MCGUIRE. 20 ILCS 3105/1A-3 from Ch. 127, par. 783.3 30 ILCS 330/2 from Ch. 127, par. 652 30 ILCS 330/5 from Ch. 127, par. 655 Amends the Capital Development Board Act by changing the grant index applicable to grants to school districts for school construction projects to an enrollment based formula from a weighted average daily attendance based formula. Also amends the General Obligation Bond Act to increase the State's bonding authority by $1,000,000,000, earmarking that increase exclusively for specified types of school construction projects over a 10-year period. Effective immediately. STATE DEBT IMPACT NOTE Increase in general obligation principal $1.0 bil. Increase in potential general obligation debt $1.9 bil. Increase in annual debt service payment (FY2022) $78.3 mil. STATE DEBT IMPACT NOTE No change from previous note. FISCAL NOTE (Capital Development Board) HB956 has no fiscal impact on CDB. STATE MANDATES FISCAL NOTE While $1,000,000 is a step in the right direction, it repre- sents only a small percentage of current and future needs of existing school districts. FISCAL NOTE (State Bd. of Ed.) No change from previous note. 97-02-26 H FIRST READING 97-02-26 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-02-27 H ASSIGNED TO COMMITTEE ELEM SCND ED 97-03-04 H STATE DEBT IMPACT NOTE FILED 97-03-04 H COMMITTEE ELEM SCND ED 97-03-13 H STATE DEBT IMPACT NOTE FILED 97-03-13 H COMMITTEE ELEM SCND ED 97-03-17 H FISCAL NOTE FILED 97-03-17 H COMMITTEE ELEM SCND ED 97-03-20 H STATE MANDATES FISCAL NOTE FILED 97-03-20 H FISCAL NOTE FILED 97-03-20 H COMMITTEE ELEM SCND ED 97-03-21 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary