House Sponsors: YOUNGE-BEAUBIEN. Senate Sponsors: CLAYBORNE Short description: SCH CONSTRUCTION-BOND CAPACITY Synopsis of Bill as introduced: Amends the School Construction Law and the School Code. Requires the State Board of Education to certify to a school district that has been issued a grant entitlement for a school construction project the amount of the project cost that the district will be required to finance with non-grant funds. Authorizes such a district, if it has no unused bonding capacity or if its remaining bonding capacity is less than the amount certified by the State Board of Education, to by referendum incur additional indebtedness by the issuance of school construction project bonds in an amount not exceeding the project cost that the district must finance with non-grant funds. Makes other related changes. Effective immediately. FISCAL NOTE (State Board of Education) This bill would not result in additional spending. STATE MANDATES NOTE (State Board of Education) Same as SBE fiscal note. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status