90th General Assembly
Status of HB2303
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LINDNER.

   20 ILCS 3105/1A-1.01 new                                                    
   30 ILCS 105/5.449 new                                                       
   30 ILCS 330/2             from Ch. 127, par. 652                            
   30 ILCS 330/5             from Ch. 127, par. 655                            
   30 ILCS 330/12            from Ch. 127, par. 662                            

        Amends the Capital Development Board Act to  provide  for  school      
   construction  grants  to  be  made  to  school  districts  from  funds      
   appropriated  from  the School Improvement Bond Fund, on a one-half to      
   one-fifth matching grant basis, by region, over  at  least  a  10-year      
   period.   Amends  the  General  Obligation  Bond  Act  to increase the      
   State's bonding authority by $3,000,000,000  for  school  construction      
   grants.    Provides that the proceeds from the sale of the bonds shall      
   be deposited into the School Improvement Bond Fund.  Amends the  State      
   Finance Act to create the School Improvement Bond Fund. Effective July      
   1, 1998.                                                                    
          STATE DEBT NOTE                                                      
          HB 2303 would increase:                                              
           General obligation principal by                $3,000 billion       
           Potential general obligation debt by           $5,591 billion       
           Annual debt service payments by                $223.7 billion       
   97-10-02  H  FILED WITH CLERK                                               
   97-10-16  H  FIRST READING                                                  
   97-10-16  H  REFERRED TO HOUSE RULES COMMITTEE        RULES                 
   97-10-17  H       ASSIGNED TO COMMITTEE               APP-GEN SERVS         
   97-10-27  H  STATE DEBT IMPACT NOTE FILED                                   
   97-10-27  H                   COMMITTEE               APP-GEN SERVS         
   98-01-02  H  RE-REFERRED TO RULES COMM/RULE 19(B)     RULES         HRUL    
   99-01-12  H  SESSION SINE DIE                                               

   END OF INQUIRY 



 Full Text  Bill Summary