Illinois General Assembly - Bill Status for SB3367
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 Bill Status of SB3367  102nd General Assembly

Short Description:  SCH CD-PAXTON-BUCKLEY-LODA

Senate Sponsors
Sen. Jason A. Barickman

House Sponsors
(Rep. Thomas M. Bennett)

Last Action
DateChamber Action
  1/10/2017SenateSession Sine Die

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


Synopsis As Introduced
Amends the School Code with respect to the debt limitations of school districts. Allows Paxton-Buckley-Loda Community Unit School District 10 to issue bonds with an aggregate principal amount not to exceed $28,500,000 if, among other conditions, (i) the voters of the district approve a proposition for the bond issuance at an election held on or after November 8, 2016; (ii) prior to the issuance of the bonds, the school board determines that the projects as described in said proposition, relating to the building and equipping of one or more school buildings or additions to school buildings, are required as a result of the age and condition of the District's existing buildings; and (iii) the bonds are issued, in one or more issuances, not later than 5 years after the date of the referendum approving the issuance of the bonds. Provides that the debt incurred on the bonds and any refunding bonds shall not be considered indebtedness for purposes of any statutory debt limitation and such bonds must mature within not to exceed 25 years from their date. Effective immediately.

Actions 
DateChamber Action
  2/19/2016SenateFiled with Secretary by Sen. Jason A. Barickman
  2/19/2016SenateFirst Reading
  2/19/2016SenateReferred to Assignments
  3/8/2016SenateAssigned to Education
  3/16/2016SenateDo Pass Education; 014-000-000
  3/16/2016SenatePlaced on Calendar Order of 2nd Reading March 17, 2016
  4/14/2016SenateSecond Reading
  4/14/2016SenatePlaced on Calendar Order of 3rd Reading April 18, 2016
  4/21/2016SenateThird Reading - Passed; 053-000-000
  4/21/2016HouseArrived in House
  4/21/2016HouseChief House Sponsor Rep. Thomas M. Bennett
  4/21/2016HouseFirst Reading
  4/21/2016HouseReferred to Rules Committee
  5/2/2016HouseAssigned to Revenue & Finance Committee
  5/5/2016HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Thomas M. Bennett
  5/5/2016HouseHouse Committee Amendment No. 1 Referred to Rules Committee
  5/5/2016HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Linda Chapa LaVia
  5/5/2016HouseHouse Committee Amendment No. 2 Referred to Rules Committee
  5/13/2016HouseRule 19(a) / Re-referred to Rules Committee
  1/10/2017SenateSession Sine Die

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