Illinois Compiled Statutes 105 Schools: Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds
Debt Limitation
Bonds
- Illinois School Code. - 105 ILCS 5, Section 19-2
School directors - Power to borrow money and issue bonds. For the purpose of building or repairing schoolhouses or purchasing or improving school sites,...
- Illinois School Code. - 105 ILCS 5, Section 19-3
Boards of education. Any school district governed by a board of education and having a population of not more than 500,000 inhabitants, and not governed...
- Illinois School Code. - 105 ILCS 5, Section 19-3.5
Flood-damaged building. Martinsville Community Unit School District 3C is authorized to issue bonds in not to exceed the amount of $4,000,000 for the purpose of...
- Illinois School Code. - 105 ILCS 5, Section 19-3.10
Mine subsidence damaged building. Gillespie Community Unit School District 7 is authorized to issue bonds in not to exceed the amount of $22,000,000 for the...
- Illinois School Code. - 105 ILCS 5, Section 19-3.15
School additions; Chaney-Monge School District 88. Notwithstanding the requirements of any other applicable law and without further referendum approval, Chaney-Monge School District 88 is authorized...
- Illinois School Code. - 105 ILCS 5, Section 19-4
Bonds issued - Boundaries changed. Where bonds are issued by any school district under the provisions of Section 19-2 through Section 19-6, and before...
- Illinois School Code. - 105 ILCS 5, Section 19-5
Registration, numbering and countersigning. All bonds issued under this Act, except bonds issued by school districts having a population of more than 500,000 inhabitants,...
- Illinois School Code. - 105 ILCS 5, Section 19-6
Bond money to school treasurer - Delivery of bonds - Record - Payment. All moneys borrowed under the authority of this Act, except money...
- Illinois School Code. - 105 ILCS 5, Section 19-7
Certified copy of resolution filed with county clerk-Registry of bonds-Extension of tax. Whenever any school district having a population of less than 500,000 inhabitants...
- Illinois School Code. - 105 ILCS 5, Section 19-8
Bonds to pay claims. Any school district or non-high district operating under general law or special charter having a population of 500,000 or less is...
- Illinois School Code. - 105 ILCS 5, Section 19-9
Resolution to issue bonds - Submission to voters. Before any district as described in Section 19-8 shall avail itself of the provisions of that section...
- Illinois School Code. - 105 ILCS 5, Section 19-10
Payment of liabilities resulting from division of assets. Any school district having a population of 500,000 or less is authorized to issue bonds for...
- Illinois School Code. - 105 ILCS 5, Section 19-11
Amount of indebtedness - Interest and maturity. Any district which has complied with Section 19-9 and which is authorized to issue bonds under Sections...
- Illinois School Code. - 105 ILCS 5, Section 19-12
Filing copy of resolution-Extension of taxes. A certified copy of the resolution authorizing the issue of bonds under Sections 19-8 through 19-11 shall be...
- Illinois School Code. - 105 ILCS 5, Section 19-13
Sale or exchange of bonds. Any bonds issued under Sections 19-8 to 19-11, inclusive, may be exchanged par for par for claims or unpaid...
- Illinois School Code. - 105 ILCS 5, Section 19-14
Validity of indebtedness-Validity of bonds. Purchasers of such bonds shall not be obligated to inquire into the validity of the indebtedness funded, and bonds...
Refunding Bonds
- Illinois School Code. - 105 ILCS 5, Section 19-15
Authority to refund bonds. When a school district has issued bonds or other evidence of indebtedness for any purposes which are binding and subsisting...
- Illinois School Code. - 105 ILCS 5, Section 19-16
Resolution for issuance. The corporate authorities of any school district, without submitting the question to the electors thereof for approval, may authorize by resolution...
- Illinois School Code. - 105 ILCS 5, Section 19-17
Registrability - Interest - Time and place of payment. The refunding bonds may be made registerable as to principal and may bear interest at...
- Illinois School Code. - 105 ILCS 5, Section 19-18
Details prescribed-Levy and collection of tax. The resolution authorizing refunding bonds shall prescribe all details thereof and shall provide for the levy and collection...
- Illinois School Code. - 105 ILCS 5, Section 19-19
Sale or exchange-Use of proceeds-Cancellation. The refunding bonds may be exchanged for the bonds to be refunded on the basis of dollar for dollar...
- Illinois School Code. - 105 ILCS 5, Section 19-20
Execution-Maturity-Callable. The refunding bonds shall be of such form and denomination, payable at such place, bear such date, and be executed by such officials as...
- Illinois School Code. - 105 ILCS 5, Section 19-21
Redemption of bonds. If there is no default in payment of the principal of or interest upon the refunding bonds, and a sum of...
- Illinois School Code. - 105 ILCS 5, Section 19-22
Reduction of tax levy-Bonds purchased and cancelled. Whenever refunding bonds are purchased and cancelled as provided in Section 19-21, the taxes thereafter to be...
- Illinois School Code. - 105 ILCS 5, Section 19-23
Reduction of tax for payment of bonds refunded-Use of tax receipts. Whenever refunding bonds are issued, proper reduction of taxes theretofore levied for the...
- Illinois School Code. - 105 ILCS 5, Section 19-24
Proceeds of taxes-Special fund-Use-Investment. Money received from the proceeds of taxes levied for payment of the principal of and interest upon refunding bonds shall...
- Illinois School Code. - 105 ILCS 5, Section 19-25
Information to owners of bonds-Refunding agreements. The corporate authorities of a school district may take any action that may be necessary to inform the...
- Illinois School Code. - 105 ILCS 5, Section 19-26
Construction and application of provisions. Sections 19-16 through 19-25 apply to any school district, regardless of the population of said school district and of...
Refunding Surplus After Bonds Paid
- Illinois School Code. - 105 ILCS 5, Section 19-27
Payment to treasurer. Whenever all the bonds of any school district have been paid and cancelled upon the records of the school treasurer and...
- Illinois School Code. - 105 ILCS 5, Section 19-28
Distribution and apportionment. At the first regular semi-annual meeting of the trustees of the township after the receipt of the funds mentioned in Section...
- Illinois School Code. - 105 ILCS 5, Section 19-29
Computation of debt incurring power. In computing the debt incurring power of any school district where there has been included in any such school...
- Illinois School Code. - 105 ILCS 5, Section 19-30
Any school district which, pursuant to Section 10-22.31b of this Act, has entered into a joint agreement with one or more school districts to...
- Illinois School Code. - 105 ILCS 5, Section 19-31
Any school district which, pursuant to Section 10-22.31b of this Act, or under the provisions of the "Intergovernmental Cooperation Act", has entered into a...
Last modified: February 18, 2015