Bill Text: IL HB3052 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Amends the School Code. Provides for the combination of Chicago Heights School District 170 and Ford Heights School District 169 into a new Heights School District 170. Sets forth requirements concerning transitioning the school board and sets forth provisions concerning bonding and tax levies. Effective immediately.
Sponsorship: Bipartisan Bill
Status: (Introduced - Dead) 2018-01-31 - Tabled [HB3052 Detail]
Download: Illinois-2017-HB3052-Introduced.html
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| 1 | AN ACT concerning education.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The School Code is amended by adding Section | ||||||||||||||||||||||||
| 5 | 11E-140 as follows:
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| 6 | (105 ILCS 5/11E-140 new) | ||||||||||||||||||||||||
| 7 | Sec. 11E-140. Combination of Chicago Heights School | ||||||||||||||||||||||||
| 8 | District 170 and Ford Heights School District 169. | ||||||||||||||||||||||||
| 9 | (a) On July 1, 2018, Chicago Heights School District 170 | ||||||||||||||||||||||||
| 10 | and Ford Heights School District 169 shall be combined as a | ||||||||||||||||||||||||
| 11 | single school district, which may be referred to as Heights | ||||||||||||||||||||||||
| 12 | School District 170. | ||||||||||||||||||||||||
| 13 | (b) The school board of the combined Heights School | ||||||||||||||||||||||||
| 14 | District 170 shall consist of the school board of Chicago | ||||||||||||||||||||||||
| 15 | Heights School District 170. Following the 2019 consolidated | ||||||||||||||||||||||||
| 16 | election, the school board of the combined Heights School | ||||||||||||||||||||||||
| 17 | District 170 shall consist of the 4 members of the school board | ||||||||||||||||||||||||
| 18 | of Chicago Heights School District 170 whose terms expire in | ||||||||||||||||||||||||
| 19 | 2021 and the successors to the 3 members of the school board of | ||||||||||||||||||||||||
| 20 | Chicago Heights School District 170 whose terms expire in 2019, | ||||||||||||||||||||||||
| 21 | who shall be chosen by the electors of the combined Heights | ||||||||||||||||||||||||
| 22 | School District 170. All successive members of the school board | ||||||||||||||||||||||||
| 23 | shall be chosen by the electors of the combined Heights School | ||||||||||||||||||||||||
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| 1 | District 170. | ||||||
| 2 | (c) Upon the combination provided for by this Section, any | ||||||
| 3 | outstanding bonded indebtedness of Chicago Heights School | ||||||
| 4 | District 170 or Ford Heights School District 169 shall be | ||||||
| 5 | treated as provided in this subsection (c) and in Section 19-29 | ||||||
| 6 | of this Code. The tax rate for bonded indebtedness shall be | ||||||
| 7 | determined in the manner provided in Section 19-7 of this Code | ||||||
| 8 | and, notwithstanding the creation of such district, the county | ||||||
| 9 | clerk or clerks shall annually extend taxes for each | ||||||
| 10 | outstanding bond issue against all of the taxable property that | ||||||
| 11 | was situated within the boundaries of the district, as those | ||||||
| 12 | boundaries existed at the time of the issuance of the bond | ||||||
| 13 | issue, regardless of whether the property is still contained in | ||||||
| 14 | that same district at the time of the extension of the taxes by | ||||||
| 15 | the county clerk or clerks; provided that, notwithstanding the | ||||||
| 16 | provisions of Section 19-18 of this Code, upon resolution of | ||||||
| 17 | the school board, the county clerk must extend taxes to pay the | ||||||
| 18 | principal of and interest on any general obligation bonds | ||||||
| 19 | issued by the new district exclusively to refund any bonded | ||||||
| 20 | indebtedness of a district organized into the new district | ||||||
| 21 | against all of the taxable property that was situated within | ||||||
| 22 | the boundaries of the previously existing district as the | ||||||
| 23 | boundaries existed at the time of the issuance of the bonded | ||||||
| 24 | indebtedness being refunded; however, (i) the net interest rate | ||||||
| 25 | on the refunding bonds may not exceed the net interest rate on | ||||||
| 26 | the refunded bonds, (ii) the final maturity date of the | ||||||
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| 1 | refunding bonds may not extend beyond the final maturity date | ||||||
| 2 | of the refunded bonds, and (iii) the tax levy to pay the | ||||||
| 3 | refunding bonds in any levy year may not exceed the tax levy | ||||||
| 4 | that would have been required to pay the refunded bonds for | ||||||
| 5 | that levy year.
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| 6 | Section 99. Effective date. This Act takes effect upon | ||||||
| 7 | becoming law.
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