Bill Text: IL HB4133 | 2025-2026 | 104th General Assembly | Introduced

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Bill Title: Amends the Local Government Debt Reform Act. Provides that the approval for bonds authorized to be issued under the School Code and approved by the voters of Iroquois County Community Unit School District Number 9 in an April 2021 referendum remains in effect for 10 years after the date of the referendum. Effective immediately.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2025-10-15 - Referred to Rules Committee [HB4133 Detail]

Download: Illinois-2025-HB4133-Introduced.html

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104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB4133 Introduced , by Rep. Jason R. Bunting SYNOPSIS AS INTRODUCED:
30 ILCS 350/17.5
Amends the Local Government Debt Reform Act. Provides that the approval for bonds authorized to be issued under the School Code and approved by the voters of Iroquois County Community Unit School District Number 9 in an April 2021 referendum remains in effect for 10 years after the date of the referendum. Effective immediately.
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A BILL FOR
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AN ACT concerning finance.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Local Government Debt Reform Act is amended
by changing Section 17.5 as follows:
(30 ILCS 350/17.5)
Sec. 17.5. Bond authorization by referendum.
(a) Whenever applicable law provides that the
authorization of or the issuance of bonds is subject to either
a referendum or backdoor referendum, the approval, once
obtained, remains (i) for 5 years after the date of the
referendum or (ii) for 3 years after the end of the petition
period for a backdoor referendum. However, whenever the
applicable law provides that the authorization of or the
issuance of bonds under the Water Pollution Control Loan
Program or the Public Water Supply Loan Program, under Title
IV-A of the Environmental Protection Act, is subject to either
a referendum or backdoor referendum, the approval, once
obtained, remains (i) for 7 years after the date of the
referendum or (ii) for 5 years after the end of the petition
period for a backdoor referendum. In the case of bonds
authorized to be issued under the Downstate Forest Preserve
District Act and approved by Lake County voters in a November

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2008 referendum, or in the case of bonds authorized to be
issued under the School Code and approved by voters of
Sandoval Community Unit School District 501 in a March 2012
referendum, or bonds authorized to be issued under the School
Code and approved by the voters of Iroquois County Community
Unit School District Number 9 in an April 2021 referendum, the
approval, once obtained, remains for 10 years after the date
of the referendum. In the case of bonds authorized to be issued
under the Counties Code and approved by Jackson County voters
in a 1994 referendum, of which less than $200,000 of the
original bonds have been issued, and for which the purpose of
the bonds is flooding prevention, the approval, once obtained,
remains for 25 years after the date of the referendum.
(b) With respect to any bond approval under subsection
(a), if, for any reason, the bonds are not issued because of a
court action, then the time limits set forth under subsection
(a) for the approval for the bonds is tolled during the time
that the court action is pending. This subsection (b) applies
to any bond issuance approved by referendum held on or after
January 1, 2003 or by a backdoor referendum held on or after
January 1, 2005.
(Source: P.A. 98-655, eff. 6-18-14; 99-926, eff. 1-20-17.)
Section 99. Effective date. This Act takes effect upon
becoming law.