Illinois General Assembly - Bill Status for SB0433
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 Bill Status of SB0433  94th General Assembly


Short Description:  SCH CD-DEBT LIMIT-REGION DIFF

Senate Sponsors
Sen. Christine Radogno

Last Action
DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
105 ILCS 5/19-1from Ch. 122, par. 19-1


Synopsis As Introduced
Amends the School Code with regard to the debt limitations of school districts. In a provision allowing additional indebtedness to be incurred in an amount not to exceed the estimated cost of acquiring or improving school sites or constructing and equipping additional building facilities when the enrollment of students for the next school year is estimated to increase over the actual present enrollment by not less than 35% or by not less than 200 students or the actual present enrollment of students has increased over the previous school year by not less than 35% or by not less than 200 students, requires the State Board of Education to take into account regional economic differences when considering whether to allow a school district to incur the additional indebtedness and provides that the State Board may not unreasonably withhold approval of a request to incur the additional indebtedness. Effective immediately.

Actions 
DateChamber Action
  2/16/2005SenateFiled with Secretary by Sen. Christine Radogno
  2/16/2005SenateFirst Reading
  2/16/2005SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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