IL HB0192

Amends the Local Government Debt Reform Act to modify bond issuance provisions for specified school districts and community colleges.

Adds Township High School District 113 to the list of districts eligible to issue bonds with extended maturity periods of up to 25 years (instead of the standard 40-year limit) for purchasing, constructing, or improving real property.

Applies the 25-year maturity provision to bonds issued for purchasing, constructing, or improving real property, or paying claims incurred for those purposes.

The provision applies to Lockport High School, Township High School District 113, South Suburban Community College District No. 510, Elgin Community College District No. 509, and Kishwaukee Community College District No. 523.