Public Act 099-0735
 
SB2469 EnrolledLRB099 18264 NHT 42634 b

    AN ACT concerning education.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Local Library Act is amended by
adding Section 5-2.5 as follows:
 
    (75 ILCS 5/5-2.5 new)
    Sec. 5-2.5. Bonds as indebtedness. Notwithstanding any
provision of law to the contrary:
    (a) Any bonds issued under Section 5-2 of this Act shall
not be considered indebtedness under any law including, but not
limited to, Section 8-5-1 of the Illinois Municipal Code, and
such bonds may be issued, regardless of any limitations on
indebtedness in law, if the conditions of subsection (b) are
met.
    (b) Bonds shall not be considered indebtedness and may be
issued regardless of any limitations on indebtedness under
subsection (a) if:
        (1) the bond or bonds are issued after approval by
    voters at a regularly scheduled election;
        (2) the bond or bonds do not exceed a principal amount
    of $11,000,000 in the aggregate;
        (3) on or before the date of sale of the bond or bonds,
    the board of trustees of the public library and the
    corporate authorities determine, by ordinance or
    resolution, that the library project funded by the bond or
    bonds is needed; and
        (4) the bond or bonds are issued prior to November 1,
    2020.
 
    Section 10. The School Code is amended by changing Sections
19-1 and 19-3 as follows:
 
    (105 ILCS 5/19-1)
    Sec. 19-1. Debt limitations of school districts.
    (a) School districts shall not be subject to the provisions
limiting their indebtedness prescribed in the Local Government
Debt Limitation Act "An Act to limit the indebtedness of
counties having a population of less than 500,000 and
townships, school districts and other municipal corporations
having a population of less than 300,000", approved February
15, 1928, as amended.
    No school districts maintaining grades K through 8 or 9
through 12 shall become indebted in any manner or for any
purpose to an amount, including existing indebtedness, in the
aggregate exceeding 6.9% on the value of the taxable property
therein to be ascertained by the last assessment for State and
county taxes or, until January 1, 1983, if greater, the sum
that is produced by multiplying the school district's 1978
equalized assessed valuation by the debt limitation percentage
in effect on January 1, 1979, previous to the incurring of such
indebtedness.
    No school districts maintaining grades K through 12 shall
become indebted in any manner or for any purpose to an amount,
including existing indebtedness, in the aggregate exceeding
13.8% on the value of the taxable property therein to be
ascertained by the last assessment for State and county taxes
or, until January 1, 1983, if greater, the sum that is produced
by multiplying the school district's 1978 equalized assessed
valuation by the debt limitation percentage in effect on
January 1, 1979, previous to the incurring of such
indebtedness.
    No partial elementary unit district, as defined in Article
11E of this Code, shall become indebted in any manner or for
any purpose in an amount, including existing indebtedness, in
the aggregate exceeding 6.9% of the value of the taxable
property of the entire district, to be ascertained by the last
assessment for State and county taxes, plus an amount,
including existing indebtedness, in the aggregate exceeding
6.9% of the value of the taxable property of that portion of
the district included in the elementary and high school
classification, to be ascertained by the last assessment for
State and county taxes. Moreover, no partial elementary unit
district, as defined in Article 11E of this Code, shall become
indebted on account of bonds issued by the district for high
school purposes in the aggregate exceeding 6.9% of the value of
the taxable property of the entire district, to be ascertained
by the last assessment for State and county taxes, nor shall
the district become indebted on account of bonds issued by the
district for elementary purposes in the aggregate exceeding
6.9% of the value of the taxable property for that portion of
the district included in the elementary and high school
classification, to be ascertained by the last assessment for
State and county taxes.
    Notwithstanding the provisions of any other law to the
contrary, in any case in which the voters of a school district
have approved a proposition for the issuance of bonds of such
school district at an election held prior to January 1, 1979,
and all of the bonds approved at such election have not been
issued, the debt limitation applicable to such school district
during the calendar year 1979 shall be computed by multiplying
the value of taxable property therein, including personal
property, as ascertained by the last assessment for State and
county taxes, previous to the incurring of such indebtedness,
by the percentage limitation applicable to such school district
under the provisions of this subsection (a).
    (b) Notwithstanding the debt limitation prescribed in
subsection (a) of this Section, additional indebtedness may be
incurred in an amount not to exceed the estimated cost of
acquiring or improving school sites or constructing and
equipping additional building facilities under the following
conditions:
        (1) Whenever the enrollment of students for the next
    school year is estimated by the board of education to
    increase over the actual present enrollment by not less
    than 35% or by not less than 200 students or the actual
    present enrollment of students has increased over the
    previous school year by not less than 35% or by not less
    than 200 students and the board of education determines
    that additional school sites or building facilities are
    required as a result of such increase in enrollment; and
        (2) When the Regional Superintendent of Schools having
    jurisdiction over the school district and the State
    Superintendent of Education concur in such enrollment
    projection or increase and approve the need for such
    additional school sites or building facilities and the
    estimated cost thereof; and
        (3) When the voters in the school district approve a
    proposition for the issuance of bonds for the purpose of
    acquiring or improving such needed school sites or
    constructing and equipping such needed additional building
    facilities at an election called and held for that purpose.
    Notice of such an election shall state that the amount of
    indebtedness proposed to be incurred would exceed the debt
    limitation otherwise applicable to the school district.
    The ballot for such proposition shall state what percentage
    of the equalized assessed valuation will be outstanding in
    bonds if the proposed issuance of bonds is approved by the
    voters; or
        (4) Notwithstanding the provisions of paragraphs (1)
    through (3) of this subsection (b), if the school board
    determines that additional facilities are needed to
    provide a quality educational program and not less than 2/3
    of those voting in an election called by the school board
    on the question approve the issuance of bonds for the
    construction of such facilities, the school district may
    issue bonds for this purpose; or
        (5) Notwithstanding the provisions of paragraphs (1)
    through (3) of this subsection (b), if (i) the school
    district has previously availed itself of the provisions of
    paragraph (4) of this subsection (b) to enable it to issue
    bonds, (ii) the voters of the school district have not
    defeated a proposition for the issuance of bonds since the
    referendum described in paragraph (4) of this subsection
    (b) was held, (iii) the school board determines that
    additional facilities are needed to provide a quality
    educational program, and (iv) a majority of those voting in
    an election called by the school board on the question
    approve the issuance of bonds for the construction of such
    facilities, the school district may issue bonds for this
    purpose.
    In no event shall the indebtedness incurred pursuant to
this subsection (b) and the existing indebtedness of the school
district exceed 15% of the value of the taxable property
therein to be ascertained by the last assessment for State and
county taxes, previous to the incurring of such indebtedness
or, until January 1, 1983, if greater, the sum that is produced
by multiplying the school district's 1978 equalized assessed
valuation by the debt limitation percentage in effect on
January 1, 1979.
    The indebtedness provided for by this subsection (b) shall
be in addition to and in excess of any other debt limitation.
    (c) Notwithstanding the debt limitation prescribed in
subsection (a) of this Section, in any case in which a public
question for the issuance of bonds of a proposed school
district maintaining grades kindergarten through 12 received
at least 60% of the valid ballots cast on the question at an
election held on or prior to November 8, 1994, and in which the
bonds approved at such election have not been issued, the
school district pursuant to the requirements of Section 11A-10
(now repealed) may issue the total amount of bonds approved at
such election for the purpose stated in the question.
    (d) Notwithstanding the debt limitation prescribed in
subsection (a) of this Section, a school district that meets
all the criteria set forth in paragraphs (1) and (2) of this
subsection (d) may incur an additional indebtedness in an
amount not to exceed $4,500,000, even though the amount of the
additional indebtedness authorized by this subsection (d),
when incurred and added to the aggregate amount of indebtedness
of the district existing immediately prior to the district
incurring the additional indebtedness authorized by this
subsection (d), causes the aggregate indebtedness of the
district to exceed the debt limitation otherwise applicable to
that district under subsection (a):
        (1) The additional indebtedness authorized by this
    subsection (d) is incurred by the school district through
    the issuance of bonds under and in accordance with Section
    17-2.11a for the purpose of replacing a school building
    which, because of mine subsidence damage, has been closed
    as provided in paragraph (2) of this subsection (d) or
    through the issuance of bonds under and in accordance with
    Section 19-3 for the purpose of increasing the size of, or
    providing for additional functions in, such replacement
    school buildings, or both such purposes.
        (2) The bonds issued by the school district as provided
    in paragraph (1) above are issued for the purposes of
    construction by the school district of a new school
    building pursuant to Section 17-2.11, to replace an
    existing school building that, because of mine subsidence
    damage, is closed as of the end of the 1992-93 school year
    pursuant to action of the regional superintendent of
    schools of the educational service region in which the
    district is located under Section 3-14.22 or are issued for
    the purpose of increasing the size of, or providing for
    additional functions in, the new school building being
    constructed to replace a school building closed as the
    result of mine subsidence damage, or both such purposes.
    (e) (Blank).
    (f) Notwithstanding the provisions of subsection (a) of
this Section or of any other law, bonds in not to exceed the
aggregate amount of $5,500,000 and issued by a school district
meeting the following criteria shall not be considered
indebtedness for purposes of any statutory limitation and may
be issued in an amount or amounts, including existing
indebtedness, in excess of any heretofore or hereafter imposed
statutory limitation as to indebtedness:
        (1) At the time of the sale of such bonds, the board of
    education of the district shall have determined by
    resolution that the enrollment of students in the district
    is projected to increase by not less than 7% during each of
    the next succeeding 2 school years.
        (2) The board of education shall also determine by
    resolution that the improvements to be financed with the
    proceeds of the bonds are needed because of the projected
    enrollment increases.
        (3) The board of education shall also determine by
    resolution that the projected increases in enrollment are
    the result of improvements made or expected to be made to
    passenger rail facilities located in the school district.
    Notwithstanding the provisions of subsection (a) of this
Section or of any other law, a school district that has availed
itself of the provisions of this subsection (f) prior to July
22, 2004 (the effective date of Public Act 93-799) may also
issue bonds approved by referendum up to an amount, including
existing indebtedness, not exceeding 25% of the equalized
assessed value of the taxable property in the district if all
of the conditions set forth in items (1), (2), and (3) of this
subsection (f) are met.
    (g) Notwithstanding the provisions of subsection (a) of
this Section or any other law, bonds in not to exceed an
aggregate amount of 25% of the equalized assessed value of the
taxable property of a school district and issued by a school
district meeting the criteria in paragraphs (i) through (iv) of
this subsection shall not be considered indebtedness for
purposes of any statutory limitation and may be issued pursuant
to resolution of the school board in an amount or amounts,
including existing indebtedness, in excess of any statutory
limitation of indebtedness heretofore or hereafter imposed:
        (i) The bonds are issued for the purpose of
    constructing a new high school building to replace two
    adjacent existing buildings which together house a single
    high school, each of which is more than 65 years old, and
    which together are located on more than 10 acres and less
    than 11 acres of property.
        (ii) At the time the resolution authorizing the
    issuance of the bonds is adopted, the cost of constructing
    a new school building to replace the existing school
    building is less than 60% of the cost of repairing the
    existing school building.
        (iii) The sale of the bonds occurs before July 1, 1997.
        (iv) The school district issuing the bonds is a unit
    school district located in a county of less than 70,000 and
    more than 50,000 inhabitants, which has an average daily
    attendance of less than 1,500 and an equalized assessed
    valuation of less than $29,000,000.
    (h) Notwithstanding any other provisions of this Section or
the provisions of any other law, until January 1, 1998, a
community unit school district maintaining grades K through 12
may issue bonds up to an amount, including existing
indebtedness, not exceeding 27.6% of the equalized assessed
value of the taxable property in the district, if all of the
following conditions are met:
        (i) The school district has an equalized assessed
    valuation for calendar year 1995 of less than $24,000,000;
        (ii) The bonds are issued for the capital improvement,
    renovation, rehabilitation, or replacement of existing
    school buildings of the district, all of which buildings
    were originally constructed not less than 40 years ago;
        (iii) The voters of the district approve a proposition
    for the issuance of the bonds at a referendum held after
    March 19, 1996; and
        (iv) The bonds are issued pursuant to Sections 19-2
    through 19-7 of this Code.
    (i) Notwithstanding any other provisions of this Section or
the provisions of any other law, until January 1, 1998, a
community unit school district maintaining grades K through 12
may issue bonds up to an amount, including existing
indebtedness, not exceeding 27% of the equalized assessed value
of the taxable property in the district, if all of the
following conditions are met:
        (i) The school district has an equalized assessed
    valuation for calendar year 1995 of less than $44,600,000;
        (ii) The bonds are issued for the capital improvement,
    renovation, rehabilitation, or replacement of existing
    school buildings of the district, all of which existing
    buildings were originally constructed not less than 80
    years ago;
        (iii) The voters of the district approve a proposition
    for the issuance of the bonds at a referendum held after
    December 31, 1996; and
        (iv) The bonds are issued pursuant to Sections 19-2
    through 19-7 of this Code.
    (j) Notwithstanding any other provisions of this Section or
the provisions of any other law, until January 1, 1999, a
community unit school district maintaining grades K through 12
may issue bonds up to an amount, including existing
indebtedness, not exceeding 27% of the equalized assessed value
of the taxable property in the district if all of the following
conditions are met:
        (i) The school district has an equalized assessed
    valuation for calendar year 1995 of less than $140,000,000
    and a best 3 months average daily attendance for the
    1995-96 school year of at least 2,800;
        (ii) The bonds are issued to purchase a site and build
    and equip a new high school, and the school district's
    existing high school was originally constructed not less
    than 35 years prior to the sale of the bonds;
        (iii) At the time of the sale of the bonds, the board
    of education determines by resolution that a new high
    school is needed because of projected enrollment
    increases;
        (iv) At least 60% of those voting in an election held
    after December 31, 1996 approve a proposition for the
    issuance of the bonds; and
        (v) The bonds are issued pursuant to Sections 19-2
    through 19-7 of this Code.
    (k) Notwithstanding the debt limitation prescribed in
subsection (a) of this Section, a school district that meets
all the criteria set forth in paragraphs (1) through (4) of
this subsection (k) may issue bonds to incur an additional
indebtedness in an amount not to exceed $4,000,000 even though
the amount of the additional indebtedness authorized by this
subsection (k), when incurred and added to the aggregate amount
of indebtedness of the school district existing immediately
prior to the school district incurring such additional
indebtedness, causes the aggregate indebtedness of the school
district to exceed or increases the amount by which the
aggregate indebtedness of the district already exceeds the debt
limitation otherwise applicable to that school district under
subsection (a):
        (1) the school district is located in 2 counties, and a
    referendum to authorize the additional indebtedness was
    approved by a majority of the voters of the school district
    voting on the proposition to authorize that indebtedness;
        (2) the additional indebtedness is for the purpose of
    financing a multi-purpose room addition to the existing
    high school;
        (3) the additional indebtedness, together with the
    existing indebtedness of the school district, shall not
    exceed 17.4% of the value of the taxable property in the
    school district, to be ascertained by the last assessment
    for State and county taxes; and
        (4) the bonds evidencing the additional indebtedness
    are issued, if at all, within 120 days of August 14, 1998
    (the effective date of Public Act 90-757) this amendatory
    Act of 1998.
    (l) Notwithstanding any other provisions of this Section or
the provisions of any other law, until January 1, 2000, a
school district maintaining grades kindergarten through 8 may
issue bonds up to an amount, including existing indebtedness,
not exceeding 15% of the equalized assessed value of the
taxable property in the district if all of the following
conditions are met:
        (i) the district has an equalized assessed valuation
    for calendar year 1996 of less than $10,000,000;
        (ii) the bonds are issued for capital improvement,
    renovation, rehabilitation, or replacement of one or more
    school buildings of the district, which buildings were
    originally constructed not less than 70 years ago;
        (iii) the voters of the district approve a proposition
    for the issuance of the bonds at a referendum held on or
    after March 17, 1998; and
        (iv) the bonds are issued pursuant to Sections 19-2
    through 19-7 of this Code.
    (m) Notwithstanding any other provisions of this Section or
the provisions of any other law, until January 1, 1999, an
elementary school district maintaining grades K through 8 may
issue bonds up to an amount, excluding existing indebtedness,
not exceeding 18% of the equalized assessed value of the
taxable property in the district, if all of the following
conditions are met:
        (i) The school district has an equalized assessed
    valuation for calendar year 1995 or less than $7,700,000;
        (ii) The school district operates 2 elementary
    attendance centers that until 1976 were operated as the
    attendance centers of 2 separate and distinct school
    districts;
        (iii) The bonds are issued for the construction of a
    new elementary school building to replace an existing
    multi-level elementary school building of the school
    district that is not accessible at all levels and parts of
    which were constructed more than 75 years ago;
        (iv) The voters of the school district approve a
    proposition for the issuance of the bonds at a referendum
    held after July 1, 1998; and
        (v) The bonds are issued pursuant to Sections 19-2
    through 19-7 of this Code.
    (n) Notwithstanding the debt limitation prescribed in
subsection (a) of this Section or any other provisions of this
Section or of any other law, a school district that meets all
of the criteria set forth in paragraphs (i) through (vi) of
this subsection (n) may incur additional indebtedness by the
issuance of bonds in an amount not exceeding the amount
certified by the Capital Development Board to the school
district as provided in paragraph (iii) of this subsection (n),
even though the amount of the additional indebtedness so
authorized, when incurred and added to the aggregate amount of
indebtedness of the district existing immediately prior to the
district incurring the additional indebtedness authorized by
this subsection (n), causes the aggregate indebtedness of the
district to exceed the debt limitation otherwise applicable by
law to that district:
        (i) The school district applies to the State Board of
    Education for a school construction project grant and
    submits a district facilities plan in support of its
    application pursuant to Section 5-20 of the School
    Construction Law.
        (ii) The school district's application and facilities
    plan are approved by, and the district receives a grant
    entitlement for a school construction project issued by,
    the State Board of Education under the School Construction
    Law.
        (iii) The school district has exhausted its bonding
    capacity or the unused bonding capacity of the district is
    less than the amount certified by the Capital Development
    Board to the district under Section 5-15 of the School
    Construction Law as the dollar amount of the school
    construction project's cost that the district will be
    required to finance with non-grant funds in order to
    receive a school construction project grant under the
    School Construction Law.
        (iv) The bonds are issued for a "school construction
    project", as that term is defined in Section 5-5 of the
    School Construction Law, in an amount that does not exceed
    the dollar amount certified, as provided in paragraph (iii)
    of this subsection (n), by the Capital Development Board to
    the school district under Section 5-15 of the School
    Construction Law.
        (v) The voters of the district approve a proposition
    for the issuance of the bonds at a referendum held after
    the criteria specified in paragraphs (i) and (iii) of this
    subsection (n) are met.
        (vi) The bonds are issued pursuant to Sections 19-2
    through 19-7 of the School Code.
    (o) Notwithstanding any other provisions of this Section or
the provisions of any other law, until November 1, 2007, a
community unit school district maintaining grades K through 12
may issue bonds up to an amount, including existing
indebtedness, not exceeding 20% of the equalized assessed value
of the taxable property in the district if all of the following
conditions are met:
        (i) the school district has an equalized assessed
    valuation for calendar year 2001 of at least $737,000,000
    and an enrollment for the 2002-2003 school year of at least
    8,500;
        (ii) the bonds are issued to purchase school sites,
    build and equip a new high school, build and equip a new
    junior high school, build and equip 5 new elementary
    schools, and make technology and other improvements and
    additions to existing schools;
        (iii) at the time of the sale of the bonds, the board
    of education determines by resolution that the sites and
    new or improved facilities are needed because of projected
    enrollment increases;
        (iv) at least 57% of those voting in a general election
    held prior to January 1, 2003 approved a proposition for
    the issuance of the bonds; and
        (v) the bonds are issued pursuant to Sections 19-2
    through 19-7 of this Code.
    (p) Notwithstanding any other provisions of this Section or
the provisions of any other law, a community unit school
district maintaining grades K through 12 may issue bonds up to
an amount, including indebtedness, not exceeding 27% of the
equalized assessed value of the taxable property in the
district if all of the following conditions are met:
        (i) The school district has an equalized assessed
    valuation for calendar year 2001 of at least $295,741,187
    and a best 3 months' average daily attendance for the
    2002-2003 school year of at least 2,394.
        (ii) The bonds are issued to build and equip 3
    elementary school buildings; build and equip one middle
    school building; and alter, repair, improve, and equip all
    existing school buildings in the district.
        (iii) At the time of the sale of the bonds, the board
    of education determines by resolution that the project is
    needed because of expanding growth in the school district
    and a projected enrollment increase.
        (iv) The bonds are issued pursuant to Sections 19-2
    through 19-7 of this Code.
    (p-5) Notwithstanding any other provisions of this Section
or the provisions of any other law, bonds issued by a community
unit school district maintaining grades K through 12 shall not
be considered indebtedness for purposes of any statutory
limitation and may be issued in an amount or amounts, including
existing indebtedness, in excess of any heretofore or hereafter
imposed statutory limitation as to indebtedness, if all of the
following conditions are met:
        (i) For each of the 4 most recent years, residential
    property comprises more than 80% of the equalized assessed
    valuation of the district.
        (ii) At least 2 school buildings that were constructed
    40 or more years prior to the issuance of the bonds will be
    demolished and will be replaced by new buildings or
    additions to one or more existing buildings.
        (iii) Voters of the district approve a proposition for
    the issuance of the bonds at a regularly scheduled
    election.
        (iv) At the time of the sale of the bonds, the school
    board determines by resolution that the new buildings or
    building additions are needed because of an increase in
    enrollment projected by the school board.
        (v) The principal amount of the bonds, including
    existing indebtedness, does not exceed 25% of the equalized
    assessed value of the taxable property in the district.
        (vi) The bonds are issued prior to January 1, 2007,
    pursuant to Sections 19-2 through 19-7 of this Code.
    (p-10) Notwithstanding any other provisions of this
Section or the provisions of any other law, bonds issued by a
community consolidated school district maintaining grades K
through 8 shall not be considered indebtedness for purposes of
any statutory limitation and may be issued in an amount or
amounts, including existing indebtedness, in excess of any
heretofore or hereafter imposed statutory limitation as to
indebtedness, if all of the following conditions are met:
        (i) For each of the 4 most recent years, residential
    and farm property comprises more than 80% of the equalized
    assessed valuation of the district.
        (ii) The bond proceeds are to be used to acquire and
    improve school sites and build and equip a school building.
        (iii) Voters of the district approve a proposition for
    the issuance of the bonds at a regularly scheduled
    election.
        (iv) At the time of the sale of the bonds, the school
    board determines by resolution that the school sites and
    building additions are needed because of an increase in
    enrollment projected by the school board.
        (v) The principal amount of the bonds, including
    existing indebtedness, does not exceed 20% of the equalized
    assessed value of the taxable property in the district.
        (vi) The bonds are issued prior to January 1, 2007,
    pursuant to Sections 19-2 through 19-7 of this Code.
    (p-15) In addition to all other authority to issue bonds,
the Oswego Community Unit School District Number 308 may issue
bonds with an aggregate principal amount not to exceed
$450,000,000, but only if all of the following conditions are
met:
        (i) The voters of the district have approved a
    proposition for the bond issue at the general election held
    on November 7, 2006.
        (ii) At the time of the sale of the bonds, the school
    board determines, by resolution, that: (A) the building and
    equipping of the new high school building, new junior high
    school buildings, new elementary school buildings, early
    childhood building, maintenance building, transportation
    facility, and additions to existing school buildings, the
    altering, repairing, equipping, and provision of
    technology improvements to existing school buildings, and
    the acquisition and improvement of school sites, as the
    case may be, are required as a result of a projected
    increase in the enrollment of students in the district; and
    (B) the sale of bonds for these purposes is authorized by
    legislation that exempts the debt incurred on the bonds
    from the district's statutory debt limitation.
        (iii) The bonds are issued, in one or more bond issues,
    on or before November 7, 2011, but the aggregate principal
    amount issued in all such bond issues combined must not
    exceed $450,000,000.
        (iv) The bonds are issued in accordance with this
    Article 19.
        (v) The proceeds of the bonds are used only to
    accomplish those projects approved by the voters at the
    general election held on November 7, 2006.
The debt incurred on any bonds issued under this subsection
(p-15) shall not be considered indebtedness for purposes of any
statutory debt limitation.
    (p-20) In addition to all other authority to issue bonds,
the Lincoln-Way Community High School District Number 210 may
issue bonds with an aggregate principal amount not to exceed
$225,000,000, but only if all of the following conditions are
met:
        (i) The voters of the district have approved a
    proposition for the bond issue at the general primary
    election held on March 21, 2006.
        (ii) At the time of the sale of the bonds, the school
    board determines, by resolution, that: (A) the building and
    equipping of the new high school buildings, the altering,
    repairing, and equipping of existing school buildings, and
    the improvement of school sites, as the case may be, are
    required as a result of a projected increase in the
    enrollment of students in the district; and (B) the sale of
    bonds for these purposes is authorized by legislation that
    exempts the debt incurred on the bonds from the district's
    statutory debt limitation.
        (iii) The bonds are issued, in one or more bond issues,
    on or before March 21, 2011, but the aggregate principal
    amount issued in all such bond issues combined must not
    exceed $225,000,000.
        (iv) The bonds are issued in accordance with this
    Article 19.
        (v) The proceeds of the bonds are used only to
    accomplish those projects approved by the voters at the
    primary election held on March 21, 2006.
The debt incurred on any bonds issued under this subsection
(p-20) shall not be considered indebtedness for purposes of any
statutory debt limitation.
    (p-25) In addition to all other authority to issue bonds,
Rochester Community Unit School District 3A may issue bonds
with an aggregate principal amount not to exceed $18,500,000,
but only if all of the following conditions are met:
        (i) The voters of the district approve a proposition
    for the bond issuance at the general primary election held
    in 2008.
        (ii) At the time of the sale of the bonds, the school
    board determines, by resolution, that: (A) the building and
    equipping of a new high school building; the addition of
    classrooms and support facilities at the high school,
    middle school, and elementary school; the altering,
    repairing, and equipping of existing school buildings; and
    the improvement of school sites, as the case may be, are
    required as a result of a projected increase in the
    enrollment of students in the district; and (B) the sale of
    bonds for these purposes is authorized by a law that
    exempts the debt incurred on the bonds from the district's
    statutory debt limitation.
        (iii) The bonds are issued, in one or more bond issues,
    on or before December 31, 2012, but the aggregate principal
    amount issued in all such bond issues combined must not
    exceed $18,500,000.
        (iv) The bonds are issued in accordance with this
    Article 19.
        (v) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at the primary
    election held in 2008.
The debt incurred on any bonds issued under this subsection
(p-25) shall not be considered indebtedness for purposes of any
statutory debt limitation.
    (p-30) In addition to all other authority to issue bonds,
Prairie Grove Consolidated School District 46 may issue bonds
with an aggregate principal amount not to exceed $30,000,000,
but only if all of the following conditions are met:
        (i) The voters of the district approve a proposition
    for the bond issuance at an election held in 2008.
        (ii) At the time of the sale of the bonds, the school
    board determines, by resolution, that (A) the building and
    equipping of a new school building and additions to
    existing school buildings are required as a result of a
    projected increase in the enrollment of students in the
    district and (B) the altering, repairing, and equipping of
    existing school buildings are required because of the age
    of the existing school buildings.
        (iii) The bonds are issued, in one or more bond
    issuances, on or before December 31, 2012; however, the
    aggregate principal amount issued in all such bond
    issuances combined must not exceed $30,000,000.
        (iv) The bonds are issued in accordance with this
    Article.
        (v) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held in 2008.
The debt incurred on any bonds issued under this subsection
(p-30) shall not be considered indebtedness for purposes of any
statutory debt limitation.
    (p-35) In addition to all other authority to issue bonds,
Prairie Hill Community Consolidated School District 133 may
issue bonds with an aggregate principal amount not to exceed
$13,900,000, but only if all of the following conditions are
met:
        (i) The voters of the district approved a proposition
    for the bond issuance at an election held on April 17,
    2007.
        (ii) At the time of the sale of the bonds, the school
    board determines, by resolution, that (A) the improvement
    of the site of and the building and equipping of a school
    building are required as a result of a projected increase
    in the enrollment of students in the district and (B) the
    repairing and equipping of the Prairie Hill Elementary
    School building is required because of the age of that
    school building.
        (iii) The bonds are issued, in one or more bond
    issuances, on or before December 31, 2011, but the
    aggregate principal amount issued in all such bond
    issuances combined must not exceed $13,900,000.
        (iv) The bonds are issued in accordance with this
    Article.
        (v) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on April 17, 2007.
The debt incurred on any bonds issued under this subsection
(p-35) shall not be considered indebtedness for purposes of any
statutory debt limitation.
    (p-40) In addition to all other authority to issue bonds,
Mascoutah Community Unit District 19 may issue bonds with an
aggregate principal amount not to exceed $55,000,000, but only
if all of the following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at a regular election held on or
    after November 4, 2008.
        (2) At the time of the sale of the bonds, the school
    board determines, by resolution, that (i) the building and
    equipping of a new high school building is required as a
    result of a projected increase in the enrollment of
    students in the district and the age and condition of the
    existing high school building, (ii) the existing high
    school building will be demolished, and (iii) the sale of
    bonds is authorized by statute that exempts the debt
    incurred on the bonds from the district's statutory debt
    limitation.
        (3) The bonds are issued, in one or more bond
    issuances, on or before December 31, 2011, but the
    aggregate principal amount issued in all such bond
    issuances combined must not exceed $55,000,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at a regular
    election held on or after November 4, 2008.
    The debt incurred on any bonds issued under this subsection
(p-40) shall not be considered indebtedness for purposes of any
statutory debt limitation.
    (p-45) Notwithstanding the provisions of subsection (a) of
this Section or of any other law, bonds issued pursuant to
Section 19-3.5 of this Code shall not be considered
indebtedness for purposes of any statutory limitation if the
bonds are issued in an amount or amounts, including existing
indebtedness of the school district, not in excess of 18.5% of
the value of the taxable property in the district to be
ascertained by the last assessment for State and county taxes.
    (p-50) Notwithstanding the provisions of subsection (a) of
this Section or of any other law, bonds issued pursuant to
Section 19-3.10 of this Code shall not be considered
indebtedness for purposes of any statutory limitation if the
bonds are issued in an amount or amounts, including existing
indebtedness of the school district, not in excess of 43% of
the value of the taxable property in the district to be
ascertained by the last assessment for State and county taxes.
    (p-55) In addition to all other authority to issue bonds,
Belle Valley School District 119 may issue bonds with an
aggregate principal amount not to exceed $47,500,000, but only
if all of the following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after April
    7, 2009.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) the building and
    equipping of a new school building is required as a result
    of mine subsidence in an existing school building and
    because of the age and condition of another existing school
    building and (ii) the issuance of bonds is authorized by
    statute that exempts the debt incurred on the bonds from
    the district's statutory debt limitation.
        (3) The bonds are issued, in one or more bond
    issuances, on or before March 31, 2014, but the aggregate
    principal amount issued in all such bond issuances combined
    must not exceed $47,500,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after April 7, 2009.
    The debt incurred on any bonds issued under this subsection
(p-55) shall not be considered indebtedness for purposes of any
statutory debt limitation. Bonds issued under this subsection
(p-55) must mature within not to exceed 30 years from their
date, notwithstanding any other law to the contrary.
    (p-60) In addition to all other authority to issue bonds,
Wilmington Community Unit School District Number 209-U may
issue bonds with an aggregate principal amount not to exceed
$2,285,000, but only if all of the following conditions are
met:
        (1) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at the general
    primary election held on March 21, 2006.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) the projects
    approved by the voters were and are required because of the
    age and condition of the school district's prior and
    existing school buildings and (ii) the issuance of the
    bonds is authorized by legislation that exempts the debt
    incurred on the bonds from the district's statutory debt
    limitation.
        (3) The bonds are issued in one or more bond issuances
    on or before March 1, 2011, but the aggregate principal
    amount issued in all those bond issuances combined must not
    exceed $2,285,000.
        (4) The bonds are issued in accordance with this
    Article.
    The debt incurred on any bonds issued under this subsection
(p-60) shall not be considered indebtedness for purposes of any
statutory debt limitation.
    (p-65) In addition to all other authority to issue bonds,
West Washington County Community Unit School District 10 may
issue bonds with an aggregate principal amount not to exceed
$32,200,000 and maturing over a period not exceeding 25 years,
but only if all of the following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after
    February 2, 2010.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (A) all or a portion
    of the existing Okawville Junior/Senior High School
    Building will be demolished; (B) the building and equipping
    of a new school building to be attached to and the
    alteration, repair, and equipping of the remaining portion
    of the Okawville Junior/Senior High School Building is
    required because of the age and current condition of that
    school building; and (C) the issuance of bonds is
    authorized by a statute that exempts the debt incurred on
    the bonds from the district's statutory debt limitation.
        (3) The bonds are issued, in one or more bond
    issuances, on or before March 31, 2014, but the aggregate
    principal amount issued in all such bond issuances combined
    must not exceed $32,200,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after February 2, 2010.
    The debt incurred on any bonds issued under this subsection
(p-65) shall not be considered indebtedness for purposes of any
statutory debt limitation.
    (p-70) In addition to all other authority to issue bonds,
Cahokia Community Unit School District 187 may issue bonds with
an aggregate principal amount not to exceed $50,000,000, but
only if all the following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after
    November 2, 2010.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) the building and
    equipping of a new school building is required as a result
    of the age and condition of an existing school building and
    (ii) the issuance of bonds is authorized by a statute that
    exempts the debt incurred on the bonds from the district's
    statutory debt limitation.
        (3) The bonds are issued, in one or more issuances, on
    or before July 1, 2016, but the aggregate principal amount
    issued in all such bond issuances combined must not exceed
    $50,000,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after November 2, 2010.
    The debt incurred on any bonds issued under this subsection
(p-70) shall not be considered indebtedness for purposes of any
statutory debt limitation. Bonds issued under this subsection
(p-70) must mature within not to exceed 25 years from their
date, notwithstanding any other law, including Section 19-3 of
this Code, to the contrary.
    (p-75) Notwithstanding the debt limitation prescribed in
subsection (a) of this Section or any other provisions of this
Section or of any other law, the execution of leases on or
after January 1, 2007 and before July 1, 2011 by the Board of
Education of Peoria School District 150 with a public building
commission for leases entered into pursuant to the Public
Building Commission Act shall not be considered indebtedness
for purposes of any statutory debt limitation.
    This subsection (p-75) applies only if the State Board of
Education or the Capital Development Board makes one or more
grants to Peoria School District 150 pursuant to the School
Construction Law. The amount exempted from the debt limitation
as prescribed in this subsection (p-75) shall be no greater
than the amount of one or more grants awarded to Peoria School
District 150 by the State Board of Education or the Capital
Development Board.
    (p-80) In addition to all other authority to issue bonds,
Ridgeland School District 122 may issue bonds with an aggregate
principal amount not to exceed $50,000,000 for the purpose of
refunding or continuing to refund bonds originally issued
pursuant to voter approval at the general election held on
November 7, 2000, and the debt incurred on any bonds issued
under this subsection (p-80) shall not be considered
indebtedness for purposes of any statutory debt limitation.
Bonds issued under this subsection (p-80) may be issued in one
or more issuances and must mature within not to exceed 25 years
from their date, notwithstanding any other law, including
Section 19-3 of this Code, to the contrary.
    (p-85) In addition to all other authority to issue bonds,
Hall High School District 502 may issue bonds with an aggregate
principal amount not to exceed $32,000,000, but only if all the
following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after April
    9, 2013.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) the building and
    equipping of a new school building is required as a result
    of the age and condition of an existing school building,
    (ii) the existing school building should be demolished in
    its entirety or the existing school building should be
    demolished except for the 1914 west wing of the building,
    and (iii) the issuance of bonds is authorized by a statute
    that exempts the debt incurred on the bonds from the
    district's statutory debt limitation.
        (3) The bonds are issued, in one or more issuances, not
    later than 5 years after the date of the referendum
    approving the issuance of the bonds, but the aggregate
    principal amount issued in all such bond issuances combined
    must not exceed $32,000,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after April 9, 2013.
    The debt incurred on any bonds issued under this subsection
(p-85) shall not be considered indebtedness for purposes of any
statutory debt limitation. Bonds issued under this subsection
(p-85) must mature within not to exceed 30 years from their
date, notwithstanding any other law, including Section 19-3 of
this Code, to the contrary.
    (p-90) In addition to all other authority to issue bonds,
Lebanon Community Unit School District 9 may issue bonds with
an aggregate principal amount not to exceed $7,500,000, but
only if all of the following conditions are met:
        (1) The voters of the district approved a proposition
    for the bond issuance at the general primary election on
    February 2, 2010.
        (2) At or prior to the time of the sale of the bonds,
    the school board determines, by resolution, that (i) the
    building and equipping of a new elementary school building
    is required as a result of a projected increase in the
    enrollment of students in the district and the age and
    condition of the existing Lebanon Elementary School
    building, (ii) a portion of the existing Lebanon Elementary
    School building will be demolished and the remaining
    portion will be altered, repaired, and equipped, and (iii)
    the sale of bonds is authorized by a statute that exempts
    the debt incurred on the bonds from the district's
    statutory debt limitation.
        (3) The bonds are issued, in one or more bond
    issuances, on or before April 1, 2014, but the aggregate
    principal amount issued in all such bond issuances combined
    must not exceed $7,500,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at the general
    primary election held on February 2, 2010.
    The debt incurred on any bonds issued under this subsection
(p-90) shall not be considered indebtedness for purposes of any
statutory debt limitation.
    (p-95) In addition to all other authority to issue bonds,
Monticello Community Unit School District 25 may issue bonds
with an aggregate principal amount not to exceed $35,000,000,
but only if all of the following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after
    November 4, 2014.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) the building and
    equipping of a new school building is required as a result
    of the age and condition of an existing school building and
    (ii) the issuance of bonds is authorized by a statute that
    exempts the debt incurred on the bonds from the district's
    statutory debt limitation.
        (3) The bonds are issued, in one or more issuances, on
    or before July 1, 2020, but the aggregate principal amount
    issued in all such bond issuances combined must not exceed
    $35,000,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after November 4, 2014.
    The debt incurred on any bonds issued under this subsection
(p-95) shall not be considered indebtedness for purposes of any
statutory debt limitation. Bonds issued under this subsection
(p-95) must mature within not to exceed 25 years from their
date, notwithstanding any other law, including Section 19-3 of
this Code, to the contrary.
    (p-100) In addition to all other authority to issue bonds,
the community unit school district created in the territory
comprising Milford Community Consolidated School District 280
and Milford Township High School District 233, as approved at
the general primary election held on March 18, 2014, may issue
bonds with an aggregate principal amount not to exceed
$17,500,000, but only if all the following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after
    November 4, 2014.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) the building and
    equipping of a new school building is required as a result
    of the age and condition of an existing school building and
    (ii) the issuance of bonds is authorized by a statute that
    exempts the debt incurred on the bonds from the district's
    statutory debt limitation.
        (3) The bonds are issued, in one or more issuances, on
    or before July 1, 2020, but the aggregate principal amount
    issued in all such bond issuances combined must not exceed
    $17,500,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after November 4, 2014.
    The debt incurred on any bonds issued under this subsection
(p-100) shall not be considered indebtedness for purposes of
any statutory debt limitation. Bonds issued under this
subsection (p-100) must mature within not to exceed 25 years
from their date, notwithstanding any other law, including
Section 19-3 of this Code, to the contrary.
    (p-105) In addition to all other authority to issue bonds,
North Shore School District 112 may issue bonds with an
aggregate principal amount not to exceed $150,000,000, but only
if all of the following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after March
    15, 2016.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) the building and
    equipping of new buildings and improving the sites thereof
    and the building and equipping of additions to, altering,
    repairing, equipping, and renovating existing buildings
    and improving the sites thereof are required as a result of
    the age and condition of the district's existing buildings
    and (ii) the issuance of bonds is authorized by a statute
    that exempts the debt incurred on the bonds from the
    district's statutory debt limitation.
        (3) The bonds are issued, in one or more issuances, not
    later than 5 years after the date of the referendum
    approving the issuance of the bonds, but the aggregate
    principal amount issued in all such bond issuances combined
    must not exceed $150,000,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after March 15, 2016.
    The debt incurred on any bonds issued under this subsection
(p-105) and on any bonds issued to refund or continue to refund
such bonds shall not be considered indebtedness for purposes of
any statutory debt limitation. Bonds issued under this
subsection (p-105) and any bonds issued to refund or continue
to refund such bonds must mature within not to exceed 30 years
from their date, notwithstanding any other law, including
Section 19-3 of this Code, to the contrary.
    (p-110) In addition to all other authority to issue bonds,
Sandoval Community Unit School District 501 may issue bonds
with an aggregate principal amount not to exceed $2,000,000,
but only if all of the following conditions are met:
        (1) The voters of the district approved a proposition
    for the bond issuance at an election held on March 20,
    2012.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) the building and
    equipping of a new school building is required because of
    the age and current condition of the Sandoval Elementary
    School building and (ii) the issuance of bonds is
    authorized by a statute that exempts the debt incurred on
    the bonds from the district's statutory debt limitation.
        (3) The bonds are issued, in one or more bond
    issuances, on or before March 19, 2017, but the aggregate
    principal amount issued in all such bond issuances combined
    must not exceed $2,000,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at the election
    held on March 20, 2012.
    The debt incurred on any bonds issued under this subsection
(p-110) shall not be considered indebtedness for purposes of
any statutory debt limitation.
    (p-115) In addition to all other authority to issue bonds,
Bureau Valley Community Unit School District 340 may issue
bonds with an aggregate principal amount not to exceed
$25,000,000, but only if all of the following conditions are
met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after March
    15, 2016.
        (2) Prior to the issuances of the bonds, the school
    board determines, by resolution, that (i) the renovating
    and equipping of some existing school buildings, the
    building and equipping of new school buildings, and the
    demolishing of some existing school buildings are required
    as a result of the age and condition of existing school
    buildings and (ii) the issuance of bonds is authorized by a
    statute that exempts the debt incurred on the bonds from
    the district's statutory debt limitation.
        (3) The bonds are issued, in one or more issuances, on
    or before July 1, 2021, but the aggregate principal amount
    issued in all such bond issuances combined must not exceed
    $25,000,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after March 15, 2016.
    The debt incurred on any bonds issued under this subsection
(p-115) shall not be considered indebtedness for purposes of
any statutory debt limitation. Bonds issued under this
subsection (p-115) must mature within not to exceed 30 years
from their date, notwithstanding any other law, including
Section 19-3 of this Code, to the contrary.
    (p-120) In addition to all other authority to issue bonds,
Paxton-Buckley-Loda Community Unit School District 10 may
issue bonds with an aggregate principal amount not to exceed
$28,500,000, but only if all the following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after
    November 8, 2016.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) the projects as
    described in said proposition, relating to the building and
    equipping of one or more school buildings or additions to
    existing school buildings, are required as a result of the
    age and condition of the District's existing buildings and
    (ii) the issuance of bonds is authorized by a statute that
    exempts the debt incurred on the bonds from the district's
    statutory debt limitation.
        (3) The bonds are issued, in one or more issuances, not
    later than 5 years after the date of the referendum
    approving the issuance of the bonds, but the aggregate
    principal amount issued in all such bond issuances combined
    must not exceed $28,500,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after November 8, 2016.
    The debt incurred on any bonds issued under this subsection
(p-120) and on any bonds issued to refund or continue to refund
such bonds shall not be considered indebtedness for purposes of
any statutory debt limitation. Bonds issued under this
subsection (p-120) and any bonds issued to refund or continue
to refund such bonds must mature within not to exceed 25 years
from their date, notwithstanding any other law, including
Section 19-3 of this Code, to the contrary.
    (p-125) In addition to all other authority to issue bonds,
Hillsboro Community Unit School District 3 may issue bonds with
an aggregate principal amount not to exceed $34,500,000, but
only if all the following conditions are met:
        (1) The voters of the district approve a proposition
    for the bond issuance at an election held on or after March
    15, 2016.
        (2) Prior to the issuance of the bonds, the school
    board determines, by resolution, that (i) altering,
    repairing, and equipping the high school
    agricultural/vocational building, demolishing the high
    school main, cafeteria, and gym buildings, building and
    equipping a school building, and improving sites are
    required as a result of the age and condition of the
    district's existing buildings and (ii) the issuance of
    bonds is authorized by a statute that exempts the debt
    incurred on the bonds from the district's statutory debt
    limitation.
        (3) The bonds are issued, in one or more issuances, not
    later than 5 years after the date of the referendum
    approving the issuance of the bonds, but the aggregate
    principal amount issued in all such bond issuances combined
    must not exceed $34,500,000.
        (4) The bonds are issued in accordance with this
    Article.
        (5) The proceeds of the bonds are used to accomplish
    only those projects approved by the voters at an election
    held on or after March 15, 2016.
    The debt incurred on any bonds issued under this subsection
(p-125) and on any bonds issued to refund or continue to refund
such bonds shall not be considered indebtedness for purposes of
any statutory debt limitation. Bonds issued under this
subsection (p-125) and any bonds issued to refund or continue
to refund such bonds must mature within not to exceed 25 years
from their date, notwithstanding any other law, including
Section 19-3 of this Code, to the contrary.
    (q) A school district must notify the State Board of
Education prior to issuing any form of long-term or short-term
debt that will result in outstanding debt that exceeds 75% of
the debt limit specified in this Section or any other provision
of law.
(Source: P.A. 98-617, eff. 1-7-14; 98-912, eff. 8-15-14;
98-916, eff. 8-15-14; 99-78, eff. 7-20-15; 99-143, eff.
7-27-15; 99-390, eff. 8-18-15; revised 10-13-15.)
 
    (105 ILCS 5/19-3)  (from Ch. 122, par. 19-3)
    Sec. 19-3. Boards of education. Any school district
governed by a board of education and having a population of not
more than 500,000 inhabitants, and not governed by a special
Act may borrow money for the purpose of building, equipping,
altering or repairing school buildings or purchasing or
improving school sites, or acquiring and equipping
playgrounds, recreation grounds, athletic fields, and other
buildings or land used or useful for school purposes or for the
purpose of purchasing a site, with or without a building or
buildings thereon, or for the building of a house or houses on
such site, or for the building of a house or houses on the
school site of the school district, for residential purposes of
the superintendent, principal, or teachers of the school
district, and issue its negotiable coupon bonds therefor signed
by the president and secretary of the board, in denominations
of not less than $100 nor more than $5,000, payable at such
place and at such time or times, not exceeding 20 years, with
the exception of Lockport High School and bonds issued by any
school district as qualified school construction bonds in
accordance with applicable federal tax law not exceeding 25
years, from date of issuance, as the board of education may
prescribe, and bearing interest at a rate not to exceed the
maximum rate authorized by the Bond Authorization Act, as
amended at the time of the making of the contract, payable
annually, semiannually or quarterly, but no such bonds shall be
issued unless the proposition to issue them is submitted to the
voters of the district at a referendum held at a regularly
scheduled election after the board has certified the
proposition to the proper election authorities in accordance
with the general election law, a majority of all the votes cast
on the proposition is in favor of the proposition, and notice
of such bond referendum has been given either (i) in accordance
with the second paragraph of Section 12-1 of the Election Code
irrespective of whether such notice included any reference to
the public question as it appeared on the ballot, or (ii) for
an election held on or after November 1, 1998, in accordance
with Section 12-5 of the Election Code, or (iii) by publication
of a true and legible copy of the specimen ballot label
containing the proposition in the form in which it appeared or
will appear on the official ballot label on the day of the
election at least 5 days before the day of the election in at
least one newspaper published in and having a general
circulation in the district, irrespective of any other
requirements of Article 12 or Section 24A-18 of the Election
Code, nor shall any residential site be acquired unless such
proposition to acquire a site is submitted to the voters of the
district at a referendum held at a regularly scheduled election
after the board has certified the proposition to the proper
election authorities in accordance with the general election
law and a majority of all the votes cast on the proposition is
in favor of the proposition. Nothing in this Act or in any
other law shall be construed to require the notice of the bond
referendum to be published over the name or title of the
election authority or the listing of maturity dates of any
bonds either in the notice of bond election or ballot used in
the bond election. The provisions of this Section concerning
notice of the bond referendum apply only to (i) consolidated
primary elections held prior to January 1, 2002 and the
consolidated election held on April 17, 2007 at which not less
than 60% of the voters voting on the bond proposition voted in
favor of the bond proposition, and (ii) other elections held
before July 1, 1999; otherwise, notices required in connection
with the submission of public questions shall be as set forth
in Section 12-5 of the Election Code. Such proposition may be
initiated by resolution of the school board.
    With respect to instruments for the payment of money issued
under this Section either before, on, or after the effective
date of this amendatory Act of 1989, it is and always has been
the intention of the General Assembly (i) that the Omnibus Bond
Acts are and always have been supplementary grants of power to
issue instruments in accordance with the Omnibus Bond Acts,
regardless of any provision of this Act that may appear to be
or to have been more restrictive than those Acts, (ii) that the
provisions of this Section are not a limitation on the
supplementary authority granted by the Omnibus Bond Acts, and
(iii) that instruments issued under this Section within the
supplementary authority granted by the Omnibus Bond Acts are
not invalid because of any provision of this Act that may
appear to be or to have been more restrictive than those Acts.
    The proceeds of any bonds issued under authority of this
Section shall be deposited and accounted for separately within
the Site and Construction/Capital Improvements Fund.
(Source: P.A. 95-30, eff. 8-7-07; 96-787, eff. 8-28-09.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.