Illinois 2023-2024 Regular Session

Illinois House Bill HB2492 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	HB2492 EngrossedLRB103 26244 RJT 52604 b HB2492 Engrossed LRB103 26244 RJT 52604 b
2		-	HB2492 Engrossed LRB103 26244 RJT 52604 b
	1	+	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2492 Introduced , by Rep. Ann M. Williams SYNOPSIS AS INTRODUCED: 35 ILCS 200/18-185 105 ILCS 5/19-1 105 ILCS 5/19b-5.5 new 105 ILCS 5/19b-6 from Ch. 122, par. 19b-6 Amends the Property Tax Code. In provisions concerning the Property Tax Extension Limitation Law, provides that "aggregate extension" excludes special purpose extensions made for the repayment of bonds or certificates issued to finance guaranteed energy savings contracts under the School Code. Amends the School Code. Provides that a school district may issue bonds or certificates to finance guaranteed energy savings contracts and any bonds or certificates so issued 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. In the Article concerning school energy conservation and saving measures, removes the requirement that the Section of the School Code concerning a school board's power to build or purchase a building for school classroom or instructional purposes upon the approval of a majority of the voters upon the proposition at a referendum applies to the Article. Allows the school board of any school district having a population of less than 500,000 inhabitants to incur indebtedness and issue bonds in an amount not exceeding the aggregate cost of all expenditures reasonably expected to be incurred pursuant to a guaranteed energy savings contract. LRB103 26244 RJT 52604 b A BILL FOR 103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2492 Introduced , by Rep. Ann M. Williams SYNOPSIS AS INTRODUCED: 35 ILCS 200/18-185 105 ILCS 5/19-1 105 ILCS 5/19b-5.5 new 105 ILCS 5/19b-6 from Ch. 122, par. 19b-6 35 ILCS 200/18-185 105 ILCS 5/19-1 105 ILCS 5/19b-5.5 new 105 ILCS 5/19b-6 from Ch. 122, par. 19b-6 Amends the Property Tax Code. In provisions concerning the Property Tax Extension Limitation Law, provides that "aggregate extension" excludes special purpose extensions made for the repayment of bonds or certificates issued to finance guaranteed energy savings contracts under the School Code. Amends the School Code. Provides that a school district may issue bonds or certificates to finance guaranteed energy savings contracts and any bonds or certificates so issued 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. In the Article concerning school energy conservation and saving measures, removes the requirement that the Section of the School Code concerning a school board's power to build or purchase a building for school classroom or instructional purposes upon the approval of a majority of the voters upon the proposition at a referendum applies to the Article. Allows the school board of any school district having a population of less than 500,000 inhabitants to incur indebtedness and issue bonds in an amount not exceeding the aggregate cost of all expenditures reasonably expected to be incurred pursuant to a guaranteed energy savings contract. LRB103 26244 RJT 52604 b LRB103 26244 RJT 52604 b A BILL FOR
	2	+	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2492 Introduced , by Rep. Ann M. Williams SYNOPSIS AS INTRODUCED:
	3	+	35 ILCS 200/18-185 105 ILCS 5/19-1 105 ILCS 5/19b-5.5 new 105 ILCS 5/19b-6 from Ch. 122, par. 19b-6 35 ILCS 200/18-185 105 ILCS 5/19-1 105 ILCS 5/19b-5.5 new 105 ILCS 5/19b-6 from Ch. 122, par. 19b-6
	4	+	35 ILCS 200/18-185
	5	+	105 ILCS 5/19-1
	6	+	105 ILCS 5/19b-5.5 new
	7	+	105 ILCS 5/19b-6 from Ch. 122, par. 19b-6
	8	+	Amends the Property Tax Code. In provisions concerning the Property Tax Extension Limitation Law, provides that "aggregate extension" excludes special purpose extensions made for the repayment of bonds or certificates issued to finance guaranteed energy savings contracts under the School Code. Amends the School Code. Provides that a school district may issue bonds or certificates to finance guaranteed energy savings contracts and any bonds or certificates so issued 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. In the Article concerning school energy conservation and saving measures, removes the requirement that the Section of the School Code concerning a school board's power to build or purchase a building for school classroom or instructional purposes upon the approval of a majority of the voters upon the proposition at a referendum applies to the Article. Allows the school board of any school district having a population of less than 500,000 inhabitants to incur indebtedness and issue bonds in an amount not exceeding the aggregate cost of all expenditures reasonably expected to be incurred pursuant to a guaranteed energy savings contract.
	9	+	LRB103 26244 RJT 52604 b LRB103 26244 RJT 52604 b
	10	+	LRB103 26244 RJT 52604 b
	11	+	A BILL FOR
	12	+	HB2492LRB103 26244 RJT 52604 b HB2492 LRB103 26244 RJT 52604 b
	13	+	HB2492 LRB103 26244 RJT 52604 b
3	14		1 AN ACT concerning education.
4	15		2 Be it enacted by the People of the State of Illinois,
5	16		3 represented in the General Assembly:
6		-	4 Section 5. The School Code is amended by changing Sections
7		-	5 19-1 and 19b-6 and by adding Section 19b-5.5 as follows:
	17	+	4 Section 5. The Property Tax Code is amended by changing
	18	+	5 Section 18-185 as follows:
	19	+	6 (35 ILCS 200/18-185)
	20	+	7 Sec. 18-185. Short title; definitions. This Division 5
	21	+	8 may be cited as the Property Tax Extension Limitation Law. As
	22	+	9 used in this Division 5:
	23	+	10 "Consumer Price Index" means the Consumer Price Index for
	24	+	11 All Urban Consumers for all items published by the United
	25	+	12 States Department of Labor.
	26	+	13 "Extension limitation" means (a) the lesser of 5% or the
	27	+	14 percentage increase in the Consumer Price Index during the
	28	+	15 12-month calendar year preceding the levy year or (b) the rate
	29	+	16 of increase approved by voters under Section 18-205.
	30	+	17 "Affected county" means a county of 3,000,000 or more
	31	+	18 inhabitants or a county contiguous to a county of 3,000,000 or
	32	+	19 more inhabitants.
	33	+	20 "Taxing district" has the same meaning provided in Section
	34	+	21 1-150, except as otherwise provided in this Section. For the
	35	+	22 1991 through 1994 levy years only, "taxing district" includes
	36	+	23 only each non-home rule taxing district having the majority of
	37	+
	38	+
	39	+
	40	+	103RD GENERAL ASSEMBLY State of Illinois 2023 and 2024 HB2492 Introduced , by Rep. Ann M. Williams SYNOPSIS AS INTRODUCED:
	41	+	35 ILCS 200/18-185 105 ILCS 5/19-1 105 ILCS 5/19b-5.5 new 105 ILCS 5/19b-6 from Ch. 122, par. 19b-6 35 ILCS 200/18-185 105 ILCS 5/19-1 105 ILCS 5/19b-5.5 new 105 ILCS 5/19b-6 from Ch. 122, par. 19b-6
	42	+	35 ILCS 200/18-185
	43	+	105 ILCS 5/19-1
	44	+	105 ILCS 5/19b-5.5 new
	45	+	105 ILCS 5/19b-6 from Ch. 122, par. 19b-6
	46	+	Amends the Property Tax Code. In provisions concerning the Property Tax Extension Limitation Law, provides that "aggregate extension" excludes special purpose extensions made for the repayment of bonds or certificates issued to finance guaranteed energy savings contracts under the School Code. Amends the School Code. Provides that a school district may issue bonds or certificates to finance guaranteed energy savings contracts and any bonds or certificates so issued 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. In the Article concerning school energy conservation and saving measures, removes the requirement that the Section of the School Code concerning a school board's power to build or purchase a building for school classroom or instructional purposes upon the approval of a majority of the voters upon the proposition at a referendum applies to the Article. Allows the school board of any school district having a population of less than 500,000 inhabitants to incur indebtedness and issue bonds in an amount not exceeding the aggregate cost of all expenditures reasonably expected to be incurred pursuant to a guaranteed energy savings contract.
	47	+	LRB103 26244 RJT 52604 b LRB103 26244 RJT 52604 b
	48	+	LRB103 26244 RJT 52604 b
	49	+	A BILL FOR
	50	+
	51	+
	52	+
	53	+
	54	+
	55	+	35 ILCS 200/18-185
	56	+	105 ILCS 5/19-1
	57	+	105 ILCS 5/19b-5.5 new
	58	+	105 ILCS 5/19b-6 from Ch. 122, par. 19b-6
	59	+
	60	+
	61	+
	62	+	LRB103 26244 RJT 52604 b
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	72	+	HB2492 LRB103 26244 RJT 52604 b
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	75	+	HB2492- 2 -LRB103 26244 RJT 52604 b HB2492 - 2 - LRB103 26244 RJT 52604 b
	76	+	HB2492 - 2 - LRB103 26244 RJT 52604 b
	77	+	1 its 1990 equalized assessed value within any county or
	78	+	2 counties contiguous to a county with 3,000,000 or more
	79	+	3 inhabitants. Beginning with the 1995 levy year, "taxing
	80	+	4 district" includes only each non-home rule taxing district
	81	+	5 subject to this Law before the 1995 levy year and each non-home
	82	+	6 rule taxing district not subject to this Law before the 1995
	83	+	7 levy year having the majority of its 1994 equalized assessed
	84	+	8 value in an affected county or counties. Beginning with the
	85	+	9 levy year in which this Law becomes applicable to a taxing
	86	+	10 district as provided in Section 18-213, "taxing district" also
	87	+	11 includes those taxing districts made subject to this Law as
	88	+	12 provided in Section 18-213.
	89	+	13 "Aggregate extension" for taxing districts to which this
	90	+	14 Law applied before the 1995 levy year means the annual
	91	+	15 corporate extension for the taxing district and those special
	92	+	16 purpose extensions that are made annually for the taxing
	93	+	17 district, excluding special purpose extensions: (a) made for
	94	+	18 the taxing district to pay interest or principal on general
	95	+	19 obligation bonds that were approved by referendum; (b) made
	96	+	20 for any taxing district to pay interest or principal on
	97	+	21 general obligation bonds issued before October 1, 1991; (c)
	98	+	22 made for any taxing district to pay interest or principal on
	99	+	23 bonds issued to refund or continue to refund those bonds
	100	+	24 issued before October 1, 1991; (d) made for any taxing
	101	+	25 district to pay interest or principal on bonds issued to
	102	+	26 refund or continue to refund bonds issued after October 1,
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	112	+	HB2492 - 3 - LRB103 26244 RJT 52604 b
	113	+	1 1991 that were approved by referendum; (e) made for any taxing
	114	+	2 district to pay interest or principal on revenue bonds issued
	115	+	3 before October 1, 1991 for payment of which a property tax levy
	116	+	4 or the full faith and credit of the unit of local government is
	117	+	5 pledged; however, a tax for the payment of interest or
	118	+	6 principal on those bonds shall be made only after the
	119	+	7 governing body of the unit of local government finds that all
	120	+	8 other sources for payment are insufficient to make those
	121	+	9 payments; (f) made for payments under a building commission
	122	+	10 lease when the lease payments are for the retirement of bonds
	123	+	11 issued by the commission before October 1, 1991, to pay for the
	124	+	12 building project; (g) made for payments due under installment
	125	+	13 contracts entered into before October 1, 1991; (h) made for
	126	+	14 payments of principal and interest on bonds issued under the
	127	+	15 Metropolitan Water Reclamation District Act to finance
	128	+	16 construction projects initiated before October 1, 1991; (i)
	129	+	17 made for payments of principal and interest on limited bonds,
	130	+	18 as defined in Section 3 of the Local Government Debt Reform
	131	+	19 Act, in an amount not to exceed the debt service extension base
	132	+	20 less the amount in items (b), (c), (e), and (h) of this
	133	+	21 definition for non-referendum obligations, except obligations
	134	+	22 initially issued pursuant to referendum; (j) made for payments
	135	+	23 of principal and interest on bonds issued under Section 15 of
	136	+	24 the Local Government Debt Reform Act; (k) made by a school
	137	+	25 district that participates in the Special Education District
	138	+	26 of Lake County, created by special education joint agreement
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	144	+	HB2492 - 3 - LRB103 26244 RJT 52604 b
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	147	+	HB2492- 4 -LRB103 26244 RJT 52604 b HB2492 - 4 - LRB103 26244 RJT 52604 b
	148	+	HB2492 - 4 - LRB103 26244 RJT 52604 b
	149	+	1 under Section 10-22.31 of the School Code, for payment of the
	150	+	2 school district's share of the amounts required to be
	151	+	3 contributed by the Special Education District of Lake County
	152	+	4 to the Illinois Municipal Retirement Fund under Article 7 of
	153	+	5 the Illinois Pension Code; the amount of any extension under
	154	+	6 this item (k) shall be certified by the school district to the
	155	+	7 county clerk; (l) made to fund expenses of providing joint
	156	+	8 recreational programs for persons with disabilities under
	157	+	9 Section 5-8 of the Park District Code or Section 11-95-14 of
	158	+	10 the Illinois Municipal Code; (m) made for temporary relocation
	159	+	11 loan repayment purposes pursuant to Sections 2-3.77 and
	160	+	12 17-2.2d of the School Code; (n) made for payment of principal
	161	+	13 and interest on any bonds issued under the authority of
	162	+	14 Section 17-2.2d of the School Code; (o) made for contributions
	163	+	15 to a firefighter's pension fund created under Article 4 of the
	164	+	16 Illinois Pension Code, to the extent of the amount certified
	165	+	17 under item (5) of Section 4-134 of the Illinois Pension Code;
	166	+	18 and (p) made for road purposes in the first year after a
	167	+	19 township assumes the rights, powers, duties, assets, property,
	168	+	20 liabilities, obligations, and responsibilities of a road
	169	+	21 district abolished under the provisions of Section 6-133 of
	170	+	22 the Illinois Highway Code; and (q) made for the repayment of
	171	+	23 bonds or certificates issued to finance guaranteed energy
	172	+	24 savings contracts under Article 19b of the School Code.
	173	+	25 "Aggregate extension" for the taxing districts to which
	174	+	26 this Law did not apply before the 1995 levy year (except taxing
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	180	+	HB2492 - 4 - LRB103 26244 RJT 52604 b
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	184	+	HB2492 - 5 - LRB103 26244 RJT 52604 b
	185	+	1 districts subject to this Law in accordance with Section
	186	+	2 18-213) means the annual corporate extension for the taxing
	187	+	3 district and those special purpose extensions that are made
	188	+	4 annually for the taxing district, excluding special purpose
	189	+	5 extensions: (a) made for the taxing district to pay interest
	190	+	6 or principal on general obligation bonds that were approved by
	191	+	7 referendum; (b) made for any taxing district to pay interest
	192	+	8 or principal on general obligation bonds issued before March
	193	+	9 1, 1995; (c) made for any taxing district to pay interest or
	194	+	10 principal on bonds issued to refund or continue to refund
	195	+	11 those bonds issued before March 1, 1995; (d) made for any
	196	+	12 taxing district to pay interest or principal on bonds issued
	197	+	13 to refund or continue to refund bonds issued after March 1,
	198	+	14 1995 that were approved by referendum; (e) made for any taxing
	199	+	15 district to pay interest or principal on revenue bonds issued
	200	+	16 before March 1, 1995 for payment of which a property tax levy
	201	+	17 or the full faith and credit of the unit of local government is
	202	+	18 pledged; however, a tax for the payment of interest or
	203	+	19 principal on those bonds shall be made only after the
	204	+	20 governing body of the unit of local government finds that all
	205	+	21 other sources for payment are insufficient to make those
	206	+	22 payments; (f) made for payments under a building commission
	207	+	23 lease when the lease payments are for the retirement of bonds
	208	+	24 issued by the commission before March 1, 1995 to pay for the
	209	+	25 building project; (g) made for payments due under installment
	210	+	26 contracts entered into before March 1, 1995; (h) made for
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	221	+	1 payments of principal and interest on bonds issued under the
	222	+	2 Metropolitan Water Reclamation District Act to finance
	223	+	3 construction projects initiated before October 1, 1991; (h-4)
	224	+	4 made for stormwater management purposes by the Metropolitan
	225	+	5 Water Reclamation District of Greater Chicago under Section 12
	226	+	6 of the Metropolitan Water Reclamation District Act; (h-8) made
	227	+	7 for payments of principal and interest on bonds issued under
	228	+	8 Section 9.6a of the Metropolitan Water Reclamation District
	229	+	9 Act to make contributions to the pension fund established
	230	+	10 under Article 13 of the Illinois Pension Code; (i) made for
	231	+	11 payments of principal and interest on limited bonds, as
	232	+	12 defined in Section 3 of the Local Government Debt Reform Act,
	233	+	13 in an amount not to exceed the debt service extension base less
	234	+	14 the amount in items (b), (c), and (e) of this definition for
	235	+	15 non-referendum obligations, except obligations initially
	236	+	16 issued pursuant to referendum and bonds described in
	237	+	17 subsections (h) and (h-8) of this definition; (j) made for
	238	+	18 payments of principal and interest on bonds issued under
	239	+	19 Section 15 of the Local Government Debt Reform Act; (k) made
	240	+	20 for payments of principal and interest on bonds authorized by
	241	+	21 Public Act 88-503 and issued under Section 20a of the Chicago
	242	+	22 Park District Act for aquarium or museum projects and bonds
	243	+	23 issued under Section 20a of the Chicago Park District Act for
	244	+	24 the purpose of making contributions to the pension fund
	245	+	25 established under Article 12 of the Illinois Pension Code; (l)
	246	+	26 made for payments of principal and interest on bonds
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	252	+	HB2492 - 6 - LRB103 26244 RJT 52604 b
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	257	+	1 authorized by Public Act 87-1191 or 93-601 and (i) issued
	258	+	2 pursuant to Section 21.2 of the Cook County Forest Preserve
	259	+	3 District Act, (ii) issued under Section 42 of the Cook County
	260	+	4 Forest Preserve District Act for zoological park projects, or
	261	+	5 (iii) issued under Section 44.1 of the Cook County Forest
	262	+	6 Preserve District Act for botanical gardens projects; (m) made
	263	+	7 pursuant to Section 34-53.5 of the School Code, whether levied
	264	+	8 annually or not; (n) made to fund expenses of providing joint
	265	+	9 recreational programs for persons with disabilities under
	266	+	10 Section 5-8 of the Park District Code or Section 11-95-14 of
	267	+	11 the Illinois Municipal Code; (o) made by the Chicago Park
	268	+	12 District for recreational programs for persons with
	269	+	13 disabilities under subsection (c) of Section 7.06 of the
	270	+	14 Chicago Park District Act; (p) made for contributions to a
	271	+	15 firefighter's pension fund created under Article 4 of the
	272	+	16 Illinois Pension Code, to the extent of the amount certified
	273	+	17 under item (5) of Section 4-134 of the Illinois Pension Code;
	274	+	18 (q) made by Ford Heights School District 169 under Section
	275	+	19 17-9.02 of the School Code; and (r) made for the purpose of
	276	+	20 making employer contributions to the Public School Teachers'
	277	+	21 Pension and Retirement Fund of Chicago under Section 34-53 of
	278	+	22 the School Code; and (s) made for the repayment of bonds or
	279	+	23 certificates issued to finance guaranteed energy savings
	280	+	24 contracts under Article 19b of the School Code.
	281	+	25 "Aggregate extension" for all taxing districts to which
	282	+	26 this Law applies in accordance with Section 18-213, except for
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	292	+	HB2492 - 8 - LRB103 26244 RJT 52604 b
	293	+	1 those taxing districts subject to paragraph (2) of subsection
	294	+	2 (e) of Section 18-213, means the annual corporate extension
	295	+	3 for the taxing district and those special purpose extensions
	296	+	4 that are made annually for the taxing district, excluding
	297	+	5 special purpose extensions: (a) made for the taxing district
	298	+	6 to pay interest or principal on general obligation bonds that
	299	+	7 were approved by referendum; (b) made for any taxing district
	300	+	8 to pay interest or principal on general obligation bonds
	301	+	9 issued before the date on which the referendum making this Law
	302	+	10 applicable to the taxing district is held; (c) made for any
	303	+	11 taxing district to pay interest or principal on bonds issued
	304	+	12 to refund or continue to refund those bonds issued before the
	305	+	13 date on which the referendum making this Law applicable to the
	306	+	14 taxing district is held; (d) made for any taxing district to
	307	+	15 pay interest or principal on bonds issued to refund or
	308	+	16 continue to refund bonds issued after the date on which the
	309	+	17 referendum making this Law applicable to the taxing district
	310	+	18 is held if the bonds were approved by referendum after the date
	311	+	19 on which the referendum making this Law applicable to the
	312	+	20 taxing district is held; (e) made for any taxing district to
	313	+	21 pay interest or principal on revenue bonds issued before the
	314	+	22 date on which the referendum making this Law applicable to the
	315	+	23 taxing district is held for payment of which a property tax
	316	+	24 levy or the full faith and credit of the unit of local
	317	+	25 government is pledged; however, a tax for the payment of
	318	+	26 interest or principal on those bonds shall be made only after
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	328	+	HB2492 - 9 - LRB103 26244 RJT 52604 b
	329	+	1 the governing body of the unit of local government finds that
	330	+	2 all other sources for payment are insufficient to make those
	331	+	3 payments; (f) made for payments under a building commission
	332	+	4 lease when the lease payments are for the retirement of bonds
	333	+	5 issued by the commission before the date on which the
	334	+	6 referendum making this Law applicable to the taxing district
	335	+	7 is held to pay for the building project; (g) made for payments
	336	+	8 due under installment contracts entered into before the date
	337	+	9 on which the referendum making this Law applicable to the
	338	+	10 taxing district is held; (h) made for payments of principal
	339	+	11 and interest on limited bonds, as defined in Section 3 of the
	340	+	12 Local Government Debt Reform Act, in an amount not to exceed
	341	+	13 the debt service extension base less the amount in items (b),
	342	+	14 (c), and (e) of this definition for non-referendum
	343	+	15 obligations, except obligations initially issued pursuant to
	344	+	16 referendum; (i) made for payments of principal and interest on
	345	+	17 bonds issued under Section 15 of the Local Government Debt
	346	+	18 Reform Act; (j) made for a qualified airport authority to pay
	347	+	19 interest or principal on general obligation bonds issued for
	348	+	20 the purpose of paying obligations due under, or financing
	349	+	21 airport facilities required to be acquired, constructed,
	350	+	22 installed or equipped pursuant to, contracts entered into
	351	+	23 before March 1, 1996 (but not including any amendments to such
	352	+	24 a contract taking effect on or after that date); (k) made to
	353	+	25 fund expenses of providing joint recreational programs for
	354	+	26 persons with disabilities under Section 5-8 of the Park
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	364	+	HB2492 - 10 - LRB103 26244 RJT 52604 b
	365	+	1 District Code or Section 11-95-14 of the Illinois Municipal
	366	+	2 Code; (l) made for contributions to a firefighter's pension
	367	+	3 fund created under Article 4 of the Illinois Pension Code, to
	368	+	4 the extent of the amount certified under item (5) of Section
	369	+	5 4-134 of the Illinois Pension Code; and (m) made for the taxing
	370	+	6 district to pay interest or principal on general obligation
	371	+	7 bonds issued pursuant to Section 19-3.10 of the School Code;
	372	+	8 and (n) made for the repayment of bonds or certificates issued
	373	+	9 to finance guaranteed energy savings contracts under Article
	374	+	10 19b of the School Code.
	375	+	11 "Aggregate extension" for all taxing districts to which
	376	+	12 this Law applies in accordance with paragraph (2) of
	377	+	13 subsection (e) of Section 18-213 means the annual corporate
	378	+	14 extension for the taxing district and those special purpose
	379	+	15 extensions that are made annually for the taxing district,
	380	+	16 excluding special purpose extensions: (a) made for the taxing
	381	+	17 district to pay interest or principal on general obligation
	382	+	18 bonds that were approved by referendum; (b) made for any
	383	+	19 taxing district to pay interest or principal on general
	384	+	20 obligation bonds issued before March 7, 1997 (the effective
	385	+	21 date of Public Act 89-718); (c) made for any taxing district to
	386	+	22 pay interest or principal on bonds issued to refund or
	387	+	23 continue to refund those bonds issued before March 7, 1997
	388	+	24 (the effective date of Public Act 89-718); (d) made for any
	389	+	25 taxing district to pay interest or principal on bonds issued
	390	+	26 to refund or continue to refund bonds issued after March 7,
	391	+
	392	+
	393	+
	394	+
	395	+
	396	+	HB2492 - 10 - LRB103 26244 RJT 52604 b
	397	+
	398	+
	399	+	HB2492- 11 -LRB103 26244 RJT 52604 b HB2492 - 11 - LRB103 26244 RJT 52604 b
	400	+	HB2492 - 11 - LRB103 26244 RJT 52604 b
	401	+	1 1997 (the effective date of Public Act 89-718) if the bonds
	402	+	2 were approved by referendum after March 7, 1997 (the effective
	403	+	3 date of Public Act 89-718); (e) made for any taxing district to
	404	+	4 pay interest or principal on revenue bonds issued before March
	405	+	5 7, 1997 (the effective date of Public Act 89-718) for payment
	406	+	6 of which a property tax levy or the full faith and credit of
	407	+	7 the unit of local government is pledged; however, a tax for the
	408	+	8 payment of interest or principal on those bonds shall be made
	409	+	9 only after the governing body of the unit of local government
	410	+	10 finds that all other sources for payment are insufficient to
	411	+	11 make those payments; (f) made for payments under a building
	412	+	12 commission lease when the lease payments are for the
	413	+	13 retirement of bonds issued by the commission before March 7,
	414	+	14 1997 (the effective date of Public Act 89-718) to pay for the
	415	+	15 building project; (g) made for payments due under installment
	416	+	16 contracts entered into before March 7, 1997 (the effective
	417	+	17 date of Public Act 89-718); (h) made for payments of principal
	418	+	18 and interest on limited bonds, as defined in Section 3 of the
	419	+	19 Local Government Debt Reform Act, in an amount not to exceed
	420	+	20 the debt service extension base less the amount in items (b),
	421	+	21 (c), and (e) of this definition for non-referendum
	422	+	22 obligations, except obligations initially issued pursuant to
	423	+	23 referendum; (i) made for payments of principal and interest on
	424	+	24 bonds issued under Section 15 of the Local Government Debt
	425	+	25 Reform Act; (j) made for a qualified airport authority to pay
	426	+	26 interest or principal on general obligation bonds issued for
	427	+
	428	+
	429	+
	430	+
	431	+
	432	+	HB2492 - 11 - LRB103 26244 RJT 52604 b
	433	+
	434	+
	435	+	HB2492- 12 -LRB103 26244 RJT 52604 b HB2492 - 12 - LRB103 26244 RJT 52604 b
	436	+	HB2492 - 12 - LRB103 26244 RJT 52604 b
	437	+	1 the purpose of paying obligations due under, or financing
	438	+	2 airport facilities required to be acquired, constructed,
	439	+	3 installed or equipped pursuant to, contracts entered into
	440	+	4 before March 1, 1996 (but not including any amendments to such
	441	+	5 a contract taking effect on or after that date); (k) made to
	442	+	6 fund expenses of providing joint recreational programs for
	443	+	7 persons with disabilities under Section 5-8 of the Park
	444	+	8 District Code or Section 11-95-14 of the Illinois Municipal
	445	+	9 Code; and (l) made for contributions to a firefighter's
	446	+	10 pension fund created under Article 4 of the Illinois Pension
	447	+	11 Code, to the extent of the amount certified under item (5) of
	448	+	12 Section 4-134 of the Illinois Pension Code; and (m) made for
	449	+	13 the repayment of bonds or certificates issued to finance
	450	+	14 guaranteed energy savings contracts under Article 19b of the
	451	+	15 School Code.
	452	+	16 "Debt service extension base" means an amount equal to
	453	+	17 that portion of the extension for a taxing district for the
	454	+	18 1994 levy year, or for those taxing districts subject to this
	455	+	19 Law in accordance with Section 18-213, except for those
	456	+	20 subject to paragraph (2) of subsection (e) of Section 18-213,
	457	+	21 for the levy year in which the referendum making this Law
	458	+	22 applicable to the taxing district is held, or for those taxing
	459	+	23 districts subject to this Law in accordance with paragraph (2)
	460	+	24 of subsection (e) of Section 18-213 for the 1996 levy year,
	461	+	25 constituting an extension for payment of principal and
	462	+	26 interest on bonds issued by the taxing district without
	463	+
	464	+
	465	+
	466	+
	467	+
	468	+	HB2492 - 12 - LRB103 26244 RJT 52604 b
	469	+
	470	+
	471	+	HB2492- 13 -LRB103 26244 RJT 52604 b HB2492 - 13 - LRB103 26244 RJT 52604 b
	472	+	HB2492 - 13 - LRB103 26244 RJT 52604 b
	473	+	1 referendum, but not including excluded non-referendum bonds.
	474	+	2 For park districts (i) that were first subject to this Law in
	475	+	3 1991 or 1995 and (ii) whose extension for the 1994 levy year
	476	+	4 for the payment of principal and interest on bonds issued by
	477	+	5 the park district without referendum (but not including
	478	+	6 excluded non-referendum bonds) was less than 51% of the amount
	479	+	7 for the 1991 levy year constituting an extension for payment
	480	+	8 of principal and interest on bonds issued by the park district
	481	+	9 without referendum (but not including excluded non-referendum
	482	+	10 bonds), "debt service extension base" means an amount equal to
	483	+	11 that portion of the extension for the 1991 levy year
	484	+	12 constituting an extension for payment of principal and
	485	+	13 interest on bonds issued by the park district without
	486	+	14 referendum (but not including excluded non-referendum bonds).
	487	+	15 A debt service extension base established or increased at any
	488	+	16 time pursuant to any provision of this Law, except Section
	489	+	17 18-212, shall be increased each year commencing with the later
	490	+	18 of (i) the 2009 levy year or (ii) the first levy year in which
	491	+	19 this Law becomes applicable to the taxing district, by the
	492	+	20 lesser of 5% or the percentage increase in the Consumer Price
	493	+	21 Index during the 12-month calendar year preceding the levy
	494	+	22 year. The debt service extension base may be established or
	495	+	23 increased as provided under Section 18-212. "Excluded
	496	+	24 non-referendum bonds" means (i) bonds authorized by Public Act
	497	+	25 88-503 and issued under Section 20a of the Chicago Park
	498	+	26 District Act for aquarium and museum projects; (ii) bonds
	499	+
	500	+
	501	+
	502	+
	503	+
	504	+	HB2492 - 13 - LRB103 26244 RJT 52604 b
	505	+
	506	+
	507	+	HB2492- 14 -LRB103 26244 RJT 52604 b HB2492 - 14 - LRB103 26244 RJT 52604 b
	508	+	HB2492 - 14 - LRB103 26244 RJT 52604 b
	509	+	1 issued under Section 15 of the Local Government Debt Reform
	510	+	2 Act; or (iii) refunding obligations issued to refund or to
	511	+	3 continue to refund obligations initially issued pursuant to
	512	+	4 referendum.
	513	+	5 "Special purpose extensions" include, but are not limited
	514	+	6 to, extensions for levies made on an annual basis for
	515	+	7 unemployment and workers' compensation, self-insurance,
	516	+	8 contributions to pension plans, and extensions made pursuant
	517	+	9 to Section 6-601 of the Illinois Highway Code for a road
	518	+	10 district's permanent road fund whether levied annually or not.
	519	+	11 The extension for a special service area is not included in the
	520	+	12 aggregate extension.
	521	+	13 "Aggregate extension base" means the taxing district's
	522	+	14 last preceding aggregate extension as adjusted under Sections
	523	+	15 18-135, 18-215, 18-230, 18-206, and 18-233. Beginning with
	524	+	16 levy year 2022, for taxing districts that are specified in
	525	+	17 Section 18-190.7, the taxing district's aggregate extension
	526	+	18 base shall be calculated as provided in Section 18-190.7. An
	527	+	19 adjustment under Section 18-135 shall be made for the 2007
	528	+	20 levy year and all subsequent levy years whenever one or more
	529	+	21 counties within which a taxing district is located (i) used
	530	+	22 estimated valuations or rates when extending taxes in the
	531	+	23 taxing district for the last preceding levy year that resulted
	532	+	24 in the over or under extension of taxes, or (ii) increased or
	533	+	25 decreased the tax extension for the last preceding levy year
	534	+	26 as required by Section 18-135(c). Whenever an adjustment is
	535	+
	536	+
	537	+
	538	+
	539	+
	540	+	HB2492 - 14 - LRB103 26244 RJT 52604 b
	541	+
	542	+
	543	+	HB2492- 15 -LRB103 26244 RJT 52604 b HB2492 - 15 - LRB103 26244 RJT 52604 b
	544	+	HB2492 - 15 - LRB103 26244 RJT 52604 b
	545	+	1 required under Section 18-135, the aggregate extension base of
	546	+	2 the taxing district shall be equal to the amount that the
	547	+	3 aggregate extension of the taxing district would have been for
	548	+	4 the last preceding levy year if either or both (i) actual,
	549	+	5 rather than estimated, valuations or rates had been used to
	550	+	6 calculate the extension of taxes for the last levy year, or
	551	+	7 (ii) the tax extension for the last preceding levy year had not
	552	+	8 been adjusted as required by subsection (c) of Section 18-135.
	553	+	9 Notwithstanding any other provision of law, for levy year
	554	+	10 2012, the aggregate extension base for West Northfield School
	555	+	11 District No. 31 in Cook County shall be $12,654,592.
	556	+	12 Notwithstanding any other provision of law, for levy year
	557	+	13 2022, the aggregate extension base of a home equity assurance
	558	+	14 program that levied at least $1,000,000 in property taxes in
	559	+	15 levy year 2019 or 2020 under the Home Equity Assurance Act
	560	+	16 shall be the amount that the program's aggregate extension
	561	+	17 base for levy year 2021 would have been if the program had
	562	+	18 levied a property tax for levy year 2021.
	563	+	19 "Levy year" has the same meaning as "year" under Section
	564	+	20 1-155.
	565	+	21 "New property" means (i) the assessed value, after final
	566	+	22 board of review or board of appeals action, of new
	567	+	23 improvements or additions to existing improvements on any
	568	+	24 parcel of real property that increase the assessed value of
	569	+	25 that real property during the levy year multiplied by the
	570	+	26 equalization factor issued by the Department under Section
	571	+
	572	+
	573	+
	574	+
	575	+
	576	+	HB2492 - 15 - LRB103 26244 RJT 52604 b
	577	+
	578	+
	579	+	HB2492- 16 -LRB103 26244 RJT 52604 b HB2492 - 16 - LRB103 26244 RJT 52604 b
	580	+	HB2492 - 16 - LRB103 26244 RJT 52604 b
	581	+	1 17-30, (ii) the assessed value, after final board of review or
	582	+	2 board of appeals action, of real property not exempt from real
	583	+	3 estate taxation, which real property was exempt from real
	584	+	4 estate taxation for any portion of the immediately preceding
	585	+	5 levy year, multiplied by the equalization factor issued by the
	586	+	6 Department under Section 17-30, including the assessed value,
	587	+	7 upon final stabilization of occupancy after new construction
	588	+	8 is complete, of any real property located within the
	589	+	9 boundaries of an otherwise or previously exempt military
	590	+	10 reservation that is intended for residential use and owned by
	591	+	11 or leased to a private corporation or other entity, (iii) in
	592	+	12 counties that classify in accordance with Section 4 of Article
	593	+	13 IX of the Illinois Constitution, an incentive property's
	594	+	14 additional assessed value resulting from a scheduled increase
	595	+	15 in the level of assessment as applied to the first year final
	596	+	16 board of review market value, and (iv) any increase in
	597	+	17 assessed value due to oil or gas production from an oil or gas
	598	+	18 well required to be permitted under the Hydraulic Fracturing
	599	+	19 Regulatory Act that was not produced in or accounted for
	600	+	20 during the previous levy year. In addition, the county clerk
	601	+	21 in a county containing a population of 3,000,000 or more shall
	602	+	22 include in the 1997 recovered tax increment value for any
	603	+	23 school district, any recovered tax increment value that was
	604	+	24 applicable to the 1995 tax year calculations.
	605	+	25 "Qualified airport authority" means an airport authority
	606	+	26 organized under the Airport Authorities Act and located in a
	607	+
	608	+
	609	+
	610	+
	611	+
	612	+	HB2492 - 16 - LRB103 26244 RJT 52604 b
	613	+
	614	+
	615	+	HB2492- 17 -LRB103 26244 RJT 52604 b HB2492 - 17 - LRB103 26244 RJT 52604 b
	616	+	HB2492 - 17 - LRB103 26244 RJT 52604 b
	617	+	1 county bordering on the State of Wisconsin and having a
	618	+	2 population in excess of 200,000 and not greater than 500,000.
	619	+	3 "Recovered tax increment value" means, except as otherwise
	620	+	4 provided in this paragraph, the amount of the current year's
	621	+	5 equalized assessed value, in the first year after a
	622	+	6 municipality terminates the designation of an area as a
	623	+	7 redevelopment project area previously established under the
	624	+	8 Tax Increment Allocation Redevelopment Act in the Illinois
	625	+	9 Municipal Code, previously established under the Industrial
	626	+	10 Jobs Recovery Law in the Illinois Municipal Code, previously
	627	+	11 established under the Economic Development Project Area Tax
	628	+	12 Increment Act of 1995, or previously established under the
	629	+	13 Economic Development Area Tax Increment Allocation Act, of
	630	+	14 each taxable lot, block, tract, or parcel of real property in
	631	+	15 the redevelopment project area over and above the initial
	632	+	16 equalized assessed value of each property in the redevelopment
	633	+	17 project area. For the taxes which are extended for the 1997
	634	+	18 levy year, the recovered tax increment value for a non-home
	635	+	19 rule taxing district that first became subject to this Law for
	636	+	20 the 1995 levy year because a majority of its 1994 equalized
	637	+	21 assessed value was in an affected county or counties shall be
	638	+	22 increased if a municipality terminated the designation of an
	639	+	23 area in 1993 as a redevelopment project area previously
	640	+	24 established under the Tax Increment Allocation Redevelopment
	641	+	25 Act in the Illinois Municipal Code, previously established
	642	+	26 under the Industrial Jobs Recovery Law in the Illinois
	643	+
	644	+
	645	+
	646	+
	647	+
	648	+	HB2492 - 17 - LRB103 26244 RJT 52604 b
	649	+
	650	+
	651	+	HB2492- 18 -LRB103 26244 RJT 52604 b HB2492 - 18 - LRB103 26244 RJT 52604 b
	652	+	HB2492 - 18 - LRB103 26244 RJT 52604 b
	653	+	1 Municipal Code, or previously established under the Economic
	654	+	2 Development Area Tax Increment Allocation Act, by an amount
	655	+	3 equal to the 1994 equalized assessed value of each taxable
	656	+	4 lot, block, tract, or parcel of real property in the
	657	+	5 redevelopment project area over and above the initial
	658	+	6 equalized assessed value of each property in the redevelopment
	659	+	7 project area. In the first year after a municipality removes a
	660	+	8 taxable lot, block, tract, or parcel of real property from a
	661	+	9 redevelopment project area established under the Tax Increment
	662	+	10 Allocation Redevelopment Act in the Illinois Municipal Code,
	663	+	11 the Industrial Jobs Recovery Law in the Illinois Municipal
	664	+	12 Code, or the Economic Development Area Tax Increment
	665	+	13 Allocation Act, "recovered tax increment value" means the
	666	+	14 amount of the current year's equalized assessed value of each
	667	+	15 taxable lot, block, tract, or parcel of real property removed
	668	+	16 from the redevelopment project area over and above the initial
	669	+	17 equalized assessed value of that real property before removal
	670	+	18 from the redevelopment project area.
	671	+	19 Except as otherwise provided in this Section, "limiting
	672	+	20 rate" means a fraction the numerator of which is the last
	673	+	21 preceding aggregate extension base times an amount equal to
	674	+	22 one plus the extension limitation defined in this Section and
	675	+	23 the denominator of which is the current year's equalized
	676	+	24 assessed value of all real property in the territory under the
	677	+	25 jurisdiction of the taxing district during the prior levy
	678	+	26 year. For those taxing districts that reduced their aggregate
	679	+
	680	+
	681	+
	682	+
	683	+
	684	+	HB2492 - 18 - LRB103 26244 RJT 52604 b
	685	+
	686	+
	687	+	HB2492- 19 -LRB103 26244 RJT 52604 b HB2492 - 19 - LRB103 26244 RJT 52604 b
	688	+	HB2492 - 19 - LRB103 26244 RJT 52604 b
	689	+	1 extension for the last preceding levy year, except for school
	690	+	2 districts that reduced their extension for educational
	691	+	3 purposes pursuant to Section 18-206, the highest aggregate
	692	+	4 extension in any of the last 3 preceding levy years shall be
	693	+	5 used for the purpose of computing the limiting rate. The
	694	+	6 denominator shall not include new property or the recovered
	695	+	7 tax increment value. If a new rate, a rate decrease, or a
	696	+	8 limiting rate increase has been approved at an election held
	697	+	9 after March 21, 2006, then (i) the otherwise applicable
	698	+	10 limiting rate shall be increased by the amount of the new rate
	699	+	11 or shall be reduced by the amount of the rate decrease, as the
	700	+	12 case may be, or (ii) in the case of a limiting rate increase,
	701	+	13 the limiting rate shall be equal to the rate set forth in the
	702	+	14 proposition approved by the voters for each of the years
	703	+	15 specified in the proposition, after which the limiting rate of
	704	+	16 the taxing district shall be calculated as otherwise provided.
	705	+	17 In the case of a taxing district that obtained referendum
	706	+	18 approval for an increased limiting rate on March 20, 2012, the
	707	+	19 limiting rate for tax year 2012 shall be the rate that
	708	+	20 generates the approximate total amount of taxes extendable for
	709	+	21 that tax year, as set forth in the proposition approved by the
	710	+	22 voters; this rate shall be the final rate applied by the county
	711	+	23 clerk for the aggregate of all capped funds of the district for
	712	+	24 tax year 2012.
	713	+	25 (Source: P.A. 102-263, eff. 8-6-21; 102-311, eff. 8-6-21;
	714	+	26 102-519, eff. 8-20-21; 102-558, eff. 8-20-21; 102-707, eff.
	715	+
	716	+
	717	+
	718	+
	719	+
	720	+	HB2492 - 19 - LRB103 26244 RJT 52604 b
	721	+
	722	+
	723	+	HB2492- 20 -LRB103 26244 RJT 52604 b HB2492 - 20 - LRB103 26244 RJT 52604 b
	724	+	HB2492 - 20 - LRB103 26244 RJT 52604 b
	725	+	1 4-22-22; 102-813, eff. 5-13-22; 102-895, eff. 5-23-22; revised
	726	+	2 8-29-22.)
	727	+	3 Section 10. The School Code is amended by changing
	728	+	4 Sections 19-1 and 19b-6 and by adding Section 19b-5.5 as
	729	+	5 follows:
8	730		6 (105 ILCS 5/19-1)
9	731		7 Sec. 19-1. Debt limitations of school districts.
10	732		8 (a) School districts shall not be subject to the
11	733		9 provisions limiting their indebtedness prescribed in the Local
12	734		10 Government Debt Limitation Act.
13	735		11 No school districts maintaining grades K through 8 or 9
14	736		12 through 12 shall become indebted in any manner or for any
15	737		13 purpose to an amount, including existing indebtedness, in the
16	738		14 aggregate exceeding 6.9% on the value of the taxable property
17	739		15 therein to be ascertained by the last assessment for State and
18	740		16 county taxes or, until January 1, 1983, if greater, the sum
19	741		17 that is produced by multiplying the school district's 1978
20	742		18 equalized assessed valuation by the debt limitation percentage
21	743		19 in effect on January 1, 1979, previous to the incurring of such
22	744		20 indebtedness.
23	745		21 No school districts maintaining grades K through 12 shall
24	746		22 become indebted in any manner or for any purpose to an amount,
25	747		23 including existing indebtedness, in the aggregate exceeding
26		-
27		-
28		-
29		-	HB2492 Engrossed LRB103 26244 RJT 52604 b
30		-
31		-
32		-	HB2492 Engrossed- 2 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 2 - LRB103 26244 RJT 52604 b
33		-	HB2492 Engrossed - 2 - LRB103 26244 RJT 52604 b
34		-	1 13.8% on the value of the taxable property therein to be
35		-	2 ascertained by the last assessment for State and county taxes
36		-	3 or, until January 1, 1983, if greater, the sum that is produced
37		-	4 by multiplying the school district's 1978 equalized assessed
38		-	5 valuation by the debt limitation percentage in effect on
39		-	6 January 1, 1979, previous to the incurring of such
40		-	7 indebtedness.
41		-	8 No partial elementary unit district, as defined in Article
42		-	9 11E of this Code, shall become indebted in any manner or for
43		-	10 any purpose in an amount, including existing indebtedness, in
44		-	11 the aggregate exceeding 6.9% of the value of the taxable
45		-	12 property of the entire district, to be ascertained by the last
46		-	13 assessment for State and county taxes, plus an amount,
47		-	14 including existing indebtedness, in the aggregate exceeding
48		-	15 6.9% of the value of the taxable property of that portion of
49		-	16 the district included in the elementary and high school
50		-	17 classification, to be ascertained by the last assessment for
51		-	18 State and county taxes. Moreover, no partial elementary unit
52		-	19 district, as defined in Article 11E of this Code, shall become
53		-	20 indebted on account of bonds issued by the district for high
54		-	21 school purposes in the aggregate exceeding 6.9% of the value
55		-	22 of the taxable property of the entire district, to be
56		-	23 ascertained by the last assessment for State and county taxes,
57		-	24 nor shall the district become indebted on account of bonds
58		-	25 issued by the district for elementary purposes in the
59		-	26 aggregate exceeding 6.9% of the value of the taxable property
60		-
61		-
62		-
63		-
64		-
65		-	HB2492 Engrossed - 2 - LRB103 26244 RJT 52604 b
66		-
67		-
68		-	HB2492 Engrossed- 3 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 3 - LRB103 26244 RJT 52604 b
69		-	HB2492 Engrossed - 3 - LRB103 26244 RJT 52604 b
70		-	1 for that portion of the district included in the elementary
71		-	2 and high school classification, to be ascertained by the last
72		-	3 assessment for State and county taxes.
73		-	4 Notwithstanding the provisions of any other law to the
74		-	5 contrary, in any case in which the voters of a school district
75		-	6 have approved a proposition for the issuance of bonds of such
76		-	7 school district at an election held prior to January 1, 1979,
77		-	8 and all of the bonds approved at such election have not been
78		-	9 issued, the debt limitation applicable to such school district
79		-	10 during the calendar year 1979 shall be computed by multiplying
80		-	11 the value of taxable property therein, including personal
81		-	12 property, as ascertained by the last assessment for State and
82		-	13 county taxes, previous to the incurring of such indebtedness,
83		-	14 by the percentage limitation applicable to such school
84		-	15 district under the provisions of this subsection (a).
85		-	16 (a-5) After January 1, 2018, no school district may issue
86		-	17 bonds under Sections 19-2 through 19-7 of this Code and rely on
87		-	18 an exception to the debt limitations in this Section unless it
88		-	19 has complied with the requirements of Section 21 of the Bond
89		-	20 Issue Notification Act and the bonds have been approved by
90		-	21 referendum.
91		-	22 (b) Notwithstanding the debt limitation prescribed in
92		-	23 subsection (a) of this Section, additional indebtedness may be
93		-	24 incurred in an amount not to exceed the estimated cost of
94		-	25 acquiring or improving school sites or constructing and
95		-	26 equipping additional building facilities under the following
96		-
97		-
98		-
99		-
100		-
101		-	HB2492 Engrossed - 3 - LRB103 26244 RJT 52604 b
102		-
103		-
104		-	HB2492 Engrossed- 4 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 4 - LRB103 26244 RJT 52604 b
105		-	HB2492 Engrossed - 4 - LRB103 26244 RJT 52604 b
106		-	1 conditions:
107		-	2 (1) Whenever the enrollment of students for the next
108		-	3 school year is estimated by the board of education to
109		-	4 increase over the actual present enrollment by not less
110		-	5 than 35% or by not less than 200 students or the actual
111		-	6 present enrollment of students has increased over the
112		-	7 previous school year by not less than 35% or by not less
113		-	8 than 200 students and the board of education determines
114		-	9 that additional school sites or building facilities are
115		-	10 required as a result of such increase in enrollment; and
116		-	11 (2) When the Regional Superintendent of Schools having
117		-	12 jurisdiction over the school district and the State
118		-	13 Superintendent of Education concur in such enrollment
119		-	14 projection or increase and approve the need for such
120		-	15 additional school sites or building facilities and the
121		-	16 estimated cost thereof; and
122		-	17 (3) When the voters in the school district approve a
123		-	18 proposition for the issuance of bonds for the purpose of
124		-	19 acquiring or improving such needed school sites or
125		-	20 constructing and equipping such needed additional building
126		-	21 facilities at an election called and held for that
127		-	22 purpose. Notice of such an election shall state that the
128		-	23 amount of indebtedness proposed to be incurred would
129		-	24 exceed the debt limitation otherwise applicable to the
130		-	25 school district. The ballot for such proposition shall
131		-	26 state what percentage of the equalized assessed valuation
132		-
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142		-	1 will be outstanding in bonds if the proposed issuance of
143		-	2 bonds is approved by the voters; or
144		-	3 (4) Notwithstanding the provisions of paragraphs (1)
145		-	4 through (3) of this subsection (b), if the school board
146		-	5 determines that additional facilities are needed to
147		-	6 provide a quality educational program and not less than
148		-	7 2/3 of those voting in an election called by the school
149		-	8 board on the question approve the issuance of bonds for
150		-	9 the construction of such facilities, the school district
151		-	10 may issue bonds for this purpose; or
152		-	11 (5) Notwithstanding the provisions of paragraphs (1)
153		-	12 through (3) of this subsection (b), if (i) the school
154		-	13 district has previously availed itself of the provisions
155		-	14 of paragraph (4) of this subsection (b) to enable it to
156		-	15 issue bonds, (ii) the voters of the school district have
157		-	16 not defeated a proposition for the issuance of bonds since
158		-	17 the referendum described in paragraph (4) of this
159		-	18 subsection (b) was held, (iii) the school board determines
160		-	19 that additional facilities are needed to provide a quality
161		-	20 educational program, and (iv) a majority of those voting
162		-	21 in an election called by the school board on the question
163		-	22 approve the issuance of bonds for the construction of such
164		-	23 facilities, the school district may issue bonds for this
165		-	24 purpose.
166		-	25 In no event shall the indebtedness incurred pursuant to
167		-	26 this subsection (b) and the existing indebtedness of the
168		-
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177		-	HB2492 Engrossed - 6 - LRB103 26244 RJT 52604 b
178		-	1 school district exceed 15% of the value of the taxable
179		-	2 property therein to be ascertained by the last assessment for
180		-	3 State and county taxes, previous to the incurring of such
181		-	4 indebtedness or, until January 1, 1983, if greater, the sum
182		-	5 that is produced by multiplying the school district's 1978
183		-	6 equalized assessed valuation by the debt limitation percentage
184		-	7 in effect on January 1, 1979.
185		-	8 The indebtedness provided for by this subsection (b) shall
186		-	9 be in addition to and in excess of any other debt limitation.
187		-	10 (c) Notwithstanding the debt limitation prescribed in
188		-	11 subsection (a) of this Section, in any case in which a public
189		-	12 question for the issuance of bonds of a proposed school
190		-	13 district maintaining grades kindergarten through 12 received
191		-	14 at least 60% of the valid ballots cast on the question at an
192		-	15 election held on or prior to November 8, 1994, and in which the
193		-	16 bonds approved at such election have not been issued, the
194		-	17 school district pursuant to the requirements of Section 11A-10
195		-	18 (now repealed) may issue the total amount of bonds approved at
196		-	19 such election for the purpose stated in the question.
197		-	20 (d) Notwithstanding the debt limitation prescribed in
198		-	21 subsection (a) of this Section, a school district that meets
199		-	22 all the criteria set forth in paragraphs (1) and (2) of this
200		-	23 subsection (d) may incur an additional indebtedness in an
201		-	24 amount not to exceed $4,500,000, even though the amount of the
202		-	25 additional indebtedness authorized by this subsection (d),
203		-	26 when incurred and added to the aggregate amount of
204		-
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213		-	HB2492 Engrossed - 7 - LRB103 26244 RJT 52604 b
214		-	1 indebtedness of the district existing immediately prior to the
215		-	2 district incurring the additional indebtedness authorized by
216		-	3 this subsection (d), causes the aggregate indebtedness of the
217		-	4 district to exceed the debt limitation otherwise applicable to
218		-	5 that district under subsection (a):
219		-	6 (1) The additional indebtedness authorized by this
220		-	7 subsection (d) is incurred by the school district through
221		-	8 the issuance of bonds under and in accordance with Section
222		-	9 17-2.11a for the purpose of replacing a school building
223		-	10 which, because of mine subsidence damage, has been closed
224		-	11 as provided in paragraph (2) of this subsection (d) or
225		-	12 through the issuance of bonds under and in accordance with
226		-	13 Section 19-3 for the purpose of increasing the size of, or
227		-	14 providing for additional functions in, such replacement
228		-	15 school buildings, or both such purposes.
229		-	16 (2) The bonds issued by the school district as
230		-	17 provided in paragraph (1) above are issued for the
231		-	18 purposes of construction by the school district of a new
232		-	19 school building pursuant to Section 17-2.11, to replace an
233		-	20 existing school building that, because of mine subsidence
234		-	21 damage, is closed as of the end of the 1992-93 school year
235		-	22 pursuant to action of the regional superintendent of
236		-	23 schools of the educational service region in which the
237		-	24 district is located under Section 3-14.22 or are issued
238		-	25 for the purpose of increasing the size of, or providing
239		-	26 for additional functions in, the new school building being
240		-
241		-
242		-
243		-
244		-
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246		-
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249		-	HB2492 Engrossed - 8 - LRB103 26244 RJT 52604 b
250		-	1 constructed to replace a school building closed as the
251		-	2 result of mine subsidence damage, or both such purposes.
252		-	3 (e) (Blank).
253		-	4 (f) Notwithstanding the provisions of subsection (a) of
254		-	5 this Section or of any other law, bonds in not to exceed the
255		-	6 aggregate amount of $5,500,000 and issued by a school district
256		-	7 meeting the following criteria shall not be considered
257		-	8 indebtedness for purposes of any statutory limitation and may
258		-	9 be issued in an amount or amounts, including existing
259		-	10 indebtedness, in excess of any heretofore or hereafter imposed
260		-	11 statutory limitation as to indebtedness:
261		-	12 (1) At the time of the sale of such bonds, the board of
262		-	13 education of the district shall have determined by
263		-	14 resolution that the enrollment of students in the district
264		-	15 is projected to increase by not less than 7% during each of
265		-	16 the next succeeding 2 school years.
266		-	17 (2) The board of education shall also determine by
267		-	18 resolution that the improvements to be financed with the
268		-	19 proceeds of the bonds are needed because of the projected
269		-	20 enrollment increases.
270		-	21 (3) The board of education shall also determine by
271		-	22 resolution that the projected increases in enrollment are
272		-	23 the result of improvements made or expected to be made to
273		-	24 passenger rail facilities located in the school district.
274		-	25 Notwithstanding the provisions of subsection (a) of this
275		-	26 Section or of any other law, a school district that has availed
276		-
277		-
278		-
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285		-	HB2492 Engrossed - 9 - LRB103 26244 RJT 52604 b
286		-	1 itself of the provisions of this subsection (f) prior to July
287		-	2 22, 2004 (the effective date of Public Act 93-799) may also
288		-	3 issue bonds approved by referendum up to an amount, including
289		-	4 existing indebtedness, not exceeding 25% of the equalized
290		-	5 assessed value of the taxable property in the district if all
291		-	6 of the conditions set forth in items (1), (2), and (3) of this
292		-	7 subsection (f) are met.
293		-	8 (g) Notwithstanding the provisions of subsection (a) of
294		-	9 this Section or any other law, bonds in not to exceed an
295		-	10 aggregate amount of 25% of the equalized assessed value of the
296		-	11 taxable property of a school district and issued by a school
297		-	12 district meeting the criteria in paragraphs (i) through (iv)
298		-	13 of this subsection shall not be considered indebtedness for
299		-	14 purposes of any statutory limitation and may be issued
300		-	15 pursuant to resolution of the school board in an amount or
301		-	16 amounts, including existing indebtedness, in excess of any
302		-	17 statutory limitation of indebtedness heretofore or hereafter
303		-	18 imposed:
304		-	19 (i) The bonds are issued for the purpose of
305		-	20 constructing a new high school building to replace two
306		-	21 adjacent existing buildings which together house a single
307		-	22 high school, each of which is more than 65 years old, and
308		-	23 which together are located on more than 10 acres and less
309		-	24 than 11 acres of property.
310		-	25 (ii) At the time the resolution authorizing the
311		-	26 issuance of the bonds is adopted, the cost of constructing
312		-
313		-
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315		-
316		-
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321		-	HB2492 Engrossed - 10 - LRB103 26244 RJT 52604 b
322		-	1 a new school building to replace the existing school
323		-	2 building is less than 60% of the cost of repairing the
324		-	3 existing school building.
325		-	4 (iii) The sale of the bonds occurs before July 1,
326		-	5 1997.
327		-	6 (iv) The school district issuing the bonds is a unit
328		-	7 school district located in a county of less than 70,000
329		-	8 and more than 50,000 inhabitants, which has an average
330		-	9 daily attendance of less than 1,500 and an equalized
331		-	10 assessed valuation of less than $29,000,000.
332		-	11 (h) Notwithstanding any other provisions of this Section
333		-	12 or the provisions of any other law, until January 1, 1998, a
334		-	13 community unit school district maintaining grades K through 12
335		-	14 may issue bonds up to an amount, including existing
336		-	15 indebtedness, not exceeding 27.6% of the equalized assessed
337		-	16 value of the taxable property in the district, if all of the
338		-	17 following conditions are met:
339		-	18 (i) The school district has an equalized assessed
340		-	19 valuation for calendar year 1995 of less than $24,000,000;
341		-	20 (ii) The bonds are issued for the capital improvement,
342		-	21 renovation, rehabilitation, or replacement of existing
343		-	22 school buildings of the district, all of which buildings
344		-	23 were originally constructed not less than 40 years ago;
345		-	24 (iii) The voters of the district approve a proposition
346		-	25 for the issuance of the bonds at a referendum held after
347		-	26 March 19, 1996; and
348		-
349		-
350		-
351		-
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357		-	HB2492 Engrossed - 11 - LRB103 26244 RJT 52604 b
358		-	1 (iv) The bonds are issued pursuant to Sections 19-2
359		-	2 through 19-7 of this Code.
360		-	3 (i) Notwithstanding any other provisions of this Section
361		-	4 or the provisions of any other law, until January 1, 1998, a
362		-	5 community unit school district maintaining grades K through 12
363		-	6 may issue bonds up to an amount, including existing
364		-	7 indebtedness, not exceeding 27% of the equalized assessed
365		-	8 value of the taxable property in the district, if all of the
366		-	9 following conditions are met:
367		-	10 (i) The school district has an equalized assessed
368		-	11 valuation for calendar year 1995 of less than $44,600,000;
369		-	12 (ii) The bonds are issued for the capital improvement,
370		-	13 renovation, rehabilitation, or replacement of existing
371		-	14 school buildings of the district, all of which existing
372		-	15 buildings were originally constructed not less than 80
373		-	16 years ago;
374		-	17 (iii) The voters of the district approve a proposition
375		-	18 for the issuance of the bonds at a referendum held after
376		-	19 December 31, 1996; and
377		-	20 (iv) The bonds are issued pursuant to Sections 19-2
378		-	21 through 19-7 of this Code.
379		-	22 (j) Notwithstanding any other provisions of this Section
380		-	23 or the provisions of any other law, until January 1, 1999, a
381		-	24 community unit school district maintaining grades K through 12
382		-	25 may issue bonds up to an amount, including existing
383		-	26 indebtedness, not exceeding 27% of the equalized assessed
384		-
385		-
386		-
387		-
388		-
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394		-	1 value of the taxable property in the district if all of the
395		-	2 following conditions are met:
396		-	3 (i) The school district has an equalized assessed
397		-	4 valuation for calendar year 1995 of less than $140,000,000
398		-	5 and a best 3 months average daily attendance for the
399		-	6 1995-96 school year of at least 2,800;
400		-	7 (ii) The bonds are issued to purchase a site and build
401		-	8 and equip a new high school, and the school district's
402		-	9 existing high school was originally constructed not less
403		-	10 than 35 years prior to the sale of the bonds;
404		-	11 (iii) At the time of the sale of the bonds, the board
405		-	12 of education determines by resolution that a new high
406		-	13 school is needed because of projected enrollment
407		-	14 increases;
408		-	15 (iv) At least 60% of those voting in an election held
409		-	16 after December 31, 1996 approve a proposition for the
410		-	17 issuance of the bonds; and
411		-	18 (v) The bonds are issued pursuant to Sections 19-2
412		-	19 through 19-7 of this Code.
413		-	20 (k) Notwithstanding the debt limitation prescribed in
414		-	21 subsection (a) of this Section, a school district that meets
415		-	22 all the criteria set forth in paragraphs (1) through (4) of
416		-	23 this subsection (k) may issue bonds to incur an additional
417		-	24 indebtedness in an amount not to exceed $4,000,000 even though
418		-	25 the amount of the additional indebtedness authorized by this
419		-	26 subsection (k), when incurred and added to the aggregate
420		-
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422		-
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429		-	HB2492 Engrossed - 13 - LRB103 26244 RJT 52604 b
430		-	1 amount of indebtedness of the school district existing
431		-	2 immediately prior to the school district incurring such
432		-	3 additional indebtedness, causes the aggregate indebtedness of
433		-	4 the school district to exceed or increases the amount by which
434		-	5 the aggregate indebtedness of the district already exceeds the
435		-	6 debt limitation otherwise applicable to that school district
436		-	7 under subsection (a):
437		-	8 (1) the school district is located in 2 counties, and
438		-	9 a referendum to authorize the additional indebtedness was
439		-	10 approved by a majority of the voters of the school
440		-	11 district voting on the proposition to authorize that
441		-	12 indebtedness;
442		-	13 (2) the additional indebtedness is for the purpose of
443		-	14 financing a multi-purpose room addition to the existing
444		-	15 high school;
445		-	16 (3) the additional indebtedness, together with the
446		-	17 existing indebtedness of the school district, shall not
447		-	18 exceed 17.4% of the value of the taxable property in the
448		-	19 school district, to be ascertained by the last assessment
449		-	20 for State and county taxes; and
450		-	21 (4) the bonds evidencing the additional indebtedness
451		-	22 are issued, if at all, within 120 days of August 14, 1998
452		-	23 (the effective date of Public Act 90-757).
453		-	24 (l) Notwithstanding any other provisions of this Section
454		-	25 or the provisions of any other law, until January 1, 2000, a
455		-	26 school district maintaining grades kindergarten through 8 may
456		-
457		-
458		-
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466		-	1 issue bonds up to an amount, including existing indebtedness,
467		-	2 not exceeding 15% of the equalized assessed value of the
468		-	3 taxable property in the district if all of the following
469		-	4 conditions are met:
470		-	5 (i) the district has an equalized assessed valuation
471		-	6 for calendar year 1996 of less than $10,000,000;
472		-	7 (ii) the bonds are issued for capital improvement,
473		-	8 renovation, rehabilitation, or replacement of one or more
474		-	9 school buildings of the district, which buildings were
475		-	10 originally constructed not less than 70 years ago;
476		-	11 (iii) the voters of the district approve a proposition
477		-	12 for the issuance of the bonds at a referendum held on or
478		-	13 after March 17, 1998; and
479		-	14 (iv) the bonds are issued pursuant to Sections 19-2
480		-	15 through 19-7 of this Code.
481		-	16 (m) Notwithstanding any other provisions of this Section
482		-	17 or the provisions of any other law, until January 1, 1999, an
483		-	18 elementary school district maintaining grades K through 8 may
484		-	19 issue bonds up to an amount, excluding existing indebtedness,
485		-	20 not exceeding 18% of the equalized assessed value of the
486		-	21 taxable property in the district, if all of the following
487		-	22 conditions are met:
488		-	23 (i) The school district has an equalized assessed
489		-	24 valuation for calendar year 1995 or less than $7,700,000;
490		-	25 (ii) The school district operates 2 elementary
491		-	26 attendance centers that until 1976 were operated as the
492		-
493		-
494		-
495		-
496		-
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502		-	1 attendance centers of 2 separate and distinct school
503		-	2 districts;
504		-	3 (iii) The bonds are issued for the construction of a
505		-	4 new elementary school building to replace an existing
506		-	5 multi-level elementary school building of the school
507		-	6 district that is not accessible at all levels and parts of
508		-	7 which were constructed more than 75 years ago;
509		-	8 (iv) The voters of the school district approve a
510		-	9 proposition for the issuance of the bonds at a referendum
511		-	10 held after July 1, 1998; and
512		-	11 (v) The bonds are issued pursuant to Sections 19-2
513		-	12 through 19-7 of this Code.
514		-	13 (n) Notwithstanding the debt limitation prescribed in
515		-	14 subsection (a) of this Section or any other provisions of this
516		-	15 Section or of any other law, a school district that meets all
517		-	16 of the criteria set forth in paragraphs (i) through (vi) of
518		-	17 this subsection (n) may incur additional indebtedness by the
519		-	18 issuance of bonds in an amount not exceeding the amount
520		-	19 certified by the Capital Development Board to the school
521		-	20 district as provided in paragraph (iii) of this subsection
522		-	21 (n), even though the amount of the additional indebtedness so
523		-	22 authorized, when incurred and added to the aggregate amount of
524		-	23 indebtedness of the district existing immediately prior to the
525		-	24 district incurring the additional indebtedness authorized by
526		-	25 this subsection (n), causes the aggregate indebtedness of the
527		-	26 district to exceed the debt limitation otherwise applicable by
528		-
529		-
530		-
531		-
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534		-
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537		-	HB2492 Engrossed - 16 - LRB103 26244 RJT 52604 b
538		-	1 law to that district:
539		-	2 (i) The school district applies to the State Board of
540		-	3 Education for a school construction project grant and
541		-	4 submits a district facilities plan in support of its
542		-	5 application pursuant to Section 5-20 of the School
543		-	6 Construction Law.
544		-	7 (ii) The school district's application and facilities
545		-	8 plan are approved by, and the district receives a grant
546		-	9 entitlement for a school construction project issued by,
547		-	10 the State Board of Education under the School Construction
548		-	11 Law.
549		-	12 (iii) The school district has exhausted its bonding
550		-	13 capacity or the unused bonding capacity of the district is
551		-	14 less than the amount certified by the Capital Development
552		-	15 Board to the district under Section 5-15 of the School
553		-	16 Construction Law as the dollar amount of the school
554		-	17 construction project's cost that the district will be
555		-	18 required to finance with non-grant funds in order to
556		-	19 receive a school construction project grant under the
557		-	20 School Construction Law.
558		-	21 (iv) The bonds are issued for a "school construction
559		-	22 project", as that term is defined in Section 5-5 of the
560		-	23 School Construction Law, in an amount that does not exceed
561		-	24 the dollar amount certified, as provided in paragraph
562		-	25 (iii) of this subsection (n), by the Capital Development
563		-	26 Board to the school district under Section 5-15 of the
564		-
565		-
566		-
567		-
568		-
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570		-
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574		-	1 School Construction Law.
575		-	2 (v) The voters of the district approve a proposition
576		-	3 for the issuance of the bonds at a referendum held after
577		-	4 the criteria specified in paragraphs (i) and (iii) of this
578		-	5 subsection (n) are met.
579		-	6 (vi) The bonds are issued pursuant to Sections 19-2
580		-	7 through 19-7 of the School Code.
581		-	8 (o) Notwithstanding any other provisions of this Section
582		-	9 or the provisions of any other law, until November 1, 2007, a
583		-	10 community unit school district maintaining grades K through 12
584		-	11 may issue bonds up to an amount, including existing
585		-	12 indebtedness, not exceeding 20% of the equalized assessed
586		-	13 value of the taxable property in the district if all of the
587		-	14 following conditions are met:
588		-	15 (i) the school district has an equalized assessed
589		-	16 valuation for calendar year 2001 of at least $737,000,000
590		-	17 and an enrollment for the 2002-2003 school year of at
591		-	18 least 8,500;
592		-	19 (ii) the bonds are issued to purchase school sites,
593		-	20 build and equip a new high school, build and equip a new
594		-	21 junior high school, build and equip 5 new elementary
595		-	22 schools, and make technology and other improvements and
596		-	23 additions to existing schools;
597		-	24 (iii) at the time of the sale of the bonds, the board
598		-	25 of education determines by resolution that the sites and
599		-	26 new or improved facilities are needed because of projected
600		-
601		-
602		-
603		-
604		-
605		-	HB2492 Engrossed - 17 - LRB103 26244 RJT 52604 b
606		-
607		-
608		-	HB2492 Engrossed- 18 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 18 - LRB103 26244 RJT 52604 b
609		-	HB2492 Engrossed - 18 - LRB103 26244 RJT 52604 b
610		-	1 enrollment increases;
611		-	2 (iv) at least 57% of those voting in a general
612		-	3 election held prior to January 1, 2003 approved a
613		-	4 proposition for the issuance of the bonds; and
614		-	5 (v) the bonds are issued pursuant to Sections 19-2
615		-	6 through 19-7 of this Code.
616		-	7 (p) Notwithstanding any other provisions of this Section
617		-	8 or the provisions of any other law, a community unit school
618		-	9 district maintaining grades K through 12 may issue bonds up to
619		-	10 an amount, including indebtedness, not exceeding 27% of the
620		-	11 equalized assessed value of the taxable property in the
621		-	12 district if all of the following conditions are met:
622		-	13 (i) The school district has an equalized assessed
623		-	14 valuation for calendar year 2001 of at least $295,741,187
624		-	15 and a best 3 months' average daily attendance for the
625		-	16 2002-2003 school year of at least 2,394.
626		-	17 (ii) The bonds are issued to build and equip 3
627		-	18 elementary school buildings; build and equip one middle
628		-	19 school building; and alter, repair, improve, and equip all
629		-	20 existing school buildings in the district.
630		-	21 (iii) At the time of the sale of the bonds, the board
631		-	22 of education determines by resolution that the project is
632		-	23 needed because of expanding growth in the school district
633		-	24 and a projected enrollment increase.
634		-	25 (iv) The bonds are issued pursuant to Sections 19-2
635		-	26 through 19-7 of this Code.
636		-
637		-
638		-
639		-
640		-
641		-	HB2492 Engrossed - 18 - LRB103 26244 RJT 52604 b
642		-
643		-
644		-	HB2492 Engrossed- 19 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 19 - LRB103 26244 RJT 52604 b
645		-	HB2492 Engrossed - 19 - LRB103 26244 RJT 52604 b
646		-	1 (p-5) Notwithstanding any other provisions of this Section
647		-	2 or the provisions of any other law, bonds issued by a community
648		-	3 unit school district maintaining grades K through 12 shall not
649		-	4 be considered indebtedness for purposes of any statutory
650		-	5 limitation and may be issued in an amount or amounts,
651		-	6 including existing indebtedness, in excess of any heretofore
652		-	7 or hereafter imposed statutory limitation as to indebtedness,
653		-	8 if all of the following conditions are met:
654		-	9 (i) For each of the 4 most recent years, residential
655		-	10 property comprises more than 80% of the equalized assessed
656		-	11 valuation of the district.
657		-	12 (ii) At least 2 school buildings that were constructed
658		-	13 40 or more years prior to the issuance of the bonds will be
659		-	14 demolished and will be replaced by new buildings or
660		-	15 additions to one or more existing buildings.
	748	+	24 13.8% on the value of the taxable property therein to be
	749	+
	750	+
	751	+
	752	+
	753	+
	754	+	HB2492 - 20 - LRB103 26244 RJT 52604 b
	755	+
	756	+
	757	+	HB2492- 21 -LRB103 26244 RJT 52604 b HB2492 - 21 - LRB103 26244 RJT 52604 b
	758	+	HB2492 - 21 - LRB103 26244 RJT 52604 b
	759	+	1 ascertained by the last assessment for State and county taxes
	760	+	2 or, until January 1, 1983, if greater, the sum that is produced
	761	+	3 by multiplying the school district's 1978 equalized assessed
	762	+	4 valuation by the debt limitation percentage in effect on
	763	+	5 January 1, 1979, previous to the incurring of such
	764	+	6 indebtedness.
	765	+	7 No partial elementary unit district, as defined in Article
	766	+	8 11E of this Code, shall become indebted in any manner or for
	767	+	9 any purpose in an amount, including existing indebtedness, in
	768	+	10 the aggregate exceeding 6.9% of the value of the taxable
	769	+	11 property of the entire district, to be ascertained by the last
	770	+	12 assessment for State and county taxes, plus an amount,
	771	+	13 including existing indebtedness, in the aggregate exceeding
	772	+	14 6.9% of the value of the taxable property of that portion of
	773	+	15 the district included in the elementary and high school
	774	+	16 classification, to be ascertained by the last assessment for
	775	+	17 State and county taxes. Moreover, no partial elementary unit
	776	+	18 district, as defined in Article 11E of this Code, shall become
	777	+	19 indebted on account of bonds issued by the district for high
	778	+	20 school purposes in the aggregate exceeding 6.9% of the value
	779	+	21 of the taxable property of the entire district, to be
	780	+	22 ascertained by the last assessment for State and county taxes,
	781	+	23 nor shall the district become indebted on account of bonds
	782	+	24 issued by the district for elementary purposes in the
	783	+	25 aggregate exceeding 6.9% of the value of the taxable property
	784	+	26 for that portion of the district included in the elementary
	785	+
	786	+
	787	+
	788	+
	789	+
	790	+	HB2492 - 21 - LRB103 26244 RJT 52604 b
	791	+
	792	+
	793	+	HB2492- 22 -LRB103 26244 RJT 52604 b HB2492 - 22 - LRB103 26244 RJT 52604 b
	794	+	HB2492 - 22 - LRB103 26244 RJT 52604 b
	795	+	1 and high school classification, to be ascertained by the last
	796	+	2 assessment for State and county taxes.
	797	+	3 Notwithstanding the provisions of any other law to the
	798	+	4 contrary, in any case in which the voters of a school district
	799	+	5 have approved a proposition for the issuance of bonds of such
	800	+	6 school district at an election held prior to January 1, 1979,
	801	+	7 and all of the bonds approved at such election have not been
	802	+	8 issued, the debt limitation applicable to such school district
	803	+	9 during the calendar year 1979 shall be computed by multiplying
	804	+	10 the value of taxable property therein, including personal
	805	+	11 property, as ascertained by the last assessment for State and
	806	+	12 county taxes, previous to the incurring of such indebtedness,
	807	+	13 by the percentage limitation applicable to such school
	808	+	14 district under the provisions of this subsection (a).
	809	+	15 (a-5) After January 1, 2018, no school district may issue
	810	+	16 bonds under Sections 19-2 through 19-7 of this Code and rely on
	811	+	17 an exception to the debt limitations in this Section unless it
	812	+	18 has complied with the requirements of Section 21 of the Bond
	813	+	19 Issue Notification Act and the bonds have been approved by
	814	+	20 referendum.
	815	+	21 (b) Notwithstanding the debt limitation prescribed in
	816	+	22 subsection (a) of this Section, additional indebtedness may be
	817	+	23 incurred in an amount not to exceed the estimated cost of
	818	+	24 acquiring or improving school sites or constructing and
	819	+	25 equipping additional building facilities under the following
	820	+	26 conditions:
	821	+
	822	+
	823	+
	824	+
	825	+
	826	+	HB2492 - 22 - LRB103 26244 RJT 52604 b
	827	+
	828	+
	829	+	HB2492- 23 -LRB103 26244 RJT 52604 b HB2492 - 23 - LRB103 26244 RJT 52604 b
	830	+	HB2492 - 23 - LRB103 26244 RJT 52604 b
	831	+	1 (1) Whenever the enrollment of students for the next
	832	+	2 school year is estimated by the board of education to
	833	+	3 increase over the actual present enrollment by not less
	834	+	4 than 35% or by not less than 200 students or the actual
	835	+	5 present enrollment of students has increased over the
	836	+	6 previous school year by not less than 35% or by not less
	837	+	7 than 200 students and the board of education determines
	838	+	8 that additional school sites or building facilities are
	839	+	9 required as a result of such increase in enrollment; and
	840	+	10 (2) When the Regional Superintendent of Schools having
	841	+	11 jurisdiction over the school district and the State
	842	+	12 Superintendent of Education concur in such enrollment
	843	+	13 projection or increase and approve the need for such
	844	+	14 additional school sites or building facilities and the
	845	+	15 estimated cost thereof; and
	846	+	16 (3) When the voters in the school district approve a
	847	+	17 proposition for the issuance of bonds for the purpose of
	848	+	18 acquiring or improving such needed school sites or
	849	+	19 constructing and equipping such needed additional building
	850	+	20 facilities at an election called and held for that
	851	+	21 purpose. Notice of such an election shall state that the
	852	+	22 amount of indebtedness proposed to be incurred would
	853	+	23 exceed the debt limitation otherwise applicable to the
	854	+	24 school district. The ballot for such proposition shall
	855	+	25 state what percentage of the equalized assessed valuation
	856	+	26 will be outstanding in bonds if the proposed issuance of
	857	+
	858	+
	859	+
	860	+
	861	+
	862	+	HB2492 - 23 - LRB103 26244 RJT 52604 b
	863	+
	864	+
	865	+	HB2492- 24 -LRB103 26244 RJT 52604 b HB2492 - 24 - LRB103 26244 RJT 52604 b
	866	+	HB2492 - 24 - LRB103 26244 RJT 52604 b
	867	+	1 bonds is approved by the voters; or
	868	+	2 (4) Notwithstanding the provisions of paragraphs (1)
	869	+	3 through (3) of this subsection (b), if the school board
	870	+	4 determines that additional facilities are needed to
	871	+	5 provide a quality educational program and not less than
	872	+	6 2/3 of those voting in an election called by the school
	873	+	7 board on the question approve the issuance of bonds for
	874	+	8 the construction of such facilities, the school district
	875	+	9 may issue bonds for this purpose; or
	876	+	10 (5) Notwithstanding the provisions of paragraphs (1)
	877	+	11 through (3) of this subsection (b), if (i) the school
	878	+	12 district has previously availed itself of the provisions
	879	+	13 of paragraph (4) of this subsection (b) to enable it to
	880	+	14 issue bonds, (ii) the voters of the school district have
	881	+	15 not defeated a proposition for the issuance of bonds since
	882	+	16 the referendum described in paragraph (4) of this
	883	+	17 subsection (b) was held, (iii) the school board determines
	884	+	18 that additional facilities are needed to provide a quality
	885	+	19 educational program, and (iv) a majority of those voting
	886	+	20 in an election called by the school board on the question
	887	+	21 approve the issuance of bonds for the construction of such
	888	+	22 facilities, the school district may issue bonds for this
	889	+	23 purpose.
	890	+	24 In no event shall the indebtedness incurred pursuant to
	891	+	25 this subsection (b) and the existing indebtedness of the
	892	+	26 school district exceed 15% of the value of the taxable
	893	+
	894	+
	895	+
	896	+
	897	+
	898	+	HB2492 - 24 - LRB103 26244 RJT 52604 b
	899	+
	900	+
	901	+	HB2492- 25 -LRB103 26244 RJT 52604 b HB2492 - 25 - LRB103 26244 RJT 52604 b
	902	+	HB2492 - 25 - LRB103 26244 RJT 52604 b
	903	+	1 property therein to be ascertained by the last assessment for
	904	+	2 State and county taxes, previous to the incurring of such
	905	+	3 indebtedness or, until January 1, 1983, if greater, the sum
	906	+	4 that is produced by multiplying the school district's 1978
	907	+	5 equalized assessed valuation by the debt limitation percentage
	908	+	6 in effect on January 1, 1979.
	909	+	7 The indebtedness provided for by this subsection (b) shall
	910	+	8 be in addition to and in excess of any other debt limitation.
	911	+	9 (c) Notwithstanding the debt limitation prescribed in
	912	+	10 subsection (a) of this Section, in any case in which a public
	913	+	11 question for the issuance of bonds of a proposed school
	914	+	12 district maintaining grades kindergarten through 12 received
	915	+	13 at least 60% of the valid ballots cast on the question at an
	916	+	14 election held on or prior to November 8, 1994, and in which the
	917	+	15 bonds approved at such election have not been issued, the
	918	+	16 school district pursuant to the requirements of Section 11A-10
	919	+	17 (now repealed) may issue the total amount of bonds approved at
	920	+	18 such election for the purpose stated in the question.
	921	+	19 (d) Notwithstanding the debt limitation prescribed in
	922	+	20 subsection (a) of this Section, a school district that meets
	923	+	21 all the criteria set forth in paragraphs (1) and (2) of this
	924	+	22 subsection (d) may incur an additional indebtedness in an
	925	+	23 amount not to exceed $4,500,000, even though the amount of the
	926	+	24 additional indebtedness authorized by this subsection (d),
	927	+	25 when incurred and added to the aggregate amount of
	928	+	26 indebtedness of the district existing immediately prior to the
	929	+
	930	+
	931	+
	932	+
	933	+
	934	+	HB2492 - 25 - LRB103 26244 RJT 52604 b
	935	+
	936	+
	937	+	HB2492- 26 -LRB103 26244 RJT 52604 b HB2492 - 26 - LRB103 26244 RJT 52604 b
	938	+	HB2492 - 26 - LRB103 26244 RJT 52604 b
	939	+	1 district incurring the additional indebtedness authorized by
	940	+	2 this subsection (d), causes the aggregate indebtedness of the
	941	+	3 district to exceed the debt limitation otherwise applicable to
	942	+	4 that district under subsection (a):
	943	+	5 (1) The additional indebtedness authorized by this
	944	+	6 subsection (d) is incurred by the school district through
	945	+	7 the issuance of bonds under and in accordance with Section
	946	+	8 17-2.11a for the purpose of replacing a school building
	947	+	9 which, because of mine subsidence damage, has been closed
	948	+	10 as provided in paragraph (2) of this subsection (d) or
	949	+	11 through the issuance of bonds under and in accordance with
	950	+	12 Section 19-3 for the purpose of increasing the size of, or
	951	+	13 providing for additional functions in, such replacement
	952	+	14 school buildings, or both such purposes.
	953	+	15 (2) The bonds issued by the school district as
	954	+	16 provided in paragraph (1) above are issued for the
	955	+	17 purposes of construction by the school district of a new
	956	+	18 school building pursuant to Section 17-2.11, to replace an
	957	+	19 existing school building that, because of mine subsidence
	958	+	20 damage, is closed as of the end of the 1992-93 school year
	959	+	21 pursuant to action of the regional superintendent of
	960	+	22 schools of the educational service region in which the
	961	+	23 district is located under Section 3-14.22 or are issued
	962	+	24 for the purpose of increasing the size of, or providing
	963	+	25 for additional functions in, the new school building being
	964	+	26 constructed to replace a school building closed as the
	965	+
	966	+
	967	+
	968	+
	969	+
	970	+	HB2492 - 26 - LRB103 26244 RJT 52604 b
	971	+
	972	+
	973	+	HB2492- 27 -LRB103 26244 RJT 52604 b HB2492 - 27 - LRB103 26244 RJT 52604 b
	974	+	HB2492 - 27 - LRB103 26244 RJT 52604 b
	975	+	1 result of mine subsidence damage, or both such purposes.
	976	+	2 (e) (Blank).
	977	+	3 (f) Notwithstanding the provisions of subsection (a) of
	978	+	4 this Section or of any other law, bonds in not to exceed the
	979	+	5 aggregate amount of $5,500,000 and issued by a school district
	980	+	6 meeting the following criteria shall not be considered
	981	+	7 indebtedness for purposes of any statutory limitation and may
	982	+	8 be issued in an amount or amounts, including existing
	983	+	9 indebtedness, in excess of any heretofore or hereafter imposed
	984	+	10 statutory limitation as to indebtedness:
	985	+	11 (1) At the time of the sale of such bonds, the board of
	986	+	12 education of the district shall have determined by
	987	+	13 resolution that the enrollment of students in the district
	988	+	14 is projected to increase by not less than 7% during each of
	989	+	15 the next succeeding 2 school years.
	990	+	16 (2) The board of education shall also determine by
	991	+	17 resolution that the improvements to be financed with the
	992	+	18 proceeds of the bonds are needed because of the projected
	993	+	19 enrollment increases.
	994	+	20 (3) The board of education shall also determine by
	995	+	21 resolution that the projected increases in enrollment are
	996	+	22 the result of improvements made or expected to be made to
	997	+	23 passenger rail facilities located in the school district.
	998	+	24 Notwithstanding the provisions of subsection (a) of this
	999	+	25 Section or of any other law, a school district that has availed
	1000	+	26 itself of the provisions of this subsection (f) prior to July
	1001	+
	1002	+
	1003	+
	1004	+
	1005	+
	1006	+	HB2492 - 27 - LRB103 26244 RJT 52604 b
	1007	+
	1008	+
	1009	+	HB2492- 28 -LRB103 26244 RJT 52604 b HB2492 - 28 - LRB103 26244 RJT 52604 b
	1010	+	HB2492 - 28 - LRB103 26244 RJT 52604 b
	1011	+	1 22, 2004 (the effective date of Public Act 93-799) may also
	1012	+	2 issue bonds approved by referendum up to an amount, including
	1013	+	3 existing indebtedness, not exceeding 25% of the equalized
	1014	+	4 assessed value of the taxable property in the district if all
	1015	+	5 of the conditions set forth in items (1), (2), and (3) of this
	1016	+	6 subsection (f) are met.
	1017	+	7 (g) Notwithstanding the provisions of subsection (a) of
	1018	+	8 this Section or any other law, bonds in not to exceed an
	1019	+	9 aggregate amount of 25% of the equalized assessed value of the
	1020	+	10 taxable property of a school district and issued by a school
	1021	+	11 district meeting the criteria in paragraphs (i) through (iv)
	1022	+	12 of this subsection shall not be considered indebtedness for
	1023	+	13 purposes of any statutory limitation and may be issued
	1024	+	14 pursuant to resolution of the school board in an amount or
	1025	+	15 amounts, including existing indebtedness, in excess of any
	1026	+	16 statutory limitation of indebtedness heretofore or hereafter
	1027	+	17 imposed:
	1028	+	18 (i) The bonds are issued for the purpose of
	1029	+	19 constructing a new high school building to replace two
	1030	+	20 adjacent existing buildings which together house a single
	1031	+	21 high school, each of which is more than 65 years old, and
	1032	+	22 which together are located on more than 10 acres and less
	1033	+	23 than 11 acres of property.
	1034	+	24 (ii) At the time the resolution authorizing the
	1035	+	25 issuance of the bonds is adopted, the cost of constructing
	1036	+	26 a new school building to replace the existing school
	1037	+
	1038	+
	1039	+
	1040	+
	1041	+
	1042	+	HB2492 - 28 - LRB103 26244 RJT 52604 b
	1043	+
	1044	+
	1045	+	HB2492- 29 -LRB103 26244 RJT 52604 b HB2492 - 29 - LRB103 26244 RJT 52604 b
	1046	+	HB2492 - 29 - LRB103 26244 RJT 52604 b
	1047	+	1 building is less than 60% of the cost of repairing the
	1048	+	2 existing school building.
	1049	+	3 (iii) The sale of the bonds occurs before July 1,
	1050	+	4 1997.
	1051	+	5 (iv) The school district issuing the bonds is a unit
	1052	+	6 school district located in a county of less than 70,000
	1053	+	7 and more than 50,000 inhabitants, which has an average
	1054	+	8 daily attendance of less than 1,500 and an equalized
	1055	+	9 assessed valuation of less than $29,000,000.
	1056	+	10 (h) Notwithstanding any other provisions of this Section
	1057	+	11 or the provisions of any other law, until January 1, 1998, a
	1058	+	12 community unit school district maintaining grades K through 12
	1059	+	13 may issue bonds up to an amount, including existing
	1060	+	14 indebtedness, not exceeding 27.6% of the equalized assessed
	1061	+	15 value of the taxable property in the district, if all of the
	1062	+	16 following conditions are met:
	1063	+	17 (i) The school district has an equalized assessed
	1064	+	18 valuation for calendar year 1995 of less than $24,000,000;
	1065	+	19 (ii) The bonds are issued for the capital improvement,
	1066	+	20 renovation, rehabilitation, or replacement of existing
	1067	+	21 school buildings of the district, all of which buildings
	1068	+	22 were originally constructed not less than 40 years ago;
	1069	+	23 (iii) The voters of the district approve a proposition
	1070	+	24 for the issuance of the bonds at a referendum held after
	1071	+	25 March 19, 1996; and
	1072	+	26 (iv) The bonds are issued pursuant to Sections 19-2
	1073	+
	1074	+
	1075	+
	1076	+
	1077	+
	1078	+	HB2492 - 29 - LRB103 26244 RJT 52604 b
	1079	+
	1080	+
	1081	+	HB2492- 30 -LRB103 26244 RJT 52604 b HB2492 - 30 - LRB103 26244 RJT 52604 b
	1082	+	HB2492 - 30 - LRB103 26244 RJT 52604 b
	1083	+	1 through 19-7 of this Code.
	1084	+	2 (i) Notwithstanding any other provisions of this Section
	1085	+	3 or the provisions of any other law, until January 1, 1998, a
	1086	+	4 community unit school district maintaining grades K through 12
	1087	+	5 may issue bonds up to an amount, including existing
	1088	+	6 indebtedness, not exceeding 27% of the equalized assessed
	1089	+	7 value of the taxable property in the district, if all of the
	1090	+	8 following conditions are met:
	1091	+	9 (i) The school district has an equalized assessed
	1092	+	10 valuation for calendar year 1995 of less than $44,600,000;
	1093	+	11 (ii) The bonds are issued for the capital improvement,
	1094	+	12 renovation, rehabilitation, or replacement of existing
	1095	+	13 school buildings of the district, all of which existing
	1096	+	14 buildings were originally constructed not less than 80
	1097	+	15 years ago;
	1098	+	16 (iii) The voters of the district approve a proposition
	1099	+	17 for the issuance of the bonds at a referendum held after
	1100	+	18 December 31, 1996; and
	1101	+	19 (iv) The bonds are issued pursuant to Sections 19-2
	1102	+	20 through 19-7 of this Code.
	1103	+	21 (j) Notwithstanding any other provisions of this Section
	1104	+	22 or the provisions of any other law, until January 1, 1999, a
	1105	+	23 community unit school district maintaining grades K through 12
	1106	+	24 may issue bonds up to an amount, including existing
	1107	+	25 indebtedness, not exceeding 27% of the equalized assessed
	1108	+	26 value of the taxable property in the district if all of the
	1109	+
	1110	+
	1111	+
	1112	+
	1113	+
	1114	+	HB2492 - 30 - LRB103 26244 RJT 52604 b
	1115	+
	1116	+
	1117	+	HB2492- 31 -LRB103 26244 RJT 52604 b HB2492 - 31 - LRB103 26244 RJT 52604 b
	1118	+	HB2492 - 31 - LRB103 26244 RJT 52604 b
	1119	+	1 following conditions are met:
	1120	+	2 (i) The school district has an equalized assessed
	1121	+	3 valuation for calendar year 1995 of less than $140,000,000
	1122	+	4 and a best 3 months average daily attendance for the
	1123	+	5 1995-96 school year of at least 2,800;
	1124	+	6 (ii) The bonds are issued to purchase a site and build
	1125	+	7 and equip a new high school, and the school district's
	1126	+	8 existing high school was originally constructed not less
	1127	+	9 than 35 years prior to the sale of the bonds;
	1128	+	10 (iii) At the time of the sale of the bonds, the board
	1129	+	11 of education determines by resolution that a new high
	1130	+	12 school is needed because of projected enrollment
	1131	+	13 increases;
	1132	+	14 (iv) At least 60% of those voting in an election held
	1133	+	15 after December 31, 1996 approve a proposition for the
	1134	+	16 issuance of the bonds; and
	1135	+	17 (v) The bonds are issued pursuant to Sections 19-2
	1136	+	18 through 19-7 of this Code.
	1137	+	19 (k) Notwithstanding the debt limitation prescribed in
	1138	+	20 subsection (a) of this Section, a school district that meets
	1139	+	21 all the criteria set forth in paragraphs (1) through (4) of
	1140	+	22 this subsection (k) may issue bonds to incur an additional
	1141	+	23 indebtedness in an amount not to exceed $4,000,000 even though
	1142	+	24 the amount of the additional indebtedness authorized by this
	1143	+	25 subsection (k), when incurred and added to the aggregate
	1144	+	26 amount of indebtedness of the school district existing
	1145	+
	1146	+
	1147	+
	1148	+
	1149	+
	1150	+	HB2492 - 31 - LRB103 26244 RJT 52604 b
	1151	+
	1152	+
	1153	+	HB2492- 32 -LRB103 26244 RJT 52604 b HB2492 - 32 - LRB103 26244 RJT 52604 b
	1154	+	HB2492 - 32 - LRB103 26244 RJT 52604 b
	1155	+	1 immediately prior to the school district incurring such
	1156	+	2 additional indebtedness, causes the aggregate indebtedness of
	1157	+	3 the school district to exceed or increases the amount by which
	1158	+	4 the aggregate indebtedness of the district already exceeds the
	1159	+	5 debt limitation otherwise applicable to that school district
	1160	+	6 under subsection (a):
	1161	+	7 (1) the school district is located in 2 counties, and
	1162	+	8 a referendum to authorize the additional indebtedness was
	1163	+	9 approved by a majority of the voters of the school
	1164	+	10 district voting on the proposition to authorize that
	1165	+	11 indebtedness;
	1166	+	12 (2) the additional indebtedness is for the purpose of
	1167	+	13 financing a multi-purpose room addition to the existing
	1168	+	14 high school;
	1169	+	15 (3) the additional indebtedness, together with the
	1170	+	16 existing indebtedness of the school district, shall not
	1171	+	17 exceed 17.4% of the value of the taxable property in the
	1172	+	18 school district, to be ascertained by the last assessment
	1173	+	19 for State and county taxes; and
	1174	+	20 (4) the bonds evidencing the additional indebtedness
	1175	+	21 are issued, if at all, within 120 days of August 14, 1998
	1176	+	22 (the effective date of Public Act 90-757).
	1177	+	23 (l) Notwithstanding any other provisions of this Section
	1178	+	24 or the provisions of any other law, until January 1, 2000, a
	1179	+	25 school district maintaining grades kindergarten through 8 may
	1180	+	26 issue bonds up to an amount, including existing indebtedness,
	1181	+
	1182	+
	1183	+
	1184	+
	1185	+
	1186	+	HB2492 - 32 - LRB103 26244 RJT 52604 b
	1187	+
	1188	+
	1189	+	HB2492- 33 -LRB103 26244 RJT 52604 b HB2492 - 33 - LRB103 26244 RJT 52604 b
	1190	+	HB2492 - 33 - LRB103 26244 RJT 52604 b
	1191	+	1 not exceeding 15% of the equalized assessed value of the
	1192	+	2 taxable property in the district if all of the following
	1193	+	3 conditions are met:
	1194	+	4 (i) the district has an equalized assessed valuation
	1195	+	5 for calendar year 1996 of less than $10,000,000;
	1196	+	6 (ii) the bonds are issued for capital improvement,
	1197	+	7 renovation, rehabilitation, or replacement of one or more
	1198	+	8 school buildings of the district, which buildings were
	1199	+	9 originally constructed not less than 70 years ago;
	1200	+	10 (iii) the voters of the district approve a proposition
	1201	+	11 for the issuance of the bonds at a referendum held on or
	1202	+	12 after March 17, 1998; and
	1203	+	13 (iv) the bonds are issued pursuant to Sections 19-2
	1204	+	14 through 19-7 of this Code.
	1205	+	15 (m) Notwithstanding any other provisions of this Section
	1206	+	16 or the provisions of any other law, until January 1, 1999, an
	1207	+	17 elementary school district maintaining grades K through 8 may
	1208	+	18 issue bonds up to an amount, excluding existing indebtedness,
	1209	+	19 not exceeding 18% of the equalized assessed value of the
	1210	+	20 taxable property in the district, if all of the following
	1211	+	21 conditions are met:
	1212	+	22 (i) The school district has an equalized assessed
	1213	+	23 valuation for calendar year 1995 or less than $7,700,000;
	1214	+	24 (ii) The school district operates 2 elementary
	1215	+	25 attendance centers that until 1976 were operated as the
	1216	+	26 attendance centers of 2 separate and distinct school
	1217	+
	1218	+
	1219	+
	1220	+
	1221	+
	1222	+	HB2492 - 33 - LRB103 26244 RJT 52604 b
	1223	+
	1224	+
	1225	+	HB2492- 34 -LRB103 26244 RJT 52604 b HB2492 - 34 - LRB103 26244 RJT 52604 b
	1226	+	HB2492 - 34 - LRB103 26244 RJT 52604 b
	1227	+	1 districts;
	1228	+	2 (iii) The bonds are issued for the construction of a
	1229	+	3 new elementary school building to replace an existing
	1230	+	4 multi-level elementary school building of the school
	1231	+	5 district that is not accessible at all levels and parts of
	1232	+	6 which were constructed more than 75 years ago;
	1233	+	7 (iv) The voters of the school district approve a
	1234	+	8 proposition for the issuance of the bonds at a referendum
	1235	+	9 held after July 1, 1998; and
	1236	+	10 (v) The bonds are issued pursuant to Sections 19-2
	1237	+	11 through 19-7 of this Code.
	1238	+	12 (n) Notwithstanding the debt limitation prescribed in
	1239	+	13 subsection (a) of this Section or any other provisions of this
	1240	+	14 Section or of any other law, a school district that meets all
	1241	+	15 of the criteria set forth in paragraphs (i) through (vi) of
	1242	+	16 this subsection (n) may incur additional indebtedness by the
	1243	+	17 issuance of bonds in an amount not exceeding the amount
	1244	+	18 certified by the Capital Development Board to the school
	1245	+	19 district as provided in paragraph (iii) of this subsection
	1246	+	20 (n), even though the amount of the additional indebtedness so
	1247	+	21 authorized, when incurred and added to the aggregate amount of
	1248	+	22 indebtedness of the district existing immediately prior to the
	1249	+	23 district incurring the additional indebtedness authorized by
	1250	+	24 this subsection (n), causes the aggregate indebtedness of the
	1251	+	25 district to exceed the debt limitation otherwise applicable by
	1252	+	26 law to that district:
	1253	+
	1254	+
	1255	+
	1256	+
	1257	+
	1258	+	HB2492 - 34 - LRB103 26244 RJT 52604 b
	1259	+
	1260	+
	1261	+	HB2492- 35 -LRB103 26244 RJT 52604 b HB2492 - 35 - LRB103 26244 RJT 52604 b
	1262	+	HB2492 - 35 - LRB103 26244 RJT 52604 b
	1263	+	1 (i) The school district applies to the State Board of
	1264	+	2 Education for a school construction project grant and
	1265	+	3 submits a district facilities plan in support of its
	1266	+	4 application pursuant to Section 5-20 of the School
	1267	+	5 Construction Law.
	1268	+	6 (ii) The school district's application and facilities
	1269	+	7 plan are approved by, and the district receives a grant
	1270	+	8 entitlement for a school construction project issued by,
	1271	+	9 the State Board of Education under the School Construction
	1272	+	10 Law.
	1273	+	11 (iii) The school district has exhausted its bonding
	1274	+	12 capacity or the unused bonding capacity of the district is
	1275	+	13 less than the amount certified by the Capital Development
	1276	+	14 Board to the district under Section 5-15 of the School
	1277	+	15 Construction Law as the dollar amount of the school
	1278	+	16 construction project's cost that the district will be
	1279	+	17 required to finance with non-grant funds in order to
	1280	+	18 receive a school construction project grant under the
	1281	+	19 School Construction Law.
	1282	+	20 (iv) The bonds are issued for a "school construction
	1283	+	21 project", as that term is defined in Section 5-5 of the
	1284	+	22 School Construction Law, in an amount that does not exceed
	1285	+	23 the dollar amount certified, as provided in paragraph
	1286	+	24 (iii) of this subsection (n), by the Capital Development
	1287	+	25 Board to the school district under Section 5-15 of the
	1288	+	26 School Construction Law.
	1289	+
	1290	+
	1291	+
	1292	+
	1293	+
	1294	+	HB2492 - 35 - LRB103 26244 RJT 52604 b
	1295	+
	1296	+
	1297	+	HB2492- 36 -LRB103 26244 RJT 52604 b HB2492 - 36 - LRB103 26244 RJT 52604 b
	1298	+	HB2492 - 36 - LRB103 26244 RJT 52604 b
	1299	+	1 (v) The voters of the district approve a proposition
	1300	+	2 for the issuance of the bonds at a referendum held after
	1301	+	3 the criteria specified in paragraphs (i) and (iii) of this
	1302	+	4 subsection (n) are met.
	1303	+	5 (vi) The bonds are issued pursuant to Sections 19-2
	1304	+	6 through 19-7 of the School Code.
	1305	+	7 (o) Notwithstanding any other provisions of this Section
	1306	+	8 or the provisions of any other law, until November 1, 2007, a
	1307	+	9 community unit school district maintaining grades K through 12
	1308	+	10 may issue bonds up to an amount, including existing
	1309	+	11 indebtedness, not exceeding 20% of the equalized assessed
	1310	+	12 value of the taxable property in the district if all of the
	1311	+	13 following conditions are met:
	1312	+	14 (i) the school district has an equalized assessed
	1313	+	15 valuation for calendar year 2001 of at least $737,000,000
	1314	+	16 and an enrollment for the 2002-2003 school year of at
	1315	+	17 least 8,500;
	1316	+	18 (ii) the bonds are issued to purchase school sites,
	1317	+	19 build and equip a new high school, build and equip a new
	1318	+	20 junior high school, build and equip 5 new elementary
	1319	+	21 schools, and make technology and other improvements and
	1320	+	22 additions to existing schools;
	1321	+	23 (iii) at the time of the sale of the bonds, the board
	1322	+	24 of education determines by resolution that the sites and
	1323	+	25 new or improved facilities are needed because of projected
	1324	+	26 enrollment increases;
	1325	+
	1326	+
	1327	+
	1328	+
	1329	+
	1330	+	HB2492 - 36 - LRB103 26244 RJT 52604 b
	1331	+
	1332	+
	1333	+	HB2492- 37 -LRB103 26244 RJT 52604 b HB2492 - 37 - LRB103 26244 RJT 52604 b
	1334	+	HB2492 - 37 - LRB103 26244 RJT 52604 b
	1335	+	1 (iv) at least 57% of those voting in a general
	1336	+	2 election held prior to January 1, 2003 approved a
	1337	+	3 proposition for the issuance of the bonds; and
	1338	+	4 (v) the bonds are issued pursuant to Sections 19-2
	1339	+	5 through 19-7 of this Code.
	1340	+	6 (p) Notwithstanding any other provisions of this Section
	1341	+	7 or the provisions of any other law, a community unit school
	1342	+	8 district maintaining grades K through 12 may issue bonds up to
	1343	+	9 an amount, including indebtedness, not exceeding 27% of the
	1344	+	10 equalized assessed value of the taxable property in the
	1345	+	11 district if all of the following conditions are met:
	1346	+	12 (i) The school district has an equalized assessed
	1347	+	13 valuation for calendar year 2001 of at least $295,741,187
	1348	+	14 and a best 3 months' average daily attendance for the
	1349	+	15 2002-2003 school year of at least 2,394.
	1350	+	16 (ii) The bonds are issued to build and equip 3
	1351	+	17 elementary school buildings; build and equip one middle
	1352	+	18 school building; and alter, repair, improve, and equip all
	1353	+	19 existing school buildings in the district.
	1354	+	20 (iii) At the time of the sale of the bonds, the board
	1355	+	21 of education determines by resolution that the project is
	1356	+	22 needed because of expanding growth in the school district
	1357	+	23 and a projected enrollment increase.
	1358	+	24 (iv) The bonds are issued pursuant to Sections 19-2
	1359	+	25 through 19-7 of this Code.
	1360	+	26 (p-5) Notwithstanding any other provisions of this Section
	1361	+
	1362	+
	1363	+
	1364	+
	1365	+
	1366	+	HB2492 - 37 - LRB103 26244 RJT 52604 b
	1367	+
	1368	+
	1369	+	HB2492- 38 -LRB103 26244 RJT 52604 b HB2492 - 38 - LRB103 26244 RJT 52604 b
	1370	+	HB2492 - 38 - LRB103 26244 RJT 52604 b
	1371	+	1 or the provisions of any other law, bonds issued by a community
	1372	+	2 unit school district maintaining grades K through 12 shall not
	1373	+	3 be considered indebtedness for purposes of any statutory
	1374	+	4 limitation and may be issued in an amount or amounts,
	1375	+	5 including existing indebtedness, in excess of any heretofore
	1376	+	6 or hereafter imposed statutory limitation as to indebtedness,
	1377	+	7 if all of the following conditions are met:
	1378	+	8 (i) For each of the 4 most recent years, residential
	1379	+	9 property comprises more than 80% of the equalized assessed
	1380	+	10 valuation of the district.
	1381	+	11 (ii) At least 2 school buildings that were constructed
	1382	+	12 40 or more years prior to the issuance of the bonds will be
	1383	+	13 demolished and will be replaced by new buildings or
	1384	+	14 additions to one or more existing buildings.
	1385	+	15 (iii) Voters of the district approve a proposition for
	1386	+	16 the issuance of the bonds at a regularly scheduled
	1387	+	17 election.
	1388	+	18 (iv) At the time of the sale of the bonds, the school
	1389	+	19 board determines by resolution that the new buildings or
	1390	+	20 building additions are needed because of an increase in
	1391	+	21 enrollment projected by the school board.
	1392	+	22 (v) The principal amount of the bonds, including
	1393	+	23 existing indebtedness, does not exceed 25% of the
	1394	+	24 equalized assessed value of the taxable property in the
	1395	+	25 district.
	1396	+	26 (vi) The bonds are issued prior to January 1, 2007,
	1397	+
	1398	+
	1399	+
	1400	+
	1401	+
	1402	+	HB2492 - 38 - LRB103 26244 RJT 52604 b
	1403	+
	1404	+
	1405	+	HB2492- 39 -LRB103 26244 RJT 52604 b HB2492 - 39 - LRB103 26244 RJT 52604 b
	1406	+	HB2492 - 39 - LRB103 26244 RJT 52604 b
	1407	+	1 pursuant to Sections 19-2 through 19-7 of this Code.
	1408	+	2 (p-10) Notwithstanding any other provisions of this
	1409	+	3 Section or the provisions of any other law, bonds issued by a
	1410	+	4 community consolidated school district maintaining grades K
	1411	+	5 through 8 shall not be considered indebtedness for purposes of
	1412	+	6 any statutory limitation and may be issued in an amount or
	1413	+	7 amounts, including existing indebtedness, in excess of any
	1414	+	8 heretofore or hereafter imposed statutory limitation as to
	1415	+	9 indebtedness, if all of the following conditions are met:
	1416	+	10 (i) For each of the 4 most recent years, residential
	1417	+	11 and farm property comprises more than 80% of the equalized
	1418	+	12 assessed valuation of the district.
	1419	+	13 (ii) The bond proceeds are to be used to acquire and
	1420	+	14 improve school sites and build and equip a school
	1421	+	15 building.
661	1422		16 (iii) Voters of the district approve a proposition for
662	1423		17 the issuance of the bonds at a regularly scheduled
663	1424		18 election.
664	1425		19 (iv) At the time of the sale of the bonds, the school
665		-	20 board determines by resolution that the ~~new buildings or~~
	1426	+	20 board determines by resolution that the school sites and
666	1427		21 building additions are needed because of an increase in
667	1428		22 enrollment projected by the school board.
668	1429		23 (v) The principal amount of the bonds, including
669		-	24 existing indebtedness, does not exceed 25% of the
	1430	+	24 existing indebtedness, does not exceed 20% of the
670	1431		25 equalized assessed value of the taxable property in the
671	1432		26 district.
672	1433
673	1434
674	1435
675	1436
676	1437
677		-	HB2492 ~~Engrossed - 19~~ - LRB103 26244 RJT 52604 b
678		-
679		-
680		-	HB2492 ~~Engrossed- 20~~ -LRB103 26244 RJT 52604 b HB2492 ~~Engrossed - 20~~ - LRB103 26244 RJT 52604 b
681		-	HB2492 ~~Engrossed - 20~~ - LRB103 26244 RJT 52604 b
	1438	+	HB2492 - 39 - LRB103 26244 RJT 52604 b
	1439	+
	1440	+
	1441	+	HB2492- 40 -LRB103 26244 RJT 52604 b HB2492 - 40 - LRB103 26244 RJT 52604 b
	1442	+	HB2492 - 40 - LRB103 26244 RJT 52604 b
682	1443		1 (vi) The bonds are issued prior to January 1, 2007,
683	1444		2 pursuant to Sections 19-2 through 19-7 of this Code.
684		-	3 (p-10) Notwithstanding any other provisions of this
685		-	4 Section or the provisions of any other law, bonds issued by a
686		-	5 community consolidated school district maintaining grades K
687		-	6 through 8 shall not be considered indebtedness for purposes of
688		-	7 any statutory limitation and may be issued in an amount or
689		-	8 amounts, including existing indebtedness, in excess of any
690		-	9 heretofore or hereafter imposed statutory limitation as to
691		-	10 indebtedness, if all of the following conditions are met:
692		-	11 (i) For each of the 4 most recent years, residential
693		-	12 and farm property comprises more than 80% of the equalized
694		-	13 assessed valuation of the district.
695		-	14 (ii) The bond proceeds are to be used to acquire and
696		-	15 improve school sites and build and equip a school
697		-	16 building.
698		-	17 (iii) Voters of the district approve a proposition for
699		-	18 the issuance of the bonds at a regularly scheduled
700		-	19 election.
701		-	20 (iv) At the time of the sale of the bonds, the school
702		-	21 board determines by resolution that the school sites and
703		-	22 building additions are needed because of an increase in
704		-	23 enrollment projected by the school board.
705		-	24 (v) The principal amount of the bonds, including
706		-	25 existing indebtedness, does not exceed 20% of the
707		-	26 equalized assessed value of the taxable property in the
708		-
709		-
710		-
711		-
712		-
713		-	HB2492 Engrossed - 20 - LRB103 26244 RJT 52604 b
714		-
715		-
716		-	HB2492 Engrossed- 21 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 21 - LRB103 26244 RJT 52604 b
717		-	HB2492 Engrossed - 21 - LRB103 26244 RJT 52604 b
718		-	1 district.
719		-	2 (vi) The bonds are issued prior to January 1, 2007,
720		-	3 pursuant to Sections 19-2 through 19-7 of this Code.
721		-	4 (p-15) In addition to all other authority to issue bonds,
722		-	5 the Oswego Community Unit School District Number 308 may issue
723		-	6 bonds with an aggregate principal amount not to exceed
724		-	7 $450,000,000, but only if all of the following conditions are
725		-	8 met:
726		-	9 (i) The voters of the district have approved a
727		-	10 proposition for the bond issue at the general election
728		-	11 held on November 7, 2006.
729		-	12 (ii) At the time of the sale of the bonds, the school
730		-	13 board determines, by resolution, that: (A) the building
731		-	14 and equipping of the new high school building, new junior
732		-	15 high school buildings, new elementary school buildings,
733		-	16 early childhood building, maintenance building,
734		-	17 transportation facility, and additions to existing school
735		-	18 buildings, the altering, repairing, equipping, and
736		-	19 provision of technology improvements to existing school
737		-	20 buildings, and the acquisition and improvement of school
738		-	21 sites, as the case may be, are required as a result of a
739		-	22 projected increase in the enrollment of students in the
740		-	23 district; and (B) the sale of bonds for these purposes is
741		-	24 authorized by legislation that exempts the debt incurred
742		-	25 on the bonds from the district's statutory debt
743		-	26 limitation.
744		-
745		-
746		-
747		-
748		-
749		-	HB2492 Engrossed - 21 - LRB103 26244 RJT 52604 b
750		-
751		-
752		-	HB2492 Engrossed- 22 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 22 - LRB103 26244 RJT 52604 b
753		-	HB2492 Engrossed - 22 - LRB103 26244 RJT 52604 b
754		-	1 (iii) The bonds are issued, in one or more bond
755		-	2 issues, on or before November 7, 2011, but the aggregate
756		-	3 principal amount issued in all such bond issues combined
757		-	4 must not exceed $450,000,000.
758		-	5 (iv) The bonds are issued in accordance with this
759		-	6 Article 19.
760		-	7 (v) The proceeds of the bonds are used only to
761		-	8 accomplish those projects approved by the voters at the
762		-	9 general election held on November 7, 2006.
763		-	10 The debt incurred on any bonds issued under this subsection
764		-	11 (p-15) shall not be considered indebtedness for purposes of
765		-	12 any statutory debt limitation.
766		-	13 (p-20) In addition to all other authority to issue bonds,
767		-	14 the Lincoln-Way Community High School District Number 210 may
768		-	15 issue bonds with an aggregate principal amount not to exceed
769		-	16 $225,000,000, but only if all of the following conditions are
770		-	17 met:
771		-	18 (i) The voters of the district have approved a
772		-	19 proposition for the bond issue at the general primary
773		-	20 election held on March 21, 2006.
774		-	21 (ii) At the time of the sale of the bonds, the school
775		-	22 board determines, by resolution, that: (A) the building
776		-	23 and equipping of the new high school buildings, the
777		-	24 altering, repairing, and equipping of existing school
778		-	25 buildings, and the improvement of school sites, as the
779		-	26 case may be, are required as a result of a projected
780		-
781		-
782		-
783		-
784		-
785		-	HB2492 Engrossed - 22 - LRB103 26244 RJT 52604 b
786		-
787		-
788		-	HB2492 Engrossed- 23 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 23 - LRB103 26244 RJT 52604 b
789		-	HB2492 Engrossed - 23 - LRB103 26244 RJT 52604 b
790		-	1 increase in the enrollment of students in the district;
791		-	2 and (B) the sale of bonds for these purposes is authorized
792		-	3 by legislation that exempts the debt incurred on the bonds
793		-	4 from the district's statutory debt limitation.
794		-	5 (iii) The bonds are issued, in one or more bond
795		-	6 issues, on or before March 21, 2011, but the aggregate
796		-	7 principal amount issued in all such bond issues combined
797		-	8 must not exceed $225,000,000.
798		-	9 (iv) The bonds are issued in accordance with this
799		-	10 Article 19.
800		-	11 (v) The proceeds of the bonds are used only to
801		-	12 accomplish those projects approved by the voters at the
802		-	13 primary election held on March 21, 2006.
803		-	14 The debt incurred on any bonds issued under this subsection
804		-	15 (p-20) shall not be considered indebtedness for purposes of
805		-	16 any statutory debt limitation.
806		-	17 (p-25) In addition to all other authority to issue bonds,
807		-	18 Rochester Community Unit School District 3A may issue bonds
808		-	19 with an aggregate principal amount not to exceed $18,500,000,
809		-	20 but only if all of the following conditions are met:
810		-	21 (i) The voters of the district approve a proposition
811		-	22 for the bond issuance at the general primary election held
812		-	23 in 2008.
813		-	24 (ii) At the time of the sale of the bonds, the school
814		-	25 board determines, by resolution, that: (A) the building
815		-	26 and equipping of a new high school building; the addition
816		-
817		-
818		-
819		-
820		-
821		-	HB2492 Engrossed - 23 - LRB103 26244 RJT 52604 b
822		-
823		-
824		-	HB2492 Engrossed- 24 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 24 - LRB103 26244 RJT 52604 b
825		-	HB2492 Engrossed - 24 - LRB103 26244 RJT 52604 b
826		-	1 of classrooms and support facilities at the high school,
827		-	2 middle school, and elementary school; the altering,
828		-	3 repairing, and equipping of existing school buildings; and
829		-	4 the improvement of school sites, as the case may be, are
830		-	5 required as a result of a projected increase in the
831		-	6 enrollment of students in the district; and (B) the sale
832		-	7 of bonds for these purposes is authorized by a law that
833		-	8 exempts the debt incurred on the bonds from the district's
834		-	9 statutory debt limitation.
835		-	10 (iii) The bonds are issued, in one or more bond
836		-	11 issues, on or before December 31, 2012, but the aggregate
837		-	12 principal amount issued in all such bond issues combined
838		-	13 must not exceed $18,500,000.
839		-	14 (iv) The bonds are issued in accordance with this
840		-	15 Article 19.
841		-	16 (v) The proceeds of the bonds are used to accomplish
842		-	17 only those projects approved by the voters at the primary
843		-	18 election held in 2008.
844		-	19 The debt incurred on any bonds issued under this subsection
845		-	20 (p-25) shall not be considered indebtedness for purposes of
846		-	21 any statutory debt limitation.
847		-	22 (p-30) In addition to all other authority to issue bonds,
848		-	23 Prairie Grove Consolidated School District 46 may issue bonds
849		-	24 with an aggregate principal amount not to exceed $30,000,000,
850		-	25 but only if all of the following conditions are met:
851		-	26 (i) The voters of the district approve a proposition
852		-
853		-
854		-
855		-
856		-
857		-	HB2492 Engrossed - 24 - LRB103 26244 RJT 52604 b
858		-
859		-
860		-	HB2492 Engrossed- 25 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 25 - LRB103 26244 RJT 52604 b
861		-	HB2492 Engrossed - 25 - LRB103 26244 RJT 52604 b
862		-	1 for the bond issuance at an election held in 2008.
863		-	2 (ii) At the time of the sale of the bonds, the school
864		-	3 board determines, by resolution, that (A) the building and
865		-	4 equipping of a new school building and additions to
866		-	5 existing school buildings are required as a result of a
867		-	6 projected increase in the enrollment of students in the
868		-	7 district and (B) the altering, repairing, and equipping of
869		-	8 existing school buildings are required because of the age
870		-	9 of the existing school buildings.
871		-	10 (iii) The bonds are issued, in one or more bond
872		-	11 issuances, on or before December 31, 2012; however, the
873		-	12 aggregate principal amount issued in all such bond
874		-	13 issuances combined must not exceed $30,000,000.
875		-	14 (iv) The bonds are issued in accordance with this
876		-	15 Article.
877		-	16 (v) The proceeds of the bonds are used to accomplish
878		-	17 only those projects approved by the voters at an election
879		-	18 held in 2008.
880		-	19 The debt incurred on any bonds issued under this subsection
881		-	20 (p-30) shall not be considered indebtedness for purposes of
882		-	21 any statutory debt limitation.
883		-	22 (p-35) In addition to all other authority to issue bonds,
884		-	23 Prairie Hill Community Consolidated School District 133 may
885		-	24 issue bonds with an aggregate principal amount not to exceed
886		-	25 $13,900,000, but only if all of the following conditions are
887		-	26 met:
888		-
889		-
890		-
891		-
892		-
893		-	HB2492 Engrossed - 25 - LRB103 26244 RJT 52604 b
894		-
895		-
896		-	HB2492 Engrossed- 26 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 26 - LRB103 26244 RJT 52604 b
897		-	HB2492 Engrossed - 26 - LRB103 26244 RJT 52604 b
898		-	1 (i) The voters of the district approved a proposition
899		-	2 for the bond issuance at an election held on April 17,
900		-	3 2007.
901		-	4 (ii) At the time of the sale of the bonds, the school
902		-	5 board determines, by resolution, that (A) the improvement
903		-	6 of the site of and the building and equipping of a school
904		-	7 building are required as a result of a projected increase
905		-	8 in the enrollment of students in the district and (B) the
906		-	9 repairing and equipping of the Prairie Hill Elementary
907		-	10 School building is required because of the age of that
908		-	11 school building.
909		-	12 (iii) The bonds are issued, in one or more bond
910		-	13 issuances, on or before December 31, 2011, but the
911		-	14 aggregate principal amount issued in all such bond
912		-	15 issuances combined must not exceed $13,900,000.
913		-	16 (iv) The bonds are issued in accordance with this
914		-	17 Article.
915		-	18 (v) The proceeds of the bonds are used to accomplish
916		-	19 only those projects approved by the voters at an election
917		-	20 held on April 17, 2007.
918		-	21 The debt incurred on any bonds issued under this subsection
919		-	22 (p-35) shall not be considered indebtedness for purposes of
920		-	23 any statutory debt limitation.
921		-	24 (p-40) In addition to all other authority to issue bonds,
922		-	25 Mascoutah Community Unit District 19 may issue bonds with an
923		-	26 aggregate principal amount not to exceed $55,000,000, but only
924		-
925		-
926		-
927		-
928		-
929		-	HB2492 Engrossed - 26 - LRB103 26244 RJT 52604 b
930		-
931		-
932		-	HB2492 Engrossed- 27 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 27 - LRB103 26244 RJT 52604 b
933		-	HB2492 Engrossed - 27 - LRB103 26244 RJT 52604 b
934		-	1 if all of the following conditions are met:
935		-	2 (1) The voters of the district approve a proposition
936		-	3 for the bond issuance at a regular election held on or
937		-	4 after November 4, 2008.
938		-	5 (2) At the time of the sale of the bonds, the school
939		-	6 board determines, by resolution, that (i) the building and
940		-	7 equipping of a new high school building is required as a
941		-	8 result of a projected increase in the enrollment of
942		-	9 students in the district and the age and condition of the
943		-	10 existing high school building, (ii) the existing high
944		-	11 school building will be demolished, and (iii) the sale of
945		-	12 bonds is authorized by statute that exempts the debt
946		-	13 incurred on the bonds from the district's statutory debt
947		-	14 limitation.
948		-	15 (3) The bonds are issued, in one or more bond
949		-	16 issuances, on or before December 31, 2011, but the
950		-	17 aggregate principal amount issued in all such bond
951		-	18 issuances combined must not exceed $55,000,000.
952		-	19 (4) The bonds are issued in accordance with this
953		-	20 Article.
954		-	21 (5) The proceeds of the bonds are used to accomplish
955		-	22 only those projects approved by the voters at a regular
956		-	23 election held on or after November 4, 2008.
957		-	24 The debt incurred on any bonds issued under this
958		-	25 subsection (p-40) shall not be considered indebtedness for
959		-	26 purposes of any statutory debt limitation.
960		-
961		-
962		-
963		-
964		-
965		-	HB2492 Engrossed - 27 - LRB103 26244 RJT 52604 b
966		-
967		-
968		-	HB2492 Engrossed- 28 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 28 - LRB103 26244 RJT 52604 b
969		-	HB2492 Engrossed - 28 - LRB103 26244 RJT 52604 b
970		-	1 (p-45) Notwithstanding the provisions of subsection (a) of
971		-	2 this Section or of any other law, bonds issued pursuant to
972		-	3 Section 19-3.5 of this Code shall not be considered
973		-	4 indebtedness for purposes of any statutory limitation if the
974		-	5 bonds are issued in an amount or amounts, including existing
975		-	6 indebtedness of the school district, not in excess of 18.5% of
976		-	7 the value of the taxable property in the district to be
977		-	8 ascertained by the last assessment for State and county taxes.
978		-	9 (p-50) Notwithstanding the provisions of subsection (a) of
979		-	10 this Section or of any other law, bonds issued pursuant to
980		-	11 Section 19-3.10 of this Code shall not be considered
981		-	12 indebtedness for purposes of any statutory limitation if the
982		-	13 bonds are issued in an amount or amounts, including existing
983		-	14 indebtedness of the school district, not in excess of 43% of
984		-	15 the value of the taxable property in the district to be
985		-	16 ascertained by the last assessment for State and county taxes.
986		-	17 (p-55) In addition to all other authority to issue bonds,
987		-	18 Belle Valley School District 119 may issue bonds with an
988		-	19 aggregate principal amount not to exceed $47,500,000, but only
989		-	20 if all of the following conditions are met:
990		-	21 (1) The voters of the district approve a proposition
991		-	22 for the bond issuance at an election held on or after April
992		-	23 7, 2009.
993		-	24 (2) Prior to the issuance of the bonds, the school
994		-	25 board determines, by resolution, that (i) the building and
995		-	26 equipping of a new school building is required as a result
996		-
997		-
998		-
999		-
1000		-
1001		-	HB2492 Engrossed - 28 - LRB103 26244 RJT 52604 b
1002		-
1003		-
1004		-	HB2492 Engrossed- 29 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 29 - LRB103 26244 RJT 52604 b
1005		-	HB2492 Engrossed - 29 - LRB103 26244 RJT 52604 b
1006		-	1 of mine subsidence in an existing school building and
1007		-	2 because of the age and condition of another existing
1008		-	3 school building and (ii) the issuance of bonds is
1009		-	4 authorized by statute that exempts the debt incurred on
1010		-	5 the bonds from the district's statutory debt limitation.
1011		-	6 (3) The bonds are issued, in one or more bond
1012		-	7 issuances, on or before March 31, 2014, but the aggregate
1013		-	8 principal amount issued in all such bond issuances
1014		-	9 combined must not exceed $47,500,000.
1015		-	10 (4) The bonds are issued in accordance with this
1016		-	11 Article.
1017		-	12 (5) The proceeds of the bonds are used to accomplish
1018		-	13 only those projects approved by the voters at an election
1019		-	14 held on or after April 7, 2009.
1020		-	15 The debt incurred on any bonds issued under this
1021		-	16 subsection (p-55) shall not be considered indebtedness for
1022		-	17 purposes of any statutory debt limitation. Bonds issued under
1023		-	18 this subsection (p-55) must mature within not to exceed 30
1024		-	19 years from their date, notwithstanding any other law to the
1025		-	20 contrary.
1026		-	21 (p-60) In addition to all other authority to issue bonds,
1027		-	22 Wilmington Community Unit School District Number 209-U may
	1445	+	3 (p-15) In addition to all other authority to issue bonds,
	1446	+	4 the Oswego Community Unit School District Number 308 may issue
	1447	+	5 bonds with an aggregate principal amount not to exceed
	1448	+	6 $450,000,000, but only if all of the following conditions are
	1449	+	7 met:
	1450	+	8 (i) The voters of the district have approved a
	1451	+	9 proposition for the bond issue at the general election
	1452	+	10 held on November 7, 2006.
	1453	+	11 (ii) At the time of the sale of the bonds, the school
	1454	+	12 board determines, by resolution, that: (A) the building
	1455	+	13 and equipping of the new high school building, new junior
	1456	+	14 high school buildings, new elementary school buildings,
	1457	+	15 early childhood building, maintenance building,
	1458	+	16 transportation facility, and additions to existing school
	1459	+	17 buildings, the altering, repairing, equipping, and
	1460	+	18 provision of technology improvements to existing school
	1461	+	19 buildings, and the acquisition and improvement of school
	1462	+	20 sites, as the case may be, are required as a result of a
	1463	+	21 projected increase in the enrollment of students in the
	1464	+	22 district; and (B) the sale of bonds for these purposes is
	1465	+	23 authorized by legislation that exempts the debt incurred
	1466	+	24 on the bonds from the district's statutory debt
	1467	+	25 limitation.
	1468	+	26 (iii) The bonds are issued, in one or more bond
	1469	+
	1470	+
	1471	+
	1472	+
	1473	+
	1474	+	HB2492 - 40 - LRB103 26244 RJT 52604 b
	1475	+
	1476	+
	1477	+	HB2492- 41 -LRB103 26244 RJT 52604 b HB2492 - 41 - LRB103 26244 RJT 52604 b
	1478	+	HB2492 - 41 - LRB103 26244 RJT 52604 b
	1479	+	1 issues, on or before November 7, 2011, but the aggregate
	1480	+	2 principal amount issued in all such bond issues combined
	1481	+	3 must not exceed $450,000,000.
	1482	+	4 (iv) The bonds are issued in accordance with this
	1483	+	5 Article 19.
	1484	+	6 (v) The proceeds of the bonds are used only to
	1485	+	7 accomplish those projects approved by the voters at the
	1486	+	8 general election held on November 7, 2006.
	1487	+	9 The debt incurred on any bonds issued under this subsection
	1488	+	10 (p-15) shall not be considered indebtedness for purposes of
	1489	+	11 any statutory debt limitation.
	1490	+	12 (p-20) In addition to all other authority to issue bonds,
	1491	+	13 the Lincoln-Way Community High School District Number 210 may
	1492	+	14 issue bonds with an aggregate principal amount not to exceed
	1493	+	15 $225,000,000, but only if all of the following conditions are
	1494	+	16 met:
	1495	+	17 (i) The voters of the district have approved a
	1496	+	18 proposition for the bond issue at the general primary
	1497	+	19 election held on March 21, 2006.
	1498	+	20 (ii) At the time of the sale of the bonds, the school
	1499	+	21 board determines, by resolution, that: (A) the building
	1500	+	22 and equipping of the new high school buildings, the
	1501	+	23 altering, repairing, and equipping of existing school
	1502	+	24 buildings, and the improvement of school sites, as the
	1503	+	25 case may be, are required as a result of a projected
	1504	+	26 increase in the enrollment of students in the district;
	1505	+
	1506	+
	1507	+
	1508	+
	1509	+
	1510	+	HB2492 - 41 - LRB103 26244 RJT 52604 b
	1511	+
	1512	+
	1513	+	HB2492- 42 -LRB103 26244 RJT 52604 b HB2492 - 42 - LRB103 26244 RJT 52604 b
	1514	+	HB2492 - 42 - LRB103 26244 RJT 52604 b
	1515	+	1 and (B) the sale of bonds for these purposes is authorized
	1516	+	2 by legislation that exempts the debt incurred on the bonds
	1517	+	3 from the district's statutory debt limitation.
	1518	+	4 (iii) The bonds are issued, in one or more bond
	1519	+	5 issues, on or before March 21, 2011, but the aggregate
	1520	+	6 principal amount issued in all such bond issues combined
	1521	+	7 must not exceed $225,000,000.
	1522	+	8 (iv) The bonds are issued in accordance with this
	1523	+	9 Article 19.
	1524	+	10 (v) The proceeds of the bonds are used only to
	1525	+	11 accomplish those projects approved by the voters at the
	1526	+	12 primary election held on March 21, 2006.
	1527	+	13 The debt incurred on any bonds issued under this subsection
	1528	+	14 (p-20) shall not be considered indebtedness for purposes of
	1529	+	15 any statutory debt limitation.
	1530	+	16 (p-25) In addition to all other authority to issue bonds,
	1531	+	17 Rochester Community Unit School District 3A may issue bonds
	1532	+	18 with an aggregate principal amount not to exceed $18,500,000,
	1533	+	19 but only if all of the following conditions are met:
	1534	+	20 (i) The voters of the district approve a proposition
	1535	+	21 for the bond issuance at the general primary election held
	1536	+	22 in 2008.
	1537	+	23 (ii) At the time of the sale of the bonds, the school
	1538	+	24 board determines, by resolution, that: (A) the building
	1539	+	25 and equipping of a new high school building; the addition
	1540	+	26 of classrooms and support facilities at the high school,
	1541	+
	1542	+
	1543	+
	1544	+
	1545	+
	1546	+	HB2492 - 42 - LRB103 26244 RJT 52604 b
	1547	+
	1548	+
	1549	+	HB2492- 43 -LRB103 26244 RJT 52604 b HB2492 - 43 - LRB103 26244 RJT 52604 b
	1550	+	HB2492 - 43 - LRB103 26244 RJT 52604 b
	1551	+	1 middle school, and elementary school; the altering,
	1552	+	2 repairing, and equipping of existing school buildings; and
	1553	+	3 the improvement of school sites, as the case may be, are
	1554	+	4 required as a result of a projected increase in the
	1555	+	5 enrollment of students in the district; and (B) the sale
	1556	+	6 of bonds for these purposes is authorized by a law that
	1557	+	7 exempts the debt incurred on the bonds from the district's
	1558	+	8 statutory debt limitation.
	1559	+	9 (iii) The bonds are issued, in one or more bond
	1560	+	10 issues, on or before December 31, 2012, but the aggregate
	1561	+	11 principal amount issued in all such bond issues combined
	1562	+	12 must not exceed $18,500,000.
	1563	+	13 (iv) The bonds are issued in accordance with this
	1564	+	14 Article 19.
	1565	+	15 (v) The proceeds of the bonds are used to accomplish
	1566	+	16 only those projects approved by the voters at the primary
	1567	+	17 election held in 2008.
	1568	+	18 The debt incurred on any bonds issued under this subsection
	1569	+	19 (p-25) shall not be considered indebtedness for purposes of
	1570	+	20 any statutory debt limitation.
	1571	+	21 (p-30) In addition to all other authority to issue bonds,
	1572	+	22 Prairie Grove Consolidated School District 46 may issue bonds
	1573	+	23 with an aggregate principal amount not to exceed $30,000,000,
	1574	+	24 but only if all of the following conditions are met:
	1575	+	25 (i) The voters of the district approve a proposition
	1576	+	26 for the bond issuance at an election held in 2008.
	1577	+
	1578	+
	1579	+
	1580	+
	1581	+
	1582	+	HB2492 - 43 - LRB103 26244 RJT 52604 b
	1583	+
	1584	+
	1585	+	HB2492- 44 -LRB103 26244 RJT 52604 b HB2492 - 44 - LRB103 26244 RJT 52604 b
	1586	+	HB2492 - 44 - LRB103 26244 RJT 52604 b
	1587	+	1 (ii) At the time of the sale of the bonds, the school
	1588	+	2 board determines, by resolution, that (A) the building and
	1589	+	3 equipping of a new school building and additions to
	1590	+	4 existing school buildings are required as a result of a
	1591	+	5 projected increase in the enrollment of students in the
	1592	+	6 district and (B) the altering, repairing, and equipping of
	1593	+	7 existing school buildings are required because of the age
	1594	+	8 of the existing school buildings.
	1595	+	9 (iii) The bonds are issued, in one or more bond
	1596	+	10 issuances, on or before December 31, 2012; however, the
	1597	+	11 aggregate principal amount issued in all such bond
	1598	+	12 issuances combined must not exceed $30,000,000.
	1599	+	13 (iv) The bonds are issued in accordance with this
	1600	+	14 Article.
	1601	+	15 (v) The proceeds of the bonds are used to accomplish
	1602	+	16 only those projects approved by the voters at an election
	1603	+	17 held in 2008.
	1604	+	18 The debt incurred on any bonds issued under this subsection
	1605	+	19 (p-30) shall not be considered indebtedness for purposes of
	1606	+	20 any statutory debt limitation.
	1607	+	21 (p-35) In addition to all other authority to issue bonds,
	1608	+	22 Prairie Hill Community Consolidated School District 133 may
1028	1609		23 issue bonds with an aggregate principal amount not to exceed
1029		-	24 $2,~~285~~,000, but only if all of the following conditions are
	1610	+	24 $13,900,000, but only if all of the following conditions are
1030	1611		25 met:
1031		-	26 (1) The ~~proceeds~~ of the ~~bonds are used to accomplish~~
1032		-
1033		-
1034		-
1035		-
1036		-
1037		-	HB2492 ~~Engrossed - 29~~ - LRB103 26244 RJT 52604 b
1038		-
1039		-
1040		-	HB2492 ~~Engrossed- 30~~ -LRB103 26244 RJT 52604 b HB2492 ~~Engrossed - 30~~ - LRB103 26244 RJT 52604 b
1041		-	HB2492 ~~Engrossed - 30~~ - LRB103 26244 RJT 52604 b
1042		-	1 ~~only those projects approved by~~ the ~~voters~~ at ~~the general~~
1043		-	2 ~~primary election held on March 21, 2006~~.
1044		-	3 (2) ~~Prior to~~ the ~~issuance~~ of the bonds, the school
1045		-	4 board determines, by resolution, that (i) the ~~projects~~
1046		-	5 ~~approved by~~ the ~~voters were~~ and ~~are required because~~ of
1047		-	6 ~~the age and condition~~ of ~~the school district's prior and~~
1048		-	7 ~~existing school buildings~~ and (ii) the ~~issuance of the~~
1049		-	8 ~~bonds is authorized by legislation that exempts~~ the ~~debt~~
1050		-	9 ~~incurred on~~ the ~~bonds from the district's statutory debt~~
1051		-	10 ~~limitation~~.
1052		-	11 (3) The bonds are issued in one or more bond ~~issuances~~
1053		-	12 on or before ~~March 1~~, 2011, but the ~~aggregate principal~~
1054		-	13 amount issued in all ~~those~~ bond ~~issuances combined must~~
1055		-	14 not exceed $2,~~285~~,000.
1056		-	15 (4) The bonds are issued in accordance with this
	1612	+	26 (i) The voters of the district approved a proposition
	1613	+
	1614	+
	1615	+
	1616	+
	1617	+
	1618	+	HB2492 - 44 - LRB103 26244 RJT 52604 b
	1619	+
	1620	+
	1621	+	HB2492- 45 -LRB103 26244 RJT 52604 b HB2492 - 45 - LRB103 26244 RJT 52604 b
	1622	+	HB2492 - 45 - LRB103 26244 RJT 52604 b
	1623	+	1 for the bond issuance at an election held on April 17,
	1624	+	2 2007.
	1625	+	3 (ii) At the time of the sale of the bonds, the school
	1626	+	4 board determines, by resolution, that (A) the improvement
	1627	+	5 of the site of and the building and equipping of a school
	1628	+	6 building are required as a result of a projected increase
	1629	+	7 in the enrollment of students in the district and (B) the
	1630	+	8 repairing and equipping of the Prairie Hill Elementary
	1631	+	9 School building is required because of the age of that
	1632	+	10 school building.
	1633	+	11 (iii) The bonds are issued, in one or more bond
	1634	+	12 issuances, on or before December 31, 2011, but the
	1635	+	13 aggregate principal amount issued in all such bond
	1636	+	14 issuances combined must not exceed $13,900,000.
	1637	+	15 (iv) The bonds are issued in accordance with this
1057	1638		16 Article.
1058		-	17 The ~~debt incurred on any~~ bonds ~~issued under this~~
1059		-	18 ~~subsection (p-60) shall not be considered indebtedness for~~
1060		-	19 ~~purposes of any statutory debt limitation~~.
1061		-	20 ~~(p-65) In addition to all other authority to issue~~ bonds,
1062		-	21 ~~West Washington County Community Unit School District 10 may~~
1063		-	22 ~~issue bonds with an aggregate principal amount not to exceed~~
1064		-	23 ~~$32~~,~~200,000 and maturing over a period not exceeding 25 years,~~
1065		-	24 ~~but only if all of the following conditions are met:~~
1066		-	25 ~~(1) The voters of the district approve a proposition~~
1067		-	26 ~~for~~ the ~~bond issuance at an election held on or after~~
1068		-
1069		-
1070		-
1071		-
1072		-
1073		-	HB2492 ~~Engrossed - 30~~ - LRB103 26244 RJT 52604 b
1074		-
1075		-
1076		-	HB2492 ~~Engrossed- 31~~ -LRB103 26244 RJT 52604 b HB2492 ~~Engrossed - 31~~ - LRB103 26244 RJT 52604 b
1077		-	HB2492 ~~Engrossed - 31~~ - LRB103 26244 RJT 52604 b
1078		-	1 ~~February 2,~~ ~~2010.~~
1079		-	2 ~~(2) Prior to~~ the issuance ~~of the bonds,~~ ~~the school~~
1080		-	3 ~~board determines~~, ~~by resolution, that (A) all or a portion~~
1081		-	4 of the ~~existing Okawville Junior/Senior High~~ School
1082		-	5 ~~Building will be demolished;~~ (B) the building and
1083		-	6 equipping of a new school building ~~to be attached to and~~
1084		-	7 ~~the alteration, repair, and equipping~~ of the ~~remaining~~
1085		-	8 ~~portion~~ of the ~~Okawville Junior/Senior High School~~
1086		-	9 Building ~~is required because of~~ the ~~age and current~~
1087		-	10 ~~condition of that~~ school building; and (C) the ~~issuance~~ of
1088		-	11 bonds is authorized by a statute that exempts the debt
	1639	+	17 (v) The proceeds of the bonds are used to accomplish
	1640	+	18 only those projects approved by the voters at an election
	1641	+	19 held on April 17, 2007.
	1642	+	20 The debt incurred on any bonds issued under this subsection
	1643	+	21 (p-35) shall not be considered indebtedness for purposes of
	1644	+	22 any statutory debt limitation.
	1645	+	23 (p-40) In addition to all other authority to issue bonds,
	1646	+	24 Mascoutah Community Unit District 19 may issue bonds with an
	1647	+	25 aggregate principal amount not to exceed $55,000,000, but only
	1648	+	26 if all of the following conditions are met:
	1649	+
	1650	+
	1651	+
	1652	+
	1653	+
	1654	+	HB2492 - 45 - LRB103 26244 RJT 52604 b
	1655	+
	1656	+
	1657	+	HB2492- 46 -LRB103 26244 RJT 52604 b HB2492 - 46 - LRB103 26244 RJT 52604 b
	1658	+	HB2492 - 46 - LRB103 26244 RJT 52604 b
	1659	+	1 (1) The voters of the district approve a proposition
	1660	+	2 for the bond issuance at a regular election held on or
	1661	+	3 after November 4, 2008.
	1662	+	4 (2) At the time of the sale of the bonds, the school
	1663	+	5 board determines, by resolution, that (i) the building and
	1664	+	6 equipping of a new high school building is required as a
	1665	+	7 result of a projected increase in the enrollment of
	1666	+	8 students in the district and the age and condition of the
	1667	+	9 existing high school building, (ii) the existing high
	1668	+	10 school building will be demolished, and (iii) the sale of
	1669	+	11 bonds is authorized by statute that exempts the debt
1089	1670		12 incurred on the bonds from the district's statutory debt
1090	1671		13 limitation.
1091	1672		14 (3) The bonds are issued, in one or more bond
1092		-	15 issuances, on or before ~~March~~ 31, ~~2014~~, but the ~~aggregate~~
1093		-	16 principal amount issued in all such bond ~~issuances~~
1094		-	17 combined must not exceed $32,~~200~~,000.
	1673	+	15 issuances, on or before December 31, 2011, but the
	1674	+	16 aggregate principal amount issued in all such bond
	1675	+	17 issuances combined must not exceed $55,000,000.
1095	1676		18 (4) The bonds are issued in accordance with this
1096	1677		19 Article.
1097	1678		20 (5) The proceeds of the bonds are used to accomplish
1098		-	21 only those projects approved by the voters at ~~an election~~
1099		-	22 held on or after ~~February 2~~, ~~2010~~.
	1679	+	21 only those projects approved by the voters at a regular
	1680	+	22 election held on or after November 4, 2008.
1100	1681		23 The debt incurred on any bonds issued under this
1101		-	24 subsection (p-65) shall not be considered indebtedness for
	1682	+	24 subsection (p-40) shall not be considered indebtedness for
1102	1683		25 purposes of any statutory debt limitation.
1103		-	26 (p-70) In addition to all other authority to issue bonds,
1104		-
1105		-
1106		-
1107		-
1108		-
1109		-	HB2492 Engrossed - 31 - LRB103 26244 RJT 52604 b
1110		-
1111		-
1112		-	HB2492 Engrossed- 32 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 32 - LRB103 26244 RJT 52604 b
1113		-	HB2492 Engrossed - 32 - LRB103 26244 RJT 52604 b
1114		-	1 Cahokia Community Unit School District 187 may issue bonds
1115		-	2 with an aggregate principal amount not to exceed $50,000,000,
1116		-	3 but only if all the following conditions are met:
1117		-	4 (1) The voters of the district approve a proposition
1118		-	5 for the bond issuance at an election held on or after
1119		-	6 November 2, 2010.
1120		-	7 (2) Prior to the issuance of the bonds, the school
1121		-	8 board determines, by resolution, that (i) the building and
1122		-	9 equipping of a new school building is required as a result
1123		-	10 of the age and condition of an existing school building
1124		-	11 and (ii) the issuance of bonds is authorized by a statute
1125		-	12 that exempts the debt incurred on the bonds from the
1126		-	13 district's statutory debt limitation.
1127		-	14 (3) The bonds are issued, in one or more issuances, on
1128		-	15 or before July 1, 2016, but the aggregate principal amount
1129		-	16 issued in all such bond issuances combined must not exceed
1130		-	17 $50,000,000.
1131		-	18 (4) The bonds are issued in accordance with this
1132		-	19 Article.
1133		-	20 (5) The proceeds of the bonds are used to accomplish
1134		-	21 only those projects approved by the voters at an election
1135		-	22 held on or after November 2, 2010.
1136		-	23 The debt incurred on any bonds issued under this
1137		-	24 subsection (p-70) shall not be considered indebtedness for
1138		-	25 purposes of any statutory debt limitation. Bonds issued under
1139		-	26 this subsection (p-70) must mature within not to exceed 25
1140		-
1141		-
1142		-
1143		-
1144		-
1145		-	HB2492 Engrossed - 32 - LRB103 26244 RJT 52604 b
1146		-
1147		-
1148		-	HB2492 Engrossed- 33 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 33 - LRB103 26244 RJT 52604 b
1149		-	HB2492 Engrossed - 33 - LRB103 26244 RJT 52604 b
1150		-	1 years from their date, notwithstanding any other law,
1151		-	2 including Section 19-3 of this Code, to the contrary.
1152		-	3 (p-75) Notwithstanding the debt limitation prescribed in
1153		-	4 subsection (a) of this Section or any other provisions of this
1154		-	5 Section or of any other law, the execution of leases on or
1155		-	6 after January 1, 2007 and before July 1, 2011 by the Board of
1156		-	7 Education of Peoria School District 150 with a public building
1157		-	8 commission for leases entered into pursuant to the Public
1158		-	9 Building Commission Act shall not be considered indebtedness
1159		-	10 for purposes of any statutory debt limitation.
1160		-	11 This subsection (p-75) applies only if the State Board of
1161		-	12 Education or the Capital Development Board makes one or more
1162		-	13 grants to Peoria School District 150 pursuant to the School
1163		-	14 Construction Law. The amount exempted from the debt limitation
1164		-	15 as prescribed in this subsection (p-75) shall be no greater
1165		-	16 than the amount of one or more grants awarded to Peoria School
1166		-	17 District 150 by the State Board of Education or the Capital
1167		-	18 Development Board.
1168		-	19 (p-80) In addition to all other authority to issue bonds,
1169		-	20 Ridgeland School District 122 may issue bonds with an
1170		-	21 aggregate principal amount not to exceed $50,000,000 for the
1171		-	22 purpose of refunding or continuing to refund bonds originally
1172		-	23 issued pursuant to voter approval at the general election held
1173		-	24 on November 7, 2000, and the debt incurred on any bonds issued
1174		-	25 under this subsection (p-80) shall not be considered
1175		-	26 indebtedness for purposes of any statutory debt limitation.
1176		-
1177		-
1178		-
1179		-
1180		-
1181		-	HB2492 Engrossed - 33 - LRB103 26244 RJT 52604 b
1182		-
1183		-
1184		-	HB2492 Engrossed- 34 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 34 - LRB103 26244 RJT 52604 b
1185		-	HB2492 Engrossed - 34 - LRB103 26244 RJT 52604 b
1186		-	1 Bonds issued under this subsection (p-80) may be issued in one
1187		-	2 or more issuances and must mature within not to exceed 25 years
1188		-	3 from their date, notwithstanding any other law, including
1189		-	4 Section 19-3 of this Code, to the contrary.
1190		-	5 (p-85) In addition to all other authority to issue bonds,
1191		-	6 Hall High School District 502 may issue bonds with an
1192		-	7 aggregate principal amount not to exceed $32,000,000, but only
1193		-	8 if all the following conditions are met:
1194		-	9 (1) The voters of the district approve a proposition
1195		-	10 for the bond issuance at an election held on or after April
1196		-	11 9, 2013.
1197		-	12 (2) Prior to the issuance of the bonds, the school
1198		-	13 board determines, by resolution, that (i) the building and
1199		-	14 equipping of a new school building is required as a result
1200		-	15 of the age and condition of an existing school building,
1201		-	16 (ii) the existing school building should be demolished in
1202		-	17 its entirety or the existing school building should be
1203		-	18 demolished except for the 1914 west wing of the building,
1204		-	19 and (iii) the issuance of bonds is authorized by a statute
1205		-	20 that exempts the debt incurred on the bonds from the
1206		-	21 district's statutory debt limitation.
1207		-	22 (3) The bonds are issued, in one or more issuances,
1208		-	23 not later than 5 years after the date of the referendum
1209		-	24 approving the issuance of the bonds, but the aggregate
1210		-	25 principal amount issued in all such bond issuances
1211		-	26 combined must not exceed $32,000,000.
1212		-
1213		-
1214		-
1215		-
1216		-
1217		-	HB2492 Engrossed - 34 - LRB103 26244 RJT 52604 b
1218		-
1219		-
1220		-	HB2492 Engrossed- 35 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 35 - LRB103 26244 RJT 52604 b
1221		-	HB2492 Engrossed - 35 - LRB103 26244 RJT 52604 b
1222		-	1 (4) The bonds are issued in accordance with this
1223		-	2 Article.
1224		-	3 (5) The proceeds of the bonds are used to accomplish
1225		-	4 only those projects approved by the voters at an election
1226		-	5 held on or after April 9, 2013.
1227		-	6 The debt incurred on any bonds issued under this
1228		-	7 subsection (p-85) shall not be considered indebtedness for
1229		-	8 purposes of any statutory debt limitation. Bonds issued under
1230		-	9 this subsection (p-85) must mature within not to exceed 30
1231		-	10 years from their date, notwithstanding any other law,
1232		-	11 including Section 19-3 of this Code, to the contrary.
1233		-	12 (p-90) In addition to all other authority to issue bonds,
1234		-	13 Lebanon Community Unit School District 9 may issue bonds with
1235		-	14 an aggregate principal amount not to exceed $7,500,000, but
1236		-	15 only if all of the following conditions are met:
1237		-	16 (1) The voters of the district approved a proposition
1238		-	17 for the bond issuance at the general primary election on
1239		-	18 February 2, 2010.
1240		-	19 (2) At or prior to the time of the sale of the bonds,
1241		-	20 the school board determines, by resolution, that (i) the
1242		-	21 building and equipping of a new elementary school building
1243		-	22 is required as a result of a projected increase in the
1244		-	23 enrollment of students in the district and the age and
1245		-	24 condition of the existing Lebanon Elementary School
1246		-	25 building, (ii) a portion of the existing Lebanon
1247		-	26 Elementary School building will be demolished and the
1248		-
1249		-
1250		-
1251		-
1252		-
1253		-	HB2492 Engrossed - 35 - LRB103 26244 RJT 52604 b
1254		-
1255		-
1256		-	HB2492 Engrossed- 36 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 36 - LRB103 26244 RJT 52604 b
1257		-	HB2492 Engrossed - 36 - LRB103 26244 RJT 52604 b
1258		-	1 remaining portion will be altered, repaired, and equipped,
1259		-	2 and (iii) the sale of bonds is authorized by a statute that
1260		-	3 exempts the debt incurred on the bonds from the district's
1261		-	4 statutory debt limitation.
	1684	+	26 (p-45) Notwithstanding the provisions of subsection (a) of
	1685	+
	1686	+
	1687	+
	1688	+
	1689	+
	1690	+	HB2492 - 46 - LRB103 26244 RJT 52604 b
	1691	+
	1692	+
	1693	+	HB2492- 47 -LRB103 26244 RJT 52604 b HB2492 - 47 - LRB103 26244 RJT 52604 b
	1694	+	HB2492 - 47 - LRB103 26244 RJT 52604 b
	1695	+	1 this Section or of any other law, bonds issued pursuant to
	1696	+	2 Section 19-3.5 of this Code shall not be considered
	1697	+	3 indebtedness for purposes of any statutory limitation if the
	1698	+	4 bonds are issued in an amount or amounts, including existing
	1699	+	5 indebtedness of the school district, not in excess of 18.5% of
	1700	+	6 the value of the taxable property in the district to be
	1701	+	7 ascertained by the last assessment for State and county taxes.
	1702	+	8 (p-50) Notwithstanding the provisions of subsection (a) of
	1703	+	9 this Section or of any other law, bonds issued pursuant to
	1704	+	10 Section 19-3.10 of this Code shall not be considered
	1705	+	11 indebtedness for purposes of any statutory limitation if the
	1706	+	12 bonds are issued in an amount or amounts, including existing
	1707	+	13 indebtedness of the school district, not in excess of 43% of
	1708	+	14 the value of the taxable property in the district to be
	1709	+	15 ascertained by the last assessment for State and county taxes.
	1710	+	16 (p-55) In addition to all other authority to issue bonds,
	1711	+	17 Belle Valley School District 119 may issue bonds with an
	1712	+	18 aggregate principal amount not to exceed $47,500,000, but only
	1713	+	19 if all of the following conditions are met:
	1714	+	20 (1) The voters of the district approve a proposition
	1715	+	21 for the bond issuance at an election held on or after April
	1716	+	22 7, 2009.
	1717	+	23 (2) Prior to the issuance of the bonds, the school
	1718	+	24 board determines, by resolution, that (i) the building and
	1719	+	25 equipping of a new school building is required as a result
	1720	+	26 of mine subsidence in an existing school building and
	1721	+
	1722	+
	1723	+
	1724	+
	1725	+
	1726	+	HB2492 - 47 - LRB103 26244 RJT 52604 b
	1727	+
	1728	+
	1729	+	HB2492- 48 -LRB103 26244 RJT 52604 b HB2492 - 48 - LRB103 26244 RJT 52604 b
	1730	+	HB2492 - 48 - LRB103 26244 RJT 52604 b
	1731	+	1 because of the age and condition of another existing
	1732	+	2 school building and (ii) the issuance of bonds is
	1733	+	3 authorized by statute that exempts the debt incurred on
	1734	+	4 the bonds from the district's statutory debt limitation.
1262	1735		5 (3) The bonds are issued, in one or more bond
1263		-	6 issuances, on or before ~~April 1~~, 2014, but the aggregate
	1736	+	6 issuances, on or before March 31, 2014, but the aggregate
1264	1737		7 principal amount issued in all such bond issuances
1265		-	8 combined must not exceed $7,500,000.
1266		-	9 (4) The bonds are issued in accordance with this
1267		-	10 Article.
1268		-	11 (5) The proceeds of the bonds are used to accomplish
1269		-	12 only those projects approved by the voters at the general
1270		-	13 primary election held on February 2, 2010.
1271		-	14 The debt incurred on any bonds issued under this
1272		-	15 subsection (p-90) shall not be considered indebtedness for
1273		-	16 purposes of any statutory debt limitation.
1274		-	17 (p-95) In addition to all other authority to issue bonds,
1275		-	18 Monticello Community Unit School District 25 may issue bonds
1276		-	19 with an aggregate principal amount not to exceed $35,000,000,
1277		-	20 but only if all of the following conditions are met:
1278		-	21 (1) The voters of the district approve a proposition
1279		-	22 for the bond issuance at an election held on or after
1280		-	23 November 4, 2014.
1281		-	24 (2) Prior to the issuance of the bonds, the school
1282		-	25 board determines, by resolution, that (i) the building and
1283		-	26 equipping of a new school building is required as a result
1284		-
1285		-
1286		-
1287		-
1288		-
1289		-	HB2492 Engrossed - 36 - LRB103 26244 RJT 52604 b
1290		-
1291		-
1292		-	HB2492 Engrossed- 37 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 37 - LRB103 26244 RJT 52604 b
1293		-	HB2492 Engrossed - 37 - LRB103 26244 RJT 52604 b
1294		-	1 of the age and condition of an existing school building
1295		-	2 and (ii) the issuance of bonds is authorized by a statute
1296		-	3 that exempts the debt incurred on the bonds from the
1297		-	4 district's statutory debt limitation.
1298		-	5 (3) The bonds are issued, in one or more issuances, on
1299		-	6 or before July 1, 2020, but the aggregate principal amount
1300		-	7 issued in all such bond issuances combined must not exceed
1301		-	8 $35,000,000.
	1738	+	8 combined must not exceed $47,500,000.
1302	1739		9 (4) The bonds are issued in accordance with this
1303	1740		10 Article.
1304	1741		11 (5) The proceeds of the bonds are used to accomplish
1305	1742		12 only those projects approved by the voters at an election
1306		-	13 held on or after ~~November 4~~, ~~2014~~.
	1743	+	13 held on or after April 7, 2009.
1307	1744		14 The debt incurred on any bonds issued under this
1308		-	15 subsection (p-95) shall not be considered indebtedness for
	1745	+	15 subsection (p-55) shall not be considered indebtedness for
1309	1746		16 purposes of any statutory debt limitation. Bonds issued under
1310		-	17 this subsection (p-95) must mature within not to exceed 25
1311		-	18 years from their date, notwithstanding any other law,
1312		-	19 including Section 19-3 of this Code, to the contrary.
1313		-	20 (p-100) In addition to all other authority to issue bonds,
1314		-	21 the community unit school district created in the territory
1315		-	22 comprising Milford Community Consolidated School District 280
1316		-	23 and Milford Township High School District 233, as approved at
1317		-	24 the general primary election held on March 18, 2014, may issue
1318		-	25 bonds with an aggregate principal amount not to exceed
1319		-	26 $17,500,000, but only if all the following conditions are met:
1320		-
1321		-
1322		-
1323		-
1324		-
1325		-	HB2492 Engrossed - 37 - LRB103 26244 RJT 52604 b
1326		-
1327		-
1328		-	HB2492 Engrossed- 38 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 38 - LRB103 26244 RJT 52604 b
1329		-	HB2492 Engrossed - 38 - LRB103 26244 RJT 52604 b
1330		-	1 (1) The voters of the district approve a proposition
1331		-	2 for the bond issuance at an election held on or after
1332		-	3 November 4, 2014.
1333		-	4 (2) Prior to the issuance of the bonds, the school
1334		-	5 board determines, by resolution, that (i) the building and
1335		-	6 equipping of a new school building is required as a result
1336		-	7 of the age and condition of an existing school building
1337		-	8 and (ii) the issuance of bonds is authorized by a statute
1338		-	9 that exempts the debt incurred on the bonds from the
1339		-	10 district's statutory debt limitation.
1340		-	11 (3) The bonds are issued, in one or more issuances, on
1341		-	12 or before July 1, 2020, but the aggregate principal amount
1342		-	13 issued in all such bond issuances combined must not exceed
1343		-	14 $17,500,000.
1344		-	15 (4) The bonds are issued in accordance with this
1345		-	16 Article.
1346		-	17 (5) The proceeds of the bonds are used to accomplish
1347		-	18 only those projects approved by the voters at an election
1348		-	19 held on or after November 4, 2014.
1349		-	20 The debt incurred on any bonds issued under this
1350		-	21 subsection (p-100) shall not be considered indebtedness for
1351		-	22 purposes of any statutory debt limitation. Bonds issued under
1352		-	23 this subsection (p-100) must mature within not to exceed 25
1353		-	24 years from their date, notwithstanding any other law,
1354		-	25 including Section 19-3 of this Code, to the contrary.
1355		-	26 (p-105) In addition to all other authority to issue bonds,
1356		-
1357		-
1358		-
1359		-
1360		-
1361		-	HB2492 Engrossed - 38 - LRB103 26244 RJT 52604 b
1362		-
1363		-
1364		-	HB2492 Engrossed- 39 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 39 - LRB103 26244 RJT 52604 b
1365		-	HB2492 Engrossed - 39 - LRB103 26244 RJT 52604 b
1366		-	1 North Shore School District 112 may issue bonds with an
1367		-	2 aggregate principal amount not to exceed $150,000,000, but
1368		-	3 only if all of the following conditions are met:
1369		-	4 (1) The voters of the district approve a proposition
1370		-	5 for the bond issuance at an election held on or after March
1371		-	6 15, 2016.
1372		-	7 (2) Prior to the issuance of the bonds, the school
1373		-	8 board determines, by resolution, that (i) the building and
1374		-	9 equipping of new buildings and improving the sites thereof
1375		-	10 and the building and equipping of additions to, altering,
1376		-	11 repairing, equipping, and renovating existing buildings
1377		-	12 and improving the sites thereof are required as a result
1378		-	13 of the age and condition of the district's existing
1379		-	14 buildings and (ii) the issuance of bonds is authorized by
1380		-	15 a statute that exempts the debt incurred on the bonds from
1381		-	16 the district's statutory debt limitation.
	1747	+	17 this subsection (p-55) must mature within not to exceed 30
	1748	+	18 years from their date, notwithstanding any other law to the
	1749	+	19 contrary.
	1750	+	20 (p-60) In addition to all other authority to issue bonds,
	1751	+	21 Wilmington Community Unit School District Number 209-U may
	1752	+	22 issue bonds with an aggregate principal amount not to exceed
	1753	+	23 $2,285,000, but only if all of the following conditions are
	1754	+	24 met:
	1755	+	25 (1) The proceeds of the bonds are used to accomplish
	1756	+	26 only those projects approved by the voters at the general
	1757	+
	1758	+
	1759	+
	1760	+
	1761	+
	1762	+	HB2492 - 48 - LRB103 26244 RJT 52604 b
	1763	+
	1764	+
	1765	+	HB2492- 49 -LRB103 26244 RJT 52604 b HB2492 - 49 - LRB103 26244 RJT 52604 b
	1766	+	HB2492 - 49 - LRB103 26244 RJT 52604 b
	1767	+	1 primary election held on March 21, 2006.
	1768	+	2 (2) Prior to the issuance of the bonds, the school
	1769	+	3 board determines, by resolution, that (i) the projects
	1770	+	4 approved by the voters were and are required because of
	1771	+	5 the age and condition of the school district's prior and
	1772	+	6 existing school buildings and (ii) the issuance of the
	1773	+	7 bonds is authorized by legislation that exempts the debt
	1774	+	8 incurred on the bonds from the district's statutory debt
	1775	+	9 limitation.
	1776	+	10 (3) The bonds are issued in one or more bond issuances
	1777	+	11 on or before March 1, 2011, but the aggregate principal
	1778	+	12 amount issued in all those bond issuances combined must
	1779	+	13 not exceed $2,285,000.
	1780	+	14 (4) The bonds are issued in accordance with this
	1781	+	15 Article.
	1782	+	16 The debt incurred on any bonds issued under this
	1783	+	17 subsection (p-60) shall not be considered indebtedness for
	1784	+	18 purposes of any statutory debt limitation.
	1785	+	19 (p-65) In addition to all other authority to issue bonds,
	1786	+	20 West Washington County Community Unit School District 10 may
	1787	+	21 issue bonds with an aggregate principal amount not to exceed
	1788	+	22 $32,200,000 and maturing over a period not exceeding 25 years,
	1789	+	23 but only if all of the following conditions are met:
	1790	+	24 (1) The voters of the district approve a proposition
	1791	+	25 for the bond issuance at an election held on or after
	1792	+	26 February 2, 2010.
	1793	+
	1794	+
	1795	+
	1796	+
	1797	+
	1798	+	HB2492 - 49 - LRB103 26244 RJT 52604 b
	1799	+
	1800	+
	1801	+	HB2492- 50 -LRB103 26244 RJT 52604 b HB2492 - 50 - LRB103 26244 RJT 52604 b
	1802	+	HB2492 - 50 - LRB103 26244 RJT 52604 b
	1803	+	1 (2) Prior to the issuance of the bonds, the school
	1804	+	2 board determines, by resolution, that (A) all or a portion
	1805	+	3 of the existing Okawville Junior/Senior High School
	1806	+	4 Building will be demolished; (B) the building and
	1807	+	5 equipping of a new school building to be attached to and
	1808	+	6 the alteration, repair, and equipping of the remaining
	1809	+	7 portion of the Okawville Junior/Senior High School
	1810	+	8 Building is required because of the age and current
	1811	+	9 condition of that school building; and (C) the issuance of
	1812	+	10 bonds is authorized by a statute that exempts the debt
	1813	+	11 incurred on the bonds from the district's statutory debt
	1814	+	12 limitation.
	1815	+	13 (3) The bonds are issued, in one or more bond
	1816	+	14 issuances, on or before March 31, 2014, but the aggregate
	1817	+	15 principal amount issued in all such bond issuances
	1818	+	16 combined must not exceed $32,200,000.
	1819	+	17 (4) The bonds are issued in accordance with this
	1820	+	18 Article.
	1821	+	19 (5) The proceeds of the bonds are used to accomplish
	1822	+	20 only those projects approved by the voters at an election
	1823	+	21 held on or after February 2, 2010.
	1824	+	22 The debt incurred on any bonds issued under this
	1825	+	23 subsection (p-65) shall not be considered indebtedness for
	1826	+	24 purposes of any statutory debt limitation.
	1827	+	25 (p-70) In addition to all other authority to issue bonds,
	1828	+	26 Cahokia Community Unit School District 187 may issue bonds
	1829	+
	1830	+
	1831	+
	1832	+
	1833	+
	1834	+	HB2492 - 50 - LRB103 26244 RJT 52604 b
	1835	+
	1836	+
	1837	+	HB2492- 51 -LRB103 26244 RJT 52604 b HB2492 - 51 - LRB103 26244 RJT 52604 b
	1838	+	HB2492 - 51 - LRB103 26244 RJT 52604 b
	1839	+	1 with an aggregate principal amount not to exceed $50,000,000,
	1840	+	2 but only if all the following conditions are met:
	1841	+	3 (1) The voters of the district approve a proposition
	1842	+	4 for the bond issuance at an election held on or after
	1843	+	5 November 2, 2010.
	1844	+	6 (2) Prior to the issuance of the bonds, the school
	1845	+	7 board determines, by resolution, that (i) the building and
	1846	+	8 equipping of a new school building is required as a result
	1847	+	9 of the age and condition of an existing school building
	1848	+	10 and (ii) the issuance of bonds is authorized by a statute
	1849	+	11 that exempts the debt incurred on the bonds from the
	1850	+	12 district's statutory debt limitation.
	1851	+	13 (3) The bonds are issued, in one or more issuances, on
	1852	+	14 or before July 1, 2016, but the aggregate principal amount
	1853	+	15 issued in all such bond issuances combined must not exceed
	1854	+	16 $50,000,000.
	1855	+	17 (4) The bonds are issued in accordance with this
	1856	+	18 Article.
	1857	+	19 (5) The proceeds of the bonds are used to accomplish
	1858	+	20 only those projects approved by the voters at an election
	1859	+	21 held on or after November 2, 2010.
	1860	+	22 The debt incurred on any bonds issued under this
	1861	+	23 subsection (p-70) shall not be considered indebtedness for
	1862	+	24 purposes of any statutory debt limitation. Bonds issued under
	1863	+	25 this subsection (p-70) must mature within not to exceed 25
	1864	+	26 years from their date, notwithstanding any other law,
	1865	+
	1866	+
	1867	+
	1868	+
	1869	+
	1870	+	HB2492 - 51 - LRB103 26244 RJT 52604 b
	1871	+
	1872	+
	1873	+	HB2492- 52 -LRB103 26244 RJT 52604 b HB2492 - 52 - LRB103 26244 RJT 52604 b
	1874	+	HB2492 - 52 - LRB103 26244 RJT 52604 b
	1875	+	1 including Section 19-3 of this Code, to the contrary.
	1876	+	2 (p-75) Notwithstanding the debt limitation prescribed in
	1877	+	3 subsection (a) of this Section or any other provisions of this
	1878	+	4 Section or of any other law, the execution of leases on or
	1879	+	5 after January 1, 2007 and before July 1, 2011 by the Board of
	1880	+	6 Education of Peoria School District 150 with a public building
	1881	+	7 commission for leases entered into pursuant to the Public
	1882	+	8 Building Commission Act shall not be considered indebtedness
	1883	+	9 for purposes of any statutory debt limitation.
	1884	+	10 This subsection (p-75) applies only if the State Board of
	1885	+	11 Education or the Capital Development Board makes one or more
	1886	+	12 grants to Peoria School District 150 pursuant to the School
	1887	+	13 Construction Law. The amount exempted from the debt limitation
	1888	+	14 as prescribed in this subsection (p-75) shall be no greater
	1889	+	15 than the amount of one or more grants awarded to Peoria School
	1890	+	16 District 150 by the State Board of Education or the Capital
	1891	+	17 Development Board.
	1892	+	18 (p-80) In addition to all other authority to issue bonds,
	1893	+	19 Ridgeland School District 122 may issue bonds with an
	1894	+	20 aggregate principal amount not to exceed $50,000,000 for the
	1895	+	21 purpose of refunding or continuing to refund bonds originally
	1896	+	22 issued pursuant to voter approval at the general election held
	1897	+	23 on November 7, 2000, and the debt incurred on any bonds issued
	1898	+	24 under this subsection (p-80) shall not be considered
	1899	+	25 indebtedness for purposes of any statutory debt limitation.
	1900	+	26 Bonds issued under this subsection (p-80) may be issued in one
	1901	+
	1902	+
	1903	+
	1904	+
	1905	+
	1906	+	HB2492 - 52 - LRB103 26244 RJT 52604 b
	1907	+
	1908	+
	1909	+	HB2492- 53 -LRB103 26244 RJT 52604 b HB2492 - 53 - LRB103 26244 RJT 52604 b
	1910	+	HB2492 - 53 - LRB103 26244 RJT 52604 b
	1911	+	1 or more issuances and must mature within not to exceed 25 years
	1912	+	2 from their date, notwithstanding any other law, including
	1913	+	3 Section 19-3 of this Code, to the contrary.
	1914	+	4 (p-85) In addition to all other authority to issue bonds,
	1915	+	5 Hall High School District 502 may issue bonds with an
	1916	+	6 aggregate principal amount not to exceed $32,000,000, but only
	1917	+	7 if all the following conditions are met:
	1918	+	8 (1) The voters of the district approve a proposition
	1919	+	9 for the bond issuance at an election held on or after April
	1920	+	10 9, 2013.
	1921	+	11 (2) Prior to the issuance of the bonds, the school
	1922	+	12 board determines, by resolution, that (i) the building and
	1923	+	13 equipping of a new school building is required as a result
	1924	+	14 of the age and condition of an existing school building,
	1925	+	15 (ii) the existing school building should be demolished in
	1926	+	16 its entirety or the existing school building should be
	1927	+	17 demolished except for the 1914 west wing of the building,
	1928	+	18 and (iii) the issuance of bonds is authorized by a statute
	1929	+	19 that exempts the debt incurred on the bonds from the
	1930	+	20 district's statutory debt limitation.
	1931	+	21 (3) The bonds are issued, in one or more issuances,
	1932	+	22 not later than 5 years after the date of the referendum
	1933	+	23 approving the issuance of the bonds, but the aggregate
	1934	+	24 principal amount issued in all such bond issuances
	1935	+	25 combined must not exceed $32,000,000.
	1936	+	26 (4) The bonds are issued in accordance with this
	1937	+
	1938	+
	1939	+
	1940	+
	1941	+
	1942	+	HB2492 - 53 - LRB103 26244 RJT 52604 b
	1943	+
	1944	+
	1945	+	HB2492- 54 -LRB103 26244 RJT 52604 b HB2492 - 54 - LRB103 26244 RJT 52604 b
	1946	+	HB2492 - 54 - LRB103 26244 RJT 52604 b
	1947	+	1 Article.
	1948	+	2 (5) The proceeds of the bonds are used to accomplish
	1949	+	3 only those projects approved by the voters at an election
	1950	+	4 held on or after April 9, 2013.
	1951	+	5 The debt incurred on any bonds issued under this
	1952	+	6 subsection (p-85) shall not be considered indebtedness for
	1953	+	7 purposes of any statutory debt limitation. Bonds issued under
	1954	+	8 this subsection (p-85) must mature within not to exceed 30
	1955	+	9 years from their date, notwithstanding any other law,
	1956	+	10 including Section 19-3 of this Code, to the contrary.
	1957	+	11 (p-90) In addition to all other authority to issue bonds,
	1958	+	12 Lebanon Community Unit School District 9 may issue bonds with
	1959	+	13 an aggregate principal amount not to exceed $7,500,000, but
	1960	+	14 only if all of the following conditions are met:
	1961	+	15 (1) The voters of the district approved a proposition
	1962	+	16 for the bond issuance at the general primary election on
	1963	+	17 February 2, 2010.
	1964	+	18 (2) At or prior to the time of the sale of the bonds,
	1965	+	19 the school board determines, by resolution, that (i) the
	1966	+	20 building and equipping of a new elementary school building
	1967	+	21 is required as a result of a projected increase in the
	1968	+	22 enrollment of students in the district and the age and
	1969	+	23 condition of the existing Lebanon Elementary School
	1970	+	24 building, (ii) a portion of the existing Lebanon
	1971	+	25 Elementary School building will be demolished and the
	1972	+	26 remaining portion will be altered, repaired, and equipped,
	1973	+
	1974	+
	1975	+
	1976	+
	1977	+
	1978	+	HB2492 - 54 - LRB103 26244 RJT 52604 b
	1979	+
	1980	+
	1981	+	HB2492- 55 -LRB103 26244 RJT 52604 b HB2492 - 55 - LRB103 26244 RJT 52604 b
	1982	+	HB2492 - 55 - LRB103 26244 RJT 52604 b
	1983	+	1 and (iii) the sale of bonds is authorized by a statute that
	1984	+	2 exempts the debt incurred on the bonds from the district's
	1985	+	3 statutory debt limitation.
	1986	+	4 (3) The bonds are issued, in one or more bond
	1987	+	5 issuances, on or before April 1, 2014, but the aggregate
	1988	+	6 principal amount issued in all such bond issuances
	1989	+	7 combined must not exceed $7,500,000.
	1990	+	8 (4) The bonds are issued in accordance with this
	1991	+	9 Article.
	1992	+	10 (5) The proceeds of the bonds are used to accomplish
	1993	+	11 only those projects approved by the voters at the general
	1994	+	12 primary election held on February 2, 2010.
	1995	+	13 The debt incurred on any bonds issued under this
	1996	+	14 subsection (p-90) shall not be considered indebtedness for
	1997	+	15 purposes of any statutory debt limitation.
	1998	+	16 (p-95) In addition to all other authority to issue bonds,
	1999	+	17 Monticello Community Unit School District 25 may issue bonds
	2000	+	18 with an aggregate principal amount not to exceed $35,000,000,
	2001	+	19 but only if all of the following conditions are met:
	2002	+	20 (1) The voters of the district approve a proposition
	2003	+	21 for the bond issuance at an election held on or after
	2004	+	22 November 4, 2014.
	2005	+	23 (2) Prior to the issuance of the bonds, the school
	2006	+	24 board determines, by resolution, that (i) the building and
	2007	+	25 equipping of a new school building is required as a result
	2008	+	26 of the age and condition of an existing school building
	2009	+
	2010	+
	2011	+
	2012	+
	2013	+
	2014	+	HB2492 - 55 - LRB103 26244 RJT 52604 b
	2015	+
	2016	+
	2017	+	HB2492- 56 -LRB103 26244 RJT 52604 b HB2492 - 56 - LRB103 26244 RJT 52604 b
	2018	+	HB2492 - 56 - LRB103 26244 RJT 52604 b
	2019	+	1 and (ii) the issuance of bonds is authorized by a statute
	2020	+	2 that exempts the debt incurred on the bonds from the
	2021	+	3 district's statutory debt limitation.
	2022	+	4 (3) The bonds are issued, in one or more issuances, on
	2023	+	5 or before July 1, 2020, but the aggregate principal amount
	2024	+	6 issued in all such bond issuances combined must not exceed
	2025	+	7 $35,000,000.
	2026	+	8 (4) The bonds are issued in accordance with this
	2027	+	9 Article.
	2028	+	10 (5) The proceeds of the bonds are used to accomplish
	2029	+	11 only those projects approved by the voters at an election
	2030	+	12 held on or after November 4, 2014.
	2031	+	13 The debt incurred on any bonds issued under this
	2032	+	14 subsection (p-95) shall not be considered indebtedness for
	2033	+	15 purposes of any statutory debt limitation. Bonds issued under
	2034	+	16 this subsection (p-95) must mature within not to exceed 25
	2035	+	17 years from their date, notwithstanding any other law,
	2036	+	18 including Section 19-3 of this Code, to the contrary.
	2037	+	19 (p-100) In addition to all other authority to issue bonds,
	2038	+	20 the community unit school district created in the territory
	2039	+	21 comprising Milford Community Consolidated School District 280
	2040	+	22 and Milford Township High School District 233, as approved at
	2041	+	23 the general primary election held on March 18, 2014, may issue
	2042	+	24 bonds with an aggregate principal amount not to exceed
	2043	+	25 $17,500,000, but only if all the following conditions are met:
	2044	+	26 (1) The voters of the district approve a proposition
	2045	+
	2046	+
	2047	+
	2048	+
	2049	+
	2050	+	HB2492 - 56 - LRB103 26244 RJT 52604 b
	2051	+
	2052	+
	2053	+	HB2492- 57 -LRB103 26244 RJT 52604 b HB2492 - 57 - LRB103 26244 RJT 52604 b
	2054	+	HB2492 - 57 - LRB103 26244 RJT 52604 b
	2055	+	1 for the bond issuance at an election held on or after
	2056	+	2 November 4, 2014.
	2057	+	3 (2) Prior to the issuance of the bonds, the school
	2058	+	4 board determines, by resolution, that (i) the building and
	2059	+	5 equipping of a new school building is required as a result
	2060	+	6 of the age and condition of an existing school building
	2061	+	7 and (ii) the issuance of bonds is authorized by a statute
	2062	+	8 that exempts the debt incurred on the bonds from the
	2063	+	9 district's statutory debt limitation.
	2064	+	10 (3) The bonds are issued, in one or more issuances, on
	2065	+	11 or before July 1, 2020, but the aggregate principal amount
	2066	+	12 issued in all such bond issuances combined must not exceed
	2067	+	13 $17,500,000.
	2068	+	14 (4) The bonds are issued in accordance with this
	2069	+	15 Article.
	2070	+	16 (5) The proceeds of the bonds are used to accomplish
	2071	+	17 only those projects approved by the voters at an election
	2072	+	18 held on or after November 4, 2014.
	2073	+	19 The debt incurred on any bonds issued under this
	2074	+	20 subsection (p-100) shall not be considered indebtedness for
	2075	+	21 purposes of any statutory debt limitation. Bonds issued under
	2076	+	22 this subsection (p-100) must mature within not to exceed 25
	2077	+	23 years from their date, notwithstanding any other law,
	2078	+	24 including Section 19-3 of this Code, to the contrary.
	2079	+	25 (p-105) In addition to all other authority to issue bonds,
	2080	+	26 North Shore School District 112 may issue bonds with an
	2081	+
	2082	+
	2083	+
	2084	+
	2085	+
	2086	+	HB2492 - 57 - LRB103 26244 RJT 52604 b
	2087	+
	2088	+
	2089	+	HB2492- 58 -LRB103 26244 RJT 52604 b HB2492 - 58 - LRB103 26244 RJT 52604 b
	2090	+	HB2492 - 58 - LRB103 26244 RJT 52604 b
	2091	+	1 aggregate principal amount not to exceed $150,000,000, but
	2092	+	2 only if all of the following conditions are met:
	2093	+	3 (1) The voters of the district approve a proposition
	2094	+	4 for the bond issuance at an election held on or after March
	2095	+	5 15, 2016.
	2096	+	6 (2) Prior to the issuance of the bonds, the school
	2097	+	7 board determines, by resolution, that (i) the building and
	2098	+	8 equipping of new buildings and improving the sites thereof
	2099	+	9 and the building and equipping of additions to, altering,
	2100	+	10 repairing, equipping, and renovating existing buildings
	2101	+	11 and improving the sites thereof are required as a result
	2102	+	12 of the age and condition of the district's existing
	2103	+	13 buildings and (ii) the issuance of bonds is authorized by
	2104	+	14 a statute that exempts the debt incurred on the bonds from
	2105	+	15 the district's statutory debt limitation.
	2106	+	16 (3) The bonds are issued, in one or more issuances,
	2107	+	17 not later than 5 years after the date of the referendum
	2108	+	18 approving the issuance of the bonds, but the aggregate
	2109	+	19 principal amount issued in all such bond issuances
	2110	+	20 combined must not exceed $150,000,000.
	2111	+	21 (4) The bonds are issued in accordance with this
	2112	+	22 Article.
	2113	+	23 (5) The proceeds of the bonds are used to accomplish
	2114	+	24 only those projects approved by the voters at an election
	2115	+	25 held on or after March 15, 2016.
	2116	+	26 The debt incurred on any bonds issued under this
	2117	+
	2118	+
	2119	+
	2120	+
	2121	+
	2122	+	HB2492 - 58 - LRB103 26244 RJT 52604 b
	2123	+
	2124	+
	2125	+	HB2492- 59 -LRB103 26244 RJT 52604 b HB2492 - 59 - LRB103 26244 RJT 52604 b
	2126	+	HB2492 - 59 - LRB103 26244 RJT 52604 b
	2127	+	1 subsection (p-105) and on any bonds issued to refund or
	2128	+	2 continue to refund such bonds shall not be considered
	2129	+	3 indebtedness for purposes of any statutory debt limitation.
	2130	+	4 Bonds issued under this subsection (p-105) and any bonds
	2131	+	5 issued to refund or continue to refund such bonds must mature
	2132	+	6 within not to exceed 30 years from their date, notwithstanding
	2133	+	7 any other law, including Section 19-3 of this Code, to the
	2134	+	8 contrary.
	2135	+	9 (p-110) In addition to all other authority to issue bonds,
	2136	+	10 Sandoval Community Unit School District 501 may issue bonds
	2137	+	11 with an aggregate principal amount not to exceed $2,000,000,
	2138	+	12 but only if all of the following conditions are met:
	2139	+	13 (1) The voters of the district approved a proposition
	2140	+	14 for the bond issuance at an election held on March 20,
	2141	+	15 2012.
	2142	+	16 (2) Prior to the issuance of the bonds, the school
	2143	+	17 board determines, by resolution, that (i) the building and
	2144	+	18 equipping of a new school building is required because of
	2145	+	19 the age and current condition of the Sandoval Elementary
	2146	+	20 School building and (ii) the issuance of bonds is
	2147	+	21 authorized by a statute that exempts the debt incurred on
	2148	+	22 the bonds from the district's statutory debt limitation.
	2149	+	23 (3) The bonds are issued, in one or more bond
	2150	+	24 issuances, on or before March 19, 2022, but the aggregate
	2151	+	25 principal amount issued in all such bond issuances
	2152	+	26 combined must not exceed $2,000,000.
	2153	+
	2154	+
	2155	+
	2156	+
	2157	+
	2158	+	HB2492 - 59 - LRB103 26244 RJT 52604 b
	2159	+
	2160	+
	2161	+	HB2492- 60 -LRB103 26244 RJT 52604 b HB2492 - 60 - LRB103 26244 RJT 52604 b
	2162	+	HB2492 - 60 - LRB103 26244 RJT 52604 b
	2163	+	1 (4) The bonds are issued in accordance with this
	2164	+	2 Article.
	2165	+	3 (5) The proceeds of the bonds are used to accomplish
	2166	+	4 only those projects approved by the voters at the election
	2167	+	5 held on March 20, 2012.
	2168	+	6 The debt incurred on any bonds issued under this
	2169	+	7 subsection (p-110) and on any bonds issued to refund or
	2170	+	8 continue to refund the bonds shall not be considered
	2171	+	9 indebtedness for purposes of any statutory debt limitation.
	2172	+	10 (p-115) In addition to all other authority to issue bonds,
	2173	+	11 Bureau Valley Community Unit School District 340 may issue
	2174	+	12 bonds with an aggregate principal amount not to exceed
	2175	+	13 $25,000,000, but only if all of the following conditions are
	2176	+	14 met:
	2177	+	15 (1) The voters of the district approve a proposition
	2178	+	16 for the bond issuance at an election held on or after March
	2179	+	17 15, 2016.
	2180	+	18 (2) Prior to the issuances of the bonds, the school
	2181	+	19 board determines, by resolution, that (i) the renovating
	2182	+	20 and equipping of some existing school buildings, the
	2183	+	21 building and equipping of new school buildings, and the
	2184	+	22 demolishing of some existing school buildings are required
	2185	+	23 as a result of the age and condition of existing school
	2186	+	24 buildings and (ii) the issuance of bonds is authorized by
	2187	+	25 a statute that exempts the debt incurred on the bonds from
	2188	+	26 the district's statutory debt limitation.
	2189	+
	2190	+
	2191	+
	2192	+
	2193	+
	2194	+	HB2492 - 60 - LRB103 26244 RJT 52604 b
	2195	+
	2196	+
	2197	+	HB2492- 61 -LRB103 26244 RJT 52604 b HB2492 - 61 - LRB103 26244 RJT 52604 b
	2198	+	HB2492 - 61 - LRB103 26244 RJT 52604 b
	2199	+	1 (3) The bonds are issued, in one or more issuances, on
	2200	+	2 or before July 1, 2021, but the aggregate principal amount
	2201	+	3 issued in all such bond issuances combined must not exceed
	2202	+	4 $25,000,000.
	2203	+	5 (4) The bonds are issued in accordance with this
	2204	+	6 Article.
	2205	+	7 (5) The proceeds of the bonds are used to accomplish
	2206	+	8 only those projects approved by the voters at an election
	2207	+	9 held on or after March 15, 2016.
	2208	+	10 The debt incurred on any bonds issued under this
	2209	+	11 subsection (p-115) shall not be considered indebtedness for
	2210	+	12 purposes of any statutory debt limitation. Bonds issued under
	2211	+	13 this subsection (p-115) must mature within not to exceed 30
	2212	+	14 years from their date, notwithstanding any other law,
	2213	+	15 including Section 19-3 of this Code, to the contrary.
	2214	+	16 (p-120) In addition to all other authority to issue bonds,
	2215	+	17 Paxton-Buckley-Loda Community Unit School District 10 may
	2216	+	18 issue bonds with an aggregate principal amount not to exceed
	2217	+	19 $28,500,000, but only if all the following conditions are met:
	2218	+	20 (1) The voters of the district approve a proposition
	2219	+	21 for the bond issuance at an election held on or after
	2220	+	22 November 8, 2016.
	2221	+	23 (2) Prior to the issuance of the bonds, the school
	2222	+	24 board determines, by resolution, that (i) the projects as
	2223	+	25 described in said proposition, relating to the building
	2224	+	26 and equipping of one or more school buildings or additions
	2225	+
	2226	+
	2227	+
	2228	+
	2229	+
	2230	+	HB2492 - 61 - LRB103 26244 RJT 52604 b
	2231	+
	2232	+
	2233	+	HB2492- 62 -LRB103 26244 RJT 52604 b HB2492 - 62 - LRB103 26244 RJT 52604 b
	2234	+	HB2492 - 62 - LRB103 26244 RJT 52604 b
	2235	+	1 to existing school buildings, are required as a result of
	2236	+	2 the age and condition of the District's existing buildings
	2237	+	3 and (ii) the issuance of bonds is authorized by a statute
	2238	+	4 that exempts the debt incurred on the bonds from the
	2239	+	5 district's statutory debt limitation.
	2240	+	6 (3) The bonds are issued, in one or more issuances,
	2241	+	7 not later than 5 years after the date of the referendum
	2242	+	8 approving the issuance of the bonds, but the aggregate
	2243	+	9 principal amount issued in all such bond issuances
	2244	+	10 combined must not exceed $28,500,000.
	2245	+	11 (4) The bonds are issued in accordance with this
	2246	+	12 Article.
	2247	+	13 (5) The proceeds of the bonds are used to accomplish
	2248	+	14 only those projects approved by the voters at an election
	2249	+	15 held on or after November 8, 2016.
	2250	+	16 The debt incurred on any bonds issued under this
	2251	+	17 subsection (p-120) and on any bonds issued to refund or
	2252	+	18 continue to refund such bonds shall not be considered
	2253	+	19 indebtedness for purposes of any statutory debt limitation.
	2254	+	20 Bonds issued under this subsection (p-120) and any bonds
	2255	+	21 issued to refund or continue to refund such bonds must mature
	2256	+	22 within not to exceed 25 years from their date, notwithstanding
	2257	+	23 any other law, including Section 19-3 of this Code, to the
	2258	+	24 contrary.
	2259	+	25 (p-125) In addition to all other authority to issue bonds,
	2260	+	26 Hillsboro Community Unit School District 3 may issue bonds
	2261	+
	2262	+
	2263	+
	2264	+
	2265	+
	2266	+	HB2492 - 62 - LRB103 26244 RJT 52604 b
	2267	+
	2268	+
	2269	+	HB2492- 63 -LRB103 26244 RJT 52604 b HB2492 - 63 - LRB103 26244 RJT 52604 b
	2270	+	HB2492 - 63 - LRB103 26244 RJT 52604 b
	2271	+	1 with an aggregate principal amount not to exceed $34,500,000,
	2272	+	2 but only if all the following conditions are met:
	2273	+	3 (1) The voters of the district approve a proposition
	2274	+	4 for the bond issuance at an election held on or after March
	2275	+	5 15, 2016.
	2276	+	6 (2) Prior to the issuance of the bonds, the school
	2277	+	7 board determines, by resolution, that (i) altering,
	2278	+	8 repairing, and equipping the high school
	2279	+	9 agricultural/vocational building, demolishing the high
	2280	+	10 school main, cafeteria, and gym buildings, building and
	2281	+	11 equipping a school building, and improving sites are
	2282	+	12 required as a result of the age and condition of the
	2283	+	13 district's existing buildings and (ii) the issuance of
	2284	+	14 bonds is authorized by a statute that exempts the debt
	2285	+	15 incurred on the bonds from the district's statutory debt
	2286	+	16 limitation.
1382	2287		17 (3) The bonds are issued, in one or more issuances,
1383	2288		18 not later than 5 years after the date of the referendum
1384	2289		19 approving the issuance of the bonds, but the aggregate
1385	2290		20 principal amount issued in all such bond issuances
1386		-	21 combined must not exceed $~~150~~,~~000~~,000.
	2291	+	21 combined must not exceed $34,500,000.
1387	2292		22 (4) The bonds are issued in accordance with this
1388	2293		23 Article.
1389	2294		24 (5) The proceeds of the bonds are used to accomplish
1390	2295		25 only those projects approved by the voters at an election
1391	2296		26 held on or after March 15, 2016.
1392	2297
1393	2298
1394	2299
1395	2300
1396	2301
1397		-	HB2492 ~~Engrossed - 39~~ - LRB103 26244 RJT 52604 b
1398		-
1399		-
1400		-	HB2492 ~~Engrossed- 40~~ -LRB103 26244 RJT 52604 b HB2492 ~~Engrossed - 40~~ - LRB103 26244 RJT 52604 b
1401		-	HB2492 ~~Engrossed - 40~~ - LRB103 26244 RJT 52604 b
	2302	+	HB2492 - 63 - LRB103 26244 RJT 52604 b
	2303	+
	2304	+
	2305	+	HB2492- 64 -LRB103 26244 RJT 52604 b HB2492 - 64 - LRB103 26244 RJT 52604 b
	2306	+	HB2492 - 64 - LRB103 26244 RJT 52604 b
1402	2307		1 The debt incurred on any bonds issued under this
1403		-	2 subsection (p-~~105~~) and on any bonds issued to refund or
	2308	+	2 subsection (p-125) and on any bonds issued to refund or
1404	2309		3 continue to refund such bonds shall not be considered
1405	2310		4 indebtedness for purposes of any statutory debt limitation.
1406		-	5 Bonds issued under this subsection (p-~~105~~) and any bonds
	2311	+	5 Bonds issued under this subsection (p-125) and any bonds
1407	2312		6 issued to refund or continue to refund such bonds must mature
1408		-	7 within not to exceed 30 years from their date, notwithstanding
	2313	+	7 within not to exceed 25 years from their date, notwithstanding
1409	2314		8 any other law, including Section 19-3 of this Code, to the
1410	2315		9 contrary.
1411		-	10 (p-110) In addition to all other authority to issue bonds,
1412		-	11 Sandoval Community Unit School District 501 may issue bonds
1413		-	12 with an aggregate principal amount not to exceed $2,000,000,
1414		-	13 but only if all of the following conditions are met:
1415		-	14 (1) The voters of the district approved a proposition
1416		-	15 for the bond issuance at an election held on March 20,
1417		-	16 2012.
	2316	+	10 (p-130) In addition to all other authority to issue bonds,
	2317	+	11 Waltham Community Consolidated School District 185 may incur
	2318	+	12 indebtedness in an aggregate principal amount not to exceed
	2319	+	13 $9,500,000 to build and equip a new school building and
	2320	+	14 improve the site thereof, but only if all the following
	2321	+	15 conditions are met:
	2322	+	16 (1) A majority of the voters of the district voting on
	2323	+	17 an advisory question voted in favor of the question
	2324	+	18 regarding the use of funding sources to build a new school
	2325	+	19 building without increasing property tax rates at the
	2326	+	20 general election held on November 8, 2016.
	2327	+	21 (2) Prior to incurring the debt, the school board
	2328	+	22 enters into intergovernmental agreements with the City of
	2329	+	23 LaSalle to pledge moneys in a special tax allocation fund
	2330	+	24 associated with tax increment financing districts LaSalle
	2331	+	25 I and LaSalle III and with the Village of Utica to pledge
	2332	+	26 moneys in a special tax allocation fund associated with
	2333	+
	2334	+
	2335	+
	2336	+
	2337	+
	2338	+	HB2492 - 64 - LRB103 26244 RJT 52604 b
	2339	+
	2340	+
	2341	+	HB2492- 65 -LRB103 26244 RJT 52604 b HB2492 - 65 - LRB103 26244 RJT 52604 b
	2342	+	HB2492 - 65 - LRB103 26244 RJT 52604 b
	2343	+	1 tax increment financing district Utica I for the purposes
	2344	+	2 of repaying the debt issued pursuant to this subsection
	2345	+	3 (p-130). Notwithstanding any other provision of law to the
	2346	+	4 contrary, the intergovernmental agreement may extend these
	2347	+	5 tax increment financing districts as necessary to ensure
	2348	+	6 repayment of the debt.
	2349	+	7 (3) Prior to incurring the debt, the school board
	2350	+	8 determines, by resolution, that (i) the building and
	2351	+	9 equipping of a new school building is required as a result
	2352	+	10 of the age and condition of the district's existing
	2353	+	11 buildings and (ii) the debt is authorized by a statute
	2354	+	12 that exempts the debt from the district's statutory debt
	2355	+	13 limitation.
	2356	+	14 (4) The debt is incurred, in one or more issuances,
	2357	+	15 not later than January 1, 2021, and the aggregate
	2358	+	16 principal amount of debt issued in all such issuances
	2359	+	17 combined must not exceed $9,500,000.
	2360	+	18 The debt incurred under this subsection (p-130) and on any
	2361	+	19 bonds issued to pay, refund, or continue to refund such debt
	2362	+	20 shall not be considered indebtedness for purposes of any
	2363	+	21 statutory debt limitation. Debt issued under this subsection
	2364	+	22 (p-130) and any bonds issued to pay, refund, or continue to
	2365	+	23 refund such debt must mature within not to exceed 25 years from
	2366	+	24 their date, notwithstanding any other law, including Section
	2367	+	25 19-11 of this Code and subsection (b) of Section 17 of the
	2368	+	26 Local Government Debt Reform Act, to the contrary.
	2369	+
	2370	+
	2371	+
	2372	+
	2373	+
	2374	+	HB2492 - 65 - LRB103 26244 RJT 52604 b
	2375	+
	2376	+
	2377	+	HB2492- 66 -LRB103 26244 RJT 52604 b HB2492 - 66 - LRB103 26244 RJT 52604 b
	2378	+	HB2492 - 66 - LRB103 26244 RJT 52604 b
	2379	+	1 (p-133) Notwithstanding the provisions of subsection (a)
	2380	+	2 of this Section or of any other law, bonds heretofore or
	2381	+	3 hereafter issued by East Prairie School District 73 with an
	2382	+	4 aggregate principal amount not to exceed $47,353,147 and
	2383	+	5 approved by the voters of the district at the general election
	2384	+	6 held on November 8, 2016, and any bonds issued to refund or
	2385	+	7 continue to refund the bonds, shall not be considered
	2386	+	8 indebtedness for the purposes of any statutory debt limitation
	2387	+	9 and may mature within not to exceed 25 years from their date,
	2388	+	10 notwithstanding any other law, including Section 19-3 of this
	2389	+	11 Code, to the contrary.
	2390	+	12 (p-135) In addition to all other authority to issue bonds,
	2391	+	13 Brookfield LaGrange Park School District Number 95 may issue
	2392	+	14 bonds with an aggregate principal amount not to exceed
	2393	+	15 $20,000,000, but only if all the following conditions are met:
	2394	+	16 (1) The voters of the district approve a proposition
	2395	+	17 for the bond issuance at an election held on or after April
	2396	+	18 4, 2017.
	2397	+	19 (2) Prior to the issuance of the bonds, the school
	2398	+	20 board determines, by resolution, that (i) the additions
	2399	+	21 and renovations to the Brook Park Elementary and S. E.
	2400	+	22 Gross Middle School buildings are required to accommodate
	2401	+	23 enrollment growth, replace outdated facilities, and create
	2402	+	24 spaces consistent with 21st century learning and (ii) the
	2403	+	25 issuance of the bonds is authorized by a statute that
	2404	+	26 exempts the debt incurred on the bonds from the district's
	2405	+
	2406	+
	2407	+
	2408	+
	2409	+
	2410	+	HB2492 - 66 - LRB103 26244 RJT 52604 b
	2411	+
	2412	+
	2413	+	HB2492- 67 -LRB103 26244 RJT 52604 b HB2492 - 67 - LRB103 26244 RJT 52604 b
	2414	+	HB2492 - 67 - LRB103 26244 RJT 52604 b
	2415	+	1 statutory debt limitation.
	2416	+	2 (3) The bonds are issued, in one or more issuances,
	2417	+	3 not later than 5 years after the date of the referendum
	2418	+	4 approving the issuance of the bonds, but the aggregate
	2419	+	5 principal amount issued in all such bond issuances
	2420	+	6 combined must not exceed $20,000,000.
	2421	+	7 (4) The bonds are issued in accordance with this
	2422	+	8 Article.
	2423	+	9 (5) The proceeds of the bonds are used to accomplish
	2424	+	10 only those projects approved by the voters at an election
	2425	+	11 held on or after April 4, 2017.
	2426	+	12 The debt incurred on any bonds issued under this
	2427	+	13 subsection (p-135) and on any bonds issued to refund or
	2428	+	14 continue to refund such bonds shall not be considered
	2429	+	15 indebtedness for purposes of any statutory debt limitation.
	2430	+	16 (p-140) The debt incurred on any bonds issued by Wolf
	2431	+	17 Branch School District 113 under Section 17-2.11 of this Code
	2432	+	18 for the purpose of repairing or replacing all or a portion of a
	2433	+	19 school building that has been damaged by mine subsidence in an
	2434	+	20 aggregate principal amount not to exceed $17,500,000 and on
	2435	+	21 any bonds issued to refund or continue to refund those bonds
	2436	+	22 shall not be considered indebtedness for purposes of any
	2437	+	23 statutory debt limitation and must mature no later than 25
	2438	+	24 years from the date of issuance, notwithstanding any other
	2439	+	25 provision of law to the contrary, including Section 19-3 of
	2440	+	26 this Code. The maximum allowable amount of debt exempt from
	2441	+
	2442	+
	2443	+
	2444	+
	2445	+
	2446	+	HB2492 - 67 - LRB103 26244 RJT 52604 b
	2447	+
	2448	+
	2449	+	HB2492- 68 -LRB103 26244 RJT 52604 b HB2492 - 68 - LRB103 26244 RJT 52604 b
	2450	+	HB2492 - 68 - LRB103 26244 RJT 52604 b
	2451	+	1 statutory debt limitations under this subsection (p-140) shall
	2452	+	2 be reduced by an amount equal to any grants awarded by the
	2453	+	3 State Board of Education or Capital Development Board for the
	2454	+	4 explicit purpose of repairing or reconstructing a school
	2455	+	5 building damaged by mine subsidence.
	2456	+	6 (p-145) In addition to all other authority to issue bonds,
	2457	+	7 Greenview Community Unit School District 200 may issue bonds
	2458	+	8 with an aggregate principal amount not to exceed $3,500,000,
	2459	+	9 but only if all of the following conditions are met:
	2460	+	10 (1) The voters of the district approve a proposition
	2461	+	11 for the bond issuance at an election held on March 17,
	2462	+	12 2020.
	2463	+	13 (2) Prior to the issuance of the bonds, the school
	2464	+	14 board determines, by resolution, that the bonding is
	2465	+	15 necessary for construction and expansion of the district's
	2466	+	16 kindergarten through grade 12 facility.
	2467	+	17 (3) The bonds are issued, in one or more issuances,
	2468	+	18 not later than 5 years after the date of the referendum
	2469	+	19 approving the issuance of the bonds, but the aggregate
	2470	+	20 principal amount issued in all such bond issuances
	2471	+	21 combined must not exceed $3,500,000.
	2472	+	22 (4) The bonds are issued in accordance with this
	2473	+	23 Article.
	2474	+	24 (5) The proceeds of the bonds are used to accomplish
	2475	+	25 only the projects approved by the voters at an election
	2476	+	26 held on March 17, 2020.
	2477	+
	2478	+
	2479	+
	2480	+
	2481	+
	2482	+	HB2492 - 68 - LRB103 26244 RJT 52604 b
	2483	+
	2484	+
	2485	+	HB2492- 69 -LRB103 26244 RJT 52604 b HB2492 - 69 - LRB103 26244 RJT 52604 b
	2486	+	HB2492 - 69 - LRB103 26244 RJT 52604 b
	2487	+	1 The debt incurred on any bonds issued under this
	2488	+	2 subsection (p-145) and on any bonds issued to refund or
	2489	+	3 continue to refund such bonds shall not be considered
	2490	+	4 indebtedness for purposes of any statutory debt limitation.
	2491	+	5 Bonds issued under this subsection (p-145) and any bonds
	2492	+	6 issued to refund or continue to refund such bonds must mature
	2493	+	7 within not to exceed 25 years from their date, notwithstanding
	2494	+	8 any other law, including Section 19-3 of this Code, to the
	2495	+	9 contrary.
	2496	+	10 (p-150) In addition to all other authority to issue bonds,
	2497	+	11 Komarek School District 94 may issue bonds with an aggregate
	2498	+	12 principal amount not to exceed $20,800,000, but only if all of
	2499	+	13 the following conditions are met:
	2500	+	14 (1) The voters of the district approve a proposition
	2501	+	15 for the bond issuance at an election held on or after March
	2502	+	16 17, 2020.
1418	2503		17 (2) Prior to the issuance of the bonds, the school
1419		-	18 board determines, by resolution, that (i) the building and
1420		-	19 equipping of a new school building is required because of
1421		-	20 the age and current condition of the Sandoval Elementary
1422		-	21 School building and (ii) the issuance of bonds is
1423		-	22 authorized by a statute that exempts the debt incurred on
1424		-	23 the bonds from the district's statutory debt limitation.
1425		-	24 (3) The bonds are issued, in one or more bond
1426		-	25 issuances, on or before March 19, 2022, but the aggregate
1427		-	26 principal amount issued in all such bond issuances
1428		-
1429		-
1430		-
1431		-
1432		-
1433		-	HB2492 Engrossed - 40 - LRB103 26244 RJT 52604 b
1434		-
1435		-
1436		-	HB2492 Engrossed- 41 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 41 - LRB103 26244 RJT 52604 b
1437		-	HB2492 Engrossed - 41 - LRB103 26244 RJT 52604 b
1438		-	1 combined must not exceed $2,000,000.
1439		-	2 (4) The bonds are issued in accordance with this
1440		-	3 Article.
1441		-	4 (5) The proceeds of the bonds are used to accomplish
1442		-	5 only those projects approved by the voters at the election
1443		-	6 held on March 20, 2012.
1444		-	7 The debt incurred on any bonds issued under this
1445		-	8 subsection (p-110) and on any bonds issued to refund or
1446		-	9 continue to refund the bonds shall not be considered
1447		-	10 indebtedness for purposes of any statutory debt limitation.
1448		-	11 (p-115) In addition to all other authority to issue bonds,
1449		-	12 Bureau Valley Community Unit School District 340 may issue
1450		-	13 bonds with an aggregate principal amount not to exceed
1451		-	14 $25,000,000, but only if all of the following conditions are
1452		-	15 met:
1453		-	16 (1) The voters of the district approve a proposition
1454		-	17 for the bond issuance at an election held on or after March
1455		-	18 15, 2016.
1456		-	19 (2) Prior to the issuances of the bonds, the school
1457		-	20 board determines, by resolution, that (i) the renovating
1458		-	21 and equipping of some existing school buildings, the
1459		-	22 building and equipping of new school buildings, and the
1460		-	23 demolishing of some existing school buildings are required
1461		-	24 as a result of the age and condition of existing school
1462		-	25 buildings and (ii) the issuance of bonds is authorized by
1463		-	26 a statute that exempts the debt incurred on the bonds from
1464		-
1465		-
1466		-
1467		-
1468		-
1469		-	HB2492 Engrossed - 41 - LRB103 26244 RJT 52604 b
1470		-
1471		-
1472		-	HB2492 Engrossed- 42 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 42 - LRB103 26244 RJT 52604 b
1473		-	HB2492 Engrossed - 42 - LRB103 26244 RJT 52604 b
1474		-	1 the district's statutory debt limitation.
1475		-	2 (3) The bonds are issued, in one or more issuances, on
1476		-	3 or before July 1, 2021, but the aggregate principal amount
1477		-	4 issued in all such bond issuances combined must not exceed
1478		-	5 $25,000,000.
1479		-	6 (4) The bonds are issued in accordance with this
1480		-	7 Article.
1481		-	8 (5) The proceeds of the bonds are used to accomplish
1482		-	9 only those projects approved by the voters at an election
1483		-	10 held on or after March 15, 2016.
1484		-	11 The debt incurred on any bonds issued under this
1485		-	12 subsection (p-115) shall not be considered indebtedness for
1486		-	13 purposes of any statutory debt limitation. Bonds issued under
1487		-	14 this subsection (p-115) must mature within not to exceed 30
1488		-	15 years from their date, notwithstanding any other law,
1489		-	16 including Section 19-3 of this Code, to the contrary.
1490		-	17 (p-120) In addition to all other authority to issue bonds,
1491		-	18 Paxton-Buckley-Loda Community Unit School District 10 may
1492		-	19 issue bonds with an aggregate principal amount not to exceed
1493		-	20 $28,500,000, but only if all the following conditions are met:
1494		-	21 (1) The voters of the district approve a proposition
1495		-	22 for the bond issuance at an election held on or after
1496		-	23 November 8, 2016.
1497		-	24 (2) Prior to the issuance of the bonds, the school
1498		-	25 board determines, by resolution, that (i) the projects as
1499		-	26 described in said proposition, relating to the building
1500		-
1501		-
1502		-
1503		-
1504		-
1505		-	HB2492 Engrossed - 42 - LRB103 26244 RJT 52604 b
1506		-
1507		-
1508		-	HB2492 Engrossed- 43 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 43 - LRB103 26244 RJT 52604 b
1509		-	HB2492 Engrossed - 43 - LRB103 26244 RJT 52604 b
1510		-	1 and equipping of one or more school buildings or additions
1511		-	2 to existing school buildings, are required as a result of
1512		-	3 the age and condition of the District's existing buildings
1513		-	4 and (ii) the issuance of bonds is authorized by a statute
1514		-	5 that exempts the debt incurred on the bonds from the
1515		-	6 district's statutory debt limitation.
1516		-	7 (3) The bonds are issued, in one or more issuances,
1517		-	8 not later than 5 years after the date of the referendum
1518		-	9 approving the issuance of the bonds, but the aggregate
1519		-	10 principal amount issued in all such bond issuances
1520		-	11 combined must not exceed $28,500,000.
1521		-	12 (4) The bonds are issued in accordance with this
1522		-	13 Article.
1523		-	14 (5) The proceeds of the bonds are used to accomplish
1524		-	15 only those projects approved by the voters at an election
1525		-	16 held on or after November 8, 2016.
1526		-	17 The debt incurred on any bonds issued under this
1527		-	18 subsection (p-120) and on any bonds issued to refund or
1528		-	19 continue to refund such bonds shall not be considered
1529		-	20 indebtedness for purposes of any statutory debt limitation.
1530		-	21 Bonds issued under this subsection (p-120) and any bonds
1531		-	22 issued to refund or continue to refund such bonds must mature
1532		-	23 within not to exceed 25 years from their date, notwithstanding
1533		-	24 any other law, including Section 19-3 of this Code, to the
1534		-	25 contrary.
1535		-	26 (p-125) In addition to all other authority to issue bonds,
1536		-
1537		-
1538		-
1539		-
1540		-
1541		-	HB2492 Engrossed - 43 - LRB103 26244 RJT 52604 b
1542		-
1543		-
1544		-	HB2492 Engrossed- 44 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 44 - LRB103 26244 RJT 52604 b
1545		-	HB2492 Engrossed - 44 - LRB103 26244 RJT 52604 b
1546		-	1 Hillsboro Community Unit School District 3 may issue bonds
1547		-	2 with an aggregate principal amount not to exceed $34,500,000,
1548		-	3 but only if all the following conditions are met:
1549		-	4 (1) The voters of the district approve a proposition
1550		-	5 for the bond issuance at an election held on or after March
1551		-	6 15, 2016.
1552		-	7 (2) Prior to the issuance of the bonds, the school
1553		-	8 board determines, by resolution, that (i) altering,
1554		-	9 repairing, and equipping the high school
1555		-	10 agricultural/vocational building, demolishing the high
1556		-	11 school main, cafeteria, and gym buildings, building and
1557		-	12 equipping a school building, and improving sites are
1558		-	13 required as a result of the age and condition of the
1559		-	14 district's existing buildings and (ii) the issuance of
1560		-	15 bonds is authorized by a statute that exempts the debt
1561		-	16 incurred on the bonds from the district's statutory debt
1562		-	17 limitation.
1563		-	18 (3) The bonds are issued, in one or more issuances,
1564		-	19 not later than 5 years after the date of the referendum
1565		-	20 approving the issuance of the bonds, but the aggregate
1566		-	21 principal amount issued in all such bond issuances
1567		-	22 combined must not exceed $34,500,000.
1568		-	23 (4) The bonds are issued in accordance with this
1569		-	24 Article.
1570		-	25 (5) The proceeds of the bonds are used to accomplish
1571		-	26 only those projects approved by the voters at an election
1572		-
1573		-
1574		-
1575		-
1576		-
1577		-	HB2492 Engrossed - 44 - LRB103 26244 RJT 52604 b
1578		-
1579		-
1580		-	HB2492 Engrossed- 45 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 45 - LRB103 26244 RJT 52604 b
1581		-	HB2492 Engrossed - 45 - LRB103 26244 RJT 52604 b
1582		-	1 held on or after March 15, 2016.
1583		-	2 The debt incurred on any bonds issued under this
1584		-	3 subsection (p-125) and on any bonds issued to refund or
1585		-	4 continue to refund such bonds shall not be considered
1586		-	5 indebtedness for purposes of any statutory debt limitation.
1587		-	6 Bonds issued under this subsection (p-125) and any bonds
1588		-	7 issued to refund or continue to refund such bonds must mature
1589		-	8 within not to exceed 25 years from their date, notwithstanding
1590		-	9 any other law, including Section 19-3 of this Code, to the
1591		-	10 contrary.
1592		-	11 (p-130) In addition to all other authority to issue bonds,
1593		-	12 Waltham Community Consolidated School District 185 may incur
1594		-	13 indebtedness in an aggregate principal amount not to exceed
1595		-	14 $9,500,000 to build and equip a new school building and
1596		-	15 improve the site thereof, but only if all the following
1597		-	16 conditions are met:
1598		-	17 (1) A majority of the voters of the district voting on
1599		-	18 an advisory question voted in favor of the question
1600		-	19 regarding the use of funding sources to build a new school
1601		-	20 building without increasing property tax rates at the
1602		-	21 general election held on November 8, 2016.
1603		-	22 (2) Prior to incurring the debt, the school board
1604		-	23 enters into intergovernmental agreements with the City of
1605		-	24 LaSalle to pledge moneys in a special tax allocation fund
1606		-	25 associated with tax increment financing districts LaSalle
1607		-	26 I and LaSalle III and with the Village of Utica to pledge
1608		-
1609		-
1610		-
1611		-
1612		-
1613		-	HB2492 Engrossed - 45 - LRB103 26244 RJT 52604 b
1614		-
1615		-
1616		-	HB2492 Engrossed- 46 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 46 - LRB103 26244 RJT 52604 b
1617		-	HB2492 Engrossed - 46 - LRB103 26244 RJT 52604 b
1618		-	1 moneys in a special tax allocation fund associated with
1619		-	2 tax increment financing district Utica I for the purposes
1620		-	3 of repaying the debt issued pursuant to this subsection
1621		-	4 (p-130). Notwithstanding any other provision of law to the
1622		-	5 contrary, the intergovernmental agreement may extend these
1623		-	6 tax increment financing districts as necessary to ensure
1624		-	7 repayment of the debt.
1625		-	8 (3) Prior to incurring the debt, the school board
1626		-	9 determines, by resolution, that (i) the building and
1627		-	10 equipping of a new school building is required as a result
1628		-	11 of the age and condition of the district's existing
1629		-	12 buildings and (ii) the debt is authorized by a statute
1630		-	13 that exempts the debt from the district's statutory debt
1631		-	14 limitation.
1632		-	15 (4) The debt is incurred, in one or more issuances,
1633		-	16 not later than January 1, 2021, and the aggregate
1634		-	17 principal amount of debt issued in all such issuances
1635		-	18 combined must not exceed $9,500,000.
1636		-	19 The debt incurred under this subsection (p-130) and on any
1637		-	20 bonds issued to pay, refund, or continue to refund such debt
1638		-	21 shall not be considered indebtedness for purposes of any
1639		-	22 statutory debt limitation. Debt issued under this subsection
1640		-	23 (p-130) and any bonds issued to pay, refund, or continue to
1641		-	24 refund such debt must mature within not to exceed 25 years from
1642		-	25 their date, notwithstanding any other law, including Section
1643		-	26 19-11 of this Code and subsection (b) of Section 17 of the
1644		-
1645		-
1646		-
1647		-
1648		-
1649		-	HB2492 Engrossed - 46 - LRB103 26244 RJT 52604 b
1650		-
1651		-
1652		-	HB2492 Engrossed- 47 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 47 - LRB103 26244 RJT 52604 b
1653		-	HB2492 Engrossed - 47 - LRB103 26244 RJT 52604 b
1654		-	1 Local Government Debt Reform Act, to the contrary.
1655		-	2 (p-133) Notwithstanding the provisions of subsection (a)
1656		-	3 of this Section or of any other law, bonds heretofore or
1657		-	4 hereafter issued by East Prairie School District 73 with an
1658		-	5 aggregate principal amount not to exceed $47,353,147 and
1659		-	6 approved by the voters of the district at the general election
1660		-	7 held on November 8, 2016, and any bonds issued to refund or
1661		-	8 continue to refund the bonds, shall not be considered
1662		-	9 indebtedness for the purposes of any statutory debt limitation
1663		-	10 and may mature within not to exceed 25 years from their date,
1664		-	11 notwithstanding any other law, including Section 19-3 of this
1665		-	12 Code, to the contrary.
1666		-	13 (p-135) In addition to all other authority to issue bonds,
1667		-	14 Brookfield LaGrange Park School District Number 95 may issue
1668		-	15 bonds with an aggregate principal amount not to exceed
1669		-	16 $20,000,000, but only if all the following conditions are met:
1670		-	17 (1) The voters of the district approve a proposition
1671		-	18 for the bond issuance at an election held on or after April
1672		-	19 4, 2017.
1673		-	20 (2) Prior to the issuance of the bonds, the school
1674		-	21 board determines, by resolution, that (i) the additions
1675		-	22 and renovations to the Brook Park Elementary and S. E.
1676		-	23 Gross Middle School buildings are required to accommodate
1677		-	24 enrollment growth, replace outdated facilities, and create
1678		-	25 spaces consistent with 21st century learning and (ii) the
1679		-	26 issuance of the bonds is authorized by a statute that
1680		-
1681		-
1682		-
1683		-
1684		-
1685		-	HB2492 Engrossed - 47 - LRB103 26244 RJT 52604 b
1686		-
1687		-
1688		-	HB2492 Engrossed- 48 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 48 - LRB103 26244 RJT 52604 b
1689		-	HB2492 Engrossed - 48 - LRB103 26244 RJT 52604 b
1690		-	1 exempts the debt incurred on the bonds from the district's
1691		-	2 statutory debt limitation.
1692		-	3 (3) The bonds are issued, in one or more issuances,
1693		-	4 not later than 5 years after the date of the referendum
1694		-	5 approving the issuance of the bonds, but the aggregate
1695		-	6 principal amount issued in all such bond issuances
1696		-	7 combined must not exceed $20,000,000.
1697		-	8 (4) The bonds are issued in accordance with this
1698		-	9 Article.
1699		-	10 (5) The proceeds of the bonds are used to accomplish
1700		-	11 only those projects approved by the voters at an election
1701		-	12 held on or after April 4, 2017.
1702		-	13 The debt incurred on any bonds issued under this
1703		-	14 subsection (p-135) and on any bonds issued to refund or
1704		-	15 continue to refund such bonds shall not be considered
1705		-	16 indebtedness for purposes of any statutory debt limitation.
1706		-	17 (p-140) The debt incurred on any bonds issued by Wolf
1707		-	18 Branch School District 113 under Section 17-2.11 of this Code
1708		-	19 for the purpose of repairing or replacing all or a portion of a
1709		-	20 school building that has been damaged by mine subsidence in an
1710		-	21 aggregate principal amount not to exceed $17,500,000 and on
1711		-	22 any bonds issued to refund or continue to refund those bonds
1712		-	23 shall not be considered indebtedness for purposes of any
1713		-	24 statutory debt limitation and must mature no later than 25
1714		-	25 years from the date of issuance, notwithstanding any other
1715		-	26 provision of law to the contrary, including Section 19-3 of
1716		-
1717		-
1718		-
1719		-
1720		-
1721		-	HB2492 Engrossed - 48 - LRB103 26244 RJT 52604 b
1722		-
1723		-
1724		-	HB2492 Engrossed- 49 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 49 - LRB103 26244 RJT 52604 b
1725		-	HB2492 Engrossed - 49 - LRB103 26244 RJT 52604 b
1726		-	1 this Code. The maximum allowable amount of debt exempt from
1727		-	2 statutory debt limitations under this subsection (p-140) shall
1728		-	3 be reduced by an amount equal to any grants awarded by the
1729		-	4 State Board of Education or Capital Development Board for the
1730		-	5 explicit purpose of repairing or reconstructing a school
1731		-	6 building damaged by mine subsidence.
1732		-	7 (p-145) In addition to all other authority to issue bonds,
1733		-	8 Greenview Community Unit School District 200 may issue bonds
1734		-	9 with an aggregate principal amount not to exceed $3,500,000,
1735		-	10 but only if all of the following conditions are met:
1736		-	11 (1) The voters of the district approve a proposition
1737		-	12 for the bond issuance at an election held on March 17,
1738		-	13 2020.
1739		-	14 (2) Prior to the issuance of the bonds, the school
1740		-	15 board determines, by resolution, that the bonding is
1741		-	16 necessary for construction and expansion of the district's
1742		-	17 kindergarten through grade 12 facility.
1743		-	18 (3) The bonds are issued, in one or more issuances,
1744		-	19 not later than 5 years after the date of the referendum
1745		-	20 approving the issuance of the bonds, but the aggregate
1746		-	21 principal amount issued in all such bond issuances
1747		-	22 combined must not exceed $3,500,000.
1748		-	23 (4) The bonds are issued in accordance with this
1749		-	24 Article.
1750		-	25 (5) The proceeds of the bonds are used to accomplish
1751		-	26 only the projects approved by the voters at an election
1752		-
1753		-
1754		-
1755		-
1756		-
1757		-	HB2492 Engrossed - 49 - LRB103 26244 RJT 52604 b
1758		-
1759		-
1760		-	HB2492 Engrossed- 50 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 50 - LRB103 26244 RJT 52604 b
1761		-	HB2492 Engrossed - 50 - LRB103 26244 RJT 52604 b
1762		-	1 held on March 17, 2020.
1763		-	2 The debt incurred on any bonds issued under this
1764		-	3 subsection (p-145) and on any bonds issued to refund or
1765		-	4 continue to refund such bonds shall not be considered
1766		-	5 indebtedness for purposes of any statutory debt limitation.
1767		-	6 Bonds issued under this subsection (p-145) and any bonds
1768		-	7 issued to refund or continue to refund such bonds must mature
1769		-	8 within not to exceed 25 years from their date, notwithstanding
1770		-	9 any other law, including Section 19-3 of this Code, to the
1771		-	10 contrary.
1772		-	11 (p-150) In addition to all other authority to issue bonds,
1773		-	12 Komarek School District 94 may issue bonds with an aggregate
1774		-	13 principal amount not to exceed $20,800,000, but only if all of
1775		-	14 the following conditions are met:
1776		-	15 (1) The voters of the district approve a proposition
1777		-	16 for the bond issuance at an election held on or after March
1778		-	17 17, 2020.
1779		-	18 (2) Prior to the issuance of the bonds, the school
1780		-	19 board determines, by resolution, that (i) building and
1781		-	20 equipping additions to, altering, repairing, equipping, or
1782		-	21 demolishing a portion of, or improving the site of the
1783		-	22 district's existing school building is required as a
1784		-	23 result of the age and condition of the existing building
1785		-	24 and (ii) the issuance of the bonds is authorized by a
1786		-	25 statute that exempts the debt incurred on the bonds from
1787		-	26 the district's statutory debt limitation.
1788		-
1789		-
1790		-
1791		-
1792		-
1793		-	HB2492 Engrossed - 50 - LRB103 26244 RJT 52604 b
1794		-
1795		-
1796		-	HB2492 Engrossed- 51 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 51 - LRB103 26244 RJT 52604 b
1797		-	HB2492 Engrossed - 51 - LRB103 26244 RJT 52604 b
1798		-	1 (3) The bonds are issued, in one or more issuances, no
1799		-	2 later than 5 years after the date of the referendum
1800		-	3 approving the issuance of the bonds, but the aggregate
1801		-	4 principal amount issued in all of the bond issuances
1802		-	5 combined may not exceed $20,800,000.
1803		-	6 (4) The bonds are issued in accordance with this
1804		-	7 Article.
1805		-	8 (5) The proceeds of the bonds are used to accomplish
1806		-	9 only those projects approved by the voters at an election
1807		-	10 held on or after March 17, 2020.
1808		-	11 The debt incurred on any bonds issued under this
1809		-	12 subsection (p-150) and on any bonds issued to refund or
1810		-	13 continue to refund those bonds may not be considered
1811		-	14 indebtedness for purposes of any statutory debt limitation.
1812		-	15 Notwithstanding any other law to the contrary, including
1813		-	16 Section 19-3, bonds issued under this subsection (p-150) and
1814		-	17 any bonds issued to refund or continue to refund those bonds
1815		-	18 must mature within 30 years from their date of issuance.
1816		-	19 (p-155) In addition to all other authority to issue bonds,
1817		-	20 Williamsville Community Unit School District 15 may issue
1818		-	21 bonds with an aggregate principal amount not to exceed
1819		-	22 $40,000,000, but only if all of the following conditions are
1820		-	23 met:
1821		-	24 (1) The voters of the school district approve a
1822		-	25 proposition for the bond issuance at an election held on
1823		-	26 March 17, 2020.
1824		-
1825		-
1826		-
1827		-
1828		-
1829		-	HB2492 Engrossed - 51 - LRB103 26244 RJT 52604 b
1830		-
1831		-
1832		-	HB2492 Engrossed- 52 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 52 - LRB103 26244 RJT 52604 b
1833		-	HB2492 Engrossed - 52 - LRB103 26244 RJT 52604 b
1834		-	1 (2) Prior to the issuance of the bonds, the school
1835		-	2 board determines, by resolution, that the projects set
1836		-	3 forth in the proposition for the bond issuance were and
1837		-	4 are required because of the age and condition of the
1838		-	5 school district's existing school buildings.
1839		-	6 (3) The bonds are issued, in one or more issuances,
1840		-	7 not later than 5 years after the date of the referendum
1841		-	8 approving the issuance of the bonds, but the aggregate
1842		-	9 principal amount issued in all such bond issuances
1843		-	10 combined must not exceed $40,000,000.
1844		-	11 (4) The bonds are issued in accordance with this
1845		-	12 Article.
1846		-	13 (5) The proceeds of the bonds are used to accomplish
1847		-	14 only the projects approved by the voters at an election
1848		-	15 held on March 17, 2020.
1849		-	16 The debt incurred on any bonds issued under this
1850		-	17 subsection (p-155) and on any bonds issued to refund or
1851		-	18 continue to refund such bonds shall not be considered
1852		-	19 indebtedness for purposes of any statutory debt limitation.
1853		-	20 Bonds issued under this subsection (p-155) and any bonds
1854		-	21 issued to refund or continue to refund such bonds must mature
1855		-	22 within not to exceed 25 years from their date, notwithstanding
1856		-	23 any other law, including Section 19-3 of this Code, to the
1857		-	24 contrary.
1858		-	25 (p-160) In addition to all other authority to issue bonds,
1859		-	26 Berkeley School District 87 may issue bonds with an aggregate
1860		-
1861		-
1862		-
1863		-
1864		-
1865		-	HB2492 Engrossed - 52 - LRB103 26244 RJT 52604 b
1866		-
1867		-
1868		-	HB2492 Engrossed- 53 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 53 - LRB103 26244 RJT 52604 b
1869		-	HB2492 Engrossed - 53 - LRB103 26244 RJT 52604 b
1870		-	1 principal amount not to exceed $105,000,000, but only if all
1871		-	2 of the following conditions are met:
1872		-	3 (1) The voters of the district approve a proposition
1873		-	4 for the bond issuance at the general primary election held
1874		-	5 on March 17, 2020.
1875		-	6 (2) Prior to the issuance of the bonds, the school
1876		-	7 board determines, by resolution, that (i) building and
1877		-	8 equipping a school building to replace the Sunnyside
1878		-	9 Intermediate and MacArthur Middle School buildings;
1879		-	10 building and equipping additions to and altering,
1880		-	11 repairing, and equipping the Riley Intermediate and
1881		-	12 Northlake Middle School buildings; altering, repairing,
1882		-	13 and equipping the Whittier Primary and Jefferson Primary
1883		-	14 School buildings; improving sites; renovating
1884		-	15 instructional spaces; providing STEM (science, technology,
1885		-	16 engineering, and mathematics) labs; and constructing life
1886		-	17 safety, security, and infrastructure improvements are
1887		-	18 required to replace outdated facilities and to provide
1888		-	19 safe spaces consistent with 21st century learning and (ii)
1889		-	20 the issuance of bonds is authorized by a statute that
1890		-	21 exempts the debt incurred on the bonds from the district's
1891		-	22 statutory debt limitation.
1892		-	23 (3) The bonds are issued, in one or more issuances,
1893		-	24 not later than 5 years after the date of the referendum
1894		-	25 approving the issuance of the bonds, but the aggregate
1895		-	26 principal amount issued in all such bond issuances
1896		-
1897		-
1898		-
1899		-
1900		-
1901		-	HB2492 Engrossed - 53 - LRB103 26244 RJT 52604 b
1902		-
1903		-
1904		-	HB2492 Engrossed- 54 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 54 - LRB103 26244 RJT 52604 b
1905		-	HB2492 Engrossed - 54 - LRB103 26244 RJT 52604 b
1906		-	1 combined must not exceed $105,000,000.
1907		-	2 (4) The bonds are issued in accordance with this
1908		-	3 Article.
1909		-	4 (5) The proceeds of the bonds are used to accomplish
1910		-	5 only those projects approved by the voters at the general
1911		-	6 primary election held on March 17, 2020.
1912		-	7 The debt incurred on any bonds issued under this
1913		-	8 subsection (p-160) and on any bonds issued to refund or
1914		-	9 continue to refund such bonds shall not be considered
1915		-	10 indebtedness for purposes of any statutory debt limitation.
1916		-	11 (p-165) In addition to all other authority to issue bonds,
1917		-	12 Elmwood Park Community Unit School District 401 may issue
1918		-	13 bonds with an aggregate principal amount not to exceed
1919		-	14 $55,000,000, but only if all of the following conditions are
1920		-	15 met:
1921		-	16 (1) The voters of the district approve a proposition
1922		-	17 for the bond issuance at an election held on or after March
1923		-	18 17, 2020.
1924		-	19 (2) Prior to the issuance of the bonds, the school
1925		-	20 board determines, by resolution, that (i) the building and
1926		-	21 equipping of an addition to the John Mills Elementary
1927		-	22 School building; the renovating, altering, repairing, and
1928		-	23 equipping of the John Mills and Elmwood Elementary School
1929		-	24 buildings; the installation of safety and security
1930		-	25 improvements; and the improvement of school sites are
1931		-	26 required as a result of the age and condition of the
1932		-
1933		-
1934		-
1935		-
1936		-
1937		-	HB2492 Engrossed - 54 - LRB103 26244 RJT 52604 b
1938		-
1939		-
1940		-	HB2492 Engrossed- 55 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 55 - LRB103 26244 RJT 52604 b
1941		-	HB2492 Engrossed - 55 - LRB103 26244 RJT 52604 b
1942		-	1 district's existing school buildings and (ii) the issuance
1943		-	2 of bonds is authorized by a statute that exempts the debt
1944		-	3 incurred on the bonds from the district's statutory debt
1945		-	4 limitation.
	2504	+	18 board determines, by resolution, that (i) building and
	2505	+	19 equipping additions to, altering, repairing, equipping, or
	2506	+	20 demolishing a portion of, or improving the site of the
	2507	+	21 district's existing school building is required as a
	2508	+	22 result of the age and condition of the existing building
	2509	+	23 and (ii) the issuance of the bonds is authorized by a
	2510	+	24 statute that exempts the debt incurred on the bonds from
	2511	+	25 the district's statutory debt limitation.
	2512	+	26 (3) The bonds are issued, in one or more issuances, no
	2513	+
	2514	+
	2515	+
	2516	+
	2517	+
	2518	+	HB2492 - 69 - LRB103 26244 RJT 52604 b
	2519	+
	2520	+
	2521	+	HB2492- 70 -LRB103 26244 RJT 52604 b HB2492 - 70 - LRB103 26244 RJT 52604 b
	2522	+	HB2492 - 70 - LRB103 26244 RJT 52604 b
	2523	+	1 later than 5 years after the date of the referendum
	2524	+	2 approving the issuance of the bonds, but the aggregate
	2525	+	3 principal amount issued in all of the bond issuances
	2526	+	4 combined may not exceed $20,800,000.
	2527	+	5 (4) The bonds are issued in accordance with this
	2528	+	6 Article.
	2529	+	7 (5) The proceeds of the bonds are used to accomplish
	2530	+	8 only those projects approved by the voters at an election
	2531	+	9 held on or after March 17, 2020.
	2532	+	10 The debt incurred on any bonds issued under this
	2533	+	11 subsection (p-150) and on any bonds issued to refund or
	2534	+	12 continue to refund those bonds may not be considered
	2535	+	13 indebtedness for purposes of any statutory debt limitation.
	2536	+	14 Notwithstanding any other law to the contrary, including
	2537	+	15 Section 19-3, bonds issued under this subsection (p-150) and
	2538	+	16 any bonds issued to refund or continue to refund those bonds
	2539	+	17 must mature within 30 years from their date of issuance.
	2540	+	18 (p-155) In addition to all other authority to issue bonds,
	2541	+	19 Williamsville Community Unit School District 15 may issue
	2542	+	20 bonds with an aggregate principal amount not to exceed
	2543	+	21 $40,000,000, but only if all of the following conditions are
	2544	+	22 met:
	2545	+	23 (1) The voters of the school district approve a
	2546	+	24 proposition for the bond issuance at an election held on
	2547	+	25 March 17, 2020.
	2548	+	26 (2) Prior to the issuance of the bonds, the school
	2549	+
	2550	+
	2551	+
	2552	+
	2553	+
	2554	+	HB2492 - 70 - LRB103 26244 RJT 52604 b
	2555	+
	2556	+
	2557	+	HB2492- 71 -LRB103 26244 RJT 52604 b HB2492 - 71 - LRB103 26244 RJT 52604 b
	2558	+	HB2492 - 71 - LRB103 26244 RJT 52604 b
	2559	+	1 board determines, by resolution, that the projects set
	2560	+	2 forth in the proposition for the bond issuance were and
	2561	+	3 are required because of the age and condition of the
	2562	+	4 school district's existing school buildings.
1946	2563		5 (3) The bonds are issued, in one or more issuances,
1947	2564		6 not later than 5 years after the date of the referendum
1948	2565		7 approving the issuance of the bonds, but the aggregate
1949	2566		8 principal amount issued in all such bond issuances
1950		-	9 combined must not exceed $55,000,000.
	2567	+	9 combined must not exceed $40,000,000.
1951	2568		10 (4) The bonds are issued in accordance with this
1952	2569		11 Article.
1953	2570		12 (5) The proceeds of the bonds are used to accomplish
1954	2571		13 only the projects approved by the voters at an election
1955		-	14 held on ~~or after~~ March 17, 2020.
	2572	+	14 held on March 17, 2020.
1956	2573		15 The debt incurred on any bonds issued under this
1957		-	16 subsection (p-~~165~~) and on any bonds issued to refund or
	2574	+	16 subsection (p-155) and on any bonds issued to refund or
1958	2575		17 continue to refund such bonds shall not be considered
1959	2576		18 indebtedness for purposes of any statutory debt limitation.
1960		-	19 Bonds issued under this subsection (p-~~165~~) and any bonds
	2577	+	19 Bonds issued under this subsection (p-155) and any bonds
1961	2578		20 issued to refund or continue to refund such bonds must mature
1962	2579		21 within not to exceed 25 years from their date, notwithstanding
1963	2580		22 any other law, including Section 19-3 of this Code, to the
1964	2581		23 contrary.
1965		-	24 (p-~~170~~) In addition to all other authority to issue bonds,
1966		-	25 ~~Maroa-Forsyth Community Unit~~ School District 2 may issue bonds
1967		-	26 ~~with an aggregate~~ principal amount not to exceed $33,000,000,
1968		-
1969		-
1970		-
1971		-
1972		-
1973		-	HB2492 ~~Engrossed - 55~~ - LRB103 26244 RJT 52604 b
1974		-
1975		-
1976		-	HB2492 ~~Engrossed- 56~~ -LRB103 26244 RJT 52604 b HB2492 ~~Engrossed - 56~~ - LRB103 26244 RJT 52604 b
1977		-	HB2492 ~~Engrossed - 56~~ - LRB103 26244 RJT 52604 b
1978		-	1 ~~but only if all~~ of the following conditions are met:
1979		-	2 (1) The voters of the ~~school~~ district approve a
1980		-	3 ~~proposition~~ for the bond issuance at an election held on
1981		-	4 March 17, 2020.
	2582	+	24 (p-160) In addition to all other authority to issue bonds,
	2583	+	25 Berkeley School District 87 may issue bonds with an aggregate
	2584	+	26 principal amount not to exceed $105,000,000, but only if all
	2585	+
	2586	+
	2587	+
	2588	+
	2589	+
	2590	+	HB2492 - 71 - LRB103 26244 RJT 52604 b
	2591	+
	2592	+
	2593	+	HB2492- 72 -LRB103 26244 RJT 52604 b HB2492 - 72 - LRB103 26244 RJT 52604 b
	2594	+	HB2492 - 72 - LRB103 26244 RJT 52604 b
	2595	+	1 of the following conditions are met:
	2596	+	2 (1) The voters of the district approve a proposition
	2597	+	3 for the bond issuance at the general primary election held
	2598	+	4 on March 17, 2020.
1982	2599		5 (2) Prior to the issuance of the bonds, the school
1983		-	6 board determines, by resolution, that the projects set
1984		-	7 forth in the proposition for the bond issuance were and
1985		-	8 are required because of the age and condition of the
1986		-	9 school district's existing school buildings.
1987		-	10 (3) The bonds are issued, in one or more issuances,
1988		-	11 not later than 5 years after the date of the referendum
1989		-	12 approving the issuance of the bonds, but the aggregate
1990		-	13 principal amount issued in all such bond issuances
1991		-	14 combined must not exceed $33,000,000.
1992		-	15 (4) The bonds are issued in accordance with this
1993		-	16 Article.
1994		-	17 (5) The proceeds of the bonds are used to accomplish
1995		-	18 only the projects approved by the voters at an election
1996		-	19 held on March 17, 2020.
1997		-	20 The debt incurred on any bonds issued under this
1998		-	21 subsection (p-170) and on any bonds issued to refund or
1999		-	22 continue to refund such bonds shall not be considered
2000		-	23 indebtedness for purposes of any statutory debt limitation.
2001		-	24 Bonds issued under this subsection (p-170) and any bonds
2002		-	25 issued to refund or continue to refund such bonds must mature
2003		-	26 within not to exceed 25 years from their date, notwithstanding
2004		-
2005		-
2006		-
2007		-
2008		-
2009		-	HB2492 Engrossed - 56 - LRB103 26244 RJT 52604 b
2010		-
2011		-
2012		-	HB2492 Engrossed- 57 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 57 - LRB103 26244 RJT 52604 b
2013		-	HB2492 Engrossed - 57 - LRB103 26244 RJT 52604 b
2014		-	1 any other law, including Section 19-3 of this Code, to the
2015		-	2 contrary.
2016		-	3 (p-175) In addition to all other authority to issue bonds,
2017		-	4 Schiller Park School District 81 may issue bonds with an
2018		-	5 aggregate principal amount not to exceed $30,000,000, but only
2019		-	6 if all of the following conditions are met:
2020		-	7 (1) The voters of the district approve a proposition
2021		-	8 for the bond issuance at an election held on or after March
2022		-	9 17, 2020.
2023		-	10 (2) Prior to the issuance of the bonds, the school
2024		-	11 board determines, by resolution, that (i) building and
2025		-	12 equipping a school building to replace the Washington
2026		-	13 Elementary School building, installing fire suppression
2027		-	14 systems, security systems, and federal Americans with
2028		-	15 Disability Act of 1990 compliance measures, acquiring
2029		-	16 land, and improving the site are required to accommodate
2030		-	17 enrollment growth, replace an outdated facility, and
2031		-	18 create spaces consistent with 21st century learning and
2032		-	19 (ii) the issuance of bonds is authorized by a statute that
	2600	+	6 board determines, by resolution, that (i) building and
	2601	+	7 equipping a school building to replace the Sunnyside
	2602	+	8 Intermediate and MacArthur Middle School buildings;
	2603	+	9 building and equipping additions to and altering,
	2604	+	10 repairing, and equipping the Riley Intermediate and
	2605	+	11 Northlake Middle School buildings; altering, repairing,
	2606	+	12 and equipping the Whittier Primary and Jefferson Primary
	2607	+	13 School buildings; improving sites; renovating
	2608	+	14 instructional spaces; providing STEM (science, technology,
	2609	+	15 engineering, and mathematics) labs; and constructing life
	2610	+	16 safety, security, and infrastructure improvements are
	2611	+	17 required to replace outdated facilities and to provide
	2612	+	18 safe spaces consistent with 21st century learning and (ii)
	2613	+	19 the issuance of bonds is authorized by a statute that
2033	2614		20 exempts the debt incurred on the bonds from the district's
2034	2615		21 statutory debt limitation.
2035	2616		22 (3) The bonds are issued, in one or more issuances,
2036	2617		23 not later than 5 years after the date of the referendum
2037	2618		24 approving the issuance of the bonds, but the aggregate
2038	2619		25 principal amount issued in all such bond issuances
2039		-	26 combined must not exceed $30,000,000.
2040		-
2041		-
2042		-
2043		-
2044		-
2045		-	HB2492 ~~Engrossed - 57~~ - LRB103 26244 RJT 52604 b
2046		-
2047		-
2048		-	HB2492 ~~Engrossed- 58~~ -LRB103 26244 RJT 52604 b HB2492 ~~Engrossed - 58~~ - LRB103 26244 RJT 52604 b
2049		-	HB2492 ~~Engrossed - 58~~ - LRB103 26244 RJT 52604 b
	2620	+	26 combined must not exceed $105,000,000.
	2621	+
	2622	+
	2623	+
	2624	+
	2625	+
	2626	+	HB2492 - 72 - LRB103 26244 RJT 52604 b
	2627	+
	2628	+
	2629	+	HB2492- 73 -LRB103 26244 RJT 52604 b HB2492 - 73 - LRB103 26244 RJT 52604 b
	2630	+	HB2492 - 73 - LRB103 26244 RJT 52604 b
2050	2631		1 (4) The bonds are issued in accordance with this
2051	2632		2 Article.
2052	2633		3 (5) The proceeds of the bonds are used to accomplish
2053		-	4 only ~~the~~ projects approved by the voters at ~~an election~~
2054		-	5 held on ~~or after~~ March 17, 2020.
	2634	+	4 only those projects approved by the voters at the general
	2635	+	5 primary election held on March 17, 2020.
2055	2636		6 The debt incurred on any bonds issued under this
2056		-	7 subsection (p-~~175~~) and on any bonds issued to refund or
	2637	+	7 subsection (p-160) and on any bonds issued to refund or
2057	2638		8 continue to refund such bonds shall not be considered
2058	2639		9 indebtedness for purposes of any statutory debt limitation.
2059		-	10 Bonds issued under this subsection (p-175) and any bonds
2060		-	11 issued to refund or continue to refund such bonds must mature
2061		-	12 within not to exceed 27 years from their date, notwithstanding
2062		-	13 any other law, including Section 19-3 of this Code, to the
2063		-	14 contrary.
2064		-	15 (p-180) In addition to all other authority to issue bonds,
2065		-	16 Iroquois County Community Unit School District 9 may issue
2066		-	17 bonds with an aggregate principal amount not to exceed
2067		-	18 $17,125,000, but only if all of the following conditions are
2068		-	19 met:
2069		-	20 (1) The voters of the district approve a proposition
2070		-	21 for the bond issuance at an election held on or after April
2071		-	22 6, 2021.
2072		-	23 (2) Prior to the issuance of the bonds, the school
2073		-	24 board determines, by resolution, that (i) building and
2074		-	25 equipping a new school building in the City of Watseka;
2075		-	26 altering, repairing, renovating, and equipping portions of
2076		-
2077		-
2078		-
2079		-
2080		-
2081		-	HB2492 Engrossed - 58 - LRB103 26244 RJT 52604 b
2082		-
2083		-
2084		-	HB2492 Engrossed- 59 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 59 - LRB103 26244 RJT 52604 b
2085		-	HB2492 Engrossed - 59 - LRB103 26244 RJT 52604 b
2086		-	1 the existing facilities of the district; and making site
2087		-	2 improvements is necessary because of the age and condition
2088		-	3 of the district's existing school facilities and (ii) the
2089		-	4 issuance of bonds is authorized by a statute that exempts
2090		-	5 the debt incurred on the bonds from the district's
2091		-	6 statutory debt limitation.
2092		-	7 (3) The bonds are issued, in one or more issuances,
2093		-	8 not later than 5 years after the date of the referendum
2094		-	9 approving the issuance of the bonds, but the aggregate
2095		-	10 principal amount issued in all such bond issuances
2096		-	11 combined must not exceed $17,125,000.
2097		-	12 (4) The bonds are issued in accordance with this
2098		-	13 Article.
2099		-	14 (5) The proceeds of the bonds are used to accomplish
2100		-	15 only the projects approved by the voters at an election
2101		-	16 held on or after April 6, 2021.
2102		-	17 The debt incurred on any bonds issued under this
2103		-	18 subsection (p-180) and on any bonds issued to refund or
2104		-	19 continue to refund such bonds shall not be considered
2105		-	20 indebtedness for purposes of any statutory debt limitation.
2106		-	21 Bonds issued under this subsection (p-180) and any bonds
2107		-	22 issued to refund or continue to refund such bonds must mature
2108		-	23 within not to exceed 25 years from their date, notwithstanding
2109		-	24 any other law, including Section 19-3 of this Code, to the
2110		-	25 contrary.
2111		-	26 (p-185) In addition to all other authority to issue bonds,
2112		-
2113		-
2114		-
2115		-
2116		-
2117		-	HB2492 Engrossed - 59 - LRB103 26244 RJT 52604 b
2118		-
2119		-
2120		-	HB2492 Engrossed- 60 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 60 - LRB103 26244 RJT 52604 b
2121		-	HB2492 Engrossed - 60 - LRB103 26244 RJT 52604 b
2122		-	1 Field Community Consolidated School District 3 may issue bonds
2123		-	2 with an aggregate principal amount not to exceed $2,600,000,
2124		-	3 but only if all of the following conditions are met:
2125		-	4 (1) The voters of the district approve a proposition
2126		-	5 for the bond issuance at an election held on or after April
2127		-	6 6, 2021.
2128		-	7 (2) Prior to the issuance of the bonds, the school
2129		-	8 board determines, by resolution, that (i) it is necessary
2130		-	9 to alter, repair, renovate, and equip the existing
2131		-	10 facilities of the district, including, but not limited to,
2132		-	11 roof replacement, lighting replacement, electrical
2133		-	12 upgrades, restroom repairs, and gym renovations, and make
2134		-	13 site improvements because of the age and condition of the
2135		-	14 district's existing school facilities and (ii) the
2136		-	15 issuance of bonds is authorized by a statute that exempts
2137		-	16 the debt incurred on the bonds from the district's
2138		-	17 statutory debt limitation.
2139		-	18 (3) The bonds are issued, in one or more issuances,
2140		-	19 not later than 5 years after the date of the referendum
2141		-	20 approving the issuance of the bonds, but the aggregate
2142		-	21 principal amount issued in all such bond issuances
2143		-	22 combined must not exceed $2,600,000.
2144		-	23 (4) The bonds are issued in accordance with this
2145		-	24 Article.
2146		-	25 (5) The proceeds of the bonds are used to accomplish
2147		-	26 only the projects approved by the voters at an election
2148		-
2149		-
2150		-
2151		-
2152		-
2153		-	HB2492 Engrossed - 60 - LRB103 26244 RJT 52604 b
2154		-
2155		-
2156		-	HB2492 Engrossed- 61 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 61 - LRB103 26244 RJT 52604 b
2157		-	HB2492 Engrossed - 61 - LRB103 26244 RJT 52604 b
2158		-	1 held on or after April 6, 2021.
2159		-	2 The debt incurred on any bonds issued under this
2160		-	3 subsection (p-185) and on any bonds issued to refund or
2161		-	4 continue to refund such bonds shall not be considered
2162		-	5 indebtedness for purposes of any statutory debt limitation.
2163		-	6 Bonds issued under this subsection (p-185) and any bonds
2164		-	7 issued to refund or continue to refund such bonds must mature
2165		-	8 within not to exceed 25 years from their date, notwithstanding
2166		-	9 any other law, including Section 19-3 of this Code, to the
2167		-	10 contrary.
2168		-	11 (p-190) In addition to all other authority to issue bonds,
2169		-	12 Mahomet-Seymour Community Unit School District 3 may issue
2170		-	13 bonds with an aggregate principal amount not to exceed
2171		-	14 $97,900,000, but only if all the following conditions are met:
	2640	+	10 (p-165) In addition to all other authority to issue bonds,
	2641	+	11 Elmwood Park Community Unit School District 401 may issue
	2642	+	12 bonds with an aggregate principal amount not to exceed
	2643	+	13 $55,000,000, but only if all of the following conditions are
	2644	+	14 met:
2172	2645		15 (1) The voters of the district approve a proposition
2173		-	16 for the bond issuance at an election held on or after ~~June~~
2174		-	17 28, ~~2022~~.
	2646	+	16 for the bond issuance at an election held on or after March
	2647	+	17 17, 2020.
2175	2648		18 (2) Prior to the issuance of the bonds, the school
2176		-	19 board determines, by resolution, that (i) it is necessary
2177		-	20 to build and equip a new junior high school building,
2178		-	21 build and equip a new transportation building, and build
2179		-	22 and equip additions to, renovate, and make site
2180		-	23 improvements at the Lincoln Trail Elementary building,
2181		-	24 Middletown Prairie Elementary building, and
2182		-	25 Mahomet-Seymour High School building and (ii) the issuance
2183		-	26 of bonds is authorized by a statute that exempts the debt
2184		-
2185		-
2186		-
2187		-
2188		-
2189		-	HB2492 Engrossed - 61 - LRB103 26244 RJT 52604 b
2190		-
2191		-
2192		-	HB2492 Engrossed- 62 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 62 - LRB103 26244 RJT 52604 b
2193		-	HB2492 Engrossed - 62 - LRB103 26244 RJT 52604 b
2194		-	1 incurred on the bonds from the district's statutory debt
2195		-	2 limitation.
	2649	+	19 board determines, by resolution, that (i) the building and
	2650	+	20 equipping of an addition to the John Mills Elementary
	2651	+	21 School building; the renovating, altering, repairing, and
	2652	+	22 equipping of the John Mills and Elmwood Elementary School
	2653	+	23 buildings; the installation of safety and security
	2654	+	24 improvements; and the improvement of school sites are
	2655	+	25 required as a result of the age and condition of the
	2656	+	26 district's existing school buildings and (ii) the issuance
	2657	+
	2658	+
	2659	+
	2660	+
	2661	+
	2662	+	HB2492 - 73 - LRB103 26244 RJT 52604 b
	2663	+
	2664	+
	2665	+	HB2492- 74 -LRB103 26244 RJT 52604 b HB2492 - 74 - LRB103 26244 RJT 52604 b
	2666	+	HB2492 - 74 - LRB103 26244 RJT 52604 b
	2667	+	1 of bonds is authorized by a statute that exempts the debt
	2668	+	2 incurred on the bonds from the district's statutory debt
	2669	+	3 limitation.
	2670	+	4 (3) The bonds are issued, in one or more issuances,
	2671	+	5 not later than 5 years after the date of the referendum
	2672	+	6 approving the issuance of the bonds, but the aggregate
	2673	+	7 principal amount issued in all such bond issuances
	2674	+	8 combined must not exceed $55,000,000.
	2675	+	9 (4) The bonds are issued in accordance with this
	2676	+	10 Article.
	2677	+	11 (5) The proceeds of the bonds are used to accomplish
	2678	+	12 only the projects approved by the voters at an election
	2679	+	13 held on or after March 17, 2020.
	2680	+	14 The debt incurred on any bonds issued under this
	2681	+	15 subsection (p-165) and on any bonds issued to refund or
	2682	+	16 continue to refund such bonds shall not be considered
	2683	+	17 indebtedness for purposes of any statutory debt limitation.
	2684	+	18 Bonds issued under this subsection (p-165) and any bonds
	2685	+	19 issued to refund or continue to refund such bonds must mature
	2686	+	20 within not to exceed 25 years from their date, notwithstanding
	2687	+	21 any other law, including Section 19-3 of this Code, to the
	2688	+	22 contrary.
	2689	+	23 (p-170) In addition to all other authority to issue bonds,
	2690	+	24 Maroa-Forsyth Community Unit School District 2 may issue bonds
	2691	+	25 with an aggregate principal amount not to exceed $33,000,000,
	2692	+	26 but only if all of the following conditions are met:
	2693	+
	2694	+
	2695	+
	2696	+
	2697	+
	2698	+	HB2492 - 74 - LRB103 26244 RJT 52604 b
	2699	+
	2700	+
	2701	+	HB2492- 75 -LRB103 26244 RJT 52604 b HB2492 - 75 - LRB103 26244 RJT 52604 b
	2702	+	HB2492 - 75 - LRB103 26244 RJT 52604 b
	2703	+	1 (1) The voters of the school district approve a
	2704	+	2 proposition for the bond issuance at an election held on
	2705	+	3 March 17, 2020.
	2706	+	4 (2) Prior to the issuance of the bonds, the school
	2707	+	5 board determines, by resolution, that the projects set
	2708	+	6 forth in the proposition for the bond issuance were and
	2709	+	7 are required because of the age and condition of the
	2710	+	8 school district's existing school buildings.
	2711	+	9 (3) The bonds are issued, in one or more issuances,
	2712	+	10 not later than 5 years after the date of the referendum
	2713	+	11 approving the issuance of the bonds, but the aggregate
	2714	+	12 principal amount issued in all such bond issuances
	2715	+	13 combined must not exceed $33,000,000.
	2716	+	14 (4) The bonds are issued in accordance with this
	2717	+	15 Article.
	2718	+	16 (5) The proceeds of the bonds are used to accomplish
	2719	+	17 only the projects approved by the voters at an election
	2720	+	18 held on March 17, 2020.
	2721	+	19 The debt incurred on any bonds issued under this
	2722	+	20 subsection (p-170) and on any bonds issued to refund or
	2723	+	21 continue to refund such bonds shall not be considered
	2724	+	22 indebtedness for purposes of any statutory debt limitation.
	2725	+	23 Bonds issued under this subsection (p-170) and any bonds
	2726	+	24 issued to refund or continue to refund such bonds must mature
	2727	+	25 within not to exceed 25 years from their date, notwithstanding
	2728	+	26 any other law, including Section 19-3 of this Code, to the
	2729	+
	2730	+
	2731	+
	2732	+
	2733	+
	2734	+	HB2492 - 75 - LRB103 26244 RJT 52604 b
	2735	+
	2736	+
	2737	+	HB2492- 76 -LRB103 26244 RJT 52604 b HB2492 - 76 - LRB103 26244 RJT 52604 b
	2738	+	HB2492 - 76 - LRB103 26244 RJT 52604 b
	2739	+	1 contrary.
	2740	+	2 (p-175) In addition to all other authority to issue bonds,
	2741	+	3 Schiller Park School District 81 may issue bonds with an
	2742	+	4 aggregate principal amount not to exceed $30,000,000, but only
	2743	+	5 if all of the following conditions are met:
	2744	+	6 (1) The voters of the district approve a proposition
	2745	+	7 for the bond issuance at an election held on or after March
	2746	+	8 17, 2020.
	2747	+	9 (2) Prior to the issuance of the bonds, the school
	2748	+	10 board determines, by resolution, that (i) building and
	2749	+	11 equipping a school building to replace the Washington
	2750	+	12 Elementary School building, installing fire suppression
	2751	+	13 systems, security systems, and federal Americans with
	2752	+	14 Disability Act of 1990 compliance measures, acquiring
	2753	+	15 land, and improving the site are required to accommodate
	2754	+	16 enrollment growth, replace an outdated facility, and
	2755	+	17 create spaces consistent with 21st century learning and
	2756	+	18 (ii) the issuance of bonds is authorized by a statute that
	2757	+	19 exempts the debt incurred on the bonds from the district's
	2758	+	20 statutory debt limitation.
	2759	+	21 (3) The bonds are issued, in one or more issuances,
	2760	+	22 not later than 5 years after the date of the referendum
	2761	+	23 approving the issuance of the bonds, but the aggregate
	2762	+	24 principal amount issued in all such bond issuances
	2763	+	25 combined must not exceed $30,000,000.
	2764	+	26 (4) The bonds are issued in accordance with this
	2765	+
	2766	+
	2767	+
	2768	+
	2769	+
	2770	+	HB2492 - 76 - LRB103 26244 RJT 52604 b
	2771	+
	2772	+
	2773	+	HB2492- 77 -LRB103 26244 RJT 52604 b HB2492 - 77 - LRB103 26244 RJT 52604 b
	2774	+	HB2492 - 77 - LRB103 26244 RJT 52604 b
	2775	+	1 Article.
	2776	+	2 (5) The proceeds of the bonds are used to accomplish
	2777	+	3 only the projects approved by the voters at an election
	2778	+	4 held on or after March 17, 2020.
	2779	+	5 The debt incurred on any bonds issued under this
	2780	+	6 subsection (p-175) and on any bonds issued to refund or
	2781	+	7 continue to refund such bonds shall not be considered
	2782	+	8 indebtedness for purposes of any statutory debt limitation.
	2783	+	9 Bonds issued under this subsection (p-175) and any bonds
	2784	+	10 issued to refund or continue to refund such bonds must mature
	2785	+	11 within not to exceed 27 years from their date, notwithstanding
	2786	+	12 any other law, including Section 19-3 of this Code, to the
	2787	+	13 contrary.
	2788	+	14 (p-180) In addition to all other authority to issue bonds,
	2789	+	15 Iroquois County Community Unit School District 9 may issue
	2790	+	16 bonds with an aggregate principal amount not to exceed
	2791	+	17 $17,125,000, but only if all of the following conditions are
	2792	+	18 met:
	2793	+	19 (1) The voters of the district approve a proposition
	2794	+	20 for the bond issuance at an election held on or after April
	2795	+	21 6, 2021.
	2796	+	22 (2) Prior to the issuance of the bonds, the school
	2797	+	23 board determines, by resolution, that (i) building and
	2798	+	24 equipping a new school building in the City of Watseka;
	2799	+	25 altering, repairing, renovating, and equipping portions of
	2800	+	26 the existing facilities of the district; and making site
	2801	+
	2802	+
	2803	+
	2804	+
	2805	+
	2806	+	HB2492 - 77 - LRB103 26244 RJT 52604 b
	2807	+
	2808	+
	2809	+	HB2492- 78 -LRB103 26244 RJT 52604 b HB2492 - 78 - LRB103 26244 RJT 52604 b
	2810	+	HB2492 - 78 - LRB103 26244 RJT 52604 b
	2811	+	1 improvements is necessary because of the age and condition
	2812	+	2 of the district's existing school facilities and (ii) the
	2813	+	3 issuance of bonds is authorized by a statute that exempts
	2814	+	4 the debt incurred on the bonds from the district's
	2815	+	5 statutory debt limitation.
	2816	+	6 (3) The bonds are issued, in one or more issuances,
	2817	+	7 not later than 5 years after the date of the referendum
	2818	+	8 approving the issuance of the bonds, but the aggregate
	2819	+	9 principal amount issued in all such bond issuances
	2820	+	10 combined must not exceed $17,125,000.
	2821	+	11 (4) The bonds are issued in accordance with this
	2822	+	12 Article.
	2823	+	13 (5) The proceeds of the bonds are used to accomplish
	2824	+	14 only the projects approved by the voters at an election
	2825	+	15 held on or after April 6, 2021.
	2826	+	16 The debt incurred on any bonds issued under this
	2827	+	17 subsection (p-180) and on any bonds issued to refund or
	2828	+	18 continue to refund such bonds shall not be considered
	2829	+	19 indebtedness for purposes of any statutory debt limitation.
	2830	+	20 Bonds issued under this subsection (p-180) and any bonds
	2831	+	21 issued to refund or continue to refund such bonds must mature
	2832	+	22 within not to exceed 25 years from their date, notwithstanding
	2833	+	23 any other law, including Section 19-3 of this Code, to the
	2834	+	24 contrary.
	2835	+	25 (p-185) In addition to all other authority to issue bonds,
	2836	+	26 Field Community Consolidated School District 3 may issue bonds
	2837	+
	2838	+
	2839	+
	2840	+
	2841	+
	2842	+	HB2492 - 78 - LRB103 26244 RJT 52604 b
	2843	+
	2844	+
	2845	+	HB2492- 79 -LRB103 26244 RJT 52604 b HB2492 - 79 - LRB103 26244 RJT 52604 b
	2846	+	HB2492 - 79 - LRB103 26244 RJT 52604 b
	2847	+	1 with an aggregate principal amount not to exceed $2,600,000,
	2848	+	2 but only if all of the following conditions are met:
	2849	+	3 (1) The voters of the district approve a proposition
	2850	+	4 for the bond issuance at an election held on or after April
	2851	+	5 6, 2021.
	2852	+	6 (2) Prior to the issuance of the bonds, the school
	2853	+	7 board determines, by resolution, that (i) it is necessary
	2854	+	8 to alter, repair, renovate, and equip the existing
	2855	+	9 facilities of the district, including, but not limited to,
	2856	+	10 roof replacement, lighting replacement, electrical
	2857	+	11 upgrades, restroom repairs, and gym renovations, and make
	2858	+	12 site improvements because of the age and condition of the
	2859	+	13 district's existing school facilities and (ii) the
	2860	+	14 issuance of bonds is authorized by a statute that exempts
	2861	+	15 the debt incurred on the bonds from the district's
	2862	+	16 statutory debt limitation.
	2863	+	17 (3) The bonds are issued, in one or more issuances,
	2864	+	18 not later than 5 years after the date of the referendum
	2865	+	19 approving the issuance of the bonds, but the aggregate
	2866	+	20 principal amount issued in all such bond issuances
	2867	+	21 combined must not exceed $2,600,000.
	2868	+	22 (4) The bonds are issued in accordance with this
	2869	+	23 Article.
	2870	+	24 (5) The proceeds of the bonds are used to accomplish
	2871	+	25 only the projects approved by the voters at an election
	2872	+	26 held on or after April 6, 2021.
	2873	+
	2874	+
	2875	+
	2876	+
	2877	+
	2878	+	HB2492 - 79 - LRB103 26244 RJT 52604 b
	2879	+
	2880	+
	2881	+	HB2492- 80 -LRB103 26244 RJT 52604 b HB2492 - 80 - LRB103 26244 RJT 52604 b
	2882	+	HB2492 - 80 - LRB103 26244 RJT 52604 b
	2883	+	1 The debt incurred on any bonds issued under this
	2884	+	2 subsection (p-185) and on any bonds issued to refund or
	2885	+	3 continue to refund such bonds shall not be considered
	2886	+	4 indebtedness for purposes of any statutory debt limitation.
	2887	+	5 Bonds issued under this subsection (p-185) and any bonds
	2888	+	6 issued to refund or continue to refund such bonds must mature
	2889	+	7 within not to exceed 25 years from their date, notwithstanding
	2890	+	8 any other law, including Section 19-3 of this Code, to the
	2891	+	9 contrary.
	2892	+	10 (p-190) In addition to all other authority to issue bonds,
	2893	+	11 Mahomet-Seymour Community Unit School District 3 may issue
	2894	+	12 bonds with an aggregate principal amount not to exceed
	2895	+	13 $97,900,000, but only if all the following conditions are met:
	2896	+	14 (1) The voters of the district approve a proposition
	2897	+	15 for the bond issuance at an election held on or after June
	2898	+	16 28, 2022.
	2899	+	17 (2) Prior to the issuance of the bonds, the school
	2900	+	18 board determines, by resolution, that (i) it is necessary
	2901	+	19 to build and equip a new junior high school building,
	2902	+	20 build and equip a new transportation building, and build
	2903	+	21 and equip additions to, renovate, and make site
	2904	+	22 improvements at the Lincoln Trail Elementary building,
	2905	+	23 Middletown Prairie Elementary building, and
	2906	+	24 Mahomet-Seymour High School building and (ii) the issuance
	2907	+	25 of bonds is authorized by a statute that exempts the debt
	2908	+	26 incurred on the bonds from the district's statutory debt
	2909	+
	2910	+
	2911	+
	2912	+
	2913	+
	2914	+	HB2492 - 80 - LRB103 26244 RJT 52604 b
	2915	+
	2916	+
	2917	+	HB2492- 81 -LRB103 26244 RJT 52604 b HB2492 - 81 - LRB103 26244 RJT 52604 b
	2918	+	HB2492 - 81 - LRB103 26244 RJT 52604 b
	2919	+	1 limitation.
	2920	+	2 (3) The bonds are issued, in one or more issuances,
	2921	+	3 not later than 5 years after the date of the referendum
	2922	+	4 approving the issuance of the bonds, but the aggregate
	2923	+	5 principal amount issued in all such bond issuances
	2924	+	6 combined must not exceed $97,900,000.
	2925	+	7 (4) The bonds are issued in accordance with this
	2926	+	8 Article.
	2927	+	9 (5) The proceeds of the bonds are used to accomplish
	2928	+	10 only the projects approved by the voters at an election
	2929	+	11 held on or after June 28, 2022.
	2930	+	12 The debt incurred on any bonds issued under this
	2931	+	13 subsection (p-190) and on any bonds issued to refund or
	2932	+	14 continue to refund such bonds shall not be considered
	2933	+	15 indebtedness for purposes of any statutory debt limitation.
	2934	+	16 Bonds issued under this subsection (p-190) and any bonds
	2935	+	17 issued to refund or continue to refund such bonds must mature
	2936	+	18 within not to exceed 25 years from their date, notwithstanding
	2937	+	19 any other law, including Section 19-3 of this Code, to the
	2938	+	20 contrary.
	2939	+	21 (p-195) In addition to all other authority to issue bonds,
	2940	+	22 New Berlin Community Unit School District 16 may issue bonds
	2941	+	23 with an aggregate principal amount not to exceed $23,500,000,
	2942	+	24 but only if all the following conditions are met:
	2943	+	25 (1) The voters of the district approve a proposition
	2944	+	26 for the bond issuance at an election held on or after June
	2945	+
	2946	+
	2947	+
	2948	+
	2949	+
	2950	+	HB2492 - 81 - LRB103 26244 RJT 52604 b
	2951	+
	2952	+
	2953	+	HB2492- 82 -LRB103 26244 RJT 52604 b HB2492 - 82 - LRB103 26244 RJT 52604 b
	2954	+	HB2492 - 82 - LRB103 26244 RJT 52604 b
	2955	+	1 28, 2022.
	2956	+	2 (2) Prior to the issuance of the bonds, the school
	2957	+	3 board determines, by resolution, that (i) it is necessary
	2958	+	4 to alter, repair, and equip the junior/senior high school
	2959	+	5 building, including creating new classroom, gym, and other
	2960	+	6 instructional spaces, renovating the J.V. Kirby Pretzel
	2961	+	7 Dome, improving heating, cooling, and ventilation systems,
	2962	+	8 installing school safety and security improvements,
	2963	+	9 removing asbestos, and making site improvements, and (ii)
	2964	+	10 the issuance of bonds is authorized by a statute that
	2965	+	11 exempts the debt incurred on the bonds from the district's
	2966	+	12 statutory debt limitation.
	2967	+	13 (3) The bonds are issued, in one or more issuances,
	2968	+	14 not later than 5 years after the date of the referendum
	2969	+	15 approving the issuance of the bonds, but the aggregate
	2970	+	16 principal amount issued in all such bond issuances
	2971	+	17 combined must not exceed $23,500,000.
	2972	+	18 (4) The bonds are issued in accordance with this
	2973	+	19 Article.
	2974	+	20 (5) The proceeds of the bonds are used to accomplish
	2975	+	21 only the projects approved by the voters at an election
	2976	+	22 held on or after June 28, 2022.
	2977	+	23 The debt incurred on any bonds issued under this
	2978	+	24 subsection (p-195) and on any bonds issued to refund or
	2979	+	25 continue to refund such bonds shall not be considered
	2980	+	26 indebtedness for purposes of any statutory debt limitation.
	2981	+
	2982	+
	2983	+
	2984	+
	2985	+
	2986	+	HB2492 - 82 - LRB103 26244 RJT 52604 b
	2987	+
	2988	+
	2989	+	HB2492- 83 -LRB103 26244 RJT 52604 b HB2492 - 83 - LRB103 26244 RJT 52604 b
	2990	+	HB2492 - 83 - LRB103 26244 RJT 52604 b
	2991	+	1 Bonds issued under this subsection (p-195) and any bonds
	2992	+	2 issued to refund or continue to refund such bonds must mature
	2993	+	3 within not to exceed 25 years from their date, notwithstanding
	2994	+	4 any other law, including Section 19-3 of this Code, to the
	2995	+	5 contrary.
	2996	+	6 (p-200) In addition to all other authority to issue bonds,
	2997	+	7 Highland Community Unit School District 5 may issue bonds with
	2998	+	8 an aggregate principal amount not to exceed $40,000,000, but
	2999	+	9 only if all the following conditions are met:
	3000	+	10 (1) The voters of the district approve a proposition
	3001	+	11 for the bond issuance at an election held on or after June
	3002	+	12 28, 2022.
	3003	+	13 (2) Prior to the issuance of the bonds, the school
	3004	+	14 board determines, by resolution, that (i) it is necessary
	3005	+	15 to improve the sites of, build, and equip a new primary
	3006	+	16 school building and build and equip additions to and
	3007	+	17 alter, repair, and equip existing school buildings and
	3008	+	18 (ii) the issuance of bonds is authorized by a statute that
	3009	+	19 exempts the debt incurred on the bonds from the district's
	3010	+	20 statutory debt limitation.
	3011	+	21 (3) The bonds are issued, in one or more issuances,
	3012	+	22 not later than 5 years after the date of the referendum
	3013	+	23 approving the issuance of the bonds, but the aggregate
	3014	+	24 principal amount issued in all such bond issuances
	3015	+	25 combined must not exceed $40,000,000.
	3016	+	26 (4) The bonds are issued in accordance with this
	3017	+
	3018	+
	3019	+
	3020	+
	3021	+
	3022	+	HB2492 - 83 - LRB103 26244 RJT 52604 b
	3023	+
	3024	+
	3025	+	HB2492- 84 -LRB103 26244 RJT 52604 b HB2492 - 84 - LRB103 26244 RJT 52604 b
	3026	+	HB2492 - 84 - LRB103 26244 RJT 52604 b
	3027	+	1 Article.
	3028	+	2 (5) The proceeds of the bonds are used to accomplish
	3029	+	3 only the projects approved by the voters at an election
	3030	+	4 held on or after June 28, 2022.
	3031	+	5 The debt incurred on any bonds issued under this
	3032	+	6 subsection (p-200) and on any bonds issued to refund or
	3033	+	7 continue to refund such bonds shall not be considered
	3034	+	8 indebtedness for purposes of any statutory debt limitation.
	3035	+	9 Bonds issued under this subsection (p-200) and any bonds
	3036	+	10 issued to refund or continue to refund such bonds must mature
	3037	+	11 within not to exceed 25 years from their date, notwithstanding
	3038	+	12 any other law, including Section 19-3 of this Code, to the
	3039	+	13 contrary.
	3040	+	14 (p-205) In addition to all other authority to issue bonds,
	3041	+	15 Sullivan Community Unit School District 300 may issue bonds
	3042	+	16 with an aggregate principal amount not to exceed $25,000,000,
	3043	+	17 but only if all of the following conditions are met:
	3044	+	18 (1) The voters of the district approve a proposition
	3045	+	19 for the bond issuance at an election held on or after June
	3046	+	20 28, 2022.
	3047	+	21 (2) Prior to the issuance of the bonds, the school
	3048	+	22 board determines, by resolution, that (i) the projects set
	3049	+	23 forth in the proposition for the issuance of the bonds are
	3050	+	24 required because of the age, condition, or capacity of the
	3051	+	25 school district's existing school buildings and (ii) the
	3052	+	26 issuance of bonds is authorized by a statute that exempts
	3053	+
	3054	+
	3055	+
	3056	+
	3057	+
	3058	+	HB2492 - 84 - LRB103 26244 RJT 52604 b
	3059	+
	3060	+
	3061	+	HB2492- 85 -LRB103 26244 RJT 52604 b HB2492 - 85 - LRB103 26244 RJT 52604 b
	3062	+	HB2492 - 85 - LRB103 26244 RJT 52604 b
	3063	+	1 the debt incurred on the bonds from the district's
	3064	+	2 statutory debt limitation.
2196	3065		3 (3) The bonds are issued, in one or more issuances,
2197	3066		4 not later than 5 years after the date of the referendum
2198	3067		5 approving the issuance of the bonds, but the aggregate
2199	3068		6 principal amount issued in all such bond issuances
2200		-	7 combined must not exceed $97,~~900~~,000.
	3069	+	7 combined must not exceed $25,000,000.
2201	3070		8 (4) The bonds are issued in accordance with this
2202	3071		9 Article.
2203	3072		10 (5) The proceeds of the bonds are used to accomplish
2204	3073		11 only the projects approved by the voters at an election
2205	3074		12 held on or after June 28, 2022.
2206	3075		13 The debt incurred on any bonds issued under this
2207		-	14 subsection (p-~~190~~) and on any bonds issued to refund or
	3076	+	14 subsection (p-205) and on any bonds issued to refund or
2208	3077		15 continue to refund such bonds shall not be considered
2209	3078		16 indebtedness for purposes of any statutory debt limitation.
2210		-	17 Bonds issued under this subsection (p-~~190~~) and any bonds
	3079	+	17 Bonds issued under this subsection (p-205) and any bonds
2211	3080		18 issued to refund or continue to refund such bonds must mature
2212	3081		19 within not to exceed 25 years from their date, notwithstanding
2213	3082		20 any other law, including Section 19-3 of this Code, to the
2214	3083		21 contrary.
2215		-	22 (p-~~195~~) In addition to all other authority to issue bonds,
2216		-	23 ~~New Berlin Community Unit~~ School District 16 may issue bonds
2217		-	24 ~~with an~~ aggregate principal amount not to exceed $~~23,500~~,000,
2218		-	25 ~~but only~~ if all the following conditions are met:
	3084	+	22 (p-210) In addition to all other authority to issue bonds,
	3085	+	23 Manhattan School District 114 may issue bonds with an
	3086	+	24 aggregate principal amount not to exceed $85,000,000, but only
	3087	+	25 if all the following conditions are met:
2219	3088		26 (1) The voters of the district approve a proposition
2220	3089
2221	3090
2222	3091
2223	3092
2224	3093
2225		-	HB2492 ~~Engrossed - 62~~ - LRB103 26244 RJT 52604 b
2226		-
2227		-
2228		-	HB2492 ~~Engrossed- 63~~ -LRB103 26244 RJT 52604 b HB2492 ~~Engrossed - 63~~ - LRB103 26244 RJT 52604 b
2229		-	HB2492 ~~Engrossed - 63~~ - LRB103 26244 RJT 52604 b
	3094	+	HB2492 - 85 - LRB103 26244 RJT 52604 b
	3095	+
	3096	+
	3097	+	HB2492- 86 -LRB103 26244 RJT 52604 b HB2492 - 86 - LRB103 26244 RJT 52604 b
	3098	+	HB2492 - 86 - LRB103 26244 RJT 52604 b
2230	3099		1 for the bond issuance at an election held on or after June
2231	3100		2 28, 2022.
2232	3101		3 (2) Prior to the issuance of the bonds, the school
2233		-	4 board determines, by resolution, that (i) it is necessary
2234		-	5 to alter, repair, and equip the junior/senior high school
2235		-	6 building, including creating new classroom, gym, and other
2236		-	7 instructional spaces, renovating the J.V. Kirby Pretzel
2237		-	8 Dome, improving heating, cooling, and ventilation systems,
2238		-	9 installing school safety and security improvements,
2239		-	10 removing asbestos, and making site improvements, and (ii)
2240		-	11 the issuance of bonds is authorized by a statute that
2241		-	12 exempts the debt incurred on the bonds from the district's
2242		-	13 statutory debt limitation.
	3102	+	4 board determines, by resolution, that the projects set
	3103	+	5 forth in the proposition for the bond issuance were and
	3104	+	6 are required because of the age, condition, or capacity of
	3105	+	7 the school district's existing school buildings.
	3106	+	8 (3) The bonds are issued, in one or more issuances,
	3107	+	9 not later than 5 years after the date of the referendum
	3108	+	10 approving the issuances of the bonds, but the aggregate
	3109	+	11 principal amount issued in all such bond issuances
	3110	+	12 combined must not exceed $85,000,000.
	3111	+	13 (4) The bonds are issued in accordance with this
	3112	+	14 Article.
	3113	+	15 (5) The proceeds of the bonds are used to accomplish
	3114	+	16 only the projects approved by the voters at an election
	3115	+	17 held on or after June 28, 2022.
	3116	+	18 The debt incurred on any bonds issued under this
	3117	+	19 subsection (p-210) and on any bonds issued to refund or
	3118	+	20 continue to refund such bonds shall not be considered
	3119	+	21 indebtedness for purposes of any statutory debt limitation.
	3120	+	22 Bonds issued under this subsection (p-210) and any bonds
	3121	+	23 issued to refund or continue to refund such bonds must mature
	3122	+	24 within not to exceed 30 years from their date, notwithstanding
	3123	+	25 any other law, including Section 19-3 of this Code, to the
	3124	+	26 contrary.
	3125	+
	3126	+
	3127	+
	3128	+
	3129	+
	3130	+	HB2492 - 86 - LRB103 26244 RJT 52604 b
	3131	+
	3132	+
	3133	+	HB2492- 87 -LRB103 26244 RJT 52604 b HB2492 - 87 - LRB103 26244 RJT 52604 b
	3134	+	HB2492 - 87 - LRB103 26244 RJT 52604 b
	3135	+	1 (p-215) In addition to all other authority to issue bonds,
	3136	+	2 Golf Elementary School District 67 may issue bonds with an
	3137	+	3 aggregate principal amount not to exceed $56,000,000, but only
	3138	+	4 if all of the following conditions are met:
	3139	+	5 (1) The voters of the district approve a proposition
	3140	+	6 for the bond issuance at an election held on or after June
	3141	+	7 28, 2022.
	3142	+	8 (2) Prior to the issuance of the bonds, the school
	3143	+	9 board determines, by resolution, that (i) it is necessary
	3144	+	10 to build and equip a new school building and improve the
	3145	+	11 site thereof and (ii) the issuance of bonds is authorized
	3146	+	12 by a statute that exempts the debt incurred on the bonds
	3147	+	13 from the district's statutory debt limitation.
2243	3148		14 (3) The bonds are issued, in one or more issuances,
2244	3149		15 not later than 5 years after the date of the referendum
2245	3150		16 approving the issuance of the bonds, but the aggregate
2246	3151		17 principal amount issued in all such bond issuances
2247		-	18 combined must not exceed $23,~~500~~,000.
	3152	+	18 combined must not exceed $56,000,000.
2248	3153		19 (4) The bonds are issued in accordance with this
2249	3154		20 Article.
2250	3155		21 (5) The proceeds of the bonds are used to accomplish
2251	3156		22 only the projects approved by the voters at an election
2252	3157		23 held on or after June 28, 2022.
2253	3158		24 The debt incurred on any bonds issued under this
2254		-	25 subsection (p-~~195~~) and on any bonds issued to refund or
	3159	+	25 subsection (p-215) and on any bonds issued to refund or
2255	3160		26 continue to refund such bonds shall not be considered
2256	3161
2257	3162
2258	3163
2259	3164
2260	3165
2261		-	HB2492 ~~Engrossed - 63~~ - LRB103 26244 RJT 52604 b
2262		-
2263		-
2264		-	HB2492 ~~Engrossed- 64~~ -LRB103 26244 RJT 52604 b HB2492 ~~Engrossed - 64~~ - LRB103 26244 RJT 52604 b
2265		-	HB2492 ~~Engrossed - 64~~ - LRB103 26244 RJT 52604 b
	3166	+	HB2492 - 87 - LRB103 26244 RJT 52604 b
	3167	+
	3168	+
	3169	+	HB2492- 88 -LRB103 26244 RJT 52604 b HB2492 - 88 - LRB103 26244 RJT 52604 b
	3170	+	HB2492 - 88 - LRB103 26244 RJT 52604 b
2266	3171		1 indebtedness for purposes of any statutory debt limitation.
2267		-	2 Bonds issued under this subsection (p-~~195~~) and any bonds
	3172	+	2 Bonds issued under this subsection (p-215) and any bonds
2268	3173		3 issued to refund or continue to refund such bonds must mature
2269	3174		4 within not to exceed 25 years from their date, notwithstanding
2270	3175		5 any other law, including Section 19-3 of this Code, to the
2271	3176		6 contrary.
2272		-	7 (p-200) In addition to all other authority to issue bonds,
2273		-	8 Highland Community Unit School District 5 may issue bonds with
2274		-	9 an aggregate principal amount not to exceed $40,000,000, but
2275		-	10 only if all the following conditions are met:
2276		-	11 (1) The voters of the district approve a proposition
2277		-	12 for the bond issuance at an election held on or after June
2278		-	13 28, 2022.
2279		-	14 (2) Prior to the issuance of the bonds, the school
2280		-	15 board determines, by resolution, that (i) it is necessary
2281		-	16 to improve the sites of, build, and equip a new primary
2282		-	17 school building and build and equip additions to and
2283		-	18 alter, repair, and equip existing school buildings and
2284		-	19 (ii) the issuance of bonds is authorized by a statute that
2285		-	20 exempts the debt incurred on the bonds from the district's
2286		-	21 statutory debt limitation.
2287		-	22 (3) The bonds are issued, in one or more issuances,
2288		-	23 not later than 5 years after the date of the referendum
2289		-	24 approving the issuance of the bonds, but the aggregate
2290		-	25 principal amount issued in all such bond issuances
2291		-	26 combined must not exceed $40,000,000.
2292		-
2293		-
2294		-
2295		-
2296		-
2297		-	HB2492 Engrossed - 64 - LRB103 26244 RJT 52604 b
2298		-
2299		-
2300		-	HB2492 Engrossed- 65 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 65 - LRB103 26244 RJT 52604 b
2301		-	HB2492 Engrossed - 65 - LRB103 26244 RJT 52604 b
2302		-	1 (4) The bonds are issued in accordance with this
2303		-	2 Article.
2304		-	3 (5) The proceeds of the bonds are used to accomplish
2305		-	4 only the projects approved by the voters at an election
2306		-	5 held on or after June 28, 2022.
2307		-	6 The debt incurred on any bonds issued under this
2308		-	7 subsection (p-200) and on any bonds issued to refund or
2309		-	8 continue to refund such bonds shall not be considered
2310		-	9 indebtedness for purposes of any statutory debt limitation.
2311		-	10 Bonds issued under this subsection (p-200) and any bonds
2312		-	11 issued to refund or continue to refund such bonds must mature
2313		-	12 within not to exceed 25 years from their date, notwithstanding
2314		-	13 any other law, including Section 19-3 of this Code, to the
2315		-	14 contrary.
2316		-	15 (p-205) In addition to all other authority to issue bonds,
2317		-	16 Sullivan Community Unit School District 300 may issue bonds
2318		-	17 with an aggregate principal amount not to exceed $25,000,000,
2319		-	18 but only if all of the following conditions are met:
2320		-	19 (1) The voters of the district approve a proposition
2321		-	20 for the bond issuance at an election held on or after June
2322		-	21 28, 2022.
2323		-	22 (2) Prior to the issuance of the bonds, the school
2324		-	23 board determines, by resolution, that (i) the projects set
2325		-	24 forth in the proposition for the issuance of the bonds are
2326		-	25 required because of the age, condition, or capacity of the
2327		-	26 school district's existing school buildings and (ii) the
2328		-
2329		-
2330		-
2331		-
2332		-
2333		-	HB2492 Engrossed - 65 - LRB103 26244 RJT 52604 b
2334		-
2335		-
2336		-	HB2492 Engrossed- 66 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 66 - LRB103 26244 RJT 52604 b
2337		-	HB2492 Engrossed - 66 - LRB103 26244 RJT 52604 b
2338		-	1 issuance of bonds is authorized by a statute that exempts
2339		-	2 the debt incurred on the bonds from the district's
2340		-	3 statutory debt limitation.
2341		-	4 (3) The bonds are issued, in one or more issuances,
2342		-	5 not later than 5 years after the date of the referendum
2343		-	6 approving the issuance of the bonds, but the aggregate
2344		-	7 principal amount issued in all such bond issuances
2345		-	8 combined must not exceed $25,000,000.
2346		-	9 (4) The bonds are issued in accordance with this
2347		-	10 Article.
2348		-	11 (5) The proceeds of the bonds are used to accomplish
2349		-	12 only the projects approved by the voters at an election
2350		-	13 held on or after June 28, 2022.
2351		-	14 The debt incurred on any bonds issued under this
2352		-	15 subsection (p-205) and on any bonds issued to refund or
2353		-	16 continue to refund such bonds shall not be considered
2354		-	17 indebtedness for purposes of any statutory debt limitation.
2355		-	18 Bonds issued under this subsection (p-205) and any bonds
2356		-	19 issued to refund or continue to refund such bonds must mature
2357		-	20 within not to exceed 25 years from their date, notwithstanding
2358		-	21 any other law, including Section 19-3 of this Code, to the
2359		-	22 contrary.
2360		-	23 (p-210) In addition to all other authority to issue bonds,
2361		-	24 Manhattan School District 114 may issue bonds with an
2362		-	25 aggregate principal amount not to exceed $85,000,000, but only
2363		-	26 if all the following conditions are met:
2364		-
2365		-
2366		-
2367		-
2368		-
2369		-	HB2492 Engrossed - 66 - LRB103 26244 RJT 52604 b
2370		-
2371		-
2372		-	HB2492 Engrossed- 67 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 67 - LRB103 26244 RJT 52604 b
2373		-	HB2492 Engrossed - 67 - LRB103 26244 RJT 52604 b
2374		-	1 (1) The voters of the district approve a proposition
2375		-	2 for the bond issuance at an election held on or after June
2376		-	3 28, 2022.
2377		-	4 (2) Prior to the issuance of the bonds, the school
2378		-	5 board determines, by resolution, that the projects set
2379		-	6 forth in the proposition for the bond issuance were and
2380		-	7 are required because of the age, condition, or capacity of
2381		-	8 the school district's existing school buildings.
2382		-	9 (3) The bonds are issued, in one or more issuances,
2383		-	10 not later than 5 years after the date of the referendum
2384		-	11 approving the issuances of the bonds, but the aggregate
2385		-	12 principal amount issued in all such bond issuances
2386		-	13 combined must not exceed $85,000,000.
2387		-	14 (4) The bonds are issued in accordance with this
2388		-	15 Article.
2389		-	16 (5) The proceeds of the bonds are used to accomplish
2390		-	17 only the projects approved by the voters at an election
2391		-	18 held on or after June 28, 2022.
2392		-	19 The debt incurred on any bonds issued under this
2393		-	20 subsection (p-210) and on any bonds issued to refund or
2394		-	21 continue to refund such bonds shall not be considered
2395		-	22 indebtedness for purposes of any statutory debt limitation.
2396		-	23 Bonds issued under this subsection (p-210) and any bonds
2397		-	24 issued to refund or continue to refund such bonds must mature
2398		-	25 within not to exceed 30 years from their date, notwithstanding
2399		-	26 any other law, including Section 19-3 of this Code, to the
2400		-
2401		-
2402		-
2403		-
2404		-
2405		-	HB2492 Engrossed - 67 - LRB103 26244 RJT 52604 b
2406		-
2407		-
2408		-	HB2492 Engrossed- 68 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 68 - LRB103 26244 RJT 52604 b
2409		-	HB2492 Engrossed - 68 - LRB103 26244 RJT 52604 b
2410		-	1 contrary.
2411		-	2 (p-215) In addition to all other authority to issue bonds,
2412		-	3 Golf Elementary School District 67 may issue bonds with an
2413		-	4 aggregate principal amount not to exceed $56,000,000, but only
2414		-	5 if all of the following conditions are met:
2415		-	6 (1) The voters of the district approve a proposition
2416		-	7 for the bond issuance at an election held on or after June
2417		-	8 28, 2022.
2418		-	9 (2) Prior to the issuance of the bonds, the school
2419		-	10 board determines, by resolution, that (i) it is necessary
2420		-	11 to build and equip a new school building and improve the
2421		-	12 site thereof and (ii) the issuance of bonds is authorized
2422		-	13 by a statute that exempts the debt incurred on the bonds
2423		-	14 from the district's statutory debt limitation.
2424		-	15 (3) The bonds are issued, in one or more issuances,
2425		-	16 not later than 5 years after the date of the referendum
2426		-	17 approving the issuance of the bonds, but the aggregate
2427		-	18 principal amount issued in all such bond issuances
2428		-	19 combined must not exceed $56,000,000.
2429		-	20 (4) The bonds are issued in accordance with this
2430		-	21 Article.
2431		-	22 (5) The proceeds of the bonds are used to accomplish
2432		-	23 only the projects approved by the voters at an election
2433		-	24 held on or after June 28, 2022.
2434		-	25 The debt incurred on any bonds issued under this
2435		-	26 subsection (p-215) and on any bonds issued to refund or
2436		-
2437		-
2438		-
2439		-
2440		-
2441		-	HB2492 Engrossed - 68 - LRB103 26244 RJT 52604 b
2442		-
2443		-
2444		-	HB2492 Engrossed- 69 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 69 - LRB103 26244 RJT 52604 b
2445		-	HB2492 Engrossed - 69 - LRB103 26244 RJT 52604 b
2446		-	1 continue to refund such bonds shall not be considered
2447		-	2 indebtedness for purposes of any statutory debt limitation.
2448		-	3 Bonds issued under this subsection (p-215) and any bonds
2449		-	4 issued to refund or continue to refund such bonds must mature
2450		-	5 within not to exceed 25 years from their date, notwithstanding
2451		-	6 any other law, including Section 19-3 of this Code, to the
2452		-	7 contrary.
2453		-	8 (p-220) Notwithstanding the provisions of subsection (a)
2454		-	9 of this Section or of any other law, a school district may
2455		-	10 issue bonds or certificates to finance guaranteed energy
2456		-	11 savings contracts pursuant to Article 19b of this Code, and
2457		-	12 any bonds or certificates so issued shall not be considered
2458		-	13 indebtedness for purposes of any statutory limitation and may
2459		-	14 be issued in an amount or amounts, including existing
2460		-	15 indebtedness, in excess of any heretofore or hereafter imposed
2461		-	16 statutory limitation as to indebtedness.
2462		-	17 (q) A school district must notify the State Board of
2463		-	18 Education prior to issuing any form of long-term or short-term
2464		-	19 debt that will result in outstanding debt that exceeds 75% of
2465		-	20 the debt limit specified in this Section or any other
2466		-	21 provision of law.
2467		-	22 (Source: P.A. 101-646, eff. 6-26-20; 102-316, eff. 8-6-21;
2468		-	23 102-949, eff. 5-27-22.)
2469		-	24 (105 ILCS 5/19b-5.5 new)
2470		-	25 Sec. 19b-5.5. Indebtedness and bonds. The school board of
2471		-
2472		-
2473		-
2474		-
2475		-
2476		-	HB2492 Engrossed - 69 - LRB103 26244 RJT 52604 b
2477		-
2478		-
2479		-	HB2492 Engrossed- 70 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 70 - LRB103 26244 RJT 52604 b
2480		-	HB2492 Engrossed - 70 - LRB103 26244 RJT 52604 b
2481		-	1 any school district, whether organized under a general law or
2482		-	2 special charter, having a population of less than 500,000
2483		-	3 inhabitants may, by resolution, incur an indebtedness and
2484		-	4 issue bonds as evidence thereof in an amount or amounts not
2485		-	5 exceeding the aggregate cost of all expenditures reasonably
2486		-	6 expected to be incurred pursuant to a guaranteed energy
2487		-	7 savings contract entered into in accordance with this Article.
2488		-	8 The bonds shall bear interest at not more than the maximum rate
2489		-	9 authorized by law and shall mature within 20 years from the
2490		-	10 date thereof.
2491		-	11 All contracts paid by bonds issued pursuant to this
2492		-	12 Section shall include a requirement that the qualified
2493		-	13 provider (i) enter into a project labor agreement with the
2494		-	14 applicable building and construction trades council and (ii)
2495		-	15 provide a plan to comply with the utilization goals for
2496		-	16 business enterprises established in the Business Enterprise
2497		-	17 for Minorities, Women, and Persons with Disabilities Act.
2498		-	18 (105 ILCS 5/19b-6) (from Ch. 122, par. 19b-6)
2499		-	19 Sec. 19b-6. Term; budget and appropriations. Guaranteed
2500		-	20 energy savings contracts may extend beyond the fiscal year in
2501		-	21 which they become effective. The school district or area
2502		-	22 vocational center shall include in its annual budget and
2503		-	23 appropriations measures for each subsequent fiscal year any
2504		-	24 amounts payable under guaranteed energy savings contracts
2505		-	25 during that fiscal year. Sections 2-3.12 and , 3-14.20, and
2506		-
2507		-
2508		-
2509		-
2510		-
2511		-	HB2492 Engrossed - 70 - LRB103 26244 RJT 52604 b
2512		-
2513		-
2514		-	HB2492 Engrossed- 71 -LRB103 26244 RJT 52604 b HB2492 Engrossed - 71 - LRB103 26244 RJT 52604 b
2515		-	HB2492 Engrossed - 71 - LRB103 26244 RJT 52604 b
2516		-	1 10-22.36 of this the School Code shall apply to this Article
2517		-	2 19b.
2518		-	3 (Source: P.A. 92-767, eff. 8-6-02.)
2519		-
2520		-
2521		-
2522		-
2523		-
2524		-	HB2492 Engrossed - 71 - LRB103 26244 RJT 52604 b
	3177	+	7 (p-220) Notwithstanding the provisions of subsection (a)
	3178	+	8 of this Section or of any other law, a school district may
	3179	+	9 issue bonds or certificates to finance guaranteed energy
	3180	+	10 savings contracts pursuant to Article 19b of this Code, and
	3181	+	11 any bonds or certificates so issued shall not be considered
	3182	+	12 indebtedness for purposes of any statutory limitation and may
	3183	+	13 be issued in an amount or amounts, including existing
	3184	+	14 indebtedness, in excess of any heretofore or hereafter imposed
	3185	+	15 statutory limitation as to indebtedness.
	3186	+	16 (q) A school district must notify the State Board of
	3187	+	17 Education prior to issuing any form of long-term or short-term
	3188	+	18 debt that will result in outstanding debt that exceeds 75% of
	3189	+	19 the debt limit specified in this Section or any other
	3190	+	20 provision of law.
	3191	+	21 (Source: P.A. 101-646, eff. 6-26-20; 102-316, eff. 8-6-21;
	3192	+	22 102-949, eff. 5-27-22.)
	3193	+	23 (105 ILCS 5/19b-5.5 new)
	3194	+	24 Sec. 19b-5.5. Indebtedness and bonds; tax levy.
	3195	+	25 (a) The school board of any school district, whether
	3196	+
	3197	+
	3198	+
	3199	+
	3200	+
	3201	+	HB2492 - 88 - LRB103 26244 RJT 52604 b
	3202	+
	3203	+
	3204	+	HB2492- 89 -LRB103 26244 RJT 52604 b HB2492 - 89 - LRB103 26244 RJT 52604 b
	3205	+	HB2492 - 89 - LRB103 26244 RJT 52604 b
	3206	+	1 organized under a general law or special charter, having a
	3207	+	2 population of less than 500,000 inhabitants may, by
	3208	+	3 resolution, incur an indebtedness and issue bonds as evidence
	3209	+	4 thereof in an amount or amounts not exceeding the aggregate
	3210	+	5 cost of all expenditures reasonably expected to be incurred
	3211	+	6 pursuant to a guaranteed energy savings contract entered into
	3212	+	7 in accordance with this Article. The bonds shall bear interest
	3213	+	8 at not more than the maximum rate authorized by law and shall
	3214	+	9 mature within 20 years from the date thereof.
	3215	+	10 (b) A certified copy of the resolution authorizing the
	3216	+	11 issuance of bonds under this Section shall be filed with the
	3217	+	12 county clerk of each county in which any portion of any such
	3218	+	13 district is situated and the county clerk shall annually
	3219	+	14 extend taxes against all of the taxable property situated in
	3220	+	15 the county and contained in such district in amounts
	3221	+	16 sufficient to pay maturing principal and interest of such
	3222	+	17 bonds without limitation as to rate or amount and in addition
	3223	+	18 to and in excess of any taxes that may now or hereafter be
	3224	+	19 authorized to be levied.
	3225	+	20 (105 ILCS 5/19b-6) (from Ch. 122, par. 19b-6)
	3226	+	21 Sec. 19b-6. Term; budget and appropriations. Guaranteed
	3227	+	22 energy savings contracts may extend beyond the fiscal year in
	3228	+	23 which they become effective. The school district or area
	3229	+	24 vocational center shall include in its annual budget and
	3230	+	25 appropriations measures for each subsequent fiscal year any
	3231	+
	3232	+
	3233	+
	3234	+
	3235	+
	3236	+	HB2492 - 89 - LRB103 26244 RJT 52604 b
	3237	+
	3238	+
	3239	+	HB2492- 90 -LRB103 26244 RJT 52604 b HB2492 - 90 - LRB103 26244 RJT 52604 b
	3240	+	HB2492 - 90 - LRB103 26244 RJT 52604 b
	3241	+	1 amounts payable under guaranteed energy savings contracts
	3242	+	2 during that fiscal year. Sections 2-3.12 and , 3-14.20, and
	3243	+	3 10-22.36 of this the School Code shall apply to this Article
	3244	+	4 19b.
	3245	+	5 (Source: P.A. 92-767, eff. 8-6-02.)
	3246	+
	3247	+
	3248	+
	3249	+
	3250	+
	3251	+	HB2492 - 90 - LRB103 26244 RJT 52604 b