LINDNER. 20 ILCS 3105/1A-1.01 new 30 ILCS 105/5.449 new 30 ILCS 330/2 from Ch. 127, par. 652 30 ILCS 330/5 from Ch. 127, par. 655 30 ILCS 330/12 from Ch. 127, par. 662 Amends the Capital Development Board Act to provide for school construction grants to be made to school districts from funds appropriated from the School Improvement Bond Fund, on a one-half to one-fifth matching grant basis, by region, over at least a 10-year period. Amends the General Obligation Bond Act to increase the State's bonding authority by $3,000,000,000 for school construction grants. Provides that the proceeds from the sale of the bonds shall be deposited into the School Improvement Bond Fund. Amends the State Finance Act to create the School Improvement Bond Fund. Effective July 1, 1998. STATE DEBT NOTE HB 2303 would increase: General obligation principal by $3,000 billion Potential general obligation debt by $5,591 billion Annual debt service payments by $223.7 billion 97-10-02 H FILED WITH CLERK 97-10-16 H FIRST READING 97-10-16 H REFERRED TO HOUSE RULES COMMITTEE RULES 97-10-17 H ASSIGNED TO COMMITTEE APP-GEN SERVS 97-10-27 H STATE DEBT IMPACT NOTE FILED 97-10-27 H COMMITTEE APP-GEN SERVS 98-01-02 H RE-REFERRED TO RULES COMM/RULE 19(B) RULES HRUL 99-01-12 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary