Illinois General Assembly - Bill Status for HB3523

Illinois General Assembly - Bill Status for HB3523

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Bill Status of HB3523 103rd General Assembly

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Short Description: SCH CD-SCH TRUSTEE BOND

House Sponsors
Rep. Janet Yang Rohr - Anne Stava-Murray - Terra Costa Howard and William "Will" Davis

Senate Sponsors
(Sen. Laura Ellman)

Last Action

Date	Chamber	Action
6/9/2023	House	Public Act . . . . . . . . . 103-0049

Statutes Amended In Order of Appearance

from Ch. 122, par. 8-2

105 ILCS 5/19-6

from Ch. 122, par. 19-6

Synopsis As Introduced
Amends the Treasurers Article of the School Code. Removes provisions allowing the school treasurer to execute a bond with 2 or more persons having an interest in real estate who are not trustees before beginning the treasurer's duties. Provides that, for those school districts that have a designation of recognition or review according to the State Board of Education's School District Financial Profile System, the penalty of the bond shall be determined by the school board in an amount no less than 10% of the amount of all bonds, notes, mortgages, moneys and effects the treasurer will have custody over as measured by specified provisions (rather than an initial penalty of 25% with the penalty increasing and decreasing based on specified factors, but not higher than 25%). Provides that, for those districts that have no designation of recognition or review, then the penalty shall be 25%. Amends the Debt Limitation Article of the School Code to make conforming changes. 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 the penalty of the bond shall be determined by the school board in an amount no less than 10% of the amount of all bonds, notes, mortgages, moneys, and effects (instead of providing that for those school districts that have a designation of recognition or review according to the State Board of Education's School District Financial Profile System, the penalty of the bond shall be determined by the school board in an amount no less than 10% of the amount of all bonds, notes, mortgages, moneys, and effects and that for all other school districts, the penalty of the bond shall be 25% of all bonds, notes, mortgages, moneys, and effects). Provides that a treasurer shall, before receiving any borrowed money, execute a bond with a surety company authorized to do business in this State (instead of with 2 or more persons having an interest in real estate, who shall not be trustees, or a surety company authorized to do business in this State). Effective immediately.

Actions

Date	Chamber	Action
2/17/2023	House	Filed with the Clerk by Rep. Janet Yang Rohr
2/17/2023	House	First Reading
2/17/2023	House	Referred to Rules Committee
2/28/2023	House	Assigned to Elementary & Secondary Education: Administration, Licensing & Charter Schools
3/8/2023	House	Do Pass / Short Debate Elementary & Secondary Education: Administration, Licensing & Charter Schools; 006-003-000
3/10/2023	House	Placed on Calendar 2nd Reading - Short Debate
3/15/2023	House	House Floor Amendment No. 1 Filed with Clerk by Rep. Janet Yang Rohr
3/15/2023	House	House Floor Amendment No. 1 Referred to Rules Committee
3/16/2023	House	Added Chief Co-Sponsor Rep. Anne Stava-Murray
3/20/2023	House	House Floor Amendment No. 1 Rules Refers to Elementary & Secondary Education: Administration, Licensing & Charter Schools
3/21/2023	House	Added Chief Co-Sponsor Rep. Terra Costa Howard
3/22/2023	House	House Floor Amendment No. 1 Recommends Be Adopted Elementary & Secondary Education: Administration, Licensing & Charter Schools; 008-000-000
3/22/2023	House	Added Co-Sponsor Rep. William "Will" Davis
3/22/2023	House	Second Reading - Short Debate
3/22/2023	House	House Floor Amendment No. 1 Adopted
3/22/2023	House	Placed on Calendar Order of 3rd Reading - Short Debate
3/23/2023	House	Third Reading - Short Debate - Passed 071-035-000
3/27/2023	Senate	Arrive in Senate
3/27/2023	Senate	Placed on Calendar Order of First Reading
3/27/2023	Senate	Chief Senate Sponsor Sen. Laura Ellman
3/27/2023	Senate	First Reading
3/27/2023	Senate	Referred to Assignments
4/12/2023	Senate	Assigned to Education
4/19/2023	Senate	Do Pass Education; 011-000-000
4/19/2023	Senate	Placed on Calendar Order of 2nd Reading April 20, 2023
4/20/2023	Senate	Second Reading
4/20/2023	Senate	Placed on Calendar Order of 3rd Reading April 25, 2023
5/4/2023	Senate	Third Reading - Passed; 055-000-000
5/4/2023	House	Passed Both Houses
6/2/2023	House	Sent to the Governor
6/9/2023	House	Governor Approved
6/9/2023	House	Effective Date June 9, 2023
6/9/2023	House	Public Act . . . . . . . . . 103-0049