State of Illinois
90th General Assembly

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[ Introduced ]


      105 ILCS 230/5-50
          Amends the School  Construction  Law.   Provides  that  a
      school district that has passed a referendum after January 1,
      1996  for  the  issuance of bonds for school construction but
      that has not yet issued the bonds remains eligible to receive
      a grant entitlement from the State Board of Education  for  a
      school  construction  project  grant without resubmitting the
      project  or  its  financing   to   referendum.      Effective
HB3330 Engrossed                               LRB9008893THpk
 1        AN  ACT  to amend the School Construction Law by changing
 2    Section 5-50.
 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:
 5        Section  5.   The  School  Construction Law is amended by
 6    changing Section 5-50 as follows:
 7        (105 ILCS 230/5-50)
 8        Sec. 5-50.  Referendum  requirements.   After  the  State
 9    Board  of  Education has approved all or part of a district's
10    application and issued  a  grant  entitlement  for  a  school
11    construction  project  grant,  the  district shall submit the
12    project or the financing of the project to a referendum  when
13    such  referendum is required by law, provided that a district
14    that has passed a referendum after January 1, 1996, but  that
15    has not yet issued the bonds authorized by the referendum may
16    receive a grant entitlement without re-submitting the project
17    or financing to referendum.
18    (Source: P.A. 90-548, eff. 1-1-98.)
19        Section  99.  Effective date.  This Act takes effect upon
20    becoming law.

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