SCH CD-INTEREST EARNINGS
Summary
Amends the School Boards Article of the School Code. Allows any high school district whose territory is in 2 counties and that is eligible for Federal Impact Aid to make a one-time declaration as to interest income not previously declared from 1998 through 2011 in the debt service fund, declaring said moneys as interest earnings on or before June 30, 2016. Requires any such earnings income to thereafter be considered interest earnings. Effective immediately.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2015
Committee Review
May 2015
House Passage
May 2015
Senate Passage
May 2015
Signed into Law
Aug 2015
Introduced Mar 26, 2015
Signed Aug 19, 2015
Floor votes · Senate May 21, 2015 · House May 31, 2015
How they voted
45–0
Passed · 2 other
Total votes 47
May 21, 2015
D
Democratic29
93% Yea
R
Republican18
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
38
Key actions
6
Committee
7
Amendments
7
Aug 19, 2015
Signed into law
Governor Approved
lower
May 31, 2015
Lower · Passed
Passed Both Houses
lower
May 31, 2015
Introduced
Senate Floor Amendment No. 1 House Concurs 109-002-000
lower
May 25, 2015
Lower · Passed
Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-000-000
lower
May 21, 2015
Committee
Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee
lower
May 21, 2015
Introduced
Senate Floor Amendment No. 1 Motion Filed Concur Rep. Jim Durkin
lower
May 21, 2015
Introduced
Placed on Calendar Order of Concurrence Senate Amendment(s) 1
lower
May 21, 2015
Introduced
Arrived in House
lower
May 21, 2015
Senate · Passed
Senate Vote: pass (45-0-2)
senate
May 18, 2015
Upper · Passed
Senate Floor Amendment No. 1 Adopted; Radogno
upper
May 14, 2015
Introduced
Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 013-000-000
upper
May 12, 2015
Introduced
Senate Floor Amendment No. 1 Assignments Refers to Executive
upper
May 8, 2015
Committee
Senate Floor Amendment No. 1 Referred to Assignments
upper
May 8, 2015
Introduced
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Christine Radogno
upper
Apr 14, 2015
Committee
Referred to Assignments
upper
Mar 26, 2015
Introduced
Arrive in Senate
upper
Mar 18, 2015
Lower · Passed
Do Pass / Short Debate Executive Committee; 011-000-000
lower
Mar 10, 2015
Committee
Assigned to Executive Committee
lower
Feb 25, 2015
Committee
Referred to Rules Committee
lower
0 primary · 1 co-sponsor
Sponsors
No sponsor information available.
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 3093
Scope: IL
Hi! I can help you understand HB 3093. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline