IL SB1605 | 2015-2016 | 99th General Assembly
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Engrossed on April 15 2015 - 50% progression, died in committee
Action: 2015-04-16 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
Status: Engrossed on April 15 2015 - 50% progression, died in committee
Action: 2015-04-16 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Engrossed) [HTML]
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.
Title
SCH CD-INTEREST EARNINGS
Sponsors
Roll Calls
2015-04-15 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-04-16 | House | Referred to Rules Committee |
| 2015-04-16 | House | First Reading |
| 2015-04-16 | House | Chief House Sponsor Rep. Jim Durkin |
| 2015-04-15 | House | Arrived in House |
| 2015-04-15 | Senate | Third Reading - Passed; 055-000-000 |
| 2015-03-24 | Senate | Placed on Calendar Order of 3rd Reading March 25, 2015 |
| 2015-03-24 | Senate | Second Reading |
| 2015-03-12 | Senate | Placed on Calendar Order of 2nd Reading March 17, 2015 |
| 2015-03-12 | Senate | Do Pass as Amended Executive; 012-000-000 |
| 2015-03-11 | Senate | Senate Committee Amendment No. 1 Adopted |
| 2015-03-11 | Senate | Senate Committee Amendment No. 1 Assignments Refers to Executive |
| 2015-03-10 | Senate | Senate Committee Amendment No. 1 Referred to Assignments |
| 2015-03-10 | Senate | Senate Committee Amendment No. 1 Filed with Secretary by Sen. Christine Radogno |
| 2015-03-03 | Senate | Assigned to Executive |
| 2015-02-20 | Senate | Referred to Assignments |
| 2015-02-20 | Senate | First Reading |
| 2015-02-20 | Senate | Filed with Secretary by Sen. Christine Radogno |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 105 | 5 | 10-22.14 | Amended Code | Citation Text |
