Illinois General Assembly - Bill Status for SB3348

Synopsis As Introduced
Amends the School Code. In a Section concerning the debt limitations of school districts, provides that, in addition to all other authority to issue bonds, Union Ridge School District 86 may issue bonds with an aggregate principal amount not to exceed $35,000,000 if specified conditions are met, including (i) that the voters of the school district approve a proposition for the bond issuance at an election held on or after March 19, 2024 and (ii) that, prior to the issuance of the bonds, the school board determines, by resolution, that the projects set forth in the proposition for the bond issuance were and are required because of the age and condition of the district's existing school buildings. Provides that the debt incurred on the bonds shall not be considered indebtedness for purposes of any statutory debt limitation and must mature within not to exceed 25 years from their date, notwithstanding any other law to the contrary. Effective immediately.

Actions

Date	Chamber	Action
2/7/2024	Senate	Filed with Secretary by Sen. Robert F. Martwick
2/7/2024	Senate	First Reading
2/7/2024	Senate	Referred to Assignments
2/20/2024	Senate	Assigned to Education
3/6/2024	Senate	Do Pass Education; 010-000-000
3/6/2024	Senate	Placed on Calendar Order of 2nd Reading March 7, 2024
3/14/2024	Senate	Second Reading
3/14/2024	Senate	Placed on Calendar Order of 3rd Reading March 20, 2024
4/10/2024	Senate	Placed on Calendar Order of 3rd Reading **
4/12/2024	Senate	Third Reading - Passed; 058-000-000
4/12/2024	House	Arrived in House
4/15/2024	House	Chief House Sponsor Rep. Lindsey LaPointe
4/15/2024	House	First Reading
4/15/2024	House	Referred to Rules Committee
4/24/2024	House	Assigned to Elementary & Secondary Education: Administration, Licensing & Charter Schools

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