Sen. Dan Rutherford

Filed: 5/8/2007

 

 


 

 


 
09500HB1969sam002 LRB095 11335 NHT 35993 a

1
AMENDMENT TO HOUSE BILL 1969

2     AMENDMENT NO. ______. Amend House Bill 1969, AS AMENDED, in
3 Section 5, Sec. 19-1, immediately below subsec. (p-30), by
4 inserting the following:
5     "(p-35) Because Central School District Number 51 has
6 experienced an extremely rapid increase in the size of its
7 student population (since 2001, the size of the district's
8 student population has increased from 608 to 833 and is
9 expected to exceed 1,000 by the 2010-2011 school year) and
10 because the school district must be able to construct new
11 facilities and improve its existing facilities in order to meet
12 the needs of its current and future students, in addition to
13 all other authority to issue bonds, Central School District 51
14 may issue bonds with an aggregate principal amount not to
15 exceed $11,800,000, but only if all of the following conditions
16 are met:
17         (i) The voters of the district approved a proposition
18     for the bond issuance at an election held on April 17,

 

 

09500HB1969sam002 - 2 - LRB095 11335 NHT 35993 a

1     2007.
2         (ii) At the time of the sale of the bonds, the school
3     board determines, by resolution, that (A) the building and
4     equipping of a school building and the improvement of the
5     site thereof are required as a result of a projected
6     increase in the enrollment of students in the district and
7     (B) the altering, repairing, and equipping of the school
8     building is required because of the age of the school
9     building.
10         (iii) The bonds are issued, in one or more bond
11     issuances, on or before December 31, 2011; however, the
12     aggregate principal amount issued in all such bond
13     issuances combined must not exceed $11,800,000.
14         (iv) The bonds are issued in accordance with this
15     Article.
16         (v) The proceeds of the bonds are used to accomplish
17     only those projects approved by the voters at an election
18     held on April 17, 2007.
19     The debt incurred on any bonds issued under this subsection
20 (p-35) shall not be considered indebtedness for purposes of any
21 statutory debt limitation.
22     (p-40) In addition to all other authority to issue bonds,
23 Prairie Hill Community Consolidated School District 133 may
24 issue bonds with an aggregate principal amount not to exceed
25 $13,900,000, but only if all of the following conditions are
26 met:

 

 

09500HB1969sam002 - 3 - LRB095 11335 NHT 35993 a

1         (i) The voters of the district approved a proposition
2     for the bond issuance at an election held on April 17,
3     2007.
4         (ii) At the time of the sale of the bonds, the school
5     board determines, by resolution, that (A) the improvement
6     of the site of and the building and equipping of a school
7     building are required as a result of a projected increase
8     in the enrollment of students in the district and (B) the
9     repairing and equipping of the Prairie Hill Elementary
10     School building is required because of the age of that
11     school building.
12         (iii) The bonds are issued, in one or more bond
13     issuances, on or before December 31, 2011, but the
14     aggregate principal amount issued in all such bond
15     issuances combined must not exceed $13,900,000.
16         (iv) The bonds are issued in accordance with this
17     Article.
18         (v) The proceeds of the bonds are used to accomplish
19     only those projects approved by the voters at an election
20     held on April 17. 2007.
21     The debt incurred on any bonds issued under this subsection
22 (p-40) shall not be considered indebtedness for purposes of any
23 statutory debt limitation.".