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HB 5572 Illinois House · 100th Regular Session

SCHOOL DISTRICT DEBT CONTROL

Summary
Creates the School District Debt Control and Taxpayer Protection Act. Provides that a school district may not refinance debt past the repayment period of the debt when issued, may not issue debt to be serviced over a period of greater than 20 years, and may not issue capital appreciation bonds. Sets forth provisions calculating and establishing a debt limit and prohibiting new debt. Requires specified bond referendum and bond issuance information to be provided. Effective immediately.
Bill status failed 2 of 4 stages cleared
Introduction
Feb 2018
Committee Review
Apr 2018
House Failed
Apr 2018
Governor
Introduced Feb 16, 2018 Last action Apr 27, 2018
Floor votes · House Apr 27, 2018

How they voted

12–70
Failed · 22 other
Total votes 104
Apr 27, 2018
D Democratic61
1 Yea 51 Nay 9
83% Nay
R Republican43
11 Yea 19 Nay 13
44% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
17
Key actions
3
Committee
5
Amendments
3
Apr 27, 2018
Lower · Passed
House Floor Amendment No. 1 Adopted
lower
Apr 27, 2018
Vote failed
House Vote: fail (12-70-22)
house
Apr 26, 2018
Lower · Passed
House Floor Amendment No. 1 Recommends Be Adopted Elementary & Secondary Education: Licensing, Administration & Oversight; 009-000-000
lower
Apr 25, 2018
Introduced
House Floor Amendment No. 1 Rules Refers to Elementary & Secondary Education: Licensing, Administration & Oversight
lower
Apr 23, 2018
Committee
House Floor Amendment No. 1 Referred to Rules Committee
lower
Apr 23, 2018
Introduced
House Floor Amendment No. 1 Filed with Clerk by Rep. Jeanne M Ives
lower
Apr 10, 2018
Lower · Passed
Do Pass / Short Debate Elementary & Secondary Education: Licensing, Administration & Oversight; 009-000-000
lower
Mar 21, 2018
Committee
Assigned to Elementary & Secondary Education: Licensing, Administration & Oversight
lower
Feb 16, 2018
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.