Rep. Emanuel Chris Welch

Filed: 5/21/2020

 

 


 

 


 
10100SB1937ham002LRB101 08681 NHT 72321 a

1
AMENDMENT TO SENATE BILL 1937

2    AMENDMENT NO. ______. Amend Senate Bill 1937 by replacing
3everything after the enacting clause with the following:
 
4    "Section 5. The School Code is amended by changing Section
519-1 as follows:
 
6    (105 ILCS 5/19-1)
7    Sec. 19-1. Debt limitations of school districts.
8    (a) School districts shall not be subject to the provisions
9limiting their indebtedness prescribed in the Local Government
10Debt Limitation Act.
11    No school districts maintaining grades K through 8 or 9
12through 12 shall become indebted in any manner or for any
13purpose to an amount, including existing indebtedness, in the
14aggregate exceeding 6.9% on the value of the taxable property
15therein to be ascertained by the last assessment for State and
16county taxes or, until January 1, 1983, if greater, the sum

 

 

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1that is produced by multiplying the school district's 1978
2equalized assessed valuation by the debt limitation percentage
3in effect on January 1, 1979, previous to the incurring of such
4indebtedness.
5    No school districts maintaining grades K through 12 shall
6become indebted in any manner or for any purpose to an amount,
7including existing indebtedness, in the aggregate exceeding
813.8% on the value of the taxable property therein to be
9ascertained by the last assessment for State and county taxes
10or, until January 1, 1983, if greater, the sum that is produced
11by multiplying the school district's 1978 equalized assessed
12valuation by the debt limitation percentage in effect on
13January 1, 1979, previous to the incurring of such
14indebtedness.
15    No partial elementary unit district, as defined in Article
1611E of this Code, shall become indebted in any manner or for
17any purpose in an amount, including existing indebtedness, in
18the aggregate exceeding 6.9% of the value of the taxable
19property of the entire district, to be ascertained by the last
20assessment for State and county taxes, plus an amount,
21including existing indebtedness, in the aggregate exceeding
226.9% of the value of the taxable property of that portion of
23the district included in the elementary and high school
24classification, to be ascertained by the last assessment for
25State and county taxes. Moreover, no partial elementary unit
26district, as defined in Article 11E of this Code, shall become

 

 

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1indebted on account of bonds issued by the district for high
2school purposes in the aggregate exceeding 6.9% of the value of
3the taxable property of the entire district, to be ascertained
4by the last assessment for State and county taxes, nor shall
5the district become indebted on account of bonds issued by the
6district for elementary purposes in the aggregate exceeding
76.9% of the value of the taxable property for that portion of
8the district included in the elementary and high school
9classification, to be ascertained by the last assessment for
10State and county taxes.
11    Notwithstanding the provisions of any other law to the
12contrary, in any case in which the voters of a school district
13have approved a proposition for the issuance of bonds of such
14school district at an election held prior to January 1, 1979,
15and all of the bonds approved at such election have not been
16issued, the debt limitation applicable to such school district
17during the calendar year 1979 shall be computed by multiplying
18the value of taxable property therein, including personal
19property, as ascertained by the last assessment for State and
20county taxes, previous to the incurring of such indebtedness,
21by the percentage limitation applicable to such school district
22under the provisions of this subsection (a).
23    (a-5) After January 1, 2018, no school district may issue
24bonds under Sections 19-2 through 19-7 of this Code and rely on
25an exception to the debt limitations in this Section unless it
26has complied with the requirements of Section 21 of the Bond

 

 

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1Issue Notification Act and the bonds have been approved by
2referendum.
3    (b) Notwithstanding the debt limitation prescribed in
4subsection (a) of this Section, additional indebtedness may be
5incurred in an amount not to exceed the estimated cost of
6acquiring or improving school sites or constructing and
7equipping additional building facilities under the following
8conditions:
9        (1) Whenever the enrollment of students for the next
10    school year is estimated by the board of education to
11    increase over the actual present enrollment by not less
12    than 35% or by not less than 200 students or the actual
13    present enrollment of students has increased over the
14    previous school year by not less than 35% or by not less
15    than 200 students and the board of education determines
16    that additional school sites or building facilities are
17    required as a result of such increase in enrollment; and
18        (2) When the Regional Superintendent of Schools having
19    jurisdiction over the school district and the State
20    Superintendent of Education concur in such enrollment
21    projection or increase and approve the need for such
22    additional school sites or building facilities and the
23    estimated cost thereof; and
24        (3) When the voters in the school district approve a
25    proposition for the issuance of bonds for the purpose of
26    acquiring or improving such needed school sites or

 

 

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1    constructing and equipping such needed additional building
2    facilities at an election called and held for that purpose.
3    Notice of such an election shall state that the amount of
4    indebtedness proposed to be incurred would exceed the debt
5    limitation otherwise applicable to the school district.
6    The ballot for such proposition shall state what percentage
7    of the equalized assessed valuation will be outstanding in
8    bonds if the proposed issuance of bonds is approved by the
9    voters; or
10        (4) Notwithstanding the provisions of paragraphs (1)
11    through (3) of this subsection (b), if the school board
12    determines that additional facilities are needed to
13    provide a quality educational program and not less than 2/3
14    of those voting in an election called by the school board
15    on the question approve the issuance of bonds for the
16    construction of such facilities, the school district may
17    issue bonds for this purpose; or
18        (5) Notwithstanding the provisions of paragraphs (1)
19    through (3) of this subsection (b), if (i) the school
20    district has previously availed itself of the provisions of
21    paragraph (4) of this subsection (b) to enable it to issue
22    bonds, (ii) the voters of the school district have not
23    defeated a proposition for the issuance of bonds since the
24    referendum described in paragraph (4) of this subsection
25    (b) was held, (iii) the school board determines that
26    additional facilities are needed to provide a quality

 

 

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1    educational program, and (iv) a majority of those voting in
2    an election called by the school board on the question
3    approve the issuance of bonds for the construction of such
4    facilities, the school district may issue bonds for this
5    purpose.
6    In no event shall the indebtedness incurred pursuant to
7this subsection (b) and the existing indebtedness of the school
8district exceed 15% of the value of the taxable property
9therein to be ascertained by the last assessment for State and
10county taxes, previous to the incurring of such indebtedness
11or, until January 1, 1983, if greater, the sum that is produced
12by multiplying the school district's 1978 equalized assessed
13valuation by the debt limitation percentage in effect on
14January 1, 1979.
15    The indebtedness provided for by this subsection (b) shall
16be in addition to and in excess of any other debt limitation.
17    (c) Notwithstanding the debt limitation prescribed in
18subsection (a) of this Section, in any case in which a public
19question for the issuance of bonds of a proposed school
20district maintaining grades kindergarten through 12 received
21at least 60% of the valid ballots cast on the question at an
22election held on or prior to November 8, 1994, and in which the
23bonds approved at such election have not been issued, the
24school district pursuant to the requirements of Section 11A-10
25(now repealed) may issue the total amount of bonds approved at
26such election for the purpose stated in the question.

 

 

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1    (d) Notwithstanding the debt limitation prescribed in
2subsection (a) of this Section, a school district that meets
3all the criteria set forth in paragraphs (1) and (2) of this
4subsection (d) may incur an additional indebtedness in an
5amount not to exceed $4,500,000, even though the amount of the
6additional indebtedness authorized by this subsection (d),
7when incurred and added to the aggregate amount of indebtedness
8of the district existing immediately prior to the district
9incurring the additional indebtedness authorized by this
10subsection (d), causes the aggregate indebtedness of the
11district to exceed the debt limitation otherwise applicable to
12that district under subsection (a):
13        (1) The additional indebtedness authorized by this
14    subsection (d) is incurred by the school district through
15    the issuance of bonds under and in accordance with Section
16    17-2.11a for the purpose of replacing a school building
17    which, because of mine subsidence damage, has been closed
18    as provided in paragraph (2) of this subsection (d) or
19    through the issuance of bonds under and in accordance with
20    Section 19-3 for the purpose of increasing the size of, or
21    providing for additional functions in, such replacement
22    school buildings, or both such purposes.
23        (2) The bonds issued by the school district as provided
24    in paragraph (1) above are issued for the purposes of
25    construction by the school district of a new school
26    building pursuant to Section 17-2.11, to replace an

 

 

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1    existing school building that, because of mine subsidence
2    damage, is closed as of the end of the 1992-93 school year
3    pursuant to action of the regional superintendent of
4    schools of the educational service region in which the
5    district is located under Section 3-14.22 or are issued for
6    the purpose of increasing the size of, or providing for
7    additional functions in, the new school building being
8    constructed to replace a school building closed as the
9    result of mine subsidence damage, or both such purposes.
10    (e) (Blank).
11    (f) Notwithstanding the provisions of subsection (a) of
12this Section or of any other law, bonds in not to exceed the
13aggregate amount of $5,500,000 and issued by a school district
14meeting the following criteria shall not be considered
15indebtedness for purposes of any statutory limitation and may
16be issued in an amount or amounts, including existing
17indebtedness, in excess of any heretofore or hereafter imposed
18statutory limitation as to indebtedness:
19        (1) At the time of the sale of such bonds, the board of
20    education of the district shall have determined by
21    resolution that the enrollment of students in the district
22    is projected to increase by not less than 7% during each of
23    the next succeeding 2 school years.
24        (2) The board of education shall also determine by
25    resolution that the improvements to be financed with the
26    proceeds of the bonds are needed because of the projected

 

 

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1    enrollment increases.
2        (3) The board of education shall also determine by
3    resolution that the projected increases in enrollment are
4    the result of improvements made or expected to be made to
5    passenger rail facilities located in the school district.
6    Notwithstanding the provisions of subsection (a) of this
7Section or of any other law, a school district that has availed
8itself of the provisions of this subsection (f) prior to July
922, 2004 (the effective date of Public Act 93-799) may also
10issue bonds approved by referendum up to an amount, including
11existing indebtedness, not exceeding 25% of the equalized
12assessed value of the taxable property in the district if all
13of the conditions set forth in items (1), (2), and (3) of this
14subsection (f) are met.
15    (g) Notwithstanding the provisions of subsection (a) of
16this Section or any other law, bonds in not to exceed an
17aggregate amount of 25% of the equalized assessed value of the
18taxable property of a school district and issued by a school
19district meeting the criteria in paragraphs (i) through (iv) of
20this subsection shall not be considered indebtedness for
21purposes of any statutory limitation and may be issued pursuant
22to resolution of the school board in an amount or amounts,
23including existing indebtedness, in excess of any statutory
24limitation of indebtedness heretofore or hereafter imposed:
25        (i) The bonds are issued for the purpose of
26    constructing a new high school building to replace two

 

 

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1    adjacent existing buildings which together house a single
2    high school, each of which is more than 65 years old, and
3    which together are located on more than 10 acres and less
4    than 11 acres of property.
5        (ii) At the time the resolution authorizing the
6    issuance of the bonds is adopted, the cost of constructing
7    a new school building to replace the existing school
8    building is less than 60% of the cost of repairing the
9    existing school building.
10        (iii) The sale of the bonds occurs before July 1, 1997.
11        (iv) The school district issuing the bonds is a unit
12    school district located in a county of less than 70,000 and
13    more than 50,000 inhabitants, which has an average daily
14    attendance of less than 1,500 and an equalized assessed
15    valuation of less than $29,000,000.
16    (h) Notwithstanding any other provisions of this Section or
17the provisions of any other law, until January 1, 1998, a
18community unit school district maintaining grades K through 12
19may issue bonds up to an amount, including existing
20indebtedness, not exceeding 27.6% of the equalized assessed
21value of the taxable property in the district, if all of the
22following conditions are met:
23        (i) The school district has an equalized assessed
24    valuation for calendar year 1995 of less than $24,000,000;
25        (ii) The bonds are issued for the capital improvement,
26    renovation, rehabilitation, or replacement of existing

 

 

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1    school buildings of the district, all of which buildings
2    were originally constructed not less than 40 years ago;
3        (iii) The voters of the district approve a proposition
4    for the issuance of the bonds at a referendum held after
5    March 19, 1996; and
6        (iv) The bonds are issued pursuant to Sections 19-2
7    through 19-7 of this Code.
8    (i) Notwithstanding any other provisions of this Section or
9the provisions of any other law, until January 1, 1998, a
10community unit school district maintaining grades K through 12
11may issue bonds up to an amount, including existing
12indebtedness, not exceeding 27% of the equalized assessed value
13of the taxable property in the district, if all of the
14following conditions are met:
15        (i) The school district has an equalized assessed
16    valuation for calendar year 1995 of less than $44,600,000;
17        (ii) The bonds are issued for the capital improvement,
18    renovation, rehabilitation, or replacement of existing
19    school buildings of the district, all of which existing
20    buildings were originally constructed not less than 80
21    years ago;
22        (iii) The voters of the district approve a proposition
23    for the issuance of the bonds at a referendum held after
24    December 31, 1996; and
25        (iv) The bonds are issued pursuant to Sections 19-2
26    through 19-7 of this Code.

 

 

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1    (j) Notwithstanding any other provisions of this Section or
2the provisions of any other law, until January 1, 1999, a
3community unit school district maintaining grades K through 12
4may issue bonds up to an amount, including existing
5indebtedness, not exceeding 27% of the equalized assessed value
6of the taxable property in the district if all of the following
7conditions are met:
8        (i) The school district has an equalized assessed
9    valuation for calendar year 1995 of less than $140,000,000
10    and a best 3 months average daily attendance for the
11    1995-96 school year of at least 2,800;
12        (ii) The bonds are issued to purchase a site and build
13    and equip a new high school, and the school district's
14    existing high school was originally constructed not less
15    than 35 years prior to the sale of the bonds;
16        (iii) At the time of the sale of the bonds, the board
17    of education determines by resolution that a new high
18    school is needed because of projected enrollment
19    increases;
20        (iv) At least 60% of those voting in an election held
21    after December 31, 1996 approve a proposition for the
22    issuance of the bonds; and
23        (v) The bonds are issued pursuant to Sections 19-2
24    through 19-7 of this Code.
25    (k) Notwithstanding the debt limitation prescribed in
26subsection (a) of this Section, a school district that meets

 

 

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1all the criteria set forth in paragraphs (1) through (4) of
2this subsection (k) may issue bonds to incur an additional
3indebtedness in an amount not to exceed $4,000,000 even though
4the amount of the additional indebtedness authorized by this
5subsection (k), when incurred and added to the aggregate amount
6of indebtedness of the school district existing immediately
7prior to the school district incurring such additional
8indebtedness, causes the aggregate indebtedness of the school
9district to exceed or increases the amount by which the
10aggregate indebtedness of the district already exceeds the debt
11limitation otherwise applicable to that school district under
12subsection (a):
13        (1) the school district is located in 2 counties, and a
14    referendum to authorize the additional indebtedness was
15    approved by a majority of the voters of the school district
16    voting on the proposition to authorize that indebtedness;
17        (2) the additional indebtedness is for the purpose of
18    financing a multi-purpose room addition to the existing
19    high school;
20        (3) the additional indebtedness, together with the
21    existing indebtedness of the school district, shall not
22    exceed 17.4% of the value of the taxable property in the
23    school district, to be ascertained by the last assessment
24    for State and county taxes; and
25        (4) the bonds evidencing the additional indebtedness
26    are issued, if at all, within 120 days of August 14, 1998

 

 

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1    (the effective date of Public Act 90-757).
2    (l) Notwithstanding any other provisions of this Section or
3the provisions of any other law, until January 1, 2000, a
4school district maintaining grades kindergarten through 8 may
5issue bonds up to an amount, including existing indebtedness,
6not exceeding 15% of the equalized assessed value of the
7taxable property in the district if all of the following
8conditions are met:
9        (i) the district has an equalized assessed valuation
10    for calendar year 1996 of less than $10,000,000;
11        (ii) the bonds are issued for capital improvement,
12    renovation, rehabilitation, or replacement of one or more
13    school buildings of the district, which buildings were
14    originally constructed not less than 70 years ago;
15        (iii) the voters of the district approve a proposition
16    for the issuance of the bonds at a referendum held on or
17    after March 17, 1998; and
18        (iv) the bonds are issued pursuant to Sections 19-2
19    through 19-7 of this Code.
20    (m) Notwithstanding any other provisions of this Section or
21the provisions of any other law, until January 1, 1999, an
22elementary school district maintaining grades K through 8 may
23issue bonds up to an amount, excluding existing indebtedness,
24not exceeding 18% of the equalized assessed value of the
25taxable property in the district, if all of the following
26conditions are met:

 

 

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1        (i) The school district has an equalized assessed
2    valuation for calendar year 1995 or less than $7,700,000;
3        (ii) The school district operates 2 elementary
4    attendance centers that until 1976 were operated as the
5    attendance centers of 2 separate and distinct school
6    districts;
7        (iii) The bonds are issued for the construction of a
8    new elementary school building to replace an existing
9    multi-level elementary school building of the school
10    district that is not accessible at all levels and parts of
11    which were constructed more than 75 years ago;
12        (iv) The voters of the school district approve a
13    proposition for the issuance of the bonds at a referendum
14    held after July 1, 1998; and
15        (v) The bonds are issued pursuant to Sections 19-2
16    through 19-7 of this Code.
17    (n) Notwithstanding the debt limitation prescribed in
18subsection (a) of this Section or any other provisions of this
19Section or of any other law, a school district that meets all
20of the criteria set forth in paragraphs (i) through (vi) of
21this subsection (n) may incur additional indebtedness by the
22issuance of bonds in an amount not exceeding the amount
23certified by the Capital Development Board to the school
24district as provided in paragraph (iii) of this subsection (n),
25even though the amount of the additional indebtedness so
26authorized, when incurred and added to the aggregate amount of

 

 

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1indebtedness of the district existing immediately prior to the
2district incurring the additional indebtedness authorized by
3this subsection (n), causes the aggregate indebtedness of the
4district to exceed the debt limitation otherwise applicable by
5law to that district:
6        (i) The school district applies to the State Board of
7    Education for a school construction project grant and
8    submits a district facilities plan in support of its
9    application pursuant to Section 5-20 of the School
10    Construction Law.
11        (ii) The school district's application and facilities
12    plan are approved by, and the district receives a grant
13    entitlement for a school construction project issued by,
14    the State Board of Education under the School Construction
15    Law.
16        (iii) The school district has exhausted its bonding
17    capacity or the unused bonding capacity of the district is
18    less than the amount certified by the Capital Development
19    Board to the district under Section 5-15 of the School
20    Construction Law as the dollar amount of the school
21    construction project's cost that the district will be
22    required to finance with non-grant funds in order to
23    receive a school construction project grant under the
24    School Construction Law.
25        (iv) The bonds are issued for a "school construction
26    project", as that term is defined in Section 5-5 of the

 

 

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1    School Construction Law, in an amount that does not exceed
2    the dollar amount certified, as provided in paragraph (iii)
3    of this subsection (n), by the Capital Development Board to
4    the school district under Section 5-15 of the School
5    Construction Law.
6        (v) The voters of the district approve a proposition
7    for the issuance of the bonds at a referendum held after
8    the criteria specified in paragraphs (i) and (iii) of this
9    subsection (n) are met.
10        (vi) The bonds are issued pursuant to Sections 19-2
11    through 19-7 of the School Code.
12    (o) Notwithstanding any other provisions of this Section or
13the provisions of any other law, until November 1, 2007, a
14community unit school district maintaining grades K through 12
15may issue bonds up to an amount, including existing
16indebtedness, not exceeding 20% of the equalized assessed value
17of the taxable property in the district if all of the following
18conditions are met:
19        (i) the school district has an equalized assessed
20    valuation for calendar year 2001 of at least $737,000,000
21    and an enrollment for the 2002-2003 school year of at least
22    8,500;
23        (ii) the bonds are issued to purchase school sites,
24    build and equip a new high school, build and equip a new
25    junior high school, build and equip 5 new elementary
26    schools, and make technology and other improvements and

 

 

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1    additions to existing schools;
2        (iii) at the time of the sale of the bonds, the board
3    of education determines by resolution that the sites and
4    new or improved facilities are needed because of projected
5    enrollment increases;
6        (iv) at least 57% of those voting in a general election
7    held prior to January 1, 2003 approved a proposition for
8    the issuance of the bonds; and
9        (v) the bonds are issued pursuant to Sections 19-2
10    through 19-7 of this Code.
11    (p) Notwithstanding any other provisions of this Section or
12the provisions of any other law, a community unit school
13district maintaining grades K through 12 may issue bonds up to
14an amount, including indebtedness, not exceeding 27% of the
15equalized assessed value of the taxable property in the
16district if all of the following conditions are met:
17        (i) The school district has an equalized assessed
18    valuation for calendar year 2001 of at least $295,741,187
19    and a best 3 months' average daily attendance for the
20    2002-2003 school year of at least 2,394.
21        (ii) The bonds are issued to build and equip 3
22    elementary school buildings; build and equip one middle
23    school building; and alter, repair, improve, and equip all
24    existing school buildings in the district.
25        (iii) At the time of the sale of the bonds, the board
26    of education determines by resolution that the project is

 

 

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1    needed because of expanding growth in the school district
2    and a projected enrollment increase.
3        (iv) The bonds are issued pursuant to Sections 19-2
4    through 19-7 of this Code.
5    (p-5) Notwithstanding any other provisions of this Section
6or the provisions of any other law, bonds issued by a community
7unit school district maintaining grades K through 12 shall not
8be considered indebtedness for purposes of any statutory
9limitation and may be issued in an amount or amounts, including
10existing indebtedness, in excess of any heretofore or hereafter
11imposed statutory limitation as to indebtedness, if all of the
12following conditions are met:
13        (i) For each of the 4 most recent years, residential
14    property comprises more than 80% of the equalized assessed
15    valuation of the district.
16        (ii) At least 2 school buildings that were constructed
17    40 or more years prior to the issuance of the bonds will be
18    demolished and will be replaced by new buildings or
19    additions to one or more existing buildings.
20        (iii) Voters of the district approve a proposition for
21    the issuance of the bonds at a regularly scheduled
22    election.
23        (iv) At the time of the sale of the bonds, the school
24    board determines by resolution that the new buildings or
25    building additions are needed because of an increase in
26    enrollment projected by the school board.

 

 

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1        (v) The principal amount of the bonds, including
2    existing indebtedness, does not exceed 25% of the equalized
3    assessed value of the taxable property in the district.
4        (vi) The bonds are issued prior to January 1, 2007,
5    pursuant to Sections 19-2 through 19-7 of this Code.
6    (p-10) Notwithstanding any other provisions of this
7Section or the provisions of any other law, bonds issued by a
8community consolidated school district maintaining grades K
9through 8 shall not be considered indebtedness for purposes of
10any statutory limitation and may be issued in an amount or
11amounts, including existing indebtedness, in excess of any
12heretofore or hereafter imposed statutory limitation as to
13indebtedness, if all of the following conditions are met:
14        (i) For each of the 4 most recent years, residential
15    and farm property comprises more than 80% of the equalized
16    assessed valuation of the district.
17        (ii) The bond proceeds are to be used to acquire and
18    improve school sites and build and equip a school building.
19        (iii) Voters of the district approve a proposition for
20    the issuance of the bonds at a regularly scheduled
21    election.
22        (iv) At the time of the sale of the bonds, the school
23    board determines by resolution that the school sites and
24    building additions are needed because of an increase in
25    enrollment projected by the school board.
26        (v) The principal amount of the bonds, including

 

 

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1    existing indebtedness, does not exceed 20% of the equalized
2    assessed value of the taxable property in the district.
3        (vi) The bonds are issued prior to January 1, 2007,
4    pursuant to Sections 19-2 through 19-7 of this Code.
5    (p-15) In addition to all other authority to issue bonds,
6the Oswego Community Unit School District Number 308 may issue
7bonds with an aggregate principal amount not to exceed
8$450,000,000, but only if all of the following conditions are
9met:
10        (i) The voters of the district have approved a
11    proposition for the bond issue at the general election held
12    on November 7, 2006.
13        (ii) At the time of the sale of the bonds, the school
14    board determines, by resolution, that: (A) the building and
15    equipping of the new high school building, new junior high
16    school buildings, new elementary school buildings, early
17    childhood building, maintenance building, transportation
18    facility, and additions to existing school buildings, the
19    altering, repairing, equipping, and provision of
20    technology improvements to existing school buildings, and
21    the acquisition and improvement of school sites, as the
22    case may be, are required as a result of a projected
23    increase in the enrollment of students in the district; and
24    (B) the sale of bonds for these purposes is authorized by
25    legislation that exempts the debt incurred on the bonds
26    from the district's statutory debt limitation.

 

 

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1        (iii) The bonds are issued, in one or more bond issues,
2    on or before November 7, 2011, but the aggregate principal
3    amount issued in all such bond issues combined must not
4    exceed $450,000,000.
5        (iv) The bonds are issued in accordance with this
6    Article 19.
7        (v) The proceeds of the bonds are used only to
8    accomplish those projects approved by the voters at the
9    general election held on November 7, 2006.
10The debt incurred on any bonds issued under this subsection
11(p-15) shall not be considered indebtedness for purposes of any
12statutory debt limitation.
13    (p-20) In addition to all other authority to issue bonds,
14the Lincoln-Way Community High School District Number 210 may
15issue bonds with an aggregate principal amount not to exceed
16$225,000,000, but only if all of the following conditions are
17met:
18        (i) The voters of the district have approved a
19    proposition for the bond issue at the general primary
20    election held on March 21, 2006.
21        (ii) At the time of the sale of the bonds, the school
22    board determines, by resolution, that: (A) the building and
23    equipping of the new high school buildings, the altering,
24    repairing, and equipping of existing school buildings, and
25    the improvement of school sites, as the case may be, are
26    required as a result of a projected increase in the

 

 

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1    enrollment of students in the district; and (B) the sale of
2    bonds for these purposes is authorized by legislation that
3    exempts the debt incurred on the bonds from the district's
4    statutory debt limitation.
5        (iii) The bonds are issued, in one or more bond issues,
6    on or before March 21, 2011, but the aggregate principal
7    amount issued in all such bond issues combined must not
8    exceed $225,000,000.
9        (iv) The bonds are issued in accordance with this
10    Article 19.
11        (v) The proceeds of the bonds are used only to
12    accomplish those projects approved by the voters at the
13    primary election held on March 21, 2006.
14The debt incurred on any bonds issued under this subsection
15(p-20) shall not be considered indebtedness for purposes of any
16statutory debt limitation.
17    (p-25) In addition to all other authority to issue bonds,
18Rochester Community Unit School District 3A may issue bonds
19with an aggregate principal amount not to exceed $18,500,000,
20but only if all of the following conditions are met:
21        (i) The voters of the district approve a proposition
22    for the bond issuance at the general primary election held
23    in 2008.
24        (ii) At the time of the sale of the bonds, the school
25    board determines, by resolution, that: (A) the building and
26    equipping of a new high school building; the addition of

 

 

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1    classrooms and support facilities at the high school,
2    middle school, and elementary school; the altering,
3    repairing, and equipping of existing school buildings; and
4    the improvement of school sites, as the case may be, are
5    required as a result of a projected increase in the
6    enrollment of students in the district; and (B) the sale of
7    bonds for these purposes is authorized by a law that
8    exempts the debt incurred on the bonds from the district's
9    statutory debt limitation.
10        (iii) The bonds are issued, in one or more bond issues,
11    on or before December 31, 2012, but the aggregate principal
12    amount issued in all such bond issues combined must not
13    exceed $18,500,000.
14        (iv) The bonds are issued in accordance with this
15    Article 19.
16        (v) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at the primary
18    election held in 2008.
19The debt incurred on any bonds issued under this subsection
20(p-25) shall not be considered indebtedness for purposes of any
21statutory debt limitation.
22    (p-30) In addition to all other authority to issue bonds,
23Prairie Grove Consolidated School District 46 may issue bonds
24with an aggregate principal amount not to exceed $30,000,000,
25but only if all of the following conditions are met:
26        (i) The voters of the district approve a proposition

 

 

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1    for the bond issuance at an election held in 2008.
2        (ii) At the time of the sale of the bonds, the school
3    board determines, by resolution, that (A) the building and
4    equipping of a new school building and additions to
5    existing school buildings are required as a result of a
6    projected increase in the enrollment of students in the
7    district and (B) the altering, repairing, and equipping of
8    existing school buildings are required because of the age
9    of the existing school buildings.
10        (iii) The bonds are issued, in one or more bond
11    issuances, on or before December 31, 2012; however, the
12    aggregate principal amount issued in all such bond
13    issuances combined must not exceed $30,000,000.
14        (iv) The bonds are issued in accordance with this
15    Article.
16        (v) The proceeds of the bonds are used to accomplish
17    only those projects approved by the voters at an election
18    held in 2008.
19The debt incurred on any bonds issued under this subsection
20(p-30) shall not be considered indebtedness for purposes of any
21statutory debt limitation.
22    (p-35) In addition to all other authority to issue bonds,
23Prairie Hill Community Consolidated School District 133 may
24issue bonds with an aggregate principal amount not to exceed
25$13,900,000, but only if all of the following conditions are
26met:

 

 

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1        (i) The voters of the district approved a proposition
2    for the bond issuance at an election held on April 17,
3    2007.
4        (ii) At the time of the sale of the bonds, the school
5    board determines, by resolution, that (A) the improvement
6    of the site of and the building and equipping of a school
7    building are required as a result of a projected increase
8    in the enrollment of students in the district and (B) the
9    repairing and equipping of the Prairie Hill Elementary
10    School building is required because of the age of that
11    school building.
12        (iii) The bonds are issued, in one or more bond
13    issuances, on or before December 31, 2011, but the
14    aggregate principal amount issued in all such bond
15    issuances combined must not exceed $13,900,000.
16        (iv) The bonds are issued in accordance with this
17    Article.
18        (v) The proceeds of the bonds are used to accomplish
19    only those projects approved by the voters at an election
20    held on April 17, 2007.
21The debt incurred on any bonds issued under this subsection
22(p-35) shall not be considered indebtedness for purposes of any
23statutory debt limitation.
24    (p-40) In addition to all other authority to issue bonds,
25Mascoutah Community Unit District 19 may issue bonds with an
26aggregate principal amount not to exceed $55,000,000, but only

 

 

10100SB1937ham002- 27 -LRB101 08681 NHT 72321 a

1if all of the following conditions are met:
2        (1) The voters of the district approve a proposition
3    for the bond issuance at a regular election held on or
4    after November 4, 2008.
5        (2) At the time of the sale of the bonds, the school
6    board determines, by resolution, that (i) the building and
7    equipping of a new high school building is required as a
8    result of a projected increase in the enrollment of
9    students in the district and the age and condition of the
10    existing high school building, (ii) the existing high
11    school building will be demolished, and (iii) the sale of
12    bonds is authorized by statute that exempts the debt
13    incurred on the bonds from the district's statutory debt
14    limitation.
15        (3) The bonds are issued, in one or more bond
16    issuances, on or before December 31, 2011, but the
17    aggregate principal amount issued in all such bond
18    issuances combined must not exceed $55,000,000.
19        (4) The bonds are issued in accordance with this
20    Article.
21        (5) The proceeds of the bonds are used to accomplish
22    only those projects approved by the voters at a regular
23    election held on or after November 4, 2008.
24    The debt incurred on any bonds issued under this subsection
25(p-40) shall not be considered indebtedness for purposes of any
26statutory debt limitation.

 

 

10100SB1937ham002- 28 -LRB101 08681 NHT 72321 a

1    (p-45) Notwithstanding the provisions of subsection (a) of
2this Section or of any other law, bonds issued pursuant to
3Section 19-3.5 of this Code shall not be considered
4indebtedness for purposes of any statutory limitation if the
5bonds are issued in an amount or amounts, including existing
6indebtedness of the school district, not in excess of 18.5% of
7the value of the taxable property in the district to be
8ascertained by the last assessment for State and county taxes.
9    (p-50) Notwithstanding the provisions of subsection (a) of
10this Section or of any other law, bonds issued pursuant to
11Section 19-3.10 of this Code shall not be considered
12indebtedness for purposes of any statutory limitation if the
13bonds are issued in an amount or amounts, including existing
14indebtedness of the school district, not in excess of 43% of
15the value of the taxable property in the district to be
16ascertained by the last assessment for State and county taxes.
17    (p-55) In addition to all other authority to issue bonds,
18Belle Valley School District 119 may issue bonds with an
19aggregate principal amount not to exceed $47,500,000, but only
20if all of the following conditions are met:
21        (1) The voters of the district approve a proposition
22    for the bond issuance at an election held on or after April
23    7, 2009.
24        (2) Prior to the issuance of the bonds, the school
25    board determines, by resolution, that (i) the building and
26    equipping of a new school building is required as a result

 

 

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1    of mine subsidence in an existing school building and
2    because of the age and condition of another existing school
3    building and (ii) the issuance of bonds is authorized by
4    statute that exempts the debt incurred on the bonds from
5    the district's statutory debt limitation.
6        (3) The bonds are issued, in one or more bond
7    issuances, on or before March 31, 2014, but the aggregate
8    principal amount issued in all such bond issuances combined
9    must not exceed $47,500,000.
10        (4) The bonds are issued in accordance with this
11    Article.
12        (5) The proceeds of the bonds are used to accomplish
13    only those projects approved by the voters at an election
14    held on or after April 7, 2009.
15    The debt incurred on any bonds issued under this subsection
16(p-55) shall not be considered indebtedness for purposes of any
17statutory debt limitation. Bonds issued under this subsection
18(p-55) must mature within not to exceed 30 years from their
19date, notwithstanding any other law to the contrary.
20    (p-60) In addition to all other authority to issue bonds,
21Wilmington Community Unit School District Number 209-U may
22issue bonds with an aggregate principal amount not to exceed
23$2,285,000, but only if all of the following conditions are
24met:
25        (1) The proceeds of the bonds are used to accomplish
26    only those projects approved by the voters at the general

 

 

10100SB1937ham002- 30 -LRB101 08681 NHT 72321 a

1    primary election held on March 21, 2006.
2        (2) Prior to the issuance of the bonds, the school
3    board determines, by resolution, that (i) the projects
4    approved by the voters were and are required because of the
5    age and condition of the school district's prior and
6    existing school buildings and (ii) the issuance of the
7    bonds is authorized by legislation that exempts the debt
8    incurred on the bonds from the district's statutory debt
9    limitation.
10        (3) The bonds are issued in one or more bond issuances
11    on or before March 1, 2011, but the aggregate principal
12    amount issued in all those bond issuances combined must not
13    exceed $2,285,000.
14        (4) The bonds are issued in accordance with this
15    Article.
16    The debt incurred on any bonds issued under this subsection
17(p-60) shall not be considered indebtedness for purposes of any
18statutory debt limitation.
19    (p-65) In addition to all other authority to issue bonds,
20West Washington County Community Unit School District 10 may
21issue bonds with an aggregate principal amount not to exceed
22$32,200,000 and maturing over a period not exceeding 25 years,
23but only if all of the following conditions are met:
24        (1) The voters of the district approve a proposition
25    for the bond issuance at an election held on or after
26    February 2, 2010.

 

 

10100SB1937ham002- 31 -LRB101 08681 NHT 72321 a

1        (2) Prior to the issuance of the bonds, the school
2    board determines, by resolution, that (A) all or a portion
3    of the existing Okawville Junior/Senior High School
4    Building will be demolished; (B) the building and equipping
5    of a new school building to be attached to and the
6    alteration, repair, and equipping of the remaining portion
7    of the Okawville Junior/Senior High School Building is
8    required because of the age and current condition of that
9    school building; and (C) the issuance of bonds is
10    authorized by a statute that exempts the debt incurred on
11    the bonds from the district's statutory debt limitation.
12        (3) The bonds are issued, in one or more bond
13    issuances, on or before March 31, 2014, but the aggregate
14    principal amount issued in all such bond issuances combined
15    must not exceed $32,200,000.
16        (4) The bonds are issued in accordance with this
17    Article.
18        (5) The proceeds of the bonds are used to accomplish
19    only those projects approved by the voters at an election
20    held on or after February 2, 2010.
21    The debt incurred on any bonds issued under this subsection
22(p-65) shall not be considered indebtedness for purposes of any
23statutory debt limitation.
24    (p-70) In addition to all other authority to issue bonds,
25Cahokia Community Unit School District 187 may issue bonds with
26an aggregate principal amount not to exceed $50,000,000, but

 

 

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1only if all the following conditions are met:
2        (1) The voters of the district approve a proposition
3    for the bond issuance at an election held on or after
4    November 2, 2010.
5        (2) Prior to the issuance of the bonds, the school
6    board determines, by resolution, that (i) the building and
7    equipping of a new school building is required as a result
8    of the age and condition of an existing school building and
9    (ii) the issuance of bonds is authorized by a statute that
10    exempts the debt incurred on the bonds from the district's
11    statutory debt limitation.
12        (3) The bonds are issued, in one or more issuances, on
13    or before July 1, 2016, but the aggregate principal amount
14    issued in all such bond issuances combined must not exceed
15    $50,000,000.
16        (4) The bonds are issued in accordance with this
17    Article.
18        (5) The proceeds of the bonds are used to accomplish
19    only those projects approved by the voters at an election
20    held on or after November 2, 2010.
21    The debt incurred on any bonds issued under this subsection
22(p-70) shall not be considered indebtedness for purposes of any
23statutory debt limitation. Bonds issued under this subsection
24(p-70) must mature within not to exceed 25 years from their
25date, notwithstanding any other law, including Section 19-3 of
26this Code, to the contrary.

 

 

10100SB1937ham002- 33 -LRB101 08681 NHT 72321 a

1    (p-75) Notwithstanding the debt limitation prescribed in
2subsection (a) of this Section or any other provisions of this
3Section or of any other law, the execution of leases on or
4after January 1, 2007 and before July 1, 2011 by the Board of
5Education of Peoria School District 150 with a public building
6commission for leases entered into pursuant to the Public
7Building Commission Act shall not be considered indebtedness
8for purposes of any statutory debt limitation.
9    This subsection (p-75) applies only if the State Board of
10Education or the Capital Development Board makes one or more
11grants to Peoria School District 150 pursuant to the School
12Construction Law. The amount exempted from the debt limitation
13as prescribed in this subsection (p-75) shall be no greater
14than the amount of one or more grants awarded to Peoria School
15District 150 by the State Board of Education or the Capital
16Development Board.
17    (p-80) In addition to all other authority to issue bonds,
18Ridgeland School District 122 may issue bonds with an aggregate
19principal amount not to exceed $50,000,000 for the purpose of
20refunding or continuing to refund bonds originally issued
21pursuant to voter approval at the general election held on
22November 7, 2000, and the debt incurred on any bonds issued
23under this subsection (p-80) shall not be considered
24indebtedness for purposes of any statutory debt limitation.
25Bonds issued under this subsection (p-80) may be issued in one
26or more issuances and must mature within not to exceed 25 years

 

 

10100SB1937ham002- 34 -LRB101 08681 NHT 72321 a

1from their date, notwithstanding any other law, including
2Section 19-3 of this Code, to the contrary.
3    (p-85) In addition to all other authority to issue bonds,
4Hall High School District 502 may issue bonds with an aggregate
5principal amount not to exceed $32,000,000, but only if all the
6following conditions are met:
7        (1) The voters of the district approve a proposition
8    for the bond issuance at an election held on or after April
9    9, 2013.
10        (2) Prior to the issuance of the bonds, the school
11    board determines, by resolution, that (i) the building and
12    equipping of a new school building is required as a result
13    of the age and condition of an existing school building,
14    (ii) the existing school building should be demolished in
15    its entirety or the existing school building should be
16    demolished except for the 1914 west wing of the building,
17    and (iii) the issuance of bonds is authorized by a statute
18    that exempts the debt incurred on the bonds from the
19    district's statutory debt limitation.
20        (3) The bonds are issued, in one or more issuances, not
21    later than 5 years after the date of the referendum
22    approving the issuance of the bonds, but the aggregate
23    principal amount issued in all such bond issuances combined
24    must not exceed $32,000,000.
25        (4) The bonds are issued in accordance with this
26    Article.

 

 

10100SB1937ham002- 35 -LRB101 08681 NHT 72321 a

1        (5) The proceeds of the bonds are used to accomplish
2    only those projects approved by the voters at an election
3    held on or after April 9, 2013.
4    The debt incurred on any bonds issued under this subsection
5(p-85) shall not be considered indebtedness for purposes of any
6statutory debt limitation. Bonds issued under this subsection
7(p-85) must mature within not to exceed 30 years from their
8date, notwithstanding any other law, including Section 19-3 of
9this Code, to the contrary.
10    (p-90) In addition to all other authority to issue bonds,
11Lebanon Community Unit School District 9 may issue bonds with
12an aggregate principal amount not to exceed $7,500,000, but
13only if all of the following conditions are met:
14        (1) The voters of the district approved a proposition
15    for the bond issuance at the general primary election on
16    February 2, 2010.
17        (2) At or prior to the time of the sale of the bonds,
18    the school board determines, by resolution, that (i) the
19    building and equipping of a new elementary school building
20    is required as a result of a projected increase in the
21    enrollment of students in the district and the age and
22    condition of the existing Lebanon Elementary School
23    building, (ii) a portion of the existing Lebanon Elementary
24    School building will be demolished and the remaining
25    portion will be altered, repaired, and equipped, and (iii)
26    the sale of bonds is authorized by a statute that exempts

 

 

10100SB1937ham002- 36 -LRB101 08681 NHT 72321 a

1    the debt incurred on the bonds from the district's
2    statutory debt limitation.
3        (3) The bonds are issued, in one or more bond
4    issuances, on or before April 1, 2014, but the aggregate
5    principal amount issued in all such bond issuances combined
6    must not exceed $7,500,000.
7        (4) The bonds are issued in accordance with this
8    Article.
9        (5) The proceeds of the bonds are used to accomplish
10    only those projects approved by the voters at the general
11    primary election held on February 2, 2010.
12    The debt incurred on any bonds issued under this subsection
13(p-90) shall not be considered indebtedness for purposes of any
14statutory debt limitation.
15    (p-95) In addition to all other authority to issue bonds,
16Monticello Community Unit School District 25 may issue bonds
17with an aggregate principal amount not to exceed $35,000,000,
18but only if all of the following conditions are met:
19        (1) The voters of the district approve a proposition
20    for the bond issuance at an election held on or after
21    November 4, 2014.
22        (2) Prior to the issuance of the bonds, the school
23    board determines, by resolution, that (i) the building and
24    equipping of a new school building is required as a result
25    of the age and condition of an existing school building and
26    (ii) the issuance of bonds is authorized by a statute that

 

 

10100SB1937ham002- 37 -LRB101 08681 NHT 72321 a

1    exempts the debt incurred on the bonds from the district's
2    statutory debt limitation.
3        (3) The bonds are issued, in one or more issuances, on
4    or before July 1, 2020, but the aggregate principal amount
5    issued in all such bond issuances combined must not exceed
6    $35,000,000.
7        (4) The bonds are issued in accordance with this
8    Article.
9        (5) The proceeds of the bonds are used to accomplish
10    only those projects approved by the voters at an election
11    held on or after November 4, 2014.
12    The debt incurred on any bonds issued under this subsection
13(p-95) shall not be considered indebtedness for purposes of any
14statutory debt limitation. Bonds issued under this subsection
15(p-95) must mature within not to exceed 25 years from their
16date, notwithstanding any other law, including Section 19-3 of
17this Code, to the contrary.
18    (p-100) In addition to all other authority to issue bonds,
19the community unit school district created in the territory
20comprising Milford Community Consolidated School District 280
21and Milford Township High School District 233, as approved at
22the general primary election held on March 18, 2014, may issue
23bonds with an aggregate principal amount not to exceed
24$17,500,000, but only if all the following conditions are met:
25        (1) The voters of the district approve a proposition
26    for the bond issuance at an election held on or after

 

 

10100SB1937ham002- 38 -LRB101 08681 NHT 72321 a

1    November 4, 2014.
2        (2) Prior to the issuance of the bonds, the school
3    board determines, by resolution, that (i) the building and
4    equipping of a new school building is required as a result
5    of the age and condition of an existing school building and
6    (ii) the issuance of bonds is authorized by a statute that
7    exempts the debt incurred on the bonds from the district's
8    statutory debt limitation.
9        (3) The bonds are issued, in one or more issuances, on
10    or before July 1, 2020, but the aggregate principal amount
11    issued in all such bond issuances combined must not exceed
12    $17,500,000.
13        (4) The bonds are issued in accordance with this
14    Article.
15        (5) The proceeds of the bonds are used to accomplish
16    only those projects approved by the voters at an election
17    held on or after November 4, 2014.
18    The debt incurred on any bonds issued under this subsection
19(p-100) shall not be considered indebtedness for purposes of
20any statutory debt limitation. Bonds issued under this
21subsection (p-100) must mature within not to exceed 25 years
22from their date, notwithstanding any other law, including
23Section 19-3 of this Code, to the contrary.
24    (p-105) In addition to all other authority to issue bonds,
25North Shore School District 112 may issue bonds with an
26aggregate principal amount not to exceed $150,000,000, but only

 

 

10100SB1937ham002- 39 -LRB101 08681 NHT 72321 a

1if all of the following conditions are met:
2        (1) The voters of the district approve a proposition
3    for the bond issuance at an election held on or after March
4    15, 2016.
5        (2) Prior to the issuance of the bonds, the school
6    board determines, by resolution, that (i) the building and
7    equipping of new buildings and improving the sites thereof
8    and the building and equipping of additions to, altering,
9    repairing, equipping, and renovating existing buildings
10    and improving the sites thereof are required as a result of
11    the age and condition of the district's existing buildings
12    and (ii) the issuance of bonds is authorized by a statute
13    that exempts the debt incurred on the bonds from the
14    district's statutory debt limitation.
15        (3) The bonds are issued, in one or more issuances, not
16    later than 5 years after the date of the referendum
17    approving the issuance of the bonds, but the aggregate
18    principal amount issued in all such bond issuances combined
19    must not exceed $150,000,000.
20        (4) The bonds are issued in accordance with this
21    Article.
22        (5) The proceeds of the bonds are used to accomplish
23    only those projects approved by the voters at an election
24    held on or after March 15, 2016.
25    The debt incurred on any bonds issued under this subsection
26(p-105) and on any bonds issued to refund or continue to refund

 

 

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1such bonds shall not be considered indebtedness for purposes of
2any statutory debt limitation. Bonds issued under this
3subsection (p-105) and any bonds issued to refund or continue
4to refund such bonds must mature within not to exceed 30 years
5from their date, notwithstanding any other law, including
6Section 19-3 of this Code, to the contrary.
7    (p-110) In addition to all other authority to issue bonds,
8Sandoval Community Unit School District 501 may issue bonds
9with an aggregate principal amount not to exceed $2,000,000,
10but only if all of the following conditions are met:
11        (1) The voters of the district approved a proposition
12    for the bond issuance at an election held on March 20,
13    2012.
14        (2) Prior to the issuance of the bonds, the school
15    board determines, by resolution, that (i) the building and
16    equipping of a new school building is required because of
17    the age and current condition of the Sandoval Elementary
18    School building and (ii) the issuance of bonds is
19    authorized by a statute that exempts the debt incurred on
20    the bonds from the district's statutory debt limitation.
21        (3) The bonds are issued, in one or more bond
22    issuances, on or before March 19, 2022, but the aggregate
23    principal amount issued in all such bond issuances combined
24    must not exceed $2,000,000.
25        (4) The bonds are issued in accordance with this
26    Article.

 

 

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1        (5) The proceeds of the bonds are used to accomplish
2    only those projects approved by the voters at the election
3    held on March 20, 2012.
4    The debt incurred on any bonds issued under this subsection
5(p-110) and on any bonds issued to refund or continue to refund
6the bonds shall not be considered indebtedness for purposes of
7any statutory debt limitation.
8    (p-115) In addition to all other authority to issue bonds,
9Bureau Valley Community Unit School District 340 may issue
10bonds with an aggregate principal amount not to exceed
11$25,000,000, but only if all of the following conditions are
12met:
13        (1) The voters of the district approve a proposition
14    for the bond issuance at an election held on or after March
15    15, 2016.
16        (2) Prior to the issuances of the bonds, the school
17    board determines, by resolution, that (i) the renovating
18    and equipping of some existing school buildings, the
19    building and equipping of new school buildings, and the
20    demolishing of some existing school buildings are required
21    as a result of the age and condition of existing school
22    buildings and (ii) the issuance of bonds is authorized by a
23    statute that exempts the debt incurred on the bonds from
24    the district's statutory debt limitation.
25        (3) The bonds are issued, in one or more issuances, on
26    or before July 1, 2021, but the aggregate principal amount

 

 

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1    issued in all such bond issuances combined must not exceed
2    $25,000,000.
3        (4) The bonds are issued in accordance with this
4    Article.
5        (5) The proceeds of the bonds are used to accomplish
6    only those projects approved by the voters at an election
7    held on or after March 15, 2016.
8    The debt incurred on any bonds issued under this subsection
9(p-115) shall not be considered indebtedness for purposes of
10any statutory debt limitation. Bonds issued under this
11subsection (p-115) must mature within not to exceed 30 years
12from their date, notwithstanding any other law, including
13Section 19-3 of this Code, to the contrary.
14    (p-120) In addition to all other authority to issue bonds,
15Paxton-Buckley-Loda Community Unit School District 10 may
16issue bonds with an aggregate principal amount not to exceed
17$28,500,000, but only if all the following conditions are met:
18        (1) The voters of the district approve a proposition
19    for the bond issuance at an election held on or after
20    November 8, 2016.
21        (2) Prior to the issuance of the bonds, the school
22    board determines, by resolution, that (i) the projects as
23    described in said proposition, relating to the building and
24    equipping of one or more school buildings or additions to
25    existing school buildings, are required as a result of the
26    age and condition of the District's existing buildings and

 

 

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1    (ii) the issuance of bonds is authorized by a statute that
2    exempts the debt incurred on the bonds from the district's
3    statutory debt limitation.
4        (3) The bonds are issued, in one or more issuances, not
5    later than 5 years after the date of the referendum
6    approving the issuance of the bonds, but the aggregate
7    principal amount issued in all such bond issuances combined
8    must not exceed $28,500,000.
9        (4) The bonds are issued in accordance with this
10    Article.
11        (5) The proceeds of the bonds are used to accomplish
12    only those projects approved by the voters at an election
13    held on or after November 8, 2016.
14    The debt incurred on any bonds issued under this subsection
15(p-120) and on any bonds issued to refund or continue to refund
16such bonds shall not be considered indebtedness for purposes of
17any statutory debt limitation. Bonds issued under this
18subsection (p-120) and any bonds issued to refund or continue
19to refund such bonds must mature within not to exceed 25 years
20from their date, notwithstanding any other law, including
21Section 19-3 of this Code, to the contrary.
22    (p-125) In addition to all other authority to issue bonds,
23Hillsboro Community Unit School District 3 may issue bonds with
24an aggregate principal amount not to exceed $34,500,000, but
25only if all the following conditions are met:
26        (1) The voters of the district approve a proposition

 

 

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1    for the bond issuance at an election held on or after March
2    15, 2016.
3        (2) Prior to the issuance of the bonds, the school
4    board determines, by resolution, that (i) altering,
5    repairing, and equipping the high school
6    agricultural/vocational building, demolishing the high
7    school main, cafeteria, and gym buildings, building and
8    equipping a school building, and improving sites are
9    required as a result of the age and condition of the
10    district's existing buildings and (ii) the issuance of
11    bonds is authorized by a statute that exempts the debt
12    incurred on the bonds from the district's statutory debt
13    limitation.
14        (3) The bonds are issued, in one or more issuances, not
15    later than 5 years after the date of the referendum
16    approving the issuance of the bonds, but the aggregate
17    principal amount issued in all such bond issuances combined
18    must not exceed $34,500,000.
19        (4) The bonds are issued in accordance with this
20    Article.
21        (5) The proceeds of the bonds are used to accomplish
22    only those projects approved by the voters at an election
23    held on or after March 15, 2016.
24    The debt incurred on any bonds issued under this subsection
25(p-125) and on any bonds issued to refund or continue to refund
26such bonds shall not be considered indebtedness for purposes of

 

 

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1any statutory debt limitation. Bonds issued under this
2subsection (p-125) and any bonds issued to refund or continue
3to refund such bonds must mature within not to exceed 25 years
4from their date, notwithstanding any other law, including
5Section 19-3 of this Code, to the contrary.
6    (p-130) In addition to all other authority to issue bonds,
7Waltham Community Consolidated School District 185 may incur
8indebtedness in an aggregate principal amount not to exceed
9$9,500,000 to build and equip a new school building and improve
10the site thereof, but only if all the following conditions are
11met:
12        (1) A majority of the voters of the district voting on
13    an advisory question voted in favor of the question
14    regarding the use of funding sources to build a new school
15    building without increasing property tax rates at the
16    general election held on November 8, 2016.
17        (2) Prior to incurring the debt, the school board
18    enters into intergovernmental agreements with the City of
19    LaSalle to pledge moneys in a special tax allocation fund
20    associated with tax increment financing districts LaSalle
21    I and LaSalle III and with the Village of Utica to pledge
22    moneys in a special tax allocation fund associated with tax
23    increment financing district Utica I for the purposes of
24    repaying the debt issued pursuant to this subsection
25    (p-130). Notwithstanding any other provision of law to the
26    contrary, the intergovernmental agreement may extend these

 

 

10100SB1937ham002- 46 -LRB101 08681 NHT 72321 a

1    tax increment financing districts as necessary to ensure
2    repayment of the debt.
3        (3) Prior to incurring the debt, the school board
4    determines, by resolution, that (i) the building and
5    equipping of a new school building is required as a result
6    of the age and condition of the district's existing
7    buildings and (ii) the debt is authorized by a statute that
8    exempts the debt from the district's statutory debt
9    limitation.
10        (4) The debt is incurred, in one or more issuances, not
11    later than January 1, 2021, and the aggregate principal
12    amount of debt issued in all such issuances combined must
13    not exceed $9,500,000.
14    The debt incurred under this subsection (p-130) and on any
15bonds issued to pay, refund, or continue to refund such debt
16shall not be considered indebtedness for purposes of any
17statutory debt limitation. Debt issued under this subsection
18(p-130) and any bonds issued to pay, refund, or continue to
19refund such debt must mature within not to exceed 25 years from
20their date, notwithstanding any other law, including Section
2119-11 of this Code and subsection (b) of Section 17 of the
22Local Government Debt Reform Act, to the contrary.
23    (p-133) Notwithstanding the provisions of subsection (a)
24of this Section or of any other law, bonds heretofore or
25hereafter issued by East Prairie School District 73 with an
26aggregate principal amount not to exceed $47,353,147 and

 

 

10100SB1937ham002- 47 -LRB101 08681 NHT 72321 a

1approved by the voters of the district at the general election
2held on November 8, 2016, and any bonds issued to refund or
3continue to refund the bonds, shall not be considered
4indebtedness for the purposes of any statutory debt limitation
5and may mature within not to exceed 25 years from their date,
6notwithstanding any other law, including Section 19-3 of this
7Code, to the contrary.
8    (p-135) In addition to all other authority to issue bonds,
9Brookfield LaGrange Park School District Number 95 may issue
10bonds with an aggregate principal amount not to exceed
11$20,000,000, but only if all the following conditions are met:
12        (1) The voters of the district approve a proposition
13    for the bond issuance at an election held on or after April
14    4, 2017.
15        (2) Prior to the issuance of the bonds, the school
16    board determines, by resolution, that (i) the additions and
17    renovations to the Brook Park Elementary and S. E. Gross
18    Middle School buildings are required to accommodate
19    enrollment growth, replace outdated facilities, and create
20    spaces consistent with 21st century learning and (ii) the
21    issuance of the bonds is authorized by a statute that
22    exempts the debt incurred on the bonds from the district's
23    statutory debt limitation.
24        (3) The bonds are issued, in one or more issuances, not
25    later than 5 years after the date of the referendum
26    approving the issuance of the bonds, but the aggregate

 

 

10100SB1937ham002- 48 -LRB101 08681 NHT 72321 a

1    principal amount issued in all such bond issuances combined
2    must not exceed $20,000,000.
3        (4) The bonds are issued in accordance with this
4    Article.
5        (5) The proceeds of the bonds are used to accomplish
6    only those projects approved by the voters at an election
7    held on or after April 4, 2017.
8    The debt incurred on any bonds issued under this subsection
9(p-135) and on any bonds issued to refund or continue to refund
10such bonds shall not be considered indebtedness for purposes of
11any statutory debt limitation.
12    (p-140) The debt incurred on any bonds issued by Wolf
13Branch School District 113 under Section 17-2.11 of this Code
14for the purpose of repairing or replacing all or a portion of a
15school building that has been damaged by mine subsidence in an
16aggregate principal amount not to exceed $17,500,000 and on any
17bonds issued to refund or continue to refund those bonds shall
18not be considered indebtedness for purposes of any statutory
19debt limitation and must mature no later than 25 years from the
20date of issuance, notwithstanding any other provision of law to
21the contrary, including Section 19-3 of this Code. The maximum
22allowable amount of debt exempt from statutory debt limitations
23under this subsection (p-140) shall be reduced by an amount
24equal to any grants awarded by the State Board of Education or
25Capital Development Board for the explicit purpose of repairing
26or reconstructing a school building damaged by mine subsidence.

 

 

10100SB1937ham002- 49 -LRB101 08681 NHT 72321 a

1    (p-145) In addition to all other authority to issue bonds,
2Greenview Community Unit School District 200 may issue bonds
3with an aggregate principal amount not to exceed $3,500,000,
4but only if of all the following conditions are met:
5        (1) The voters of the district approve a proposition
6    for the bond issuance at an election held on March 17,
7    2020.
8        (2) Prior to the issuance of the bonds, the school
9    board determines, by resolution, that the bonding is
10    necessary for construction and expansion of the district's
11    kindergarten through grade 12 facility.
12        (3) The bonds are issued in accordance with this
13    Article.
14        (4) The proceeds of the bonds are used to accomplish
15    only the projects approved by the voters at an election
16    held on March 17, 2020.
17    The debt incurred on any bonds issued under this subsection
18(p-145) and on any bonds issued to refund or continue to refund
19such bonds shall not be considered indebtedness for purposes of
20any statutory debt limitation. Bonds issued under this
21subsection (p-145) and any bonds issued to refund or continue
22to refund such bonds must mature within not to exceed 25 years
23from their date, notwithstanding any other law, including
24Section 19-3 of this Code, to the contrary.
25    (p-150) In addition to all other authority to issue bonds,
26Komarek School District 94 may issue bonds with an aggregate

 

 

10100SB1937ham002- 50 -LRB101 08681 NHT 72321 a

1principal amount not to exceed $20,800,000, but only if all of
2the following conditions are met:
3        (1) The voters of the district approve a proposition
4    for the bond issuance at an election held on or after March
5    17, 2020.
6        (2) Prior to the issuance of the bonds, the school
7    board determines, by resolution, that (i) building and
8    equipping additions to, altering, repairing, equipping, or
9    demolishing a portion of, or improving the site of the
10    district's existing school building is required as a result
11    of the age and condition of the existing building and (ii)
12    the issuance of the bonds is authorized by a statute that
13    exempts the debt incurred on the bonds from the district's
14    statutory debt limitation.
15        (3) The bonds are issued, in one or more issuances, no
16    later than 5 years after the date of the referendum
17    approving the issuance of the bonds, but the aggregate
18    principal amount issued in all of the bond issuances
19    combined may not exceed $20,800,000.
20        (4) The bonds are issued in accordance with this
21    Article.
22        (5) The proceeds of the bonds are used to accomplish
23    only those projects approved by the voters at an election
24    held on or after March 17, 2020.
25    The debt incurred on any bonds issued under this subsection
26(p-150) and on any bonds issued to refund or continue to refund

 

 

10100SB1937ham002- 51 -LRB101 08681 NHT 72321 a

1those bonds may not be considered indebtedness for purposes of
2any statutory debt limitation. Notwithstanding any other law to
3the contrary, including Section 19-3, bonds issued under this
4subsection (p-150) and any bonds issued to refund or continue
5to refund those bonds must mature within 30 years from their
6date of issuance.
7    (p-155) In addition to all other authority to issue bonds,
8Williamsville Community Unit School District 15 may issue bonds
9with an aggregate principal amount not to exceed $40,000,000,
10but only if all of the following conditions are met:
11        (1) The voters of the school district approve a
12    proposition for the bond issuance at an election held on
13    March 17, 2020.
14        (2) Prior to the issuance of the bonds, the school
15    board determines, by resolution, that the projects set
16    forth in the proposition for the bond issuance were and are
17    required because of the age and condition of the school
18    district's existing school buildings.
19        (3) The bonds are issued in accordance with this
20    Article.
21        (4) The proceeds of the bonds are used to accomplish
22    only the projects approved by the voters at an election
23    held on March 17, 2020.
24    The debt incurred on any bonds issued under this subsection
25(p-155) and on any bonds issued to refund or continue to refund
26such bonds shall not be considered indebtedness for purposes of

 

 

10100SB1937ham002- 52 -LRB101 08681 NHT 72321 a

1any statutory debt limitation. Bonds issued under this
2subsection (p-155) and any bonds issued to refund or continue
3to refund such bonds must mature within not to exceed 25 years
4from their date, notwithstanding any other law, including
5Section 19-3 of this Code, to the contrary.
6    (p-160) In addition to all other authority to issue bonds,
7Berkeley School District 87 may issue bonds with an aggregate
8principal amount not to exceed $105,000,000, but only if all of
9the following conditions are met:
10        (1) The voters of the district approve a proposition
11    for the bond issuance at the general primary election held
12    on March 17, 2020.
13        (2) Prior to the issuance of the bonds, the school
14    board determines, by resolution, that (i) building and
15    equipping a school building to replace the Sunnyside
16    Intermediate and MacArthur Middle School buildings;
17    building and equipping additions to and altering,
18    repairing, and equipping the Riley Intermediate and
19    Northlake Middle School buildings; altering, repairing,
20    and equipping the Whittier Primary and Jefferson Primary
21    School buildings; improving sites; renovating
22    instructional spaces; providing STEM (science, technology,
23    engineering, and mathematics) labs; and constructing life
24    safety, security, and infrastructure improvements are
25    required to replace outdated facilities and to provide safe
26    spaces consistent with 21st century learning and (ii) the

 

 

10100SB1937ham002- 53 -LRB101 08681 NHT 72321 a

1    issuance of bonds is authorized by a statute that exempts
2    the debt incurred on the bonds from the district's
3    statutory debt limitation.
4        (3) The bonds are issued, in one or more issuances, not
5    later than 5 years after the date of the referendum
6    approving the issuance of the bonds, but the aggregate
7    principal amount issued in all such bond issuances combined
8    must not exceed $105,000,000.
9        (4) The bonds are issued in accordance with this
10    Article.
11        (5) The proceeds of the bonds are used to accomplish
12    only those projects approved by the voters at the general
13    primary election held on March 17, 2020.
14    The debt incurred on any bonds issued under this subsection
15(p-160) and on any bonds issued to refund or continue to refund
16such bonds shall not be considered indebtedness for purposes of
17any statutory debt limitation.
18    (p-165) In addition to all other authority to issue bonds,
19Elmwood Park Community Unit School District 401 may issue bonds
20with an aggregate principal amount not to exceed $55,000,000,
21but only if all of the following conditions are met:
22        (1) The voters of the district approve a proposition
23    for the bond issuance at an election held on or after March
24    17, 2020.
25        (2) Prior to the issuance of the bonds, the school
26    board determines, by resolution, that (i) the building and

 

 

10100SB1937ham002- 54 -LRB101 08681 NHT 72321 a

1    equipping of an addition to the John Mills Elementary
2    School building; the renovating, altering, repairing, and
3    equipping of the John Mills and Elmwood Elementary School
4    buildings; the installation of safety and security
5    improvements; and the improvement of school sites are
6    required as a result of the age and condition of the
7    district's existing school buildings and (ii) the issuance
8    of bonds is authorized by a statute that exempts the debt
9    incurred on the bonds from the district's statutory debt
10    limitation.
11        (3) The bonds are issued, in one or more issuances, not
12    later than 5 years after the date of the referendum
13    approving the issuance of the bonds, but the aggregate
14    principal amount issued in all such bond issuances combined
15    must not exceed $55,000,000.
16        (4) The bonds are issued in accordance with this
17    Article.
18        (5) The proceeds of the bonds are used to accomplish
19    only the projects approved by the voters at an election
20    held on or after March 17, 2020.
21    The debt incurred on any bonds issued under this subsection
22(p-165) and on any bonds issued to refund or continue to refund
23such bonds shall not be considered indebtedness for purposes of
24any statutory debt limitation. Bonds issued under this
25subsection (p-165) and any bonds issued to refund or continue
26to refund such bonds must mature within not to exceed 25 years

 

 

10100SB1937ham002- 55 -LRB101 08681 NHT 72321 a

1from their date, notwithstanding any other law, including
2Section 19-3 of this Code, to the contrary.
3    (p-170) In addition to all other authority to issue bonds,
4Maroa-Forsyth Community Unit School District 2 may issue bonds
5with an aggregate principal amount not to exceed $33,000,000,
6but only if all of the following conditions are met:
7        (1) The voters of the school district approve a
8    proposition for the bond issuance at an election held on
9    March 17, 2020.
10        (2) Prior to the issuance of the bonds, the school
11    board determines, by resolution, that the projects set
12    forth in the proposition for the bond issuance were and are
13    required because of the age and condition of the school
14    district's existing school buildings.
15        (3) The bonds are issued in accordance with this
16    Article.
17        (4) The proceeds of the bonds are used to accomplish
18    only the projects approved by the voters at an election
19    held on March 17, 2020.
20    The debt incurred on any bonds issued under this subsection
21(p-170) and on any bonds issued to refund or continue to refund
22such bonds shall not be considered indebtedness for purposes of
23any statutory debt limitation. Bonds issued under this
24subsection (p-170) and any bonds issued to refund or continue
25to refund such bonds must mature within not to exceed 25 years
26from their date, notwithstanding any other law, including

 

 

10100SB1937ham002- 56 -LRB101 08681 NHT 72321 a

1Section 19-3 of this Code, to the contrary.
2    (p-175) In addition to all other authority to issue bonds,
3Schiller Park School District 81 may issue bonds with an
4aggregate principal amount not to exceed $30,000,000, but only
5if all of the following conditions are met:
6        (1) The voters of the district approve a proposition
7    for the bond issuance at an election held on or after March
8    17, 2020.
9        (2) Prior to the issuance of the bonds, the school
10    board determines, by resolution, that (i) building and
11    equipping a school building to replace the Washington
12    Elementary School building, installing fire suppression
13    systems, security systems, and federal Americans with
14    Disability Act of 1990 compliance measures, acquiring
15    land, and improving the site are required to accommodate
16    enrollment growth, replace an outdated facility, and
17    create spaces consistent with 21st century learning and
18    (ii) the issuance of bonds is authorized by a statute that
19    exempts the debt incurred on the bonds from the district's
20    statutory debt limitation.
21        (3) The bonds are issued, in one or more issuances, not
22    later than 5 years after the date of the referendum
23    approving the issuance of the bonds, but the aggregate
24    principal amount issued in all such bond issuances combined
25    must not exceed $30,000,000.
26        (4) The bonds are issued in accordance with this

 

 

10100SB1937ham002- 57 -LRB101 08681 NHT 72321 a

1    Article.
2        (5) The proceeds of the bonds are used to accomplish
3    only the projects approved by the voters at an election
4    held on or after March 17, 2020.
5    The debt incurred on any bonds issued under this subsection
6(p-175) and on any bonds issued to refund or continue to refund
7such bonds shall not be considered indebtedness for purposes of
8any statutory debt limitation. Bonds issued under this
9subsection (p-175) and any bonds issued to refund or continue
10to refund such bonds must mature within not to exceed 27 years
11from their date, notwithstanding any other law, including
12Section 19-3 of this Code, to the contrary.
13    (q) A school district must notify the State Board of
14Education prior to issuing any form of long-term or short-term
15debt that will result in outstanding debt that exceeds 75% of
16the debt limit specified in this Section or any other provision
17of law.
18(Source: P.A. 99-78, eff. 7-20-15; 99-143, eff. 7-27-15;
1999-390, eff. 8-18-15; 99-642, eff. 7-28-16; 99-735, eff.
208-5-16; 99-926, eff. 1-20-17, 100-503, eff. 6-1-18; 100-531,
21eff. 9-22-17; 100-650, eff. 7-31-18; 100-863, eff. 8-14-18.)
 
22    Section 99. Effective date. This Act takes effect upon
23becoming law.".