House Sponsors: BEAUBIEN-YOUNGE. Senate Sponsors: PETERSON Short description: SCH CD-DEBT LIMIT-CONSTRUCT Synopsis of Bill as introduced: Amends the School Code to allow the debt limit rate to be increased, from 6.9% to 8.6% for an elementary or high school district and from 13.8% to 17.2% for a unit school district, for a school construction project if the school district is eligible to receive a grant under the School Construction Law. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status