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SB 1605 Illinois Senate · 99th Regular Session

SCH CD-INTEREST EARNINGS

Summary
Amends the School Code. Allows any high school district whose territory is in 2 counties and that is eligible for Section 8002 Federal Impact Aid to make a one-time declaration as to interest income not previously declared from 1998 through 2011 in the debt service fund, declaring said moneys as interest earnings on or before June 30, 2016. Requires any such earnings income to thereafter be considered interest earnings. Effective immediately.
Bill status failed 3 of 5 stages cleared
Introduction
Apr 2015
Committee Review
Apr 2015
Senate Passage
Apr 2015
House Passage
Governor
Introduced Apr 15, 2015 Last action Jan 10, 2017
Floor votes · Senate Apr 15, 2015

How they voted

48–0
Passed · 4 other
Total votes 52
Apr 15, 2015
D Democratic33
31 Yea 2
93% Yea
R Republican19
17 Yea 2
89% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
19
Key actions
4
Committee
6
Amendments
2
Apr 16, 2015
Committee
Referred to Rules Committee
lower
Apr 15, 2015
Introduced
Arrived in House
lower
Apr 15, 2015
Senate · Passed
Senate Vote: pass (48-0-4)
senate
Mar 12, 2015
Upper · Passed
Do Pass as Amended Executive; 012-000-000
upper
Mar 11, 2015
Upper · Passed
Senate Committee Amendment No. 1 Adopted
upper
Mar 11, 2015
Upper · Passed
Senate Committee Amendment No. 1 Assignments Refers to Executive
upper
Mar 10, 2015
Committee
Senate Committee Amendment No. 1 Referred to Assignments
upper
Mar 10, 2015
Introduced
Senate Committee Amendment No. 1 Filed with Secretary by Sen. Christine Radogno
upper
Mar 3, 2015
Committee
Assigned to Executive
upper
Feb 20, 2015
Committee
Referred to Assignments
upper
0 primary · 1 co-sponsor

Sponsors

No sponsor information available.