Full Text of HB2898 101st General Assembly
HB2898 101ST GENERAL ASSEMBLY |
| | 101ST GENERAL ASSEMBLY
State of Illinois
2019 and 2020 HB2898 Introduced , by Rep. William Davis SYNOPSIS AS INTRODUCED: |
| 30 ILCS 105/6z-45 | | 30 ILCS 350/16.5 | | 105 ILCS 5/19-1 | | 105 ILCS 230/5-5 | | 105 ILCS 230/5-10 | | 105 ILCS 230/5-15 | | 105 ILCS 230/5-20 | | 105 ILCS 230/5-25 | | 105 ILCS 230/5-30 | | 105 ILCS 230/5-35 | | 105 ILCS 230/5-50 | | 105 ILCS 230/5-100 | | 105 ILCS 230/5-450 new | | 105 ILCS 230/5-37 rep. | | 105 ILCS 230/5-38 rep. | | 105 ILCS 230/5-45 rep. | | 105 ILCS 230/5-57 rep. | |
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Amends the School Construction Law. Makes changes concerning the definition of "grant index", priority order and calculation of the grant index, grant applications and district facilities plans, eligibility and project standards, the priority of school construction projects, school construction project grant amounts and use, and school maintenance project grants. Removes references relating to grant entitlements. Repeals provisions concerning carry over projects, Fiscal Year 2002 escalation, debt service grants, and changes in the administration of powers. Makes related changes in the State Finance Act and the School Code.
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| | A BILL FOR |
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| 1 | | AN ACT concerning education.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The State Finance Act is amended by changing | 5 | | Section 6z-45 as follows:
| 6 | | (30 ILCS 105/6z-45)
| 7 | | Sec. 6z-45. The School Infrastructure Fund.
| 8 | | (a) The School Infrastructure Fund is created as a special | 9 | | fund
in the State Treasury.
| 10 | | In addition to any other deposits authorized by law, | 11 | | beginning January
1, 2000, on the first day of each month, or | 12 | | as soon thereafter as may be
practical, the State Treasurer and | 13 | | State Comptroller shall transfer the sum of
$5,000,000 from the | 14 | | General Revenue Fund to the School Infrastructure Fund, except | 15 | | that, notwithstanding any other provision of law, and in | 16 | | addition to any other transfers that may be provided for by | 17 | | law, before June 30, 2012, the Comptroller and the Treasurer | 18 | | shall transfer $45,000,000 from the General Revenue Fund into | 19 | | the School Infrastructure Fund, and, for fiscal year 2013 only, | 20 | | the Treasurer and the Comptroller shall transfer $1,250,000 | 21 | | from the General Revenue Fund to the School Infrastructure Fund | 22 | | on the first day of each month;
provided, however, that no such | 23 | | transfers shall be made from July 1, 2001
through June 30, |
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| 1 | | 2003.
| 2 | | (a-5) Money in the School Infrastructure Fund may be used | 3 | | to pay the expenses of the State Board of Education, the | 4 | | Governor's Office of Management and Budget, and the Capital | 5 | | Development Board in administering programs under the School | 6 | | Construction Law, the total expenses not to exceed $1,315,000 | 7 | | in any fiscal year. | 8 | | (b) Subject to the transfer provisions set forth below, | 9 | | money in the
School Infrastructure Fund shall, if and when the | 10 | | State of Illinois incurs
any bonded indebtedness for the | 11 | | construction of school improvements under subsection (e) of | 12 | | Section 5 of the General Obligation Bond Act, be set aside and | 13 | | used for the purpose of
paying and discharging annually the | 14 | | principal and interest on that bonded
indebtedness then due and | 15 | | payable, and for no other purpose.
| 16 | | In addition to other transfers to the General Obligation | 17 | | Bond Retirement and
Interest Fund made pursuant to Section 15 | 18 | | of the General Obligation Bond Act,
upon each delivery of bonds | 19 | | issued for construction of school improvements
under the School | 20 | | Construction Law, the State Comptroller shall
compute and | 21 | | certify to the State Treasurer the total amount of principal | 22 | | of,
interest on, and premium, if any, on such bonds during the | 23 | | then current and
each succeeding fiscal year.
With respect to | 24 | | the interest payable on variable rate bonds, such
| 25 | | certifications shall be calculated at the maximum rate of | 26 | | interest that
may be payable during the fiscal year, after |
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| 1 | | taking into account any credits
permitted in the related | 2 | | indenture or other instrument against the amount of
such | 3 | | interest required to be appropriated for that period.
| 4 | | On or before the last day of each month, the State | 5 | | Treasurer and State
Comptroller shall transfer from the School | 6 | | Infrastructure Fund to the General
Obligation Bond Retirement | 7 | | and Interest Fund an amount sufficient to pay the
aggregate of | 8 | | the principal of, interest on, and premium, if any, on the | 9 | | bonds
payable on their next payment date, divided by the number | 10 | | of monthly transfers
occurring between the last previous | 11 | | payment date (or the delivery date if no
payment date has yet | 12 | | occurred) and the next succeeding payment date.
Interest | 13 | | payable on variable rate bonds shall be calculated at the | 14 | | maximum
rate of interest that may be payable for the relevant | 15 | | period, after taking into
account any credits permitted in the | 16 | | related indenture or other instrument
against the amount of | 17 | | such interest required to be appropriated for that
period.
| 18 | | Interest for which moneys have already been deposited into the | 19 | | capitalized
interest account within the General Obligation | 20 | | Bond Retirement and Interest
Fund shall not be included in the | 21 | | calculation of the amounts to be transferred
under this | 22 | | subsection.
| 23 | | (b-5) The money deposited into the School Infrastructure | 24 | | Fund from transfers pursuant to subsections (c-30) and (c-35) | 25 | | of Section 13 of the Riverboat Gambling Act shall be applied, | 26 | | without further direction, as provided in subsection (b-3) of |
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| 1 | | Section 5-35 of the School Construction Law. | 2 | | (c) The surplus, if any, in the School Infrastructure Fund | 3 | | after payments made pursuant to subsections (a-5), (b), and | 4 | | (b-5) of this Section shall, subject to appropriation, be used | 5 | | as follows:
| 6 | | First - to make 3 payments to the School Technology | 7 | | Revolving Loan Fund as
follows:
| 8 | | Transfer of $30,000,000 in fiscal year 1999;
| 9 | | Transfer of $20,000,000 in fiscal year 2000; and
| 10 | | Transfer of $10,000,000 in fiscal year 2001.
| 11 | | Second - to pay any amounts due for grants for school | 12 | | construction projects
and debt service under the School | 13 | | Construction Law.
| 14 | | Third - to pay any amounts due for grants for school | 15 | | maintenance projects
under the School Construction Law.
| 16 | | (Source: P.A. 100-23, eff. 7-6-17.)
| 17 | | Section 10. The Local Government Debt Reform Act is amended | 18 | | by changing Section 16.5 as follows:
| 19 | | (30 ILCS 350/16.5)
| 20 | | Sec. 16.5. Proposition for bonds. For all elections held | 21 | | after July 1,
2000, the form of a proposition to authorize the | 22 | | issuance of bonds pursuant to
either a referendum or backdoor | 23 | | referendum may be as set forth in this Section
as an | 24 | | alternative to the form of proposition as otherwise set forth |
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| 1 | | by
applicable law. The proposition authorized by this Section | 2 | | shall be in
substantially the following form:
| 3 | | Shall (name of governmental unit) (state purpose for | 4 | | the bond issue) and
issue its bonds to the amount of $ | 5 | | (state amount) for the purpose of paying the
costs thereof?
| 6 | | If a school district expects to receive a school | 7 | | construction grant from
the State of Illinois pursuant to the | 8 | | School Construction Law for a school
construction project to be | 9 | | financed in part with proceeds of a bond authorized
by | 10 | | referendum, then the form of proposition may at the option of | 11 | | the school
district additionally contain substantially the | 12 | | following language:
| 13 | | (Name of school district) expects to receive a school | 14 | | construction grant
from the State of Illinois in the amount
| 15 | | of
$ (state amount) pursuant to the
School Construction Law | 16 | | for the school construction project to be financed in
part | 17 | | with proceeds of the bonds, based on (i) a grant index | 18 | | entitlement from the
State Board of Education and (ii) | 19 | | current recognized project costs determined
by the Capital | 20 | | Development Board.
| 21 | | (Source: P.A. 91-868, eff. 6-22-00; 92-879, eff. 1-13-03.)
| 22 | | Section 15. The School Code is amended by changing Section | 23 | | 19-1 as follows:
| 24 | | (105 ILCS 5/19-1)
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| 1 | | Sec. 19-1. Debt limitations of school districts.
| 2 | | (a) School districts shall not be subject to the provisions | 3 | | limiting their
indebtedness prescribed in the Local Government | 4 | | Debt Limitation Act.
| 5 | | No school districts maintaining grades K through 8 or 9 | 6 | | through 12
shall become indebted in any manner or for any | 7 | | purpose to an amount,
including existing indebtedness, in the | 8 | | aggregate exceeding 6.9% on the
value of the taxable property | 9 | | therein to be ascertained by the last assessment
for State and | 10 | | county taxes or, until January 1, 1983, if greater, the sum | 11 | | that
is produced by multiplying the school district's 1978 | 12 | | equalized assessed
valuation by the debt limitation percentage | 13 | | in effect on January 1, 1979,
previous to the incurring of such | 14 | | indebtedness.
| 15 | | No school districts maintaining grades K through 12 shall | 16 | | become
indebted in any manner or for any purpose to an amount, | 17 | | including
existing indebtedness, in the aggregate exceeding | 18 | | 13.8% on the value of
the taxable property therein to be | 19 | | ascertained by the last assessment
for State and county taxes | 20 | | or, until January 1, 1983, if greater, the sum that
is produced | 21 | | by multiplying the school district's 1978 equalized assessed
| 22 | | valuation by the debt limitation percentage in effect on | 23 | | January 1, 1979,
previous to the incurring of such | 24 | | indebtedness.
| 25 | | No partial elementary unit district, as defined in Article | 26 | | 11E of this Code, shall become indebted in any manner or for |
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| 1 | | any purpose in an amount, including existing indebtedness, in | 2 | | the aggregate exceeding 6.9% of the value of the taxable | 3 | | property of the entire district, to be ascertained by the last | 4 | | assessment for State and county taxes, plus an amount, | 5 | | including existing indebtedness, in the aggregate exceeding | 6 | | 6.9% of the value of the taxable property of that portion of | 7 | | the district included in the elementary and high school | 8 | | classification, to be ascertained by the last assessment for | 9 | | State and county taxes. Moreover, no partial elementary unit | 10 | | district, as defined in Article 11E of this Code, shall become | 11 | | indebted on account of bonds issued by the district for high | 12 | | school purposes in the aggregate exceeding 6.9% of the value of | 13 | | the taxable property of the entire district, to be ascertained | 14 | | by the last assessment for State and county taxes, nor shall | 15 | | the district become indebted on account of bonds issued by the | 16 | | district for elementary purposes in the aggregate exceeding | 17 | | 6.9% of the value of the taxable property for that portion of | 18 | | the district included in the elementary and high school | 19 | | classification, to be ascertained by the last assessment for | 20 | | State and county taxes.
| 21 | | Notwithstanding the provisions of any other law to the | 22 | | contrary, in any
case in which the voters of a school district | 23 | | have approved a proposition
for the issuance of bonds of such | 24 | | school district at an election held prior
to January 1, 1979, | 25 | | and all of the bonds approved at such election have
not been | 26 | | issued, the debt limitation applicable to such school district
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| 1 | | during the calendar year 1979 shall be computed by multiplying | 2 | | the value
of taxable property therein, including personal | 3 | | property, as ascertained
by the last assessment for State and | 4 | | county taxes, previous to the incurring
of such indebtedness, | 5 | | by the percentage limitation applicable to such school
district | 6 | | under the provisions of this subsection (a).
| 7 | | (a-5) After January 1, 2018, no school district may issue | 8 | | bonds under Sections 19-2 through 19-7 of this Code and rely on | 9 | | an exception to the debt limitations in this Section unless it | 10 | | has complied with the requirements of Section 21 of the Bond | 11 | | Issue Notification Act and the bonds have been approved by | 12 | | referendum. | 13 | | (b) Notwithstanding the debt limitation prescribed in | 14 | | subsection (a)
of this Section, additional indebtedness may be | 15 | | incurred in an amount
not to exceed the estimated cost of | 16 | | acquiring or improving school sites
or constructing and | 17 | | equipping additional building facilities under the
following | 18 | | conditions:
| 19 | | (1) Whenever the enrollment of students for the next | 20 | | school year is
estimated by the board of education to | 21 | | increase over the actual present
enrollment by not less | 22 | | than 35% or by not less than 200 students or the
actual | 23 | | present enrollment of students has increased over the | 24 | | previous
school year by not less than 35% or by not less | 25 | | than 200 students and
the board of education determines | 26 | | that additional school sites or
building facilities are |
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| 1 | | required as a result of such increase in
enrollment; and
| 2 | | (2) When the Regional Superintendent of Schools having | 3 | | jurisdiction
over the school district and the State | 4 | | Superintendent of Education
concur in such enrollment | 5 | | projection or increase and approve the need
for such | 6 | | additional school sites or building facilities and the
| 7 | | estimated cost thereof; and
| 8 | | (3) When the voters in the school district approve a | 9 | | proposition for
the issuance of bonds for the purpose of | 10 | | acquiring or improving such
needed school sites or | 11 | | constructing and equipping such needed additional
building | 12 | | facilities at an election called and held for that purpose.
| 13 | | Notice of such an election shall state that the amount of | 14 | | indebtedness
proposed to be incurred would exceed the debt | 15 | | limitation otherwise
applicable to the school district. | 16 | | The ballot for such proposition
shall state what percentage | 17 | | of the equalized assessed valuation will be
outstanding in | 18 | | bonds if the proposed issuance of bonds is approved by
the | 19 | | voters; or
| 20 | | (4) Notwithstanding the provisions of paragraphs (1) | 21 | | through (3) of
this subsection (b), if the school board | 22 | | determines that additional
facilities are needed to | 23 | | provide a quality educational program and not
less than 2/3 | 24 | | of those voting in an election called by the school board
| 25 | | on the question approve the issuance of bonds for the | 26 | | construction of
such facilities, the school district may |
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| 1 | | issue bonds for this
purpose; or
| 2 | | (5) Notwithstanding the provisions of paragraphs (1) | 3 | | through (3) of this
subsection (b), if (i) the school | 4 | | district has previously availed itself of the
provisions of | 5 | | paragraph (4) of this subsection (b) to enable it to issue | 6 | | bonds,
(ii) the voters of the school district have not | 7 | | defeated a proposition for the
issuance of bonds since the | 8 | | referendum described in paragraph (4) of this
subsection | 9 | | (b) was held, (iii) the school board determines that | 10 | | additional
facilities are needed to provide a quality | 11 | | educational program, and (iv) a
majority of those voting in | 12 | | an election called by the school board on the
question | 13 | | approve the issuance of bonds for the construction of such | 14 | | facilities,
the school district may issue bonds for this | 15 | | purpose.
| 16 | | In no event shall the indebtedness incurred pursuant to | 17 | | this
subsection (b) and the existing indebtedness of the school | 18 | | district
exceed 15% of the value of the taxable property | 19 | | therein to be
ascertained by the last assessment for State and | 20 | | county taxes, previous
to the incurring of such indebtedness | 21 | | or, until January 1, 1983, if greater,
the sum that is produced | 22 | | by multiplying the school district's 1978 equalized
assessed | 23 | | valuation by the debt limitation percentage in effect on | 24 | | January 1,
1979.
| 25 | | The indebtedness provided for by this subsection (b) shall | 26 | | be in
addition to and in excess of any other debt limitation.
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| 1 | | (c) Notwithstanding the debt limitation prescribed in | 2 | | subsection (a)
of this Section, in any case in which a public | 3 | | question for the issuance
of bonds of a proposed school | 4 | | district maintaining grades kindergarten
through 12 received | 5 | | at least 60% of the valid ballots cast on the question at
an | 6 | | election held on or prior to November 8, 1994, and in which the | 7 | | bonds
approved at such election have not been issued, the | 8 | | school district pursuant to
the requirements of Section 11A-10 | 9 | | (now repealed) may issue the total amount of bonds approved
at | 10 | | such election for the purpose stated in the question.
| 11 | | (d) Notwithstanding the debt limitation prescribed in | 12 | | subsection (a)
of this Section, a school district that meets | 13 | | all the criteria set forth in
paragraphs (1) and (2) of this | 14 | | subsection (d) may incur an additional
indebtedness in an | 15 | | amount not to exceed $4,500,000, even though the amount of
the | 16 | | additional indebtedness authorized by this subsection (d), | 17 | | when incurred
and added to the aggregate amount of indebtedness | 18 | | of the district existing
immediately prior to the district | 19 | | incurring the additional indebtedness
authorized by this | 20 | | subsection (d), causes the aggregate indebtedness of the
| 21 | | district to exceed the debt limitation otherwise applicable to | 22 | | that district
under subsection (a):
| 23 | | (1) The additional indebtedness authorized by this | 24 | | subsection (d) is
incurred by the school district through | 25 | | the issuance of bonds under and in
accordance with Section | 26 | | 17-2.11a for the purpose of replacing a school
building |
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| 1 | | which, because of mine subsidence damage, has been closed | 2 | | as provided
in paragraph (2) of this subsection (d) or | 3 | | through the issuance of bonds under
and in accordance with | 4 | | Section 19-3 for the purpose of increasing the size of,
or | 5 | | providing for additional functions in, such replacement | 6 | | school buildings, or
both such purposes.
| 7 | | (2) The bonds issued by the school district as provided | 8 | | in paragraph (1)
above are issued for the purposes of | 9 | | construction by the school district of
a new school | 10 | | building pursuant to Section 17-2.11, to replace an | 11 | | existing
school building that, because of mine subsidence | 12 | | damage, is closed as of the
end of the 1992-93 school year | 13 | | pursuant to action of the regional
superintendent of | 14 | | schools of the educational service region in which the
| 15 | | district is located under Section 3-14.22 or are issued for | 16 | | the purpose of
increasing the size of, or providing for | 17 | | additional functions in, the new
school building being | 18 | | constructed to replace a school building closed as the
| 19 | | result of mine subsidence damage, or both such purposes.
| 20 | | (e) (Blank).
| 21 | | (f) Notwithstanding the provisions of subsection (a) of | 22 | | this Section or of
any other law, bonds in not to exceed the | 23 | | aggregate amount of $5,500,000 and
issued by a school district | 24 | | meeting the following criteria shall not be
considered | 25 | | indebtedness for purposes of any statutory limitation and may | 26 | | be
issued in an amount or amounts, including existing |
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| 1 | | indebtedness, in excess of
any heretofore or hereafter imposed | 2 | | statutory limitation as to indebtedness:
| 3 | | (1) At the time of the sale of such bonds, the board of | 4 | | education of the
district shall have determined by | 5 | | resolution that the enrollment of students in
the district | 6 | | is projected to increase by not less than 7% during each of | 7 | | the
next succeeding 2 school years.
| 8 | | (2) The board of education shall also determine by | 9 | | resolution that the
improvements to be financed with the | 10 | | proceeds of the bonds are needed because
of the projected | 11 | | enrollment increases.
| 12 | | (3) The board of education shall also determine by | 13 | | resolution that the
projected increases in enrollment are | 14 | | the result of improvements made or
expected to be made to | 15 | | passenger rail facilities located in the school
district.
| 16 | | Notwithstanding the provisions of subsection (a) of this | 17 | | Section or of any other law, a school district that has availed | 18 | | itself of the provisions of this subsection (f) prior to July | 19 | | 22, 2004 (the effective date of Public Act 93-799) may also | 20 | | issue bonds approved by referendum up to an amount, including | 21 | | existing indebtedness, not exceeding 25% of the equalized | 22 | | assessed value of the taxable property in the district if all | 23 | | of the conditions set forth in items (1), (2), and (3) of this | 24 | | subsection (f) are met.
| 25 | | (g) Notwithstanding the provisions of subsection (a) of | 26 | | this Section or any
other law, bonds in not to exceed an |
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| 1 | | aggregate amount of 25% of the equalized
assessed value of the | 2 | | taxable property of a school district and issued by a
school | 3 | | district meeting the criteria in paragraphs (i) through (iv) of | 4 | | this
subsection shall not be considered indebtedness for | 5 | | purposes of any statutory
limitation and may be issued pursuant | 6 | | to resolution of the school board in an
amount or amounts, | 7 | | including existing indebtedness, in
excess of any statutory | 8 | | limitation of indebtedness heretofore or hereafter
imposed:
| 9 | | (i) The bonds are issued for the purpose of | 10 | | constructing a new high school
building to replace two | 11 | | adjacent existing buildings which together house a
single | 12 | | high school, each of which is more than 65 years old, and | 13 | | which together
are located on more than 10 acres and less | 14 | | than 11 acres of property.
| 15 | | (ii) At the time the resolution authorizing the | 16 | | issuance of the bonds is
adopted, the cost of constructing | 17 | | a new school building to replace the existing
school | 18 | | building is less than 60% of the cost of repairing the | 19 | | existing school
building.
| 20 | | (iii) The sale of the bonds occurs before July 1, 1997.
| 21 | | (iv) The school district issuing the bonds is a unit | 22 | | school district
located in a county of less than 70,000 and | 23 | | more than 50,000 inhabitants,
which has an average daily | 24 | | attendance of less than 1,500 and an equalized
assessed | 25 | | valuation of less than $29,000,000.
| 26 | | (h) Notwithstanding any other provisions of this Section or |
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| 1 | | the
provisions of any other law, until January 1, 1998, a | 2 | | community unit school
district maintaining grades K through 12 | 3 | | may issue bonds up to an amount,
including existing | 4 | | indebtedness, not exceeding 27.6% of the equalized assessed
| 5 | | value of the taxable property in the district, if all of the | 6 | | following
conditions are met:
| 7 | | (i) The school district has an equalized assessed | 8 | | valuation for calendar
year 1995 of less than $24,000,000;
| 9 | | (ii) The bonds are issued for the capital improvement, | 10 | | renovation,
rehabilitation, or replacement of existing | 11 | | school buildings of the district,
all of which buildings | 12 | | were originally constructed not less than 40 years ago;
| 13 | | (iii) The voters of the district approve a proposition | 14 | | for the issuance of
the bonds at a referendum held after | 15 | | March 19, 1996; and
| 16 | | (iv) The bonds are issued pursuant to Sections 19-2 | 17 | | through 19-7 of this
Code.
| 18 | | (i) Notwithstanding any other provisions of this Section or | 19 | | the provisions
of any other law, until January 1, 1998, a | 20 | | community unit school district
maintaining grades K through 12 | 21 | | may issue bonds up to an amount, including
existing | 22 | | indebtedness, not exceeding 27% of the equalized assessed value | 23 | | of the
taxable property in the district, if all of the | 24 | | following conditions are met:
| 25 | | (i) The school district has an equalized assessed | 26 | | valuation for calendar
year 1995 of less than $44,600,000;
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| 1 | | (ii) The bonds are issued for the capital improvement, | 2 | | renovation,
rehabilitation, or replacement
of existing | 3 | | school buildings of the district, all of which
existing | 4 | | buildings were originally constructed not less than 80 | 5 | | 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 | | December 31, 1996; and
| 9 | | (iv) The bonds are issued pursuant to Sections 19-2 | 10 | | through 19-7 of this
Code.
| 11 | | (j) Notwithstanding any other provisions of this Section or | 12 | | the
provisions of any other law, until January 1, 1999, 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
value | 16 | | of the taxable property in the district if all of the following
| 17 | | conditions are met:
| 18 | | (i) The school district has an equalized assessed | 19 | | valuation for calendar
year 1995 of less than $140,000,000 | 20 | | and a best 3 months
average daily
attendance for the | 21 | | 1995-96 school year of at least 2,800;
| 22 | | (ii) The bonds are issued to purchase a site and build | 23 | | and equip a new
high school, and the school district's | 24 | | existing high school was originally
constructed not less | 25 | | than 35
years prior to the sale of the bonds;
| 26 | | (iii) At the time of the sale of the bonds, the board |
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| 1 | | of education
determines
by resolution that a new high | 2 | | school is needed because of projected enrollment
| 3 | | increases;
| 4 | | (iv) At least 60% of those voting in an election held
| 5 | | after December 31, 1996 approve a proposition
for the | 6 | | issuance of
the bonds; and
| 7 | | (v) The bonds are issued pursuant to Sections 19-2 | 8 | | through
19-7 of this Code.
| 9 | | (k) Notwithstanding the debt limitation prescribed in | 10 | | subsection (a) of
this Section, a school district that meets | 11 | | all the criteria set forth in
paragraphs (1) through (4) of | 12 | | this subsection (k) may issue bonds to incur an
additional | 13 | | indebtedness in an amount not to exceed $4,000,000 even though | 14 | | the
amount of the additional indebtedness authorized by this | 15 | | subsection (k), when
incurred and added to the aggregate amount | 16 | | of indebtedness of the school
district existing immediately | 17 | | prior to the school district incurring such
additional | 18 | | indebtedness, causes the aggregate indebtedness of the school
| 19 | | district to exceed or increases the amount by which the | 20 | | aggregate indebtedness
of the district already exceeds the debt | 21 | | limitation otherwise applicable to
that school district under | 22 | | subsection (a):
| 23 | | (1) the school district is located in 2 counties, and a | 24 | | referendum to
authorize the additional indebtedness was | 25 | | approved by a majority of the voters
of the school district | 26 | | voting on the proposition to authorize that
indebtedness;
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| 1 | | (2) the additional indebtedness is for the purpose of | 2 | | financing a
multi-purpose room addition to the existing | 3 | | high school;
| 4 | | (3) the additional indebtedness, together with the | 5 | | existing indebtedness
of the school district, shall not | 6 | | exceed 17.4% of the value of the taxable
property in the | 7 | | school district, to be ascertained by the last assessment | 8 | | for
State and county taxes; and
| 9 | | (4) the bonds evidencing the additional indebtedness | 10 | | are issued, if at
all, within 120 days of August 14, 1998 | 11 | | (the effective date of Public Act 90-757).
| 12 | | (l) Notwithstanding any other provisions of this Section or | 13 | | the
provisions of any other law, until January 1, 2000, a | 14 | | school district
maintaining grades kindergarten through 8 may | 15 | | issue bonds up to an amount,
including existing indebtedness, | 16 | | not exceeding 15% of the equalized assessed
value of the | 17 | | taxable property in the district if all of the following
| 18 | | conditions are met:
| 19 | | (i) the district has an equalized assessed valuation | 20 | | for calendar year
1996 of less than $10,000,000;
| 21 | | (ii) the bonds are issued for capital improvement, | 22 | | renovation,
rehabilitation, or replacement of one or more | 23 | | school buildings of the district,
which buildings were | 24 | | originally constructed not less than 70 years ago;
| 25 | | (iii) the voters of the district approve a proposition | 26 | | for the issuance of
the bonds at a referendum held on or |
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| 1 | | after March 17, 1998; and
| 2 | | (iv) the bonds are issued pursuant to Sections 19-2 | 3 | | through 19-7 of this
Code.
| 4 | | (m) Notwithstanding any other provisions of this Section or | 5 | | the provisions
of
any other law, until January 1, 1999, an | 6 | | elementary school district maintaining
grades K through 8 may | 7 | | issue bonds up to an amount, excluding existing
indebtedness, | 8 | | not exceeding 18% of the equalized assessed value of the | 9 | | taxable
property in the district, if all of the following | 10 | | conditions are met:
| 11 | | (i) The school district has an equalized assessed | 12 | | valuation for calendar
year 1995 or less than $7,700,000;
| 13 | | (ii) The school district operates 2 elementary | 14 | | attendance centers that
until
1976 were operated as the | 15 | | attendance centers of 2 separate and distinct school
| 16 | | districts;
| 17 | | (iii) The bonds are issued for the construction of a | 18 | | new elementary school
building to replace an existing | 19 | | multi-level elementary school building of the
school | 20 | | district that is not accessible at all levels and parts of
| 21 | | which were constructed more than 75 years ago;
| 22 | | (iv) The voters of the school district approve a | 23 | | proposition for the
issuance of the bonds at a referendum | 24 | | held after July 1, 1998; and
| 25 | | (v) The bonds are issued pursuant to Sections 19-2 | 26 | | through 19-7 of this
Code.
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| 1 | | (n) Notwithstanding the debt limitation prescribed in | 2 | | subsection (a) of
this Section or any other provisions of this | 3 | | Section or of any other law, a
school district that meets all | 4 | | of the criteria set forth in paragraphs (i)
through (vi) of | 5 | | this subsection (n) may incur additional indebtedness by the
| 6 | | issuance of bonds in an amount not exceeding the amount | 7 | | certified by the
Capital Development Board to the school | 8 | | district as provided in paragraph (iii)
of
this subsection (n), | 9 | | even though the amount of the additional indebtedness so
| 10 | | authorized, when incurred and added to the aggregate amount of | 11 | | indebtedness of
the district existing immediately prior to the | 12 | | district incurring the
additional indebtedness authorized by | 13 | | this subsection (n), causes the aggregate
indebtedness of the | 14 | | district to exceed the debt limitation otherwise applicable
by | 15 | | law to that district:
| 16 | | (i) The school district applies to the State Board of | 17 | | Education for a
school construction project grant and | 18 | | submits a district facilities plan in
support
of its | 19 | | application pursuant to Section 5-20 of
the School | 20 | | Construction Law.
| 21 | | (ii) The school district's application and facilities | 22 | | plan are approved
by,
and the district receives a grant | 23 | | index entitlement for a school construction project
issued | 24 | | by, the State Board of Education under the School | 25 | | Construction Law.
| 26 | | (iii) The school district has exhausted its bonding |
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| 1 | | capacity or the unused
bonding capacity of the district is | 2 | | less than the amount certified by the
Capital Development | 3 | | Board to the district under Section 5-15 of the School
| 4 | | Construction Law as the dollar amount of the school | 5 | | construction project's cost
that the district will be | 6 | | required to finance with non-grant funds in order to
| 7 | | receive a school construction project grant under the | 8 | | School Construction Law.
| 9 | | (iv) The bonds are issued for a "school construction | 10 | | project", as that
term is defined in Section 5-5 of the | 11 | | School Construction Law, in an amount
that does not exceed | 12 | | the dollar amount certified, as provided in paragraph
(iii) | 13 | | of this subsection (n), by the Capital Development Board
to | 14 | | the school
district under Section 5-15 of the School | 15 | | Construction Law.
| 16 | | (v) The voters of the district approve a proposition | 17 | | for the issuance of
the bonds at a referendum held after | 18 | | the criteria specified in paragraphs (i)
and (iii) of this | 19 | | subsection (n) are met.
| 20 | | (vi) The bonds are issued pursuant to Sections 19-2 | 21 | | through 19-7 of the
School Code.
| 22 | | (o) Notwithstanding any other provisions of this Section or | 23 | | the
provisions of any other law, until November 1, 2007, a | 24 | | community unit
school district maintaining grades K through 12 | 25 | | may issue bonds up to
an amount, including existing | 26 | | indebtedness, not exceeding 20% of the
equalized assessed value |
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| 1 | | of the taxable property in the district if all of the
following | 2 | | conditions are met:
| 3 | | (i) the school district has an equalized assessed | 4 | | valuation
for calendar year 2001 of at least $737,000,000 | 5 | | and an enrollment
for the 2002-2003 school year of at least | 6 | | 8,500;
| 7 | | (ii) the bonds are issued to purchase school sites, | 8 | | build and
equip a new high school, build and equip a new | 9 | | junior high school,
build and equip 5 new elementary | 10 | | schools, and make technology
and other improvements and | 11 | | additions to existing schools;
| 12 | | (iii) at the time of the sale of the bonds, the board | 13 | | of
education determines by resolution that the sites and | 14 | | new or
improved facilities are needed because of projected | 15 | | enrollment
increases;
| 16 | | (iv) at least 57% of those voting in a general election | 17 | | held
prior to January 1, 2003 approved a proposition for | 18 | | the issuance of
the bonds; and
| 19 | | (v) the bonds are issued pursuant to Sections 19-2 | 20 | | through
19-7 of this Code.
| 21 | | (p) Notwithstanding any other provisions of this Section or | 22 | | the provisions of any other law, a community unit school | 23 | | district maintaining grades K through 12 may issue bonds up to | 24 | | an amount, including indebtedness, not exceeding 27% of the | 25 | | equalized assessed value of the taxable property in the | 26 | | district if all of the following conditions are met: |
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| 1 | | (i) The school district has an equalized assessed | 2 | | valuation for calendar year 2001 of at least $295,741,187 | 3 | | and a best 3 months' average daily attendance for the | 4 | | 2002-2003 school year of at least 2,394. | 5 | | (ii) The bonds are issued to build and equip 3 | 6 | | elementary school buildings; build and equip one middle | 7 | | school building; and alter, repair, improve, and equip all | 8 | | existing school buildings in the district. | 9 | | (iii) At the time of the sale of the bonds, the board | 10 | | of education determines by resolution that the project is | 11 | | needed because of expanding growth in the school district | 12 | | and a projected enrollment increase. | 13 | | (iv) The bonds are issued pursuant to Sections 19-2 | 14 | | through 19-7 of this Code.
| 15 | | (p-5) Notwithstanding any other provisions of this Section | 16 | | or the provisions of any other law, bonds issued by a community | 17 | | unit school district maintaining grades K through 12 shall not | 18 | | be considered indebtedness for purposes of any statutory | 19 | | limitation and may be issued in an amount or amounts, including | 20 | | existing indebtedness, in excess of any heretofore or hereafter | 21 | | imposed statutory limitation as to indebtedness, if all of the | 22 | | following conditions are met: | 23 | | (i) For each of the 4 most recent years, residential | 24 | | property comprises more than 80% of the equalized assessed | 25 | | valuation of the district. | 26 | | (ii) At least 2 school buildings that were constructed |
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| 1 | | 40 or more years prior to the issuance of the bonds will be | 2 | | demolished and will be replaced by new buildings or | 3 | | additions to one or more existing buildings. | 4 | | (iii) Voters of the district approve a proposition for | 5 | | the issuance of the bonds at a regularly scheduled | 6 | | election. | 7 | | (iv) At the time of the sale of the bonds, the school | 8 | | board determines by resolution that the new buildings or | 9 | | building additions are needed because of an increase in | 10 | | enrollment projected by the school board. | 11 | | (v) The principal amount of the bonds, including | 12 | | existing indebtedness, does not exceed 25% of the equalized | 13 | | assessed value of the taxable property in the district. | 14 | | (vi) The bonds are issued prior to January 1, 2007, | 15 | | pursuant to Sections 19-2 through 19-7 of this Code.
| 16 | | (p-10) Notwithstanding any other provisions of this | 17 | | Section or the provisions of any other law, bonds issued by a | 18 | | community consolidated school district maintaining grades K | 19 | | through 8 shall not be considered indebtedness for purposes of | 20 | | any statutory limitation and may be issued in an amount or | 21 | | amounts, including existing indebtedness, in excess of any | 22 | | heretofore or hereafter imposed statutory limitation as to | 23 | | indebtedness, if all of the following conditions are met: | 24 | | (i) For each of the 4 most recent years, residential | 25 | | and farm property comprises more than 80% of the equalized | 26 | | assessed valuation of the district. |
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| 1 | | (ii) The bond proceeds are to be used to acquire and | 2 | | improve school sites and build and equip a school building. | 3 | | (iii) Voters of the district approve a proposition for | 4 | | the issuance of the bonds at a regularly scheduled | 5 | | election. | 6 | | (iv) At the time of the sale of the bonds, the school | 7 | | board determines by resolution that the school sites and | 8 | | building additions are needed because of an increase in | 9 | | enrollment projected by the school board. | 10 | | (v) The principal amount of the bonds, including | 11 | | existing indebtedness, does not exceed 20% of the equalized | 12 | | assessed value of the taxable property in the district. | 13 | | (vi) The bonds are issued prior to January 1, 2007, | 14 | | pursuant to Sections 19-2 through 19-7 of this Code.
| 15 | | (p-15) In addition to all other authority to issue bonds, | 16 | | the Oswego Community Unit School District Number 308 may issue | 17 | | bonds with an aggregate principal amount not to exceed | 18 | | $450,000,000, but only if all of the following conditions are | 19 | | met: | 20 | | (i) The voters of the district have approved a | 21 | | proposition for the bond issue at the general election held | 22 | | on November 7, 2006. | 23 | | (ii) At the time of the sale of the bonds, the school | 24 | | board determines, by resolution, that: (A) the building and | 25 | | equipping of the new high school building, new junior high | 26 | | school buildings, new elementary school buildings, early |
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| 1 | | childhood building, maintenance building, transportation | 2 | | facility, and additions to existing school buildings, the | 3 | | altering, repairing, equipping, and provision of | 4 | | technology improvements to existing school buildings, and | 5 | | the acquisition and improvement of school sites, as the | 6 | | case may be, are required as a result of a projected | 7 | | increase in the enrollment of students in the district; and | 8 | | (B) the sale of bonds for these purposes is authorized by | 9 | | legislation that exempts the debt incurred on the bonds | 10 | | from the district's statutory debt limitation.
| 11 | | (iii) The bonds are issued, in one or more bond issues, | 12 | | on or before November 7, 2011, but the aggregate principal | 13 | | amount issued in all such bond issues combined must not | 14 | | exceed $450,000,000.
| 15 | | (iv) The bonds are issued in accordance with this | 16 | | Article 19. | 17 | | (v) The proceeds of the bonds are used only to | 18 | | accomplish those projects approved by the voters at the | 19 | | general election held on November 7, 2006. | 20 | | The debt incurred on any bonds issued under this subsection | 21 | | (p-15) shall not be considered indebtedness for purposes of any | 22 | | statutory debt limitation.
| 23 | | (p-20) In addition to all other authority to issue bonds, | 24 | | the Lincoln-Way Community High School District Number 210 may | 25 | | issue bonds with an aggregate principal amount not to exceed | 26 | | $225,000,000, but only if all of the following conditions are |
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| 1 | | met: | 2 | | (i) The voters of the district have approved a | 3 | | proposition for the bond issue at the general primary | 4 | | election held on March 21, 2006. | 5 | | (ii) At the time of the sale of the bonds, the school | 6 | | board determines, by resolution, that: (A) the building and | 7 | | equipping of the new high school buildings, the altering, | 8 | | repairing, and equipping of existing school buildings, and | 9 | | the improvement of school sites, as the case may be, are | 10 | | required as a result of a projected increase in the | 11 | | enrollment of students in the district; and (B) the sale of | 12 | | bonds for these purposes is authorized by legislation that | 13 | | exempts the debt incurred on the bonds from the district's | 14 | | statutory debt limitation.
| 15 | | (iii) The bonds are issued, in one or more bond issues, | 16 | | on or before March 21, 2011, but the aggregate principal | 17 | | amount issued in all such bond issues combined must not | 18 | | exceed $225,000,000.
| 19 | | (iv) The bonds are issued in accordance with this | 20 | | Article 19. | 21 | | (v) The proceeds of the bonds are used only to | 22 | | accomplish those projects approved by the voters at the | 23 | | primary election held on March 21, 2006. | 24 | | The debt incurred on any bonds issued under this subsection | 25 | | (p-20) shall not be considered indebtedness for purposes of any | 26 | | statutory debt limitation.
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| 1 | | (p-25) In addition to all other authority to issue bonds, | 2 | | Rochester Community Unit School District 3A may issue bonds | 3 | | with an aggregate principal amount not to exceed $18,500,000, | 4 | | but only if all of the following conditions are met: | 5 | | (i) The voters of the district approve a proposition | 6 | | for the bond issuance at the general primary election held | 7 | | in 2008.
| 8 | | (ii) At the time of the sale of the bonds, the school | 9 | | board determines, by resolution, that: (A) the building and | 10 | | equipping of a new high school building; the addition of | 11 | | classrooms and support facilities at the high school, | 12 | | middle school, and elementary school; the altering, | 13 | | repairing, and equipping of existing school buildings; and | 14 | | the improvement of school sites, as the case may be, are | 15 | | required as a result of a projected increase in the | 16 | | enrollment of students in the district; and (B) the sale of | 17 | | bonds for these purposes is authorized by a law that | 18 | | exempts the debt incurred on the bonds from the district's | 19 | | statutory debt limitation. | 20 | | (iii) The bonds are issued, in one or more bond issues, | 21 | | on or before December 31, 2012, but the aggregate principal | 22 | | amount issued in all such bond issues combined must not | 23 | | exceed $18,500,000. | 24 | | (iv) The bonds are issued in accordance with this | 25 | | Article 19. | 26 | | (v) The proceeds of the bonds are used to accomplish |
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| 1 | | only those projects approved by the voters at the primary | 2 | | election held in 2008.
| 3 | | The debt incurred on any bonds issued under this subsection | 4 | | (p-25) shall not be considered indebtedness for purposes of any | 5 | | statutory debt limitation.
| 6 | | (p-30) In addition to all other authority to issue bonds, | 7 | | Prairie Grove Consolidated School District 46 may issue bonds | 8 | | with an aggregate principal amount not to exceed $30,000,000, | 9 | | but only if all of the following conditions are met:
| 10 | | (i) The voters of the district approve a proposition | 11 | | for the bond issuance at an election held in 2008.
| 12 | | (ii) At the time of the sale of the bonds, the school | 13 | | board determines, by resolution, that (A) the building and | 14 | | equipping of a new school building and additions to | 15 | | existing school buildings are required as a result of a | 16 | | projected increase in the enrollment of students in the | 17 | | district and (B) the altering, repairing, and equipping of | 18 | | existing school buildings are required because of the age | 19 | | of the existing school buildings.
| 20 | | (iii) The bonds are issued, in one or more bond | 21 | | issuances, on or before December 31, 2012; however, the | 22 | | aggregate principal amount issued in all such bond | 23 | | issuances combined must not exceed $30,000,000.
| 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 in 2008.
| 3 | | The debt incurred on any bonds issued under this subsection | 4 | | (p-30) shall not be considered indebtedness for purposes of any | 5 | | statutory debt limitation.
| 6 | | (p-35) In addition to all other authority to issue bonds, | 7 | | Prairie Hill Community Consolidated School District 133 may | 8 | | issue bonds with an aggregate principal amount not to exceed | 9 | | $13,900,000, but only if all of the following conditions are | 10 | | met:
| 11 | | (i) The voters of the district approved a proposition | 12 | | for the bond issuance at an election held on April 17, | 13 | | 2007.
| 14 | | (ii) At the time of the sale of the bonds, the school | 15 | | board determines, by resolution, that (A) the improvement | 16 | | of the site of and the building and equipping of a school | 17 | | building are required as a result of a projected increase | 18 | | in the enrollment of students in the district and (B) the | 19 | | repairing and equipping of the Prairie Hill Elementary | 20 | | School building is required because of the age of that | 21 | | school building.
| 22 | | (iii) The bonds are issued, in one or more bond | 23 | | issuances, on or before December 31, 2011, but the | 24 | | aggregate principal amount issued in all such bond | 25 | | issuances combined must not exceed $13,900,000.
| 26 | | (iv) The bonds are issued in accordance with this |
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| 1 | | Article.
| 2 | | (v) The proceeds of the bonds are used to accomplish | 3 | | only those projects approved by the voters at an election | 4 | | held on April 17, 2007.
| 5 | | The debt incurred on any bonds issued under this subsection | 6 | | (p-35) shall not be considered indebtedness for purposes of any | 7 | | statutory debt limitation.
| 8 | | (p-40) In addition to all other authority to issue bonds, | 9 | | Mascoutah Community Unit District 19 may issue bonds with an | 10 | | aggregate principal amount not to exceed $55,000,000, but only | 11 | | if all of the following conditions are met: | 12 | | (1) The voters of the district approve a proposition | 13 | | for the bond issuance at a regular election held on or | 14 | | after November 4, 2008. | 15 | | (2) At the time of the sale of the bonds, the school | 16 | | board determines, by resolution, that (i) the building and | 17 | | equipping of a new high school building is required as a | 18 | | result of a projected increase in the enrollment of | 19 | | students in the district and the age and condition of the | 20 | | existing high school building, (ii) the existing high | 21 | | school building will be demolished, and (iii) the sale of | 22 | | bonds is authorized by statute that exempts the debt | 23 | | incurred on the bonds from the district's statutory debt | 24 | | limitation. | 25 | | (3) The bonds are issued, in one or more bond | 26 | | issuances, on or before December 31, 2011, but the |
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| 1 | | aggregate principal amount issued in all such bond | 2 | | issuances combined must not exceed $55,000,000. | 3 | | (4) The bonds are issued in accordance with this | 4 | | Article. | 5 | | (5) The proceeds of the bonds are used to accomplish | 6 | | only those projects approved by the voters at a regular | 7 | | election held on or after November 4, 2008. | 8 | | The debt incurred on any bonds issued under this subsection | 9 | | (p-40) shall not be considered indebtedness for purposes of any | 10 | | statutory debt limitation. | 11 | | (p-45) Notwithstanding the provisions of subsection (a) of | 12 | | this Section or of any other law, bonds issued pursuant to | 13 | | Section 19-3.5 of this Code shall not be considered | 14 | | indebtedness for purposes of any statutory limitation if the | 15 | | bonds are issued in an amount or amounts, including existing | 16 | | indebtedness of the school district, not in excess of 18.5% of | 17 | | the value of the taxable property in the district to be | 18 | | ascertained by the last assessment for State and county taxes. | 19 | | (p-50) Notwithstanding the provisions of subsection (a) of
| 20 | | this Section or of any other law, bonds issued pursuant to
| 21 | | Section 19-3.10 of this Code shall not be considered
| 22 | | indebtedness for purposes of any statutory limitation if the
| 23 | | bonds are issued in an amount or amounts, including existing
| 24 | | indebtedness of the school district, not in excess of 43% of
| 25 | | the value of the taxable property in the district to be
| 26 | | ascertained by the last assessment for State and county taxes. |
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| 1 | | (p-55) In addition to all other authority to issue bonds, | 2 | | Belle Valley School District 119 may issue bonds with an | 3 | | aggregate principal amount not to exceed $47,500,000, but only | 4 | | if all of the following conditions are met: | 5 | | (1) The voters of the district approve a proposition | 6 | | for the bond issuance at an election held on or after April | 7 | | 7, 2009. | 8 | | (2) Prior to the issuance of the bonds, the school | 9 | | board determines, by resolution, that (i) the building and | 10 | | equipping of a new school building is required as a result | 11 | | of mine subsidence in an existing school building and | 12 | | because of the age and condition of another existing school | 13 | | building and (ii) the issuance of bonds is authorized by | 14 | | statute that exempts the debt incurred on the bonds from | 15 | | the district's statutory debt limitation. | 16 | | (3) The bonds are issued, in one or more bond | 17 | | issuances, on or before March 31, 2014, but the aggregate | 18 | | principal amount issued in all such bond issuances combined | 19 | | must not exceed $47,500,000. | 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 April 7, 2009. | 25 | | The debt incurred on any bonds issued under this subsection | 26 | | (p-55) shall not be considered indebtedness for purposes of any |
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| 1 | | statutory debt limitation. Bonds issued under this subsection | 2 | | (p-55) must mature within not to exceed 30 years from their | 3 | | date, notwithstanding any other law to the contrary. | 4 | | (p-60) In addition to all other authority to issue bonds, | 5 | | Wilmington Community Unit School District Number 209-U may | 6 | | issue bonds with an aggregate principal amount not to exceed | 7 | | $2,285,000, but only if all of the following conditions are | 8 | | met: | 9 | | (1) The proceeds of the bonds are used to accomplish | 10 | | only those projects approved by the voters at the general | 11 | | primary election held on March 21, 2006. | 12 | | (2) Prior to the issuance of the bonds, the school | 13 | | board determines, by resolution, that (i) the projects | 14 | | approved by the voters were and are required because of the | 15 | | age and condition of the school district's prior and | 16 | | existing school buildings and (ii) the issuance of the | 17 | | bonds is authorized by legislation that exempts the debt | 18 | | incurred on the bonds from the district's statutory debt | 19 | | limitation. | 20 | | (3) The bonds are issued in one or more bond issuances | 21 | | on or before March 1, 2011, but the aggregate principal | 22 | | amount issued in all those bond issuances combined must not | 23 | | exceed $2,285,000. | 24 | | (4) The bonds are issued in accordance with this | 25 | | Article. | 26 | | The debt incurred on any bonds issued under this subsection |
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| 1 | | (p-60) shall not be considered indebtedness for purposes of any | 2 | | statutory debt limitation. | 3 | | (p-65) In addition to all other authority to issue bonds, | 4 | | West Washington County Community Unit School District 10 may | 5 | | issue bonds with an aggregate principal amount not to exceed | 6 | | $32,200,000 and maturing over a period not exceeding 25 years, | 7 | | but only if all of the following conditions are met: | 8 | | (1) The voters of the district approve a proposition | 9 | | for the bond issuance at an election held on or after | 10 | | February 2, 2010. | 11 | | (2) Prior to the issuance of the bonds, the school | 12 | | board determines, by resolution, that (A) all or a portion | 13 | | of the existing Okawville Junior/Senior High School | 14 | | Building will be demolished; (B) the building and equipping | 15 | | of a new school building to be attached to and the | 16 | | alteration, repair, and equipping of the remaining portion | 17 | | of the Okawville Junior/Senior High School Building is | 18 | | required because of the age and current condition of that | 19 | | school building; and (C) the issuance of bonds is | 20 | | authorized by a statute that exempts the debt incurred on | 21 | | the bonds from the district's statutory debt 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 combined | 25 | | 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 subsection | 6 | | (p-65) shall not be considered indebtedness for purposes of any | 7 | | 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 with | 10 | | an aggregate principal amount not to exceed $50,000,000, but | 11 | | 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 and | 19 | | (ii) the issuance of bonds is authorized by a statute that | 20 | | exempts the debt incurred on the bonds from the district's | 21 | | statutory debt limitation. | 22 | | (3) The bonds are issued, in one or more issuances, 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 subsection | 6 | | (p-70) shall not be considered indebtedness for purposes of any | 7 | | statutory debt limitation. Bonds issued under this subsection | 8 | | (p-70) must mature within not to exceed 25 years from their | 9 | | date, notwithstanding any other law, including Section 19-3 of | 10 | | 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 aggregate | 3 | | principal amount not to exceed $50,000,000 for the purpose of | 4 | | refunding or continuing to refund bonds originally issued | 5 | | pursuant to voter approval at the general election held on | 6 | | 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 aggregate | 15 | | principal amount not to exceed $32,000,000, but only if all the | 16 | | 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, not | 5 | | 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 combined | 8 | | 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 subsection | 15 | | (p-85) shall not be considered indebtedness for purposes of any | 16 | | statutory debt limitation. Bonds issued under this subsection | 17 | | (p-85) must mature within not to exceed 30 years from their | 18 | | date, notwithstanding any other law, including Section 19-3 of | 19 | | 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 Elementary | 8 | | School building will be demolished and the remaining | 9 | | portion will be altered, repaired, and equipped, and (iii) | 10 | | the sale of bonds is authorized by a statute that exempts | 11 | | 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 combined | 16 | | 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 subsection | 23 | | (p-90) shall not be considered indebtedness for purposes of any | 24 | | 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 and | 10 | | (ii) the issuance 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 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 subsection | 23 | | (p-95) shall not be considered indebtedness for purposes of any | 24 | | statutory debt limitation. Bonds issued under this subsection | 25 | | (p-95) must mature within not to exceed 25 years from their | 26 | | date, notwithstanding any other law, including Section 19-3 of |
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| 1 | | 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 and | 16 | | (ii) the issuance of bonds is authorized by a statute that | 17 | | exempts the debt incurred on the bonds from the district's | 18 | | 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 subsection | 3 | | (p-100) shall not be considered indebtedness for purposes of | 4 | | any statutory debt limitation. Bonds issued under this | 5 | | subsection (p-100) must mature within not to exceed 25 years | 6 | | from their date, notwithstanding any other law, including | 7 | | 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 only | 11 | | 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 of | 21 | | the age and condition of the district's existing buildings | 22 | | and (ii) the issuance of bonds is authorized by a statute | 23 | | that exempts the debt incurred on the bonds from the | 24 | | district's statutory debt limitation. | 25 | | (3) The bonds are issued, in one or more issuances, not | 26 | | 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 combined | 3 | | 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 subsection | 10 | | (p-105) and on any bonds issued to refund or continue to refund | 11 | | such bonds shall not be considered indebtedness for purposes of | 12 | | any statutory debt limitation. Bonds issued under this | 13 | | subsection (p-105) and any bonds issued to refund or continue | 14 | | to refund such bonds must mature within not to exceed 30 years | 15 | | from their date, notwithstanding any other law, including | 16 | | Section 19-3 of this Code, to the contrary. | 17 | | (p-110) In addition to all other authority to issue bonds, | 18 | | Sandoval Community Unit School District 501 may issue bonds | 19 | | with an aggregate principal amount not to exceed $2,000,000, | 20 | | but only if all of the following conditions are met: | 21 | | (1) The voters of the district approved a proposition | 22 | | for the bond issuance at an election held on March 20, | 23 | | 2012. | 24 | | (2) Prior to the issuance of the bonds, the school | 25 | | board determines, by resolution, that (i) the building and | 26 | | equipping of a new school building is required because of |
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| 1 | | the age and current condition of the Sandoval Elementary | 2 | | School building and (ii) the issuance of bonds is | 3 | | authorized by a statute that exempts the debt incurred on | 4 | | the bonds from the district's statutory debt limitation. | 5 | | (3) The bonds are issued, in one or more bond | 6 | | issuances, on or before March 19, 2022, but the aggregate | 7 | | principal amount issued in all such bond issuances combined | 8 | | must not exceed $2,000,000. | 9 | | (4) The bonds are issued in accordance with this | 10 | | Article. | 11 | | (5) The proceeds of the bonds are used to accomplish | 12 | | only those projects approved by the voters at the election | 13 | | held on March 20, 2012. | 14 | | The debt incurred on any bonds issued under this subsection | 15 | | (p-110) and on any bonds issued to refund or continue to refund | 16 | | the bonds shall not be considered indebtedness for purposes of | 17 | | any statutory debt limitation. | 18 | | (p-115) In addition to all other authority to issue bonds, | 19 | | Bureau Valley Community Unit School District 340 may issue | 20 | | bonds with an aggregate principal amount not to exceed | 21 | | $25,000,000, but only if all of the following conditions are | 22 | | 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 | | 15, 2016. | 26 | | (2) Prior to the issuances of the bonds, the school |
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| 1 | | board determines, by resolution, that (i) the renovating | 2 | | and equipping of some existing school buildings, the | 3 | | building and equipping of new school buildings, and the | 4 | | demolishing of some existing school buildings are required | 5 | | as a result of the age and condition of existing school | 6 | | buildings and (ii) the issuance of bonds is authorized by 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, on | 10 | | or before July 1, 2021, but the aggregate principal amount | 11 | | issued in all such bond issuances combined must not exceed | 12 | | $25,000,000. | 13 | | (4) The bonds are issued in accordance with this | 14 | | Article. | 15 | | (5) The proceeds of the bonds are used to accomplish | 16 | | only those projects approved by the voters at an election | 17 | | held on or after March 15, 2016. | 18 | | The debt incurred on any bonds issued under this subsection | 19 | | (p-115) shall not be considered indebtedness for purposes of | 20 | | any statutory debt limitation. Bonds issued under this | 21 | | subsection (p-115) must mature within not to exceed 30 years | 22 | | from their date, notwithstanding any other law, including | 23 | | Section 19-3 of this Code, to the contrary. | 24 | | (p-120) In addition to all other authority to issue bonds, | 25 | | Paxton-Buckley-Loda Community Unit School District 10 may | 26 | | issue bonds with an aggregate principal amount not to exceed
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| 1 | | $28,500,000, but only if all the following conditions are met: | 2 | | (1) The voters of the district approve a proposition | 3 | | for the bond issuance at an election held on or after | 4 | | November 8, 2016. | 5 | | (2) Prior to the issuance of the bonds, the school | 6 | | board determines, by resolution, that (i) the projects as | 7 | | described in said proposition, relating to the building and | 8 | | equipping of one or more school buildings or additions to | 9 | | existing school buildings, are required as a result of the | 10 | | age and condition of the District's existing buildings and | 11 | | (ii) the issuance of bonds is authorized by a statute that | 12 | | exempts the debt incurred on the bonds from the district's | 13 | | statutory debt limitation. | 14 | | (3) The bonds are issued, in one or more issuances, not | 15 | | 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 combined | 18 | | must not exceed $28,500,000. | 19 | | (4) The bonds are issued in accordance with this | 20 | | Article. | 21 | | (5) The proceeds of the bonds are used to accomplish | 22 | | only those projects approved by the voters at an election | 23 | | held on or after November 8, 2016. | 24 | | The debt incurred on any bonds issued under this subsection | 25 | | (p-120) and on any bonds
issued to refund or continue to refund | 26 | | such bonds shall not be considered indebtedness for
purposes of |
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| 1 | | any statutory debt limitation. Bonds issued under this | 2 | | subsection (p-120) and any
bonds issued to refund or continue | 3 | | to refund such bonds must mature within not to exceed 25
years | 4 | | from their date, notwithstanding any other law, including | 5 | | Section 19-3 of this Code, to the
contrary. | 6 | | (p-125) In addition to all other authority to issue bonds, | 7 | | Hillsboro Community Unit School District 3 may issue bonds with | 8 | | an aggregate principal amount not to exceed
$34,500,000, but | 9 | | only if all the following conditions are met: | 10 | | (1) The voters of the district approve a proposition | 11 | | for the bond issuance at an election held on or after March | 12 | | 15, 2016. | 13 | | (2) Prior to the issuance of the bonds, the school | 14 | | board determines, by resolution, that (i) altering, | 15 | | repairing, and equipping the high school | 16 | | agricultural/vocational building, demolishing the high | 17 | | school main, cafeteria, and gym buildings, building and | 18 | | equipping a school building, and improving sites are | 19 | | required as a result of the age and condition of the | 20 | | district's existing buildings and (ii) the issuance of | 21 | | bonds is authorized by a statute that exempts the debt | 22 | | incurred on the bonds from the district's statutory debt | 23 | | limitation. | 24 | | (3) The bonds are issued, in one or more issuances, not | 25 | | later than 5 years after the date of the referendum | 26 | | approving the issuance of the bonds, but the aggregate |
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| 1 | | principal amount issued in all such bond issuances combined | 2 | | must not exceed $34,500,000. | 3 | | (4) The bonds are issued in accordance with this | 4 | | Article. | 5 | | (5) The proceeds of the bonds are used to accomplish | 6 | | only those projects approved by the voters at an election | 7 | | held on or after March 15, 2016. | 8 | | The debt incurred on any bonds issued under this subsection | 9 | | (p-125) and on any bonds
issued to refund or continue to refund | 10 | | such bonds shall not be considered indebtedness for
purposes of | 11 | | any statutory debt limitation. Bonds issued under this | 12 | | subsection (p-125) and any
bonds issued to refund or continue | 13 | | to refund such bonds must mature within not to exceed 25
years | 14 | | from their date, notwithstanding any other law, including | 15 | | Section 19-3 of this Code, to the
contrary. | 16 | | (p-130) In addition to all other authority to issue bonds, | 17 | | Waltham Community Consolidated School District 185 may incur | 18 | | indebtedness in an aggregate principal amount not to exceed | 19 | | $9,500,000 to build and equip a new school building and improve | 20 | | the site thereof, but only if all the following conditions are | 21 | | met: | 22 | | (1) A majority of the voters of the district voting on | 23 | | an advisory question voted in favor of the question | 24 | | regarding the use of funding sources to build a new school | 25 | | building without increasing property tax rates at the | 26 | | general election held on November 8, 2016. |
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| 1 | | (2) Prior to incurring the debt, the school board | 2 | | enters into intergovernmental agreements with the City of | 3 | | LaSalle to pledge moneys in a special tax allocation fund | 4 | | associated with tax increment financing districts LaSalle | 5 | | I and LaSalle III and with the Village of Utica to pledge | 6 | | moneys in a special tax allocation fund associated with tax | 7 | | increment financing district Utica I for the purposes of | 8 | | repaying the debt issued pursuant to this subsection | 9 | | (p-130). Notwithstanding any other provision of law to the | 10 | | contrary, the intergovernmental agreement may extend these | 11 | | tax increment financing districts as necessary to ensure | 12 | | repayment of the debt. | 13 | | (3) Prior to incurring the debt, the school board | 14 | | determines, by resolution, that (i) the building and | 15 | | equipping of a new school building is required as a result | 16 | | of the age and condition of the district's existing | 17 | | buildings and (ii) the debt is authorized by a statute that | 18 | | exempts the debt from the district's statutory debt | 19 | | limitation. | 20 | | (4) The debt is incurred, in one or more issuances, not | 21 | | later than January 1, 2021, and the aggregate principal | 22 | | amount of debt issued in all such issuances combined must | 23 | | not exceed $9,500,000. | 24 | | The debt incurred under this subsection (p-130) and on any | 25 | | bonds issued to pay, refund, or continue to refund such debt | 26 | | shall not be considered indebtedness for purposes of any |
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| 1 | | statutory debt limitation. Debt issued under this subsection | 2 | | (p-130) and any bonds issued to pay, refund, or continue to | 3 | | refund such debt must mature within not to exceed 25 years from | 4 | | their date, notwithstanding any other law, including Section | 5 | | 19-11 of this Code and subsection (b) of Section 17 of the | 6 | | Local Government Debt Reform Act, to the contrary. | 7 | | (p-133) Notwithstanding the provisions of subsection (a) | 8 | | of this Section or of any other law, bonds heretofore or | 9 | | hereafter issued by East Prairie School District 73 with an | 10 | | aggregate principal amount not to exceed $47,353,147 and | 11 | | approved by the voters of the district at the general election | 12 | | held on November 8, 2016, and any bonds issued to refund or | 13 | | continue to refund the bonds, shall not be considered | 14 | | indebtedness for the purposes of any statutory debt limitation | 15 | | and may mature within not to exceed 25 years from their date, | 16 | | notwithstanding any other law, including Section 19-3 of this | 17 | | Code, to the contrary. | 18 | | (p-135) In addition to all other authority to issue bonds, | 19 | | Brookfield LaGrange Park School District Number 95 may issue | 20 | | bonds with an aggregate principal amount not to exceed | 21 | | $20,000,000, but only if all the following conditions are met: | 22 | | (1) The voters of the district approve a proposition | 23 | | for the bond issuance at an election held on or after April | 24 | | 4, 2017. | 25 | | (2) Prior to the issuance of the bonds, the school | 26 | | board determines, by resolution, that (i) the additions and |
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| 1 | | renovations to the Brook Park Elementary and S. E. Gross | 2 | | Middle School buildings are required to accommodate | 3 | | enrollment growth, replace outdated facilities, and create | 4 | | spaces consistent with 21st century learning and (ii) the | 5 | | issuance of the bonds is authorized by a statute that | 6 | | exempts the debt incurred on the bonds from the district's | 7 | | statutory debt limitation. | 8 | | (3) The bonds are issued, in one or more issuances, not | 9 | | later than 5 years after the date of the referendum | 10 | | approving the issuance of the bonds, but the aggregate | 11 | | principal amount issued in all such bond issuances combined | 12 | | must not exceed $20,000,000. | 13 | | (4) The bonds are issued in accordance with this | 14 | | Article. | 15 | | (5) The proceeds of the bonds are used to accomplish | 16 | | only those projects approved by the voters at an election | 17 | | held on or after April 4, 2017. | 18 | | The debt incurred on any bonds issued under this | 19 | | subsection (p-135) and on any bonds issued to refund or | 20 | | continue to refund such bonds shall not be considered | 21 | | indebtedness for purposes of any statutory debt | 22 | | limitation. | 23 | | (p-140) The debt incurred on any bonds issued by Wolf | 24 | | Branch School District 113 under Section 17-2.11 of this Code | 25 | | for the purpose of repairing or replacing all or a portion of a | 26 | | school building that has been damaged by mine subsidence in an |
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| 1 | | aggregate principal amount not to exceed $17,500,000 and on any | 2 | | bonds issued to refund or continue to refund those bonds shall | 3 | | not be considered indebtedness for purposes of any statutory | 4 | | debt limitation and must mature no later than 25 years from the | 5 | | date of issuance, notwithstanding any other provision of law to | 6 | | the contrary, including Section 19-3 of this Code. The maximum | 7 | | allowable amount of debt exempt from statutory debt limitations | 8 | | under this subsection (p-140) shall be reduced by an amount | 9 | | equal to any grants awarded by the State Board of Education or | 10 | | Capital Development Board for the explicit purpose of repairing | 11 | | or reconstructing a school building damaged by mine subsidence. | 12 | | (q) A school district must notify the State Board of | 13 | | Education prior to issuing any form of long-term or short-term | 14 | | debt that will result in outstanding debt that exceeds 75% of | 15 | | the debt limit specified in this Section or any other provision | 16 | | of law.
| 17 | | (Source: P.A. 99-78, eff. 7-20-15; 99-143, eff. 7-27-15; | 18 | | 99-390, eff. 8-18-15; 99-642, eff. 7-28-16; 99-735, eff. | 19 | | 8-5-16; 99-926, eff. 1-20-17, 100-503, eff. 6-1-18; 100-531, | 20 | | eff. 9-22-17; 100-650, eff. 7-31-18; 100-863, eff. 8-14-18.) | 21 | | Section 20. The School Construction Law is amended by | 22 | | changing Sections 5-5, 5-10, 5-15, 5-20, 5-25, 5-30, 5-35, | 23 | | 5-50, and 5-100 and by adding Section 5-450 as follows:
| 24 | | (105 ILCS 230/5-5)
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| 1 | | Sec. 5-5. Definitions. As used in this Article:
| 2 | | "Approved school construction bonds" mean bonds that were | 3 | | approved by
referendum after January 1, 1996 but prior to | 4 | | January 1, 1998 as provided in
Sections 19-2 through 19-7 of | 5 | | the School Code to provide funds for the
acquisition, | 6 | | development, construction, reconstruction, rehabilitation,
| 7 | | improvement, architectural planning, and installation of | 8 | | capital facilities
consisting of buildings, structures, | 9 | | durable-equipment, and land for
educational purposes.
| 10 | | "Grant index" means a figure for each school district equal | 11 | | to one minus the
ratio of the district's equalized assessed | 12 | | valuation per pupil in average daily
attendance to the | 13 | | equalized assessed valuation per pupil in average daily
| 14 | | attendance of the district located at the 90th percentile for | 15 | | all districts of
the same category.
For the purpose of | 16 | | calculating the grant index, school districts are
grouped
into | 17 | | 3 2 categories, Category I , and Category II , and Category III . | 18 | | Category I consists of
elementary and unit school districts. | 19 | | The equalized assessed valuation
per pupil in average daily | 20 | | attendance of each school district in Category I
shall be | 21 | | computed using its grades kindergarten through 8 average daily
| 22 | | attendance figure. A unit school district's Category I grant | 23 | | index shall be
used
for projects or portions of projects | 24 | | constructed for elementary school
pupils. Category II consists | 25 | | of high school and unit school districts. The
equalized | 26 | | assessed valuation per pupil in average daily attendance of
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| 1 | | each school district in Category II shall be computed using its | 2 | | grades 9
through 12 average daily attendance figure. Category | 3 | | III consists of unit school districts. The equalized assessed | 4 | | valuation per pupil in average daily attendance of each school | 5 | | district in Category III shall be computed using its grades | 6 | | kindergarten through 12 average daily attendance figure. A unit | 7 | | school district's Category
II
grant index shall be used for | 8 | | projects or portions of projects constructed
for high school | 9 | | pupils.
The changes made by this amendatory Act of the 92nd | 10 | | General Assembly apply
to all grants made on or after the | 11 | | effective date of this amendatory Act,
provided that for grants | 12 | | not yet made on the effective date of this amendatory
Act but | 13 | | made in fiscal year 2001 and for grants made
in fiscal year | 14 | | 2002, the grant index for a school district shall be the
| 15 | | greater of (i) the grant index as calculated under this Law on | 16 | | or after the
effective date of this amendatory
Act or (ii) the | 17 | | grant index as calculated under this Law before the effective
| 18 | | date of this
amendatory Act.
The grant index shall be no less | 19 | | than 0.35 and no greater than
0.75 for each district; provided | 20 | | that the grant index for districts whose
equalized assessed | 21 | | valuation per pupil in average daily attendance is at the
99th | 22 | | percentile and above for all districts of the same type shall | 23 | | be 0.00.
| 24 | | The grant index shall be calculated for each of those | 25 | | school districts forming a reorganized school district or | 26 | | cooperative high school if one or more of the following happen |
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| 1 | | within the current or prior 2 fiscal years: | 2 | | (1) a new school district is created in accordance with | 3 | | Article 11E of the School Code; | 4 | | (2) an existing school district annexes all of the | 5 | | territory of one or more entire other school districts in | 6 | | accordance with Article 7 of the School Code; or | 7 | | (3) a cooperative high school is formed in accordance | 8 | | with Section 10-22.22c of the School Code. | 9 | | The average grant index of those school districts shall be used | 10 | | as the grant index for the newly reorganized district or | 11 | | cooperative high school. | 12 | | "School construction project" means the acquisition, | 13 | | development,
construction, reconstruction, rehabilitation, | 14 | | improvement, architectural
planning, and installation of | 15 | | capital facilities consisting of buildings,
structures, | 16 | | durable equipment, and land for educational purposes.
| 17 | | "School district" means a school district or a Type 40 area | 18 | | vocational center that is jointly owned if the joint agreement | 19 | | includes language that specifies how the debt obligation is to | 20 | | be paid, including in the event that an entity withdraws from | 21 | | the joint agreement. | 22 | | "School district" includes a cooperative high school, | 23 | | which shall be considered a high school district for the | 24 | | purpose of calculating its grant index.
| 25 | | "School maintenance project" means a project, other than a | 26 | | school
construction project, intended to provide for the |
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| 1 | | maintenance or upkeep
of buildings or structures for | 2 | | educational purposes, but does not include
ongoing operational | 3 | | costs.
| 4 | | (Source: P.A. 96-731, eff. 8-25-09; 96-1381, eff. 1-1-11.)
| 5 | | (105 ILCS 230/5-10)
| 6 | | Sec. 5-10. Grant awards. The Capital Development Board is | 7 | | authorized to
make grants to school districts for school | 8 | | construction projects with funds
appropriated by the General
| 9 | | Assembly from the School Infrastructure Fund or the School | 10 | | Construction Fund pursuant to the provisions of this
Article. | 11 | | The State Board of Education is authorized to make grants to | 12 | | school
districts for debt service with funds appropriated by | 13 | | the General Assembly from
the School Infrastructure Fund | 14 | | pursuant to the provisions of
this Article.
| 15 | | (Source: P.A. 90-548, eff. 1-1-98.)
| 16 | | (105 ILCS 230/5-15)
| 17 | | Sec. 5-15. Grant priority order and calculation of grant | 18 | | index entitlements . Upon the appropriation of funds by the | 19 | | General Assembly from the School Infrastructure Fund or School | 20 | | Construction Fund and approval of a bond issuance for school | 21 | | construction project grants and upon the release of the | 22 | | appropriated funds to the Capital Development Board pursuant to | 23 | | the provisions of this Law, the The State Board of Education is | 24 | | authorized
to open a school construction application cycle |
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| 1 | | issue grant entitlements for school construction projects and | 2 | | debt service
and shall determine the priority order and | 3 | | calculate the grant index for school construction project | 4 | | grants
to be made by the Capital Development Board. For | 5 | | construction projects that have not been started before the | 6 | | effective date of this amendatory Act of the 101st General | 7 | | Assembly, the approval of the application, priority order, and | 8 | | grant indexes shall be determined, within the opened | 9 | | application cycle, as established by the State Board of | 10 | | Education. A school district that has an application for a | 11 | | school construction project grant on file with the State Board | 12 | | of Education on the effective date of this amendatory Act of | 13 | | the 101st General Assembly must reapply when an application | 14 | | cycle is opened by the State Board of Education under this | 15 | | amendatory Act of the 101st General Assembly to be considered | 16 | | for a school construction project grant. | 17 | | The
When issuing a grant entitlement for a school | 18 | | construction project, the
Capital Development Board , as a part | 19 | | of that entitlement, shall certify to a school the
district | 20 | | receiving the entitlement the dollar amount of the school | 21 | | construction
project's cost that the district will be required | 22 | | to finance with non-grant
funds in order to qualify to receive | 23 | | a school construction project grant under
this Article from the | 24 | | Capital Development Board.
| 25 | | A grant award may be issued only to the extent that the | 26 | | appropriation and release of funds have been exhausted. A |
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| 1 | | school district that does not receive a grant award must submit | 2 | | a new application during the next application period to be | 3 | | considered for another grant award. | 4 | | (Source: P.A. 90-548, eff. 1-1-98; 91-55, eff. 6-30-99.)
| 5 | | (105 ILCS 230/5-20)
| 6 | | Sec. 5-20. Grant application; district facilities plan. | 7 | | School districts
shall apply to the State Board of Education | 8 | | for school construction project
grants and debt service grants . | 9 | | Districts filing grant applications shall
submit to the State | 10 | | Board a district facilities plan that shall include,
but not be | 11 | | limited to, an assessment of present and future district | 12 | | facility
needs as required by present and anticipated | 13 | | educational programming, the
availability of local financial | 14 | | resources
including current revenues, fund balances, and | 15 | | unused bonding capacity, a
fiscal plan for meeting present and | 16 | | anticipated debt service obligations, and a
maintenance plan | 17 | | and schedule that contain necessary assurances that new,
| 18 | | renovated, and existing facilities are being or will be | 19 | | properly maintained.
If a district that applies for a school | 20 | | construction project grant has no
unused bonding capacity or if | 21 | | its unused bonding capacity may be less than the
portion of the | 22 | | cost of the proposed school construction project that the
| 23 | | district would be required to finance with non-grant funds, the | 24 | | amount certified by the Capital Development Board under Section | 25 | | 5-15 of this Law application and
facilities plan submitted by |
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| 1 | | the district shall set forth the estimated amount
of the | 2 | | project's cost that the district proposes to finance by the | 3 | | issuance of
bonds under subsection (n) of Section 19-1 of the | 4 | | School Code.
The State Board of Education shall review and | 5 | | approve district facilities plans
prior to prioritizing the | 6 | | applications issuing grant entitlements . Each district that | 7 | | receives a grant
entitlement shall annually update its district | 8 | | facilities plan and submit the
revised plan to the
State Board | 9 | | for approval.
| 10 | | (Source: P.A. 90-548, eff. 1-1-98; 91-55, eff. 6-30-99.)
| 11 | | (105 ILCS 230/5-25)
| 12 | | Sec. 5-25. Eligibility and project standards.
| 13 | | (a) The State Board of Education shall establish | 14 | | eligibility standards for
school construction project grants | 15 | | and debt service grants . With the exception of school | 16 | | construction project grants awarded under item (1) of Section | 17 | | 5-30, these These standards
shall include minimum enrollment | 18 | | requirements for eligibility for school
construction project | 19 | | grants of 450 200 students for elementary districts, 200
| 20 | | students for high school districts, and 650 400 students for | 21 | | unit districts. The total enrollment of member districts | 22 | | forming a cooperative high school in accordance with subsection | 23 | | (c) of Section 10-22.22 of the School Code shall meet the | 24 | | minimum enrollment requirements specified in this subsection | 25 | | (a). The
State Board of Education shall approve a district's |
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| 1 | | eligibility for a school
construction project grant or a debt | 2 | | service grant pursuant to the established
standards.
| 3 | | For purposes only of determining a Type 40 area vocational | 4 | | center's eligibility for an entity included in a school | 5 | | construction project grant or a school maintenance project | 6 | | grant, an area vocational center shall be deemed eligible if | 7 | | one or more of its member school districts satisfy the grant | 8 | | index criteria set forth in this Law. A Type 40 area vocational | 9 | | center that makes application for school construction funds | 10 | | after August 25, 2009 (the effective date of Public Act 96-731) | 11 | | shall be placed on the respective application cycle list. Type | 12 | | 40 area vocational centers must be placed last on the priority | 13 | | listing of eligible entities for the applicable fiscal year.
| 14 | | (b) The Capital Development Board shall establish
project | 15 | | standards for all school construction project grants provided | 16 | | pursuant
to this Article. These standards shall include space | 17 | | and capacity standards as
well as the determination of | 18 | | recognized project costs that shall be eligible
for State | 19 | | financial assistance and enrichment costs that shall not be | 20 | | eligible
for State financial assistance.
| 21 | | (c) The State Board of Education and the Capital | 22 | | Development Board shall
not establish standards that | 23 | | disapprove or otherwise establish limitations
that restrict | 24 | | the eligibility of (i) a school district with a population | 25 | | exceeding
500,000 for a school construction project grant based | 26 | | on the fact that any or
all of the school construction project |
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| 1 | | grant will be used to pay debt service
or to make lease | 2 | | payments, as authorized by subsection (b) of Section 5-35 of
| 3 | | this Law, (ii) a school district located in whole or in part in | 4 | | a county that imposes a tax for school facility purposes | 5 | | pursuant to Section 5-1006.7 of the Counties Code, or (iii) a | 6 | | school district that (1) was organized prior to 1860 and (2) is | 7 | | located in part in a city originally incorporated prior to | 8 | | 1840, based on the fact that all or a part of the school | 9 | | construction project is owned by a public building commission | 10 | | and leased to the school district or the fact that any or all | 11 | | of the school construction project grant will be used to pay | 12 | | debt service or to make lease payments.
| 13 | | (d) (Blank). A reorganized school district or cooperative | 14 | | high school may use a school construction application that was | 15 | | submitted by a school district that formed the reorganized | 16 | | school district or cooperative high school if that application | 17 | | has not been entitled for a project by the State Board of | 18 | | Education and any one or more of the following happen within | 19 | | the current or prior 4 fiscal years: | 20 | | (1) a new school district is created in accordance with | 21 | | Article 11E of the School Code; | 22 | | (2) an existing school district annexes all of the | 23 | | territory of one or more other school districts in | 24 | | accordance with Article 7 of the School Code; or | 25 | | (3) a cooperative high school is formed in accordance | 26 | | with subsection (c) of Section 10-22.22 of the School Code.
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| 1 | | A new elementary district formed from a school district | 2 | | conversion, as defined in Section 11E-15 of the School Code, | 3 | | may use only the application of the dissolved district whose | 4 | | territory is now included in the new elementary district and | 5 | | must obtain the written approval of the local school board of | 6 | | any other school district that includes territory from that | 7 | | dissolved district. A new high school district formed from a | 8 | | school district conversion, as defined in Section 11E-15 of the | 9 | | School Code, may use only the application of any dissolved | 10 | | district whose territory is now included in the new high school | 11 | | district, but only after obtaining the written approval of the | 12 | | local school board of any other school district that includes | 13 | | territory from that dissolved district. A cooperative high | 14 | | school using this Section must obtain the written approval of | 15 | | the local school board of the member school district whose | 16 | | application it is using. All other eligibility and project | 17 | | standards apply to this Section. | 18 | | (Source: P.A. 96-37, eff. 7-13-09; 96-731, eff. 8-25-09; | 19 | | 96-1000, eff. 7-2-10; 96-1381, eff. 1-1-11; 96-1467, eff. | 20 | | 8-20-10; 97-232, eff. 7-28-11; 97-333, eff. 8-12-11.)
| 21 | | (105 ILCS 230/5-30)
| 22 | | Sec. 5-30. Priority of school construction projects. The | 23 | | State Board of
Education shall develop standards for the | 24 | | determination of priority needs
concerning school construction | 25 | | projects based upon approved district facilities
plans. Such |
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| 1 | | standards shall call for prioritization based on
the degree of | 2 | | need and project type in the following order:
| 3 | | (1) Replacement or reconstruction of school buildings | 4 | | destroyed or damaged
by flood, tornado, fire, earthquake, | 5 | | mine subsidence, or other disasters, either man-made or
| 6 | | produced by nature;
| 7 | | (2) Projects designed to alleviate a shortage of | 8 | | classrooms due to
population growth ; replacement, | 9 | | rehabilitation, or reconstruction of school facilities | 10 | | determined to be severe and continuing health or life | 11 | | safety hazards; or projects designed to replace or | 12 | | rehabilitate aging school buildings;
| 13 | | (3) Projects resulting from interdistrict | 14 | | reorganization
of school districts contingent on local | 15 | | referenda;
| 16 | | (4) Replacement, rehabilitation, or reconstruction of | 17 | | school
facilities determined to be severe and continuing | 18 | | health or life safety
hazards;
| 19 | | (4) (5) Alterations necessary to provide accessibility | 20 | | for qualified individuals
with disabilities; and
| 21 | | (5) (6) Other unique solutions to facility needs.
| 22 | | Except for those changes absolutely necessary to comply with | 23 | | the changes made to subsection (c) of Section 5-25 of this Law | 24 | | by Public Act 96-37, the State Board of Education may not make | 25 | | any material changes to the standards in effect on May 18, | 26 | | 2004, unless the State Board of Education is specifically |
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| 1 | | authorized by law.
| 2 | | (Source: P.A. 96-37, eff. 7-13-09; 96-102, eff. 7-29-09; | 3 | | 96-1000, eff. 7-2-10; 97-880, eff. 8-2-12.)
| 4 | | (105 ILCS 230/5-35)
| 5 | | Sec. 5-35. School construction project grant amounts; | 6 | | permitted
use; prohibited use. | 7 | | (a) The product of the district's grant index and the
| 8 | | recognized project cost, as determined by the Capital | 9 | | Development Board, for an
approved school construction project | 10 | | shall equal the amount of the grant the
Capital Development | 11 | | Board shall provide to the eligible district. The grant
index | 12 | | shall not be used in cases where the General Assembly and the | 13 | | Governor
approve appropriations designated for specifically | 14 | | identified school district
construction projects.
| 15 | | The average of the grant indexes of the member districts in | 16 | | a joint agreement shall be used to calculate the amount of a | 17 | | school construction project grant awarded to an eligible Type | 18 | | 40 area vocational center.
| 19 | | (b) In each fiscal year in which school construction | 20 | | project grants are
awarded, 20% of the total amount awarded | 21 | | statewide shall be awarded to a school
district with a | 22 | | population exceeding 500,000, provided such district complies
| 23 | | with the provisions of this Article.
| 24 | | In addition to the uses otherwise authorized by this Law, | 25 | | any school
district with a population exceeding 500,000 is |
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| 1 | | authorized to use any or all
of the school construction project | 2 | | grants (i) to pay debt service, as defined
in the Local | 3 | | Government Debt Reform Act, on bonds, as defined in the Local
| 4 | | Government Debt Reform Act, issued to finance one or more | 5 | | school construction
projects and (ii) to the extent that any | 6 | | such bond is a lease or other
installment or financing contract | 7 | | between the school district and a public
building commission | 8 | | that has issued bonds to finance one or more qualifying
school | 9 | | construction projects, to make lease payments under the lease.
| 10 | | (b-3)
The State Board of Education Capital Development | 11 | | Board shall make payment in an amount equal to 20% of each | 12 | | amount deposited into the School Infrastructure Fund pursuant | 13 | | to subsection (b-5) of Section 6z-45 of the State Finance Act | 14 | | to the Board of Education of the City of Chicago within 10 days | 15 | | after such deposit. The Board of Education of the City of | 16 | | Chicago shall use such moneys received (i) for application to | 17 | | the costs of a school construction project, (ii) to pay debt | 18 | | service on bonds, as those terms are defined in the Local | 19 | | Government Debt Reform Act, that are issued to finance one or | 20 | | more school construction projects, and (iii) to the extent that | 21 | | any such bond is a lease or other installment or financing | 22 | | contract between the school district and a public building | 23 | | commission that has issued bonds to finance one or more | 24 | | qualifying school construction projects, to make lease | 25 | | payments under the lease. The Board of Education of the City of | 26 | | Chicago shall submit quarterly to the State Capital Development |
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| 1 | | Board documentation sufficient to establish that this money is | 2 | | being used as authorized by this Section. The State Capital | 3 | | Development Board may withhold payments if the documentation is | 4 | | not provided. Upon appropriation of funds by the General | 5 | | Assembly, the The remaining 80% of each such deposit shall be | 6 | | applied and the State Board shall make payments in accordance | 7 | | with the provisions of Section 5-100 subsection (a) of this | 8 | | Section ; however, no portion of this remaining 80% shall be | 9 | | awarded to a school district with a population of more than | 10 | | 500,000. | 11 | | (b-5) In addition to the uses otherwise authorized by this | 12 | | Law, any school district that (1) was organized prior to 1860 | 13 | | and (2) is located in part in a city originally incorporated | 14 | | prior to 1840 is authorized to use any or all of the school | 15 | | construction project grants (i) to pay debt service on bonds, | 16 | | as those terms are defined in the Local Government Debt Reform | 17 | | Act, that are issued to finance one or more school construction | 18 | | projects and (ii) to the extent that any such bond is a lease | 19 | | or other installment or financing contract between the school | 20 | | district and a public building commission that has issued bonds | 21 | | to finance one or more qualifying school construction projects, | 22 | | to make lease payments under the lease. | 23 | | (c) No portion of a school construction project grant | 24 | | awarded by the
Capital Development Board shall be used by a | 25 | | school district for any
on-going operational costs.
| 26 | | (Source: P.A. 98-18, eff. 6-7-13.)
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| 1 | | (105 ILCS 230/5-50) | 2 | | Sec. 5-50. Referendum requirements. After the State Board | 3 | | of Education
has approved all or part of a district's | 4 | | application and issued a grant index
entitlement for a school | 5 | | construction project grant, the district shall submit
the | 6 | | project or the financing of the project to a referendum when | 7 | | such
referendum is required by law, except for a project | 8 | | financed by bonds issued pursuant to subsection (p-70) of | 9 | | Section 19-1 of the School Code. | 10 | | (Source: P.A. 96-1438, eff. 8-20-10; 97-333, eff. 8-12-11.)
| 11 | | (105 ILCS 230/5-100)
| 12 | | Sec. 5-100. School maintenance project grants.
| 13 | | (a) The State Board of Education is authorized to make | 14 | | grants to school
districts and special education cooperatives | 15 | | established by school districts, without regard to enrollment, | 16 | | for school maintenance projects.
These grants shall be paid out | 17 | | of moneys transferred, pursuant to subsection (b-5) of Section | 18 | | 6z-45 of the State Finance Act, appropriated for that purpose
| 19 | | from the School Infrastructure Fund. No grant under this | 20 | | Section for
one fiscal year shall exceed $150,000 $50,000 , but | 21 | | a school district or special education cooperative may receive | 22 | | grants
for more than one project during one fiscal year. A | 23 | | school district or special education cooperative must
provide | 24 | | local
matching funds in an amount equal to the amount of the |
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| 1 | | grant under this
Section. A school district or special | 2 | | education cooperative has no entitlement to a grant under this | 3 | | Section.
| 4 | | (b) The State Board of Education shall adopt rules to | 5 | | implement this
Section. These rules need not be the same as the | 6 | | rules for school construction
project grants or debt service | 7 | | grants .
| 8 | | The rules may specify: (1) the manner of applying for | 9 | | grants;
(2) project eligibility requirements; (3) restrictions | 10 | | on the use of grant
moneys; (4) the manner in which school | 11 | | districts and special education cooperatives must account for | 12 | | the use of
grant moneys; and (5) any other provision that the | 13 | | State Board determines
to be necessary or useful for the | 14 | | administration of this Section.
| 15 | | The rules shall specify the methods and standards to be | 16 | | used by the State
Board to prioritize applications. School | 17 | | maintenance projects shall be
prioritized in the following | 18 | | order:
| 19 | | (i) emergency projects;
| 20 | | (ii) health/life safety projects;
| 21 | | (iii) non-health/life safety and facility maintenance | 22 | | projects, energy efficiency projects, facility security | 23 | | projects, remodeling projects, accessibility projects, or | 24 | | technology needs; and State Program priority projects;
| 25 | | (iv) other projects related to facilities. permanent | 26 | | improvement projects; and
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| 1 | | (v) other projects.
| 2 | | (c) In each school year in which school maintenance project | 3 | | grants are
awarded, no portion of the funds transferred to the | 4 | | School Infrastructure Fund for purposes used under this Section | 5 | | may be 20% of the total amount awarded shall be awarded to a | 6 | | school district
with a population of more than 500,000 , | 7 | | provided that the school district
complies with the | 8 | | requirements of this Section and the rules adopted under
this | 9 | | Section .
| 10 | | (Source: P.A. 98-710, eff. 7-16-14.)
| 11 | | (105 ILCS 230/5-450 new) | 12 | | Sec. 5-450. Exemption from the Grant Accountability and | 13 | | Transparency Act. Projects that receive grants under this Law | 14 | | are exempt from the Grant Accountability and Transparency Act | 15 | | based on the longstanding integrity of this Law's programs, the | 16 | | unique nature of multi-year projects under this Law, required | 17 | | quarterly reports, this Law's statutory and regulatory | 18 | | framework regarding the selection and prioritization of | 19 | | grantees, the formulas involved in the determination of grant | 20 | | amounts, the expenditure of grant funds, and the lack of | 21 | | federal oversight.
| 22 | | (105 ILCS 230/5-37 rep.)
| 23 | | (105 ILCS 230/5-38 rep.)
| 24 | | (105 ILCS 230/5-45 rep.)
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| 1 | | (105 ILCS 230/5-57 rep.) | 2 | | Section 25. The School Construction Law is amended by | 3 | | repealing Sections 5-37, 5-38, 5-45, and 5-57.
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