Illinois 2023-2024 Regular Session

Illinois Senate Bill SB3348 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	Public Act 103-0978
2	1		SB3348 EnrolledLRB103 37891 RJT 68022 b SB3348 Enrolled LRB103 37891 RJT 68022 b
3	2		SB3348 Enrolled LRB103 37891 RJT 68022 b
4		-	AN ACT concerning education.
5		-	Be it enacted by the People of the State of Illinois,
6		-	represented in the General Assembly:
7		-	Section 5. The School Code is amended by changing Section
8		-	19-1 as follows:
9		-	(105 ILCS 5/19-1)
10		-	Sec. 19-1. Debt limitations of school districts.
11		-	(a) School districts shall not be subject to the
12		-	provisions limiting their indebtedness prescribed in the Local
13		-	Government Debt Limitation Act.
14		-	No school districts maintaining grades K through 8 or 9
15		-	through 12 shall become indebted in any manner or for any
16		-	purpose to an amount, including existing indebtedness, in the
17		-	aggregate exceeding 6.9% on the value of the taxable property
18		-	therein to be ascertained by the last assessment for State and
19		-	county taxes or, until January 1, 1983, if greater, the sum
20		-	that is produced by multiplying the school district's 1978
21		-	equalized assessed valuation by the debt limitation percentage
22		-	in effect on January 1, 1979, previous to the incurring of such
23		-	indebtedness.
24		-	No school districts maintaining grades K through 12 shall
25		-	become indebted in any manner or for any purpose to an amount,
26		-	including existing indebtedness, in the aggregate exceeding
	3	+	1 AN ACT concerning education.
	4	+	2 Be it enacted by the People of the State of Illinois,
	5	+	3 represented in the General Assembly:
	6	+	4 Section 5. The School Code is amended by changing Section
	7	+	5 19-1 as follows:
	8	+	6 (105 ILCS 5/19-1)
	9	+	7 Sec. 19-1. Debt limitations of school districts.
	10	+	8 (a) School districts shall not be subject to the
	11	+	9 provisions limiting their indebtedness prescribed in the Local
	12	+	10 Government Debt Limitation Act.
	13	+	11 No school districts maintaining grades K through 8 or 9
	14	+	12 through 12 shall become indebted in any manner or for any
	15	+	13 purpose to an amount, including existing indebtedness, in the
	16	+	14 aggregate exceeding 6.9% on the value of the taxable property
	17	+	15 therein to be ascertained by the last assessment for State and
	18	+	16 county taxes or, until January 1, 1983, if greater, the sum
	19	+	17 that is produced by multiplying the school district's 1978
	20	+	18 equalized assessed valuation by the debt limitation percentage
	21	+	19 in effect on January 1, 1979, previous to the incurring of such
	22	+	20 indebtedness.
	23	+	21 No school districts maintaining grades K through 12 shall
	24	+	22 become indebted in any manner or for any purpose to an amount,
	25	+	23 including existing indebtedness, in the aggregate exceeding
27	26
28	27
29	28
30	29		SB3348 Enrolled LRB103 37891 RJT 68022 b
31	30
32	31
33		-	13.8% on the value of the taxable property therein to be
34		-	ascertained by the last assessment for State and county taxes
35		-	or, until January 1, 1983, if greater, the sum that is produced
36		-	by multiplying the school district's 1978 equalized assessed
37		-	valuation by the debt limitation percentage in effect on
38		-	January 1, 1979, previous to the incurring of such
39		-	indebtedness.
40		-	No partial elementary unit district, as defined in Article
41		-	11E of this Code, shall become indebted in any manner or for
42		-	any purpose in an amount, including existing indebtedness, in
43		-	the aggregate exceeding 6.9% of the value of the taxable
44		-	property of the entire district, to be ascertained by the last
45		-	assessment for State and county taxes, plus an amount,
46		-	including existing indebtedness, in the aggregate exceeding
47		-	6.9% of the value of the taxable property of that portion of
48		-	the district included in the elementary and high school
49		-	classification, to be ascertained by the last assessment for
50		-	State and county taxes. Moreover, no partial elementary unit
51		-	district, as defined in Article 11E of this Code, shall become
52		-	indebted on account of bonds issued by the district for high
53		-	school purposes in the aggregate exceeding 6.9% of the value
54		-	of the taxable property of the entire district, to be
55		-	ascertained by the last assessment for State and county taxes,
56		-	nor shall the district become indebted on account of bonds
57		-	issued by the district for elementary purposes in the
58		-	aggregate exceeding 6.9% of the value of the taxable property
59		-
60		-
61		-	for that portion of the district included in the elementary
62		-	and high school classification, to be ascertained by the last
63		-	assessment for State and county taxes.
64		-	Notwithstanding the provisions of any other law to the
65		-	contrary, in any case in which the voters of a school district
66		-	have approved a proposition for the issuance of bonds of such
67		-	school district at an election held prior to January 1, 1979,
68		-	and all of the bonds approved at such election have not been
69		-	issued, the debt limitation applicable to such school district
70		-	during the calendar year 1979 shall be computed by multiplying
71		-	the value of taxable property therein, including personal
72		-	property, as ascertained by the last assessment for State and
73		-	county taxes, previous to the incurring of such indebtedness,
74		-	by the percentage limitation applicable to such school
75		-	district under the provisions of this subsection (a).
76		-	(a-5) After January 1, 2018, no school district may issue
77		-	bonds under Sections 19-2 through 19-7 of this Code and rely on
78		-	an exception to the debt limitations in this Section unless it
79		-	has complied with the requirements of Section 21 of the Bond
80		-	Issue Notification Act and the bonds have been approved by
81		-	referendum.
82		-	(b) Notwithstanding the debt limitation prescribed in
83		-	subsection (a) of this Section, additional indebtedness may be
84		-	incurred in an amount not to exceed the estimated cost of
85		-	acquiring or improving school sites or constructing and
86		-	equipping additional building facilities under the following
87		-
88		-
89		-	conditions:
90		-	(1) Whenever the enrollment of students for the next
91		-	school year is estimated by the board of education to
92		-	increase over the actual present enrollment by not less
93		-	than 35% or by not less than 200 students or the actual
94		-	present enrollment of students has increased over the
95		-	previous school year by not less than 35% or by not less
96		-	than 200 students and the board of education determines
97		-	that additional school sites or building facilities are
98		-	required as a result of such increase in enrollment; and
99		-	(2) When the Regional Superintendent of Schools having
100		-	jurisdiction over the school district and the State
101		-	Superintendent of Education concur in such enrollment
102		-	projection or increase and approve the need for such
103		-	additional school sites or building facilities and the
104		-	estimated cost thereof; and
105		-	(3) When the voters in the school district approve a
106		-	proposition for the issuance of bonds for the purpose of
107		-	acquiring or improving such needed school sites or
108		-	constructing and equipping such needed additional building
109		-	facilities at an election called and held for that
110		-	purpose. Notice of such an election shall state that the
111		-	amount of indebtedness proposed to be incurred would
112		-	exceed the debt limitation otherwise applicable to the
113		-	school district. The ballot for such proposition shall
114		-	state what percentage of the equalized assessed valuation
115		-
116		-
117		-	will be outstanding in bonds if the proposed issuance of
118		-	bonds is approved by the voters; or
119		-	(4) Notwithstanding the provisions of paragraphs (1)
120		-	through (3) of this subsection (b), if the school board
121		-	determines that additional facilities are needed to
122		-	provide a quality educational program and not less than
123		-	2/3 of those voting in an election called by the school
124		-	board on the question approve the issuance of bonds for
125		-	the construction of such facilities, the school district
126		-	may issue bonds for this purpose; or
127		-	(5) Notwithstanding the provisions of paragraphs (1)
128		-	through (3) of this subsection (b), if (i) the school
129		-	district has previously availed itself of the provisions
130		-	of paragraph (4) of this subsection (b) to enable it to
131		-	issue bonds, (ii) the voters of the school district have
132		-	not defeated a proposition for the issuance of bonds since
133		-	the referendum described in paragraph (4) of this
134		-	subsection (b) was held, (iii) the school board determines
135		-	that additional facilities are needed to provide a quality
136		-	educational program, and (iv) a majority of those voting
137		-	in an election called by the school board on the question
138		-	approve the issuance of bonds for the construction of such
139		-	facilities, the school district may issue bonds for this
140		-	purpose.
141		-	In no event shall the indebtedness incurred pursuant to
142		-	this subsection (b) and the existing indebtedness of the
143		-
144		-
145		-	school district exceed 15% of the value of the taxable
146		-	property therein to be ascertained by the last assessment for
147		-	State and county taxes, previous to the incurring of such
148		-	indebtedness or, until January 1, 1983, if greater, the sum
149		-	that is produced by multiplying the school district's 1978
150		-	equalized assessed valuation by the debt limitation percentage
151		-	in effect on January 1, 1979.
152		-	The indebtedness provided for by this subsection (b) shall
153		-	be in addition to and in excess of any other debt limitation.
154		-	(c) Notwithstanding the debt limitation prescribed in
155		-	subsection (a) of this Section, in any case in which a public
156		-	question for the issuance of bonds of a proposed school
157		-	district maintaining grades kindergarten through 12 received
158		-	at least 60% of the valid ballots cast on the question at an
159		-	election held on or prior to November 8, 1994, and in which the
160		-	bonds approved at such election have not been issued, the
161		-	school district pursuant to the requirements of Section 11A-10
162		-	(now repealed) may issue the total amount of bonds approved at
163		-	such election for the purpose stated in the question.
164		-	(d) Notwithstanding the debt limitation prescribed in
165		-	subsection (a) of this Section, a school district that meets
166		-	all the criteria set forth in paragraphs (1) and (2) of this
167		-	subsection (d) may incur an additional indebtedness in an
168		-	amount not to exceed $4,500,000, even though the amount of the
169		-	additional indebtedness authorized by this subsection (d),
170		-	when incurred and added to the aggregate amount of
171		-
172		-
173		-	indebtedness of the district existing immediately prior to the
174		-	district incurring the additional indebtedness authorized by
175		-	this subsection (d), causes the aggregate indebtedness of the
176		-	district to exceed the debt limitation otherwise applicable to
177		-	that district under subsection (a):
178		-	(1) The additional indebtedness authorized by this
179		-	subsection (d) is incurred by the school district through
180		-	the issuance of bonds under and in accordance with Section
181		-	17-2.11a for the purpose of replacing a school building
182		-	which, because of mine subsidence damage, has been closed
183		-	as provided in paragraph (2) of this subsection (d) or
184		-	through the issuance of bonds under and in accordance with
185		-	Section 19-3 for the purpose of increasing the size of, or
186		-	providing for additional functions in, such replacement
187		-	school buildings, or both such purposes.
188		-	(2) The bonds issued by the school district as
189		-	provided in paragraph (1) above are issued for the
190		-	purposes of construction by the school district of a new
191		-	school building pursuant to Section 17-2.11, to replace an
192		-	existing school building that, because of mine subsidence
193		-	damage, is closed as of the end of the 1992-93 school year
194		-	pursuant to action of the regional superintendent of
195		-	schools of the educational service region in which the
196		-	district is located under Section 3-14.22 or are issued
197		-	for the purpose of increasing the size of, or providing
198		-	for additional functions in, the new school building being
199		-
200		-
201		-	constructed to replace a school building closed as the
202		-	result of mine subsidence damage, or both such purposes.
203		-	(e) (Blank).
204		-	(f) Notwithstanding the provisions of subsection (a) of
205		-	this Section or of any other law, bonds in not to exceed the
206		-	aggregate amount of $5,500,000 and issued by a school district
207		-	meeting the following criteria shall not be considered
208		-	indebtedness for purposes of any statutory limitation and may
209		-	be issued in an amount or amounts, including existing
210		-	indebtedness, in excess of any heretofore or hereafter imposed
211		-	statutory limitation as to indebtedness:
212		-	(1) At the time of the sale of such bonds, the board of
213		-	education of the district shall have determined by
214		-	resolution that the enrollment of students in the district
215		-	is projected to increase by not less than 7% during each of
216		-	the next succeeding 2 school years.
217		-	(2) The board of education shall also determine by
218		-	resolution that the improvements to be financed with the
219		-	proceeds of the bonds are needed because of the projected
220		-	enrollment increases.
221		-	(3) The board of education shall also determine by
222		-	resolution that the projected increases in enrollment are
223		-	the result of improvements made or expected to be made to
224		-	passenger rail facilities located in the school district.
225		-	Notwithstanding the provisions of subsection (a) of this
226		-	Section or of any other law, a school district that has availed
227		-
228		-
229		-	itself of the provisions of this subsection (f) prior to July
230		-	22, 2004 (the effective date of Public Act 93-799) may also
231		-	issue bonds approved by referendum up to an amount, including
232		-	existing indebtedness, not exceeding 25% of the equalized
233		-	assessed value of the taxable property in the district if all
234		-	of the conditions set forth in items (1), (2), and (3) of this
235		-	subsection (f) are met.
236		-	(g) Notwithstanding the provisions of subsection (a) of
237		-	this Section or any other law, bonds in not to exceed an
238		-	aggregate amount of 25% of the equalized assessed value of the
239		-	taxable property of a school district and issued by a school
240		-	district meeting the criteria in paragraphs (i) through (iv)
241		-	of this subsection shall not be considered indebtedness for
242		-	purposes of any statutory limitation and may be issued
243		-	pursuant to resolution of the school board in an amount or
244		-	amounts, including existing indebtedness, in excess of any
245		-	statutory limitation of indebtedness heretofore or hereafter
246		-	imposed:
247		-	(i) The bonds are issued for the purpose of
248		-	constructing a new high school building to replace two
249		-	adjacent existing buildings which together house a single
250		-	high school, each of which is more than 65 years old, and
251		-	which together are located on more than 10 acres and less
252		-	than 11 acres of property.
253		-	(ii) At the time the resolution authorizing the
254		-	issuance of the bonds is adopted, the cost of constructing
255		-
256		-
257		-	a new school building to replace the existing school
258		-	building is less than 60% of the cost of repairing the
259		-	existing school building.
260		-	(iii) The sale of the bonds occurs before July 1,
261		-	1997.
262		-	(iv) The school district issuing the bonds is a unit
263		-	school district located in a county of less than 70,000
264		-	and more than 50,000 inhabitants, which has an average
265		-	daily attendance of less than 1,500 and an equalized
266		-	assessed valuation of less than $29,000,000.
267		-	(h) Notwithstanding any other provisions of this Section
268		-	or the provisions of any other law, until January 1, 1998, a
269		-	community unit school district maintaining grades K through 12
270		-	may issue bonds up to an amount, including existing
271		-	indebtedness, not exceeding 27.6% of the equalized assessed
272		-	value of the taxable property in the district, if all of the
273		-	following conditions are met:
274		-	(i) The school district has an equalized assessed
275		-	valuation for calendar year 1995 of less than $24,000,000;
276		-	(ii) The bonds are issued for the capital improvement,
277		-	renovation, rehabilitation, or replacement of existing
278		-	school buildings of the district, all of which buildings
279		-	were originally constructed not less than 40 years ago;
280		-	(iii) The voters of the district approve a proposition
281		-	for the issuance of the bonds at a referendum held after
282		-	March 19, 1996; and
283		-
284		-
285		-	(iv) The bonds are issued pursuant to Sections 19-2
286		-	through 19-7 of this Code.
287		-	(i) Notwithstanding any other provisions of this Section
288		-	or the provisions of any other law, until January 1, 1998, a
289		-	community unit school district maintaining grades K through 12
290		-	may issue bonds up to an amount, including existing
291		-	indebtedness, not exceeding 27% of the equalized assessed
292		-	value of the taxable property in the district, if all of the
293		-	following conditions are met:
294		-	(i) The school district has an equalized assessed
295		-	valuation for calendar year 1995 of less than $44,600,000;
296		-	(ii) The bonds are issued for the capital improvement,
297		-	renovation, rehabilitation, or replacement of existing
298		-	school buildings of the district, all of which existing
299		-	buildings were originally constructed not less than 80
300		-	years ago;
301		-	(iii) The voters of the district approve a proposition
302		-	for the issuance of the bonds at a referendum held after
303		-	December 31, 1996; and
304		-	(iv) The bonds are issued pursuant to Sections 19-2
305		-	through 19-7 of this Code.
306		-	(j) Notwithstanding any other provisions of this Section
307		-	or the provisions of any other law, until January 1, 1999, a
308		-	community unit school district maintaining grades K through 12
309		-	may issue bonds up to an amount, including existing
310		-	indebtedness, not exceeding 27% of the equalized assessed
311		-
312		-
313		-	value of the taxable property in the district if all of the
314		-	following conditions are met:
315		-	(i) The school district has an equalized assessed
316		-	valuation for calendar year 1995 of less than $140,000,000
317		-	and a best 3 months average daily attendance for the
318		-	1995-96 school year of at least 2,800;
319		-	(ii) The bonds are issued to purchase a site and build
320		-	and equip a new high school, and the school district's
321		-	existing high school was originally constructed not less
322		-	than 35 years prior to the sale of the bonds;
323		-	(iii) At the time of the sale of the bonds, the board
324		-	of education determines by resolution that a new high
325		-	school is needed because of projected enrollment
326		-	increases;
327		-	(iv) At least 60% of those voting in an election held
328		-	after December 31, 1996 approve a proposition for the
329		-	issuance of the bonds; and
330		-	(v) The bonds are issued pursuant to Sections 19-2
331		-	through 19-7 of this Code.
332		-	(k) Notwithstanding the debt limitation prescribed in
333		-	subsection (a) of this Section, a school district that meets
334		-	all the criteria set forth in paragraphs (1) through (4) of
335		-	this subsection (k) may issue bonds to incur an additional
336		-	indebtedness in an amount not to exceed $4,000,000 even though
337		-	the amount of the additional indebtedness authorized by this
338		-	subsection (k), when incurred and added to the aggregate
339		-
340		-
341		-	amount of indebtedness of the school district existing
342		-	immediately prior to the school district incurring such
343		-	additional indebtedness, causes the aggregate indebtedness of
344		-	the school district to exceed or increases the amount by which
345		-	the aggregate indebtedness of the district already exceeds the
346		-	debt limitation otherwise applicable to that school district
347		-	under subsection (a):
348		-	(1) the school district is located in 2 counties, and
349		-	a referendum to authorize the additional indebtedness was
350		-	approved by a majority of the voters of the school
351		-	district voting on the proposition to authorize that
352		-	indebtedness;
353		-	(2) the additional indebtedness is for the purpose of
354		-	financing a multi-purpose room addition to the existing
355		-	high school;
356		-	(3) the additional indebtedness, together with the
357		-	existing indebtedness of the school district, shall not
358		-	exceed 17.4% of the value of the taxable property in the
359		-	school district, to be ascertained by the last assessment
360		-	for State and county taxes; and
361		-	(4) the bonds evidencing the additional indebtedness
362		-	are issued, if at all, within 120 days of August 14, 1998
363		-	(the effective date of Public Act 90-757).
364		-	(l) Notwithstanding any other provisions of this Section
365		-	or the provisions of any other law, until January 1, 2000, a
366		-	school district maintaining grades kindergarten through 8 may
367		-
368		-
369		-	issue bonds up to an amount, including existing indebtedness,
370		-	not exceeding 15% of the equalized assessed value of the
371		-	taxable property in the district if all of the following
372		-	conditions are met:
373		-	(i) the district has an equalized assessed valuation
374		-	for calendar year 1996 of less than $10,000,000;
375		-	(ii) the bonds are issued for capital improvement,
376		-	renovation, rehabilitation, or replacement of one or more
377		-	school buildings of the district, which buildings were
378		-	originally constructed not less than 70 years ago;
379		-	(iii) the voters of the district approve a proposition
380		-	for the issuance of the bonds at a referendum held on or
381		-	after March 17, 1998; and
382		-	(iv) the bonds are issued pursuant to Sections 19-2
383		-	through 19-7 of this Code.
384		-	(m) Notwithstanding any other provisions of this Section
385		-	or the provisions of any other law, until January 1, 1999, an
386		-	elementary school district maintaining grades K through 8 may
387		-	issue bonds up to an amount, excluding existing indebtedness,
388		-	not exceeding 18% of the equalized assessed value of the
389		-	taxable property in the district, if all of the following
390		-	conditions are met:
391		-	(i) The school district has an equalized assessed
392		-	valuation for calendar year 1995 or less than $7,700,000;
393		-	(ii) The school district operates 2 elementary
394		-	attendance centers that until 1976 were operated as the
395		-
396		-
397		-	attendance centers of 2 separate and distinct school
398		-	districts;
399		-	(iii) The bonds are issued for the construction of a
400		-	new elementary school building to replace an existing
401		-	multi-level elementary school building of the school
402		-	district that is not accessible at all levels and parts of
403		-	which were constructed more than 75 years ago;
404		-	(iv) The voters of the school district approve a
405		-	proposition for the issuance of the bonds at a referendum
406		-	held after July 1, 1998; and
407		-	(v) The bonds are issued pursuant to Sections 19-2
408		-	through 19-7 of this Code.
409		-	(n) Notwithstanding the debt limitation prescribed in
410		-	subsection (a) of this Section or any other provisions of this
411		-	Section or of any other law, a school district that meets all
412		-	of the criteria set forth in paragraphs (i) through (vi) of
413		-	this subsection (n) may incur additional indebtedness by the
414		-	issuance of bonds in an amount not exceeding the amount
415		-	certified by the Capital Development Board to the school
416		-	district as provided in paragraph (iii) of this subsection
417		-	(n), even though the amount of the additional indebtedness so
418		-	authorized, when incurred and added to the aggregate amount of
419		-	indebtedness of the district existing immediately prior to the
420		-	district incurring the additional indebtedness authorized by
421		-	this subsection (n), causes the aggregate indebtedness of the
422		-	district to exceed the debt limitation otherwise applicable by
423		-
424		-
425		-	law to that district:
426		-	(i) The school district applies to the State Board of
427		-	Education for a school construction project grant and
428		-	submits a district facilities plan in support of its
429		-	application pursuant to Section 5-20 of the School
430		-	Construction Law.
431		-	(ii) The school district's application and facilities
432		-	plan are approved by, and the district receives a grant
433		-	entitlement for a school construction project issued by,
434		-	the State Board of Education under the School Construction
435		-	Law.
436		-	(iii) The school district has exhausted its bonding
437		-	capacity or the unused bonding capacity of the district is
438		-	less than the amount certified by the Capital Development
439		-	Board to the district under Section 5-15 of the School
440		-	Construction Law as the dollar amount of the school
441		-	construction project's cost that the district will be
442		-	required to finance with non-grant funds in order to
443		-	receive a school construction project grant under the
444		-	School Construction Law.
445		-	(iv) The bonds are issued for a "school construction
446		-	project", as that term is defined in Section 5-5 of the
447		-	School Construction Law, in an amount that does not exceed
448		-	the dollar amount certified, as provided in paragraph
449		-	(iii) of this subsection (n), by the Capital Development
450		-	Board to the school district under Section 5-15 of the
451		-
452		-
453		-	School Construction Law.
454		-	(v) The voters of the district approve a proposition
455		-	for the issuance of the bonds at a referendum held after
456		-	the criteria specified in paragraphs (i) and (iii) of this
457		-	subsection (n) are met.
458		-	(vi) The bonds are issued pursuant to Sections 19-2
459		-	through 19-7 of the School Code.
460		-	(o) Notwithstanding any other provisions of this Section
461		-	or the provisions of any other law, until November 1, 2007, a
462		-	community unit school district maintaining grades K through 12
463		-	may issue bonds up to an amount, including existing
464		-	indebtedness, not exceeding 20% of the equalized assessed
465		-	value of the taxable property in the district if all of the
466		-	following conditions are met:
467		-	(i) the school district has an equalized assessed
468		-	valuation for calendar year 2001 of at least $737,000,000
469		-	and an enrollment for the 2002-2003 school year of at
470		-	least 8,500;
471		-	(ii) the bonds are issued to purchase school sites,
472		-	build and equip a new high school, build and equip a new
473		-	junior high school, build and equip 5 new elementary
474		-	schools, and make technology and other improvements and
475		-	additions to existing schools;
476		-	(iii) at the time of the sale of the bonds, the board
477		-	of education determines by resolution that the sites and
478		-	new or improved facilities are needed because of projected
479		-
480		-
481		-	enrollment increases;
482		-	(iv) at least 57% of those voting in a general
483		-	election held prior to January 1, 2003 approved a
484		-	proposition for the issuance of the bonds; and
485		-	(v) the bonds are issued pursuant to Sections 19-2
486		-	through 19-7 of this Code.
487		-	(p) Notwithstanding any other provisions of this Section
488		-	or the provisions of any other law, a community unit school
489		-	district maintaining grades K through 12 may issue bonds up to
490		-	an amount, including indebtedness, not exceeding 27% of the
491		-	equalized assessed value of the taxable property in the
492		-	district if all of the following conditions are met:
493		-	(i) The school district has an equalized assessed
494		-	valuation for calendar year 2001 of at least $295,741,187
495		-	and a best 3 months' average daily attendance for the
496		-	2002-2003 school year of at least 2,394.
497		-	(ii) The bonds are issued to build and equip 3
498		-	elementary school buildings; build and equip one middle
499		-	school building; and alter, repair, improve, and equip all
500		-	existing school buildings in the district.
501		-	(iii) At the time of the sale of the bonds, the board
502		-	of education determines by resolution that the project is
503		-	needed because of expanding growth in the school district
504		-	and a projected enrollment increase.
505		-	(iv) The bonds are issued pursuant to Sections 19-2
506		-	through 19-7 of this Code.
507		-
508		-
509		-	(p-5) Notwithstanding any other provisions of this Section
510		-	or the provisions of any other law, bonds issued by a community
511		-	unit school district maintaining grades K through 12 shall not
512		-	be considered indebtedness for purposes of any statutory
513		-	limitation and may be issued in an amount or amounts,
514		-	including existing indebtedness, in excess of any heretofore
515		-	or hereafter imposed statutory limitation as to indebtedness,
516		-	if all of the following conditions are met:
517		-	(i) For each of the 4 most recent years, residential
518		-	property comprises more than 80% of the equalized assessed
519		-	valuation of the district.
520		-	(ii) At least 2 school buildings that were constructed
521		-	40 or more years prior to the issuance of the bonds will be
522		-	demolished and will be replaced by new buildings or
523		-	additions to one or more existing buildings.
524		-	(iii) Voters of the district approve a proposition for
525		-	the issuance of the bonds at a regularly scheduled
526		-	election.
527		-	(iv) At the time of the sale of the bonds, the school
528		-	board determines by resolution that the new buildings or
529		-	building additions are needed because of an increase in
530		-	enrollment projected by the school board.
531		-	(v) The principal amount of the bonds, including
532		-	existing indebtedness, does not exceed 25% of the
533		-	equalized assessed value of the taxable property in the
534		-	district.
535		-
536		-
537		-	(vi) The bonds are issued prior to January 1, 2007,
538		-	pursuant to Sections 19-2 through 19-7 of this Code.
539		-	(p-10) Notwithstanding any other provisions of this
540		-	Section or the provisions of any other law, bonds issued by a
541		-	community consolidated school district maintaining grades K
542		-	through 8 shall not be considered indebtedness for purposes of
543		-	any statutory limitation and may be issued in an amount or
544		-	amounts, including existing indebtedness, in excess of any
545		-	heretofore or hereafter imposed statutory limitation as to
546		-	indebtedness, if all of the following conditions are met:
547		-	(i) For each of the 4 most recent years, residential
548		-	and farm property comprises more than 80% of the equalized
549		-	assessed valuation of the district.
550		-	(ii) The bond proceeds are to be used to acquire and
551		-	improve school sites and build and equip a school
552		-	building.
553		-	(iii) Voters of the district approve a proposition for
554		-	the issuance of the bonds at a regularly scheduled
555		-	election.
556		-	(iv) At the time of the sale of the bonds, the school
557		-	board determines by resolution that the school sites and
558		-	building additions are needed because of an increase in
559		-	enrollment projected by the school board.
560		-	(v) The principal amount of the bonds, including
561		-	existing indebtedness, does not exceed 20% of the
562		-	equalized assessed value of the taxable property in the
563		-
564		-
565		-	district.
566		-	(vi) The bonds are issued prior to January 1, 2007,
567		-	pursuant to Sections 19-2 through 19-7 of this Code.
568		-	(p-15) In addition to all other authority to issue bonds,
569		-	the Oswego Community Unit School District Number 308 may issue
570		-	bonds with an aggregate principal amount not to exceed
571		-	$450,000,000, but only if all of the following conditions are
572		-	met:
573		-	(i) The voters of the district have approved a
574		-	proposition for the bond issue at the general election
575		-	held on November 7, 2006.
576		-	(ii) At the time of the sale of the bonds, the school
577		-	board determines, by resolution, that: (A) the building
578		-	and equipping of the new high school building, new junior
579		-	high school buildings, new elementary school buildings,
580		-	early childhood building, maintenance building,
581		-	transportation facility, and additions to existing school
582		-	buildings, the altering, repairing, equipping, and
583		-	provision of technology improvements to existing school
584		-	buildings, and the acquisition and improvement of school
585		-	sites, as the case may be, are required as a result of a
586		-	projected increase in the enrollment of students in the
587		-	district; and (B) the sale of bonds for these purposes is
588		-	authorized by legislation that exempts the debt incurred
589		-	on the bonds from the district's statutory debt
590		-	limitation.
591		-
592		-
593		-	(iii) The bonds are issued, in one or more bond
594		-	issues, on or before November 7, 2011, but the aggregate
595		-	principal amount issued in all such bond issues combined
596		-	must not exceed $450,000,000.
597		-	(iv) The bonds are issued in accordance with this
598		-	Article 19.
599		-	(v) The proceeds of the bonds are used only to
600		-	accomplish those projects approved by the voters at the
601		-	general election held on November 7, 2006.
602		-	The debt incurred on any bonds issued under this subsection
603		-	(p-15) shall not be considered indebtedness for purposes of
604		-	any statutory debt limitation.
605		-	(p-20) In addition to all other authority to issue bonds,
606		-	the Lincoln-Way Community High School District Number 210 may
607		-	issue bonds with an aggregate principal amount not to exceed
608		-	$225,000,000, but only if all of the following conditions are
609		-	met:
610		-	(i) The voters of the district have approved a
611		-	proposition for the bond issue at the general primary
612		-	election held on March 21, 2006.
613		-	(ii) At the time of the sale of the bonds, the school
614		-	board determines, by resolution, that: (A) the building
615		-	and equipping of the new high school buildings, the
616		-	altering, repairing, and equipping of existing school
617		-	buildings, and the improvement of school sites, as the
618		-	case may be, are required as a result of a projected
619		-
620		-
621		-	increase in the enrollment of students in the district;
622		-	and (B) the sale of bonds for these purposes is authorized
623		-	by legislation that exempts the debt incurred on the bonds
624		-	from the district's statutory debt limitation.
625		-	(iii) The bonds are issued, in one or more bond
626		-	issues, on or before March 21, 2011, but the aggregate
627		-	principal amount issued in all such bond issues combined
628		-	must not exceed $225,000,000.
629		-	(iv) The bonds are issued in accordance with this
630		-	Article 19.
631		-	(v) The proceeds of the bonds are used only to
632		-	accomplish those projects approved by the voters at the
633		-	primary election held on March 21, 2006.
634		-	The debt incurred on any bonds issued under this subsection
635		-	(p-20) shall not be considered indebtedness for purposes of
636		-	any statutory debt limitation.
637		-	(p-25) In addition to all other authority to issue bonds,
638		-	Rochester Community Unit School District 3A may issue bonds
639		-	with an aggregate principal amount not to exceed $18,500,000,
640		-	but only if all of the following conditions are met:
641		-	(i) The voters of the district approve a proposition
642		-	for the bond issuance at the general primary election held
643		-	in 2008.
644		-	(ii) At the time of the sale of the bonds, the school
645		-	board determines, by resolution, that: (A) the building
646		-	and equipping of a new high school building; the addition
647		-
648		-
649		-	of classrooms and support facilities at the high school,
650		-	middle school, and elementary school; the altering,
651		-	repairing, and equipping of existing school buildings; and
652		-	the improvement of school sites, as the case may be, are
653		-	required as a result of a projected increase in the
654		-	enrollment of students in the district; and (B) the sale
655		-	of bonds for these purposes is authorized by a law that
656		-	exempts the debt incurred on the bonds from the district's
657		-	statutory debt limitation.
658		-	(iii) The bonds are issued, in one or more bond
659		-	issues, on or before December 31, 2012, but the aggregate
660		-	principal amount issued in all such bond issues combined
661		-	must not exceed $18,500,000.
662		-	(iv) The bonds are issued in accordance with this
663		-	Article 19.
664		-	(v) The proceeds of the bonds are used to accomplish
665		-	only those projects approved by the voters at the primary
666		-	election held in 2008.
667		-	The debt incurred on any bonds issued under this subsection
668		-	(p-25) shall not be considered indebtedness for purposes of
669		-	any statutory debt limitation.
670		-	(p-30) In addition to all other authority to issue bonds,
671		-	Prairie Grove Consolidated School District 46 may issue bonds
672		-	with an aggregate principal amount not to exceed $30,000,000,
673		-	but only if all of the following conditions are met:
674		-	(i) The voters of the district approve a proposition
675		-
676		-
677		-	for the bond issuance at an election held in 2008.
678		-	(ii) At the time of the sale of the bonds, the school
679		-	board determines, by resolution, that (A) the building and
680		-	equipping of a new school building and additions to
681		-	existing school buildings are required as a result of a
682		-	projected increase in the enrollment of students in the
683		-	district and (B) the altering, repairing, and equipping of
684		-	existing school buildings are required because of the age
685		-	of the existing school buildings.
686		-	(iii) The bonds are issued, in one or more bond
687		-	issuances, on or before December 31, 2012; however, the
688		-	aggregate principal amount issued in all such bond
689		-	issuances combined must not exceed $30,000,000.
690		-	(iv) The bonds are issued in accordance with this
691		-	Article.
692		-	(v) The proceeds of the bonds are used to accomplish
693		-	only those projects approved by the voters at an election
694		-	held in 2008.
695		-	The debt incurred on any bonds issued under this subsection
696		-	(p-30) shall not be considered indebtedness for purposes of
697		-	any statutory debt limitation.
698		-	(p-35) In addition to all other authority to issue bonds,
699		-	Prairie Hill Community Consolidated School District 133 may
700		-	issue bonds with an aggregate principal amount not to exceed
701		-	$13,900,000, but only if all of the following conditions are
702		-	met:
703		-
704		-
705		-	(i) The voters of the district approved a proposition
706		-	for the bond issuance at an election held on April 17,
707		-	2007.
708		-	(ii) At the time of the sale of the bonds, the school
709		-	board determines, by resolution, that (A) the improvement
710		-	of the site of and the building and equipping of a school
711		-	building are required as a result of a projected increase
712		-	in the enrollment of students in the district and (B) the
713		-	repairing and equipping of the Prairie Hill Elementary
714		-	School building is required because of the age of that
715		-	school building.
716		-	(iii) The bonds are issued, in one or more bond
717		-	issuances, on or before December 31, 2011, but the
718		-	aggregate principal amount issued in all such bond
719		-	issuances combined must not exceed $13,900,000.
720		-	(iv) The bonds are issued in accordance with this
721		-	Article.
722		-	(v) The proceeds of the bonds are used to accomplish
723		-	only those projects approved by the voters at an election
724		-	held on April 17, 2007.
725		-	The debt incurred on any bonds issued under this subsection
726		-	(p-35) shall not be considered indebtedness for purposes of
727		-	any statutory debt limitation.
728		-	(p-40) In addition to all other authority to issue bonds,
729		-	Mascoutah Community Unit District 19 may issue bonds with an
730		-	aggregate principal amount not to exceed $55,000,000, but only
731		-
732		-
733		-	if all of the following conditions are met:
734		-	(1) The voters of the district approve a proposition
735		-	for the bond issuance at a regular election held on or
736		-	after November 4, 2008.
737		-	(2) At the time of the sale of the bonds, the school
738		-	board determines, by resolution, that (i) the building and
739		-	equipping of a new high school building is required as a
740		-	result of a projected increase in the enrollment of
741		-	students in the district and the age and condition of the
742		-	existing high school building, (ii) the existing high
743		-	school building will be demolished, and (iii) the sale of
744		-	bonds is authorized by statute that exempts the debt
745		-	incurred on the bonds from the district's statutory debt
746		-	limitation.
747		-	(3) The bonds are issued, in one or more bond
748		-	issuances, on or before December 31, 2011, but the
749		-	aggregate principal amount issued in all such bond
750		-	issuances combined must not exceed $55,000,000.
751		-	(4) The bonds are issued in accordance with this
752		-	Article.
753		-	(5) The proceeds of the bonds are used to accomplish
754		-	only those projects approved by the voters at a regular
755		-	election held on or after November 4, 2008.
756		-	The debt incurred on any bonds issued under this
757		-	subsection (p-40) shall not be considered indebtedness for
758		-	purposes of any statutory debt limitation.
759		-
760		-
761		-	(p-45) Notwithstanding the provisions of subsection (a) of
762		-	this Section or of any other law, bonds issued pursuant to
763		-	Section 19-3.5 of this Code shall not be considered
764		-	indebtedness for purposes of any statutory limitation if the
765		-	bonds are issued in an amount or amounts, including existing
766		-	indebtedness of the school district, not in excess of 18.5% of
767		-	the value of the taxable property in the district to be
768		-	ascertained by the last assessment for State and county taxes.
769		-	(p-50) Notwithstanding the provisions of subsection (a) of
770		-	this Section or of any other law, bonds issued pursuant to
771		-	Section 19-3.10 of this Code shall not be considered
772		-	indebtedness for purposes of any statutory limitation if the
773		-	bonds are issued in an amount or amounts, including existing
774		-	indebtedness of the school district, not in excess of 43% of
775		-	the value of the taxable property in the district to be
776		-	ascertained by the last assessment for State and county taxes.
777		-	(p-55) In addition to all other authority to issue bonds,
778		-	Belle Valley School District 119 may issue bonds with an
779		-	aggregate principal amount not to exceed $47,500,000, but only
780		-	if all of the following conditions are met:
781		-	(1) The voters of the district approve a proposition
782		-	for the bond issuance at an election held on or after April
783		-	7, 2009.
784		-	(2) Prior to the issuance of the bonds, the school
785		-	board determines, by resolution, that (i) the building and
786		-	equipping of a new school building is required as a result
787		-
788		-
789		-	of mine subsidence in an existing school building and
790		-	because of the age and condition of another existing
791		-	school building and (ii) the issuance of bonds is
792		-	authorized by statute that exempts the debt incurred on
793		-	the bonds from the district's statutory debt limitation.
794		-	(3) The bonds are issued, in one or more bond
795		-	issuances, on or before March 31, 2014, but the aggregate
796		-	principal amount issued in all such bond issuances
797		-	combined must not exceed $47,500,000.
798		-	(4) The bonds are issued in accordance with this
799		-	Article.
800		-	(5) The proceeds of the bonds are used to accomplish
801		-	only those projects approved by the voters at an election
802		-	held on or after April 7, 2009.
803		-	The debt incurred on any bonds issued under this
804		-	subsection (p-55) shall not be considered indebtedness for
805		-	purposes of any statutory debt limitation. Bonds issued under
806		-	this subsection (p-55) must mature within not to exceed 30
807		-	years from their date, notwithstanding any other law to the
808		-	contrary.
809		-	(p-60) In addition to all other authority to issue bonds,
810		-	Wilmington Community Unit School District Number 209-U may
811		-	issue bonds with an aggregate principal amount not to exceed
812		-	$2,285,000, but only if all of the following conditions are
813		-	met:
814		-	(1) The proceeds of the bonds are used to accomplish
815		-
816		-
817		-	only those projects approved by the voters at the general
818		-	primary election held on March 21, 2006.
819		-	(2) Prior to the issuance of the bonds, the school
820		-	board determines, by resolution, that (i) the projects
821		-	approved by the voters were and are required because of
822		-	the age and condition of the school district's prior and
823		-	existing school buildings and (ii) the issuance of the
824		-	bonds is authorized by legislation that exempts the debt
825		-	incurred on the bonds from the district's statutory debt
826		-	limitation.
827		-	(3) The bonds are issued in one or more bond issuances
828		-	on or before March 1, 2011, but the aggregate principal
829		-	amount issued in all those bond issuances combined must
830		-	not exceed $2,285,000.
831		-	(4) The bonds are issued in accordance with this
832		-	Article.
833		-	The debt incurred on any bonds issued under this
834		-	subsection (p-60) shall not be considered indebtedness for
835		-	purposes of any statutory debt limitation.
836		-	(p-65) In addition to all other authority to issue bonds,
837		-	West Washington County Community Unit School District 10 may
838		-	issue bonds with an aggregate principal amount not to exceed
839		-	$32,200,000 and maturing over a period not exceeding 25 years,
840		-	but only if all of the following conditions are met:
841		-	(1) The voters of the district approve a proposition
842		-	for the bond issuance at an election held on or after
843		-
844		-
845		-	February 2, 2010.
846		-	(2) Prior to the issuance of the bonds, the school
847		-	board determines, by resolution, that (A) all or a portion
848		-	of the existing Okawville Junior/Senior High School
849		-	Building will be demolished; (B) the building and
850		-	equipping of a new school building to be attached to and
851		-	the alteration, repair, and equipping of the remaining
852		-	portion of the Okawville Junior/Senior High School
853		-	Building is required because of the age and current
854		-	condition of that school building; and (C) the issuance of
855		-	bonds is authorized by a statute that exempts the debt
856		-	incurred on the bonds from the district's statutory debt
857		-	limitation.
858		-	(3) The bonds are issued, in one or more bond
859		-	issuances, on or before March 31, 2014, but the aggregate
860		-	principal amount issued in all such bond issuances
861		-	combined must not exceed $32,200,000.
862		-	(4) The bonds are issued in accordance with this
863		-	Article.
864		-	(5) The proceeds of the bonds are used to accomplish
865		-	only those projects approved by the voters at an election
866		-	held on or after February 2, 2010.
867		-	The debt incurred on any bonds issued under this
868		-	subsection (p-65) shall not be considered indebtedness for
869		-	purposes of any statutory debt limitation.
870		-	(p-70) In addition to all other authority to issue bonds,
871		-
872		-
873		-	Cahokia Community Unit School District 187 may issue bonds
874		-	with an aggregate principal amount not to exceed $50,000,000,
875		-	but only if all the following conditions are met:
876		-	(1) The voters of the district approve a proposition
877		-	for the bond issuance at an election held on or after
878		-	November 2, 2010.
879		-	(2) Prior to the issuance of the bonds, the school
880		-	board determines, by resolution, that (i) the building and
881		-	equipping of a new school building is required as a result
882		-	of the age and condition of an existing school building
883		-	and (ii) the issuance of bonds is authorized by a statute
884		-	that exempts the debt incurred on the bonds from the
885		-	district's statutory debt limitation.
886		-	(3) The bonds are issued, in one or more issuances, on
887		-	or before July 1, 2016, but the aggregate principal amount
888		-	issued in all such bond issuances combined must not exceed
889		-	$50,000,000.
890		-	(4) The bonds are issued in accordance with this
891		-	Article.
892		-	(5) The proceeds of the bonds are used to accomplish
893		-	only those projects approved by the voters at an election
894		-	held on or after November 2, 2010.
895		-	The debt incurred on any bonds issued under this
896		-	subsection (p-70) shall not be considered indebtedness for
897		-	purposes of any statutory debt limitation. Bonds issued under
898		-	this subsection (p-70) must mature within not to exceed 25
899		-
900		-
901		-	years from their date, notwithstanding any other law,
902		-	including Section 19-3 of this Code, to the contrary.
903		-	(p-75) Notwithstanding the debt limitation prescribed in
904		-	subsection (a) of this Section or any other provisions of this
905		-	Section or of any other law, the execution of leases on or
906		-	after January 1, 2007 and before July 1, 2011 by the Board of
907		-	Education of Peoria School District 150 with a public building
908		-	commission for leases entered into pursuant to the Public
909		-	Building Commission Act shall not be considered indebtedness
910		-	for purposes of any statutory debt limitation.
911		-	This subsection (p-75) applies only if the State Board of
912		-	Education or the Capital Development Board makes one or more
913		-	grants to Peoria School District 150 pursuant to the School
914		-	Construction Law. The amount exempted from the debt limitation
915		-	as prescribed in this subsection (p-75) shall be no greater
916		-	than the amount of one or more grants awarded to Peoria School
917		-	District 150 by the State Board of Education or the Capital
918		-	Development Board.
919		-	(p-80) In addition to all other authority to issue bonds,
920		-	Ridgeland School District 122 may issue bonds with an
921		-	aggregate principal amount not to exceed $50,000,000 for the
922		-	purpose of refunding or continuing to refund bonds originally
923		-	issued pursuant to voter approval at the general election held
924		-	on November 7, 2000, and the debt incurred on any bonds issued
925		-	under this subsection (p-80) shall not be considered
926		-	indebtedness for purposes of any statutory debt limitation.
927		-
928		-
929		-	Bonds issued under this subsection (p-80) may be issued in one
930		-	or more issuances and must mature within not to exceed 25 years
931		-	from their date, notwithstanding any other law, including
932		-	Section 19-3 of this Code, to the contrary.
933		-	(p-85) In addition to all other authority to issue bonds,
934		-	Hall High School District 502 may issue bonds with an
935		-	aggregate principal amount not to exceed $32,000,000, but only
936		-	if all the following conditions are met:
937		-	(1) The voters of the district approve a proposition
938		-	for the bond issuance at an election held on or after April
939		-	9, 2013.
940		-	(2) Prior to the issuance of the bonds, the school
941		-	board determines, by resolution, that (i) the building and
942		-	equipping of a new school building is required as a result
943		-	of the age and condition of an existing school building,
944		-	(ii) the existing school building should be demolished in
945		-	its entirety or the existing school building should be
946		-	demolished except for the 1914 west wing of the building,
947		-	and (iii) the issuance of bonds is authorized by a statute
948		-	that exempts the debt incurred on the bonds from the
949		-	district's statutory debt limitation.
950		-	(3) The bonds are issued, in one or more issuances,
951		-	not later than 5 years after the date of the referendum
952		-	approving the issuance of the bonds, but the aggregate
953		-	principal amount issued in all such bond issuances
954		-	combined must not exceed $32,000,000.
955		-
956		-
957		-	(4) The bonds are issued in accordance with this
958		-	Article.
959		-	(5) The proceeds of the bonds are used to accomplish
960		-	only those projects approved by the voters at an election
961		-	held on or after April 9, 2013.
962		-	The debt incurred on any bonds issued under this
963		-	subsection (p-85) shall not be considered indebtedness for
964		-	purposes of any statutory debt limitation. Bonds issued under
965		-	this subsection (p-85) must mature within not to exceed 30
966		-	years from their date, notwithstanding any other law,
967		-	including Section 19-3 of this Code, to the contrary.
968		-	(p-90) In addition to all other authority to issue bonds,
969		-	Lebanon Community Unit School District 9 may issue bonds with
970		-	an aggregate principal amount not to exceed $7,500,000, but
971		-	only if all of the following conditions are met:
972		-	(1) The voters of the district approved a proposition
973		-	for the bond issuance at the general primary election on
974		-	February 2, 2010.
975		-	(2) At or prior to the time of the sale of the bonds,
976		-	the school board determines, by resolution, that (i) the
977		-	building and equipping of a new elementary school building
978		-	is required as a result of a projected increase in the
979		-	enrollment of students in the district and the age and
980		-	condition of the existing Lebanon Elementary School
981		-	building, (ii) a portion of the existing Lebanon
982		-	Elementary School building will be demolished and the
983		-
984		-
985		-	remaining portion will be altered, repaired, and equipped,
986		-	and (iii) the sale of bonds is authorized by a statute that
987		-	exempts the debt incurred on the bonds from the district's
988		-	statutory debt limitation.
989		-	(3) The bonds are issued, in one or more bond
990		-	issuances, on or before April 1, 2014, but the aggregate
991		-	principal amount issued in all such bond issuances
992		-	combined must not exceed $7,500,000.
993		-	(4) The bonds are issued in accordance with this
994		-	Article.
995		-	(5) The proceeds of the bonds are used to accomplish
996		-	only those projects approved by the voters at the general
997		-	primary election held on February 2, 2010.
998		-	The debt incurred on any bonds issued under this
999		-	subsection (p-90) shall not be considered indebtedness for
1000		-	purposes of any statutory debt limitation.
1001		-	(p-95) In addition to all other authority to issue bonds,
1002		-	Monticello Community Unit School District 25 may issue bonds
1003		-	with an aggregate principal amount not to exceed $35,000,000,
1004		-	but only if all of the following conditions are met:
1005		-	(1) The voters of the district approve a proposition
1006		-	for the bond issuance at an election held on or after
1007		-	November 4, 2014.
1008		-	(2) Prior to the issuance of the bonds, the school
1009		-	board determines, by resolution, that (i) the building and
1010		-	equipping of a new school building is required as a result
1011		-
1012		-
1013		-	of the age and condition of an existing school building
1014		-	and (ii) the issuance of bonds is authorized by a statute
1015		-	that exempts the debt incurred on the bonds from the
1016		-	district's statutory debt limitation.
1017		-	(3) The bonds are issued, in one or more issuances, on
1018		-	or before July 1, 2020, but the aggregate principal amount
1019		-	issued in all such bond issuances combined must not exceed
1020		-	$35,000,000.
1021		-	(4) The bonds are issued in accordance with this
1022		-	Article.
1023		-	(5) The proceeds of the bonds are used to accomplish
1024		-	only those projects approved by the voters at an election
1025		-	held on or after November 4, 2014.
1026		-	The debt incurred on any bonds issued under this
1027		-	subsection (p-95) shall not be considered indebtedness for
1028		-	purposes of any statutory debt limitation. Bonds issued under
1029		-	this subsection (p-95) must mature within not to exceed 25
1030		-	years from their date, notwithstanding any other law,
1031		-	including Section 19-3 of this Code, to the contrary.
1032		-	(p-100) In addition to all other authority to issue bonds,
1033		-	the community unit school district created in the territory
1034		-	comprising Milford Community Consolidated School District 280
1035		-	and Milford Township High School District 233, as approved at
1036		-	the general primary election held on March 18, 2014, may issue
1037		-	bonds with an aggregate principal amount not to exceed
1038		-	$17,500,000, but only if all the following conditions are met:
1039		-
1040		-
1041		-	(1) The voters of the district approve a proposition
1042		-	for the bond issuance at an election held on or after
1043		-	November 4, 2014.
1044		-	(2) Prior to the issuance of the bonds, the school
1045		-	board determines, by resolution, that (i) the building and
1046		-	equipping of a new school building is required as a result
1047		-	of the age and condition of an existing school building
1048		-	and (ii) the issuance of bonds is authorized by a statute
1049		-	that exempts the debt incurred on the bonds from the
1050		-	district's statutory debt limitation.
1051		-	(3) The bonds are issued, in one or more issuances, on
1052		-	or before July 1, 2020, but the aggregate principal amount
1053		-	issued in all such bond issuances combined must not exceed
1054		-	$17,500,000.
1055		-	(4) The bonds are issued in accordance with this
1056		-	Article.
1057		-	(5) The proceeds of the bonds are used to accomplish
1058		-	only those projects approved by the voters at an election
1059		-	held on or after November 4, 2014.
1060		-	The debt incurred on any bonds issued under this
1061		-	subsection (p-100) shall not be considered indebtedness for
1062		-	purposes of any statutory debt limitation. Bonds issued under
1063		-	this subsection (p-100) must mature within not to exceed 25
1064		-	years from their date, notwithstanding any other law,
1065		-	including Section 19-3 of this Code, to the contrary.
1066		-	(p-105) In addition to all other authority to issue bonds,
1067		-
1068		-
1069		-	North Shore School District 112 may issue bonds with an
1070		-	aggregate principal amount not to exceed $150,000,000, but
1071		-	only if all of the following conditions are met:
1072		-	(1) The voters of the district approve a proposition
1073		-	for the bond issuance at an election held on or after March
1074		-	15, 2016.
1075		-	(2) Prior to the issuance of the bonds, the school
1076		-	board determines, by resolution, that (i) the building and
1077		-	equipping of new buildings and improving the sites thereof
1078		-	and the building and equipping of additions to, altering,
1079		-	repairing, equipping, and renovating existing buildings
1080		-	and improving the sites thereof are required as a result
1081		-	of the age and condition of the district's existing
1082		-	buildings and (ii) the issuance of bonds is authorized by
1083		-	a statute that exempts the debt incurred on the bonds from
1084		-	the district's statutory debt limitation.
1085		-	(3) The bonds are issued, in one or more issuances,
1086		-	not later than 5 years after the date of the referendum
1087		-	approving the issuance of the bonds, but the aggregate
1088		-	principal amount issued in all such bond issuances
1089		-	combined must not exceed $150,000,000.
1090		-	(4) The bonds are issued in accordance with this
1091		-	Article.
1092		-	(5) The proceeds of the bonds are used to accomplish
1093		-	only those projects approved by the voters at an election
1094		-	held on or after March 15, 2016.
1095		-
1096		-
1097		-	The debt incurred on any bonds issued under this
1098		-	subsection (p-105) and on any bonds issued to refund or
1099		-	continue to refund such bonds shall not be considered
1100		-	indebtedness for purposes of any statutory debt limitation.
1101		-	Bonds issued under this subsection (p-105) and any bonds
1102		-	issued to refund or continue to refund such bonds must mature
1103		-	within not to exceed 30 years from their date, notwithstanding
1104		-	any other law, including Section 19-3 of this Code, to the
1105		-	contrary.
1106		-	(p-110) In addition to all other authority to issue bonds,
1107		-	Sandoval Community Unit School District 501 may issue bonds
1108		-	with an aggregate principal amount not to exceed $2,000,000,
1109		-	but only if all of the following conditions are met:
1110		-	(1) The voters of the district approved a proposition
1111		-	for the bond issuance at an election held on March 20,
1112		-	2012.
1113		-	(2) Prior to the issuance of the bonds, the school
1114		-	board determines, by resolution, that (i) the building and
1115		-	equipping of a new school building is required because of
1116		-	the age and current condition of the Sandoval Elementary
1117		-	School building and (ii) the issuance of bonds is
1118		-	authorized by a statute that exempts the debt incurred on
1119		-	the bonds from the district's statutory debt limitation.
1120		-	(3) The bonds are issued, in one or more bond
1121		-	issuances, on or before March 19, 2022, but the aggregate
1122		-	principal amount issued in all such bond issuances
1123		-
1124		-
1125		-	combined must not exceed $2,000,000.
1126		-	(4) The bonds are issued in accordance with this
1127		-	Article.
1128		-	(5) The proceeds of the bonds are used to accomplish
1129		-	only those projects approved by the voters at the election
1130		-	held on March 20, 2012.
1131		-	The debt incurred on any bonds issued under this
1132		-	subsection (p-110) and on any bonds issued to refund or
1133		-	continue to refund the bonds shall not be considered
1134		-	indebtedness for purposes of any statutory debt limitation.
1135		-	(p-115) In addition to all other authority to issue bonds,
1136		-	Bureau Valley Community Unit School District 340 may issue
1137		-	bonds with an aggregate principal amount not to exceed
1138		-	$25,000,000, but only if all of the following conditions are
1139		-	met:
1140		-	(1) The voters of the district approve a proposition
1141		-	for the bond issuance at an election held on or after March
1142		-	15, 2016.
1143		-	(2) Prior to the issuances of the bonds, the school
1144		-	board determines, by resolution, that (i) the renovating
1145		-	and equipping of some existing school buildings, the
1146		-	building and equipping of new school buildings, and the
1147		-	demolishing of some existing school buildings are required
1148		-	as a result of the age and condition of existing school
1149		-	buildings and (ii) the issuance of bonds is authorized by
1150		-	a statute that exempts the debt incurred on the bonds from
1151		-
1152		-
1153		-	the district's statutory debt limitation.
1154		-	(3) The bonds are issued, in one or more issuances, on
1155		-	or before July 1, 2021, but the aggregate principal amount
1156		-	issued in all such bond issuances combined must not exceed
1157		-	$25,000,000.
1158		-	(4) The bonds are issued in accordance with this
1159		-	Article.
1160		-	(5) The proceeds of the bonds are used to accomplish
1161		-	only those projects approved by the voters at an election
1162		-	held on or after March 15, 2016.
1163		-	The debt incurred on any bonds issued under this
1164		-	subsection (p-115) shall not be considered indebtedness for
1165		-	purposes of any statutory debt limitation. Bonds issued under
1166		-	this subsection (p-115) must mature within not to exceed 30
1167		-	years from their date, notwithstanding any other law,
1168		-	including Section 19-3 of this Code, to the contrary.
1169		-	(p-120) In addition to all other authority to issue bonds,
1170		-	Paxton-Buckley-Loda Community Unit School District 10 may
1171		-	issue bonds with an aggregate principal amount not to exceed
1172		-	$28,500,000, but only if all the following conditions are met:
1173		-	(1) The voters of the district approve a proposition
1174		-	for the bond issuance at an election held on or after
1175		-	November 8, 2016.
1176		-	(2) Prior to the issuance of the bonds, the school
1177		-	board determines, by resolution, that (i) the projects as
1178		-	described in said proposition, relating to the building
1179		-
1180		-
1181		-	and equipping of one or more school buildings or additions
1182		-	to existing school buildings, are required as a result of
1183		-	the age and condition of the District's existing buildings
1184		-	and (ii) the issuance of bonds is authorized by a statute
1185		-	that exempts the debt incurred on the bonds from the
1186		-	district's statutory debt limitation.
1187		-	(3) The bonds are issued, in one or more issuances,
1188		-	not later than 5 years after the date of the referendum
1189		-	approving the issuance of the bonds, but the aggregate
1190		-	principal amount issued in all such bond issuances
1191		-	combined must not exceed $28,500,000.
1192		-	(4) The bonds are issued in accordance with this
1193		-	Article.
1194		-	(5) The proceeds of the bonds are used to accomplish
1195		-	only those projects approved by the voters at an election
1196		-	held on or after November 8, 2016.
1197		-	The debt incurred on any bonds issued under this
1198		-	subsection (p-120) and on any bonds issued to refund or
1199		-	continue to refund such bonds shall not be considered
1200		-	indebtedness for purposes of any statutory debt limitation.
1201		-	Bonds issued under this subsection (p-120) and any bonds
1202		-	issued to refund or continue to refund such bonds must mature
1203		-	within not to exceed 25 years from their date, notwithstanding
1204		-	any other law, including Section 19-3 of this Code, to the
1205		-	contrary.
1206		-	(p-125) In addition to all other authority to issue bonds,
1207		-
1208		-
1209		-	Hillsboro Community Unit School District 3 may issue bonds
1210		-	with an aggregate principal amount not to exceed $34,500,000,
1211		-	but only if all the following conditions are met:
1212		-	(1) The voters of the district approve a proposition
1213		-	for the bond issuance at an election held on or after March
1214		-	15, 2016.
1215		-	(2) Prior to the issuance of the bonds, the school
1216		-	board determines, by resolution, that (i) altering,
1217		-	repairing, and equipping the high school
1218		-	agricultural/vocational building, demolishing the high
1219		-	school main, cafeteria, and gym buildings, building and
1220		-	equipping a school building, and improving sites are
1221		-	required as a result of the age and condition of the
1222		-	district's existing buildings and (ii) the issuance of
1223		-	bonds is authorized by a statute that exempts the debt
1224		-	incurred on the bonds from the district's statutory debt
1225		-	limitation.
1226		-	(3) The bonds are issued, in one or more issuances,
1227		-	not later than 5 years after the date of the referendum
1228		-	approving the issuance of the bonds, but the aggregate
1229		-	principal amount issued in all such bond issuances
1230		-	combined must not exceed $34,500,000.
1231		-	(4) The bonds are issued in accordance with this
1232		-	Article.
1233		-	(5) The proceeds of the bonds are used to accomplish
1234		-	only those projects approved by the voters at an election
1235		-
1236		-
1237		-	held on or after March 15, 2016.
1238		-	The debt incurred on any bonds issued under this
1239		-	subsection (p-125) and on any bonds issued to refund or
1240		-	continue to refund such bonds shall not be considered
1241		-	indebtedness for purposes of any statutory debt limitation.
1242		-	Bonds issued under this subsection (p-125) and any bonds
1243		-	issued to refund or continue to refund such bonds must mature
1244		-	within not to exceed 25 years from their date, notwithstanding
1245		-	any other law, including Section 19-3 of this Code, to the
1246		-	contrary.
1247		-	(p-130) In addition to all other authority to issue bonds,
1248		-	Waltham Community Consolidated School District 185 may incur
1249		-	indebtedness in an aggregate principal amount not to exceed
1250		-	$9,500,000 to build and equip a new school building and
1251		-	improve the site thereof, but only if all the following
1252		-	conditions are met:
1253		-	(1) A majority of the voters of the district voting on
1254		-	an advisory question voted in favor of the question
1255		-	regarding the use of funding sources to build a new school
1256		-	building without increasing property tax rates at the
1257		-	general election held on November 8, 2016.
1258		-	(2) Prior to incurring the debt, the school board
1259		-	enters into intergovernmental agreements with the City of
1260		-	LaSalle to pledge moneys in a special tax allocation fund
1261		-	associated with tax increment financing districts LaSalle
1262		-	I and LaSalle III and with the Village of Utica to pledge
1263		-
1264		-
1265		-	moneys in a special tax allocation fund associated with
1266		-	tax increment financing district Utica I for the purposes
1267		-	of repaying the debt issued pursuant to this subsection
1268		-	(p-130). Notwithstanding any other provision of law to the
1269		-	contrary, the intergovernmental agreement may extend these
1270		-	tax increment financing districts as necessary to ensure
1271		-	repayment of the debt.
1272		-	(3) Prior to incurring the debt, the school board
1273		-	determines, by resolution, that (i) the building and
1274		-	equipping of a new school building is required as a result
1275		-	of the age and condition of the district's existing
1276		-	buildings and (ii) the debt is authorized by a statute
1277		-	that exempts the debt from the district's statutory debt
1278		-	limitation.
1279		-	(4) The debt is incurred, in one or more issuances,
1280		-	not later than January 1, 2021, and the aggregate
1281		-	principal amount of debt issued in all such issuances
1282		-	combined must not exceed $9,500,000.
1283		-	The debt incurred under this subsection (p-130) and on any
1284		-	bonds issued to pay, refund, or continue to refund such debt
1285		-	shall not be considered indebtedness for purposes of any
1286		-	statutory debt limitation. Debt issued under this subsection
1287		-	(p-130) and any bonds issued to pay, refund, or continue to
1288		-	refund such debt must mature within not to exceed 25 years from
1289		-	their date, notwithstanding any other law, including Section
1290		-	19-11 of this Code and subsection (b) of Section 17 of the
1291		-
1292		-
1293		-	Local Government Debt Reform Act, to the contrary.
1294		-	(p-133) Notwithstanding the provisions of subsection (a)
1295		-	of this Section or of any other law, bonds heretofore or
1296		-	hereafter issued by East Prairie School District 73 with an
1297		-	aggregate principal amount not to exceed $47,353,147 and
1298		-	approved by the voters of the district at the general election
1299		-	held on November 8, 2016, and any bonds issued to refund or
1300		-	continue to refund the bonds, shall not be considered
1301		-	indebtedness for the purposes of any statutory debt limitation
1302		-	and may mature within not to exceed 25 years from their date,
1303		-	notwithstanding any other law, including Section 19-3 of this
1304		-	Code, to the contrary.
1305		-	(p-135) In addition to all other authority to issue bonds,
1306		-	Brookfield LaGrange Park School District Number 95 may issue
1307		-	bonds with an aggregate principal amount not to exceed
1308		-	$20,000,000, but only if all the following conditions are met:
1309		-	(1) The voters of the district approve a proposition
1310		-	for the bond issuance at an election held on or after April
1311		-	4, 2017.
1312		-	(2) Prior to the issuance of the bonds, the school
1313		-	board determines, by resolution, that (i) the additions
1314		-	and renovations to the Brook Park Elementary and S. E.
1315		-	Gross Middle School buildings are required to accommodate
1316		-	enrollment growth, replace outdated facilities, and create
1317		-	spaces consistent with 21st century learning and (ii) the
1318		-	issuance of the bonds is authorized by a statute that
1319		-
1320		-
1321		-	exempts the debt incurred on the bonds from the district's
1322		-	statutory debt limitation.
1323		-	(3) The bonds are issued, in one or more issuances,
1324		-	not later than 5 years after the date of the referendum
1325		-	approving the issuance of the bonds, but the aggregate
1326		-	principal amount issued in all such bond issuances
1327		-	combined must not exceed $20,000,000.
1328		-	(4) The bonds are issued in accordance with this
1329		-	Article.
1330		-	(5) The proceeds of the bonds are used to accomplish
1331		-	only those projects approved by the voters at an election
1332		-	held on or after April 4, 2017.
1333		-	The debt incurred on any bonds issued under this
1334		-	subsection (p-135) and on any bonds issued to refund or
1335		-	continue to refund such bonds shall not be considered
1336		-	indebtedness for purposes of any statutory debt limitation.
1337		-	(p-140) The debt incurred on any bonds issued by Wolf
1338		-	Branch School District 113 under Section 17-2.11 of this Code
1339		-	for the purpose of repairing or replacing all or a portion of a
1340		-	school building that has been damaged by mine subsidence in an
1341		-	aggregate principal amount not to exceed $17,500,000 and on
1342		-	any bonds issued to refund or continue to refund those bonds
1343		-	shall not be considered indebtedness for purposes of any
1344		-	statutory debt limitation and must mature no later than 25
1345		-	years from the date of issuance, notwithstanding any other
1346		-	provision of law to the contrary, including Section 19-3 of
1347		-
1348		-
1349		-	this Code. The maximum allowable amount of debt exempt from
1350		-	statutory debt limitations under this subsection (p-140) shall
1351		-	be reduced by an amount equal to any grants awarded by the
1352		-	State Board of Education or Capital Development Board for the
1353		-	explicit purpose of repairing or reconstructing a school
1354		-	building damaged by mine subsidence.
1355		-	(p-145) In addition to all other authority to issue bonds,
1356		-	Greenview Community Unit School District 200 may issue bonds
1357		-	with an aggregate principal amount not to exceed $3,500,000,
1358		-	but only if all of the following conditions are met:
1359		-	(1) The voters of the district approve a proposition
1360		-	for the bond issuance at an election held on March 17,
1361		-	2020.
1362		-	(2) Prior to the issuance of the bonds, the school
1363		-	board determines, by resolution, that the bonding is
1364		-	necessary for construction and expansion of the district's
1365		-	kindergarten through grade 12 facility.
1366		-	(3) The bonds are issued, in one or more issuances,
1367		-	not later than 5 years after the date of the referendum
1368		-	approving the issuance of the bonds, but the aggregate
1369		-	principal amount issued in all such bond issuances
1370		-	combined must not exceed $3,500,000.
1371		-	(4) The bonds are issued in accordance with this
1372		-	Article.
1373		-	(5) The proceeds of the bonds are used to accomplish
1374		-	only the projects approved by the voters at an election
1375		-
1376		-
1377		-	held on March 17, 2020.
1378		-	The debt incurred on any bonds issued under this
1379		-	subsection (p-145) and on any bonds issued to refund or
1380		-	continue to refund such bonds shall not be considered
1381		-	indebtedness for purposes of any statutory debt limitation.
1382		-	Bonds issued under this subsection (p-145) and any bonds
1383		-	issued to refund or continue to refund such bonds must mature
1384		-	within not to exceed 25 years from their date, notwithstanding
1385		-	any other law, including Section 19-3 of this Code, to the
1386		-	contrary.
1387		-	(p-150) In addition to all other authority to issue bonds,
1388		-	Komarek School District 94 may issue bonds with an aggregate
1389		-	principal amount not to exceed $20,800,000, but only if all of
1390		-	the following conditions are met:
1391		-	(1) The voters of the district approve a proposition
1392		-	for the bond issuance at an election held on or after March
1393		-	17, 2020.
1394		-	(2) Prior to the issuance of the bonds, the school
1395		-	board determines, by resolution, that (i) building and
1396		-	equipping additions to, altering, repairing, equipping, or
1397		-	demolishing a portion of, or improving the site of the
1398		-	district's existing school building is required as a
1399		-	result of the age and condition of the existing building
1400		-	and (ii) the issuance of the bonds is authorized by a
1401		-	statute that exempts the debt incurred on the bonds from
1402		-	the district's statutory debt limitation.
1403		-
1404		-
1405		-	(3) The bonds are issued, in one or more issuances, no
1406		-	later than 5 years after the date of the referendum
1407		-	approving the issuance of the bonds, but the aggregate
1408		-	principal amount issued in all of the bond issuances
1409		-	combined may not exceed $20,800,000.
1410		-	(4) The bonds are issued in accordance with this
1411		-	Article.
1412		-	(5) The proceeds of the bonds are used to accomplish
1413		-	only those projects approved by the voters at an election
1414		-	held on or after March 17, 2020.
1415		-	The debt incurred on any bonds issued under this
1416		-	subsection (p-150) and on any bonds issued to refund or
1417		-	continue to refund those bonds may not be considered
1418		-	indebtedness for purposes of any statutory debt limitation.
1419		-	Notwithstanding any other law to the contrary, including
1420		-	Section 19-3, bonds issued under this subsection (p-150) and
1421		-	any bonds issued to refund or continue to refund those bonds
1422		-	must mature within 30 years from their date of issuance.
1423		-	(p-155) In addition to all other authority to issue bonds,
1424		-	Williamsville Community Unit School District 15 may issue
1425		-	bonds with an aggregate principal amount not to exceed
1426		-	$40,000,000, but only if all of the following conditions are
1427		-	met:
1428		-	(1) The voters of the school district approve a
1429		-	proposition for the bond issuance at an election held on
1430		-	March 17, 2020.
1431		-
1432		-
1433		-	(2) Prior to the issuance of the bonds, the school
1434		-	board determines, by resolution, that the projects set
1435		-	forth in the proposition for the bond issuance were and
1436		-	are required because of the age and condition of the
1437		-	school district's existing school buildings.
1438		-	(3) The bonds are issued, in one or more issuances,
1439		-	not later than 5 years after the date of the referendum
1440		-	approving the issuance of the bonds, but the aggregate
1441		-	principal amount issued in all such bond issuances
1442		-	combined must not exceed $40,000,000.
1443		-	(4) The bonds are issued in accordance with this
1444		-	Article.
1445		-	(5) The proceeds of the bonds are used to accomplish
1446		-	only the projects approved by the voters at an election
1447		-	held on March 17, 2020.
1448		-	The debt incurred on any bonds issued under this
1449		-	subsection (p-155) and on any bonds issued to refund or
1450		-	continue to refund such bonds shall not be considered
1451		-	indebtedness for purposes of any statutory debt limitation.
1452		-	Bonds issued under this subsection (p-155) and any bonds
1453		-	issued to refund or continue to refund such bonds must mature
1454		-	within not to exceed 25 years from their date, notwithstanding
1455		-	any other law, including Section 19-3 of this Code, to the
1456		-	contrary.
1457		-	(p-160) In addition to all other authority to issue bonds,
1458		-	Berkeley School District 87 may issue bonds with an aggregate
1459		-
1460		-
1461		-	principal amount not to exceed $105,000,000, but only if all
1462		-	of the following conditions are met:
1463		-	(1) The voters of the district approve a proposition
1464		-	for the bond issuance at the general primary election held
1465		-	on March 17, 2020.
1466		-	(2) Prior to the issuance of the bonds, the school
1467		-	board determines, by resolution, that (i) building and
1468		-	equipping a school building to replace the Sunnyside
1469		-	Intermediate and MacArthur Middle School buildings;
1470		-	building and equipping additions to and altering,
1471		-	repairing, and equipping the Riley Intermediate and
1472		-	Northlake Middle School buildings; altering, repairing,
1473		-	and equipping the Whittier Primary and Jefferson Primary
1474		-	School buildings; improving sites; renovating
1475		-	instructional spaces; providing STEM (science, technology,
1476		-	engineering, and mathematics) labs; and constructing life
1477		-	safety, security, and infrastructure improvements are
1478		-	required to replace outdated facilities and to provide
1479		-	safe spaces consistent with 21st century learning and (ii)
1480		-	the issuance of bonds is authorized by a statute that
1481		-	exempts the debt incurred on the bonds from the district's
1482		-	statutory debt limitation.
1483		-	(3) The bonds are issued, in one or more issuances,
1484		-	not later than 5 years after the date of the referendum
1485		-	approving the issuance of the bonds, but the aggregate
1486		-	principal amount issued in all such bond issuances
1487		-
1488		-
1489		-	combined must not exceed $105,000,000.
1490		-	(4) The bonds are issued in accordance with this
1491		-	Article.
1492		-	(5) The proceeds of the bonds are used to accomplish
1493		-	only those projects approved by the voters at the general
1494		-	primary election held on March 17, 2020.
1495		-	The debt incurred on any bonds issued under this
1496		-	subsection (p-160) and on any bonds issued to refund or
1497		-	continue to refund such bonds shall not be considered
1498		-	indebtedness for purposes of any statutory debt limitation.
1499		-	(p-165) In addition to all other authority to issue bonds,
1500		-	Elmwood Park Community Unit School District 401 may issue
1501		-	bonds with an aggregate principal amount not to exceed
1502		-	$55,000,000, but only if all of the following conditions are
1503		-	met:
1504		-	(1) The voters of the district approve a proposition
1505		-	for the bond issuance at an election held on or after March
1506		-	17, 2020.
1507		-	(2) Prior to the issuance of the bonds, the school
1508		-	board determines, by resolution, that (i) the building and
1509		-	equipping of an addition to the John Mills Elementary
1510		-	School building; the renovating, altering, repairing, and
1511		-	equipping of the John Mills and Elmwood Elementary School
1512		-	buildings; the installation of safety and security
1513		-	improvements; and the improvement of school sites are
1514		-	required as a result of the age and condition of the
1515		-
1516		-
1517		-	district's existing school buildings and (ii) the issuance
1518		-	of bonds is authorized by a statute that exempts the debt
1519		-	incurred on the bonds from the district's statutory debt
1520		-	limitation.
1521		-	(3) The bonds are issued, in one or more issuances,
1522		-	not later than 5 years after the date of the referendum
1523		-	approving the issuance of the bonds, but the aggregate
1524		-	principal amount issued in all such bond issuances
1525		-	combined must not exceed $55,000,000.
1526		-	(4) The bonds are issued in accordance with this
1527		-	Article.
1528		-	(5) The proceeds of the bonds are used to accomplish
1529		-	only the projects approved by the voters at an election
1530		-	held on or after March 17, 2020.
1531		-	The debt incurred on any bonds issued under this
1532		-	subsection (p-165) and on any bonds issued to refund or
1533		-	continue to refund such bonds shall not be considered
1534		-	indebtedness for purposes of any statutory debt limitation.
1535		-	Bonds issued under this subsection (p-165) and any bonds
1536		-	issued to refund or continue to refund such bonds must mature
1537		-	within not to exceed 25 years from their date, notwithstanding
1538		-	any other law, including Section 19-3 of this Code, to the
1539		-	contrary.
1540		-	(p-170) In addition to all other authority to issue bonds,
1541		-	Maroa-Forsyth Community Unit School District 2 may issue bonds
1542		-	with an aggregate principal amount not to exceed $33,000,000,
1543		-
1544		-
1545		-	but only if all of the following conditions are met:
1546		-	(1) The voters of the school district approve a
1547		-	proposition for the bond issuance at an election held on
1548		-	March 17, 2020.
1549		-	(2) Prior to the issuance of the bonds, the school
1550		-	board determines, by resolution, that the projects set
1551		-	forth in the proposition for the bond issuance were and
1552		-	are required because of the age and condition of the
1553		-	school district's existing school buildings.
1554		-	(3) The bonds are issued, in one or more issuances,
1555		-	not later than 5 years after the date of the referendum
1556		-	approving the issuance of the bonds, but the aggregate
1557		-	principal amount issued in all such bond issuances
1558		-	combined must not exceed $33,000,000.
1559		-	(4) The bonds are issued in accordance with this
1560		-	Article.
1561		-	(5) The proceeds of the bonds are used to accomplish
1562		-	only the projects approved by the voters at an election
1563		-	held on March 17, 2020.
1564		-	The debt incurred on any bonds issued under this
1565		-	subsection (p-170) and on any bonds issued to refund or
1566		-	continue to refund such bonds shall not be considered
1567		-	indebtedness for purposes of any statutory debt limitation.
1568		-	Bonds issued under this subsection (p-170) and any bonds
1569		-	issued to refund or continue to refund such bonds must mature
1570		-	within not to exceed 25 years from their date, notwithstanding
1571		-
1572		-
1573		-	any other law, including Section 19-3 of this Code, to the
1574		-	contrary.
1575		-	(p-175) In addition to all other authority to issue bonds,
1576		-	Schiller Park School District 81 may issue bonds with an
1577		-	aggregate principal amount not to exceed $30,000,000, but only
1578		-	if all of the following conditions are met:
1579		-	(1) The voters of the district approve a proposition
1580		-	for the bond issuance at an election held on or after March
1581		-	17, 2020.
1582		-	(2) Prior to the issuance of the bonds, the school
1583		-	board determines, by resolution, that (i) building and
1584		-	equipping a school building to replace the Washington
1585		-	Elementary School building, installing fire suppression
1586		-	systems, security systems, and federal Americans with
1587		-	Disability Act of 1990 compliance measures, acquiring
1588		-	land, and improving the site are required to accommodate
1589		-	enrollment growth, replace an outdated facility, and
1590		-	create spaces consistent with 21st century learning and
1591		-	(ii) the issuance of bonds is authorized by a statute that
1592		-	exempts the debt incurred on the bonds from the district's
1593		-	statutory debt limitation.
1594		-	(3) The bonds are issued, in one or more issuances,
1595		-	not later than 5 years after the date of the referendum
1596		-	approving the issuance of the bonds, but the aggregate
1597		-	principal amount issued in all such bond issuances
1598		-	combined must not exceed $30,000,000.
1599		-
1600		-
1601		-	(4) The bonds are issued in accordance with this
1602		-	Article.
1603		-	(5) The proceeds of the bonds are used to accomplish
1604		-	only the projects approved by the voters at an election
1605		-	held on or after March 17, 2020.
1606		-	The debt incurred on any bonds issued under this
1607		-	subsection (p-175) and on any bonds issued to refund or
1608		-	continue to refund such bonds shall not be considered
1609		-	indebtedness for purposes of any statutory debt limitation.
1610		-	Bonds issued under this subsection (p-175) and any bonds
1611		-	issued to refund or continue to refund such bonds must mature
1612		-	within not to exceed 27 years from their date, notwithstanding
1613		-	any other law, including Section 19-3 of this Code, to the
1614		-	contrary.
1615		-	(p-180) In addition to all other authority to issue bonds,
1616		-	Iroquois County Community Unit School District 9 may issue
1617		-	bonds with an aggregate principal amount not to exceed
1618		-	$17,125,000, but only if all of the following conditions are
1619		-	met:
1620		-	(1) The voters of the district approve a proposition
1621		-	for the bond issuance at an election held on or after April
1622		-	6, 2021.
1623		-	(2) Prior to the issuance of the bonds, the school
1624		-	board determines, by resolution, that (i) building and
1625		-	equipping a new school building in the City of Watseka;
1626		-	altering, repairing, renovating, and equipping portions of
1627		-
1628		-
1629		-	the existing facilities of the district; and making site
1630		-	improvements is necessary because of the age and condition
1631		-	of the district's existing school facilities and (ii) the
1632		-	issuance of bonds is authorized by a statute that exempts
1633		-	the debt incurred on the bonds from the district's
1634		-	statutory debt limitation.
1635		-	(3) The bonds are issued, in one or more issuances,
1636		-	not later than 5 years after the date of the referendum
1637		-	approving the issuance of the bonds, but the aggregate
1638		-	principal amount issued in all such bond issuances
1639		-	combined must not exceed $17,125,000.
1640		-	(4) The bonds are issued in accordance with this
1641		-	Article.
1642		-	(5) The proceeds of the bonds are used to accomplish
1643		-	only the projects approved by the voters at an election
1644		-	held on or after April 6, 2021.
1645		-	The debt incurred on any bonds issued under this
1646		-	subsection (p-180) and on any bonds issued to refund or
1647		-	continue to refund such bonds shall not be considered
1648		-	indebtedness for purposes of any statutory debt limitation.
1649		-	Bonds issued under this subsection (p-180) and any bonds
1650		-	issued to refund or continue to refund such bonds must mature
1651		-	within not to exceed 25 years from their date, notwithstanding
1652		-	any other law, including Section 19-3 of this Code, to the
1653		-	contrary.
1654		-	(p-185) In addition to all other authority to issue bonds,
1655		-
1656		-
1657		-	Field Community Consolidated School District 3 may issue bonds
1658		-	with an aggregate principal amount not to exceed $2,600,000,
1659		-	but only if all of the following conditions are met:
1660		-	(1) The voters of the district approve a proposition
1661		-	for the bond issuance at an election held on or after April
1662		-	6, 2021.
1663		-	(2) Prior to the issuance of the bonds, the school
1664		-	board determines, by resolution, that (i) it is necessary
1665		-	to alter, repair, renovate, and equip the existing
1666		-	facilities of the district, including, but not limited to,
1667		-	roof replacement, lighting replacement, electrical
1668		-	upgrades, restroom repairs, and gym renovations, and make
1669		-	site improvements because of the age and condition of the
1670		-	district's existing school facilities and (ii) the
1671		-	issuance of bonds is authorized by a statute that exempts
1672		-	the debt incurred on the bonds from the district's
1673		-	statutory debt limitation.
1674		-	(3) The bonds are issued, in one or more issuances,
1675		-	not later than 5 years after the date of the referendum
1676		-	approving the issuance of the bonds, but the aggregate
1677		-	principal amount issued in all such bond issuances
1678		-	combined must not exceed $2,600,000.
1679		-	(4) The bonds are issued in accordance with this
1680		-	Article.
1681		-	(5) The proceeds of the bonds are used to accomplish
1682		-	only the projects approved by the voters at an election
1683		-
1684		-
1685		-	held on or after April 6, 2021.
1686		-	The debt incurred on any bonds issued under this
1687		-	subsection (p-185) and on any bonds issued to refund or
1688		-	continue to refund such bonds shall not be considered
1689		-	indebtedness for purposes of any statutory debt limitation.
1690		-	Bonds issued under this subsection (p-185) and any bonds
1691		-	issued to refund or continue to refund such bonds must mature
1692		-	within not to exceed 25 years from their date, notwithstanding
1693		-	any other law, including Section 19-3 of this Code, to the
1694		-	contrary.
1695		-	(p-190) In addition to all other authority to issue bonds,
1696		-	Mahomet-Seymour Community Unit School District 3 may issue
1697		-	bonds with an aggregate principal amount not to exceed
1698		-	$97,900,000, but only if all the following conditions are met:
1699		-	(1) The voters of the district approve a proposition
1700		-	for the bond issuance at an election held on or after June
1701		-	28, 2022.
1702		-	(2) Prior to the issuance of the bonds, the school
1703		-	board determines, by resolution, that (i) it is necessary
1704		-	to build and equip a new junior high school building,
1705		-	build and equip a new transportation building, and build
1706		-	and equip additions to, renovate, and make site
1707		-	improvements at the Lincoln Trail Elementary building,
1708		-	Middletown Prairie Elementary building, and
1709		-	Mahomet-Seymour High School building and (ii) the issuance
1710		-	of bonds is authorized by a statute that exempts the debt
1711		-
1712		-
1713		-	incurred on the bonds from the district's statutory debt
1714		-	limitation.
1715		-	(3) The bonds are issued, in one or more issuances,
1716		-	not later than 5 years after the date of the referendum
1717		-	approving the issuance of the bonds, but the aggregate
1718		-	principal amount issued in all such bond issuances
1719		-	combined must not exceed $97,900,000.
1720		-	(4) The bonds are issued in accordance with this
1721		-	Article.
1722		-	(5) The proceeds of the bonds are used to accomplish
1723		-	only the projects approved by the voters at an election
1724		-	held on or after June 28, 2022.
1725		-	The debt incurred on any bonds issued under this
1726		-	subsection (p-190) and on any bonds issued to refund or
1727		-	continue to refund such bonds shall not be considered
1728		-	indebtedness for purposes of any statutory debt limitation.
1729		-	Bonds issued under this subsection (p-190) and any bonds
1730		-	issued to refund or continue to refund such bonds must mature
1731		-	within not to exceed 25 years from their date, notwithstanding
1732		-	any other law, including Section 19-3 of this Code, to the
1733		-	contrary.
1734		-	(p-195) In addition to all other authority to issue bonds,
1735		-	New Berlin Community Unit School District 16 may issue bonds
1736		-	with an aggregate principal amount not to exceed $23,500,000,
1737		-	but only if all the following conditions are met:
1738		-	(1) The voters of the district approve a proposition
1739		-
1740		-
1741		-	for the bond issuance at an election held on or after June
1742		-	28, 2022.
1743		-	(2) Prior to the issuance of the bonds, the school
1744		-	board determines, by resolution, that (i) it is necessary
1745		-	to alter, repair, and equip the junior/senior high school
1746		-	building, including creating new classroom, gym, and other
1747		-	instructional spaces, renovating the J.V. Kirby Pretzel
1748		-	Dome, improving heating, cooling, and ventilation systems,
1749		-	installing school safety and security improvements,
1750		-	removing asbestos, and making site improvements, and (ii)
1751		-	the issuance of bonds is authorized by a statute that
1752		-	exempts the debt incurred on the bonds from the district's
1753		-	statutory debt limitation.
1754		-	(3) The bonds are issued, in one or more issuances,
1755		-	not later than 5 years after the date of the referendum
1756		-	approving the issuance of the bonds, but the aggregate
1757		-	principal amount issued in all such bond issuances
1758		-	combined must not exceed $23,500,000.
1759		-	(4) The bonds are issued in accordance with this
1760		-	Article.
1761		-	(5) The proceeds of the bonds are used to accomplish
1762		-	only the projects approved by the voters at an election
1763		-	held on or after June 28, 2022.
1764		-	The debt incurred on any bonds issued under this
1765		-	subsection (p-195) and on any bonds issued to refund or
1766		-	continue to refund such bonds shall not be considered
1767		-
1768		-
1769		-	indebtedness for purposes of any statutory debt limitation.
1770		-	Bonds issued under this subsection (p-195) and any bonds
1771		-	issued to refund or continue to refund such bonds must mature
1772		-	within not to exceed 25 years from their date, notwithstanding
1773		-	any other law, including Section 19-3 of this Code, to the
1774		-	contrary.
1775		-	(p-200) In addition to all other authority to issue bonds,
1776		-	Highland Community Unit School District 5 may issue bonds with
1777		-	an aggregate principal amount not to exceed $40,000,000, but
1778		-	only if all the following conditions are met:
1779		-	(1) The voters of the district approve a proposition
1780		-	for the bond issuance at an election held on or after June
1781		-	28, 2022.
1782		-	(2) Prior to the issuance of the bonds, the school
1783		-	board determines, by resolution, that (i) it is necessary
1784		-	to improve the sites of, build, and equip a new primary
1785		-	school building and build and equip additions to and
1786		-	alter, repair, and equip existing school buildings and
1787		-	(ii) the issuance of bonds is authorized by a statute that
1788		-	exempts the debt incurred on the bonds from the district's
1789		-	statutory debt limitation.
1790		-	(3) The bonds are issued, in one or more issuances,
1791		-	not later than 5 years after the date of the referendum
1792		-	approving the issuance of the bonds, but the aggregate
1793		-	principal amount issued in all such bond issuances
1794		-	combined must not exceed $40,000,000.
1795		-
1796		-
1797		-	(4) The bonds are issued in accordance with this
1798		-	Article.
1799		-	(5) The proceeds of the bonds are used to accomplish
1800		-	only the projects approved by the voters at an election
1801		-	held on or after June 28, 2022.
1802		-	The debt incurred on any bonds issued under this
1803		-	subsection (p-200) and on any bonds issued to refund or
1804		-	continue to refund such bonds shall not be considered
1805		-	indebtedness for purposes of any statutory debt limitation.
1806		-	Bonds issued under this subsection (p-200) and any bonds
1807		-	issued to refund or continue to refund such bonds must mature
1808		-	within not to exceed 25 years from their date, notwithstanding
1809		-	any other law, including Section 19-3 of this Code, to the
1810		-	contrary.
1811		-	(p-205) In addition to all other authority to issue bonds,
1812		-	Sullivan Community Unit School District 300 may issue bonds
1813		-	with an aggregate principal amount not to exceed $25,000,000,
1814		-	but only if all of the following conditions are met:
1815		-	(1) The voters of the district approve a proposition
1816		-	for the bond issuance at an election held on or after June
1817		-	28, 2022.
1818		-	(2) Prior to the issuance of the bonds, the school
1819		-	board determines, by resolution, that (i) the projects set
1820		-	forth in the proposition for the issuance of the bonds are
1821		-	required because of the age, condition, or capacity of the
1822		-	school district's existing school buildings and (ii) the
1823		-
1824		-
1825		-	issuance of bonds is authorized by a statute that exempts
1826		-	the debt incurred on the bonds from the district's
1827		-	statutory debt limitation.
1828		-	(3) The bonds are issued, in one or more issuances,
1829		-	not later than 5 years after the date of the referendum
1830		-	approving the issuance of the bonds, but the aggregate
1831		-	principal amount issued in all such bond issuances
1832		-	combined must not exceed $25,000,000.
1833		-	(4) The bonds are issued in accordance with this
1834		-	Article.
1835		-	(5) The proceeds of the bonds are used to accomplish
1836		-	only the projects approved by the voters at an election
1837		-	held on or after June 28, 2022.
1838		-	The debt incurred on any bonds issued under this
1839		-	subsection (p-205) and on any bonds issued to refund or
1840		-	continue to refund such bonds shall not be considered
1841		-	indebtedness for purposes of any statutory debt limitation.
1842		-	Bonds issued under this subsection (p-205) and any bonds
1843		-	issued to refund or continue to refund such bonds must mature
1844		-	within not to exceed 25 years from their date, notwithstanding
1845		-	any other law, including Section 19-3 of this Code, to the
1846		-	contrary.
1847		-	(p-210) In addition to all other authority to issue bonds,
1848		-	Manhattan School District 114 may issue bonds with an
1849		-	aggregate principal amount not to exceed $85,000,000, but only
1850		-	if all the following conditions are met:
1851		-
1852		-
1853		-	(1) The voters of the district approve a proposition
1854		-	for the bond issuance at an election held on or after June
1855		-	28, 2022.
1856		-	(2) Prior to the issuance of the bonds, the school
1857		-	board determines, by resolution, that the projects set
1858		-	forth in the proposition for the bond issuance were and
1859		-	are required because of the age, condition, or capacity of
1860		-	the school district's existing school buildings.
1861		-	(3) The bonds are issued, in one or more issuances,
1862		-	not later than 5 years after the date of the referendum
1863		-	approving the issuances of the bonds, but the aggregate
1864		-	principal amount issued in all such bond issuances
1865		-	combined must not exceed $85,000,000.
1866		-	(4) The bonds are issued in accordance with this
1867		-	Article.
1868		-	(5) The proceeds of the bonds are used to accomplish
1869		-	only the projects approved by the voters at an election
1870		-	held on or after June 28, 2022.
1871		-	The debt incurred on any bonds issued under this
1872		-	subsection (p-210) and on any bonds issued to refund or
1873		-	continue to refund such bonds shall not be considered
1874		-	indebtedness for purposes of any statutory debt limitation.
1875		-	Bonds issued under this subsection (p-210) and any bonds
1876		-	issued to refund or continue to refund such bonds must mature
1877		-	within not to exceed 30 years from their date, notwithstanding
1878		-	any other law, including Section 19-3 of this Code, to the
1879		-
1880		-
1881		-	contrary.
1882		-	(p-215) In addition to all other authority to issue bonds,
1883		-	Golf Elementary School District 67 may issue bonds with an
1884		-	aggregate principal amount not to exceed $56,000,000, but only
1885		-	if all of the following conditions are met:
1886		-	(1) The voters of the district approve a proposition
1887		-	for the bond issuance at an election held on or after June
1888		-	28, 2022.
1889		-	(2) Prior to the issuance of the bonds, the school
1890		-	board determines, by resolution, that (i) it is necessary
1891		-	to build and equip a new school building and improve the
1892		-	site thereof and (ii) the issuance of bonds is authorized
1893		-	by a statute that exempts the debt incurred on the bonds
1894		-	from the district's statutory debt limitation.
1895		-	(3) The bonds are issued, in one or more issuances,
1896		-	not later than 5 years after the date of the referendum
1897		-	approving the issuance of the bonds, but the aggregate
1898		-	principal amount issued in all such bond issuances
1899		-	combined must not exceed $56,000,000.
1900		-	(4) The bonds are issued in accordance with this
1901		-	Article.
1902		-	(5) The proceeds of the bonds are used to accomplish
1903		-	only the projects approved by the voters at an election
1904		-	held on or after June 28, 2022.
1905		-	The debt incurred on any bonds issued under this
1906		-	subsection (p-215) and on any bonds issued to refund or
1907		-
1908		-
1909		-	continue to refund such bonds shall not be considered
1910		-	indebtedness for purposes of any statutory debt limitation.
1911		-	Bonds issued under this subsection (p-215) and any bonds
1912		-	issued to refund or continue to refund such bonds must mature
1913		-	within not to exceed 25 years from their date, notwithstanding
1914		-	any other law, including Section 19-3 of this Code, to the
1915		-	contrary.
1916		-	(p-220) In addition to all other authority to issue bonds,
1917		-	Joliet Public Schools District 86 may issue bonds with an
1918		-	aggregate principal amount not to exceed $99,500,000, but only
1919		-	if all the following conditions are met:
1920		-	(1) The voters of the district approve a proposition
1921		-	for the bond issuance at an election held on or after April
1922		-	4, 2023.
1923		-	(2) Prior to the issuance of the bonds, the school
1924		-	board determines, by resolution, that the projects set
1925		-	forth in the proposition for the bond issuance were and
1926		-	are required because of the age and condition of the
1927		-	school district's existing school buildings.
1928		-	(3) The bonds are issued, in one or more issuances,
1929		-	not later than 5 years after the date of the referendum
1930		-	approving the issuance of the bonds, but the aggregate
1931		-	principal amount issued in all such bond issuances
1932		-	combined must not exceed $99,500,000.
1933		-	(4) The bonds are issued in accordance with this
1934		-	Article.
1935		-
1936		-
1937		-	(5) The proceeds of the bonds are used to accomplish
1938		-	only the projects approved by the voters at an election
1939		-	held on or after April 4, 2023.
1940		-	The debt incurred on any bonds issued under this
1941		-	subsection (p-220), and on any bonds issued to refund or
1942		-	continue to refund such bonds, shall not be considered
1943		-	indebtedness for purposes of any statutory debt limitation.
1944		-	Bonds issued under this subsection (p-220) and any bonds
1945		-	issued to refund or continue to refund such bonds must mature
1946		-	within not to exceed 25 years from their date, notwithstanding
1947		-	any other law, including Section 19-3 of this Code, to the
1948		-	contrary.
1949		-	(p-225) In addition to all other authority to issue bonds,
1950		-	Union Ridge School District 86 may issue bonds with an
1951		-	aggregate principal amount not to exceed $35,000,000, but only
1952		-	if all the following conditions are met:
1953		-	(1) The voters of the school district approve a
1954		-	proposition for the bond issuance at an election held on
1955		-	or after March 19, 2024.
1956		-	(2) Prior to the issuance of the bonds, the school
1957		-	board determines, by resolution, that the projects set
1958		-	forth in the proposition for the bond issuance were and
1959		-	are required because of the age and condition of the
1960		-	school district's existing school buildings.
1961		-	(3) The bonds are issued, in one or more issuances,
1962		-	not later than 5 years after the date of the referendum
1963		-
1964		-
1965		-	approving the issuance of the bonds, but the aggregate
1966		-	principal amount issued in all such bond issuances
1967		-	combined must not exceed $35,000,000.
1968		-	(4) The bonds are issued in accordance with this
1969		-	Article.
1970		-	(5) The proceeds of the bonds are used to accomplish
1971		-	only the projects approved by the voters at an election
1972		-	held on or after March 19, 2024.
1973		-	The debt incurred on any bonds issued under this
1974		-	subsection (p-225) and on any bonds issued to refund or
1975		-	continue to refund such bonds shall not be considered
1976		-	indebtedness for purposes of any statutory debt limit
1977		-	limitation. Bonds issued under this subsection (p-225) and any
1978		-	bonds issue to refund or continue to refund such bonds must
1979		-	mature within not to exceed 25 years from their date,
1980		-	notwithstanding any other law, including Section 19-3 of this
1981		-	Code, to the contrary.
1982		-	(p-230) In addition to all other authority to issue bonds,
1983		-	Bethel School District 82 may issue bonds with an aggregate
1984		-	principal amount not to exceed $3,975,000, but only if all the
1985		-	following conditions are met:
1986		-	(1) The voters of the school district approve a
1987		-	proposition for the bond issuance at an election held on
1988		-	or after March 19, 2024.
1989		-	(2) Prior to the issuance of the bonds, the school
1990		-	board determines, by resolution, that the projects set
1991		-
1992		-
1993		-	forth in the proposition for the bond issuance were and
1994		-	are required because of the age and condition of the
1995		-	school district's existing school buildings.
1996		-	(3) The bonds are issued, in one or more issuances,
1997		-	not later than 5 years after the date of the referendum
1998		-	approving the issuance of the bonds, but the aggregate
1999		-	principal amount issued in all such bond issuances
2000		-	combined must not exceed $3,975,000.
2001		-	(4) The bonds are issued in accordance with this
2002		-	Article.
2003		-	(5) The proceeds of the bonds are used to accomplish
2004		-	only the projects approved by the voters at an election
2005		-	held on or after March 19, 2024.
2006		-	The debt incurred on any bonds issued under this
2007		-	subsection (p-230) and on any bonds issued to refund or
2008		-	continue to refund such bonds shall not be considered
2009		-	indebtedness for purposes of any statutory debt limit
2010		-	limitation. Bonds issued under this subsection (p-230) and any
2011		-	bonds issue to refund or continue to refund such bonds must
2012		-	mature within not to exceed 25 years from their date,
2013		-	notwithstanding any other law, including Section 19-3 of this
2014		-	Code, to the contrary.
2015		-	(q) A school district must notify the State Board of
2016		-	Education prior to issuing any form of long-term or short-term
2017		-	debt that will result in outstanding debt that exceeds 75% of
2018		-	the debt limit specified in this Section or any other
2019		-
2020		-
2021		-	provision of law.
2022		-	(Source: P.A. 102-316, eff. 8-6-21; 102-949, eff. 5-27-22;
2023		-	103-449, eff. 1-1-24.)
	32	+	SB3348 Enrolled- 2 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 2 - LRB103 37891 RJT 68022 b
	33	+	SB3348 Enrolled - 2 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 2 - LRB103 37891 RJT 68022 b
	66	+
	67	+
	68	+	SB3348 Enrolled- 3 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 3 - LRB103 37891 RJT 68022 b
	69	+	SB3348 Enrolled - 3 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 3 - LRB103 37891 RJT 68022 b
	102	+
	103	+
	104	+	SB3348 Enrolled- 4 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 4 - LRB103 37891 RJT 68022 b
	105	+	SB3348 Enrolled - 4 - LRB103 37891 RJT 68022 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	+
	133	+
	134	+
	135	+
	136	+
	137	+	SB3348 Enrolled - 4 - LRB103 37891 RJT 68022 b
	138	+
	139	+
	140	+	SB3348 Enrolled- 5 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 5 - LRB103 37891 RJT 68022 b
	141	+	SB3348 Enrolled - 5 - LRB103 37891 RJT 68022 b
	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	+
	169	+
	170	+
	171	+
	172	+
	173	+	SB3348 Enrolled - 5 - LRB103 37891 RJT 68022 b
	174	+
	175	+
	176	+	SB3348 Enrolled- 6 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 6 - LRB103 37891 RJT 68022 b
	177	+	SB3348 Enrolled - 6 - LRB103 37891 RJT 68022 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	+
	205	+
	206	+
	207	+
	208	+
	209	+	SB3348 Enrolled - 6 - LRB103 37891 RJT 68022 b
	210	+
	211	+
	212	+	SB3348 Enrolled- 7 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 7 - LRB103 37891 RJT 68022 b
	213	+	SB3348 Enrolled - 7 - LRB103 37891 RJT 68022 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	+
	245	+	SB3348 Enrolled - 7 - LRB103 37891 RJT 68022 b
	246	+
	247	+
	248	+	SB3348 Enrolled- 8 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 8 - LRB103 37891 RJT 68022 b
	249	+	SB3348 Enrolled - 8 - LRB103 37891 RJT 68022 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	+
	279	+
	280	+
	281	+	SB3348 Enrolled - 8 - LRB103 37891 RJT 68022 b
	282	+
	283	+
	284	+	SB3348 Enrolled- 9 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 9 - LRB103 37891 RJT 68022 b
	285	+	SB3348 Enrolled - 9 - LRB103 37891 RJT 68022 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	+
	314	+
	315	+
	316	+
	317	+	SB3348 Enrolled - 9 - LRB103 37891 RJT 68022 b
	318	+
	319	+
	320	+	SB3348 Enrolled- 10 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 10 - LRB103 37891 RJT 68022 b
	321	+	SB3348 Enrolled - 10 - LRB103 37891 RJT 68022 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	+
	352	+
	353	+	SB3348 Enrolled - 10 - LRB103 37891 RJT 68022 b
	354	+
	355	+
	356	+	SB3348 Enrolled- 11 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 11 - LRB103 37891 RJT 68022 b
	357	+	SB3348 Enrolled - 11 - LRB103 37891 RJT 68022 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	+
	389	+	SB3348 Enrolled - 11 - LRB103 37891 RJT 68022 b
	390	+
	391	+
	392	+	SB3348 Enrolled- 12 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 12 - LRB103 37891 RJT 68022 b
	393	+	SB3348 Enrolled - 12 - LRB103 37891 RJT 68022 b
	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	+
	421	+
	422	+
	423	+
	424	+
	425	+	SB3348 Enrolled - 12 - LRB103 37891 RJT 68022 b
	426	+
	427	+
	428	+	SB3348 Enrolled- 13 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 13 - LRB103 37891 RJT 68022 b
	429	+	SB3348 Enrolled - 13 - LRB103 37891 RJT 68022 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	+
	459	+
	460	+
	461	+	SB3348 Enrolled - 13 - LRB103 37891 RJT 68022 b
	462	+
	463	+
	464	+	SB3348 Enrolled- 14 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 14 - LRB103 37891 RJT 68022 b
	465	+	SB3348 Enrolled - 14 - LRB103 37891 RJT 68022 b
	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	+
	497	+	SB3348 Enrolled - 14 - LRB103 37891 RJT 68022 b
	498	+
	499	+
	500	+	SB3348 Enrolled- 15 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 15 - LRB103 37891 RJT 68022 b
	501	+	SB3348 Enrolled - 15 - LRB103 37891 RJT 68022 b
	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	+
	532	+
	533	+	SB3348 Enrolled - 15 - LRB103 37891 RJT 68022 b
	534	+
	535	+
	536	+	SB3348 Enrolled- 16 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 16 - LRB103 37891 RJT 68022 b
	537	+	SB3348 Enrolled - 16 - LRB103 37891 RJT 68022 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	+
	569	+	SB3348 Enrolled - 16 - LRB103 37891 RJT 68022 b
	570	+
	571	+
	572	+	SB3348 Enrolled- 17 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 17 - LRB103 37891 RJT 68022 b
	573	+	SB3348 Enrolled - 17 - LRB103 37891 RJT 68022 b
	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	+	SB3348 Enrolled - 17 - LRB103 37891 RJT 68022 b
	606	+
	607	+
	608	+	SB3348 Enrolled- 18 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 18 - LRB103 37891 RJT 68022 b
	609	+	SB3348 Enrolled - 18 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 18 - LRB103 37891 RJT 68022 b
	642	+
	643	+
	644	+	SB3348 Enrolled- 19 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 19 - LRB103 37891 RJT 68022 b
	645	+	SB3348 Enrolled - 19 - LRB103 37891 RJT 68022 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.
	661	+	16 (iii) Voters of the district approve a proposition for
	662	+	17 the issuance of the bonds at a regularly scheduled
	663	+	18 election.
	664	+	19 (iv) At the time of the sale of the bonds, the school
	665	+	20 board determines by resolution that the new buildings or
	666	+	21 building additions are needed because of an increase in
	667	+	22 enrollment projected by the school board.
	668	+	23 (v) The principal amount of the bonds, including
	669	+	24 existing indebtedness, does not exceed 25% of the
	670	+	25 equalized assessed value of the taxable property in the
	671	+	26 district.
	672	+
	673	+
	674	+
	675	+
	676	+
	677	+	SB3348 Enrolled - 19 - LRB103 37891 RJT 68022 b
	678	+
	679	+
	680	+	SB3348 Enrolled- 20 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 20 - LRB103 37891 RJT 68022 b
	681	+	SB3348 Enrolled - 20 - LRB103 37891 RJT 68022 b
	682	+	1 (vi) The bonds are issued prior to January 1, 2007,
	683	+	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	+	SB3348 Enrolled - 20 - LRB103 37891 RJT 68022 b
	714	+
	715	+
	716	+	SB3348 Enrolled- 21 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 21 - LRB103 37891 RJT 68022 b
	717	+	SB3348 Enrolled - 21 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 21 - LRB103 37891 RJT 68022 b
	750	+
	751	+
	752	+	SB3348 Enrolled- 22 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 22 - LRB103 37891 RJT 68022 b
	753	+	SB3348 Enrolled - 22 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 22 - LRB103 37891 RJT 68022 b
	786	+
	787	+
	788	+	SB3348 Enrolled- 23 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 23 - LRB103 37891 RJT 68022 b
	789	+	SB3348 Enrolled - 23 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 23 - LRB103 37891 RJT 68022 b
	822	+
	823	+
	824	+	SB3348 Enrolled- 24 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 24 - LRB103 37891 RJT 68022 b
	825	+	SB3348 Enrolled - 24 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 24 - LRB103 37891 RJT 68022 b
	858	+
	859	+
	860	+	SB3348 Enrolled- 25 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 25 - LRB103 37891 RJT 68022 b
	861	+	SB3348 Enrolled - 25 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 25 - LRB103 37891 RJT 68022 b
	894	+
	895	+
	896	+	SB3348 Enrolled- 26 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 26 - LRB103 37891 RJT 68022 b
	897	+	SB3348 Enrolled - 26 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 26 - LRB103 37891 RJT 68022 b
	930	+
	931	+
	932	+	SB3348 Enrolled- 27 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 27 - LRB103 37891 RJT 68022 b
	933	+	SB3348 Enrolled - 27 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 27 - LRB103 37891 RJT 68022 b
	966	+
	967	+
	968	+	SB3348 Enrolled- 28 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 28 - LRB103 37891 RJT 68022 b
	969	+	SB3348 Enrolled - 28 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 28 - LRB103 37891 RJT 68022 b
	1002	+
	1003	+
	1004	+	SB3348 Enrolled- 29 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 29 - LRB103 37891 RJT 68022 b
	1005	+	SB3348 Enrolled - 29 - LRB103 37891 RJT 68022 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
	1028	+	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
	1030	+	25 met:
	1031	+	26 (1) The proceeds of the bonds are used to accomplish
	1032	+
	1033	+
	1034	+
	1035	+
	1036	+
	1037	+	SB3348 Enrolled - 29 - LRB103 37891 RJT 68022 b
	1038	+
	1039	+
	1040	+	SB3348 Enrolled- 30 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 30 - LRB103 37891 RJT 68022 b
	1041	+	SB3348 Enrolled - 30 - LRB103 37891 RJT 68022 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
	1057	+	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	+	SB3348 Enrolled - 30 - LRB103 37891 RJT 68022 b
	1074	+
	1075	+
	1076	+	SB3348 Enrolled- 31 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 31 - LRB103 37891 RJT 68022 b
	1077	+	SB3348 Enrolled - 31 - LRB103 37891 RJT 68022 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
	1089	+	12 incurred on the bonds from the district's statutory debt
	1090	+	13 limitation.
	1091	+	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.
	1095	+	18 (4) The bonds are issued in accordance with this
	1096	+	19 Article.
	1097	+	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.
	1100	+	23 The debt incurred on any bonds issued under this
	1101	+	24 subsection (p-65) shall not be considered indebtedness for
	1102	+	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	+	SB3348 Enrolled - 31 - LRB103 37891 RJT 68022 b
	1110	+
	1111	+
	1112	+	SB3348 Enrolled- 32 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 32 - LRB103 37891 RJT 68022 b
	1113	+	SB3348 Enrolled - 32 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 32 - LRB103 37891 RJT 68022 b
	1146	+
	1147	+
	1148	+	SB3348 Enrolled- 33 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 33 - LRB103 37891 RJT 68022 b
	1149	+	SB3348 Enrolled - 33 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 33 - LRB103 37891 RJT 68022 b
	1182	+
	1183	+
	1184	+	SB3348 Enrolled- 34 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 34 - LRB103 37891 RJT 68022 b
	1185	+	SB3348 Enrolled - 34 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 34 - LRB103 37891 RJT 68022 b
	1218	+
	1219	+
	1220	+	SB3348 Enrolled- 35 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 35 - LRB103 37891 RJT 68022 b
	1221	+	SB3348 Enrolled - 35 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 35 - LRB103 37891 RJT 68022 b
	1254	+
	1255	+
	1256	+	SB3348 Enrolled- 36 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 36 - LRB103 37891 RJT 68022 b
	1257	+	SB3348 Enrolled - 36 - LRB103 37891 RJT 68022 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.
	1262	+	5 (3) The bonds are issued, in one or more bond
	1263	+	6 issuances, on or before April 1, 2014, but the aggregate
	1264	+	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	+	SB3348 Enrolled - 36 - LRB103 37891 RJT 68022 b
	1290	+
	1291	+
	1292	+	SB3348 Enrolled- 37 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 37 - LRB103 37891 RJT 68022 b
	1293	+	SB3348 Enrolled - 37 - LRB103 37891 RJT 68022 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.
	1302	+	9 (4) The bonds are issued in accordance with this
	1303	+	10 Article.
	1304	+	11 (5) The proceeds of the bonds are used to accomplish
	1305	+	12 only those projects approved by the voters at an election
	1306	+	13 held on or after November 4, 2014.
	1307	+	14 The debt incurred on any bonds issued under this
	1308	+	15 subsection (p-95) shall not be considered indebtedness for
	1309	+	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	+	SB3348 Enrolled - 37 - LRB103 37891 RJT 68022 b
	1326	+
	1327	+
	1328	+	SB3348 Enrolled- 38 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 38 - LRB103 37891 RJT 68022 b
	1329	+	SB3348 Enrolled - 38 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 38 - LRB103 37891 RJT 68022 b
	1362	+
	1363	+
	1364	+	SB3348 Enrolled- 39 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 39 - LRB103 37891 RJT 68022 b
	1365	+	SB3348 Enrolled - 39 - LRB103 37891 RJT 68022 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.
	1382	+	17 (3) The bonds are issued, in one or more issuances,
	1383	+	18 not later than 5 years after the date of the referendum
	1384	+	19 approving the issuance of the bonds, but the aggregate
	1385	+	20 principal amount issued in all such bond issuances
	1386	+	21 combined must not exceed $150,000,000.
	1387	+	22 (4) The bonds are issued in accordance with this
	1388	+	23 Article.
	1389	+	24 (5) The proceeds of the bonds are used to accomplish
	1390	+	25 only those projects approved by the voters at an election
	1391	+	26 held on or after March 15, 2016.
	1392	+
	1393	+
	1394	+
	1395	+
	1396	+
	1397	+	SB3348 Enrolled - 39 - LRB103 37891 RJT 68022 b
	1398	+
	1399	+
	1400	+	SB3348 Enrolled- 40 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 40 - LRB103 37891 RJT 68022 b
	1401	+	SB3348 Enrolled - 40 - LRB103 37891 RJT 68022 b
	1402	+	1 The debt incurred on any bonds issued under this
	1403	+	2 subsection (p-105) and on any bonds issued to refund or
	1404	+	3 continue to refund such bonds shall not be considered
	1405	+	4 indebtedness for purposes of any statutory debt limitation.
	1406	+	5 Bonds issued under this subsection (p-105) and any bonds
	1407	+	6 issued to refund or continue to refund such bonds must mature
	1408	+	7 within not to exceed 30 years from their date, notwithstanding
	1409	+	8 any other law, including Section 19-3 of this Code, to the
	1410	+	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.
	1418	+	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	+	SB3348 Enrolled - 40 - LRB103 37891 RJT 68022 b
	1434	+
	1435	+
	1436	+	SB3348 Enrolled- 41 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 41 - LRB103 37891 RJT 68022 b
	1437	+	SB3348 Enrolled - 41 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 41 - LRB103 37891 RJT 68022 b
	1470	+
	1471	+
	1472	+	SB3348 Enrolled- 42 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 42 - LRB103 37891 RJT 68022 b
	1473	+	SB3348 Enrolled - 42 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 42 - LRB103 37891 RJT 68022 b
	1506	+
	1507	+
	1508	+	SB3348 Enrolled- 43 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 43 - LRB103 37891 RJT 68022 b
	1509	+	SB3348 Enrolled - 43 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 43 - LRB103 37891 RJT 68022 b
	1542	+
	1543	+
	1544	+	SB3348 Enrolled- 44 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 44 - LRB103 37891 RJT 68022 b
	1545	+	SB3348 Enrolled - 44 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 44 - LRB103 37891 RJT 68022 b
	1578	+
	1579	+
	1580	+	SB3348 Enrolled- 45 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 45 - LRB103 37891 RJT 68022 b
	1581	+	SB3348 Enrolled - 45 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 45 - LRB103 37891 RJT 68022 b
	1614	+
	1615	+
	1616	+	SB3348 Enrolled- 46 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 46 - LRB103 37891 RJT 68022 b
	1617	+	SB3348 Enrolled - 46 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 46 - LRB103 37891 RJT 68022 b
	1650	+
	1651	+
	1652	+	SB3348 Enrolled- 47 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 47 - LRB103 37891 RJT 68022 b
	1653	+	SB3348 Enrolled - 47 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 47 - LRB103 37891 RJT 68022 b
	1686	+
	1687	+
	1688	+	SB3348 Enrolled- 48 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 48 - LRB103 37891 RJT 68022 b
	1689	+	SB3348 Enrolled - 48 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 48 - LRB103 37891 RJT 68022 b
	1722	+
	1723	+
	1724	+	SB3348 Enrolled- 49 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 49 - LRB103 37891 RJT 68022 b
	1725	+	SB3348 Enrolled - 49 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 49 - LRB103 37891 RJT 68022 b
	1758	+
	1759	+
	1760	+	SB3348 Enrolled- 50 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 50 - LRB103 37891 RJT 68022 b
	1761	+	SB3348 Enrolled - 50 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 50 - LRB103 37891 RJT 68022 b
	1794	+
	1795	+
	1796	+	SB3348 Enrolled- 51 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 51 - LRB103 37891 RJT 68022 b
	1797	+	SB3348 Enrolled - 51 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 51 - LRB103 37891 RJT 68022 b
	1830	+
	1831	+
	1832	+	SB3348 Enrolled- 52 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 52 - LRB103 37891 RJT 68022 b
	1833	+	SB3348 Enrolled - 52 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 52 - LRB103 37891 RJT 68022 b
	1866	+
	1867	+
	1868	+	SB3348 Enrolled- 53 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 53 - LRB103 37891 RJT 68022 b
	1869	+	SB3348 Enrolled - 53 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 53 - LRB103 37891 RJT 68022 b
	1902	+
	1903	+
	1904	+	SB3348 Enrolled- 54 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 54 - LRB103 37891 RJT 68022 b
	1905	+	SB3348 Enrolled - 54 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 54 - LRB103 37891 RJT 68022 b
	1938	+
	1939	+
	1940	+	SB3348 Enrolled- 55 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 55 - LRB103 37891 RJT 68022 b
	1941	+	SB3348 Enrolled - 55 - LRB103 37891 RJT 68022 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.
	1946	+	5 (3) The bonds are issued, in one or more issuances,
	1947	+	6 not later than 5 years after the date of the referendum
	1948	+	7 approving the issuance of the bonds, but the aggregate
	1949	+	8 principal amount issued in all such bond issuances
	1950	+	9 combined must not exceed $55,000,000.
	1951	+	10 (4) The bonds are issued in accordance with this
	1952	+	11 Article.
	1953	+	12 (5) The proceeds of the bonds are used to accomplish
	1954	+	13 only the projects approved by the voters at an election
	1955	+	14 held on or after March 17, 2020.
	1956	+	15 The debt incurred on any bonds issued under this
	1957	+	16 subsection (p-165) and on any bonds issued to refund or
	1958	+	17 continue to refund such bonds shall not be considered
	1959	+	18 indebtedness for purposes of any statutory debt limitation.
	1960	+	19 Bonds issued under this subsection (p-165) and any bonds
	1961	+	20 issued to refund or continue to refund such bonds must mature
	1962	+	21 within not to exceed 25 years from their date, notwithstanding
	1963	+	22 any other law, including Section 19-3 of this Code, to the
	1964	+	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	+	SB3348 Enrolled - 55 - LRB103 37891 RJT 68022 b
	1974	+
	1975	+
	1976	+	SB3348 Enrolled- 56 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 56 - LRB103 37891 RJT 68022 b
	1977	+	SB3348 Enrolled - 56 - LRB103 37891 RJT 68022 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.
	1982	+	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	+	SB3348 Enrolled - 56 - LRB103 37891 RJT 68022 b
	2010	+
	2011	+
	2012	+	SB3348 Enrolled- 57 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 57 - LRB103 37891 RJT 68022 b
	2013	+	SB3348 Enrolled - 57 - LRB103 37891 RJT 68022 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
	2033	+	20 exempts the debt incurred on the bonds from the district's
	2034	+	21 statutory debt limitation.
	2035	+	22 (3) The bonds are issued, in one or more issuances,
	2036	+	23 not later than 5 years after the date of the referendum
	2037	+	24 approving the issuance of the bonds, but the aggregate
	2038	+	25 principal amount issued in all such bond issuances
	2039	+	26 combined must not exceed $30,000,000.
	2040	+
	2041	+
	2042	+
	2043	+
	2044	+
	2045	+	SB3348 Enrolled - 57 - LRB103 37891 RJT 68022 b
	2046	+
	2047	+
	2048	+	SB3348 Enrolled- 58 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 58 - LRB103 37891 RJT 68022 b
	2049	+	SB3348 Enrolled - 58 - LRB103 37891 RJT 68022 b
	2050	+	1 (4) The bonds are issued in accordance with this
	2051	+	2 Article.
	2052	+	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.
	2055	+	6 The debt incurred on any bonds issued under this
	2056	+	7 subsection (p-175) and on any bonds issued to refund or
	2057	+	8 continue to refund such bonds shall not be considered
	2058	+	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	+	SB3348 Enrolled - 58 - LRB103 37891 RJT 68022 b
	2082	+
	2083	+
	2084	+	SB3348 Enrolled- 59 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 59 - LRB103 37891 RJT 68022 b
	2085	+	SB3348 Enrolled - 59 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 59 - LRB103 37891 RJT 68022 b
	2118	+
	2119	+
	2120	+	SB3348 Enrolled- 60 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 60 - LRB103 37891 RJT 68022 b
	2121	+	SB3348 Enrolled - 60 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 60 - LRB103 37891 RJT 68022 b
	2154	+
	2155	+
	2156	+	SB3348 Enrolled- 61 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 61 - LRB103 37891 RJT 68022 b
	2157	+	SB3348 Enrolled - 61 - LRB103 37891 RJT 68022 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:
	2172	+	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.
	2175	+	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	+	SB3348 Enrolled - 61 - LRB103 37891 RJT 68022 b
	2190	+
	2191	+
	2192	+	SB3348 Enrolled- 62 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 62 - LRB103 37891 RJT 68022 b
	2193	+	SB3348 Enrolled - 62 - LRB103 37891 RJT 68022 b
	2194	+	1 incurred on the bonds from the district's statutory debt
	2195	+	2 limitation.
	2196	+	3 (3) The bonds are issued, in one or more issuances,
	2197	+	4 not later than 5 years after the date of the referendum
	2198	+	5 approving the issuance of the bonds, but the aggregate
	2199	+	6 principal amount issued in all such bond issuances
	2200	+	7 combined must not exceed $97,900,000.
	2201	+	8 (4) The bonds are issued in accordance with this
	2202	+	9 Article.
	2203	+	10 (5) The proceeds of the bonds are used to accomplish
	2204	+	11 only the projects approved by the voters at an election
	2205	+	12 held on or after June 28, 2022.
	2206	+	13 The debt incurred on any bonds issued under this
	2207	+	14 subsection (p-190) and on any bonds issued to refund or
	2208	+	15 continue to refund such bonds shall not be considered
	2209	+	16 indebtedness for purposes of any statutory debt limitation.
	2210	+	17 Bonds issued under this subsection (p-190) and any bonds
	2211	+	18 issued to refund or continue to refund such bonds must mature
	2212	+	19 within not to exceed 25 years from their date, notwithstanding
	2213	+	20 any other law, including Section 19-3 of this Code, to the
	2214	+	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:
	2219	+	26 (1) The voters of the district approve a proposition
	2220	+
	2221	+
	2222	+
	2223	+
	2224	+
	2225	+	SB3348 Enrolled - 62 - LRB103 37891 RJT 68022 b
	2226	+
	2227	+
	2228	+	SB3348 Enrolled- 63 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 63 - LRB103 37891 RJT 68022 b
	2229	+	SB3348 Enrolled - 63 - LRB103 37891 RJT 68022 b
	2230	+	1 for the bond issuance at an election held on or after June
	2231	+	2 28, 2022.
	2232	+	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.
	2243	+	14 (3) The bonds are issued, in one or more issuances,
	2244	+	15 not later than 5 years after the date of the referendum
	2245	+	16 approving the issuance of the bonds, but the aggregate
	2246	+	17 principal amount issued in all such bond issuances
	2247	+	18 combined must not exceed $23,500,000.
	2248	+	19 (4) The bonds are issued in accordance with this
	2249	+	20 Article.
	2250	+	21 (5) The proceeds of the bonds are used to accomplish
	2251	+	22 only the projects approved by the voters at an election
	2252	+	23 held on or after June 28, 2022.
	2253	+	24 The debt incurred on any bonds issued under this
	2254	+	25 subsection (p-195) and on any bonds issued to refund or
	2255	+	26 continue to refund such bonds shall not be considered
	2256	+
	2257	+
	2258	+
	2259	+
	2260	+
	2261	+	SB3348 Enrolled - 63 - LRB103 37891 RJT 68022 b
	2262	+
	2263	+
	2264	+	SB3348 Enrolled- 64 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 64 - LRB103 37891 RJT 68022 b
	2265	+	SB3348 Enrolled - 64 - LRB103 37891 RJT 68022 b
	2266	+	1 indebtedness for purposes of any statutory debt limitation.
	2267	+	2 Bonds issued under this subsection (p-195) and any bonds
	2268	+	3 issued to refund or continue to refund such bonds must mature
	2269	+	4 within not to exceed 25 years from their date, notwithstanding
	2270	+	5 any other law, including Section 19-3 of this Code, to the
	2271	+	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	+	SB3348 Enrolled - 64 - LRB103 37891 RJT 68022 b
	2298	+
	2299	+
	2300	+	SB3348 Enrolled- 65 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 65 - LRB103 37891 RJT 68022 b
	2301	+	SB3348 Enrolled - 65 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 65 - LRB103 37891 RJT 68022 b
	2334	+
	2335	+
	2336	+	SB3348 Enrolled- 66 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 66 - LRB103 37891 RJT 68022 b
	2337	+	SB3348 Enrolled - 66 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 66 - LRB103 37891 RJT 68022 b
	2370	+
	2371	+
	2372	+	SB3348 Enrolled- 67 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 67 - LRB103 37891 RJT 68022 b
	2373	+	SB3348 Enrolled - 67 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 67 - LRB103 37891 RJT 68022 b
	2406	+
	2407	+
	2408	+	SB3348 Enrolled- 68 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 68 - LRB103 37891 RJT 68022 b
	2409	+	SB3348 Enrolled - 68 - LRB103 37891 RJT 68022 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	+	SB3348 Enrolled - 68 - LRB103 37891 RJT 68022 b
	2442	+
	2443	+
	2444	+	SB3348 Enrolled- 69 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 69 - LRB103 37891 RJT 68022 b
	2445	+	SB3348 Enrolled - 69 - LRB103 37891 RJT 68022 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) In addition to all other authority to issue bonds,
	2454	+	9 Joliet Public Schools District 86 may issue bonds with an
	2455	+	10 aggregate principal amount not to exceed $99,500,000, but only
	2456	+	11 if all the following conditions are met:
	2457	+	12 (1) The voters of the district approve a proposition
	2458	+	13 for the bond issuance at an election held on or after April
	2459	+	14 4, 2023.
	2460	+	15 (2) Prior to the issuance of the bonds, the school
	2461	+	16 board determines, by resolution, that the projects set
	2462	+	17 forth in the proposition for the bond issuance were and
	2463	+	18 are required because of the age and condition of the
	2464	+	19 school district's existing school buildings.
	2465	+	20 (3) The bonds are issued, in one or more issuances,
	2466	+	21 not later than 5 years after the date of the referendum
	2467	+	22 approving the issuance of the bonds, but the aggregate
	2468	+	23 principal amount issued in all such bond issuances
	2469	+	24 combined must not exceed $99,500,000.
	2470	+	25 (4) The bonds are issued in accordance with this
	2471	+	26 Article.
	2472	+
	2473	+
	2474	+
	2475	+
	2476	+
	2477	+	SB3348 Enrolled - 69 - LRB103 37891 RJT 68022 b
	2478	+
	2479	+
	2480	+	SB3348 Enrolled- 70 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 70 - LRB103 37891 RJT 68022 b
	2481	+	SB3348 Enrolled - 70 - LRB103 37891 RJT 68022 b
	2482	+	1 (5) The proceeds of the bonds are used to accomplish
	2483	+	2 only the projects approved by the voters at an election
	2484	+	3 held on or after April 4, 2023.
	2485	+	4 The debt incurred on any bonds issued under this
	2486	+	5 subsection (p-220), and on any bonds issued to refund or
	2487	+	6 continue to refund such bonds, shall not be considered
	2488	+	7 indebtedness for purposes of any statutory debt limitation.
	2489	+	8 Bonds issued under this subsection (p-220) and any bonds
	2490	+	9 issued to refund or continue to refund such bonds must mature
	2491	+	10 within not to exceed 25 years from their date, notwithstanding
	2492	+	11 any other law, including Section 19-3 of this Code, to the
	2493	+	12 contrary.
	2494	+	13 (p-225) In addition to all other authority to issue bonds,
	2495	+	14 Union Ridge School District 86 may issue bonds with an
	2496	+	15 aggregate principal amount not to exceed $35,000,000, but only
	2497	+	16 if all the following conditions are met:
	2498	+	17 (1) The voters of the school district approve a
	2499	+	18 proposition for the bond issuance at an election held on
	2500	+	19 or after March 19, 2024.
	2501	+	20 (2) Prior to the issuance of the bonds, the school
	2502	+	21 board determines, by resolution, that the projects set
	2503	+	22 forth in the proposition for the bond issuance were and
	2504	+	23 are required because of the age and condition of the
	2505	+	24 school district's existing school buildings.
	2506	+	25 (3) The bonds are issued, in one or more issuances,
	2507	+	26 not later than 5 years after the date of the referendum
	2508	+
	2509	+
	2510	+
	2511	+
	2512	+
	2513	+	SB3348 Enrolled - 70 - LRB103 37891 RJT 68022 b
	2514	+
	2515	+
	2516	+	SB3348 Enrolled- 71 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 71 - LRB103 37891 RJT 68022 b
	2517	+	SB3348 Enrolled - 71 - LRB103 37891 RJT 68022 b
	2518	+	1 approving the issuance of the bonds, but the aggregate
	2519	+	2 principal amount issued in all such bond issuances
	2520	+	3 combined must not exceed $35,000,000.
	2521	+	4 (4) The bonds are issued in accordance with this
	2522	+	5 Article.
	2523	+	6 (5) The proceeds of the bonds are used to accomplish
	2524	+	7 only the projects approved by the voters at an election
	2525	+	8 held on or after March 19, 2024.
	2526	+	9 The debt incurred on any bonds issued under this
	2527	+	10 subsection (p-225) and on any bonds issued to refund or
	2528	+	11 continue to refund such bonds shall not be considered
	2529	+	12 indebtedness for purposes of any statutory debt limit
	2530	+	13 limitation. Bonds issued under this subsection (p-225) and any
	2531	+	14 bonds issue to refund or continue to refund such bonds must
	2532	+	15 mature within not to exceed 25 years from their date,
	2533	+	16 notwithstanding any other law, including Section 19-3 of this
	2534	+	17 Code, to the contrary.
	2535	+	18 (p-230) In addition to all other authority to issue bonds,
	2536	+	19 Bethel School District 82 may issue bonds with an aggregate
	2537	+	20 principal amount not to exceed $3,975,000, but only if all the
	2538	+	21 following conditions are met:
	2539	+	22 (1) The voters of the school district approve a
	2540	+	23 proposition for the bond issuance at an election held on
	2541	+	24 or after March 19, 2024.
	2542	+	25 (2) Prior to the issuance of the bonds, the school
	2543	+	26 board determines, by resolution, that the projects set
	2544	+
	2545	+
	2546	+
	2547	+
	2548	+
	2549	+	SB3348 Enrolled - 71 - LRB103 37891 RJT 68022 b
	2550	+
	2551	+
	2552	+	SB3348 Enrolled- 72 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 72 - LRB103 37891 RJT 68022 b
	2553	+	SB3348 Enrolled - 72 - LRB103 37891 RJT 68022 b
	2554	+	1 forth in the proposition for the bond issuance were and
	2555	+	2 are required because of the age and condition of the
	2556	+	3 school district's existing school buildings.
	2557	+	4 (3) The bonds are issued, in one or more issuances,
	2558	+	5 not later than 5 years after the date of the referendum
	2559	+	6 approving the issuance of the bonds, but the aggregate
	2560	+	7 principal amount issued in all such bond issuances
	2561	+	8 combined must not exceed $3,975,000.
	2562	+	9 (4) The bonds are issued in accordance with this
	2563	+	10 Article.
	2564	+	11 (5) The proceeds of the bonds are used to accomplish
	2565	+	12 only the projects approved by the voters at an election
	2566	+	13 held on or after March 19, 2024.
	2567	+	14 The debt incurred on any bonds issued under this
	2568	+	15 subsection (p-230) and on any bonds issued to refund or
	2569	+	16 continue to refund such bonds shall not be considered
	2570	+	17 indebtedness for purposes of any statutory debt limit
	2571	+	18 limitation. Bonds issued under this subsection (p-230) and any
	2572	+	19 bonds issue to refund or continue to refund such bonds must
	2573	+	20 mature within not to exceed 25 years from their date,
	2574	+	21 notwithstanding any other law, including Section 19-3 of this
	2575	+	22 Code, to the contrary.
	2576	+	23 (q) A school district must notify the State Board of
	2577	+	24 Education prior to issuing any form of long-term or short-term
	2578	+	25 debt that will result in outstanding debt that exceeds 75% of
	2579	+	26 the debt limit specified in this Section or any other
	2580	+
	2581	+
	2582	+
	2583	+
	2584	+
	2585	+	SB3348 Enrolled - 72 - LRB103 37891 RJT 68022 b
	2586	+
	2587	+
	2588	+	SB3348 Enrolled- 73 -LRB103 37891 RJT 68022 b SB3348 Enrolled - 73 - LRB103 37891 RJT 68022 b
	2589	+	SB3348 Enrolled - 73 - LRB103 37891 RJT 68022 b
	2590	+	1 provision of law.
	2591	+	2 (Source: P.A. 102-316, eff. 8-6-21; 102-949, eff. 5-27-22;
	2592	+	3 103-449, eff. 1-1-24.)
	2593	+
	2594	+
	2595	+
	2596	+
	2597	+
	2598	+	SB3348 Enrolled - 73 - LRB103 37891 RJT 68022 b