Illinois General Assembly - Full Text of SB0852
Illinois General Assembly

Previous General Assemblies

Full Text of SB0852  94th General Assembly

SB0852sam001 94TH GENERAL ASSEMBLY

Sen. William R. Haine

Filed: 10/25/2005

 

 


 

 


 
09400SB0852sam001 LRB094 04501 NHT 49943 a

1
AMENDMENT TO SENATE BILL 852

2     AMENDMENT NO. ______. Amend Senate Bill 852 by replacing
3 everything after the enacting clause with the following:
 
4     "Section 5. The School Code is amended by changing Section
5 19-1 as follows:
 
6     (105 ILCS 5/19-1)  (from Ch. 122, par. 19-1)
7     (Text of Section before amendment by P.A. 94-234)
8     Sec. 19-1. Debt limitations of school districts.
9     (a) School districts shall not be subject to the provisions
10 limiting their indebtedness prescribed in "An Act to limit the
11 indebtedness of counties having a population of less than
12 500,000 and townships, school districts and other municipal
13 corporations having a population of less than 300,000",
14 approved February 15, 1928, as amended.
15     No school districts maintaining grades K through 8 or 9
16 through 12 shall become indebted in any manner or for any
17 purpose to an amount, including existing indebtedness, in the
18 aggregate exceeding 6.9% on the value of the taxable property
19 therein to be ascertained by the last assessment for State and
20 county taxes or, until January 1, 1983, if greater, the sum
21 that is produced by multiplying the school district's 1978
22 equalized assessed valuation by the debt limitation percentage
23 in effect on January 1, 1979, previous to the incurring of such
24 indebtedness.

 

 

09400SB0852sam001 - 2 - LRB094 04501 NHT 49943 a

1     No school districts maintaining grades K through 12 shall
2 become indebted in any manner or for any purpose to an amount,
3 including existing indebtedness, in the aggregate exceeding
4 13.8% on the value of the taxable property therein to be
5 ascertained by the last assessment for State and county taxes
6 or, until January 1, 1983, if greater, the sum that is produced
7 by multiplying the school district's 1978 equalized assessed
8 valuation by the debt limitation percentage in effect on
9 January 1, 1979, previous to the incurring of such
10 indebtedness.
11     Notwithstanding the provisions of any other law to the
12 contrary, in any case in which the voters of a school district
13 have approved a proposition for the issuance of bonds of such
14 school district at an election held prior to January 1, 1979,
15 and all of the bonds approved at such election have not been
16 issued, the debt limitation applicable to such school district
17 during the calendar year 1979 shall be computed by multiplying
18 the value of taxable property therein, including personal
19 property, as ascertained by the last assessment for State and
20 county taxes, previous to the incurring of such indebtedness,
21 by the percentage limitation applicable to such school district
22 under the provisions of this subsection (a).
23     (b) Notwithstanding the debt limitation prescribed in
24 subsection (a) of this Section, additional indebtedness may be
25 incurred in an amount not to exceed the estimated cost of
26 acquiring or improving school sites or constructing and
27 equipping additional building facilities under the following
28 conditions:
29         (1) Whenever the enrollment of students for the next
30     school year is estimated by the board of education to
31     increase over the actual present enrollment by not less
32     than 35% or by not less than 200 students or the actual
33     present enrollment of students has increased over the
34     previous school year by not less than 35% or by not less

 

 

09400SB0852sam001 - 3 - LRB094 04501 NHT 49943 a

1     than 200 students and the board of education determines
2     that additional school sites or building facilities are
3     required as a result of such increase in enrollment; and
4         (2) When the Regional Superintendent of Schools having
5     jurisdiction over the school district and the State
6     Superintendent of Education concur in such enrollment
7     projection or increase and approve the need for such
8     additional school sites or building facilities and the
9     estimated cost thereof; and
10         (3) When the voters in the school district approve a
11     proposition for the issuance of bonds for the purpose of
12     acquiring or improving such needed school sites or
13     constructing and equipping such needed additional building
14     facilities at an election called and held for that purpose.
15     Notice of such an election shall state that the amount of
16     indebtedness proposed to be incurred would exceed the debt
17     limitation otherwise applicable to the school district.
18     The ballot for such proposition shall state what percentage
19     of the equalized assessed valuation will be outstanding in
20     bonds if the proposed issuance of bonds is approved by the
21     voters; or
22         (4) Notwithstanding the provisions of paragraphs (1)
23     through (3) of this subsection (b), if the school board
24     determines that additional facilities are needed to
25     provide a quality educational program and not less than 2/3
26     of those voting in an election called by the school board
27     on the question approve the issuance of bonds for the
28     construction of such facilities, the school district may
29     issue bonds for this purpose; or
30         (5) Notwithstanding the provisions of paragraphs (1)
31     through (3) of this subsection (b), if (i) the school
32     district has previously availed itself of the provisions of
33     paragraph (4) of this subsection (b) to enable it to issue
34     bonds, (ii) the voters of the school district have not

 

 

09400SB0852sam001 - 4 - LRB094 04501 NHT 49943 a

1     defeated a proposition for the issuance of bonds since the
2     referendum described in paragraph (4) of this subsection
3     (b) was held, (iii) the school board determines that
4     additional facilities are needed to provide a quality
5     educational program, and (iv) a majority of those voting in
6     an election called by the school board on the question
7     approve the issuance of bonds for the construction of such
8     facilities, the school district may issue bonds for this
9     purpose.
10     In no event shall the indebtedness incurred pursuant to
11 this subsection (b) and the existing indebtedness of the school
12 district exceed 15% of the value of the taxable property
13 therein to be ascertained by the last assessment for State and
14 county taxes, previous to the incurring of such indebtedness
15 or, until January 1, 1983, if greater, the sum that is produced
16 by multiplying the school district's 1978 equalized assessed
17 valuation by the debt limitation percentage in effect on
18 January 1, 1979.
19     The indebtedness provided for by this subsection (b) shall
20 be in addition to and in excess of any other debt limitation.
21     (c) Notwithstanding the debt limitation prescribed in
22 subsection (a) of this Section, in any case in which a public
23 question for the issuance of bonds of a proposed school
24 district maintaining grades kindergarten through 12 received
25 at least 60% of the valid ballots cast on the question at an
26 election held on or prior to November 8, 1994, and in which the
27 bonds approved at such election have not been issued, the
28 school district pursuant to the requirements of Section 11A-10
29 may issue the total amount of bonds approved at such election
30 for the purpose stated in the question.
31     (d) Notwithstanding the debt limitation prescribed in
32 subsection (a) of this Section, a school district that meets
33 all the criteria set forth in paragraphs (1) and (2) of this
34 subsection (d) may incur an additional indebtedness in an

 

 

09400SB0852sam001 - 5 - LRB094 04501 NHT 49943 a

1 amount not to exceed $4,500,000, even though the amount of the
2 additional indebtedness authorized by this subsection (d),
3 when incurred and added to the aggregate amount of indebtedness
4 of the district existing immediately prior to the district
5 incurring the additional indebtedness authorized by this
6 subsection (d), causes the aggregate indebtedness of the
7 district to exceed the debt limitation otherwise applicable to
8 that district under subsection (a):
9         (1) The additional indebtedness authorized by this
10     subsection (d) is incurred by the school district through
11     the issuance of bonds under and in accordance with Section
12     17-2.11a for the purpose of replacing a school building
13     which, because of mine subsidence damage, has been closed
14     as provided in paragraph (2) of this subsection (d) or
15     through the issuance of bonds under and in accordance with
16     Section 19-3 for the purpose of increasing the size of, or
17     providing for additional functions in, such replacement
18     school buildings, or both such purposes.
19         (2) The bonds issued by the school district as provided
20     in paragraph (1) above are issued for the purposes of
21     construction by the school district of a new school
22     building pursuant to Section 17-2.11, to replace an
23     existing school building that, because of mine subsidence
24     damage, is closed as of the end of the 1992-93 school year
25     pursuant to action of the regional superintendent of
26     schools of the educational service region in which the
27     district is located under Section 3-14.22 or are issued for
28     the purpose of increasing the size of, or providing for
29     additional functions in, the new school building being
30     constructed to replace a school building closed as the
31     result of mine subsidence damage, or both such purposes.
32     (e) Notwithstanding the debt limitation prescribed in
33 subsection (a) of this Section, a school district that meets
34 all the criteria set forth in paragraphs (1) through (5) of

 

 

09400SB0852sam001 - 6 - LRB094 04501 NHT 49943 a

1 this subsection (e) may, without referendum, incur an
2 additional indebtedness in an amount not to exceed the lesser
3 of $5,000,000 or 1.5% of the value of the taxable property
4 within the district even though the amount of the additional
5 indebtedness authorized by this subsection (e), when incurred
6 and added to the aggregate amount of indebtedness of the
7 district existing immediately prior to the district incurring
8 that additional indebtedness, causes the aggregate
9 indebtedness of the district to exceed or increases the amount
10 by which the aggregate indebtedness of the district already
11 exceeds the debt limitation otherwise applicable to that
12 district under subsection (a):
13         (1) The State Board of Education certifies the school
14     district under Section 19-1.5 as a financially distressed
15     district.
16         (2) The additional indebtedness authorized by this
17     subsection (e) is incurred by the financially distressed
18     district during the school year or school years in which
19     the certification of the district as a financially
20     distressed district continues in effect through the
21     issuance of bonds for the lawful school purposes of the
22     district, pursuant to resolution of the school board and
23     without referendum, as provided in paragraph (5) of this
24     subsection.
25         (3) The aggregate amount of bonds issued by the
26     financially distressed district during a fiscal year in
27     which it is authorized to issue bonds under this subsection
28     does not exceed the amount by which the aggregate
29     expenditures of the district for operational purposes
30     during the immediately preceding fiscal year exceeds the
31     amount appropriated for the operational purposes of the
32     district in the annual school budget adopted by the school
33     board of the district for the fiscal year in which the
34     bonds are issued.

 

 

09400SB0852sam001 - 7 - LRB094 04501 NHT 49943 a

1         (4) Throughout each fiscal year in which certification
2     of the district as a financially distressed district
3     continues in effect, the district maintains in effect a
4     gross salary expense and gross wage expense freeze policy
5     under which the district expenditures for total employee
6     salaries and wages do not exceed such expenditures for the
7     immediately preceding fiscal year. Nothing in this
8     paragraph, however, shall be deemed to impair or to require
9     impairment of the contractual obligations, including
10     collective bargaining agreements, of the district or to
11     impair or require the impairment of the vested rights of
12     any employee of the district under the terms of any
13     contract or agreement in effect on the effective date of
14     this amendatory Act of 1994.
15         (5) Bonds issued by the financially distressed
16     district under this subsection shall bear interest at a
17     rate not to exceed the maximum rate authorized by law at
18     the time of the making of the contract, shall mature within
19     40 years from their date of issue, and shall be signed by
20     the president of the school board and treasurer of the
21     school district. In order to issue bonds under this
22     subsection, the school board shall adopt a resolution
23     fixing the amount of the bonds, the date of the bonds, the
24     maturities of the bonds, the rates of interest of the
25     bonds, and their place of payment and denomination, and
26     shall provide for the levy and collection of a direct
27     annual tax upon all the taxable property in the district
28     sufficient to pay the principal and interest on the bonds
29     to maturity. Upon the filing in the office of the county
30     clerk of the county in which the financially distressed
31     district is located of a certified copy of the resolution,
32     it is the duty of the county clerk to extend the tax
33     therefor in addition to and in excess of all other taxes at
34     any time authorized to be levied by the district. If bond

 

 

09400SB0852sam001 - 8 - LRB094 04501 NHT 49943 a

1     proceeds from the sale of bonds include a premium or if the
2     proceeds of the bonds are invested as authorized by law,
3     the school board shall determine by resolution whether the
4     interest earned on the investment of bond proceeds or the
5     premium realized on the sale of the bonds is to be used for
6     any of the lawful school purposes for which the bonds were
7     issued or for the payment of the principal indebtedness and
8     interest on the bonds. The proceeds of the bond sale shall
9     be deposited in the educational purposes fund of the
10     district and shall be used to pay operational expenses of
11     the district. This subsection is cumulative and
12     constitutes complete authority for the issuance of bonds as
13     provided in this subsection, notwithstanding any other law
14     to the contrary.
15     (f) Notwithstanding the provisions of subsection (a) of
16 this Section or of any other law, bonds in not to exceed the
17 aggregate amount of $5,500,000 and issued by a school district
18 meeting the following criteria shall not be considered
19 indebtedness for purposes of any statutory limitation and may
20 be issued in an amount or amounts, including existing
21 indebtedness, in excess of any heretofore or hereafter imposed
22 statutory limitation as to indebtedness:
23         (1) At the time of the sale of such bonds, the board of
24     education of the district shall have determined by
25     resolution that the enrollment of students in the district
26     is projected to increase by not less than 7% during each of
27     the next succeeding 2 school years.
28         (2) The board of education shall also determine by
29     resolution that the improvements to be financed with the
30     proceeds of the bonds are needed because of the projected
31     enrollment increases.
32         (3) The board of education shall also determine by
33     resolution that the projected increases in enrollment are
34     the result of improvements made or expected to be made to

 

 

09400SB0852sam001 - 9 - LRB094 04501 NHT 49943 a

1     passenger rail facilities located in the school district.
2     Notwithstanding the provisions of subsection (a) of this
3 Section or of any other law, a school district that has availed
4 itself of the provisions of this subsection (f) prior to July
5 22, 2004 (the effective date of Public Act 93-799) this
6 amendatory Act of the 93rd General Assembly may also issue
7 bonds approved by referendum up to an amount, including
8 existing indebtedness, not exceeding 25% of the equalized
9 assessed value of the taxable property in the district if all
10 of the conditions set forth in items (1), (2), and (3) of this
11 subsection (f) are met.
12     (g) Notwithstanding the provisions of subsection (a) of
13 this Section or any other law, bonds in not to exceed an
14 aggregate amount of 25% of the equalized assessed value of the
15 taxable property of a school district and issued by a school
16 district meeting the criteria in paragraphs (i) through (iv) of
17 this subsection shall not be considered indebtedness for
18 purposes of any statutory limitation and may be issued pursuant
19 to resolution of the school board in an amount or amounts,
20 including existing indebtedness, in excess of any statutory
21 limitation of indebtedness heretofore or hereafter imposed:
22         (i) The bonds are issued for the purpose of
23     constructing a new high school building to replace two
24     adjacent existing buildings which together house a single
25     high school, each of which is more than 65 years old, and
26     which together are located on more than 10 acres and less
27     than 11 acres of property.
28         (ii) At the time the resolution authorizing the
29     issuance of the bonds is adopted, the cost of constructing
30     a new school building to replace the existing school
31     building is less than 60% of the cost of repairing the
32     existing school building.
33         (iii) The sale of the bonds occurs before July 1, 1997.
34         (iv) The school district issuing the bonds is a unit

 

 

09400SB0852sam001 - 10 - LRB094 04501 NHT 49943 a

1     school district located in a county of less than 70,000 and
2     more than 50,000 inhabitants, which has an average daily
3     attendance of less than 1,500 and an equalized assessed
4     valuation of less than $29,000,000.
5     (h) Notwithstanding any other provisions of this Section or
6 the provisions of any other law, until January 1, 1998, a
7 community unit school district maintaining grades K through 12
8 may issue bonds up to an amount, including existing
9 indebtedness, not exceeding 27.6% of the equalized assessed
10 value of the taxable property in the district, if all of the
11 following conditions are met:
12         (i) The school district has an equalized assessed
13     valuation for calendar year 1995 of less than $24,000,000;
14         (ii) The bonds are issued for the capital improvement,
15     renovation, rehabilitation, or replacement of existing
16     school buildings of the district, all of which buildings
17     were originally constructed not less than 40 years ago;
18         (iii) The voters of the district approve a proposition
19     for the issuance of the bonds at a referendum held after
20     March 19, 1996; and
21         (iv) The bonds are issued pursuant to Sections 19-2
22     through 19-7 of this Code.
23     (i) Notwithstanding any other provisions of this Section or
24 the provisions of any other law, until January 1, 1998, a
25 community unit school district maintaining grades K through 12
26 may issue bonds up to an amount, including existing
27 indebtedness, not exceeding 27% of the equalized assessed value
28 of the taxable property in the district, if all of the
29 following conditions are met:
30         (i) The school district has an equalized assessed
31     valuation for calendar year 1995 of less than $44,600,000;
32         (ii) The bonds are issued for the capital improvement,
33     renovation, rehabilitation, or replacement of existing
34     school buildings of the district, all of which existing

 

 

09400SB0852sam001 - 11 - LRB094 04501 NHT 49943 a

1     buildings were originally constructed not less than 80
2     years ago;
3         (iii) The voters of the district approve a proposition
4     for the issuance of the bonds at a referendum held after
5     December 31, 1996; and
6         (iv) The bonds are issued pursuant to Sections 19-2
7     through 19-7 of this Code.
8     (j) Notwithstanding any other provisions of this Section or
9 the provisions of any other law, until January 1, 1999, a
10 community unit school district maintaining grades K through 12
11 may issue bonds up to an amount, including existing
12 indebtedness, not exceeding 27% of the equalized assessed value
13 of the taxable property in the district if all of the following
14 conditions are met:
15         (i) The school district has an equalized assessed
16     valuation for calendar year 1995 of less than $140,000,000
17     and a best 3 months average daily attendance for the
18     1995-96 school year of at least 2,800;
19         (ii) The bonds are issued to purchase a site and build
20     and equip a new high school, and the school district's
21     existing high school was originally constructed not less
22     than 35 years prior to the sale of the bonds;
23         (iii) At the time of the sale of the bonds, the board
24     of education determines by resolution that a new high
25     school is needed because of projected enrollment
26     increases;
27         (iv) At least 60% of those voting in an election held
28     after December 31, 1996 approve a proposition for the
29     issuance of the bonds; and
30         (v) The bonds are issued pursuant to Sections 19-2
31     through 19-7 of this Code.
32     (k) Notwithstanding the debt limitation prescribed in
33 subsection (a) of this Section, a school district that meets
34 all the criteria set forth in paragraphs (1) through (4) of

 

 

09400SB0852sam001 - 12 - LRB094 04501 NHT 49943 a

1 this subsection (k) may issue bonds to incur an additional
2 indebtedness in an amount not to exceed $4,000,000 even though
3 the amount of the additional indebtedness authorized by this
4 subsection (k), when incurred and added to the aggregate amount
5 of indebtedness of the school district existing immediately
6 prior to the school district incurring such additional
7 indebtedness, causes the aggregate indebtedness of the school
8 district to exceed or increases the amount by which the
9 aggregate indebtedness of the district already exceeds the debt
10 limitation otherwise applicable to that school district under
11 subsection (a):
12         (1) the school district is located in 2 counties, and a
13     referendum to authorize the additional indebtedness was
14     approved by a majority of the voters of the school district
15     voting on the proposition to authorize that indebtedness;
16         (2) the additional indebtedness is for the purpose of
17     financing a multi-purpose room addition to the existing
18     high school;
19         (3) the additional indebtedness, together with the
20     existing indebtedness of the school district, shall not
21     exceed 17.4% of the value of the taxable property in the
22     school district, to be ascertained by the last assessment
23     for State and county taxes; and
24         (4) the bonds evidencing the additional indebtedness
25     are issued, if at all, within 120 days of the effective
26     date of this amendatory Act of 1998.
27     (l) Notwithstanding any other provisions of this Section or
28 the provisions of any other law, until January 1, 2000, a
29 school district maintaining grades kindergarten through 8 may
30 issue bonds up to an amount, including existing indebtedness,
31 not exceeding 15% of the equalized assessed value of the
32 taxable property in the district if all of the following
33 conditions are met:
34         (i) the district has an equalized assessed valuation

 

 

09400SB0852sam001 - 13 - LRB094 04501 NHT 49943 a

1     for calendar year 1996 of less than $10,000,000;
2         (ii) the bonds are issued for capital improvement,
3     renovation, rehabilitation, or replacement of one or more
4     school buildings of the district, which buildings were
5     originally constructed not less than 70 years ago;
6         (iii) the voters of the district approve a proposition
7     for the issuance of the bonds at a referendum held on or
8     after March 17, 1998; and
9         (iv) the bonds are issued pursuant to Sections 19-2
10     through 19-7 of this Code.
11     (m) Notwithstanding any other provisions of this Section or
12 the provisions of any other law, until January 1, 1999, an
13 elementary school district maintaining grades K through 8 may
14 issue bonds up to an amount, excluding existing indebtedness,
15 not exceeding 18% of the equalized assessed value of the
16 taxable property in the district, if all of the following
17 conditions are met:
18         (i) The school district has an equalized assessed
19     valuation for calendar year 1995 or less than $7,700,000;
20         (ii) The school district operates 2 elementary
21     attendance centers that until 1976 were operated as the
22     attendance centers of 2 separate and distinct school
23     districts;
24         (iii) The bonds are issued for the construction of a
25     new elementary school building to replace an existing
26     multi-level elementary school building of the school
27     district that is not handicapped accessible at all levels
28     and parts of which were constructed more than 75 years ago;
29         (iv) The voters of the school district approve a
30     proposition for the issuance of the bonds at a referendum
31     held after July 1, 1998; and
32         (v) The bonds are issued pursuant to Sections 19-2
33     through 19-7 of this Code.
34     (n) Notwithstanding the debt limitation prescribed in

 

 

09400SB0852sam001 - 14 - LRB094 04501 NHT 49943 a

1 subsection (a) of this Section or any other provisions of this
2 Section or of any other law, a school district that meets all
3 of the criteria set forth in paragraphs (i) through (vi) of
4 this subsection (n) may incur additional indebtedness by the
5 issuance of bonds in an amount not exceeding the amount
6 certified by the Capital Development Board to the school
7 district as provided in paragraph (iii) of this subsection (n),
8 even though the amount of the additional indebtedness so
9 authorized, when incurred and added to the aggregate amount of
10 indebtedness of the district existing immediately prior to the
11 district incurring the additional indebtedness authorized by
12 this subsection (n), causes the aggregate indebtedness of the
13 district to exceed the debt limitation otherwise applicable by
14 law to that district:
15         (i) The school district applies to the State Board of
16     Education for a school construction project grant and
17     submits a district facilities plan in support of its
18     application pursuant to Section 5-20 of the School
19     Construction Law.
20         (ii) The school district's application and facilities
21     plan are approved by, and the district receives a grant
22     entitlement for a school construction project issued by,
23     the State Board of Education under the School Construction
24     Law.
25         (iii) The school district has exhausted its bonding
26     capacity or the unused bonding capacity of the district is
27     less than the amount certified by the Capital Development
28     Board to the district under Section 5-15 of the School
29     Construction Law as the dollar amount of the school
30     construction project's cost that the district will be
31     required to finance with non-grant funds in order to
32     receive a school construction project grant under the
33     School Construction Law.
34         (iv) The bonds are issued for a "school construction

 

 

09400SB0852sam001 - 15 - LRB094 04501 NHT 49943 a

1     project", as that term is defined in Section 5-5 of the
2     School Construction Law, in an amount that does not exceed
3     the dollar amount certified, as provided in paragraph (iii)
4     of this subsection (n), by the Capital Development Board to
5     the school district under Section 5-15 of the School
6     Construction Law.
7         (v) The voters of the district approve a proposition
8     for the issuance of the bonds at a referendum held after
9     the criteria specified in paragraphs (i) and (iii) of this
10     subsection (n) are met.
11         (vi) The bonds are issued pursuant to Sections 19-2
12     through 19-7 of the School Code.
13     (o) Notwithstanding any other provisions of this Section or
14 the provisions of any other law, until November 1, 2007, a
15 community unit school district maintaining grades K through 12
16 may issue bonds up to an amount, including existing
17 indebtedness, not exceeding 20% of the equalized assessed value
18 of the taxable property in the district if all of the following
19 conditions are met:
20         (i) the school district has an equalized assessed
21     valuation for calendar year 2001 of at least $737,000,000
22     and an enrollment for the 2002-2003 school year of at least
23     8,500;
24         (ii) the bonds are issued to purchase school sites,
25     build and equip a new high school, build and equip a new
26     junior high school, build and equip 5 new elementary
27     schools, and make technology and other improvements and
28     additions to existing schools;
29         (iii) at the time of the sale of the bonds, the board
30     of education determines by resolution that the sites and
31     new or improved facilities are needed because of projected
32     enrollment increases;
33         (iv) at least 57% of those voting in a general election
34     held prior to January 1, 2003 approved a proposition for

 

 

09400SB0852sam001 - 16 - LRB094 04501 NHT 49943 a

1     the issuance of the bonds; and
2         (v) the bonds are issued pursuant to Sections 19-2
3     through 19-7 of this Code.
4     (p) Notwithstanding any other provisions of this Section or
5 the provisions of any other law, a community unit school
6 district maintaining grades K through 12 may issue bonds up to
7 an amount, including indebtedness, not exceeding 27% of the
8 equalized assessed value of the taxable property in the
9 district if all of the following conditions are met:
10         (i) The school district has an equalized assessed
11     valuation for calendar year 2001 of at least $295,741,187
12     and a best 3 months' average daily attendance for the
13     2002-2003 school year of at least 2,394.
14         (ii) The bonds are issued to build and equip 3
15     elementary school buildings; build and equip one middle
16     school building; and alter, repair, improve, and equip all
17     existing school buildings in the district.
18         (iii) At the time of the sale of the bonds, the board
19     of education determines by resolution that the project is
20     needed because of expanding growth in the school district
21     and a projected enrollment increase.
22         (iv) The bonds are issued pursuant to Sections 19-2
23     through 19-7 of this Code.
24     (p-5) Notwithstanding any other provisions of this Section
25 or the provisions of any other law, bonds issued by a community
26 unit school district maintaining grades K through 12 shall not
27 be considered indebtedness for purposes of any statutory
28 limitation and may be issued in an amount or amounts, including
29 existing indebtedness, in excess of any heretofore or hereafter
30 imposed statutory limitation as to indebtedness, if all of the
31 following conditions are met:
32         (i) For each of the 4 most recent years, residential
33     property comprises more than 80% of the equalized assessed
34     valuation of the district.

 

 

09400SB0852sam001 - 17 - LRB094 04501 NHT 49943 a

1         (ii) At least 2 school buildings that were constructed
2     40 or more years prior to the issuance of the bonds will be
3     demolished and will be replaced by new buildings or
4     additions to one or more existing buildings.
5         (iii) Voters of the district approve a proposition for
6     the issuance of the bonds at a regularly scheduled
7     election.
8         (iv) At the time of the sale of the bonds, the school
9     board determines by resolution that the new buildings or
10     building additions are needed because of an increase in
11     enrollment projected by the school board.
12         (v) The principal amount of the bonds, including
13     existing indebtedness, does not exceed 25% of the equalized
14     assessed value of the taxable property in the district.
15         (vi) The bonds are issued prior to January 1, 2007,
16     pursuant to Sections 19-2 through 19-7 of this Code.
17 (Source: P.A. 93-13, eff. 6-9-03; 93-799, eff. 7-22-04;
18 93-1045, eff. 10-15-04; revised 10-22-04.)
 
19     (Text of Section after amendment by P.A. 94-234)
20     Sec. 19-1. Debt limitations of school districts.
21     (a) School districts shall not be subject to the provisions
22 limiting their indebtedness prescribed in "An Act to limit the
23 indebtedness of counties having a population of less than
24 500,000 and townships, school districts and other municipal
25 corporations having a population of less than 300,000",
26 approved February 15, 1928, as amended.
27     No school districts maintaining grades K through 8 or 9
28 through 12 shall become indebted in any manner or for any
29 purpose to an amount, including existing indebtedness, in the
30 aggregate exceeding 6.9% on the value of the taxable property
31 therein to be ascertained by the last assessment for State and
32 county taxes or, until January 1, 1983, if greater, the sum
33 that is produced by multiplying the school district's 1978

 

 

09400SB0852sam001 - 18 - LRB094 04501 NHT 49943 a

1 equalized assessed valuation by the debt limitation percentage
2 in effect on January 1, 1979, previous to the incurring of such
3 indebtedness.
4     No school districts maintaining grades K through 12 shall
5 become indebted in any manner or for any purpose to an amount,
6 including existing indebtedness, in the aggregate exceeding
7 13.8% on the value of the taxable property therein to be
8 ascertained by the last assessment for State and county taxes
9 or, until January 1, 1983, if greater, the sum that is produced
10 by multiplying the school district's 1978 equalized assessed
11 valuation by the debt limitation percentage in effect on
12 January 1, 1979, previous to the incurring of such
13 indebtedness.
14     Notwithstanding the provisions of any other law to the
15 contrary, in any case in which the voters of a school district
16 have approved a proposition for the issuance of bonds of such
17 school district at an election held prior to January 1, 1979,
18 and all of the bonds approved at such election have not been
19 issued, the debt limitation applicable to such school district
20 during the calendar year 1979 shall be computed by multiplying
21 the value of taxable property therein, including personal
22 property, as ascertained by the last assessment for State and
23 county taxes, previous to the incurring of such indebtedness,
24 by the percentage limitation applicable to such school district
25 under the provisions of this subsection (a).
26     (b) Notwithstanding the debt limitation prescribed in
27 subsection (a) of this Section, additional indebtedness may be
28 incurred in an amount not to exceed the estimated cost of
29 acquiring or improving school sites or constructing and
30 equipping additional building facilities under the following
31 conditions:
32         (1) Whenever the enrollment of students for the next
33     school year is estimated by the board of education to
34     increase over the actual present enrollment by not less

 

 

09400SB0852sam001 - 19 - LRB094 04501 NHT 49943 a

1     than 35% or by not less than 200 students or the actual
2     present enrollment of students has increased over the
3     previous school year by not less than 35% or by not less
4     than 200 students and the board of education determines
5     that additional school sites or building facilities are
6     required as a result of such increase in enrollment; and
7         (2) When the Regional Superintendent of Schools having
8     jurisdiction over the school district and the State
9     Superintendent of Education concur in such enrollment
10     projection or increase and approve the need for such
11     additional school sites or building facilities and the
12     estimated cost thereof; and
13         (3) When the voters in the school district approve a
14     proposition for the issuance of bonds for the purpose of
15     acquiring or improving such needed school sites or
16     constructing and equipping such needed additional building
17     facilities at an election called and held for that purpose.
18     Notice of such an election shall state that the amount of
19     indebtedness proposed to be incurred would exceed the debt
20     limitation otherwise applicable to the school district.
21     The ballot for such proposition shall state what percentage
22     of the equalized assessed valuation will be outstanding in
23     bonds if the proposed issuance of bonds is approved by the
24     voters; or
25         (4) Notwithstanding the provisions of paragraphs (1)
26     through (3) of this subsection (b), if the school board
27     determines that additional facilities are needed to
28     provide a quality educational program and not less than 2/3
29     of those voting in an election called by the school board
30     on the question approve the issuance of bonds for the
31     construction of such facilities, the school district may
32     issue bonds for this purpose; or
33         (5) Notwithstanding the provisions of paragraphs (1)
34     through (3) of this subsection (b), if (i) the school

 

 

09400SB0852sam001 - 20 - LRB094 04501 NHT 49943 a

1     district has previously availed itself of the provisions of
2     paragraph (4) of this subsection (b) to enable it to issue
3     bonds, (ii) the voters of the school district have not
4     defeated a proposition for the issuance of bonds since the
5     referendum described in paragraph (4) of this subsection
6     (b) was held, (iii) the school board determines that
7     additional facilities are needed to provide a quality
8     educational program, and (iv) a majority of those voting in
9     an election called by the school board on the question
10     approve the issuance of bonds for the construction of such
11     facilities, the school district may issue bonds for this
12     purpose.
13     In no event shall the indebtedness incurred pursuant to
14 this subsection (b) and the existing indebtedness of the school
15 district exceed 15% of the value of the taxable property
16 therein to be ascertained by the last assessment for State and
17 county taxes, previous to the incurring of such indebtedness
18 or, until January 1, 1983, if greater, the sum that is produced
19 by multiplying the school district's 1978 equalized assessed
20 valuation by the debt limitation percentage in effect on
21 January 1, 1979.
22     The indebtedness provided for by this subsection (b) shall
23 be in addition to and in excess of any other debt limitation.
24     (c) Notwithstanding the debt limitation prescribed in
25 subsection (a) of this Section, in any case in which a public
26 question for the issuance of bonds of a proposed school
27 district maintaining grades kindergarten through 12 received
28 at least 60% of the valid ballots cast on the question at an
29 election held on or prior to November 8, 1994, and in which the
30 bonds approved at such election have not been issued, the
31 school district pursuant to the requirements of Section 11A-10
32 may issue the total amount of bonds approved at such election
33 for the purpose stated in the question.
34     (d) Notwithstanding the debt limitation prescribed in

 

 

09400SB0852sam001 - 21 - LRB094 04501 NHT 49943 a

1 subsection (a) of this Section, a school district that meets
2 all the criteria set forth in paragraphs (1) and (2) of this
3 subsection (d) may incur an additional indebtedness in an
4 amount not to exceed $4,500,000, even though the amount of the
5 additional indebtedness authorized by this subsection (d),
6 when incurred and added to the aggregate amount of indebtedness
7 of the district existing immediately prior to the district
8 incurring the additional indebtedness authorized by this
9 subsection (d), causes the aggregate indebtedness of the
10 district to exceed the debt limitation otherwise applicable to
11 that district under subsection (a):
12         (1) The additional indebtedness authorized by this
13     subsection (d) is incurred by the school district through
14     the issuance of bonds under and in accordance with Section
15     17-2.11a for the purpose of replacing a school building
16     which, because of mine subsidence damage, has been closed
17     as provided in paragraph (2) of this subsection (d) or
18     through the issuance of bonds under and in accordance with
19     Section 19-3 for the purpose of increasing the size of, or
20     providing for additional functions in, such replacement
21     school buildings, or both such purposes.
22         (2) The bonds issued by the school district as provided
23     in paragraph (1) above are issued for the purposes of
24     construction by the school district of a new school
25     building pursuant to Section 17-2.11, to replace an
26     existing school building that, because of mine subsidence
27     damage, is closed as of the end of the 1992-93 school year
28     pursuant to action of the regional superintendent of
29     schools of the educational service region in which the
30     district is located under Section 3-14.22 or are issued for
31     the purpose of increasing the size of, or providing for
32     additional functions in, the new school building being
33     constructed to replace a school building closed as the
34     result of mine subsidence damage, or both such purposes.

 

 

09400SB0852sam001 - 22 - LRB094 04501 NHT 49943 a

1     (e) (Blank).
2     (f) Notwithstanding the provisions of subsection (a) of
3 this Section or of any other law, bonds in not to exceed the
4 aggregate amount of $5,500,000 and issued by a school district
5 meeting the following criteria shall not be considered
6 indebtedness for purposes of any statutory limitation and may
7 be issued in an amount or amounts, including existing
8 indebtedness, in excess of any heretofore or hereafter imposed
9 statutory limitation as to indebtedness:
10         (1) At the time of the sale of such bonds, the board of
11     education of the district shall have determined by
12     resolution that the enrollment of students in the district
13     is projected to increase by not less than 7% during each of
14     the next succeeding 2 school years.
15         (2) The board of education shall also determine by
16     resolution that the improvements to be financed with the
17     proceeds of the bonds are needed because of the projected
18     enrollment increases.
19         (3) The board of education shall also determine by
20     resolution that the projected increases in enrollment are
21     the result of improvements made or expected to be made to
22     passenger rail facilities located in the school district.
23     Notwithstanding the provisions of subsection (a) of this
24 Section or of any other law, a school district that has availed
25 itself of the provisions of this subsection (f) prior to July
26 22, 2004 (the effective date of Public Act 93-799) may also
27 issue bonds approved by referendum up to an amount, including
28 existing indebtedness, not exceeding 25% of the equalized
29 assessed value of the taxable property in the district if all
30 of the conditions set forth in items (1), (2), and (3) of this
31 subsection (f) are met.
32     (g) Notwithstanding the provisions of subsection (a) of
33 this Section or any other law, bonds in not to exceed an
34 aggregate amount of 25% of the equalized assessed value of the

 

 

09400SB0852sam001 - 23 - LRB094 04501 NHT 49943 a

1 taxable property of a school district and issued by a school
2 district meeting the criteria in paragraphs (i) through (iv) of
3 this subsection shall not be considered indebtedness for
4 purposes of any statutory limitation and may be issued pursuant
5 to resolution of the school board in an amount or amounts,
6 including existing indebtedness, in excess of any statutory
7 limitation of indebtedness heretofore or hereafter imposed:
8         (i) The bonds are issued for the purpose of
9     constructing a new high school building to replace two
10     adjacent existing buildings which together house a single
11     high school, each of which is more than 65 years old, and
12     which together are located on more than 10 acres and less
13     than 11 acres of property.
14         (ii) At the time the resolution authorizing the
15     issuance of the bonds is adopted, the cost of constructing
16     a new school building to replace the existing school
17     building is less than 60% of the cost of repairing the
18     existing school building.
19         (iii) The sale of the bonds occurs before July 1, 1997.
20         (iv) The school district issuing the bonds is a unit
21     school district located in a county of less than 70,000 and
22     more than 50,000 inhabitants, which has an average daily
23     attendance of less than 1,500 and an equalized assessed
24     valuation of less than $29,000,000.
25     (h) Notwithstanding any other provisions of this Section or
26 the provisions of any other law, until January 1, 1998, a
27 community unit school district maintaining grades K through 12
28 may issue bonds up to an amount, including existing
29 indebtedness, not exceeding 27.6% of the equalized assessed
30 value of the taxable property in the district, if all of the
31 following conditions are met:
32         (i) The school district has an equalized assessed
33     valuation for calendar year 1995 of less than $24,000,000;
34         (ii) The bonds are issued for the capital improvement,

 

 

09400SB0852sam001 - 24 - LRB094 04501 NHT 49943 a

1     renovation, rehabilitation, or replacement of existing
2     school buildings of the district, all of which buildings
3     were originally constructed not less than 40 years ago;
4         (iii) The voters of the district approve a proposition
5     for the issuance of the bonds at a referendum held after
6     March 19, 1996; and
7         (iv) The bonds are issued pursuant to Sections 19-2
8     through 19-7 of this Code.
9     (i) Notwithstanding any other provisions of this Section or
10 the provisions of any other law, until January 1, 1998, a
11 community unit school district maintaining grades K through 12
12 may issue bonds up to an amount, including existing
13 indebtedness, not exceeding 27% of the equalized assessed value
14 of the taxable property in the district, if all of the
15 following conditions are met:
16         (i) The school district has an equalized assessed
17     valuation for calendar year 1995 of less than $44,600,000;
18         (ii) The bonds are issued for the capital improvement,
19     renovation, rehabilitation, or replacement of existing
20     school buildings of the district, all of which existing
21     buildings were originally constructed not less than 80
22     years ago;
23         (iii) The voters of the district approve a proposition
24     for the issuance of the bonds at a referendum held after
25     December 31, 1996; and
26         (iv) The bonds are issued pursuant to Sections 19-2
27     through 19-7 of this Code.
28     (j) Notwithstanding any other provisions of this Section or
29 the provisions of any other law, until January 1, 1999, a
30 community unit school district maintaining grades K through 12
31 may issue bonds up to an amount, including existing
32 indebtedness, not exceeding 27% of the equalized assessed value
33 of the taxable property in the district if all of the following
34 conditions are met:

 

 

09400SB0852sam001 - 25 - LRB094 04501 NHT 49943 a

1         (i) The school district has an equalized assessed
2     valuation for calendar year 1995 of less than $140,000,000
3     and a best 3 months average daily attendance for the
4     1995-96 school year of at least 2,800;
5         (ii) The bonds are issued to purchase a site and build
6     and equip a new high school, and the school district's
7     existing high school was originally constructed not less
8     than 35 years prior to the sale of the bonds;
9         (iii) At the time of the sale of the bonds, the board
10     of education determines by resolution that a new high
11     school is needed because of projected enrollment
12     increases;
13         (iv) At least 60% of those voting in an election held
14     after December 31, 1996 approve a proposition for the
15     issuance of the bonds; and
16         (v) The bonds are issued pursuant to Sections 19-2
17     through 19-7 of this Code.
18     (k) Notwithstanding the debt limitation prescribed in
19 subsection (a) of this Section, a school district that meets
20 all the criteria set forth in paragraphs (1) through (4) of
21 this subsection (k) may issue bonds to incur an additional
22 indebtedness in an amount not to exceed $4,000,000 even though
23 the amount of the additional indebtedness authorized by this
24 subsection (k), when incurred and added to the aggregate amount
25 of indebtedness of the school district existing immediately
26 prior to the school district incurring such additional
27 indebtedness, causes the aggregate indebtedness of the school
28 district to exceed or increases the amount by which the
29 aggregate indebtedness of the district already exceeds the debt
30 limitation otherwise applicable to that school district under
31 subsection (a):
32         (1) the school district is located in 2 counties, and a
33     referendum to authorize the additional indebtedness was
34     approved by a majority of the voters of the school district

 

 

09400SB0852sam001 - 26 - LRB094 04501 NHT 49943 a

1     voting on the proposition to authorize that indebtedness;
2         (2) the additional indebtedness is for the purpose of
3     financing a multi-purpose room addition to the existing
4     high school;
5         (3) the additional indebtedness, together with the
6     existing indebtedness of the school district, shall not
7     exceed 17.4% of the value of the taxable property in the
8     school district, to be ascertained by the last assessment
9     for State and county taxes; and
10         (4) the bonds evidencing the additional indebtedness
11     are issued, if at all, within 120 days of the effective
12     date of this amendatory Act of 1998.
13     (l) Notwithstanding any other provisions of this Section or
14 the provisions of any other law, until January 1, 2000, a
15 school district maintaining grades kindergarten through 8 may
16 issue bonds up to an amount, including existing indebtedness,
17 not exceeding 15% of the equalized assessed value of the
18 taxable property in the district if all of the following
19 conditions are met:
20         (i) the district has an equalized assessed valuation
21     for calendar year 1996 of less than $10,000,000;
22         (ii) the bonds are issued for capital improvement,
23     renovation, rehabilitation, or replacement of one or more
24     school buildings of the district, which buildings were
25     originally constructed not less than 70 years ago;
26         (iii) the voters of the district approve a proposition
27     for the issuance of the bonds at a referendum held on or
28     after March 17, 1998; and
29         (iv) the bonds are issued pursuant to Sections 19-2
30     through 19-7 of this Code.
31     (m) Notwithstanding any other provisions of this Section or
32 the provisions of any other law, until January 1, 1999, an
33 elementary school district maintaining grades K through 8 may
34 issue bonds up to an amount, excluding existing indebtedness,

 

 

09400SB0852sam001 - 27 - LRB094 04501 NHT 49943 a

1 not exceeding 18% of the equalized assessed value of the
2 taxable property in the district, if all of the following
3 conditions are met:
4         (i) The school district has an equalized assessed
5     valuation for calendar year 1995 or less than $7,700,000;
6         (ii) The school district operates 2 elementary
7     attendance centers that until 1976 were operated as the
8     attendance centers of 2 separate and distinct school
9     districts;
10         (iii) The bonds are issued for the construction of a
11     new elementary school building to replace an existing
12     multi-level elementary school building of the school
13     district that is not handicapped accessible at all levels
14     and parts of which were constructed more than 75 years ago;
15         (iv) The voters of the school district approve a
16     proposition for the issuance of the bonds at a referendum
17     held after July 1, 1998; and
18         (v) The bonds are issued pursuant to Sections 19-2
19     through 19-7 of this Code.
20     (n) Notwithstanding the debt limitation prescribed in
21 subsection (a) of this Section or any other provisions of this
22 Section or of any other law, a school district that meets all
23 of the criteria set forth in paragraphs (i) through (vi) of
24 this subsection (n) may incur additional indebtedness by the
25 issuance of bonds in an amount not exceeding the amount
26 certified by the Capital Development Board to the school
27 district as provided in paragraph (iii) of this subsection (n),
28 even though the amount of the additional indebtedness so
29 authorized, when incurred and added to the aggregate amount of
30 indebtedness of the district existing immediately prior to the
31 district incurring the additional indebtedness authorized by
32 this subsection (n), causes the aggregate indebtedness of the
33 district to exceed the debt limitation otherwise applicable by
34 law to that district:

 

 

09400SB0852sam001 - 28 - LRB094 04501 NHT 49943 a

1         (i) The school district applies to the State Board of
2     Education for a school construction project grant and
3     submits a district facilities plan in support of its
4     application pursuant to Section 5-20 of the School
5     Construction Law.
6         (ii) The school district's application and facilities
7     plan are approved by, and the district receives a grant
8     entitlement for a school construction project issued by,
9     the State Board of Education under the School Construction
10     Law.
11         (iii) The school district has exhausted its bonding
12     capacity or the unused bonding capacity of the district is
13     less than the amount certified by the Capital Development
14     Board to the district under Section 5-15 of the School
15     Construction Law as the dollar amount of the school
16     construction project's cost that the district will be
17     required to finance with non-grant funds in order to
18     receive a school construction project grant under the
19     School Construction Law.
20         (iv) The bonds are issued for a "school construction
21     project", as that term is defined in Section 5-5 of the
22     School Construction Law, in an amount that does not exceed
23     the dollar amount certified, as provided in paragraph (iii)
24     of this subsection (n), by the Capital Development Board to
25     the school district under Section 5-15 of the School
26     Construction Law.
27         (v) The voters of the district approve a proposition
28     for the issuance of the bonds at a referendum held after
29     the criteria specified in paragraphs (i) and (iii) of this
30     subsection (n) are met.
31         (vi) The bonds are issued pursuant to Sections 19-2
32     through 19-7 of the School Code.
33     (o) Notwithstanding any other provisions of this Section or
34 the provisions of any other law, until November 1, 2007, a

 

 

09400SB0852sam001 - 29 - LRB094 04501 NHT 49943 a

1 community unit school district maintaining grades K through 12
2 may issue bonds up to an amount, including existing
3 indebtedness, not exceeding 20% of the equalized assessed value
4 of the taxable property in the district if all of the following
5 conditions are met:
6         (i) the school district has an equalized assessed
7     valuation for calendar year 2001 of at least $737,000,000
8     and an enrollment for the 2002-2003 school year of at least
9     8,500;
10         (ii) the bonds are issued to purchase school sites,
11     build and equip a new high school, build and equip a new
12     junior high school, build and equip 5 new elementary
13     schools, and make technology and other improvements and
14     additions to existing schools;
15         (iii) at the time of the sale of the bonds, the board
16     of education determines by resolution that the sites and
17     new or improved facilities are needed because of projected
18     enrollment increases;
19         (iv) at least 57% of those voting in a general election
20     held prior to January 1, 2003 approved a proposition for
21     the issuance of the bonds; and
22         (v) the bonds are issued pursuant to Sections 19-2
23     through 19-7 of this Code.
24     (p) Notwithstanding any other provisions of this Section or
25 the provisions of any other law, a community unit school
26 district maintaining grades K through 12 may issue bonds up to
27 an amount, including indebtedness, not exceeding 27% of the
28 equalized assessed value of the taxable property in the
29 district if all of the following conditions are met:
30         (i) The school district has an equalized assessed
31     valuation for calendar year 2001 of at least $295,741,187
32     and a best 3 months' average daily attendance for the
33     2002-2003 school year of at least 2,394.
34         (ii) The bonds are issued to build and equip 3

 

 

09400SB0852sam001 - 30 - LRB094 04501 NHT 49943 a

1     elementary school buildings; build and equip one middle
2     school building; and alter, repair, improve, and equip all
3     existing school buildings in the district.
4         (iii) At the time of the sale of the bonds, the board
5     of education determines by resolution that the project is
6     needed because of expanding growth in the school district
7     and a projected enrollment increase.
8         (iv) The bonds are issued pursuant to Sections 19-2
9     through 19-7 of this Code.
10     (p-5) Notwithstanding any other provisions of this Section
11 or the provisions of any other law, bonds issued by a community
12 unit school district maintaining grades K through 12 shall not
13 be considered indebtedness for purposes of any statutory
14 limitation and may be issued in an amount or amounts, including
15 existing indebtedness, in excess of any heretofore or hereafter
16 imposed statutory limitation as to indebtedness, if all of the
17 following conditions are met:
18         (i) For each of the 4 most recent years, residential
19     property comprises more than 80% of the equalized assessed
20     valuation of the district.
21         (ii) At least 2 school buildings that were constructed
22     40 or more years prior to the issuance of the bonds will be
23     demolished and will be replaced by new buildings or
24     additions to one or more existing buildings.
25         (iii) Voters of the district approve a proposition for
26     the issuance of the bonds at a regularly scheduled
27     election.
28         (iv) At the time of the sale of the bonds, the school
29     board determines by resolution that the new buildings or
30     building additions are needed because of an increase in
31     enrollment projected by the school board.
32         (v) The principal amount of the bonds, including
33     existing indebtedness, does not exceed 25% of the equalized
34     assessed value of the taxable property in the district.

 

 

09400SB0852sam001 - 31 - LRB094 04501 NHT 49943 a

1         (vi) The bonds are issued prior to January 1, 2007,
2     pursuant to Sections 19-2 through 19-7 of this Code.
3     (q) A school district must notify the State Board of
4 Education prior to issuing any form of long-term or short-term
5 debt that will result in outstanding debt that exceeds 75% of
6 the debt limit specified in this Section or any other provision
7 of law.
8 (Source: P.A. 93-13, eff. 6-9-03; 93-799, eff. 7-22-04;
9 93-1045, eff. 10-15-04; 94-234, eff. 7-1-06.)
 
10     Section 95. No acceleration or delay. Where this Act makes
11 changes in a statute that is represented in this Act by text
12 that is not yet or no longer in effect (for example, a Section
13 represented by multiple versions), the use of that text does
14 not accelerate or delay the taking effect of (i) the changes
15 made by this Act or (ii) provisions derived from any other
16 Public Act.
 
17     Section 99. Effective date. This Act takes effect upon
18 becoming law.".