IL HB3523 | 2023-2024 | 103rd General Assembly

Status

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 5-0)
Status: Passed on June 9 2023 - 100% progression
Action: 2023-06-09 - Public Act . . . . . . . . . 103-0049
Text: Latest bill text (Chaptered) [HTML]

Summary

Reinserts the contents of the introduced bill with the following changes. Provides that the penalty of the bond shall be determined by the school board in an amount no less than 10% of the amount of all bonds, notes, mortgages, moneys, and effects (instead of providing that for those school districts that have a designation of recognition or review according to the State Board of Education's School District Financial Profile System, the penalty of the bond shall be determined by the school board in an amount no less than 10% of the amount of all bonds, notes, mortgages, moneys, and effects and that for all other school districts, the penalty of the bond shall be 25% of all bonds, notes, mortgages, moneys, and effects). Provides that a treasurer shall, before receiving any borrowed money, execute a bond with a surety company authorized to do business in this State (instead of with 2 or more persons having an interest in real estate, who shall not be trustees, or a surety company authorized to do business in this State). Effective immediately.

Tracking Information

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Title

SCH CD-SCH TRUSTEE BOND

Sponsors


Roll Calls

2023-05-04 - Senate - Third Reading in Senate (Y: 55 N: 0 NV: 4 Abs: 0) [PASS]
2023-03-23 - House - Third Reading in House (Y: 71 N: 35 NV: 2 Abs: 1) [PASS]

History

DateChamberAction
2023-06-09HousePublic Act . . . . . . . . . 103-0049
2023-06-09HouseEffective Date June 9, 2023
2023-06-09HouseGovernor Approved
2023-06-02HouseSent to the Governor
2023-05-04HousePassed Both Houses
2023-05-04SenateThird Reading - Passed; 055-000-000
2023-04-20SenatePlaced on Calendar Order of 3rd Reading April 25, 2023
2023-04-20SenateSecond Reading
2023-04-19SenatePlaced on Calendar Order of 2nd Reading April 20, 2023
2023-04-19SenateDo Pass Education; 011-000-000
2023-04-12SenateAssigned to Education
2023-03-27SenateReferred to Assignments
2023-03-27SenateFirst Reading
2023-03-27SenateChief Senate Sponsor Sen. Laura Ellman
2023-03-27SenatePlaced on Calendar Order of First Reading
2023-03-27SenateArrive in Senate
2023-03-23HouseThird Reading - Short Debate - Passed 071-035-000
2023-03-22HousePlaced on Calendar Order of 3rd Reading - Short Debate
2023-03-22HouseHouse Floor Amendment No. 1 Adopted
2023-03-22HouseSecond Reading - Short Debate
2023-03-22HouseAdded Co-Sponsor Rep. William "Will" Davis
2023-03-22HouseHouse Floor Amendment No. 1 Recommends Be Adopted Elementary & Secondary Education: Administration, Licensing & Charter Schools; 008-000-000
2023-03-21HouseAdded Chief Co-Sponsor Rep. Terra Costa Howard
2023-03-20HouseHouse Floor Amendment No. 1 Rules Refers to Elementary & Secondary Education: Administration, Licensing & Charter Schools
2023-03-16HouseAdded Chief Co-Sponsor Rep. Anne Stava-Murray
2023-03-15HouseHouse Floor Amendment No. 1 Referred to Rules Committee
2023-03-15HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Janet Yang Rohr
2023-03-10HousePlaced on Calendar 2nd Reading - Short Debate
2023-03-08HouseDo Pass / Short Debate Elementary & Secondary Education: Administration, Licensing & Charter Schools; 006-003-000
2023-02-28HouseAssigned to Elementary & Secondary Education: Administration, Licensing & Charter Schools
2023-02-17HouseReferred to Rules Committee
2023-02-17HouseFirst Reading
2023-02-17HouseFiled with the Clerk by Rep. Janet Yang Rohr

Code Citations

ChapterArticleSectionCitation TypeStatute Text
105519-6Amended CodeCitation Text
10558-2Amended CodeCitation Text

Illinois State Sources


Bill Comments

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