Illinois General Assembly - Bill Status for HB5374
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 Bill Status of HB5374  94th General Assembly


House Sponsors
Rep. Roger L. Eddy

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

Statutes Amended In Order of Appearance
35 ILCS 200/18-185
35 ILCS 200/18-201 new
35 ILCS 200/18-200 rep.
105 ILCS 5/17-2.11from Ch. 122, par. 17-2.11

Synopsis As Introduced
Amends the Property Tax Code and the School Code. Makes changes to the Property Tax Extension Limitation Law concerning excluding bonds issued by school boards for fire prevention and safety purposes from the definition of "debt service extension base" and the exclusion of certain extensions for fire prevention and safety purposes from the aggregate extension for a school district. Repeals a provision in the Law concerning not reducing a school district's State aid. In the Section of the School Code concerning the power of a school board to levy a tax or to borrow money and issue bonds for fire prevention, safety, energy conservation, disabled accessibility, school security, and specified repair purposes, provides that the tax rate limit otherwise specified in the Section may be increased to 0.15% (instead of 0.10%) upon referendum approval. Provides that if additional alterations or reconstructions are required to be made because of surveys conducted by an architect or engineer after bonds are issued as provided in the Section, then the district may levy a tax at a rate not to exceed 0.10% (instead of 0.05%) per year.

DateChamber Action
  1/26/2006HouseFiled with the Clerk by Rep. Roger L. Eddy
  1/26/2006HouseFirst Reading
  1/26/2006HouseReferred to Rules Committee
  1/9/2007HouseSession Sine Die

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