DEBT CONTROL-TAXPYR PROTECTION House SponsorsRep. Thomas Morrison 1/13/2021HouseSession Sine Die New Act105 ILCS 5/19-32 new Creates the School District Debt Control and Taxpayer Protection Act, and amends the School Code. 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. Provides that school districts may not be indebted in an amount greater than that indicated in the Act and if a school district does exceed the debt limitation, then the school district may not incur any new debt until the school district's debt is lower than the debt limitation. Effective immediately. 2/14/2019HouseFiled with the Clerk by Rep. Thomas Morrison 2/14/2019HouseFirst Reading 2/14/2019HouseReferred to Rules Committee 2/26/2019HouseAssigned to Elementary & Secondary Education: Administration, Licensing & Charter School 3/12/2019HouseMoved to Suspend Rule 21 Rep. Gregory Harris 3/12/2019HouseSuspend Rule 21 - Prevailed 3/29/2019HouseRule 19(a) / Re-referred to Rules Committee 1/13/2021HouseSession Sine Die