Bill Text: IL HB3052 | 2017-2018 | 100th General Assembly | Introduced
Bill Title: Amends the School Code. Provides for the combination of Chicago Heights School District 170 and Ford Heights School District 169 into a new Heights School District 170. Sets forth requirements concerning transitioning the school board and sets forth provisions concerning bonding and tax levies. Effective immediately.
Spectrum: Bipartisan Bill
Status: (Introduced - Dead) 2018-01-31 - Tabled [HB3052 Detail]
Download: Illinois-2017-HB3052-Introduced.html
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1 | AN ACT concerning education.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The School Code is amended by adding Section | ||||||||||||||||||||||||
5 | 11E-140 as follows:
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6 | (105 ILCS 5/11E-140 new) | ||||||||||||||||||||||||
7 | Sec. 11E-140. Combination of Chicago Heights School | ||||||||||||||||||||||||
8 | District 170 and Ford Heights School District 169. | ||||||||||||||||||||||||
9 | (a) On July 1, 2018, Chicago Heights School District 170 | ||||||||||||||||||||||||
10 | and Ford Heights School District 169 shall be combined as a | ||||||||||||||||||||||||
11 | single school district, which may be referred to as Heights | ||||||||||||||||||||||||
12 | School District 170. | ||||||||||||||||||||||||
13 | (b) The school board of the combined Heights School | ||||||||||||||||||||||||
14 | District 170 shall consist of the school board of Chicago | ||||||||||||||||||||||||
15 | Heights School District 170. Following the 2019 consolidated | ||||||||||||||||||||||||
16 | election, the school board of the combined Heights School | ||||||||||||||||||||||||
17 | District 170 shall consist of the 4 members of the school board | ||||||||||||||||||||||||
18 | of Chicago Heights School District 170 whose terms expire in | ||||||||||||||||||||||||
19 | 2021 and the successors to the 3 members of the school board of | ||||||||||||||||||||||||
20 | Chicago Heights School District 170 whose terms expire in 2019, | ||||||||||||||||||||||||
21 | who shall be chosen by the electors of the combined Heights | ||||||||||||||||||||||||
22 | School District 170. All successive members of the school board | ||||||||||||||||||||||||
23 | shall be chosen by the electors of the combined Heights School |
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1 | District 170. | ||||||
2 | (c) Upon the combination provided for by this Section, any | ||||||
3 | outstanding bonded indebtedness of Chicago Heights School | ||||||
4 | District 170 or Ford Heights School District 169 shall be | ||||||
5 | treated as provided in this subsection (c) and in Section 19-29 | ||||||
6 | of this Code. The tax rate for bonded indebtedness shall be | ||||||
7 | determined in the manner provided in Section 19-7 of this Code | ||||||
8 | and, notwithstanding the creation of such district, the county | ||||||
9 | clerk or clerks shall annually extend taxes for each | ||||||
10 | outstanding bond issue against all of the taxable property that | ||||||
11 | was situated within the boundaries of the district, as those | ||||||
12 | boundaries existed at the time of the issuance of the bond | ||||||
13 | issue, regardless of whether the property is still contained in | ||||||
14 | that same district at the time of the extension of the taxes by | ||||||
15 | the county clerk or clerks; provided that, notwithstanding the | ||||||
16 | provisions of Section 19-18 of this Code, upon resolution of | ||||||
17 | the school board, the county clerk must extend taxes to pay the | ||||||
18 | principal of and interest on any general obligation bonds | ||||||
19 | issued by the new district exclusively to refund any bonded | ||||||
20 | indebtedness of a district organized into the new district | ||||||
21 | against all of the taxable property that was situated within | ||||||
22 | the boundaries of the previously existing district as the | ||||||
23 | boundaries existed at the time of the issuance of the bonded | ||||||
24 | indebtedness being refunded; however, (i) the net interest rate | ||||||
25 | on the refunding bonds may not exceed the net interest rate on | ||||||
26 | the refunded bonds, (ii) the final maturity date of the |
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1 | refunding bonds may not extend beyond the final maturity date | ||||||
2 | of the refunded bonds, and (iii) the tax levy to pay the | ||||||
3 | refunding bonds in any levy year may not exceed the tax levy | ||||||
4 | that would have been required to pay the refunded bonds for | ||||||
5 | that levy year.
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6 | Section 99. Effective date. This Act takes effect upon | ||||||
7 | becoming law.
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