Illinois General Assembly - Bill Status for HB3823

Illinois General Assembly - Bill Status for HB3823

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Bill Status of HB3823 99th General Assembly

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Short Description: SCH CONSTRUCT GRANT-PROP TAX

House Sponsors
Rep. Stephanie A. Kifowit, Keith R. Wheeler, Mark Batinick, Deb Conroy and Sue Scherer

Senate Sponsors
(Sen. Linda Holmes)

Last Action

Date	Chamber	Action
1/10/2017	House	Session Sine Die

Statutes Amended In Order of Appearance

105 ILCS 5/17-2

from Ch. 122, par. 17-2

105 ILCS 230/5-35

Synopsis As Introduced
Amends the School Code and the School Construction Law. Provides that if a school district, other than Chicago school district, in any fiscal year receives school construction project grant funds for a school construction project for which the district has a levy and the district has any outstanding debt on that construction project, then the district shall use the grant funds to first pay off that outstanding debt and shall reduce the levy by an amount equal to the amount of the grant funds used to pay off the outstanding debt. Effective immediately.

House Floor Amendment No. 1
Replaces everything after the enacting clause. Reinserts the contents of the introduced bill with the following changes: provides that if a school district receives school construction project grant funds for a school construction project for which the district has a bond and interest levy (rather than a levy) and the district has any outstanding debt on that construction project, then the district shall use a minimum of 80% of the grant funds to first defease or redeem any outstanding debt and shall reduce the debt levy by an amount equal to or greater than the amount of the grant funds used to pay off outstanding debt within the first 5 levy years of receiving the funds (rather than the grant funds be used to first pay off that outstanding debt and then the levy be reduced by an amount equal to the amount of the grant funds used to pay off the outstanding debt). Provides that any remaining funds not required to defease or redeem any outstanding debt shall be used at the discretion of the district to fund capital improvements related to school construction projects. Effective immediately.

Actions

Date	Chamber	Action
2/27/2015	House	Filed with the Clerk by Rep. Stephanie A. Kifowit
2/27/2015	House	First Reading
2/27/2015	House	Referred to Rules Committee
3/12/2015	House	Assigned to Revenue & Finance Committee
3/13/2015	House	To Property Tax Subcommittee
3/19/2015	House	Recommends Do Pass Subcommittee/ Revenue & Finance Committee; 006-000-000
3/19/2015	House	Remains in Revenue & Finance Committee
3/19/2015	House	Do Pass / Short Debate Revenue & Finance Committee; 013-000-000
3/19/2015	House	Placed on Calendar 2nd Reading - Short Debate
3/19/2015	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Stephanie A. Kifowit
3/19/2015	House	House Floor Amendment No. 1 Referred to Rules Committee
3/24/2015	House	House Floor Amendment No. 1 Recommends Be Adopted Rules Committee; 003-000-000
3/26/2015	House	Added Co-Sponsor Rep. Keith R. Wheeler
3/26/2015	House	Second Reading - Short Debate
3/26/2015	House	House Floor Amendment No. 1 Adopted
3/26/2015	House	Placed on Calendar Order of 3rd Reading - Short Debate
4/14/2015	House	Third Reading - Short Debate - Passed 113-000-000
4/14/2015	House	Added Co-Sponsor Rep. Mark Batinick
4/14/2015	House	Added Co-Sponsor Rep. Deb Conroy
4/14/2015	House	Added Co-Sponsor Rep. Sue Scherer
4/14/2015	Senate	Arrive in Senate
4/14/2015	Senate	Placed on Calendar Order of First Reading April 15, 2015
4/14/2015	Senate	Chief Senate Sponsor Sen. Linda Holmes
4/15/2015	Senate	First Reading
4/15/2015	Senate	Referred to Assignments
4/29/2015	Senate	Assigned to Education
5/6/2015	Senate	Postponed - Education
5/13/2015	Senate	Postponed - Education
5/15/2015	Senate	Rule 2-10 Committee Deadline Established As May 31, 2015
5/22/2015	Senate	Rule 2-10 Third Reading Deadline Established As May 31, 2015
10/10/2015	Senate	Pursuant to Senate Rule 3-9(b) / Referred to Assignments
1/10/2017	House	Session Sine Die