SCH CD-DEBT LIMIT EXCEPTION House SponsorsRep. Tom Cross-Linda Chapa LaVia-Mark H. Beaubien, Jr.-Patricia Reid Lindner Senate Sponsors(Sen. Edward Petka-Chris Lauzen) 6/9/2003HousePublic Act . . . . . . . . . 93-0013 105 ILCS 5/19-1from Ch. 122, par. 19-1 Amends the School Code. In a Section concerning the debt limitations of school districts, provides that until November 1, 2007, a community unit school district maintaining grades K through 12 may issue bonds up to an amount, including existing indebtedness, not exceeding 20% of the equalized assessed value of the taxable property in the district if, among other conditions, the school district has an equalized assessed valuation for calendar year 2001 of at least $737,000,000 and an enrollment for the 2002-2003 school year of at least 8,500 and the bonds are issued to purchase school sites, build and equip a new high school, build and equip a new junior high school, build and equip 5 new elementary schools, and make technology and other improvements and additions to existing schools. Effective immediately. 2/21/2003HouseFiled with the Clerk by Rep. Tom Cross 2/21/2003HouseFirst Reading 2/21/2003HouseReferred to Rules Committee 2/26/2003HouseAssigned to Revenue Committee 3/4/2003HouseAdded Chief Co-Sponsor Rep. Linda Chapa LaVia 3/6/2003HouseAdded Chief Co-Sponsor Rep. Mark H. Beaubien, Jr. 3/13/2003HouseDo Pass / Short Debate Revenue Committee; 009-000-000 3/13/2003HousePlaced on Calendar 2nd Reading - Short Debate 3/13/2003HouseAdded Chief Co-Sponsor Rep. Patricia Reid Lindner 3/20/2003HouseSecond Reading - Short Debate 3/20/2003HouseHeld on Calendar Order of Second Reading - Short Debate 3/21/2003HousePlaced on Calendar Order of 3rd Reading - Short Debate 3/21/2003HouseThird Reading - Short Debate - Passed 114-002-001 3/25/2003SenateArrive in Senate 3/25/2003SenatePlaced on Calendar Order of First Reading March 26, 2003 3/27/2003SenateChief Senate Sponsor Sen. Edward Petka 4/2/2003SenateFirst Reading 4/2/2003SenateReferred to Rules 4/16/2003SenateAssigned to Education 4/29/2003SenateDo Pass Education; 011-000-000 4/29/2003SenatePlaced on Calendar Order of 2nd Reading April 30, 2003 4/30/2003SenateSecond Reading 4/30/2003SenatePlaced on Calendar Order of 3rd Reading May 1, 2003 5/8/2003SenateAdded as Alternate Chief Co-Sponsor Sen. Chris Lauzen 5/13/2003SenateThird Reading - Passed; 056-001-000 5/13/2003HousePassed Both Houses 6/9/2003HouseSent to the Governor 6/9/2003HouseGovernor Approved 6/9/2003HouseEffective Date June 9, 2003 6/9/2003HousePublic Act . . . . . . . . . 93-0013