Bill Texts: IL HB5572 | 2017-2018 | 100th General Assembly
Bill Title: Creates the School District Debt Control and Taxpayer Protection Act. Provides that a school district may not refinance debt past the repayment period of the debt when issued, may not issue debt to be serviced over a period of greater than 20 years, and may not issue capital appreciation bonds. Sets forth provisions calculating and establishing a debt limit and prohibiting new debt. Requires specified bond referendum and bond issuance information to be provided. Effective immediately.
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2018-04-27 - Added Chief Co-Sponsor Rep. Allen Skillicorn [HB5572 Detail]
Spectrum: Partisan Bill (Republican 2-0)
Status: (Introduced - Dead) 2018-04-27 - Added Chief Co-Sponsor Rep. Allen Skillicorn [HB5572 Detail]
Bill Drafts
| Revision | Date | Format | Source | View |
|---|---|---|---|---|
| Engrossed | 2018-05-03 | HTML/Text | Link | View |
| Introduced | 2018-02-16 | HTML/Text | Link | View |
Amendments
| Amendment | Date | Disposition | Format | Source | View |
|---|---|---|---|---|---|
| House Amendment 001 | 2018-04-23 | Proposed | HTML/Text | Link | View |
Supplemental Documents
| Title | Description | Date | Format | Source | View |
|---|---|---|---|---|---|
| No supplemental documents for Illinois HB5572 currently on file. | |||||
