Illinois General Assembly - Bill Status for HB2676
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 Bill Status of HB2676  96th General Assembly

Short Description:  SCH CD-FINANC OVERSIGHT PANEL

House Sponsors
Rep. Roger L. Eddy - Robert W. Pritchard

Last Action
DateChamber Action
  1/11/2011HouseSession Sine Die

Statutes Amended In Order of Appearance
35 ILCS 200/18-50.1
35 ILCS 200/18-92
35 ILCS 200/18-241
105 ILCS 5/1B-8from Ch. 122, par. 1B-8
105 ILCS 5/Art. 1H heading new
105 ILCS 5/1H-1 new
105 ILCS 5/1H-5 new
105 ILCS 5/1H-10 new
105 ILCS 5/1H-15 new
105 ILCS 5/1H-20 new
105 ILCS 5/1H-25 new
105 ILCS 5/1H-30 new
105 ILCS 5/1H-35 new
105 ILCS 5/1H-40 new
105 ILCS 5/1H-41 new
105 ILCS 5/1H-42 new
105 ILCS 5/1H-45 new
105 ILCS 5/1H-50 new
105 ILCS 5/1H-55 new
105 ILCS 5/1H-60 new
105 ILCS 5/1H-65 new
105 ILCS 5/1H-70 new
105 ILCS 5/1H-75 new
105 ILCS 5/1H-80 new
105 ILCS 5/1H-85 new
105 ILCS 5/1H-90 new
105 ILCS 5/1H-95 new
105 ILCS 5/1H-100 new
105 ILCS 5/1H-105 new
105 ILCS 5/1H-110 new
105 ILCS 5/1H-115 new
105 ILCS 5/1H-120 new
105 ILCS 5/1H-125 new
105 ILCS 5/1H-130 new
105 ILCS 5/1H-135 new
105 ILCS 5/1H-140 new
105 ILCS 5/1H-145 new
105 ILCS 5/1H-150 new
105 ILCS 5/1H-155 new
105 ILCS 5/1H-160 new
105 ILCS 5/1H-165 new
105 ILCS 5/1H-170 new


Synopsis As Introduced
Creates the Financial Oversight Panel Law of the School Code. Allows a school district (other than the Chicago school district) to petition the State Board of Education for the establishment of a Financial Oversight Panel for the district. Allows the State Board to establish a Financial Oversight Panel without a petition from a district. Contains provisions concerning duties of the district; members and meetings of a Panel; powers of a Panel; officers of a Panel; collective bargaining agreements; deposits and investments; cash and bank accounts; the financial, management, and budgetary structure; the School District Emergency Financial Assistance Fund; grants and loans; the issuance of bonds; a tax levy; a debt service fund; a debt service reserve fund; bond anticipation notes; tax anticipation warrants; reports; a Panel audit; Panel property being exempt from taxation; sanctions; and abolition of a Panel. Makes related changes in the School Code and the Property Tax Code. Effective immediately.

Actions 
DateChamber Action
  2/23/2009HouseFiled with the Clerk by Rep. Roger L. Eddy
  2/24/2009HouseFirst Reading
  2/24/2009HouseReferred to Rules Committee
  3/3/2009HouseAssigned to Elementary & Secondary Education Committee
  3/11/2009HouseDo Pass / Short Debate Elementary & Secondary Education Committee; 013-002-000
  3/12/2009HousePlaced on Calendar 2nd Reading - Short Debate
  4/1/2009HouseSecond Reading - Short Debate
  4/1/2009HouseHeld on Calendar Order of Second Reading - Short Debate
  4/3/2009HouseAdded Chief Co-Sponsor Rep. Robert W. Pritchard
  4/3/2009HouseRule 19(a) / Re-referred to Rules Committee
  1/11/2011HouseSession Sine Die

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