SCH CD-DEBT LIMIT EXCEPTION Senate SponsorsSen. Robert F. Martwick House Sponsors(Rep. Dave Severin-Lindsey LaPointe) 8/9/2024SenatePublic Act . . . . . . . . . 103-0978 105 ILCS 5/19-1Amends the School Code. In a Section concerning the debt limitations of school districts, provides that, in addition to all other authority to issue bonds, Union Ridge School District 86 may issue bonds with an aggregate principal amount not to exceed $35,000,000 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.House Floor Amendment No. 1 Replaces everything after the enacting clause. 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. 2/7/2024SenateFiled with Secretary by Sen. Robert F. Martwick 2/7/2024SenateFirst Reading 2/7/2024SenateReferred to Assignments 2/20/2024SenateAssigned to Education 3/6/2024SenateDo Pass Education; 010-000-000 3/6/2024SenatePlaced on Calendar Order of 2nd Reading March 7, 2024 3/14/2024SenateSecond Reading 3/14/2024SenatePlaced on Calendar Order of 3rd Reading March 20, 2024 4/10/2024SenatePlaced on Calendar Order of 3rd Reading ** 4/12/2024SenateThird Reading - Passed; 058-000-000 4/12/2024HouseArrived in House 4/15/2024HouseChief House Sponsor Rep. Lindsey LaPointe 4/15/2024HouseFirst Reading 4/15/2024HouseReferred to Rules Committee 4/15/2024HouseAlternate Chief Sponsor Changed to Rep. Dave Severin 4/24/2024HouseAssigned to Elementary & Secondary Education: Administration, Licensing & Charter Schools 5/1/2024HouseDo Pass / Short Debate Elementary & Secondary Education: Administration, Licensing & Charter Schools; 008-000-000 5/2/2024HousePlaced on Calendar 2nd Reading - Short Debate 5/2/2024HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Lindsey LaPointe 5/2/2024HouseHouse Floor Amendment No. 1 Referred to Rules Committee 5/6/2024HouseHouse Floor Amendment No. 1 Rules Refers to Elementary & Secondary Education: Administration, Licensing & Charter Schools 5/7/2024HouseAdded Alternate Chief Co-Sponsor Rep. Dave Severin 5/7/2024HouseAlternate Chief Co-Sponsor Removed Rep. Dave Severin 5/8/2024HouseHouse Floor Amendment No. 1 Recommends Be Adopted Elementary & Secondary Education: Administration, Licensing & Charter Schools; 007-000-000 5/9/2024HousePlaced on Calendar 2nd Reading - Short Debate 5/14/2024HouseAdded Alternate Chief Co-Sponsor Rep. Lindsey LaPointe 5/16/2024HouseSecond Reading - Short Debate 5/16/2024HouseHeld on Calendar Order of Second Reading - Short Debate 5/17/2024HouseThird Reading/Final Action Deadline Extended-9(b) May 24, 2024 5/21/2024HouseHouse Floor Amendment No. 1 Adopted 5/21/2024HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/21/2024HouseThird Reading - Short Debate - Passed 108-000-000 5/21/2024SenateSecretary's Desk - Concurrence House Amendment(s) 1 5/21/2024SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1 - May 21, 2024 5/23/2024SenateHouse Floor Amendment No. 1 Motion to Concur Filed with Secretary Sen. Robert F. Martwick 5/23/2024SenateHouse Floor Amendment No. 1 Motion to Concur Referred to Assignments 5/23/2024SenateHouse Floor Amendment No. 1 Motion to Concur Assignments Referred to Education 5/23/2024SenateHouse Floor Amendment No. 1 Motion To Concur Recommended Do Adopt Education; 012-000-000 5/24/2024SenateHouse Floor Amendment No. 1 Senate Concurs 058-000-000 5/24/2024SenateSenate Concurs 5/24/2024SenatePassed Both Houses 6/21/2024SenateSent to the Governor 8/9/2024SenateGovernor Approved 8/9/2024SenateEffective Date August 9, 2024 8/9/2024SenatePublic Act . . . . . . . . . 103-0978