Illinois House Bill 5773 (Prior Session Legislation)

---

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on May 8 2020 - 25% progression, died in committee
Action: 2020-05-18 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Amends the School Code. Provides that, in addition to all other authority to issue bonds, Komarek School District 94 may issue bonds with an aggregate principal amount not to exceed $20,800,000 if certain conditions are met. Provides that the debt incurred on any bonds issued and on any bonds issued to refund or continue to refund those bonds may not be considered indebtedness for purposes of any statutory debt limitation and must mature within 30 years from their date of issuance. Effective immediately.

SCH CD-BONDS-KOMAREK DISTRICT

Rep. LaShawn Ford [D]

Date	Chamber	Action
2020-05-18	House	Referred to Rules Committee
2020-05-18	House	First Reading
2020-05-08	House	Filed with the Clerk by Rep. La Shawn K. Ford

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=5773&GAID=15&DocTypeID=HB&SessionID=108&GA=101
Text	https://www.ilga.gov/legislation/101/HB/10100HB5773.htm