|
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. ".
|