15 | | existing school buildings and (ii) the issuance of the | 16 | | bonds is authorized by legislation that exempts the debt | 17 | | incurred on the bonds from the district's statutory debt | 18 | | limitation. | 19 | | (3) The bonds are issued in one or more bond issuances | 20 | | on or before March 1, 2011, but the aggregate principal | 21 | | amount issued in all those bond issuances combined must | 22 | | not exceed $2,285,000. | 23 | | (4) The bonds are issued in accordance with this | 24 | | Article. | 25 | | The debt incurred on any bonds issued under this | 26 | | subsection (p-60) shall not be considered indebtedness for |
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| 1 | | purposes of any statutory debt limitation. | 2 | | (p-65) In addition to all other authority to issue bonds, | 3 | | West Washington County Community Unit School District 10 may | 4 | | issue bonds with an aggregate principal amount not to exceed | 5 | | $32,200,000 and maturing over a period not exceeding 25 years, | 6 | | but only if all of the following conditions are met: | 7 | | (1) The voters of the district approve a proposition | 8 | | for the bond issuance at an election held on or after | 9 | | February 2, 2010. | 10 | | (2) Prior to the issuance of the bonds, the school | 11 | | board determines, by resolution, that (A) all or a portion | 12 | | of the existing Okawville Junior/Senior High School | 13 | | Building will be demolished; (B) the building and | 14 | | equipping of a new school building to be attached to and | 15 | | the alteration, repair, and equipping of the remaining | 16 | | portion of the Okawville Junior/Senior High School | 17 | | Building is required because of the age and current | 18 | | condition of that school building; and (C) the issuance of | 19 | | bonds is authorized by a 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 March 31, 2014, but the aggregate | 24 | | principal amount issued in all such bond issuances | 25 | | combined must not exceed $32,200,000. | 26 | | (4) The bonds are issued in accordance with this |
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| 1 | | Article. | 2 | | (5) The proceeds of the bonds are used to accomplish | 3 | | only those projects approved by the voters at an election | 4 | | held on or after February 2, 2010. | 5 | | The debt incurred on any bonds issued under this | 6 | | subsection (p-65) shall not be considered indebtedness for | 7 | | purposes of any statutory debt limitation. | 8 | | (p-70) In addition to all other authority to issue bonds, | 9 | | Cahokia Community Unit School District 187 may issue bonds | 10 | | with an aggregate principal amount not to exceed $50,000,000, | 11 | | but only if all the following conditions are met: | 12 | | (1) The voters of the district approve a proposition | 13 | | for the bond issuance at an election held on or after | 14 | | November 2, 2010. | 15 | | (2) Prior to the issuance of the bonds, the school | 16 | | board 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 an existing school building | 19 | | and (ii) the issuance of bonds is authorized by a statute | 20 | | that exempts the debt incurred on the bonds from the | 21 | | district's statutory debt limitation. | 22 | | (3) The bonds are issued, in one or more issuances, on | 23 | | or before July 1, 2016, but the aggregate principal amount | 24 | | issued in all such bond issuances combined must not exceed | 25 | | $50,000,000. | 26 | | (4) The bonds are issued in accordance with this |
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| 1 | | Article. | 2 | | (5) The proceeds of the bonds are used to accomplish | 3 | | only those projects approved by the voters at an election | 4 | | held on or after November 2, 2010. | 5 | | The debt incurred on any bonds issued under this | 6 | | subsection (p-70) shall not be considered indebtedness for | 7 | | purposes of any statutory debt limitation. Bonds issued under | 8 | | this subsection (p-70) must mature within not to exceed 25 | 9 | | years from their date, notwithstanding any other law, | 10 | | including Section 19-3 of this Code, to the contrary. | 11 | | (p-75) Notwithstanding the debt limitation prescribed in | 12 | | subsection (a) of this Section
or any other provisions of this | 13 | | Section or of any other law, the execution of leases on or
| 14 | | after January 1, 2007 and before July 1, 2011 by the Board of | 15 | | Education of Peoria School District 150 with a public building | 16 | | commission for leases entered into pursuant to the Public
| 17 | | Building Commission Act shall not be considered indebtedness | 18 | | for purposes of any
statutory debt limitation. | 19 | | This subsection (p-75) applies only if the State Board of | 20 | | Education or the Capital Development Board makes one or more | 21 | | grants to Peoria School District 150 pursuant to the School | 22 | | Construction Law. The amount exempted from the debt limitation | 23 | | as prescribed in this subsection (p-75) shall be no greater | 24 | | than the amount of one or more grants awarded to Peoria School | 25 | | District 150 by the State Board of Education or the Capital | 26 | | Development Board. |
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| 1 | | (p-80) In addition to all other authority to issue bonds, | 2 | | Ridgeland School District 122 may issue bonds with an | 3 | | aggregate principal amount not to exceed $50,000,000 for the | 4 | | purpose of refunding or continuing to refund bonds originally | 5 | | issued pursuant to voter approval at the general election held | 6 | | on November 7, 2000, and the debt incurred on any bonds issued | 7 | | under this subsection (p-80) shall not be considered | 8 | | indebtedness for purposes of any statutory debt limitation. | 9 | | Bonds issued under this subsection (p-80) may be issued in one | 10 | | or more issuances and must mature within not to exceed 25 years | 11 | | from their date, notwithstanding any other law, including | 12 | | Section 19-3 of this Code, to the contrary. | 13 | | (p-85) In addition to all other authority to issue bonds, | 14 | | Hall High School District 502 may issue bonds with an | 15 | | aggregate principal amount not to exceed $32,000,000, but only | 16 | | if all the following conditions are met: | 17 | | (1) The voters of the district approve a proposition
| 18 | | for the bond issuance at an election held on or after April | 19 | | 9, 2013. | 20 | | (2) Prior to the issuance of the bonds, the school
| 21 | | board determines, by resolution, that (i) the building and | 22 | | equipping of a new school building is required as a result | 23 | | of the age and condition of an existing school building, | 24 | | (ii) the existing school building should be demolished in | 25 | | its entirety or the existing school building should be | 26 | | demolished except for the 1914 west wing of the building, |
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| 1 | | and (iii) the issuance of bonds is authorized by a statute | 2 | | that exempts the debt incurred on the bonds from the | 3 | | district's 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 $32,000,000. | 9 | | (4) The bonds are issued in accordance with this
| 10 | | Article. | 11 | | (5) The proceeds of the bonds are used to accomplish
| 12 | | only those projects approved by the voters at an election | 13 | | held on or after April 9, 2013. | 14 | | The debt incurred on any bonds issued under this | 15 | | subsection (p-85) shall not be considered indebtedness for | 16 | | purposes of any statutory debt limitation. Bonds issued under | 17 | | this subsection (p-85) must mature within not to exceed 30 | 18 | | years from their date, notwithstanding any other law, | 19 | | including Section 19-3 of this Code, to the contrary. | 20 | | (p-90) In addition to all other authority to issue bonds, | 21 | | Lebanon Community Unit School District 9 may issue bonds with | 22 | | an aggregate principal amount not to exceed $7,500,000, but | 23 | | only if all of the following conditions are met: | 24 | | (1) The voters of the district approved a proposition | 25 | | for the bond issuance at the general primary election on | 26 | | February 2, 2010. |
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| 1 | | (2) At or prior to the time of the sale of the bonds, | 2 | | the school board determines, by resolution, that (i) the | 3 | | building and equipping of a new elementary school building | 4 | | is required as a result of a projected increase in the | 5 | | enrollment of students in the district and the age and | 6 | | condition of the existing Lebanon Elementary School | 7 | | building, (ii) a portion of the existing Lebanon | 8 | | Elementary School building will be demolished and the | 9 | | remaining portion will be altered, repaired, and equipped, | 10 | | and (iii) the sale of bonds is authorized by a statute that | 11 | | exempts the debt incurred on the bonds from the district's | 12 | | statutory debt limitation. | 13 | | (3) The bonds are issued, in one or more bond | 14 | | issuances, on or before April 1, 2014, but the aggregate | 15 | | principal amount issued in all such bond issuances | 16 | | combined must not exceed $7,500,000. | 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 the general | 21 | | primary election held on February 2, 2010. | 22 | | The debt incurred on any bonds issued under this | 23 | | subsection (p-90) shall not be considered indebtedness for | 24 | | purposes of any statutory debt limitation. | 25 | | (p-95) In addition to all other authority to issue bonds, | 26 | | Monticello Community Unit School District 25 may issue bonds |
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| 1 | | with an aggregate principal amount not to exceed $35,000,000, | 2 | | but only if all of the following conditions are met: | 3 | | (1) The voters of the district approve a proposition | 4 | | for the bond issuance at an election held on or after | 5 | | November 4, 2014. | 6 | | (2) Prior to the issuance of the bonds, the school | 7 | | board determines, by resolution, that (i) the building and | 8 | | equipping of a new school building is required as a result | 9 | | of the age and condition of an existing school building | 10 | | and (ii) the issuance of bonds is authorized by a statute | 11 | | that exempts the debt incurred on the bonds from the | 12 | | district's statutory debt limitation. | 13 | | (3) The bonds are issued, in one or more issuances, on | 14 | | or before July 1, 2020, but the aggregate principal amount | 15 | | issued in all such bond issuances combined must not exceed | 16 | | $35,000,000. | 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 those projects approved by the voters at an election | 21 | | held on or after November 4, 2014. | 22 | | The debt incurred on any bonds issued under this | 23 | | subsection (p-95) shall not be considered indebtedness for | 24 | | purposes of any statutory debt limitation. Bonds issued under | 25 | | this subsection (p-95) must mature within not to exceed 25 | 26 | | years from their date, notwithstanding any other law, |
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| 1 | | including Section 19-3 of this Code, to the contrary. | 2 | | (p-100) In addition to all other authority to issue bonds, | 3 | | the community unit school district created in the territory | 4 | | comprising Milford Community Consolidated School District 280 | 5 | | and Milford Township High School District 233, as approved at | 6 | | the general primary election held on March 18, 2014, may issue | 7 | | bonds with an aggregate principal amount not to exceed | 8 | | $17,500,000, but only if all the following conditions are met: | 9 | | (1) The voters of the district approve a proposition | 10 | | for the bond issuance at an election held on or after | 11 | | November 4, 2014. | 12 | | (2) Prior to the issuance of the bonds, the school | 13 | | board determines, by resolution, that (i) the building and | 14 | | equipping of a new school building is required as a result | 15 | | of the age and condition of an existing school building | 16 | | and (ii) the issuance of bonds is authorized by a statute | 17 | | that exempts the debt incurred on the bonds from the | 18 | | district's statutory debt limitation. | 19 | | (3) The bonds are issued, in one or more issuances, on | 20 | | or before July 1, 2020, but the aggregate principal amount | 21 | | issued in all such bond issuances combined must not exceed | 22 | | $17,500,000. | 23 | | (4) The bonds are issued in accordance with this | 24 | | Article. | 25 | | (5) The proceeds of the bonds are used to accomplish | 26 | | only those projects approved by the voters at an election |
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| 1 | | held on or after November 4, 2014. | 2 | | The debt incurred on any bonds issued under this | 3 | | subsection (p-100) shall not be considered indebtedness for | 4 | | purposes of any statutory debt limitation. Bonds issued under | 5 | | this subsection (p-100) must mature within not to exceed 25 | 6 | | years from their date, notwithstanding any other law, | 7 | | including Section 19-3 of this Code, to the contrary. | 8 | | (p-105) In addition to all other authority to issue bonds, | 9 | | North Shore School District 112 may issue bonds with an | 10 | | aggregate principal amount not to exceed $150,000,000, but | 11 | | only if all of the following conditions are met: | 12 | | (1) The voters of the district approve a proposition | 13 | | for the bond issuance at an election held on or after March | 14 | | 15, 2016. | 15 | | (2) Prior to the issuance of the bonds, the school | 16 | | board determines, by resolution, that (i) the building and | 17 | | equipping of new buildings and improving the sites thereof | 18 | | and the building and equipping of additions to, altering, | 19 | | repairing, equipping, and renovating existing buildings | 20 | | and improving the sites thereof are required as a result | 21 | | of the age and condition of the district's existing | 22 | | buildings and (ii) the issuance of bonds is authorized by | 23 | | a statute that exempts the debt incurred on the bonds from | 24 | | the district's 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 |
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| 1 | | approving the issuance of the bonds, but the aggregate | 2 | | principal amount issued in all such bond issuances | 3 | | combined must not exceed $150,000,000. | 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 | 10 | | subsection (p-105) and on any bonds issued to refund or | 11 | | continue to refund such bonds shall not be considered | 12 | | indebtedness for purposes of any statutory debt limitation. | 13 | | Bonds issued under this subsection (p-105) and any bonds | 14 | | issued to refund or continue to refund such bonds must mature | 15 | | within not to exceed 30 years from their date, notwithstanding | 16 | | any other law, including Section 19-3 of this Code, to the | 17 | | contrary. | 18 | | (p-110) In addition to all other authority to issue bonds, | 19 | | Sandoval Community Unit School District 501 may issue bonds | 20 | | with an aggregate principal amount not to exceed $2,000,000, | 21 | | but only if all of the following conditions are met: | 22 | | (1) The voters of the district approved a proposition | 23 | | for the bond issuance at an election held on March 20, | 24 | | 2012. | 25 | | (2) Prior to the issuance of the bonds, the school | 26 | | board determines, by resolution, that (i) the building and |
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| 1 | | equipping of a new school building is required because of | 2 | | the age and current condition of the Sandoval Elementary | 3 | | School building and (ii) the issuance of bonds is | 4 | | authorized by a statute that exempts the debt incurred on | 5 | | the bonds from the district's statutory debt limitation. | 6 | | (3) The bonds are issued, in one or more bond | 7 | | issuances, on or before March 19, 2022, but the aggregate | 8 | | principal amount issued in all such bond issuances | 9 | | combined must not exceed $2,000,000. | 10 | | (4) The bonds are issued in accordance with this | 11 | | Article. | 12 | | (5) The proceeds of the bonds are used to accomplish | 13 | | only those projects approved by the voters at the election | 14 | | held on March 20, 2012. | 15 | | The debt incurred on any bonds issued under this | 16 | | subsection (p-110) and on any bonds issued to refund or | 17 | | continue to refund the bonds shall not be considered | 18 | | indebtedness for purposes of any statutory debt limitation. | 19 | | (p-115) In addition to all other authority to issue bonds, | 20 | | Bureau Valley Community Unit School District 340 may issue | 21 | | bonds with an aggregate principal amount not to exceed | 22 | | $25,000,000, but only if all of the following conditions are | 23 | | met: | 24 | | (1) The voters of the district approve a proposition | 25 | | for the bond issuance at an election held on or after March | 26 | | 15, 2016. |
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| 1 | | (2) Prior to the issuances of the bonds, the school | 2 | | board determines, by resolution, that (i) the renovating | 3 | | and equipping of some existing school buildings, the | 4 | | building and equipping of new school buildings, and the | 5 | | demolishing of some existing school buildings are required | 6 | | as a result of the age and condition of existing school | 7 | | buildings and (ii) the issuance of bonds is authorized by | 8 | | a statute that exempts the debt incurred on the bonds from | 9 | | the district's statutory debt limitation. | 10 | | (3) The bonds are issued, in one or more issuances, on | 11 | | or before July 1, 2021, but the aggregate principal amount | 12 | | issued in all such bond issuances combined must not exceed | 13 | | $25,000,000. | 14 | | (4) The bonds are issued in accordance with this | 15 | | Article. | 16 | | (5) The proceeds of the bonds are used to accomplish | 17 | | only those projects approved by the voters at an election | 18 | | held on or after March 15, 2016. | 19 | | The debt incurred on any bonds issued under this | 20 | | subsection (p-115) shall not be considered indebtedness for | 21 | | purposes of any statutory debt limitation. Bonds issued under | 22 | | this subsection (p-115) must mature within not to exceed 30 | 23 | | years from their date, notwithstanding any other law, | 24 | | including Section 19-3 of this Code, to the contrary. | 25 | | (p-120) In addition to all other authority to issue bonds, | 26 | | Paxton-Buckley-Loda Community Unit School District 10 may |
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| 1 | | issue bonds with an aggregate principal amount not to exceed
| 2 | | $28,500,000, but only if all the following conditions are met: | 3 | | (1) The voters of the district approve a proposition | 4 | | for the bond issuance at an election held on or after | 5 | | November 8, 2016. | 6 | | (2) Prior to the issuance of the bonds, the school | 7 | | board determines, by resolution, that (i) the projects as | 8 | | described in said proposition, relating to the building | 9 | | and equipping of one or more school buildings or additions | 10 | | to existing school buildings, are required as a result of | 11 | | the age and condition of the District's existing buildings | 12 | | and (ii) the issuance of bonds is authorized by a statute | 13 | | that exempts the debt incurred on the bonds from the | 14 | | district's statutory debt limitation. | 15 | | (3) The bonds are issued, in one or more issuances, | 16 | | not later than 5 years after the date of the referendum | 17 | | approving the issuance of the bonds, but the aggregate | 18 | | principal amount issued in all such bond issuances | 19 | | combined must not exceed $28,500,000. | 20 | | (4) The bonds are issued in accordance with this | 21 | | Article. | 22 | | (5) The proceeds of the bonds are used to accomplish | 23 | | only those projects approved by the voters at an election | 24 | | held on or after November 8, 2016. | 25 | | The debt incurred on any bonds issued under this | 26 | | subsection (p-120) and on any bonds
issued to refund or |
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| 1 | | continue to refund such bonds shall not be considered | 2 | | indebtedness for
purposes of any statutory debt limitation. | 3 | | Bonds issued under this subsection (p-120) and any
bonds | 4 | | issued to refund or continue to refund such bonds must mature | 5 | | within not to exceed 25
years from their date, notwithstanding | 6 | | any other law, including Section 19-3 of this Code, to the
| 7 | | contrary. | 8 | | (p-125) In addition to all other authority to issue bonds, | 9 | | Hillsboro Community Unit School District 3 may issue bonds | 10 | | with an aggregate principal amount not to exceed
$34,500,000, | 11 | | but only if all the following conditions are met: | 12 | | (1) The voters of the district approve a proposition | 13 | | for the bond issuance at an election held on or after March | 14 | | 15, 2016. | 15 | | (2) Prior to the issuance of the bonds, the school | 16 | | board determines, by resolution, that (i) altering, | 17 | | repairing, and equipping the high school | 18 | | agricultural/vocational building, demolishing the high | 19 | | school main, cafeteria, and gym buildings, building and | 20 | | equipping a school building, and improving sites are | 21 | | required as a result of the age and condition of the | 22 | | district's existing buildings and (ii) the issuance of | 23 | | bonds is authorized by a statute that exempts the debt | 24 | | incurred on the bonds from the district's statutory debt | 25 | | limitation. | 26 | | (3) The bonds are issued, in one or more issuances, |
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| 1 | | not later than 5 years after the date of the referendum | 2 | | approving the issuance of the bonds, but the aggregate | 3 | | principal amount issued in all such bond issuances | 4 | | combined must not exceed $34,500,000. | 5 | | (4) The bonds are issued in accordance with this | 6 | | Article. | 7 | | (5) The proceeds of the bonds are used to accomplish | 8 | | only those projects approved by the voters at an election | 9 | | held on or after March 15, 2016. | 10 | | The debt incurred on any bonds issued under this | 11 | | subsection (p-125) and on any bonds
issued to refund or | 12 | | continue to refund such bonds shall not be considered | 13 | | indebtedness for
purposes of any statutory debt limitation. | 14 | | Bonds issued under this subsection (p-125) and any
bonds | 15 | | issued to refund or continue to refund such bonds must mature | 16 | | within not to exceed 25
years from their date, notwithstanding | 17 | | any other law, including Section 19-3 of this Code, to the
| 18 | | contrary. | 19 | | (p-130) In addition to all other authority to issue bonds, | 20 | | Waltham Community Consolidated School District 185 may incur | 21 | | indebtedness in an aggregate principal amount not to exceed | 22 | | $9,500,000 to build and equip a new school building and | 23 | | improve the site thereof, but only if all the following | 24 | | conditions are met: | 25 | | (1) A majority of the voters of the district voting on | 26 | | an advisory question voted in favor of the question |
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| 1 | | regarding the use of funding sources to build a new school | 2 | | building without increasing property tax rates at the | 3 | | general election held on November 8, 2016. | 4 | | (2) Prior to incurring the debt, the school board | 5 | | enters into intergovernmental agreements with the City of | 6 | | LaSalle to pledge moneys in a special tax allocation fund | 7 | | associated with tax increment financing districts LaSalle | 8 | | I and LaSalle III and with the Village of Utica to pledge | 9 | | moneys in a special tax allocation fund associated with | 10 | | tax increment financing district Utica I for the purposes | 11 | | of repaying the debt issued pursuant to this subsection | 12 | | (p-130). Notwithstanding any other provision of law to the | 13 | | contrary, the intergovernmental agreement may extend these | 14 | | tax increment financing districts as necessary to ensure | 15 | | repayment of the debt. | 16 | | (3) Prior to incurring the debt, the school board | 17 | | determines, by resolution, that (i) the building and | 18 | | equipping of a new school building is required as a result | 19 | | of the age and condition of the district's existing | 20 | | buildings and (ii) the debt is authorized by a statute | 21 | | that exempts the debt from the district's statutory debt | 22 | | limitation. | 23 | | (4) The debt is incurred, in one or more issuances, | 24 | | not later than January 1, 2021, and the aggregate | 25 | | principal amount of debt issued in all such issuances | 26 | | combined must not exceed $9,500,000. |
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| 1 | | The debt incurred under this subsection (p-130) and on any | 2 | | bonds issued to pay, refund, or continue to refund such debt | 3 | | shall not be considered indebtedness for purposes of any | 4 | | statutory debt limitation. Debt issued under this subsection | 5 | | (p-130) and any bonds issued to pay, refund, or continue to | 6 | | refund such debt must mature within not to exceed 25 years from | 7 | | their date, notwithstanding any other law, including Section | 8 | | 19-11 of this Code and subsection (b) of Section 17 of the | 9 | | Local Government Debt Reform Act, to the contrary. | 10 | | (p-133) Notwithstanding the provisions of subsection (a) | 11 | | of this Section or of any other law, bonds heretofore or | 12 | | hereafter issued by East Prairie School District 73 with an | 13 | | aggregate principal amount not to exceed $47,353,147 and | 14 | | approved by the voters of the district at the general election | 15 | | held on November 8, 2016, and any bonds issued to refund or | 16 | | continue to refund the bonds, shall not be considered | 17 | | indebtedness for the purposes of any statutory debt limitation | 18 | | and may mature within not to exceed 25 years from their date, | 19 | | notwithstanding any other law, including Section 19-3 of this | 20 | | Code, to the contrary. | 21 | | (p-135) In addition to all other authority to issue bonds, | 22 | | Brookfield LaGrange Park School District Number 95 may issue | 23 | | bonds with an aggregate principal amount not to exceed | 24 | | $20,000,000, but only if all the following conditions are met: | 25 | | (1) The voters of the district approve a proposition | 26 | | for the bond issuance at an election held on or after April |
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| 1 | | 4, 2017. | 2 | | (2) Prior to the issuance of the bonds, the school | 3 | | board determines, by resolution, that (i) the additions | 4 | | and renovations to the Brook Park Elementary and S. E. | 5 | | Gross Middle School buildings are required to accommodate | 6 | | enrollment growth, replace outdated facilities, and create | 7 | | spaces consistent with 21st century learning and (ii) the | 8 | | issuance of the bonds is authorized by a statute that | 9 | | exempts the debt incurred on the bonds from the district's | 10 | | statutory debt limitation. | 11 | | (3) The bonds are issued, in one or more issuances, | 12 | | not later than 5 years after the date of the referendum | 13 | | approving the issuance of the bonds, but the aggregate | 14 | | principal amount issued in all such bond issuances | 15 | | combined must not exceed $20,000,000. | 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 April 4, 2017. | 21 | | The debt incurred on any bonds issued under this | 22 | | subsection (p-135) and on any bonds issued to refund or | 23 | | continue to refund such bonds shall not be considered | 24 | | indebtedness for purposes of any statutory debt limitation. | 25 | | (p-140) The debt incurred on any bonds issued by Wolf | 26 | | Branch School District 113 under Section 17-2.11 of this Code |
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| 1 | | for the purpose of repairing or replacing all or a portion of a | 2 | | school building that has been damaged by mine subsidence in an | 3 | | aggregate principal amount not to exceed $17,500,000 and on | 4 | | any bonds issued to refund or continue to refund those bonds | 5 | | shall not be considered indebtedness for purposes of any | 6 | | statutory debt limitation and must mature no later than 25 | 7 | | years from the date of issuance, notwithstanding any other | 8 | | provision of law to the contrary, including Section 19-3 of | 9 | | this Code. The maximum allowable amount of debt exempt from | 10 | | statutory debt limitations under this subsection (p-140) shall | 11 | | be reduced by an amount equal to any grants awarded by the | 12 | | State Board of Education or Capital Development Board for the | 13 | | explicit purpose of repairing or reconstructing a school | 14 | | building damaged by mine subsidence. | 15 | | (p-145) In addition to all other authority to issue bonds, | 16 | | Greenview Community Unit School District 200 may issue bonds | 17 | | with an aggregate principal amount not to exceed $3,500,000, | 18 | | but only if all of the following conditions are met: | 19 | | (1) The voters of the district approve a proposition | 20 | | for the bond issuance at an election held on March 17, | 21 | | 2020. | 22 | | (2) Prior to the issuance of the bonds, the school | 23 | | board determines, by resolution, that the bonding is | 24 | | necessary for construction and expansion of the district's | 25 | | kindergarten through grade 12 facility. | 26 | | (3) The bonds are issued, in one or more issuances, |
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| 1 | | not
later than 5 years after the date of the referendum
| 2 | | approving the issuance of the bonds, but the aggregate
| 3 | | principal amount issued in all such bond issuances | 4 | | combined
must not exceed
$3,500,000. | 5 | | (4) The bonds are issued in accordance with this | 6 | | Article. | 7 | | (5) The proceeds of the bonds are used to accomplish | 8 | | only the projects approved by the voters at an election | 9 | | held on March 17, 2020. | 10 | | The debt incurred on any bonds issued under this | 11 | | subsection (p-145) and on any bonds issued to refund or | 12 | | continue to refund such bonds shall not be considered | 13 | | indebtedness for purposes of any statutory debt limitation. | 14 | | Bonds issued under this subsection (p-145) and any bonds | 15 | | issued to refund or continue to refund such bonds must mature | 16 | | within not to exceed 25 years from their date, notwithstanding | 17 | | any other law, including Section 19-3 of this Code, to the | 18 | | contrary. | 19 | | (p-150) In addition to all other authority to issue bonds, | 20 | | Komarek School District 94 may issue bonds with an aggregate | 21 | | principal amount not to exceed $20,800,000, but only if all of | 22 | | the following conditions are met: | 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 |
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| 1 | | board determines, by resolution, that (i) building and | 2 | | equipping additions to, altering, repairing, equipping, or | 3 | | demolishing a portion of, or improving the site of the | 4 | | district's existing school building is required as a | 5 | | result of the age and condition of the existing building | 6 | | and (ii) the issuance of the bonds is authorized by a | 7 | | 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, no | 10 | | later than 5 years after the date of the referendum | 11 | | approving the issuance of the bonds, but the aggregate | 12 | | principal amount issued in all of the bond issuances | 13 | | combined may not exceed $20,800,000. | 14 | | (4) The bonds are issued in accordance with this | 15 | | Article. | 16 | | (5) The proceeds of the bonds are used to accomplish | 17 | | only those projects approved by the voters at an election | 18 | | held on or after March 17, 2020. | 19 | | The debt incurred on any bonds issued under this | 20 | | subsection (p-150) and on any bonds issued to refund or | 21 | | continue to refund those bonds may not be considered | 22 | | indebtedness for purposes of any statutory debt limitation. | 23 | | Notwithstanding any other law to the contrary, including | 24 | | Section 19-3, bonds issued under this subsection (p-150) and | 25 | | any bonds issued to refund or continue to refund those bonds | 26 | | must mature within 30 years from their date of issuance. |
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| 1 | | (p-155) In addition to all other authority to issue bonds, | 2 | | Williamsville Community Unit School District 15 may issue | 3 | | bonds with an aggregate principal amount not to exceed | 4 | | $40,000,000, but only if all of the following conditions are | 5 | | met: | 6 | | (1) The voters of the school district approve a | 7 | | proposition for the bond issuance at an election held on | 8 | | March 17, 2020. | 9 | | (2) Prior to the issuance of the bonds, the school | 10 | | board determines, by resolution, that the projects set | 11 | | forth in the proposition for the bond issuance were and | 12 | | are required because of the age and condition of the | 13 | | school district's existing school buildings. | 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
$40,000,000. | 19 | | (4) The bonds are issued in accordance with this | 20 | | Article. | 21 | | (5) The proceeds of the bonds are used to accomplish | 22 | | only the projects approved by the voters at an election | 23 | | held on March 17, 2020. | 24 | | The debt incurred on any bonds issued under this | 25 | | subsection (p-155) and on any bonds issued to refund or | 26 | | continue to refund such bonds shall not be considered |
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| 1 | | indebtedness for purposes of any statutory debt limitation. | 2 | | Bonds issued under this subsection (p-155) and any bonds | 3 | | issued to refund or continue to refund such bonds must mature | 4 | | within not to exceed 25 years from their date, notwithstanding | 5 | | any other law, including Section 19-3 of this Code, to the | 6 | | contrary. | 7 | | (p-160) In addition to all other authority to issue bonds, | 8 | | Berkeley School District 87 may issue bonds with an aggregate | 9 | | principal amount not to exceed $105,000,000, but only if all | 10 | | of the following conditions are met: | 11 | | (1) The voters of the district approve a proposition | 12 | | for the bond issuance at the general primary election held | 13 | | on March 17, 2020. | 14 | | (2) Prior to the issuance of the bonds, the school | 15 | | board determines, by resolution, that (i) building and | 16 | | equipping a school building to replace the Sunnyside | 17 | | Intermediate and MacArthur Middle School buildings; | 18 | | building and equipping additions to and altering, | 19 | | repairing, and equipping the Riley Intermediate and | 20 | | Northlake Middle School buildings; altering, repairing, | 21 | | and equipping the Whittier Primary and Jefferson Primary | 22 | | School buildings; improving sites; renovating | 23 | | instructional spaces; providing STEM (science, technology, | 24 | | engineering, and mathematics) labs; and constructing life | 25 | | safety, security, and infrastructure improvements are | 26 | | required to replace outdated facilities and to provide |
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| 1 | | safe spaces consistent with 21st century learning and (ii) | 2 | | the issuance of bonds is authorized by a statute that | 3 | | exempts the debt incurred on the bonds from the district's | 4 | | statutory debt limitation. | 5 | | (3) The bonds are issued, in one or more issuances, | 6 | | not later than 5 years after the date of the referendum | 7 | | approving the issuance of the bonds, but the aggregate | 8 | | principal amount issued in all such bond issuances | 9 | | combined must not exceed $105,000,000. | 10 | | (4) The bonds are issued in accordance with this | 11 | | Article. | 12 | | (5) The proceeds of the bonds are used to accomplish | 13 | | only those projects approved by the voters at the general | 14 | | primary election held on March 17, 2020. | 15 | | The debt incurred on any bonds issued under this | 16 | | subsection (p-160) and on any bonds issued to refund or | 17 | | continue to refund such bonds shall not be considered | 18 | | indebtedness for purposes of any statutory debt limitation. | 19 | | (p-165) In addition to all other authority to issue bonds, | 20 | | Elmwood Park
Community Unit School District 401 may issue | 21 | | bonds with an aggregate principal amount
not to exceed | 22 | | $55,000,000, but only if all of the following conditions are | 23 | | met: | 24 | | (1) The voters of the district approve a proposition | 25 | | for the bond issuance at an election held
on or after March | 26 | | 17, 2020. |
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| 1 | | (2) Prior to the issuance of the bonds, the school | 2 | | board determines, by resolution, that (i) the
building and | 3 | | equipping of an addition to the John Mills Elementary | 4 | | School building; the
renovating, altering, repairing, and | 5 | | equipping of the John Mills and Elmwood Elementary School
| 6 | | buildings; the installation of safety and security | 7 | | improvements; and the improvement of school
sites are | 8 | | required as a result of the age and condition of the | 9 | | district's existing school buildings and
(ii) the issuance | 10 | | of bonds is authorized by a statute that exempts the debt | 11 | | incurred on the bonds
from the district's statutory debt | 12 | | limitation. | 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 $55,000,000. | 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 or after March 17, 2020. | 23 | | The debt incurred on any bonds issued under this | 24 | | subsection (p-165) and on any bonds issued to refund or | 25 | | continue to refund such bonds shall not be considered | 26 | | indebtedness for purposes of any statutory debt limitation. |
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| 1 | | Bonds issued under this subsection (p-165) and any bonds | 2 | | issued to refund or continue to refund such bonds must mature | 3 | | within not to exceed 25 years from their date, notwithstanding | 4 | | any other law, including Section 19-3 of this Code, to the | 5 | | contrary. | 6 | | (p-170) In addition to all other authority to issue bonds, | 7 | | Maroa-Forsyth Community Unit School District 2 may issue bonds | 8 | | with an aggregate principal amount not to exceed $33,000,000, | 9 | | but only if all of the following conditions are met: | 10 | | (1) The voters of the school district approve a | 11 | | proposition for the bond issuance at an election held on | 12 | | March 17, 2020. | 13 | | (2) Prior to the issuance of the bonds, the school | 14 | | board determines, by resolution, that the projects set | 15 | | forth in the proposition for the bond issuance were and | 16 | | are required because of the age and condition of the | 17 | | school district's existing school buildings. | 18 | | (3) The bonds are issued, in one or more issuances, | 19 | | not
later than 5 years after the date of the referendum
| 20 | | approving the issuance of the bonds, but the aggregate
| 21 | | principal amount issued in all such bond issuances | 22 | | combined
must not exceed
$33,000,000. | 23 | | (4) The bonds are issued in accordance with this | 24 | | Article. | 25 | | (5) The proceeds of the bonds are used to accomplish | 26 | | only the projects approved by the voters at an election |
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| 1 | | held on March 17, 2020. | 2 | | The debt incurred on any bonds issued under this | 3 | | subsection (p-170) and on any bonds issued to refund or | 4 | | continue to refund such bonds shall not be considered | 5 | | indebtedness for purposes of any statutory debt limitation. | 6 | | Bonds issued under this subsection (p-170) and any bonds | 7 | | issued to refund or continue to refund such bonds must mature | 8 | | within not to exceed 25 years from their date, notwithstanding | 9 | | any other law, including Section 19-3 of this Code, to the | 10 | | contrary. | 11 | | (p-175) In addition to all other authority to issue bonds, | 12 | | Schiller Park School District 81 may issue bonds with an | 13 | | aggregate principal amount not to exceed $30,000,000, but only | 14 | | if all of the following conditions are met: | 15 | | (1) The voters of the district approve a proposition | 16 | | for the bond issuance at an election held on or after March | 17 | | 17, 2020. | 18 | | (2) Prior to the issuance of the bonds, the school | 19 | | board determines, by resolution, that (i) building and | 20 | | equipping a school building to replace the Washington | 21 | | Elementary School building, installing fire suppression | 22 | | systems, security systems, and federal Americans with | 23 | | Disability Act of 1990 compliance measures, acquiring | 24 | | land, and improving the site are required to accommodate | 25 | | enrollment growth, replace an outdated facility, and | 26 | | create spaces consistent with 21st century learning and |
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| 1 | | (ii) 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 $30,000,000. | 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 the projects approved by the voters at an election | 13 | | held on or after March 17, 2020. | 14 | | The debt incurred on any bonds issued under this | 15 | | subsection (p-175) and on any bonds issued to refund or | 16 | | continue to refund such bonds shall not be considered | 17 | | indebtedness for purposes of any statutory debt limitation. | 18 | | Bonds issued under this subsection (p-175) and any bonds | 19 | | issued to refund or continue to refund such bonds must mature | 20 | | within not to exceed 27 years from their date, notwithstanding | 21 | | any other law, including Section 19-3 of this Code, to the | 22 | | contrary. | 23 | | (p-180) In addition to all other authority to issue bonds, | 24 | | Iroquois County Community Unit School District 9 may issue | 25 | | bonds with an aggregate principal amount not to exceed | 26 | | $17,125,000, but only if all of the following conditions are |
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| 1 | | 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 | | 6, 2021. | 5 | | (2) Prior to the issuance of the bonds, the school | 6 | | board determines, by resolution, that (i) building and | 7 | | equipping a new school building in the City of Watseka; | 8 | | altering, repairing, renovating, and equipping portions of | 9 | | the existing facilities of the district; and making site | 10 | | improvements is necessary because of the age and condition | 11 | | of the district's existing school facilities and (ii) the | 12 | | issuance of bonds is authorized by a statute that exempts | 13 | | the debt incurred on the bonds from the district's | 14 | | statutory debt limitation. | 15 | | (3) The bonds are issued, in one or more issuances, | 16 | | not later than 5 years after the date of the referendum | 17 | | approving the issuance of the bonds, but the aggregate | 18 | | principal amount issued in all such bond issuances | 19 | | combined must not exceed $17,125,000. | 20 | | (4) The bonds are issued in accordance with this | 21 | | Article. | 22 | | (5) The proceeds of the bonds are used to accomplish | 23 | | only the projects approved by the voters at an election | 24 | | held on or after April 6, 2021. | 25 | | The debt incurred on any bonds issued under this | 26 | | subsection (p-180) and on any bonds issued to refund or |
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| 1 | | continue to refund such bonds shall not be considered | 2 | | indebtedness for purposes of any statutory debt limitation. | 3 | | Bonds issued under this subsection (p-180) and any bonds | 4 | | issued to refund or continue to refund such bonds must mature | 5 | | within not to exceed 25 years from their date, notwithstanding | 6 | | any other law, including Section 19-3 of this Code, to the | 7 | | contrary. | 8 | | (p-185) In addition to all other authority to issue bonds, | 9 | | Field Community Consolidated School District 3 may issue bonds | 10 | | with an aggregate principal amount not to exceed $2,600,000, | 11 | | but only if all of the following conditions are met: | 12 | | (1) The voters of the district approve a proposition | 13 | | for the bond issuance at an election held on or after April | 14 | | 6, 2021. | 15 | | (2) Prior to the issuance of the bonds, the school | 16 | | board determines, by resolution, that (i) it is necessary | 17 | | to alter, repair, renovate, and equip the existing | 18 | | facilities of the district, including, but not limited to, | 19 | | roof replacement, lighting replacement, electrical | 20 | | upgrades, restroom repairs, and gym renovations, and make | 21 | | site improvements because of the age and condition of the | 22 | | district's existing school facilities and (ii) the | 23 | | issuance of bonds is authorized by a statute that exempts | 24 | | the debt incurred on the bonds from the district's | 25 | | statutory debt limitation. | 26 | | (3) The bonds are issued, in one or more issuances, |
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| 1 | | not later than 5 years after the date of the referendum | 2 | | approving the issuance of the bonds, but the aggregate | 3 | | principal amount issued in all such bond issuances | 4 | | combined must not exceed $2,600,000. | 5 | | (4) The bonds are issued in accordance with this | 6 | | Article. | 7 | | (5) The proceeds of the bonds are used to accomplish | 8 | | only the projects approved by the voters at an election | 9 | | held on or after April 6, 2021. | 10 | | The debt incurred on any bonds issued under this | 11 | | subsection (p-185) and on any bonds issued to refund or | 12 | | continue to refund such bonds shall not be considered | 13 | | indebtedness for purposes of any statutory debt limitation. | 14 | | Bonds issued under this subsection (p-185) and any bonds | 15 | | issued to refund or continue to refund such bonds must mature | 16 | | within not to exceed 25 years from their date, notwithstanding | 17 | | any other law, including Section 19-3 of this Code, to the | 18 | | contrary. | 19 | | (p-190) In addition to all other authority to issue bonds, | 20 | | Mahomet-Seymour Community Unit School District 3 may issue | 21 | | bonds with an aggregate principal amount not to exceed | 22 | | $97,900,000, but only if all the following conditions are met: | 23 | | (1) The voters of the district approve a proposition | 24 | | for the bond issuance at an election held on or after June | 25 | | 28, 2022. | 26 | | (2) Prior to the issuance of the bonds, the school |
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| 1 | | board determines, by resolution, that (i) it is necessary | 2 | | to build and equip a new junior high school building, | 3 | | build and equip a new transportation building, and build | 4 | | and equip additions to, renovate, and make site | 5 | | improvements at the Lincoln Trail Elementary building, | 6 | | Middletown Prairie Elementary building, and | 7 | | Mahomet-Seymour High School building and (ii) the issuance | 8 | | of bonds is authorized by a statute that exempts the debt | 9 | | incurred on the bonds from the district's statutory debt | 10 | | limitation. | 11 | | (3) The bonds are issued, in one or more issuances, | 12 | | not later than 5 years after the date of the referendum | 13 | | approving the issuance of the bonds, but the aggregate | 14 | | principal amount issued in all such bond issuances | 15 | | combined must not exceed $97,900,000. | 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 the projects approved by the voters at an election | 20 | | held on or after June 28, 2022. | 21 | | The debt incurred on any bonds issued under this | 22 | | subsection (p-190) and on any bonds issued to refund or | 23 | | continue to refund such bonds shall not be considered | 24 | | indebtedness for purposes of any statutory debt limitation. | 25 | | Bonds issued under this subsection (p-190) and any bonds | 26 | | issued to refund or continue to refund such bonds must mature |
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| 1 | | within not to exceed 25 years from their date, notwithstanding | 2 | | any other law, including Section 19-3 of this Code, to the | 3 | | contrary. | 4 | | (p-195) In addition to all other authority to issue bonds, | 5 | | New Berlin Community Unit School District 16 may issue bonds | 6 | | with an aggregate principal amount not to exceed $23,500,000, | 7 | | 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 June | 10 | | 28, 2022. | 11 | | (2) Prior to the issuance of the bonds, the school | 12 | | board determines, by resolution, that (i) it is necessary | 13 | | to alter, repair, and equip the junior/senior high school | 14 | | building, including creating new classroom, gym, and other | 15 | | instructional spaces, renovating the J.V. Kirby Pretzel | 16 | | Dome, improving heating, cooling, and ventilation systems, | 17 | | installing school safety and security improvements, | 18 | | removing asbestos, and making site improvements, and (ii) | 19 | | the issuance of bonds is authorized by a statute that | 20 | | exempts the debt incurred on the bonds from the district's | 21 | | statutory debt limitation. | 22 | | (3) The bonds are issued, in one or more issuances, | 23 | | not later than 5 years after the date of the referendum | 24 | | approving the issuance of the bonds, but the aggregate | 25 | | principal amount issued in all such bond issuances | 26 | | combined must not exceed $23,500,000. |
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| 1 | | (4) The bonds are issued in accordance with this | 2 | | Article. | 3 | | (5) The proceeds of the bonds are used to accomplish | 4 | | only the projects approved by the voters at an election | 5 | | held on or after June 28, 2022. | 6 | | The debt incurred on any bonds issued under this | 7 | | subsection (p-195) and on any bonds issued to refund or | 8 | | continue to refund such bonds shall not be considered | 9 | | indebtedness for purposes of any statutory debt limitation. | 10 | | Bonds issued under this subsection (p-195) and any bonds | 11 | | issued to refund or continue to refund such bonds must mature | 12 | | within not to exceed 25 years from their date, notwithstanding | 13 | | any other law, including Section 19-3 of this Code, to the | 14 | | contrary. | 15 | | (p-200) In addition to all other authority to issue bonds, | 16 | | Highland Community Unit School District 5 may issue bonds with | 17 | | an aggregate principal amount not to exceed $40,000,000, but | 18 | | only if all the following conditions are met: | 19 | | (1) The voters of the district approve a proposition | 20 | | for the bond issuance at an election held on or after June | 21 | | 28, 2022. | 22 | | (2) Prior to the issuance of the bonds, the school | 23 | | board determines, by resolution, that (i) it is necessary | 24 | | to improve the sites of, build, and equip a new primary | 25 | | school building and build and equip additions to and | 26 | | alter, repair, and equip existing school buildings and |
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| 1 | | (ii) 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 $40,000,000. | 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 the projects approved by the voters at an election | 13 | | held on or after June 28, 2022. | 14 | | The debt incurred on any bonds issued under this | 15 | | subsection (p-200) and on any bonds issued to refund or | 16 | | continue to refund such bonds shall not be considered | 17 | | indebtedness for purposes of any statutory debt limitation. | 18 | | Bonds issued under this subsection (p-200) and any bonds | 19 | | issued to refund or continue to refund such bonds must mature | 20 | | within not to exceed 25 years from their date, notwithstanding | 21 | | any other law, including Section 19-3 of this Code, to the | 22 | | contrary. | 23 | | (p-205) In addition to all other authority to issue bonds, | 24 | | Sullivan Community Unit School District 300 may issue bonds | 25 | | with an aggregate principal amount not to exceed $25,000,000, | 26 | | but only if all of the following conditions are met: |
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| 1 | | (1) The voters of the district approve a proposition | 2 | | for the bond issuance at an election held on or after June | 3 | | 28, 2022. | 4 | | (2) Prior to the issuance of the bonds, the school | 5 | | board determines, by resolution, that (i) the projects set | 6 | | forth in the proposition for the issuance of the bonds are | 7 | | required because of the age, condition, or capacity of the | 8 | | school district's existing school buildings and (ii) the | 9 | | issuance of bonds is authorized by a statute that exempts | 10 | | the debt incurred on the bonds from the district's | 11 | | statutory debt 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 $25,000,000. | 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 June 28, 2022. | 22 | | The debt incurred on any bonds issued under this | 23 | | subsection (p-205) and on any bonds issued to refund or | 24 | | continue to refund such bonds shall not be considered | 25 | | indebtedness for purposes of any statutory debt limitation. | 26 | | Bonds issued under this subsection (p-205) and any bonds |
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| 1 | | issued to refund or continue to refund such bonds must mature | 2 | | within not to exceed 25 years from their date, notwithstanding | 3 | | any other law, including Section 19-3 of this Code, to the | 4 | | contrary. | 5 | | (p-210) In addition to all other authority to issue bonds, | 6 | | Manhattan School District 114 may issue bonds with an | 7 | | aggregate principal amount not to exceed $85,000,000, but only | 8 | | if all the following conditions are met: | 9 | | (1) The voters of the district approve a proposition | 10 | | for the bond issuance at an election held on or after June | 11 | | 28, 2022. | 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, condition, or capacity of | 16 | | the 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 issuances of the bonds, but the aggregate | 20 | | principal amount issued in all such bond issuances | 21 | | combined must not exceed $85,000,000. | 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 or after June 28, 2022. |
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| 1 | | The debt incurred on any bonds issued under this | 2 | | subsection (p-210) and on any bonds issued to refund or | 3 | | continue to refund such bonds shall not be considered | 4 | | indebtedness for purposes of any statutory debt limitation. | 5 | | Bonds issued under this subsection (p-210) and any bonds | 6 | | issued to refund or continue to refund such bonds must mature | 7 | | within not to exceed 30 years from their date, notwithstanding | 8 | | any other law, including Section 19-3 of this Code, to the | 9 | | contrary. | 10 | | (p-215) In addition to all other authority to issue bonds, | 11 | | Golf Elementary School District 67 may issue bonds with an | 12 | | aggregate principal amount not to exceed $56,000,000, but only | 13 | | if 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 June | 16 | | 28, 2022. | 17 | | (2) Prior to the issuance of the bonds, the school | 18 | | board determines, by resolution, that (i) it is necessary | 19 | | to build and equip a new school building and improve the | 20 | | site thereof and (ii) the issuance of bonds is authorized | 21 | | by a statute that exempts the debt incurred on the bonds | 22 | | from the district's statutory debt limitation. | 23 | | (3) The bonds are issued, in one or more issuances, | 24 | | not later than 5 years after the date of the referendum | 25 | | approving the issuance of the bonds, but the aggregate | 26 | | principal amount issued in all such bond issuances |
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| 1 | | combined must not exceed $56,000,000. | 2 | | (4) The bonds are issued in accordance with this | 3 | | Article. | 4 | | (5) The proceeds of the bonds are used to accomplish | 5 | | only the projects approved by the voters at an election | 6 | | held on or after June 28, 2022. | 7 | | The debt incurred on any bonds issued under this | 8 | | subsection (p-215) and on any bonds issued to refund or | 9 | | continue to refund such bonds shall not be considered | 10 | | indebtedness for purposes of any statutory debt limitation. | 11 | | Bonds issued under this subsection (p-215) and any bonds | 12 | | issued to refund or continue to refund such bonds must mature | 13 | | within not to exceed 25 years from their date, notwithstanding | 14 | | any other law, including Section 19-3 of this Code, to the | 15 | | contrary. | 16 | | (p-220) In addition to all other authority to issue bonds, | 17 | | Joliet Public Schools District 86 may issue bonds with an | 18 | | aggregate principal amount not to exceed $99,500,000, but only | 19 | | if all the following conditions are met: | 20 | | (1) The voters of the district approve a proposition | 21 | | for the bond issuance at an election held on or after April | 22 | | 4, 2023. | 23 | | (2) Prior to the issuance of the bonds, the school | 24 | | board determines, by resolution, that the projects set | 25 | | forth in the proposition for the bond issuance were and | 26 | | are required because of the age and condition of the |
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| 1 | | school district's existing school buildings. | 2 | | (3) The bonds are issued, in one or more issuances, | 3 | | not later than 5 years after the date of the referendum | 4 | | approving the issuance of the bonds, but the aggregate | 5 | | principal amount issued in all such bond issuances | 6 | | combined must not exceed $99,500,000. | 7 | | (4) The bonds are issued in accordance with this | 8 | | Article. | 9 | | (5) The proceeds of the bonds are used to accomplish | 10 | | only the projects approved by the voters at an election | 11 | | held on or after April 4, 2023. | 12 | | The debt incurred on any bonds issued under this | 13 | | subsection (p-220) and on any bonds issued to refund or | 14 | | continue to refund such bonds shall not be considered | 15 | | indebtedness for purposes of any statutory debt limitation. | 16 | | Bonds issued under this subsection (p-220) and any bonds | 17 | | issued to refund or continue to refund such bonds must mature | 18 | | within not to exceed 25 years from their date, notwithstanding | 19 | | any other law, including Section 19-3 of this Code, to the | 20 | | contrary. | 21 | | (p-225) In addition to all other authority to issue bonds, | 22 | | Central Community Unit School District 301 may issue bonds | 23 | | with an aggregate principal amount not to exceed $195,000,000, | 24 | | but only if all the following conditions are met: | 25 | | (1) The voters of the district approve a proposition | 26 | | for the bond issuance at an election held on or after April |
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| 1 | | 4, 2023. | 2 | | (2) Prior to the issuance of the bonds, the school | 3 | | board determines, by resolution, that the projects set | 4 | | forth in the proposition for the bond issuance are | 5 | | necessary because of the capacity of the school district's | 6 | | existing school buildings. | 7 | | (3) The bonds are issued, in one or more issuances, | 8 | | not later than 5 years after the date of the referendum | 9 | | approving the issuance of the bonds, but the aggregate | 10 | | principal amount issued in all such bond issuances | 11 | | combined must not exceed $195,000,000. | 12 | | (4) The bonds are issued in accordance with this | 13 | | Article. | 14 | | (5) The proceeds of the bonds are used to accomplish | 15 | | only the projects approved by the voters at an election | 16 | | held on or after April 4, 2023. | 17 | | The debt incurred on any bonds issued under this | 18 | | subsection (p-225) and on any bonds issued to refund or | 19 | | continue to refund such bonds shall not be considered | 20 | | indebtedness for purposes of any statutory debt limitation. | 21 | | Bonds issued under this subsection (p-225) and any bonds | 22 | | issued to refund or continue to refund such bonds must mature | 23 | | within not to exceed 25 years from their date, notwithstanding | 24 | | any other law, including Section 19-3 of this Code, to the | 25 | | contrary. | 26 | | (p-230) In addition to all other authority to issue bonds, |
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| 1 | | Freeburg Community High School District 77 may issue bonds | 2 | | with an aggregate principal amount not to exceed $10,000,000, | 3 | | but only if all the following conditions are met: | 4 | | (1) The voters of the district approve a proposition | 5 | | for the bond issuance at an election held on or after April | 6 | | 4, 2023. | 7 | | (2) Prior to the issuance of the bonds, the school | 8 | | board determines, by resolution, that the projects set | 9 | | forth in the proposition for the bond issuance are | 10 | | necessary because of the capacity of the school district's | 11 | | existing school buildings. | 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 $10,000,000. | 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 April 4, 2023. | 22 | | The debt incurred on any bonds issued under this | 23 | | subsection (p-230) and on any bonds issued to refund or | 24 | | continue to refund such bonds shall not be considered | 25 | | indebtedness for purposes of any statutory debt limitation. | 26 | | Bonds issued under this subsection (p-230) and any bonds |
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| 1 | | issued to refund or continue to refund such bonds must mature | 2 | | within not to exceed 30 years from their date, notwithstanding | 3 | | any other law, including Section 19-3 of this Code, to the | 4 | | contrary. | 5 | | (p-235) In addition to all other authority to issue bonds, | 6 | | Mundelein Consolidated High School District 120 may issue | 7 | | bonds with an aggregate principal amount not to exceed | 8 | | $175,000,000, but only if all the following conditions are | 9 | | met: | 10 | | (1) The voters of the district approve a proposition | 11 | | for the bond issuance at an election held on or after April | 12 | | 4, 2023. | 13 | | (2) Prior to the issuance of the bonds, the school | 14 | | board determines, by resolution, that the projects set | 15 | | forth in the proposition for the bond issuance are | 16 | | necessary because of the capacity of the school district's | 17 | | existing school buildings. | 18 | | (3) The bonds are issued, in one or more issuances, | 19 | | not later than 5 years after the date of the referendum | 20 | | approving the issuance of the bonds, but the aggregate | 21 | | principal amount issued in all such bond issuances | 22 | | combined must not exceed $175,000,000. | 23 | | (4) The bonds are issued in accordance with this | 24 | | Article. | 25 | | (5) The proceeds of the bonds are used to accomplish | 26 | | only the projects approved by the voters at an election |
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| 1 | | held on or after April 4, 2023. | 2 | | The debt incurred on any bonds issued under this | 3 | | subsection (p-235) and on any bonds issued to refund or | 4 | | continue to refund such bonds shall not be considered | 5 | | indebtedness for purposes of any statutory debt limitation. | 6 | | Bonds issued under this subsection (p-235) and any bonds | 7 | | issued to refund or continue to refund such bonds must mature | 8 | | within not to exceed 30 years from their date, notwithstanding | 9 | | any other law, including Section 19-3 of this Code, to the | 10 | | contrary. | 11 | | (p-240) In addition to all other authority to issue bonds, | 12 | | Washington School District 52 may issue bonds with an | 13 | | aggregate principal amount not to exceed $20,000,000, but only | 14 | | if all the following conditions are met: | 15 | | (1) The voters of the district approve a proposition | 16 | | for the bond issuance at an election held on or after April | 17 | | 4, 2023. | 18 | | (2) Prior to the issuance of the bonds, the school | 19 | | board determines, by resolution, that the projects set | 20 | | forth in the proposition for the bond issuance were and | 21 | | are required because of the age, condition, or capacity of | 22 | | the school district's existing school buildings. | 23 | | (3) The bonds are issued in one or more issuances, but | 24 | | the aggregate principal amount issued in all such bond | 25 | | issuances combined must not exceed $20,000,000. | 26 | | (4) The bonds are issued in accordance with this |
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| 1 | | Article. | 2 | | (5) The proceeds of the bonds are used to accomplish | 3 | | only the projects approved by the voters at an election | 4 | | held on or after April 4, 2023. | 5 | | The debt incurred on any bonds issued under this | 6 | | subsection (p-240) and on any bonds issued to refund or | 7 | | continue to refund such bonds shall not be considered | 8 | | indebtedness for purposes of any statutory debt limitation. | 9 | | Bonds issued under this subsection (p-240) and any bonds | 10 | | issued to refund or continue to refund such bonds must mature | 11 | | within not to exceed 25 years from their date, notwithstanding | 12 | | any other law, including Section 19-3 of this Code, to the | 13 | | contrary. | 14 | | (q) A school district must notify the State Board of | 15 | | Education prior to issuing any form of long-term or short-term | 16 | | debt that will result in outstanding debt that exceeds 75% of | 17 | | the debt limit specified in this Section or any other | 18 | | provision of law.
| 19 | | (Source: P.A. 101-646, eff. 6-26-20; 102-316, eff. 8-6-21; | 20 | | 102-949, eff. 5-27-22.)".
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