|
Sen. Ira I. Silverstein
Filed: 5/22/2017
| | 10000HB0760sam001 | | LRB100 04758 MLM 26385 a |
|
|
1 | | AMENDMENT TO HOUSE BILL 760
|
2 | | AMENDMENT NO. ______. Amend House Bill 760 on page 46, |
3 | | immediately below line 23, by inserting the following:
|
4 | | " (p-135) In addition to all other authority to issue bonds, |
5 | | Brookfield LaGrange Park School District Number 95 may issue |
6 | | bonds with an aggregate principal amount not to exceed |
7 | | $20,000,000, but only if all the following conditions are met: |
8 | | (1) The voters of the district approve a proposition |
9 | | for the bond issuance at an election held on or after April |
10 | | 4, 2017. |
11 | | (2) Prior to the issuance of the bonds, the school |
12 | | board determines, by resolution, that (i) the additions and |
13 | | renovations to the Brook Park Elementary and S. E. Gross |
14 | | Middle School buildings are required to accommodate |
15 | | enrollment growth, replace outdated facilities, and create |
16 | | spaces consistent with 21st century learning and (ii) the |
17 | | issuance of the bonds is authorized by a statute that |
18 | | exempts the debt incurred on the bonds from the district's |