Date	Chamber	Action
1/10/2017	Senate	Session Sine Die

Statutes Amended In Order of Appearance

105 ILCS 5/19-1

Synopsis As Introduced
Amends the School Code with respect to the debt limitations of school districts. Allows Hillsboro Community Unit School District 3 to issue bonds with an aggregate principal amount not to exceed $34,500,000 if, among other conditions, (i) the voters of the district approve a proposition for the bond issuance at an election held on or after March 15, 2016; (ii) prior to the issuance of the bonds, the school board determines that altering, repairing, and equipping the high school agricultural/vocational building, demolishing the high school main, cafeteria, and gym buildings, building and equipping a school building, and improving sites are required as a result of the age and condition of the district's existing buildings; and (iii) the bonds are issued, in one or more issuances, not later than 5 years after the date of the referendum approving the issuance of the bonds. Provides that the debt incurred on the bonds and any refunding bonds shall not be considered indebtedness for purposes of any statutory debt limitation and such bonds must mature within not to exceed 25 years from their date. Effective immediately.

Actions 

Date	Chamber	Action
1/27/2016	Senate	Filed with Secretary by Sen. Andy Manar
1/27/2016	Senate	First Reading
1/27/2016	Senate	Referred to Assignments
2/3/2016	Senate	Assigned to Education
3/9/2016	Senate	Postponed - Education
4/8/2016	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2017	Senate	Session Sine Die

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