IL HB3392

Requires school districts to send informational material via U.S. mail to all voting-age residents at least 30 days before submitting a question to voters on issuing bonds or increasing property tax rates.

Defines "informational material" as a one-page fact sheet, with school districts determining the format.

Informational material must include: description of the project for bonds, estimated expenditures for tax increases, estimated years bonds will be outstanding, total debt service costs (principal, interest, and issuance costs), and potential property tax outcomes for a median-priced house if the referendum passes or fails.

Applies these requirements to both regular school districts (Section 17-3.4a) and special charter districts (Section 34-52.5).

Takes effect immediately upon becoming law.