Bill Status of HB 4602   97th General Assembly

Short Description:  SCH CD-DEBT LIMIT-RIDGELAND

House Sponsors
Rep. Kelly Burke

Senate Sponsors
(Sen. Edward D. Maloney)


Last Action  View All Actions

DateChamber Action
  7/20/2012HousePublic Act . . . . . . . . . 97-0834

Statutes Amended In Order of Appearance
105 ILCS 5/19-1

Synopsis As Introduced
Amends the School Code. In a Section concerning the debt limitations of school districts, provides that, in addition to all other authority to issue bonds, Ridgeland School District 122 may issue bonds with an aggregate principal amount not to exceed $50,000,000 for the purpose of refunding or continuing to refund bonds originally issued pursuant to voter approval. Provides that the debt incurred on the bonds shall not be considered indebtedness for purposes of any statutory debt limitation, and the bonds may be issued in one or more issuances and must mature within not to exceed 25 years from their date.

House Committee Amendment No. 2
Deletes everything after the enacting clause. Reinserts the contents of the bill with the following changes. Provides that the authority to issue bonds is for the purpose of refunding or continuing to refund bonds originally issued pursuant to voter approval at the general election held on November 7, 2000 (instead of for the purpose of refunding or continuing to refund bonds originally issued pursuant to voter approval). Adds an immediate effective date.

Actions 
DateChamber Action
  2/1/2012HouseFiled with the Clerk by Rep. Kelly Burke
  2/1/2012HouseFirst Reading
  2/1/2012HouseReferred to Rules Committee
  2/17/2012HouseAssigned to Revenue & Finance Committee
  2/29/2012HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Kelly Burke
  2/29/2012HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  3/5/2012HouseHouse Committee Amendment No. 1 Rules Refers to Revenue & Finance Committee
  3/9/2012HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40
  3/9/2012HouseRule 19(a) / Re-referred to Rules Committee
  3/21/2012HouseCommittee Deadline Extended-Rule 9(b) March 30, 2012
  3/21/2012HouseAssigned to Revenue & Finance Committee
  3/23/2012HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Kelly Burke
  3/23/2012HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  3/26/2012HouseHouse Committee Amendment No. 2 Rules Refers to Revenue & Finance Committee
  3/27/2012HouseHouse Committee Amendment No. 2 Adopted in Revenue & Finance Committee; by Voice Vote
  3/27/2012HouseDo Pass as Amended / Short Debate Revenue & Finance Committee; 008-001-000
  3/27/2012HousePlaced on Calendar 2nd Reading - Short Debate
  3/27/2012HouseSecond Reading - Short Debate
  3/27/2012HouseHeld on Calendar Order of Second Reading - Short Debate
  3/28/2012HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/28/2012HouseThird Reading - Short Debate - Passed 074-040-000
  3/29/2012SenateArrive in Senate
  3/29/2012SenatePlaced on Calendar Order of First Reading
  3/29/2012SenateChief Senate Sponsor Sen. Edward D. Maloney
  3/29/2012SenateFirst Reading
  3/29/2012SenateReferred to Assignments
  4/11/2012SenateAssigned to Education
  4/18/2012SenatePostponed - Education
  4/25/2012SenateDo Pass Education; 008-000-000
  4/25/2012SenatePlaced on Calendar Order of 2nd Reading April 26, 2012
  5/2/2012SenateSecond Reading
  5/2/2012SenatePlaced on Calendar Order of 3rd Reading May 3, 2012
  5/15/2012SenateThird Reading - Passed; 053-000-003
  5/15/2012HousePassed Both Houses
  6/13/2012HouseSent to the Governor
  7/20/2012HouseGovernor Approved
  7/20/2012HouseEffective Date July 20, 2012
  7/20/2012HousePublic Act . . . . . . . . . 97-0834

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