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 Bill Status of HB3093  100th General Assembly


Short Description:  SCH CD-INTEREST EARNINGS

House Sponsors
Rep. Jim Durkin - Ron Sandack

Senate Sponsors
(Sen. Christine Radogno )

Last Action
DateChamber Action
  8/19/2015HousePublic Act . . . . . . . . . 99-0404

Statutes Amended In Order of Appearance
105 ILCS 5/10-22.14from Ch. 122, par. 10-22.14


Synopsis As Introduced
Amends the School Boards Article of the School Code. Allows any high school district whose territory is in 2 counties and that is eligible for Federal Impact Aid to make a one-time declaration as to interest income not previously declared from 1998 through 2011 in the debt service fund, declaring said moneys as interest earnings on or before June 30, 2016. Requires any such earnings income to thereafter be considered interest earnings. Effective immediately.

Senate Floor Amendment No. 1
Deletes reference to:
105 ILCS 5/10-22.14
Adds reference to:
105 ILCS 5/10-22.44from Ch. 122, par. 10-22.44

Replaces everything after the enacting clause. Amends the School Code. In provisions providing for the transfer of interest to the fund that is most in need, allows any high school district whose territory is in 2 counties and that is eligible for Section 8002 Federal Impact Aid to make a one-time declaration as to interest income not previously declared from 1998 through 2011 in the debt service fund, declaring said moneys as interest earnings on or before June 30, 2016. Requires any such earnings income to thereafter be considered interest earnings. Effective immediately.

Actions 
DateChamber Action
  2/24/2015HouseFiled with the Clerk by Rep. Jim Durkin
  2/25/2015HouseFirst Reading
  2/25/2015HouseReferred to Rules Committee
  3/10/2015HouseAssigned to Executive Committee
  3/18/2015HouseDo Pass / Short Debate Executive Committee; 011-000-000
  3/18/2015HousePlaced on Calendar 2nd Reading - Short Debate
  3/24/2015HouseSecond Reading - Short Debate
  3/24/2015HousePlaced on Calendar Order of 3rd Reading - Short Debate
  3/25/2015HouseThird Reading - Short Debate - Passed 111-002-003
  3/26/2015SenateArrive in Senate
  3/26/2015SenatePlaced on Calendar Order of First Reading April 14, 2015
  4/8/2015SenateChief Senate Sponsor Sen. Christine Radogno
  4/14/2015SenateFirst Reading
  4/14/2015SenateReferred to Assignments
  4/22/2015SenateApproved for Consideration Assignments
  4/22/2015SenatePlaced on Calendar Order of 2nd Reading April 23, 2015
  5/8/2015SenateSenate Floor Amendment No. 1 Filed with Secretary by Sen. Christine Radogno
  5/8/2015SenateSenate Floor Amendment No. 1 Referred to Assignments
  5/12/2015SenateSenate Floor Amendment No. 1 Assignments Refers to Executive
  5/14/2015SenateSenate Floor Amendment No. 1 Recommend Do Adopt Executive; 013-000-000
  5/18/2015SenateSecond Reading
  5/18/2015SenateSenate Floor Amendment No. 1 Adopted; Radogno
  5/18/2015SenatePlaced on Calendar Order of 3rd Reading May 19, 2015
  5/21/2015SenateThird Reading - Passed; 057-000-000
  5/21/2015HouseArrived in House
  5/21/2015HousePlaced on Calendar Order of Concurrence Senate Amendment(s) 1
  5/21/2015HouseSenate Floor Amendment No. 1 Motion Filed Concur Rep. Jim Durkin
  5/21/2015HouseSenate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
  5/25/2015HouseSenate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-000-000
  5/25/2015HouseAdded Chief Co-Sponsor Rep. Ron Sandack
  5/31/2015HouseSenate Floor Amendment No. 1 House Concurs 109-002-000
  5/31/2015HouseHouse Concurs
  5/31/2015HousePassed Both Houses
  6/29/2015HouseSent to the Governor
  8/19/2015HouseGovernor Approved
  8/19/2015HouseEffective Date August 19, 2015
  8/19/2015HousePublic Act . . . . . . . . . 99-0404

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