Rep. Ann M. Williams

Filed: 3/1/2023

 

 


 

 


 
10300HB2492ham001LRB103 26244 RJT 58004 a

1
AMENDMENT TO HOUSE BILL 2492

2    AMENDMENT NO. ______. Amend House Bill 2492 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The School Code is amended by changing
5Sections 19-1 and 19b-6 and by adding Section 19b-5.5 as
6follows:
 
7    (105 ILCS 5/19-1)
8    Sec. 19-1. Debt limitations of school districts.
9    (a) School districts shall not be subject to the
10provisions limiting their indebtedness prescribed in the Local
11Government Debt Limitation Act.
12    No school districts maintaining grades K through 8 or 9
13through 12 shall become indebted in any manner or for any
14purpose to an amount, including existing indebtedness, in the
15aggregate exceeding 6.9% on the value of the taxable property
16therein to be ascertained by the last assessment for State and

 

 

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1county taxes or, until January 1, 1983, if greater, the sum
2that is produced by multiplying the school district's 1978
3equalized assessed valuation by the debt limitation percentage
4in effect on January 1, 1979, previous to the incurring of such
5indebtedness.
6    No school districts maintaining grades K through 12 shall
7become indebted in any manner or for any purpose to an amount,
8including existing indebtedness, in the aggregate exceeding
913.8% on the value of the taxable property therein to be
10ascertained by the last assessment for State and county taxes
11or, until January 1, 1983, if greater, the sum that is produced
12by multiplying the school district's 1978 equalized assessed
13valuation by the debt limitation percentage in effect on
14January 1, 1979, previous to the incurring of such
15indebtedness.
16    No partial elementary unit district, as defined in Article
1711E of this Code, shall become indebted in any manner or for
18any purpose in an amount, including existing indebtedness, in
19the aggregate exceeding 6.9% of the value of the taxable
20property of the entire district, to be ascertained by the last
21assessment for State and county taxes, plus an amount,
22including existing indebtedness, in the aggregate exceeding
236.9% of the value of the taxable property of that portion of
24the district included in the elementary and high school
25classification, to be ascertained by the last assessment for
26State and county taxes. Moreover, no partial elementary unit

 

 

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1district, as defined in Article 11E of this Code, shall become
2indebted on account of bonds issued by the district for high
3school purposes in the aggregate exceeding 6.9% of the value
4of the taxable property of the entire district, to be
5ascertained by the last assessment for State and county taxes,
6nor shall the district become indebted on account of bonds
7issued by the district for elementary purposes in the
8aggregate exceeding 6.9% of the value of the taxable property
9for that portion of the district included in the elementary
10and high school classification, to be ascertained by the last
11assessment for State and county taxes.
12    Notwithstanding the provisions of any other law to the
13contrary, in any case in which the voters of a school district
14have approved a proposition for the issuance of bonds of such
15school district at an election held prior to January 1, 1979,
16and all of the bonds approved at such election have not been
17issued, the debt limitation applicable to such school district
18during the calendar year 1979 shall be computed by multiplying
19the value of taxable property therein, including personal
20property, as ascertained by the last assessment for State and
21county taxes, previous to the incurring of such indebtedness,
22by the percentage limitation applicable to such school
23district under the provisions of this subsection (a).
24    (a-5) After January 1, 2018, no school district may issue
25bonds under Sections 19-2 through 19-7 of this Code and rely on
26an exception to the debt limitations in this Section unless it

 

 

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1has complied with the requirements of Section 21 of the Bond
2Issue Notification Act and the bonds have been approved by
3referendum.
4    (b) Notwithstanding the debt limitation prescribed in
5subsection (a) of this Section, additional indebtedness may be
6incurred in an amount not to exceed the estimated cost of
7acquiring or improving school sites or constructing and
8equipping additional building facilities under the following
9conditions:
10        (1) Whenever the enrollment of students for the next
11    school year is estimated by the board of education to
12    increase over the actual present enrollment by not less
13    than 35% or by not less than 200 students or the actual
14    present enrollment of students has increased over the
15    previous school year by not less than 35% or by not less
16    than 200 students and the board of education determines
17    that additional school sites or building facilities are
18    required as a result of such increase in enrollment; and
19        (2) When the Regional Superintendent of Schools having
20    jurisdiction over the school district and the State
21    Superintendent of Education concur in such enrollment
22    projection or increase and approve the need for such
23    additional school sites or building facilities and the
24    estimated cost thereof; and
25        (3) When the voters in the school district approve a
26    proposition for the issuance of bonds for the purpose of

 

 

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1    acquiring or improving such needed school sites or
2    constructing and equipping such needed additional building
3    facilities at an election called and held for that
4    purpose. Notice of such an election shall state that the
5    amount of indebtedness proposed to be incurred would
6    exceed the debt limitation otherwise applicable to the
7    school district. The ballot for such proposition shall
8    state what percentage of the equalized assessed valuation
9    will be outstanding in bonds if the proposed issuance of
10    bonds is approved by the voters; or
11        (4) Notwithstanding the provisions of paragraphs (1)
12    through (3) of this subsection (b), if the school board
13    determines that additional facilities are needed to
14    provide a quality educational program and not less than
15    2/3 of those voting in an election called by the school
16    board on the question approve the issuance of bonds for
17    the construction of such facilities, the school district
18    may issue bonds for this purpose; or
19        (5) Notwithstanding the provisions of paragraphs (1)
20    through (3) of this subsection (b), if (i) the school
21    district has previously availed itself of the provisions
22    of paragraph (4) of this subsection (b) to enable it to
23    issue bonds, (ii) the voters of the school district have
24    not defeated a proposition for the issuance of bonds since
25    the referendum described in paragraph (4) of this
26    subsection (b) was held, (iii) the school board determines

 

 

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1    that additional facilities are needed to provide a quality
2    educational program, and (iv) a majority of those voting
3    in an election called by the school board on the question
4    approve the issuance of bonds for the construction of such
5    facilities, the school district may issue bonds for this
6    purpose.
7    In no event shall the indebtedness incurred pursuant to
8this subsection (b) and the existing indebtedness of the
9school district exceed 15% of the value of the taxable
10property therein to be ascertained by the last assessment for
11State and county taxes, previous to the incurring of such
12indebtedness or, until January 1, 1983, if greater, the sum
13that is produced by multiplying the school district's 1978
14equalized assessed valuation by the debt limitation percentage
15in effect on January 1, 1979.
16    The indebtedness provided for by this subsection (b) shall
17be in addition to and in excess of any other debt limitation.
18    (c) Notwithstanding the debt limitation prescribed in
19subsection (a) of this Section, in any case in which a public
20question for the issuance of bonds of a proposed school
21district maintaining grades kindergarten through 12 received
22at least 60% of the valid ballots cast on the question at an
23election held on or prior to November 8, 1994, and in which the
24bonds approved at such election have not been issued, the
25school district pursuant to the requirements of Section 11A-10
26(now repealed) may issue the total amount of bonds approved at

 

 

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1such election for the purpose stated in the question.
2    (d) Notwithstanding the debt limitation prescribed in
3subsection (a) of this Section, a school district that meets
4all the criteria set forth in paragraphs (1) and (2) of this
5subsection (d) may incur an additional indebtedness in an
6amount not to exceed $4,500,000, even though the amount of the
7additional indebtedness authorized by this subsection (d),
8when incurred and added to the aggregate amount of
9indebtedness of the district existing immediately prior to the
10district incurring the additional indebtedness authorized by
11this subsection (d), causes the aggregate indebtedness of the
12district to exceed the debt limitation otherwise applicable to
13that district under subsection (a):
14        (1) The additional indebtedness authorized by this
15    subsection (d) is incurred by the school district through
16    the issuance of bonds under and in accordance with Section
17    17-2.11a for the purpose of replacing a school building
18    which, because of mine subsidence damage, has been closed
19    as provided in paragraph (2) of this subsection (d) or
20    through the issuance of bonds under and in accordance with
21    Section 19-3 for the purpose of increasing the size of, or
22    providing for additional functions in, such replacement
23    school buildings, or both such purposes.
24        (2) The bonds issued by the school district as
25    provided in paragraph (1) above are issued for the
26    purposes of construction by the school district of a new

 

 

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1    school building pursuant to Section 17-2.11, to replace an
2    existing school building that, because of mine subsidence
3    damage, is closed as of the end of the 1992-93 school year
4    pursuant to action of the regional superintendent of
5    schools of the educational service region in which the
6    district is located under Section 3-14.22 or are issued
7    for the purpose of increasing the size of, or providing
8    for additional functions in, the new school building being
9    constructed to replace a school building closed as the
10    result of mine subsidence damage, or both such purposes.
11    (e) (Blank).
12    (f) Notwithstanding the provisions of subsection (a) of
13this Section or of any other law, bonds in not to exceed the
14aggregate amount of $5,500,000 and issued by a school district
15meeting the following criteria shall not be considered
16indebtedness for purposes of any statutory limitation and may
17be issued in an amount or amounts, including existing
18indebtedness, in excess of any heretofore or hereafter imposed
19statutory limitation as to indebtedness:
20        (1) At the time of the sale of such bonds, the board of
21    education of the district shall have determined by
22    resolution that the enrollment of students in the district
23    is projected to increase by not less than 7% during each of
24    the next succeeding 2 school years.
25        (2) The board of education shall also determine by
26    resolution that the improvements to be financed with the

 

 

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1    proceeds of the bonds are needed because of the projected
2    enrollment increases.
3        (3) The board of education shall also determine by
4    resolution that the projected increases in enrollment are
5    the result of improvements made or expected to be made to
6    passenger rail facilities located in the school district.
7    Notwithstanding the provisions of subsection (a) of this
8Section or of any other law, a school district that has availed
9itself of the provisions of this subsection (f) prior to July
1022, 2004 (the effective date of Public Act 93-799) may also
11issue bonds approved by referendum up to an amount, including
12existing indebtedness, not exceeding 25% of the equalized
13assessed value of the taxable property in the district if all
14of the conditions set forth in items (1), (2), and (3) of this
15subsection (f) are met.
16    (g) Notwithstanding the provisions of subsection (a) of
17this Section or any other law, bonds in not to exceed an
18aggregate amount of 25% of the equalized assessed value of the
19taxable property of a school district and issued by a school
20district meeting the criteria in paragraphs (i) through (iv)
21of this subsection shall not be considered indebtedness for
22purposes of any statutory limitation and may be issued
23pursuant to resolution of the school board in an amount or
24amounts, including existing indebtedness, in excess of any
25statutory limitation of indebtedness heretofore or hereafter
26imposed:

 

 

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1        (i) The bonds are issued for the purpose of
2    constructing a new high school building to replace two
3    adjacent existing buildings which together house a single
4    high school, each of which is more than 65 years old, and
5    which together are located on more than 10 acres and less
6    than 11 acres of property.
7        (ii) At the time the resolution authorizing the
8    issuance of the bonds is adopted, the cost of constructing
9    a new school building to replace the existing school
10    building is less than 60% of the cost of repairing the
11    existing school building.
12        (iii) The sale of the bonds occurs before July 1,
13    1997.
14        (iv) The school district issuing the bonds is a unit
15    school district located in a county of less than 70,000
16    and more than 50,000 inhabitants, which has an average
17    daily attendance of less than 1,500 and an equalized
18    assessed valuation of less than $29,000,000.
19    (h) Notwithstanding any other provisions of this Section
20or the provisions of any other law, until January 1, 1998, a
21community unit school district maintaining grades K through 12
22may issue bonds up to an amount, including existing
23indebtedness, not exceeding 27.6% of the equalized assessed
24value of the taxable property in the district, if all of the
25following conditions are met:
26        (i) The school district has an equalized assessed

 

 

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1    valuation for calendar year 1995 of less than $24,000,000;
2        (ii) The bonds are issued for the capital improvement,
3    renovation, rehabilitation, or replacement of existing
4    school buildings of the district, all of which buildings
5    were originally constructed not less than 40 years ago;
6        (iii) The voters of the district approve a proposition
7    for the issuance of the bonds at a referendum held after
8    March 19, 1996; and
9        (iv) The bonds are issued pursuant to Sections 19-2
10    through 19-7 of this Code.
11    (i) Notwithstanding any other provisions of this Section
12or the provisions of any other law, until January 1, 1998, a
13community unit school district maintaining grades K through 12
14may issue bonds up to an amount, including existing
15indebtedness, not exceeding 27% of the equalized assessed
16value of the taxable property in the district, if all of the
17following conditions are met:
18        (i) The school district has an equalized assessed
19    valuation for calendar year 1995 of less than $44,600,000;
20        (ii) The bonds are issued for the capital improvement,
21    renovation, rehabilitation, or replacement of existing
22    school buildings of the district, all of which existing
23    buildings were originally constructed not less than 80
24    years ago;
25        (iii) The voters of the district approve a proposition
26    for the issuance of the bonds at a referendum held after

 

 

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1    December 31, 1996; and
2        (iv) The bonds are issued pursuant to Sections 19-2
3    through 19-7 of this Code.
4    (j) Notwithstanding any other provisions of this Section
5or the provisions of any other law, until January 1, 1999, a
6community unit school district maintaining grades K through 12
7may issue bonds up to an amount, including existing
8indebtedness, not exceeding 27% of the equalized assessed
9value of the taxable property in the district if all of the
10following conditions are met:
11        (i) The school district has an equalized assessed
12    valuation for calendar year 1995 of less than $140,000,000
13    and a best 3 months average daily attendance for the
14    1995-96 school year of at least 2,800;
15        (ii) The bonds are issued to purchase a site and build
16    and equip a new high school, and the school district's
17    existing high school was originally constructed not less
18    than 35 years prior to the sale of the bonds;
19        (iii) At the time of the sale of the bonds, the board
20    of education determines by resolution that a new high
21    school is needed because of projected enrollment
22    increases;
23        (iv) At least 60% of those voting in an election held
24    after December 31, 1996 approve a proposition for the
25    issuance of the bonds; and
26        (v) The bonds are issued pursuant to Sections 19-2

 

 

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1    through 19-7 of this Code.
2    (k) Notwithstanding the debt limitation prescribed in
3subsection (a) of this Section, a school district that meets
4all the criteria set forth in paragraphs (1) through (4) of
5this subsection (k) may issue bonds to incur an additional
6indebtedness in an amount not to exceed $4,000,000 even though
7the amount of the additional indebtedness authorized by this
8subsection (k), when incurred and added to the aggregate
9amount of indebtedness of the school district existing
10immediately prior to the school district incurring such
11additional indebtedness, causes the aggregate indebtedness of
12the school district to exceed or increases the amount by which
13the aggregate indebtedness of the district already exceeds the
14debt limitation otherwise applicable to that school district
15under subsection (a):
16        (1) the school district is located in 2 counties, and
17    a referendum to authorize the additional indebtedness was
18    approved by a majority of the voters of the school
19    district voting on the proposition to authorize that
20    indebtedness;
21        (2) the additional indebtedness is for the purpose of
22    financing a multi-purpose room addition to the existing
23    high school;
24        (3) the additional indebtedness, together with the
25    existing indebtedness of the school district, shall not
26    exceed 17.4% of the value of the taxable property in the

 

 

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1    school district, to be ascertained by the last assessment
2    for State and county taxes; and
3        (4) the bonds evidencing the additional indebtedness
4    are issued, if at all, within 120 days of August 14, 1998
5    (the effective date of Public Act 90-757).
6    (l) Notwithstanding any other provisions of this Section
7or the provisions of any other law, until January 1, 2000, a
8school district maintaining grades kindergarten through 8 may
9issue bonds up to an amount, including existing indebtedness,
10not exceeding 15% of the equalized assessed value of the
11taxable property in the district if all of the following
12conditions are met:
13        (i) the district has an equalized assessed valuation
14    for calendar year 1996 of less than $10,000,000;
15        (ii) the bonds are issued for capital improvement,
16    renovation, rehabilitation, or replacement of one or more
17    school buildings of the district, which buildings were
18    originally constructed not less than 70 years ago;
19        (iii) the voters of the district approve a proposition
20    for the issuance of the bonds at a referendum held on or
21    after March 17, 1998; and
22        (iv) the bonds are issued pursuant to Sections 19-2
23    through 19-7 of this Code.
24    (m) Notwithstanding any other provisions of this Section
25or the provisions of any other law, until January 1, 1999, an
26elementary school district maintaining grades K through 8 may

 

 

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1issue bonds up to an amount, excluding existing indebtedness,
2not exceeding 18% of the equalized assessed value of the
3taxable property in the district, if all of the following
4conditions are met:
5        (i) The school district has an equalized assessed
6    valuation for calendar year 1995 or less than $7,700,000;
7        (ii) The school district operates 2 elementary
8    attendance centers that until 1976 were operated as the
9    attendance centers of 2 separate and distinct school
10    districts;
11        (iii) The bonds are issued for the construction of a
12    new elementary school building to replace an existing
13    multi-level elementary school building of the school
14    district that is not accessible at all levels and parts of
15    which were constructed more than 75 years ago;
16        (iv) The voters of the school district approve a
17    proposition for the issuance of the bonds at a referendum
18    held after July 1, 1998; and
19        (v) The bonds are issued pursuant to Sections 19-2
20    through 19-7 of this Code.
21    (n) Notwithstanding the debt limitation prescribed in
22subsection (a) of this Section or any other provisions of this
23Section or of any other law, a school district that meets all
24of the criteria set forth in paragraphs (i) through (vi) of
25this subsection (n) may incur additional indebtedness by the
26issuance of bonds in an amount not exceeding the amount

 

 

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1certified by the Capital Development Board to the school
2district as provided in paragraph (iii) of this subsection
3(n), even though the amount of the additional indebtedness so
4authorized, when incurred and added to the aggregate amount of
5indebtedness of the district existing immediately prior to the
6district incurring the additional indebtedness authorized by
7this subsection (n), causes the aggregate indebtedness of the
8district to exceed the debt limitation otherwise applicable by
9law to that district:
10        (i) The school district applies to the State Board of
11    Education for a school construction project grant and
12    submits a district facilities plan in support of its
13    application pursuant to Section 5-20 of the School
14    Construction Law.
15        (ii) The school district's application and facilities
16    plan are approved by, and the district receives a grant
17    entitlement for a school construction project issued by,
18    the State Board of Education under the School Construction
19    Law.
20        (iii) The school district has exhausted its bonding
21    capacity or the unused bonding capacity of the district is
22    less than the amount certified by the Capital Development
23    Board to the district under Section 5-15 of the School
24    Construction Law as the dollar amount of the school
25    construction project's cost that the district will be
26    required to finance with non-grant funds in order to

 

 

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1    receive a school construction project grant under the
2    School Construction Law.
3        (iv) The bonds are issued for a "school construction
4    project", as that term is defined in Section 5-5 of the
5    School Construction Law, in an amount that does not exceed
6    the dollar amount certified, as provided in paragraph
7    (iii) of this subsection (n), by the Capital Development
8    Board to the school district under Section 5-15 of the
9    School Construction Law.
10        (v) The voters of the district approve a proposition
11    for the issuance of the bonds at a referendum held after
12    the criteria specified in paragraphs (i) and (iii) of this
13    subsection (n) are met.
14        (vi) The bonds are issued pursuant to Sections 19-2
15    through 19-7 of the School Code.
16    (o) Notwithstanding any other provisions of this Section
17or the provisions of any other law, until November 1, 2007, a
18community unit school district maintaining grades K through 12
19may issue bonds up to an amount, including existing
20indebtedness, not exceeding 20% of the equalized assessed
21value of the taxable property in the district if all of the
22following conditions are met:
23        (i) the school district has an equalized assessed
24    valuation for calendar year 2001 of at least $737,000,000
25    and an enrollment for the 2002-2003 school year of at
26    least 8,500;

 

 

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1        (ii) the bonds are issued to purchase school sites,
2    build and equip a new high school, build and equip a new
3    junior high school, build and equip 5 new elementary
4    schools, and make technology and other improvements and
5    additions to existing schools;
6        (iii) at the time of the sale of the bonds, the board
7    of education determines by resolution that the sites and
8    new or improved facilities are needed because of projected
9    enrollment increases;
10        (iv) at least 57% of those voting in a general
11    election held prior to January 1, 2003 approved a
12    proposition for the issuance of the bonds; and
13        (v) the bonds are issued pursuant to Sections 19-2
14    through 19-7 of this Code.
15    (p) Notwithstanding any other provisions of this Section
16or the provisions of any other law, a community unit school
17district maintaining grades K through 12 may issue bonds up to
18an amount, including indebtedness, not exceeding 27% of the
19equalized assessed value of the taxable property in the
20district if all of the following conditions are met:
21        (i) The school district has an equalized assessed
22    valuation for calendar year 2001 of at least $295,741,187
23    and a best 3 months' average daily attendance for the
24    2002-2003 school year of at least 2,394.
25        (ii) The bonds are issued to build and equip 3
26    elementary school buildings; build and equip one middle

 

 

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1    school building; and alter, repair, improve, and equip all
2    existing school buildings in the district.
3        (iii) At the time of the sale of the bonds, the board
4    of education determines by resolution that the project is
5    needed because of expanding growth in the school district
6    and a projected enrollment increase.
7        (iv) The bonds are issued pursuant to Sections 19-2
8    through 19-7 of this Code.
9    (p-5) Notwithstanding any other provisions of this Section
10or the provisions of any other law, bonds issued by a community
11unit school district maintaining grades K through 12 shall not
12be considered indebtedness for purposes of any statutory
13limitation and may be issued in an amount or amounts,
14including existing indebtedness, in excess of any heretofore
15or hereafter imposed statutory limitation as to indebtedness,
16if all of the following conditions are met:
17        (i) For each of the 4 most recent years, residential
18    property comprises more than 80% of the equalized assessed
19    valuation of the district.
20        (ii) At least 2 school buildings that were constructed
21    40 or more years prior to the issuance of the bonds will be
22    demolished and will be replaced by new buildings or
23    additions to one or more existing buildings.
24        (iii) Voters of the district approve a proposition for
25    the issuance of the bonds at a regularly scheduled
26    election.

 

 

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1        (iv) At the time of the sale of the bonds, the school
2    board determines by resolution that the new buildings or
3    building additions are needed because of an increase in
4    enrollment projected by the school board.
5        (v) The principal amount of the bonds, including
6    existing indebtedness, does not exceed 25% of the
7    equalized assessed value of the taxable property in the
8    district.
9        (vi) The bonds are issued prior to January 1, 2007,
10    pursuant to Sections 19-2 through 19-7 of this Code.
11    (p-10) Notwithstanding any other provisions of this
12Section or the provisions of any other law, bonds issued by a
13community consolidated school district maintaining grades K
14through 8 shall not be considered indebtedness for purposes of
15any statutory limitation and may be issued in an amount or
16amounts, including existing indebtedness, in excess of any
17heretofore or hereafter imposed statutory limitation as to
18indebtedness, if all of the following conditions are met:
19        (i) For each of the 4 most recent years, residential
20    and farm property comprises more than 80% of the equalized
21    assessed valuation of the district.
22        (ii) The bond proceeds are to be used to acquire and
23    improve school sites and build and equip a school
24    building.
25        (iii) Voters of the district approve a proposition for
26    the issuance of the bonds at a regularly scheduled

 

 

10300HB2492ham001- 21 -LRB103 26244 RJT 58004 a

1    election.
2        (iv) At the time of the sale of the bonds, the school
3    board determines by resolution that the school sites and
4    building additions are needed because of an increase in
5    enrollment projected by the school board.
6        (v) The principal amount of the bonds, including
7    existing indebtedness, does not exceed 20% of the
8    equalized assessed value of the taxable property in the
9    district.
10        (vi) The bonds are issued prior to January 1, 2007,
11    pursuant to Sections 19-2 through 19-7 of this Code.
12    (p-15) In addition to all other authority to issue bonds,
13the Oswego Community Unit School District Number 308 may issue
14bonds with an aggregate principal amount not to exceed
15$450,000,000, but only if all of the following conditions are
16met:
17        (i) The voters of the district have approved a
18    proposition for the bond issue at the general election
19    held on November 7, 2006.
20        (ii) At the time of the sale of the bonds, the school
21    board determines, by resolution, that: (A) the building
22    and equipping of the new high school building, new junior
23    high school buildings, new elementary school buildings,
24    early childhood building, maintenance building,
25    transportation facility, and additions to existing school
26    buildings, the altering, repairing, equipping, and

 

 

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1    provision of technology improvements to existing school
2    buildings, and the acquisition and improvement of school
3    sites, as the case may be, are required as a result of a
4    projected increase in the enrollment of students in the
5    district; and (B) the sale of bonds for these purposes is
6    authorized by legislation that exempts the debt incurred
7    on the bonds from the district's statutory debt
8    limitation.
9        (iii) The bonds are issued, in one or more bond
10    issues, on or before November 7, 2011, but the aggregate
11    principal amount issued in all such bond issues combined
12    must not exceed $450,000,000.
13        (iv) The bonds are issued in accordance with this
14    Article 19.
15        (v) The proceeds of the bonds are used only to
16    accomplish those projects approved by the voters at the
17    general election held on November 7, 2006.
18The debt incurred on any bonds issued under this subsection
19(p-15) shall not be considered indebtedness for purposes of
20any statutory debt limitation.
21    (p-20) In addition to all other authority to issue bonds,
22the Lincoln-Way Community High School District Number 210 may
23issue bonds with an aggregate principal amount not to exceed
24$225,000,000, but only if all of the following conditions are
25met:
26        (i) The voters of the district have approved a

 

 

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1    proposition for the bond issue at the general primary
2    election held on March 21, 2006.
3        (ii) At the time of the sale of the bonds, the school
4    board determines, by resolution, that: (A) the building
5    and equipping of the new high school buildings, the
6    altering, repairing, and equipping of existing school
7    buildings, and the improvement of school sites, as the
8    case may be, are required as a result of a projected
9    increase in the enrollment of students in the district;
10    and (B) the sale of bonds for these purposes is authorized
11    by legislation that exempts the debt incurred on the bonds
12    from the district's statutory debt limitation.
13        (iii) The bonds are issued, in one or more bond
14    issues, on or before March 21, 2011, but the aggregate
15    principal amount issued in all such bond issues combined
16    must not exceed $225,000,000.
17        (iv) The bonds are issued in accordance with this
18    Article 19.
19        (v) The proceeds of the bonds are used only to
20    accomplish those projects approved by the voters at the
21    primary election held on March 21, 2006.
22The debt incurred on any bonds issued under this subsection
23(p-20) shall not be considered indebtedness for purposes of
24any statutory debt limitation.
25    (p-25) In addition to all other authority to issue bonds,
26Rochester Community Unit School District 3A may issue bonds

 

 

10300HB2492ham001- 24 -LRB103 26244 RJT 58004 a

1with an aggregate principal amount not to exceed $18,500,000,
2but only if all of the following conditions are met:
3        (i) The voters of the district approve a proposition
4    for the bond issuance at the general primary election held
5    in 2008.
6        (ii) At the time of the sale of the bonds, the school
7    board determines, by resolution, that: (A) the building
8    and equipping of a new high school building; the addition
9    of classrooms and support facilities at the high school,
10    middle school, and elementary school; the altering,
11    repairing, and equipping of existing school buildings; and
12    the improvement of school sites, as the case may be, are
13    required as a result of a projected increase in the
14    enrollment of students in the district; and (B) the sale
15    of bonds for these purposes is authorized by a law that
16    exempts the debt incurred on the bonds from the district's
17    statutory debt limitation.
18        (iii) The bonds are issued, in one or more bond
19    issues, on or before December 31, 2012, but the aggregate
20    principal amount issued in all such bond issues combined
21    must not exceed $18,500,000.
22        (iv) The bonds are issued in accordance with this
23    Article 19.
24        (v) The proceeds of the bonds are used to accomplish
25    only those projects approved by the voters at the primary
26    election held in 2008.

 

 

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1The debt incurred on any bonds issued under this subsection
2(p-25) shall not be considered indebtedness for purposes of
3any statutory debt limitation.
4    (p-30) In addition to all other authority to issue bonds,
5Prairie Grove Consolidated School District 46 may issue bonds
6with an aggregate principal amount not to exceed $30,000,000,
7but only if all of the following conditions are met:
8        (i) The voters of the district approve a proposition
9    for the bond issuance at an election held in 2008.
10        (ii) At the time of the sale of the bonds, the school
11    board determines, by resolution, that (A) the building and
12    equipping of a new school building and additions to
13    existing school buildings are required as a result of a
14    projected increase in the enrollment of students in the
15    district and (B) the altering, repairing, and equipping of
16    existing school buildings are required because of the age
17    of the existing school buildings.
18        (iii) The bonds are issued, in one or more bond
19    issuances, on or before December 31, 2012; however, the
20    aggregate principal amount issued in all such bond
21    issuances combined must not exceed $30,000,000.
22        (iv) The bonds are issued in accordance with this
23    Article.
24        (v) The proceeds of the bonds are used to accomplish
25    only those projects approved by the voters at an election
26    held in 2008.

 

 

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1The debt incurred on any bonds issued under this subsection
2(p-30) shall not be considered indebtedness for purposes of
3any statutory debt limitation.
4    (p-35) In addition to all other authority to issue bonds,
5Prairie Hill Community Consolidated School District 133 may
6issue bonds with an aggregate principal amount not to exceed
7$13,900,000, but only if all of the following conditions are
8met:
9        (i) The voters of the district approved a proposition
10    for the bond issuance at an election held on April 17,
11    2007.
12        (ii) At the time of the sale of the bonds, the school
13    board determines, by resolution, that (A) the improvement
14    of the site of and the building and equipping of a school
15    building are required as a result of a projected increase
16    in the enrollment of students in the district and (B) the
17    repairing and equipping of the Prairie Hill Elementary
18    School building is required because of the age of that
19    school building.
20        (iii) The bonds are issued, in one or more bond
21    issuances, on or before December 31, 2011, but the
22    aggregate principal amount issued in all such bond
23    issuances combined must not exceed $13,900,000.
24        (iv) The bonds are issued in accordance with this
25    Article.
26        (v) The proceeds of the bonds are used to accomplish

 

 

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1    only those projects approved by the voters at an election
2    held on April 17, 2007.
3The debt incurred on any bonds issued under this subsection
4(p-35) shall not be considered indebtedness for purposes of
5any statutory debt limitation.
6    (p-40) In addition to all other authority to issue bonds,
7Mascoutah Community Unit District 19 may issue bonds with an
8aggregate principal amount not to exceed $55,000,000, but only
9if all of the following conditions are met:
10        (1) The voters of the district approve a proposition
11    for the bond issuance at a regular election held on or
12    after November 4, 2008.
13        (2) At the time of the sale of the bonds, the school
14    board determines, by resolution, that (i) the building and
15    equipping of a new high school building is required as a
16    result of a projected increase in the enrollment of
17    students in the district and the age and condition of the
18    existing high school building, (ii) the existing high
19    school building will be demolished, and (iii) the sale of
20    bonds is authorized by statute that exempts the debt
21    incurred on the bonds from the district's statutory debt
22    limitation.
23        (3) The bonds are issued, in one or more bond
24    issuances, on or before December 31, 2011, but the
25    aggregate principal amount issued in all such bond
26    issuances combined must not exceed $55,000,000.

 

 

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1        (4) The bonds are issued in accordance with this
2    Article.
3        (5) The proceeds of the bonds are used to accomplish
4    only those projects approved by the voters at a regular
5    election held on or after November 4, 2008.
6    The debt incurred on any bonds issued under this
7subsection (p-40) shall not be considered indebtedness for
8purposes of any statutory debt limitation.
9    (p-45) Notwithstanding the provisions of subsection (a) of
10this Section or of any other law, bonds issued pursuant to
11Section 19-3.5 of this Code shall not be considered
12indebtedness for purposes of any statutory limitation if the
13bonds are issued in an amount or amounts, including existing
14indebtedness of the school district, not in excess of 18.5% of
15the value of the taxable property in the district to be
16ascertained by the last assessment for State and county taxes.
17    (p-50) Notwithstanding the provisions of subsection (a) of
18this Section or of any other law, bonds issued pursuant to
19Section 19-3.10 of this Code shall not be considered
20indebtedness for purposes of any statutory limitation if the
21bonds are issued in an amount or amounts, including existing
22indebtedness of the school district, not in excess of 43% of
23the value of the taxable property in the district to be
24ascertained by the last assessment for State and county taxes.
25    (p-55) In addition to all other authority to issue bonds,
26Belle Valley School District 119 may issue bonds with an

 

 

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1aggregate principal amount not to exceed $47,500,000, but only
2if all of the following conditions are met:
3        (1) The voters of the district approve a proposition
4    for the bond issuance at an election held on or after April
5    7, 2009.
6        (2) Prior to the issuance of the bonds, the school
7    board determines, by resolution, that (i) the building and
8    equipping of a new school building is required as a result
9    of mine subsidence in an existing school building and
10    because of the age and condition of another existing
11    school building and (ii) the issuance of bonds is
12    authorized by statute that exempts the debt incurred on
13    the bonds from the district's statutory debt limitation.
14        (3) The bonds are issued, in one or more bond
15    issuances, on or before March 31, 2014, but the aggregate
16    principal amount issued in all such bond issuances
17    combined must not exceed $47,500,000.
18        (4) The bonds are issued in accordance with this
19    Article.
20        (5) The proceeds of the bonds are used to accomplish
21    only those projects approved by the voters at an election
22    held on or after April 7, 2009.
23    The debt incurred on any bonds issued under this
24subsection (p-55) shall not be considered indebtedness for
25purposes of any statutory debt limitation. Bonds issued under
26this subsection (p-55) must mature within not to exceed 30

 

 

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1years from their date, notwithstanding any other law to the
2contrary.
3    (p-60) In addition to all other authority to issue bonds,
4Wilmington Community Unit School District Number 209-U may
5issue bonds with an aggregate principal amount not to exceed
6$2,285,000, but only if all of the following conditions are
7met:
8        (1) The proceeds of the bonds are used to accomplish
9    only those projects approved by the voters at the general
10    primary election held on March 21, 2006.
11        (2) Prior to the issuance of the bonds, the school
12    board determines, by resolution, that (i) the projects
13    approved by the voters were and are required because of
14    the age and condition of the school district's prior and
15    existing school buildings and (ii) the issuance of the
16    bonds is authorized by legislation that exempts the debt
17    incurred on the bonds from the district's statutory debt
18    limitation.
19        (3) The bonds are issued in one or more bond issuances
20    on or before March 1, 2011, but the aggregate principal
21    amount issued in all those bond issuances combined must
22    not exceed $2,285,000.
23        (4) The bonds are issued in accordance with this
24    Article.
25    The debt incurred on any bonds issued under this
26subsection (p-60) shall not be considered indebtedness for

 

 

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1purposes of any statutory debt limitation.
2    (p-65) In addition to all other authority to issue bonds,
3West Washington County Community Unit School District 10 may
4issue bonds with an aggregate principal amount not to exceed
5$32,200,000 and maturing over a period not exceeding 25 years,
6but only if all of the following conditions are met:
7        (1) The voters of the district approve a proposition
8    for the bond issuance at an election held on or after
9    February 2, 2010.
10        (2) Prior to the issuance of the bonds, the school
11    board determines, by resolution, that (A) all or a portion
12    of the existing Okawville Junior/Senior High School
13    Building will be demolished; (B) the building and
14    equipping of a new school building to be attached to and
15    the alteration, repair, and equipping of the remaining
16    portion of the Okawville Junior/Senior High School
17    Building is required because of the age and current
18    condition of that school building; and (C) the issuance of
19    bonds is authorized by a statute that exempts the debt
20    incurred on the bonds from the district's statutory debt
21    limitation.
22        (3) The bonds are issued, in one or more bond
23    issuances, on or before March 31, 2014, but the aggregate
24    principal amount issued in all such bond issuances
25    combined must not exceed $32,200,000.
26        (4) The bonds are issued in accordance with this

 

 

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1    Article.
2        (5) The proceeds of the bonds are used to accomplish
3    only those projects approved by the voters at an election
4    held on or after February 2, 2010.
5    The debt incurred on any bonds issued under this
6subsection (p-65) shall not be considered indebtedness for
7purposes of any statutory debt limitation.
8    (p-70) In addition to all other authority to issue bonds,
9Cahokia Community Unit School District 187 may issue bonds
10with an aggregate principal amount not to exceed $50,000,000,
11but only if all the following conditions are met:
12        (1) The voters of the district approve a proposition
13    for the bond issuance at an election held on or after
14    November 2, 2010.
15        (2) Prior to the issuance of the bonds, the school
16    board determines, by resolution, that (i) the building and
17    equipping of a new school building is required as a result
18    of the age and condition of an existing school building
19    and (ii) the issuance of bonds is authorized by a statute
20    that exempts the debt incurred on the bonds from the
21    district's statutory debt limitation.
22        (3) The bonds are issued, in one or more issuances, on
23    or before July 1, 2016, but the aggregate principal amount
24    issued in all such bond issuances combined must not exceed
25    $50,000,000.
26        (4) The bonds are issued in accordance with this

 

 

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1    Article.
2        (5) The proceeds of the bonds are used to accomplish
3    only those projects approved by the voters at an election
4    held on or after November 2, 2010.
5    The debt incurred on any bonds issued under this
6subsection (p-70) shall not be considered indebtedness for
7purposes of any statutory debt limitation. Bonds issued under
8this subsection (p-70) must mature within not to exceed 25
9years from their date, notwithstanding any other law,
10including Section 19-3 of this Code, to the contrary.
11    (p-75) Notwithstanding the debt limitation prescribed in
12subsection (a) of this Section or any other provisions of this
13Section or of any other law, the execution of leases on or
14after January 1, 2007 and before July 1, 2011 by the Board of
15Education of Peoria School District 150 with a public building
16commission for leases entered into pursuant to the Public
17Building Commission Act shall not be considered indebtedness
18for purposes of any statutory debt limitation.
19    This subsection (p-75) applies only if the State Board of
20Education or the Capital Development Board makes one or more
21grants to Peoria School District 150 pursuant to the School
22Construction Law. The amount exempted from the debt limitation
23as prescribed in this subsection (p-75) shall be no greater
24than the amount of one or more grants awarded to Peoria School
25District 150 by the State Board of Education or the Capital
26Development Board.

 

 

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1    (p-80) In addition to all other authority to issue bonds,
2Ridgeland School District 122 may issue bonds with an
3aggregate principal amount not to exceed $50,000,000 for the
4purpose of refunding or continuing to refund bonds originally
5issued pursuant to voter approval at the general election held
6on November 7, 2000, and the debt incurred on any bonds issued
7under this subsection (p-80) shall not be considered
8indebtedness for purposes of any statutory debt limitation.
9Bonds issued under this subsection (p-80) may be issued in one
10or more issuances and must mature within not to exceed 25 years
11from their date, notwithstanding any other law, including
12Section 19-3 of this Code, to the contrary.
13    (p-85) In addition to all other authority to issue bonds,
14Hall High School District 502 may issue bonds with an
15aggregate principal amount not to exceed $32,000,000, but only
16if all the following conditions are met:
17        (1) The voters of the district approve a proposition
18    for the bond issuance at an election held on or after April
19    9, 2013.
20        (2) Prior to the issuance of the bonds, the school
21    board determines, by resolution, that (i) the building and
22    equipping of a new school building is required as a result
23    of the age and condition of an existing school building,
24    (ii) the existing school building should be demolished in
25    its entirety or the existing school building should be
26    demolished except for the 1914 west wing of the building,

 

 

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1    and (iii) the issuance of bonds is authorized by a statute
2    that exempts the debt incurred on the bonds from the
3    district's statutory debt limitation.
4        (3) The bonds are issued, in one or more issuances,
5    not later than 5 years after the date of the referendum
6    approving the issuance of the bonds, but the aggregate
7    principal amount issued in all such bond issuances
8    combined must not exceed $32,000,000.
9        (4) The bonds are issued in accordance with this
10    Article.
11        (5) The proceeds of the bonds are used to accomplish
12    only those projects approved by the voters at an election
13    held on or after April 9, 2013.
14    The debt incurred on any bonds issued under this
15subsection (p-85) shall not be considered indebtedness for
16purposes of any statutory debt limitation. Bonds issued under
17this subsection (p-85) must mature within not to exceed 30
18years from their date, notwithstanding any other law,
19including Section 19-3 of this Code, to the contrary.
20    (p-90) In addition to all other authority to issue bonds,
21Lebanon Community Unit School District 9 may issue bonds with
22an aggregate principal amount not to exceed $7,500,000, but
23only if all of the following conditions are met:
24        (1) The voters of the district approved a proposition
25    for the bond issuance at the general primary election on
26    February 2, 2010.

 

 

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1        (2) At or prior to the time of the sale of the bonds,
2    the school board determines, by resolution, that (i) the
3    building and equipping of a new elementary school building
4    is required as a result of a projected increase in the
5    enrollment of students in the district and the age and
6    condition of the existing Lebanon Elementary School
7    building, (ii) a portion of the existing Lebanon
8    Elementary School building will be demolished and the
9    remaining portion will be altered, repaired, and equipped,
10    and (iii) the sale of bonds is authorized by a statute that
11    exempts the debt incurred on the bonds from the district's
12    statutory debt limitation.
13        (3) The bonds are issued, in one or more bond
14    issuances, on or before April 1, 2014, but the aggregate
15    principal amount issued in all such bond issuances
16    combined must not exceed $7,500,000.
17        (4) The bonds are issued in accordance with this
18    Article.
19        (5) The proceeds of the bonds are used to accomplish
20    only those projects approved by the voters at the general
21    primary election held on February 2, 2010.
22    The debt incurred on any bonds issued under this
23subsection (p-90) shall not be considered indebtedness for
24purposes of any statutory debt limitation.
25    (p-95) In addition to all other authority to issue bonds,
26Monticello Community Unit School District 25 may issue bonds

 

 

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1with an aggregate principal amount not to exceed $35,000,000,
2but only if all of the following conditions are met:
3        (1) The voters of the district approve a proposition
4    for the bond issuance at an election held on or after
5    November 4, 2014.
6        (2) Prior to the issuance of the bonds, the school
7    board determines, by resolution, that (i) the building and
8    equipping of a new school building is required as a result
9    of the age and condition of an existing school building
10    and (ii) the issuance of bonds is authorized by a statute
11    that exempts the debt incurred on the bonds from the
12    district's statutory debt limitation.
13        (3) The bonds are issued, in one or more issuances, on
14    or before July 1, 2020, but the aggregate principal amount
15    issued in all such bond issuances combined must not exceed
16    $35,000,000.
17        (4) The bonds are issued in accordance with this
18    Article.
19        (5) The proceeds of the bonds are used to accomplish
20    only those projects approved by the voters at an election
21    held on or after November 4, 2014.
22    The debt incurred on any bonds issued under this
23subsection (p-95) shall not be considered indebtedness for
24purposes of any statutory debt limitation. Bonds issued under
25this subsection (p-95) must mature within not to exceed 25
26years from their date, notwithstanding any other law,

 

 

10300HB2492ham001- 38 -LRB103 26244 RJT 58004 a

1including Section 19-3 of this Code, to the contrary.
2    (p-100) In addition to all other authority to issue bonds,
3the community unit school district created in the territory
4comprising Milford Community Consolidated School District 280
5and Milford Township High School District 233, as approved at
6the general primary election held on March 18, 2014, may issue
7bonds with an aggregate principal amount not to exceed
8$17,500,000, but only if all the following conditions are met:
9        (1) The voters of the district approve a proposition
10    for the bond issuance at an election held on or after
11    November 4, 2014.
12        (2) Prior to the issuance of the bonds, the school
13    board determines, by resolution, that (i) the building and
14    equipping of a new school building is required as a result
15    of the age and condition of an existing school building
16    and (ii) the issuance of bonds is authorized by a statute
17    that exempts the debt incurred on the bonds from the
18    district's statutory debt limitation.
19        (3) The bonds are issued, in one or more issuances, on
20    or before July 1, 2020, but the aggregate principal amount
21    issued in all such bond issuances combined must not exceed
22    $17,500,000.
23        (4) The bonds are issued in accordance with this
24    Article.
25        (5) The proceeds of the bonds are used to accomplish
26    only those projects approved by the voters at an election

 

 

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1    held on or after November 4, 2014.
2    The debt incurred on any bonds issued under this
3subsection (p-100) shall not be considered indebtedness for
4purposes of any statutory debt limitation. Bonds issued under
5this subsection (p-100) must mature within not to exceed 25
6years from their date, notwithstanding any other law,
7including Section 19-3 of this Code, to the contrary.
8    (p-105) In addition to all other authority to issue bonds,
9North Shore School District 112 may issue bonds with an
10aggregate principal amount not to exceed $150,000,000, but
11only if all of the following conditions are met:
12        (1) The voters of the district approve a proposition
13    for the bond issuance at an election held on or after March
14    15, 2016.
15        (2) Prior to the issuance of the bonds, the school
16    board determines, by resolution, that (i) the building and
17    equipping of new buildings and improving the sites thereof
18    and the building and equipping of additions to, altering,
19    repairing, equipping, and renovating existing buildings
20    and improving the sites thereof are required as a result
21    of the age and condition of the district's existing
22    buildings and (ii) the issuance of bonds is authorized by
23    a statute that exempts the debt incurred on the bonds from
24    the district's statutory debt limitation.
25        (3) The bonds are issued, in one or more issuances,
26    not later than 5 years after the date of the referendum

 

 

10300HB2492ham001- 40 -LRB103 26244 RJT 58004 a

1    approving the issuance of the bonds, but the aggregate
2    principal amount issued in all such bond issuances
3    combined must not exceed $150,000,000.
4        (4) The bonds are issued in accordance with this
5    Article.
6        (5) The proceeds of the bonds are used to accomplish
7    only those projects approved by the voters at an election
8    held on or after March 15, 2016.
9    The debt incurred on any bonds issued under this
10subsection (p-105) and on any bonds issued to refund or
11continue to refund such bonds shall not be considered
12indebtedness for purposes of any statutory debt limitation.
13Bonds issued under this subsection (p-105) and any bonds
14issued to refund or continue to refund such bonds must mature
15within not to exceed 30 years from their date, notwithstanding
16any other law, including Section 19-3 of this Code, to the
17contrary.
18    (p-110) In addition to all other authority to issue bonds,
19Sandoval Community Unit School District 501 may issue bonds
20with an aggregate principal amount not to exceed $2,000,000,
21but only if all of the following conditions are met:
22        (1) The voters of the district approved a proposition
23    for the bond issuance at an election held on March 20,
24    2012.
25        (2) Prior to the issuance of the bonds, the school
26    board determines, by resolution, that (i) the building and

 

 

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1    equipping of a new school building is required because of
2    the age and current condition of the Sandoval Elementary
3    School building and (ii) the issuance of bonds is
4    authorized by a statute that exempts the debt incurred on
5    the bonds from the district's statutory debt limitation.
6        (3) The bonds are issued, in one or more bond
7    issuances, on or before March 19, 2022, but the aggregate
8    principal amount issued in all such bond issuances
9    combined must not exceed $2,000,000.
10        (4) The bonds are issued in accordance with this
11    Article.
12        (5) The proceeds of the bonds are used to accomplish
13    only those projects approved by the voters at the election
14    held on March 20, 2012.
15    The debt incurred on any bonds issued under this
16subsection (p-110) and on any bonds issued to refund or
17continue to refund the bonds shall not be considered
18indebtedness for purposes of any statutory debt limitation.
19    (p-115) In addition to all other authority to issue bonds,
20Bureau Valley Community Unit School District 340 may issue
21bonds with an aggregate principal amount not to exceed
22$25,000,000, but only if all of the following conditions are
23met:
24        (1) The voters of the district approve a proposition
25    for the bond issuance at an election held on or after March
26    15, 2016.

 

 

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1        (2) Prior to the issuances of the bonds, the school
2    board determines, by resolution, that (i) the renovating
3    and equipping of some existing school buildings, the
4    building and equipping of new school buildings, and the
5    demolishing of some existing school buildings are required
6    as a result of the age and condition of existing school
7    buildings and (ii) the issuance of bonds is authorized by
8    a statute that exempts the debt incurred on the bonds from
9    the district's statutory debt limitation.
10        (3) The bonds are issued, in one or more issuances, on
11    or before July 1, 2021, but the aggregate principal amount
12    issued in all such bond issuances combined must not exceed
13    $25,000,000.
14        (4) The bonds are issued in accordance with this
15    Article.
16        (5) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at an election
18    held on or after March 15, 2016.
19    The debt incurred on any bonds issued under this
20subsection (p-115) shall not be considered indebtedness for
21purposes of any statutory debt limitation. Bonds issued under
22this subsection (p-115) must mature within not to exceed 30
23years from their date, notwithstanding any other law,
24including Section 19-3 of this Code, to the contrary.
25    (p-120) In addition to all other authority to issue bonds,
26Paxton-Buckley-Loda Community Unit School District 10 may

 

 

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1issue bonds with an aggregate principal amount not to exceed
2$28,500,000, but only if all the following conditions are met:
3        (1) The voters of the district approve a proposition
4    for the bond issuance at an election held on or after
5    November 8, 2016.
6        (2) Prior to the issuance of the bonds, the school
7    board determines, by resolution, that (i) the projects as
8    described in said proposition, relating to the building
9    and equipping of one or more school buildings or additions
10    to existing school buildings, are required as a result of
11    the age and condition of the District's existing buildings
12    and (ii) the issuance of bonds is authorized by a statute
13    that exempts the debt incurred on the bonds from the
14    district's statutory debt limitation.
15        (3) The bonds are issued, in one or more issuances,
16    not later than 5 years after the date of the referendum
17    approving the issuance of the bonds, but the aggregate
18    principal amount issued in all such bond issuances
19    combined must not exceed $28,500,000.
20        (4) The bonds are issued in accordance with this
21    Article.
22        (5) The proceeds of the bonds are used to accomplish
23    only those projects approved by the voters at an election
24    held on or after November 8, 2016.
25    The debt incurred on any bonds issued under this
26subsection (p-120) and on any bonds issued to refund or

 

 

10300HB2492ham001- 44 -LRB103 26244 RJT 58004 a

1continue to refund such bonds shall not be considered
2indebtedness for purposes of any statutory debt limitation.
3Bonds issued under this subsection (p-120) and any bonds
4issued to refund or continue to refund such bonds must mature
5within not to exceed 25 years from their date, notwithstanding
6any other law, including Section 19-3 of this Code, to the
7contrary.
8    (p-125) In addition to all other authority to issue bonds,
9Hillsboro Community Unit School District 3 may issue bonds
10with an aggregate principal amount not to exceed $34,500,000,
11but only if all the following conditions are met:
12        (1) The voters of the district approve a proposition
13    for the bond issuance at an election held on or after March
14    15, 2016.
15        (2) Prior to the issuance of the bonds, the school
16    board determines, by resolution, that (i) altering,
17    repairing, and equipping the high school
18    agricultural/vocational building, demolishing the high
19    school main, cafeteria, and gym buildings, building and
20    equipping a school building, and improving sites are
21    required as a result of the age and condition of the
22    district's existing buildings and (ii) the issuance of
23    bonds is authorized by a statute that exempts the debt
24    incurred on the bonds from the district's statutory debt
25    limitation.
26        (3) The bonds are issued, in one or more issuances,

 

 

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1    not later than 5 years after the date of the referendum
2    approving the issuance of the bonds, but the aggregate
3    principal amount issued in all such bond issuances
4    combined must not exceed $34,500,000.
5        (4) The bonds are issued in accordance with this
6    Article.
7        (5) The proceeds of the bonds are used to accomplish
8    only those projects approved by the voters at an election
9    held on or after March 15, 2016.
10    The debt incurred on any bonds issued under this
11subsection (p-125) and on any bonds issued to refund or
12continue to refund such bonds shall not be considered
13indebtedness for purposes of any statutory debt limitation.
14Bonds issued under this subsection (p-125) and any bonds
15issued to refund or continue to refund such bonds must mature
16within not to exceed 25 years from their date, notwithstanding
17any other law, including Section 19-3 of this Code, to the
18contrary.
19    (p-130) In addition to all other authority to issue bonds,
20Waltham Community Consolidated School District 185 may incur
21indebtedness in an aggregate principal amount not to exceed
22$9,500,000 to build and equip a new school building and
23improve the site thereof, but only if all the following
24conditions are met:
25        (1) A majority of the voters of the district voting on
26    an advisory question voted in favor of the question

 

 

10300HB2492ham001- 46 -LRB103 26244 RJT 58004 a

1    regarding the use of funding sources to build a new school
2    building without increasing property tax rates at the
3    general election held on November 8, 2016.
4        (2) Prior to incurring the debt, the school board
5    enters into intergovernmental agreements with the City of
6    LaSalle to pledge moneys in a special tax allocation fund
7    associated with tax increment financing districts LaSalle
8    I and LaSalle III and with the Village of Utica to pledge
9    moneys in a special tax allocation fund associated with
10    tax increment financing district Utica I for the purposes
11    of repaying the debt issued pursuant to this subsection
12    (p-130). Notwithstanding any other provision of law to the
13    contrary, the intergovernmental agreement may extend these
14    tax increment financing districts as necessary to ensure
15    repayment of the debt.
16        (3) Prior to incurring the debt, the school board
17    determines, by resolution, that (i) the building and
18    equipping of a new school building is required as a result
19    of the age and condition of the district's existing
20    buildings and (ii) the debt is authorized by a statute
21    that exempts the debt from the district's statutory debt
22    limitation.
23        (4) The debt is incurred, in one or more issuances,
24    not later than January 1, 2021, and the aggregate
25    principal amount of debt issued in all such issuances
26    combined must not exceed $9,500,000.

 

 

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1    The debt incurred under this subsection (p-130) and on any
2bonds issued to pay, refund, or continue to refund such debt
3shall not be considered indebtedness for purposes of any
4statutory debt limitation. Debt issued under this subsection
5(p-130) and any bonds issued to pay, refund, or continue to
6refund such debt must mature within not to exceed 25 years from
7their date, notwithstanding any other law, including Section
819-11 of this Code and subsection (b) of Section 17 of the
9Local Government Debt Reform Act, to the contrary.
10    (p-133) Notwithstanding the provisions of subsection (a)
11of this Section or of any other law, bonds heretofore or
12hereafter issued by East Prairie School District 73 with an
13aggregate principal amount not to exceed $47,353,147 and
14approved by the voters of the district at the general election
15held on November 8, 2016, and any bonds issued to refund or
16continue to refund the bonds, shall not be considered
17indebtedness for the purposes of any statutory debt limitation
18and may mature within not to exceed 25 years from their date,
19notwithstanding any other law, including Section 19-3 of this
20Code, to the contrary.
21    (p-135) In addition to all other authority to issue bonds,
22Brookfield LaGrange Park School District Number 95 may issue
23bonds with an aggregate principal amount not to exceed
24$20,000,000, but only if all the following conditions are met:
25        (1) The voters of the district approve a proposition
26    for the bond issuance at an election held on or after April

 

 

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1    4, 2017.
2        (2) Prior to the issuance of the bonds, the school
3    board determines, by resolution, that (i) the additions
4    and renovations to the Brook Park Elementary and S. E.
5    Gross Middle School buildings are required to accommodate
6    enrollment growth, replace outdated facilities, and create
7    spaces consistent with 21st century learning and (ii) the
8    issuance of the bonds is authorized by a statute that
9    exempts the debt incurred on the bonds from the district's
10    statutory debt limitation.
11        (3) The bonds are issued, in one or more issuances,
12    not later than 5 years after the date of the referendum
13    approving the issuance of the bonds, but the aggregate
14    principal amount issued in all such bond issuances
15    combined must not exceed $20,000,000.
16        (4) The bonds are issued in accordance with this
17    Article.
18        (5) The proceeds of the bonds are used to accomplish
19    only those projects approved by the voters at an election
20    held on or after April 4, 2017.
21    The debt incurred on any bonds issued under this
22subsection (p-135) and on any bonds issued to refund or
23continue to refund such bonds shall not be considered
24indebtedness for purposes of any statutory debt limitation.
25    (p-140) The debt incurred on any bonds issued by Wolf
26Branch School District 113 under Section 17-2.11 of this Code

 

 

10300HB2492ham001- 49 -LRB103 26244 RJT 58004 a

1for the purpose of repairing or replacing all or a portion of a
2school building that has been damaged by mine subsidence in an
3aggregate principal amount not to exceed $17,500,000 and on
4any bonds issued to refund or continue to refund those bonds
5shall not be considered indebtedness for purposes of any
6statutory debt limitation and must mature no later than 25
7years from the date of issuance, notwithstanding any other
8provision of law to the contrary, including Section 19-3 of
9this Code. The maximum allowable amount of debt exempt from
10statutory debt limitations under this subsection (p-140) shall
11be reduced by an amount equal to any grants awarded by the
12State Board of Education or Capital Development Board for the
13explicit purpose of repairing or reconstructing a school
14building damaged by mine subsidence.
15    (p-145) In addition to all other authority to issue bonds,
16Greenview Community Unit School District 200 may issue bonds
17with an aggregate principal amount not to exceed $3,500,000,
18but only if all of the following conditions are met:
19        (1) The voters of the district approve a proposition
20    for the bond issuance at an election held on March 17,
21    2020.
22        (2) Prior to the issuance of the bonds, the school
23    board determines, by resolution, that the bonding is
24    necessary for construction and expansion of the district's
25    kindergarten through grade 12 facility.
26        (3) The bonds are issued, in one or more issuances,

 

 

10300HB2492ham001- 50 -LRB103 26244 RJT 58004 a

1    not later than 5 years after the date of the referendum
2    approving the issuance of the bonds, but the aggregate
3    principal amount issued in all such bond issuances
4    combined must not exceed $3,500,000.
5        (4) The bonds are issued in accordance with this
6    Article.
7        (5) The proceeds of the bonds are used to accomplish
8    only the projects approved by the voters at an election
9    held on March 17, 2020.
10    The debt incurred on any bonds issued under this
11subsection (p-145) and on any bonds issued to refund or
12continue to refund such bonds shall not be considered
13indebtedness for purposes of any statutory debt limitation.
14Bonds issued under this subsection (p-145) and any bonds
15issued to refund or continue to refund such bonds must mature
16within not to exceed 25 years from their date, notwithstanding
17any other law, including Section 19-3 of this Code, to the
18contrary.
19    (p-150) In addition to all other authority to issue bonds,
20Komarek School District 94 may issue bonds with an aggregate
21principal amount not to exceed $20,800,000, but only if all of
22the following conditions are met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at an election held on or after March
25    17, 2020.
26        (2) Prior to the issuance of the bonds, the school

 

 

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1    board determines, by resolution, that (i) building and
2    equipping additions to, altering, repairing, equipping, or
3    demolishing a portion of, or improving the site of the
4    district's existing school building is required as a
5    result of the age and condition of the existing building
6    and (ii) the issuance of the bonds is authorized by a
7    statute that exempts the debt incurred on the bonds from
8    the district's statutory debt limitation.
9        (3) The bonds are issued, in one or more issuances, no
10    later than 5 years after the date of the referendum
11    approving the issuance of the bonds, but the aggregate
12    principal amount issued in all of the bond issuances
13    combined may not exceed $20,800,000.
14        (4) The bonds are issued in accordance with this
15    Article.
16        (5) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at an election
18    held on or after March 17, 2020.
19    The debt incurred on any bonds issued under this
20subsection (p-150) and on any bonds issued to refund or
21continue to refund those bonds may not be considered
22indebtedness for purposes of any statutory debt limitation.
23Notwithstanding any other law to the contrary, including
24Section 19-3, bonds issued under this subsection (p-150) and
25any bonds issued to refund or continue to refund those bonds
26must mature within 30 years from their date of issuance.

 

 

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1    (p-155) In addition to all other authority to issue bonds,
2Williamsville Community Unit School District 15 may issue
3bonds with an aggregate principal amount not to exceed
4$40,000,000, but only if all of the following conditions are
5met:
6        (1) The voters of the school district approve a
7    proposition for the bond issuance at an election held on
8    March 17, 2020.
9        (2) Prior to the issuance of the bonds, the school
10    board determines, by resolution, that the projects set
11    forth in the proposition for the bond issuance were and
12    are required because of the age and condition of the
13    school district's existing school buildings.
14        (3) The bonds are issued, in one or more issuances,
15    not later than 5 years after the date of the referendum
16    approving the issuance of the bonds, but the aggregate
17    principal amount issued in all such bond issuances
18    combined must not exceed $40,000,000.
19        (4) The bonds are issued in accordance with this
20    Article.
21        (5) The proceeds of the bonds are used to accomplish
22    only the projects approved by the voters at an election
23    held on March 17, 2020.
24    The debt incurred on any bonds issued under this
25subsection (p-155) and on any bonds issued to refund or
26continue to refund such bonds shall not be considered

 

 

10300HB2492ham001- 53 -LRB103 26244 RJT 58004 a

1indebtedness for purposes of any statutory debt limitation.
2Bonds issued under this subsection (p-155) and any bonds
3issued to refund or continue to refund such bonds must mature
4within not to exceed 25 years from their date, notwithstanding
5any other law, including Section 19-3 of this Code, to the
6contrary.
7    (p-160) In addition to all other authority to issue bonds,
8Berkeley School District 87 may issue bonds with an aggregate
9principal amount not to exceed $105,000,000, but only if all
10of the following conditions are met:
11        (1) The voters of the district approve a proposition
12    for the bond issuance at the general primary election held
13    on March 17, 2020.
14        (2) Prior to the issuance of the bonds, the school
15    board determines, by resolution, that (i) building and
16    equipping a school building to replace the Sunnyside
17    Intermediate and MacArthur Middle School buildings;
18    building and equipping additions to and altering,
19    repairing, and equipping the Riley Intermediate and
20    Northlake Middle School buildings; altering, repairing,
21    and equipping the Whittier Primary and Jefferson Primary
22    School buildings; improving sites; renovating
23    instructional spaces; providing STEM (science, technology,
24    engineering, and mathematics) labs; and constructing life
25    safety, security, and infrastructure improvements are
26    required to replace outdated facilities and to provide

 

 

10300HB2492ham001- 54 -LRB103 26244 RJT 58004 a

1    safe spaces consistent with 21st century learning and (ii)
2    the issuance of bonds is authorized by a statute that
3    exempts the debt incurred on the bonds from the district's
4    statutory debt limitation.
5        (3) The bonds are issued, in one or more issuances,
6    not later than 5 years after the date of the referendum
7    approving the issuance of the bonds, but the aggregate
8    principal amount issued in all such bond issuances
9    combined must not exceed $105,000,000.
10        (4) The bonds are issued in accordance with this
11    Article.
12        (5) The proceeds of the bonds are used to accomplish
13    only those projects approved by the voters at the general
14    primary election held on March 17, 2020.
15    The debt incurred on any bonds issued under this
16subsection (p-160) and on any bonds issued to refund or
17continue to refund such bonds shall not be considered
18indebtedness for purposes of any statutory debt limitation.
19    (p-165) In addition to all other authority to issue bonds,
20Elmwood Park Community Unit School District 401 may issue
21bonds with an aggregate principal amount not to exceed
22$55,000,000, but only if all of the following conditions are
23met:
24        (1) The voters of the district approve a proposition
25    for the bond issuance at an election held on or after March
26    17, 2020.

 

 

10300HB2492ham001- 55 -LRB103 26244 RJT 58004 a

1        (2) Prior to the issuance of the bonds, the school
2    board determines, by resolution, that (i) the building and
3    equipping of an addition to the John Mills Elementary
4    School building; the renovating, altering, repairing, and
5    equipping of the John Mills and Elmwood Elementary School
6    buildings; the installation of safety and security
7    improvements; and the improvement of school sites are
8    required as a result of the age and condition of the
9    district's existing school buildings and (ii) the issuance
10    of bonds is authorized by a statute that exempts the debt
11    incurred on the bonds from the district's statutory debt
12    limitation.
13        (3) The bonds are issued, in one or more issuances,
14    not later than 5 years after the date of the referendum
15    approving the issuance of the bonds, but the aggregate
16    principal amount issued in all such bond issuances
17    combined must not exceed $55,000,000.
18        (4) The bonds are issued in accordance with this
19    Article.
20        (5) The proceeds of the bonds are used to accomplish
21    only the projects approved by the voters at an election
22    held on or after March 17, 2020.
23    The debt incurred on any bonds issued under this
24subsection (p-165) and on any bonds issued to refund or
25continue to refund such bonds shall not be considered
26indebtedness for purposes of any statutory debt limitation.

 

 

10300HB2492ham001- 56 -LRB103 26244 RJT 58004 a

1Bonds issued under this subsection (p-165) and any bonds
2issued to refund or continue to refund such bonds must mature
3within not to exceed 25 years from their date, notwithstanding
4any other law, including Section 19-3 of this Code, to the
5contrary.
6    (p-170) In addition to all other authority to issue bonds,
7Maroa-Forsyth Community Unit School District 2 may issue bonds
8with an aggregate principal amount not to exceed $33,000,000,
9but only if all of the following conditions are met:
10        (1) The voters of the school district approve a
11    proposition for the bond issuance at an election held on
12    March 17, 2020.
13        (2) Prior to the issuance of the bonds, the school
14    board determines, by resolution, that the projects set
15    forth in the proposition for the bond issuance were and
16    are required because of the age and condition of the
17    school district's existing school buildings.
18        (3) The bonds are issued, in one or more issuances,
19    not later than 5 years after the date of the referendum
20    approving the issuance of the bonds, but the aggregate
21    principal amount issued in all such bond issuances
22    combined must not exceed $33,000,000.
23        (4) The bonds are issued in accordance with this
24    Article.
25        (5) The proceeds of the bonds are used to accomplish
26    only the projects approved by the voters at an election

 

 

10300HB2492ham001- 57 -LRB103 26244 RJT 58004 a

1    held on March 17, 2020.
2    The debt incurred on any bonds issued under this
3subsection (p-170) and on any bonds issued to refund or
4continue to refund such bonds shall not be considered
5indebtedness for purposes of any statutory debt limitation.
6Bonds issued under this subsection (p-170) and any bonds
7issued to refund or continue to refund such bonds must mature
8within not to exceed 25 years from their date, notwithstanding
9any other law, including Section 19-3 of this Code, to the
10contrary.
11    (p-175) In addition to all other authority to issue bonds,
12Schiller Park School District 81 may issue bonds with an
13aggregate principal amount not to exceed $30,000,000, but only
14if all of the following conditions are met:
15        (1) The voters of the district approve a proposition
16    for the bond issuance at an election held on or after March
17    17, 2020.
18        (2) Prior to the issuance of the bonds, the school
19    board determines, by resolution, that (i) building and
20    equipping a school building to replace the Washington
21    Elementary School building, installing fire suppression
22    systems, security systems, and federal Americans with
23    Disability Act of 1990 compliance measures, acquiring
24    land, and improving the site are required to accommodate
25    enrollment growth, replace an outdated facility, and
26    create spaces consistent with 21st century learning and

 

 

10300HB2492ham001- 58 -LRB103 26244 RJT 58004 a

1    (ii) the issuance of bonds is authorized by a statute that
2    exempts the debt incurred on the bonds from the district's
3    statutory debt limitation.
4        (3) The bonds are issued, in one or more issuances,
5    not later than 5 years after the date of the referendum
6    approving the issuance of the bonds, but the aggregate
7    principal amount issued in all such bond issuances
8    combined must not exceed $30,000,000.
9        (4) The bonds are issued in accordance with this
10    Article.
11        (5) The proceeds of the bonds are used to accomplish
12    only the projects approved by the voters at an election
13    held on or after March 17, 2020.
14    The debt incurred on any bonds issued under this
15subsection (p-175) and on any bonds issued to refund or
16continue to refund such bonds shall not be considered
17indebtedness for purposes of any statutory debt limitation.
18Bonds issued under this subsection (p-175) and any bonds
19issued to refund or continue to refund such bonds must mature
20within not to exceed 27 years from their date, notwithstanding
21any other law, including Section 19-3 of this Code, to the
22contrary.
23    (p-180) In addition to all other authority to issue bonds,
24Iroquois County Community Unit School District 9 may issue
25bonds with an aggregate principal amount not to exceed
26$17,125,000, but only if all of the following conditions are

 

 

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1met:
2        (1) The voters of the district approve a proposition
3    for the bond issuance at an election held on or after April
4    6, 2021.
5        (2) Prior to the issuance of the bonds, the school
6    board determines, by resolution, that (i) building and
7    equipping a new school building in the City of Watseka;
8    altering, repairing, renovating, and equipping portions of
9    the existing facilities of the district; and making site
10    improvements is necessary because of the age and condition
11    of the district's existing school facilities and (ii) the
12    issuance of bonds is authorized by a statute that exempts
13    the debt incurred on the bonds from the district's
14    statutory debt limitation.
15        (3) The bonds are issued, in one or more issuances,
16    not later than 5 years after the date of the referendum
17    approving the issuance of the bonds, but the aggregate
18    principal amount issued in all such bond issuances
19    combined must not exceed $17,125,000.
20        (4) The bonds are issued in accordance with this
21    Article.
22        (5) The proceeds of the bonds are used to accomplish
23    only the projects approved by the voters at an election
24    held on or after April 6, 2021.
25    The debt incurred on any bonds issued under this
26subsection (p-180) and on any bonds issued to refund or

 

 

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1continue to refund such bonds shall not be considered
2indebtedness for purposes of any statutory debt limitation.
3Bonds issued under this subsection (p-180) and any bonds
4issued to refund or continue to refund such bonds must mature
5within not to exceed 25 years from their date, notwithstanding
6any other law, including Section 19-3 of this Code, to the
7contrary.
8    (p-185) In addition to all other authority to issue bonds,
9Field Community Consolidated School District 3 may issue bonds
10with an aggregate principal amount not to exceed $2,600,000,
11but only if all of the following conditions are met:
12        (1) The voters of the district approve a proposition
13    for the bond issuance at an election held on or after April
14    6, 2021.
15        (2) Prior to the issuance of the bonds, the school
16    board determines, by resolution, that (i) it is necessary
17    to alter, repair, renovate, and equip the existing
18    facilities of the district, including, but not limited to,
19    roof replacement, lighting replacement, electrical
20    upgrades, restroom repairs, and gym renovations, and make
21    site improvements because of the age and condition of the
22    district's existing school facilities and (ii) the
23    issuance of bonds is authorized by a statute that exempts
24    the debt incurred on the bonds from the district's
25    statutory debt limitation.
26        (3) The bonds are issued, in one or more issuances,

 

 

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1    not later than 5 years after the date of the referendum
2    approving the issuance of the bonds, but the aggregate
3    principal amount issued in all such bond issuances
4    combined must not exceed $2,600,000.
5        (4) The bonds are issued in accordance with this
6    Article.
7        (5) The proceeds of the bonds are used to accomplish
8    only the projects approved by the voters at an election
9    held on or after April 6, 2021.
10    The debt incurred on any bonds issued under this
11subsection (p-185) and on any bonds issued to refund or
12continue to refund such bonds shall not be considered
13indebtedness for purposes of any statutory debt limitation.
14Bonds issued under this subsection (p-185) and any bonds
15issued to refund or continue to refund such bonds must mature
16within not to exceed 25 years from their date, notwithstanding
17any other law, including Section 19-3 of this Code, to the
18contrary.
19    (p-190) In addition to all other authority to issue bonds,
20Mahomet-Seymour Community Unit School District 3 may issue
21bonds with an aggregate principal amount not to exceed
22$97,900,000, but only if all the following conditions are met:
23        (1) The voters of the district approve a proposition
24    for the bond issuance at an election held on or after June
25    28, 2022.
26        (2) Prior to the issuance of the bonds, the school

 

 

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1    board determines, by resolution, that (i) it is necessary
2    to build and equip a new junior high school building,
3    build and equip a new transportation building, and build
4    and equip additions to, renovate, and make site
5    improvements at the Lincoln Trail Elementary building,
6    Middletown Prairie Elementary building, and
7    Mahomet-Seymour High School building and (ii) the issuance
8    of bonds is authorized by a statute that exempts the debt
9    incurred on the bonds from the district's statutory debt
10    limitation.
11        (3) The bonds are issued, in one or more issuances,
12    not later than 5 years after the date of the referendum
13    approving the issuance of the bonds, but the aggregate
14    principal amount issued in all such bond issuances
15    combined must not exceed $97,900,000.
16        (4) The bonds are issued in accordance with this
17    Article.
18        (5) The proceeds of the bonds are used to accomplish
19    only the projects approved by the voters at an election
20    held on or after June 28, 2022.
21    The debt incurred on any bonds issued under this
22subsection (p-190) and on any bonds issued to refund or
23continue to refund such bonds shall not be considered
24indebtedness for purposes of any statutory debt limitation.
25Bonds issued under this subsection (p-190) and any bonds
26issued to refund or continue to refund such bonds must mature

 

 

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1within not to exceed 25 years from their date, notwithstanding
2any other law, including Section 19-3 of this Code, to the
3contrary.
4    (p-195) In addition to all other authority to issue bonds,
5New Berlin Community Unit School District 16 may issue bonds
6with an aggregate principal amount not to exceed $23,500,000,
7but 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 June
10    28, 2022.
11        (2) Prior to the issuance of the bonds, the school
12    board determines, by resolution, that (i) it is necessary
13    to alter, repair, and equip the junior/senior high school
14    building, including creating new classroom, gym, and other
15    instructional spaces, renovating the J.V. Kirby Pretzel
16    Dome, improving heating, cooling, and ventilation systems,
17    installing school safety and security improvements,
18    removing asbestos, and making site improvements, and (ii)
19    the issuance of bonds is authorized by a statute that
20    exempts the debt incurred on the bonds from the district's
21    statutory debt limitation.
22        (3) The bonds are issued, in one or more issuances,
23    not later than 5 years after the date of the referendum
24    approving the issuance of the bonds, but the aggregate
25    principal amount issued in all such bond issuances
26    combined must not exceed $23,500,000.

 

 

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1        (4) The bonds are issued in accordance with this
2    Article.
3        (5) The proceeds of the bonds are used to accomplish
4    only the projects approved by the voters at an election
5    held on or after June 28, 2022.
6    The debt incurred on any bonds issued under this
7subsection (p-195) and on any bonds issued to refund or
8continue to refund such bonds shall not be considered
9indebtedness for purposes of any statutory debt limitation.
10Bonds issued under this subsection (p-195) and any bonds
11issued to refund or continue to refund such bonds must mature
12within not to exceed 25 years from their date, notwithstanding
13any other law, including Section 19-3 of this Code, to the
14contrary.
15    (p-200) In addition to all other authority to issue bonds,
16Highland Community Unit School District 5 may issue bonds with
17an aggregate principal amount not to exceed $40,000,000, but
18only if all the following conditions are met:
19        (1) The voters of the district approve a proposition
20    for the bond issuance at an election held on or after June
21    28, 2022.
22        (2) Prior to the issuance of the bonds, the school
23    board determines, by resolution, that (i) it is necessary
24    to improve the sites of, build, and equip a new primary
25    school building and build and equip additions to and
26    alter, repair, and equip existing school buildings and

 

 

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1    (ii) the issuance of bonds is authorized by a statute that
2    exempts the debt incurred on the bonds from the district's
3    statutory debt limitation.
4        (3) The bonds are issued, in one or more issuances,
5    not later than 5 years after the date of the referendum
6    approving the issuance of the bonds, but the aggregate
7    principal amount issued in all such bond issuances
8    combined must not exceed $40,000,000.
9        (4) The bonds are issued in accordance with this
10    Article.
11        (5) The proceeds of the bonds are used to accomplish
12    only the projects approved by the voters at an election
13    held on or after June 28, 2022.
14    The debt incurred on any bonds issued under this
15subsection (p-200) and on any bonds issued to refund or
16continue to refund such bonds shall not be considered
17indebtedness for purposes of any statutory debt limitation.
18Bonds issued under this subsection (p-200) and any bonds
19issued to refund or continue to refund such bonds must mature
20within not to exceed 25 years from their date, notwithstanding
21any other law, including Section 19-3 of this Code, to the
22contrary.
23    (p-205) In addition to all other authority to issue bonds,
24Sullivan Community Unit School District 300 may issue bonds
25with an aggregate principal amount not to exceed $25,000,000,
26but only if all of the following conditions are met:

 

 

10300HB2492ham001- 66 -LRB103 26244 RJT 58004 a

1        (1) The voters of the district approve a proposition
2    for the bond issuance at an election held on or after June
3    28, 2022.
4        (2) Prior to the issuance of the bonds, the school
5    board determines, by resolution, that (i) the projects set
6    forth in the proposition for the issuance of the bonds are
7    required because of the age, condition, or capacity of the
8    school district's existing school buildings and (ii) the
9    issuance of bonds is authorized by a statute that exempts
10    the debt incurred on the bonds from the district's
11    statutory debt limitation.
12        (3) The bonds are issued, in one or more issuances,
13    not later than 5 years after the date of the referendum
14    approving the issuance of the bonds, but the aggregate
15    principal amount issued in all such bond issuances
16    combined must not exceed $25,000,000.
17        (4) The bonds are issued in accordance with this
18    Article.
19        (5) The proceeds of the bonds are used to accomplish
20    only the projects approved by the voters at an election
21    held on or after June 28, 2022.
22    The debt incurred on any bonds issued under this
23subsection (p-205) and on any bonds issued to refund or
24continue to refund such bonds shall not be considered
25indebtedness for purposes of any statutory debt limitation.
26Bonds issued under this subsection (p-205) and any bonds

 

 

10300HB2492ham001- 67 -LRB103 26244 RJT 58004 a

1issued to refund or continue to refund such bonds must mature
2within not to exceed 25 years from their date, notwithstanding
3any other law, including Section 19-3 of this Code, to the
4contrary.
5    (p-210) In addition to all other authority to issue bonds,
6Manhattan School District 114 may issue bonds with an
7aggregate principal amount not to exceed $85,000,000, but only
8if all the following conditions are met:
9        (1) The voters of the district approve a proposition
10    for the bond issuance at an election held on or after June
11    28, 2022.
12        (2) Prior to the issuance of the bonds, the school
13    board determines, by resolution, that the projects set
14    forth in the proposition for the bond issuance were and
15    are required because of the age, condition, or capacity of
16    the school district's existing school buildings.
17        (3) The bonds are issued, in one or more issuances,
18    not later than 5 years after the date of the referendum
19    approving the issuances of the bonds, but the aggregate
20    principal amount issued in all such bond issuances
21    combined must not exceed $85,000,000.
22        (4) The bonds are issued in accordance with this
23    Article.
24        (5) The proceeds of the bonds are used to accomplish
25    only the projects approved by the voters at an election
26    held on or after June 28, 2022.

 

 

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1    The debt incurred on any bonds issued under this
2subsection (p-210) and on any bonds issued to refund or
3continue to refund such bonds shall not be considered
4indebtedness for purposes of any statutory debt limitation.
5Bonds issued under this subsection (p-210) and any bonds
6issued to refund or continue to refund such bonds must mature
7within not to exceed 30 years from their date, notwithstanding
8any other law, including Section 19-3 of this Code, to the
9contrary.
10    (p-215) In addition to all other authority to issue bonds,
11Golf Elementary School District 67 may issue bonds with an
12aggregate principal amount not to exceed $56,000,000, but only
13if all of the following conditions are met:
14        (1) The voters of the district approve a proposition
15    for the bond issuance at an election held on or after June
16    28, 2022.
17        (2) Prior to the issuance of the bonds, the school
18    board determines, by resolution, that (i) it is necessary
19    to build and equip a new school building and improve the
20    site thereof and (ii) the issuance of bonds is authorized
21    by a statute that exempts the debt incurred on the bonds
22    from the district's statutory debt limitation.
23        (3) The bonds are issued, in one or more issuances,
24    not later than 5 years after the date of the referendum
25    approving the issuance of the bonds, but the aggregate
26    principal amount issued in all such bond issuances

 

 

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1    combined must not exceed $56,000,000.
2        (4) The bonds are issued in accordance with this
3    Article.
4        (5) The proceeds of the bonds are used to accomplish
5    only the projects approved by the voters at an election
6    held on or after June 28, 2022.
7    The debt incurred on any bonds issued under this
8subsection (p-215) and on any bonds issued to refund or
9continue to refund such bonds shall not be considered
10indebtedness for purposes of any statutory debt limitation.
11Bonds issued under this subsection (p-215) and any bonds
12issued to refund or continue to refund such bonds must mature
13within not to exceed 25 years from their date, notwithstanding
14any other law, including Section 19-3 of this Code, to the
15contrary.
16    (p-220) Notwithstanding the provisions of subsection (a)
17of this Section or of any other law, a school district may
18issue bonds or certificates to finance guaranteed energy
19savings contracts pursuant to Article 19b of this Code, and
20any bonds or certificates so issued shall not be considered
21indebtedness for purposes of any statutory limitation and may
22be issued in an amount or amounts, including existing
23indebtedness, in excess of any heretofore or hereafter imposed
24statutory limitation as to indebtedness.
25    (q) A school district must notify the State Board of
26Education prior to issuing any form of long-term or short-term

 

 

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1debt that will result in outstanding debt that exceeds 75% of
2the debt limit specified in this Section or any other
3provision of law.
4(Source: P.A. 101-646, eff. 6-26-20; 102-316, eff. 8-6-21;
5102-949, eff. 5-27-22.)
 
6    (105 ILCS 5/19b-5.5 new)
7    Sec. 19b-5.5. Indebtedness and bonds. The school board of
8any school district, whether organized under a general law or
9special charter, having a population of less than 500,000
10inhabitants may, by resolution, incur an indebtedness and
11issue bonds as evidence thereof in an amount or amounts not
12exceeding the aggregate cost of all expenditures reasonably
13expected to be incurred pursuant to a guaranteed energy
14savings contract entered into in accordance with this Article.
15The bonds shall bear interest at not more than the maximum rate
16authorized by law and shall mature within 20 years from the
17date thereof.
 
18    (105 ILCS 5/19b-6)  (from Ch. 122, par. 19b-6)
19    Sec. 19b-6. Term; budget and appropriations. Guaranteed
20energy savings contracts may extend beyond the fiscal year in
21which they become effective. The school district or area
22vocational center shall include in its annual budget and
23appropriations measures for each subsequent fiscal year any
24amounts payable under guaranteed energy savings contracts

 

 

10300HB2492ham001- 71 -LRB103 26244 RJT 58004 a

1during that fiscal year. Sections 2-3.12 and , 3-14.20, and
210-22.36 of this the School Code shall apply to this Article
319b.
4(Source: P.A. 92-767, eff. 8-6-02.)".