Illinois General Assembly - Bill Status for SB2507
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 Bill Status of SB2507  96th General Assembly

Short Description:  SCH CD-BONDS-WILMINGTON

Senate Sponsors
Sen. A. J. Wilhelmi

House Sponsors
(Rep. Jack McGuire)

Last Action
DateChamber Action
  6/25/2010SenatePublic Act . . . . . . . . . 96-0947

Statutes Amended In Order of Appearance
105 ILCS 5/19-1


Synopsis As Introduced
Amends the School Code. In a Section concerning the debt limitations of school districts, allows Wilmington Community Unit School District Number 209-U to issue bonds with an aggregate principal amount not to exceed $2,285,000 if, among other conditions, (i) the proceeds of the bonds are used to accomplish only those projects approved by the voters at the general primary election held on March 21, 2006; (ii) prior to the issuance of the bonds, the school board determines, by resolution, that (A) the projects approved by the voters were and are required because of the age and condition of the school district's prior and existing school buildings and (B) the issuance of the bonds is authorized by legislation that exempts the debt incurred on the bonds from the district's statutory debt limitation; (iii) the bonds are issued in one or more bond issuances on or before March 1, 2011, but the aggregate principal amount issued in all those bond issuances combined must not exceed $2,285,000; and (iv) the bonds are issued in accordance with the Article. Provides that the debt incurred on any bonds issued shall not be considered indebtedness for purposes of any statutory debt limitation. Effective immediately.

Actions 
DateChamber Action
  1/6/2010SenateFiled with Secretary by Sen. A. J. Wilhelmi
  1/6/2010SenateFirst Reading
  1/6/2010SenateReferred to Assignments
  2/4/2010SenateAssigned to Education
  2/17/2010SenateDo Pass Education; 010-000-000
  2/17/2010SenatePlaced on Calendar Order of 2nd Reading February 18, 2010
  2/18/2010SenateSecond Reading
  2/18/2010SenatePlaced on Calendar Order of 3rd Reading February 23, 2010
  3/9/2010SenateThird Reading - Passed; 054-000-001
  3/10/2010HouseArrived in House
  4/13/2010HouseChief House Sponsor Rep. Jack McGuire
  4/13/2010HousePlaced on Calendar Order of First Reading
  4/13/2010HouseFirst Reading
  4/13/2010HouseReferred to Rules Committee
  4/14/2010HouseAssigned to Elementary & Secondary Education Committee
  4/21/2010HouseDo Pass / Short Debate Elementary & Secondary Education Committee; 013-002-000
  4/21/2010HousePlaced on Calendar 2nd Reading - Short Debate
  4/22/2010HouseSecond Reading - Short Debate
  4/22/2010HousePlaced on Calendar Order of 3rd Reading - Short Debate
  4/23/2010HouseThird Reading - Short Debate - Passed 077-032-000
  4/23/2010SenatePassed Both Houses
  5/21/2010SenateSent to the Governor
  6/25/2010SenateGovernor Approved
  6/25/2010SenateEffective Date June 25, 2010
  6/25/2010SenatePublic Act . . . . . . . . . 96-0947

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