Illinois House Bill 4472 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 20 2016 - 25% progression, died in committee
Action: 2016-04-22 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the School Code with respect to the debt limitations of school districts. Allows Bureau Valley Community Unit School District 340 to issue bonds with an aggregate principal amount not to exceed $25,000,000 if, among other conditions, (i) the voters of the district approve a proposition for the bond issuance at an election held on or after March 15, 2016; (ii) prior to the issuance of the bonds, the school board determines that the renovating and equipping of some existing school buildings, the building and equipping of new school buildings, and the demolishing of some existing school buildings are required as a result of the age and condition of existing school buildings; and (iii) the bonds are issued, in one or more issuances, on or before July 1, 2021. Provides that the debt incurred on the bonds shall not be considered indebtedness for purposes of any statutory debt limitation and the bonds must mature within not to exceed 30 years from their date. Effective immediately.

SCH CD-DEBT LIMT-BUREAU VALLEY

Rep. Tom Demmer [R]

Rep. David Leitch [R]

Rep. Donald Moffitt [R]

Date	Chamber	Action
2016-04-22	House	Rule 19(a) / Re-referred to Rules Committee
2016-04-15	House	Held on Calendar Order of Second Reading - Short Debate
2016-04-15	House	Second Reading - Short Debate
2016-03-03	House	Added Chief Co-Sponsor Rep. Donald L. Moffitt
2016-03-02	House	Placed on Calendar 2nd Reading - Short Debate
2016-03-02	House	Do Pass / Short Debate Elementary & Secondary Education: School Curriculum & Policies Committee; 015-006-000
2016-02-16	House	Added Chief Co-Sponsor Rep. David R. Leitch
2016-02-16	House	Chief Sponsor Changed to Rep. Tom Demmer
2016-02-16	House	Assigned to Elementary & Secondary Education: School Curriculum & Policies Committee
2016-01-20	House	Referred to Rules Committee
2016-01-20	House	First Reading
2016-01-20	House	Filed with the Clerk by Rep. David R. Leitch

Chapter	Article	Section	Citation Type	Statute Text
105	5	19-1	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=4472&GAID=13&DocTypeID=HB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/HB/09900HB4472.htm