Bill Title: Reinserts the provisions of the engrossed bill with the following changes. In a Section concerning the debt limitations of school districts, additionally provides that, in addition to all other authority to issue bonds, Bethel School District 82 may issue bonds with an aggregate principal amount not to exceed $3,975,000 if specified conditions are met, including (i) that the voters of the school district approve a proposition for the bond issuance at an election held on or after March 19, 2024 and (ii) that, prior to the issuance of the bonds, the school board determines, by resolution, that the projects set forth in the proposition for the bond issuance were and are required because of the age and condition of the district's existing school buildings. Provides that the debt incurred on the bonds shall not be considered indebtedness for purposes of any statutory debt limitation and must mature within not to exceed 25 years from their date, notwithstanding any other law to the contrary. Effective immediately.

Spectrum: Slight Partisan Bill (Democrat 2-1)

Status: (Enrolled) 2024-06-21 - Sent to the Governor [SB3348 Detail]

Text: Latest bill text (Enrolled) [HTML]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Senator Robert Martwick [D]	Primary	Sponsored Bills	SD-010	FollowTheMoney	Ballotpedia	VoteSmart
Representative Dave Severin [R]	Primary	Sponsored Bills	HD-116	FollowTheMoney	Ballotpedia	VoteSmart
Representative Lindsey LaPointe [D]	Cosponsor	Sponsored Bills	HD-019	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on IL SB3348