SCH CD-FINANCE OVERSIGHT PANEL
Summary
Creates the Financial Oversight Panel Law of the School Code. Allows a school district (other than the Chicago school district) to petition the State Board of Education for the establishment of a Financial Oversight Panel for the district. Allows the State Board to establish a Financial Oversight Panel without a petition from a district. Contains provisions concerning duties of the district; members and meetings of a Panel; powers of a Panel; officers of a Panel; collective bargaining agreements; deposits and investments; cash and bank accounts; the financial, management, and budgetary structure; the School District Emergency Financial Assistance Fund; grants and loans; the issuance of bonds; a tax levy; a debt service fund; a debt service reserve fund; bond anticipation notes; tax anticipation warrants; reports; a Panel audit; Panel property being exempt from taxation; sanctions; and abolition of a Panel. Makes related changes in the School Code and the Property Tax Code. Effective July 1, 2011.
Bill status
failed
3 of 5 stages cleared
Introduction
May 2011
Committee Review
May 2011
House Passage
May 2011
Senate Passage
Governor
Introduced May 27, 2011
Last action Jan 8, 2013
Floor votes · House May 27, 2011
How they voted
114–2
Passed · 2 other
Total votes 118
May 27, 2011
D
Democratic64
96% Yea
R
Republican54
96% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
38
Key actions
7
Committee
13
Amendments
8
May 28, 2011
Committee
Referred to Assignments
upper
May 27, 2011
Introduced
Arrive in Senate
upper
May 27, 2011
House · Passed
House Vote: pass (114-2-2)
house
May 26, 2011
Amended
House Committee Amendment No. 3 Tabled Pursuant to Rule 40
lower
May 26, 2011
Amended
House Committee Amendment No. 2 Tabled Pursuant to Rule 40
lower
May 26, 2011
Lower · Passed
Do Pass as Amended / Short Debate Elementary & Secondary Education Committee; 018-002-000
lower
May 26, 2011
Lower · Passed
House Committee Amendment No. 4 Adopted in Elementary & Secondary Education Committee; by Voice Vote
lower
May 20, 2011
Lower · Passed
House Committee Amendment No. 4 Rules Refers to Elementary & Secondary Education Committee
lower
May 19, 2011
Committee
House Committee Amendment No. 4 Referred to Rules Committee
lower
May 19, 2011
Introduced
House Committee Amendment No. 4 Filed with Clerk by Rep. Roger L. Eddy
lower
Apr 12, 2011
Lower · Passed
House Committee Amendment No. 3 Rules Refers to Elementary & Secondary Education Committee
lower
Apr 12, 2011
Lower · Passed
House Committee Amendment No. 2 Rules Refers to Elementary & Secondary Education Committee
lower
Apr 12, 2011
Committee
Re-assigned to Elementary & Secondary Education Committee
lower
Apr 11, 2011
Committee
House Committee Amendment No. 3 Referred to Rules Committee
lower
Apr 11, 2011
Introduced
House Committee Amendment No. 3 Filed with Clerk by Rep. Roger L. Eddy
lower
Apr 4, 2011
Committee
House Committee Amendment No. 2 Referred to Rules Committee
lower
Apr 4, 2011
Introduced
House Committee Amendment No. 2 Filed with Clerk by Rep. Roger L. Eddy
lower
Mar 17, 2011
Lower · Passed
Committee Deadline Extended-Rule 9(b) April 15, 2011
lower
Mar 17, 2011
Amended
House Committee Amendment No. 1 Tabled Pursuant to Rule 40
lower
Mar 15, 2011
Committee
House Committee Amendment No. 1 Referred to Rules Committee
lower
Mar 15, 2011
Introduced
House Committee Amendment No. 1 Filed with Clerk by Rep. Roger L. Eddy
lower
Feb 28, 2011
Committee
Assigned to Executive Committee
lower
Feb 23, 2011
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
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