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SB 2149 Illinois Senate · 97th Regular Session

SCH CD-FINANC 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 signed all 5 stages cleared
Introduction
Apr 2011
Committee Review
May 2011
Senate Passage
May 2011
House Passage
May 2011
Signed into Law
Aug 2011
Introduced Apr 15, 2011 Signed Aug 16, 2011
Floor votes · Senate Apr 14, 2011 · House May 20, 2011

How they voted

35–19
Passed · 4 other
Total votes 58
Apr 14, 2011
D Democratic34
33 Yea 1
97% Yea
R Republican24
2 Yea 19 Nay 3
79% Nay
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
46
Key actions
10
Committee
10
Amendments
10
Aug 16, 2011
Signed into law
Governor Approved
upper
May 20, 2011
Upper · Passed
Passed Both Houses
upper
May 20, 2011
House · Passed
House Vote: pass (72-39-7)
house
May 11, 2011
Lower · Passed
Do Pass / Short Debate Elementary & Secondary Education Committee; 016-006-000
lower
Apr 25, 2011
Committee
Assigned to Elementary & Secondary Education Committee
lower
Apr 15, 2011
Committee
Referred to Rules Committee
lower
Apr 15, 2011
Introduced
Arrived in House
lower
Apr 14, 2011
Upper · Passed
Senate Floor Amendment No. 3 Adopted; Sullivan
upper
Apr 14, 2011
Senate · Passed
Senate Vote: pass (35-19-4)
senate
Apr 13, 2011
Introduced
Senate Floor Amendment No. 3 Recommend Do Adopt Executive; 012-000-000
upper
Apr 11, 2011
Introduced
Senate Floor Amendment No. 3 Assignments Refers to Executive
upper
Apr 8, 2011
Committee
Senate Floor Amendment No. 3 Referred to Assignments
upper
Apr 8, 2011
Introduced
Senate Floor Amendment No. 3 Filed with Secretary by Sen. John M. Sullivan
upper
Apr 8, 2011
Upper · Passed
Senate Floor Amendment No. 2 Adopted; Sullivan
upper
Apr 6, 2011
Introduced
Senate Floor Amendment No. 2 Recommend Do Adopt Executive; 015-000-000
upper
Apr 6, 2011
Introduced
Senate Floor Amendment No. 2 Assignments Refers to Executive
upper
Apr 5, 2011
Committee
Senate Floor Amendment No. 2 Referred to Assignments
upper
Apr 5, 2011
Introduced
Senate Floor Amendment No. 2 Filed with Secretary by Sen. John M. Sullivan
upper
Mar 17, 2011
Upper · Passed
Do Pass as Amended Executive; 012-003-000
upper
Mar 16, 2011
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 15, 2011
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Executive
upper
Mar 15, 2011
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Mar 15, 2011
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. John M. Sullivan
upper
Mar 2, 2011
Committee
Assigned to Executive
upper
Feb 10, 2011
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.