Bill Status of HB 1507   97th General Assembly


Short Description:  CNTY CD-SCH OCC TX REFERENDUM

House Sponsors
Rep. Roger L. Eddy

Last Action  View All Actions

DateChamber Action
  1/8/2013HouseSession Sine Die

Statutes Amended In Order of Appearance
30 ILCS 350/15from Ch. 17, par. 6915
55 ILCS 5/5-1006.7
105 ILCS 5/10-22.36from Ch. 122, par. 10-22.36

Synopsis As Introduced
Amends the Counties Code. Requires the imposition of a school facility occupation tax in a county if the electors of the county have approved a proposition for the tax. Provides that a school facility occupation tax imposed by approval of the electors may be reduced or discontinued if the electors have voted to reduce or discontinue the tax. Provides that the State will not limit or alter rights, powers, and duties so as to impair the rights and remedies of holders of bonds secured by proceeds of a school facility occupation tax. Amends the Local Government Debt Reform Act. Provides that a backdoor referendum is not required for alternate bonds if at least 90% of the revenue source pledged to the payment of the alternate bonds is expected to be obtained from a school facility occupation tax. Amends the School Code. Provides that a referendum shall not be required if the purchase, construction, or building of a school building is paid from funds received from the County School Facility Occupation Tax Law or from the proceeds of bonds secured by revenues obtained from that Law. Effective immediately.

Actions 
DateChamber Action
  2/14/2011HouseFiled with the Clerk by Rep. Roger L. Eddy
  2/14/2011HouseFirst Reading
  2/14/2011HouseReferred to Rules Committee
  2/22/2011HouseAssigned to Executive Committee
  3/17/2011HouseRule 19(a) / Re-referred to Rules Committee
  1/8/2013HouseSession Sine Die

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