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IL SB1464
Bill
Status
Failed
1/13/2015
Primary Sponsor
David Luechtefeld
Click for details
AI Summary
- Amends Section 19-5 of the School Code (105 ILCS 5/19-5) concerning bond registration and issuance procedures.
- Adds the word "and" before "sold" in the requirement that bonds be registered, numbered, and countersigned before being negotiated and sold.
- Applies to all bonds issued under the School Code except those issued by school districts with populations exceeding 500,000 inhabitants.
- Requires the county treasurer receiving district taxes to register bonds in a book containing the election authorization, bond description, number, date, issuer, amount, interest rate, and maturity date.
Legislative Description
EDUCATION-TECH
Last Action
Session Sine Die
1/13/2015
Committee Referrals
Assignments2/6/2013
Full Bill Text
No bill text available