SCH CD-DEBT LIMIT EXCEPTION
- Introduced Feb 5, 2024
- In committee Feb 6, 2024
- Died
- Passed the Senate
- To the governor
- Became law
What it does
The legislature's own summary of the bill, or its official long title.
Amends the School Code. In a Section concerning the debt limitations of school districts, provides that, in addition to all other authority to issue bonds, Avoca School District 37 may issue bonds with an aggregate principal amount not to exceed $89,800,000 if specified conditions are met, including (i) that the voters of the school district approve a proposition for the bond issuance at an election held on or after…
Read the full title (157 words)
Amends the School Code. In a Section concerning the debt limitations of school districts, provides that, in addition to all other authority to issue bonds, Avoca School District 37 may issue bonds with an aggregate principal amount not to exceed $89,800,000 if specified conditions are met, including (i) that the voters of the school district approve a proposition for the bond issuance at an election held on or after March 19, 2024 and (ii) that, prior to the issuance of the bonds, the school board determines, by resolution, that the projects set forth in the proposition for the bond issuance were and are required because of the age and condition of the district's existing school buildings. Provides that the debt incurred on the bonds shall not be considered indebtedness for purposes of any statutory debt limitation and must mature within not to exceed 25 years from their date, notwithstanding any other law to the contrary. Effective immediately.
Every action
7 steps, oldest first, as the legislature records them.
- HouseFiled with the Clerk by Rep. Jennifer Gong-Gershowitz
- HouseFirst Reading
- CommitteeReferred to Rules Committee · House Rules
- CommitteeAssigned to Revenue & Finance Committee · House Revenue & Finance
- CommitteeTo Revenue - Property Tax Subcommittee · House Property Tax Subcommittee
- CommitteeRule 19(a) / Re-referred to Rules Committee · House Rules
- HouseSession Sine Die
Roll calls
No recorded votes on this bill yet.
Sponsors
The member who introduced it.
-
Jennifer Gong-GershowitzD Primary sponsor · District 17
From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.