IL SB2149 | 2011-2012 | 97th General Assembly

Status

Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on August 16 2011 - 100% progression
Action: 2011-08-16 - Public Act . . . . . . . . . 97-0429
Text: Latest bill text (Chaptered) [HTML]

Summary

Creates the Financial Oversight Panel Law of the School Code. Allows a school district (other than the Chicago school district) to petition the State Board of Education for the establishment of a Financial Oversight Panel for the district. Allows the State Board to establish a Financial Oversight Panel without a petition from a district. Contains provisions concerning duties of the district; members and meetings of a Panel; powers of a Panel; officers of a Panel; collective bargaining agreements; deposits and investments; cash and bank accounts; the financial, management, and budgetary structure; the School District Emergency Financial Assistance Fund; grants and loans; the issuance of bonds; a tax levy; a debt service fund; a debt service reserve fund; bond anticipation notes; tax anticipation warrants; reports; a Panel audit; Panel property being exempt from taxation; sanctions; and abolition of a Panel. Makes related changes in the School Code and the Property Tax Code. Effective July 1, 2011.

Tracking Information

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Title

SCH CD-FINANC OVERSIGHT PANEL

Sponsors


Roll Calls

2011-05-20 - House - Third Reading in House (Y: 72 N: 39 NV: 0 Abs: 0) [PASS]
2011-04-14 - Senate - Third Reading in Senate (Y: 36 N: 19 NV: 3 Abs: 1) [PASS]

History

DateChamberAction
2011-08-16SenatePublic Act . . . . . . . . . 97-0429
2011-08-16SenateEffective Date August 16, 2011
2011-08-16SenateGovernor Approved
2011-06-17SenateSent to the Governor
2011-05-20SenatePassed Both Houses
2011-05-20HouseThird Reading - Short Debate - Passed 072-039-000
2011-05-16HousePlaced on Calendar Order of 3rd Reading - Short Debate
2011-05-16HouseSecond Reading - Short Debate
2011-05-11HousePlaced on Calendar 2nd Reading - Short Debate
2011-05-11HouseDo Pass / Short Debate Elementary & Secondary Education Committee; 016-006-000
2011-04-25HouseAssigned to Elementary & Secondary Education Committee
2011-04-15HouseReferred to Rules Committee
2011-04-15HouseFirst Reading
2011-04-15HouseChief House Sponsor Rep. Roger L. Eddy
2011-04-15HousePlaced on Calendar Order of First Reading
2011-04-15HouseArrived in House
2011-04-14SenateThird Reading - Passed; 036-019-001
2011-04-14SenatePlaced on Calendar Order of 3rd Reading
2011-04-14SenateSenate Floor Amendment No. 3 Adopted; Sullivan
2011-04-14SenateRecalled to Second Reading
2011-04-13SenateSenate Floor Amendment No. 3 Recommend Do Adopt Executive; 012-000-000
2011-04-11SenateSenate Floor Amendment No. 3 Assignments Refers to Executive
2011-04-08SenateSenate Floor Amendment No. 3 Referred to Assignments
2011-04-08SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. John M. Sullivan
2011-04-08SenatePlaced on Calendar Order of 3rd Reading April 11, 2011
2011-04-08SenateSenate Floor Amendment No. 2 Adopted; Sullivan
2011-04-08SenateSecond Reading
2011-04-06SenateSenate Floor Amendment No. 2 Recommend Do Adopt Executive; 015-000-000
2011-04-06SenateSenate Floor Amendment No. 2 Assignments Refers to Executive
2011-04-05SenateSenate Floor Amendment No. 2 Referred to Assignments
2011-04-05SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. John M. Sullivan
2011-03-17SenatePlaced on Calendar Order of 2nd Reading March 17, 2011
2011-03-17SenateDo Pass as Amended Executive; 012-003-000
2011-03-16SenateSenate Committee Amendment No. 1 Adopted
2011-03-15SenateSenate Committee Amendment No. 1 Assignments Refers to Executive
2011-03-15SenateSenate Committee Amendment No. 1 Referred to Assignments
2011-03-15SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. John M. Sullivan
2011-03-10SenatePostponed - Executive
2011-03-02SenateAssigned to Executive
2011-03-01SenateChief Sponsor Changed to Sen. John M. Sullivan
2011-03-01SenateChief Sponsor Changed to Sen. Dan Kotowski
2011-02-10SenateReferred to Assignments
2011-02-10SenateFirst Reading
2011-02-10SenateFiled with Secretary by Sen. John M. Sullivan

Code Citations

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Illinois State Sources


Bill Comments

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