Illinois General Assembly - Bill Status for HB3904
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 Bill Status of HB3904  94th General Assembly

Short Description:  FINANCE-TECH

House Sponsors
Rep. Lisa M. Dugan - Gary Hannig - Elaine Nekritz - Careen M Gordon - John E. Bradley, Mike Boland, Daniel V. Beiser, Frank J. Mautino, Thomas Holbrook, Brandon W. Phelps and Jack McGuire

Last Action
DateChamber Action
  5/4/2006HouseThird Reading - Short Debate - Lost 062-043-000

Statutes Amended In Order of Appearance
30 ILCS 390/1from Ch. 122, par. 1201

Synopsis As Introduced
Amends the School Construction Bond Act. Makes a technical change in a Section concerning the short title.

House Floor Amendment No. 1
Deletes reference to:
30 ILCS 390/1
Adds reference to:
30 ILCS 330/2from Ch. 127, par. 652
30 ILCS 330/5from Ch. 127, par. 655

Deletes everything after the enacting clause. Amends the General Obligation Bond Act. Authorizes the State to incur new debt by issuing up to $500,000,000 in addition GO bonds. Authorizes additional amounts from the proceeds of GO bonds to be used for school construction projects. Effective immediately.

 Fiscal Note (H-AM 1)(Illinois State Board of Education)
 The State Board of Education estimates that it will cost $600,000 to fulfill the agency's obligations under the School Construction Law.

 State Mandates Fiscal Note (H-AM 1)(Illinois State Board of Education)
 The State Board of Education does not believe this will have an adverse impact on school districts.

 Fiscal Note (H-AM 1)(Capital Development Board)
 If appropriations are made for continuation of the program in the amount of $500,000,000, then historical spending shows that the program will spend out over a five year period approximately as follows: FY07 = $180 million; FY08 = $190 million; FY09 = $85 million; FY10 = $25 million; FY11 = $20 million.

 State Debt Impact Note (H-AM 1) (Com. on Gov. Forecasting & Accountability)
 Would raise general obligation bond authorization by $500 million for the School Construction Program increasing: General Obligation Principal by $500 million, Potential General Obligation Debt by $822 million, and Annual Debt Service will range from $21-$45 million.

DateChamber Action
  2/28/2005HouseFiled with the Clerk by Rep. Michael J. Madigan
  2/28/2005HouseChief Co-Sponsor Rep. Gary Hannig
  2/28/2005HouseFirst Reading
  2/28/2005HouseReferred to Rules Committee
  3/1/2005HouseAssigned to Executive Committee
  3/9/2005HouseDo Pass / Short Debate Executive Committee; 013-000-000
  3/10/2005HousePlaced on Calendar 2nd Reading - Short Debate **
  4/7/2005HouseSecond Reading - Short Debate
  4/7/2005HouseHeld on Calendar Order of Second Reading - Short Debate **
  4/15/2005HouseRule 19(a) / Re-referred to Rules Committee
  4/5/2006HouseFinal Action Deadline Extended-9(b) April 7, 2006
  4/5/2006HouseApproved for Consideration Rules Committee; 004-000-000
  4/5/2006HousePlaced on Calendar 2nd Reading - Short Debate
  4/7/2006HouseFinal Action Deadline Extended-9(b) April 13, 2006
  4/10/2006HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Michael J. Madigan; - Rep. Gary Hannig
  4/10/2006HouseHouse Floor Amendment No. 1 Referred to Rules Committee
  4/10/2006HouseHouse Floor Amendment No. 1 Rules Refers to Executive Committee
  4/10/2006HouseChief Sponsor Changed to Rep. Lisa M. Dugan
  4/11/2006HouseHouse Floor Amendment No. 1 Recommends Be Adopted Executive Committee; 007-004-000
  4/11/2006HouseAdded Chief Co-Sponsor Rep. Elaine Nekritz
  4/11/2006HouseAdded Chief Co-Sponsor Rep. Careen M Gordon
  4/11/2006HouseAdded Chief Co-Sponsor Rep. John E. Bradley
  4/11/2006HouseAdded Co-Sponsor Rep. Mike Boland
  4/11/2006HouseAdded Co-Sponsor Rep. Daniel V. Beiser
  4/11/2006HouseAdded Co-Sponsor Rep. Frank J. Mautino
  4/11/2006HouseAdded Co-Sponsor Rep. Thomas Holbrook
  4/11/2006HouseAdded Co-Sponsor Rep. Brandon W. Phelps
  4/13/2006HouseFinal Action Deadline Extended-9(b) April 30, 2006
  4/17/2006HouseFiscal Note Filed As Amended HA 1
  4/17/2006HouseState Mandates Fiscal Note Filed As Amended by HA 1
  4/18/2006HouseFiscal Note Filed As Amended by HA 1
  4/18/2006HouseState Debt Impact Note Filed As Amended by HA 1
  4/18/2006HouseSecond Reading - Short Debate
  4/18/2006HouseHouse Floor Amendment No. 1 Adopted by Voice Vote
  4/18/2006HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/30/2006HouseFinal Action Deadline Extended-9(b) May 5, 2006
  5/2/2006HouseAdded Co-Sponsor Rep. Jack McGuire
  5/4/2006House3/5 Vote Required
  5/4/2006HouseThird Reading - Short Debate - Lost 062-043-000

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