Thomas Morrison
- Republican
Primary
Creates the School District Debt Control and Taxpayer Protection Act, and amends the School Code. Provides that a school district may not refinance debt past the repayment period of the debt when issued, may not issue debt to be serviced over a period of greater than 20 years, and may not issue capital appreciation bonds. Provides that school districts may not be indebted in an amount greater than that indicated in the Act and if a school district does exceed the debt limitation, then the school district may not incur any new debt until the school district's debt is lower than the debt limitation. Effective immediately.
No votes to display
Rule 19(a) / Re-referred to Rules Committee
Moved to Suspend Rule 21 Rep. Gregory Harris
Suspend Rule 21 - Prevailed
Assigned to Elementary & Secondary Education: Administration, Licensing & Charter School
Filed with the Clerk by Rep. Thomas Morrison
Referred to Rules Committee
First Reading
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