SCH CD-SCH TRUSTEE BOND House SponsorsRep. Janet Yang Rohr-Anne Stava-Murray-Terra Costa Howard and William "Will" Davis Senate Sponsors(Sen. Laura Ellman) 6/9/2023HousePublic Act . . . . . . . . . 103-0049 105 ILCS 5/8-2from Ch. 122, par. 8-2105 ILCS 5/19-6from Ch. 122, par. 19-6 Amends the Treasurers Article of the School Code. Removes provisions allowing the school treasurer to execute a bond with 2 or more persons having an interest in real estate who are not trustees before beginning the treasurer's duties. Provides that, for those school districts that have a designation of recognition or review according to the State Board of Education's School District Financial Profile System, the penalty of the bond shall be determined by the school board in an amount no less than 10% of the amount of all bonds, notes, mortgages, moneys and effects the treasurer will have custody over as measured by specified provisions (rather than an initial penalty of 25% with the penalty increasing and decreasing based on specified factors, but not higher than 25%). Provides that, for those districts that have no designation of recognition or review, then the penalty shall be 25%. Amends the Debt Limitation Article of the School Code to make conforming changes. Effective immediately.House Floor Amendment No. 1 Replaces everything after the enacting clause. Reinserts the contents of the introduced bill with the following changes. Provides that the penalty of the bond shall be determined by the school board in an amount no less than 10% of the amount of all bonds, notes, mortgages, moneys, and effects (instead of providing that for those school districts that have a designation of recognition or review according to the State Board of Education's School District Financial Profile System, the penalty of the bond shall be determined by the school board in an amount no less than 10% of the amount of all bonds, notes, mortgages, moneys, and effects and that for all other school districts, the penalty of the bond shall be 25% of all bonds, notes, mortgages, moneys, and effects). Provides that a treasurer shall, before receiving any borrowed money, execute a bond with a surety company authorized to do business in this State (instead of with 2 or more persons having an interest in real estate, who shall not be trustees, or a surety company authorized to do business in this State). Effective immediately. 2/17/2023HouseFiled with the Clerk by Rep. Janet Yang Rohr 2/17/2023HouseFirst Reading 2/17/2023HouseReferred to Rules Committee 2/28/2023HouseAssigned to Elementary & Secondary Education: Administration, Licensing & Charter Schools 3/8/2023HouseDo Pass / Short Debate Elementary & Secondary Education: Administration, Licensing & Charter Schools; 006-003-000 3/10/2023HousePlaced on Calendar 2nd Reading - Short Debate 3/15/2023HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Janet Yang Rohr 3/15/2023HouseHouse Floor Amendment No. 1 Referred to Rules Committee 3/16/2023HouseAdded Chief Co-Sponsor Rep. Anne Stava-Murray 3/20/2023HouseHouse Floor Amendment No. 1 Rules Refers to Elementary & Secondary Education: Administration, Licensing & Charter Schools 3/21/2023HouseAdded Chief Co-Sponsor Rep. Terra Costa Howard 3/22/2023HouseHouse Floor Amendment No. 1 Recommends Be Adopted Elementary & Secondary Education: Administration, Licensing & Charter Schools; 008-000-000 3/22/2023HouseAdded Co-Sponsor Rep. William "Will" Davis 3/22/2023HouseSecond Reading - Short Debate 3/22/2023HouseHouse Floor Amendment No. 1 Adopted 3/22/2023HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/23/2023HouseThird Reading - Short Debate - Passed 071-035-000 3/27/2023SenateArrive in Senate 3/27/2023SenatePlaced on Calendar Order of First Reading 3/27/2023SenateChief Senate Sponsor Sen. Laura Ellman 3/27/2023SenateFirst Reading 3/27/2023SenateReferred to Assignments 4/12/2023SenateAssigned to Education 4/19/2023SenateDo Pass Education; 011-000-000 4/19/2023SenatePlaced on Calendar Order of 2nd Reading April 20, 2023 4/20/2023SenateSecond Reading 4/20/2023SenatePlaced on Calendar Order of 3rd Reading April 25, 2023 5/4/2023SenateThird Reading - Passed; 055-000-000 5/4/2023HousePassed Both Houses 6/2/2023HouseSent to the Governor 6/9/2023HouseGovernor Approved 6/9/2023HouseEffective Date June 9, 2023 6/9/2023HousePublic Act . . . . . . . . . 103-0049