Illinois Senate Bill 1196 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Failed on January 13 2015 - 100% progression
Action: 2015-01-13 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

Amends the School Code. In a Section concerning the debt limitations of school districts, provides that, in addition to all other authority to issue bonds, Smithton Community Consolidated School District 130 may issue bonds with an aggregate principal amount not to exceed $15,000,000 if certain conditions are met, including (1) that the voters of the district approve a proposition for the bond issuance at an election held on or after April 9, 2013 and (2) that, prior to the issuance of the bonds, the school board determines, by resolution, that the building and equipping of a new Middle School Building and the alteration, repair, and equipping of the existing Elementary School Building are required as a result of the limited capacity, age, and condition of the existing school building. Provides that the debt incurred on the bonds shall not be considered indebtedness for purposes of any statutory debt limitation and that the bonds must mature within not to exceed 25 years from their date, notwithstanding any other law to the contrary. Effective immediately.

SCH CD-DEBT LIMIT-SMITHTON

Sen. James Clayborne [D]

Date	Chamber	Action
2015-01-13	Senate	Session Sine Die
2013-04-19	Senate	Rule 3-9(a) / Re-referred to Assignments
2013-04-17	Senate	Postponed - Revenue
2013-03-22	Senate	Rule 2-10 Committee Deadline Established As April 19, 2013
2013-03-20	Senate	Postponed - Revenue
2013-03-13	Senate	Postponed - Revenue
2013-03-06	Senate	Postponed - Revenue
2013-02-28	Senate	Postponed - Revenue
2013-02-07	Senate	Assigned to Revenue
2013-01-30	Senate	Referred to Assignments
2013-01-30	Senate	First Reading
2013-01-30	Senate	Filed with Secretary by Sen. James F. Clayborne, Jr.

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=1196&GAID=12&DocTypeID=SB&SessionID=85&GA=98
Text	https://www.ilga.gov/legislation/98/SB/09800SB1196.htm