IL HB2739 | 2019-2020 | 101st General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 14 2019 - 25% progression, died in committee
Action: 2019-03-29 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates the School District Debt Control and Taxpayer Protection Act, and amends the School Code. Provides that a school district may not refinance debt past the repayment period of the debt when issued, may not issue debt to be serviced over a period of greater than 20 years, and may not issue capital appreciation bonds. Provides that school districts may not be indebted in an amount greater than that indicated in the Act and if a school district does exceed the debt limitation, then the school district may not incur any new debt until the school district's debt is lower than the debt limitation. Effective immediately.
Title
DEBT CONTROL-TAXPYR PROTECTION
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-03-29 | House | Rule 19(a) / Re-referred to Rules Committee |
2019-03-12 | House | Suspend Rule 21 - Prevailed |
2019-03-12 | House | Moved to Suspend Rule 21 Rep. Gregory Harris |
2019-02-26 | House | Assigned to Elementary & Secondary Education: Administration, Licensing & Charter School |
2019-02-14 | House | Referred to Rules Committee |
2019-02-14 | House | First Reading |
2019-02-14 | House | Filed with the Clerk by Rep. Thomas Morrison |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2739&GAID=15&DocTypeID=HB&SessionID=108&GA=101 |
Text | https://www.ilga.gov/legislation/101/HB/10100HB2739.htm |