HB3052 100TH GENERAL ASSEMBLY

LRB100 09495 MLM 19658 b

100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018
HB3052

Introduced , by Rep. Thaddeus Jones

SYNOPSIS AS INTRODUCED:

105 ILCS 5/11E-140 new

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.

FISCAL NOTE ACT MAY APPLY

STATE MANDATES ACT MAY REQUIRE REIMBURSEMENT

A BILL FOR

AN ACT concerning education.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The School Code is amended by adding Section 11E-140 as follows:

(105 ILCS 5/11E-140 new)

Sec. 11E-140. Combination of Chicago Heights School District 170 and Ford Heights School District 169.

(a) On July 1, 2018, Chicago Heights School District 170 and Ford Heights School District 169 shall be combined as a single school district, which may be referred to as Heights School District 170.

(b) The school board of the combined Heights School District 170 shall consist of the school board of Chicago Heights School District 170. Following the 2019 consolidated election, the school board of the combined Heights School District 170 shall consist of the 4 members of the school board of Chicago Heights School District 170 whose terms expire in 2021 and the successors to the 3 members of the school board of Chicago Heights School District 170 whose terms expire in 2019, who shall be chosen by the electors of the combined Heights School District 170. All successive members of the school board shall be chosen by the electors of the combined Heights School District 170.

(c) Upon the combination provided for by this Section, any outstanding bonded indebtedness of Chicago Heights School District 170 or Ford Heights School District 169 shall be treated as provided in this subsection (c) and in Section 19-29 of this Code. The tax rate for bonded indebtedness shall be determined in the manner provided in Section 19-7 of this Code and, notwithstanding the creation of such district, the county clerk or clerks shall annually extend taxes for each outstanding bond issue against all of the taxable property that was situated within the boundaries of the district, as those boundaries existed at the time of the issuance of the bond issue, regardless of whether the property is still contained in that same district at the time of the extension of the taxes by the county clerk or clerks; provided that, notwithstanding the provisions of Section 19-18 of this Code, upon resolution of the school board, the county clerk must extend taxes to pay the principal of and interest on any general obligation bonds issued by the new district exclusively to refund any bonded indebtedness of a district organized into the new district against all of the taxable property that was situated within the boundaries of the previously existing district as the boundaries existed at the time of the issuance of the bonded indebtedness being refunded; however, (i) the net interest rate on the refunding bonds may not exceed the net interest rate on the refunded bonds, (ii) the final maturity date of the refunding bonds may not extend beyond the final maturity date of the refunded bonds, and (iii) the tax levy to pay the refunding bonds in any levy year may not exceed the tax levy that would have been required to pay the refunded bonds for that levy year.

Section 99. Effective date. This Act takes effect upon becoming law.