Illinois Senate Bill 3367 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Engrossed on April 21 2016 - 50% progression, died in committee
Action: 2016-05-13 - Rule 19(a) / Re-referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]

Amends the School Code with respect to the debt limitations of school districts. Allows Paxton-Buckley-Loda Community Unit School District 10 to issue bonds with an aggregate principal amount not to exceed $28,500,000 if, among other conditions, (i) the voters of the district approve a proposition for the bond issuance at an election held on or after November 8, 2016; (ii) prior to the issuance of the bonds, the school board determines that the projects as described in said proposition, relating to the building and equipping of one or more school buildings or additions to school buildings, are required as a result of the age and condition of the District's existing buildings; and (iii) the bonds are issued, in one or more issuances, not later than 5 years after the date of the referendum approving the issuance of the bonds. Provides that the debt incurred on the bonds and any refunding bonds shall not be considered indebtedness for purposes of any statutory debt limitation and such bonds must mature within not to exceed 25 years from their date. Effective immediately.

SCH CD-PAXTON-BUCKLEY-LODA

Sen. Jason Barickman [R]

Sen. Thomas Bennett [R]

2016-04-21 - Senate - Third Reading in Senate (Y: 53 N: 0 NV: 6 Abs: 0) [PASS]

Date	Chamber	Action
2016-05-13	House	Rule 19(a) / Re-referred to Rules Committee
2016-05-05	House	House Committee Amendment No. 2 Referred to Rules Committee
2016-05-05	House	House Committee Amendment No. 2 Filed with Clerk by Rep. Linda Chapa LaVia
2016-05-05	House	House Committee Amendment No. 1 Referred to Rules Committee
2016-05-05	House	House Committee Amendment No. 1 Filed with Clerk by Rep. Thomas M. Bennett
2016-05-02	House	Assigned to Revenue & Finance Committee
2016-04-21	House	Referred to Rules Committee
2016-04-21	House	First Reading
2016-04-21	House	Chief House Sponsor Rep. Thomas M. Bennett
2016-04-21	House	Arrived in House
2016-04-21	Senate	Third Reading - Passed; 053-000-000
2016-04-14	Senate	Placed on Calendar Order of 3rd Reading April 18, 2016
2016-04-14	Senate	Second Reading
2016-03-16	Senate	Placed on Calendar Order of 2nd Reading March 17, 2016
2016-03-16	Senate	Do Pass Education; 014-000-000
2016-03-08	Senate	Assigned to Education
2016-02-19	Senate	Referred to Assignments
2016-02-19	Senate	First Reading
2016-02-19	Senate	Filed with Secretary by Sen. Jason A. Barickman

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=3367&GAID=13&DocTypeID=SB&SessionID=88&GA=99
Text	https://www.ilga.gov/legislation/99/SB/09900SB3367.htm
Text	https://www.ilga.gov/legislation/99/SB/09900SB3367eng.htm
Amendment	https://www.ilga.gov/legislation/99/SB/09900SB3367ham001.htm
Amendment	https://www.ilga.gov/legislation/99/SB/09900SB3367ham002.htm
Roll Call	https://www.ilga.gov/legislation/votehistory/99/senate/09900SB3367_04212016_127000T.pdf