SCH CD-DEBT LIMIT EXCEPTION Senate SponsorsSen. James F. Clayborne, Jr. House Sponsors(Rep. Eddie Lee Jackson, Sr.-Thomas Holbrook) 7/23/2009SenatePublic Act . . . . . . . . . 96-0063 105 ILCS 5/19-1from Ch. 122, par. 19-1Amends the School Code. In a Section concerning the debt limitations of school districts, allows Belle Valley School District 119 to issue bonds with an aggregate principal amount not to exceed $47,500,000 if, among other conditions, (i) the voters of the school district approve a proposition for the bond issuance at an election held on or after April 7, 2009; (ii) the building and equipping of a new school building is required as a result of mine subsidence in an existing school building and because of the age and condition of another existing school building; and (iii) the bonds are issued on or before December 31, 2013. Provides that the bonds must mature within not to exceed 40 years from their date, notwithstanding any other law to the contrary. Effective immediately.Senate Committee Amendment No. 1 Makes changes to the conditions for allowing the issuance of bonds, including when the school board must make its determination by resolution and what the determination must include, when the bonds must be issued, and when the bonds must mature.House Committee Amendment No. 1 Provides that the bonds must mature within not to exceed 25 (instead of 35) years from their date.House Floor Amendment No. 2 Provides that the bonds must mature within not to exceed 30 (instead of 25) years from their date. 2/10/2009SenateFiled with Secretary by Sen. James F. Clayborne, Jr. 2/10/2009SenateFirst Reading 2/10/2009SenateReferred to Assignments 2/18/2009SenateAssigned to Education 2/24/2009SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. James F. Clayborne, Jr. 2/24/2009SenateSenate Committee Amendment No. 1 Referred to Assignments 2/25/2009SenateSenate Committee Amendment No. 1 Assignments Refers to Education 2/25/2009SenateSenate Committee Amendment No. 1 Adopted 2/25/2009SenateDo Pass as Amended Education; 010-000-000 2/25/2009SenatePlaced on Calendar Order of 2nd Reading February 26, 2009 2/27/2009SenateSecond Reading 2/27/2009SenatePlaced on Calendar Order of 3rd Reading March 4, 2009 3/17/2009SenateThird Reading - Passed; 059-000-000 3/17/2009HouseArrived in House 3/17/2009HousePlaced on Calendar Order of First Reading 3/17/2009HouseChief House Sponsor Rep. Thomas Holbrook 3/17/2009HouseFirst Reading 3/17/2009HouseReferred to Rules Committee 3/19/2009HouseAlternate Chief Sponsor Changed to Rep. Eddie Lee Jackson, Sr. 3/19/2009HouseAdded Alternate Chief Co-Sponsor Rep. Thomas Holbrook 4/14/2009HouseAssigned to Elementary & Secondary Education Committee 4/29/2009HouseHouse Committee Amendment No. 1 Filed with Clerk by Elementary & Secondary Education Committee 4/29/2009HouseHouse Committee Amendment No. 1 Adopted in Elementary & Secondary Education Committee; by Voice Vote 4/29/2009HouseDo Pass as Amended / Short Debate Elementary & Secondary Education Committee; 015-003-000 4/29/2009HousePlaced on Calendar 2nd Reading - Short Debate 5/12/2009HouseSecond Reading - Short Debate 5/12/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/14/2009HouseHouse Floor Amendment No. 2 Filed with Clerk by Rep. Eddie Lee Jackson, Sr. 5/14/2009HouseHouse Floor Amendment No. 2 Referred to Rules Committee 5/20/2009HouseHouse Floor Amendment No. 2 Recommends Be Adopted Rules Committee; 004-000-000 5/22/2009HouseRecalled to Second Reading - Short Debate 5/22/2009HouseHouse Floor Amendment No. 2 Adopted by Voice Vote 5/22/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/22/2009HouseThird Reading - Short Debate - Passed 081-033-000 5/22/2009SenateSecretary's Desk - Concurrence House Amendment(s) 1, 2 5/22/2009SenatePlaced on Calendar Order of Concurrence House Amendment(s) 1, 2 - May 26, 2009 5/26/2009SenateHouse Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr. 5/26/2009SenateHouse Committee Amendment No. 1 Motion to Concur Referred to Assignments 5/26/2009SenateHouse Floor Amendment No. 2 Motion to Concur Filed with Secretary Sen. James F. Clayborne, Jr. 5/26/2009SenateHouse Floor Amendment No. 2 Motion to Concur Referred to Assignments 5/27/2009SenateHouse Committee Amendment No. 1 Motion to Concur Assignments Referred to Education 5/27/2009SenateHouse Floor Amendment No. 2 Motion to Concur Assignments Referred to Education 5/28/2009SenateHouse Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Education; 007-000-000 5/28/2009SenateHouse Floor Amendment No. 2 Motion To Concur Recommended Do Adopt Education; 007-000-000 5/29/2009SenateHouse Committee Amendment No. 1 Senate Concurs 058-000-000 5/29/2009SenateHouse Floor Amendment No. 2 Senate Concurs 058-000-000 5/29/2009SenatePassed Both Houses 6/26/2009SenateSent to the Governor 7/23/2009SenateGovernor Approved 7/23/2009SenateEffective Date July 23, 2009 7/23/2009SenatePublic Act . . . . . . . . . 96-0063