Sen. Dan Rutherford
Filed: 5/8/2007
|
|||||||
| |||||||
| |||||||
1 | AMENDMENT TO HOUSE BILL 1969
| ||||||
2 | AMENDMENT NO. ______. Amend House Bill 1969, AS AMENDED, in | ||||||
3 | Section 5, Sec. 19-1, immediately below subsec. (p-30), by | ||||||
4 | inserting the following:
| ||||||
5 | " (p-35) Because Central School District Number 51 has | ||||||
6 | experienced an extremely rapid increase in the size of its | ||||||
7 | student population (since 2001, the size of the district's | ||||||
8 | student population has increased from 608 to 833 and is | ||||||
9 | expected to exceed 1,000 by the 2010-2011 school year) and | ||||||
10 | because the school district must be able to construct new | ||||||
11 | facilities and improve its existing facilities in order to meet | ||||||
12 | the needs of its current and future students, in addition to | ||||||
13 | all other authority to issue bonds, Central
School District 51 | ||||||
14 | may issue bonds with an aggregate principal
amount not to | ||||||
15 | exceed $11,800,000, but only if all of the following
conditions | ||||||
16 | are met: | ||||||
17 | (i) The voters of the district approved a proposition | ||||||
18 | for the bond issuance at an election held on April 17, |
| |||||||
| |||||||
1 | 2007. | ||||||
2 | (ii) At the time of the sale of the bonds, the school | ||||||
3 | board
determines, by resolution, that (A) the building and | ||||||
4 | equipping of a
school building and the improvement of the | ||||||
5 | site thereof are required as a result of a projected | ||||||
6 | increase in the enrollment of students in the district and | ||||||
7 | (B) the altering, repairing, and equipping of the school | ||||||
8 | building is required because of the age of the school | ||||||
9 | building. | ||||||
10 | (iii) The bonds are issued, in one or more bond | ||||||
11 | issuances, on or before December 31, 2011; however, the | ||||||
12 | aggregate principal amount issued in all such bond | ||||||
13 | issuances combined must not exceed $11,800,000. | ||||||
14 | (iv) The bonds are issued in accordance with this | ||||||
15 | Article. | ||||||
16 | (v) The proceeds of the bonds are used to accomplish | ||||||
17 | only those projects approved by the voters at an election | ||||||
18 | held on April 17, 2007. | ||||||
19 | The debt incurred on any bonds issued under this subsection | ||||||
20 | (p-35) shall not be considered indebtedness for purposes of any | ||||||
21 | statutory debt limitation.
| ||||||
22 | (p-40) In addition to all other authority to issue bonds, | ||||||
23 | Prairie Hill Community Consolidated School District 133 may | ||||||
24 | issue bonds with an aggregate principal amount not to exceed | ||||||
25 | $13,900,000, but only if all of the following conditions are | ||||||
26 | met: |
| |||||||
| |||||||
1 | (i) The voters of the district approved a proposition | ||||||
2 | for the bond issuance at an election held on April 17, | ||||||
3 | 2007.
| ||||||
4 | (ii) At the time of the sale of the bonds, the school | ||||||
5 | board determines, by resolution, that (A) the improvement | ||||||
6 | of the site of and the building and equipping of a school | ||||||
7 | building are required as a result of a projected increase | ||||||
8 | in the enrollment of students in the district and (B) the | ||||||
9 | repairing and equipping of the Prairie Hill Elementary | ||||||
10 | School building is required because of the age of that | ||||||
11 | school building. | ||||||
12 | (iii) The bonds are issued, in one or more bond | ||||||
13 | issuances, on or before December 31, 2011, but the | ||||||
14 | aggregate principal amount issued in all such bond | ||||||
15 | issuances combined must not exceed $13,900,000. | ||||||
16 | (iv) The bonds are issued in accordance with this | ||||||
17 | Article. | ||||||
18 | (v) The proceeds of the bonds are used to accomplish | ||||||
19 | only those projects approved by the voters at an election | ||||||
20 | held on April 17. 2007. | ||||||
21 | The debt incurred on any bonds issued under this subsection | ||||||
22 | (p-40) shall not be considered indebtedness for purposes of any | ||||||
23 | statutory debt limitation. ".
|