reglab/housing_qa huggingface dataset:
105 ILCS 5/19-8
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

   (from Ch. 122, par. 19-8)Sec. 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 authorized to  issue bonds for the purpose of paying orders issued for the wages of  teachers, for the payment of claims against any such district, or for providing funds to effect liquidation or defeasance of the obligations of a Financial Oversight Panel pursuant to the provisions of Section 1H-115 of this Code.Such bonds may be issued in an amount, including existing indebtedness,  in excess of any statutory limitation as to debt.  (Source: P.A. 97-429, eff. 8-16-11.)
105 ILCS 5/19-10
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-10)Sec. 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 the purpose of the payment of any liabilities or  obligations imposed on such district resulting from the division of assets  as provided by Article 7 of this Act or Article 5 of this Act as it existed  prior to July 1, 1952.Within 90 days after the final order of the county board of school  trustees dividing assets as a result of creating a new district the school  board of such newly created district or the school board of a district a  portion of whose territory is included within the newly created district  shall pay any amounts due.The school board of a district obligated or liable under the provisions  of this Section shall issue bonds to the extent necessary to enable the  district to discharge its obligations unless funds can otherwise be made  available for such purpose, and such bonds may be issued in an amount,  including existing indebtedness, in excess of any statutory limitation as  to debt but subject to the 5% constitutional limit.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-11
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-11)Sec. 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 19-8, 19-9 and 19-10 shall  adopt a resolution specifying the amount of indebtedness to be funded,  whether for the purpose of paying claims, or for paying teachers' orders,  or for paying liabilities or obligations imposed on any district resulting  from the division of assets as provided by Article 7 of this Act or Article  5 of this Act as it existed prior to July 1, 1952. The resolution shall set  forth the date, denomination, rate of interest and maturities of the bonds,  fix all details with respect to the issue and execution thereof, and  provide for the levy of a tax sufficient to pay both principal and interest  of the bonds as they mature. The bonds shall bear interest at a rate not to  exceed the maximum rate authorized by the Bond Authorization Act, as amended  at the time of the making of the contract, payable annually  or semi-annually,  as the governing  body may determine, and mature in not more than 20 years from the date thereof or as otherwise authorized by law.With respect to instruments for the payment of money issued under this  Section either before, on, or after the effective date of this amendatory  Act of 1989, it is and always has been the intention of the General  Assembly (i) that the Omnibus Bond Acts are and always have been  supplementary grants of power to issue instruments in accordance with the  Omnibus Bond Acts, regardless of any provision of this Act that may appear  to be or to have been more restrictive than those Acts, (ii) that the  provisions of this Section are not a limitation on the supplementary  authority granted by the Omnibus Bond Acts, and (iii) that instruments  issued under this Section within the supplementary authority granted  by the Omnibus Bond Acts are not invalid because of any provision of  this Act that may appear to be or to have been more restrictive than  those Acts.  (Source: P.A. 100-531, eff. 9-22-17.)
105 ILCS 5/19-12
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-12)Sec. 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 filed with the county clerk of each  county in which any portion of any such district is situated and the county  clerk shall annually extend taxes against all of the taxable property  situated in the county and contained in such district in amounts sufficient  to pay maturing principal and interest of such bonds without limitation as  to rate or amount and in addition to and in excess of any taxes that may  now or hereafter be authorized to be levied by Sections 12-11 and 12-11.1  or 17-2 through 17-9.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-13
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-13)Sec. 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 orders for wages of teachers, or  both, or may be sold and the proceeds received used to pay such claims or  orders.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-14
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-14)Sec. 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 issued under sections  19-8 through 19-11 shall be the valid and binding obligations of the  school district, notwithstanding the fact that the bonds, together with  existing indebtedness, either in whole or in part, exceed any statutory  debt limitation in force at the time the bonds are issued.    (Source: Laws 1961, p. 31.)
105 ILCS 5/prec. Sec. 19-15 heading
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 REFUNDING BONDS
105 ILCS 5/19-15
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-15)Sec. 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 legal  obligations and remaining outstanding, the school board of the district  may, upon the surrender of the bonds or other evidences of indebtedness,  issue in lieu thereof to the holders or owners thereof or to other persons  for money with which to pay them, new bonds or other evidences of  indebtedness, according to the subsequent provisions of this Article.For the purposes of Sections 19-15 through 19-26 "school district"  includes any non-high school district.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-16
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-16)Sec. 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  the issuance of refunding bonds (1) to refund its bonds prior to their  maturity; (2) to refund its unpaid matured bonds; (3) to refund matured  coupons evidencing interest upon its unpaid bonds; (4) to refund interest  at the coupon rate upon its unpaid matured bonds that has accrued since the  maturity of those bonds; (5) to refund its bonds which by their terms are  subject to redemption before maturity; and (6) to refund other valid and  subsisting evidences of indebtedness that are due and payable. The  refunding bonds and the procedure for issuing them shall comply with  Sections 19-5 through 19-7.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-17
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-17)Sec. 19-17.     Registrability - Interest - Time and place of payment.     The refunding bonds may be made registerable as to principal and may  bear interest at a rate not to exceed the maximum rate authorized by the  Bond Authorization Act, as amended at the time of the making of the contract,  if issued  before January  1, 1972 and not to exceed the maximum rate authorized by the Bond Authorization  Act, as amended at the time of the making of the contract,  if issued after  January 1, 1972,  payable at such time and place as may be provided in the bond resolution.  They shall remain valid even though one or more of the officers executing  the bonds ceases to hold his or their offices before the bonds are  delivered.With respect to instruments for the payment of money issued under this  Section either before, on, or after the effective date of this amendatory  Act of 1989, it is and always has been the intention of the General  Assembly (i) that the Omnibus Bond Acts are and always have been  supplementary grants of power to issue instruments in accordance with the  Omnibus Bond Acts, regardless of any provision of this Act that may appear  to be or to have been more restrictive than those Acts, (ii) that the  provisions of this Section are not a limitation on the supplementary  authority granted by the Omnibus Bond Acts, and (iii) that instruments  issued under this Section within the supplementary authority granted  by the Omnibus Bond Acts are not invalid because of any provision of  this Act that may appear to be or to have been more restrictive than  those Acts.    (Source: P.A. 86-4.)
105 ILCS 5/19-18
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-18)Sec. 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 of a direct annual  tax upon all the taxable property within the school district sufficient to  pay the principal thereof and interest thereon as it matures. The tax shall  be levied and collected in like manner as the general taxes for the school  district and shall not be included within any limitation of rate for  general purposes as now or hereafter provided by law but shall be excluded  therefrom and be in addition thereto and in excess thereof.A certified copy of the bond resolution shall be filed with the county  clerk of the county in which the school district or any portion thereof is  situated, and shall constitute the authority for the extension and  collection of refunding bond and interest taxes as required by the  constitution.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-19
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-19)Sec. 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 for the par value of the bonds, interest  coupons, and interest not represented by coupons, if any, or they may be  sold at not less than their par value and accrued interest. The proceeds  received from their sale shall be used to pay the bonds, interest coupons,  and interest not represented by coupons, if any, without any prior  appropriation therefor under any budget law.Bonds and interest coupons which have been received in exchange or paid  shall be cancelled and the obligation for interest, not represented by  coupons, which has been discharged, shall be evidenced by a written  acknowledgment of the exchange or payment thereof.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-20
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-20)Sec. 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 may be  provided by the corporate authorities of the school district in the bond  resolution. They shall mature within not to exceed 20 years from their  date, and may be made callable on any interest payment date at par and  accrued interest after notice has been given at the time and in the manner  provided in the bond resolution; however, the limitation shall be 25 years for bonds issued by Valley View Community Unit School District 365U that refund (i) bonds authorized under Section 19-3 of this Code or (ii) bonds refunding or continuing to refund bonds authorized under Section 19-3 of this Code.  (Source: P.A. 96-1546, eff. 3-10-11.)
105 ILCS 5/19-21
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-21)Sec. 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 money equal to the amount of interest  that will accrue on the refunding bonds and a sum of money equal to the  amount of principal that will become due thereon within the next 6 months  period has been set aside, the treasurer of the school district shall use  the money available from the proceeds of taxes levied for the payment of  the refunding bonds in calling them for payment, if, by their terms, they  are subject to redemption. However, a school district may provide in the  bond resolution that whenever the school district is not in default in  payment of the principal of or interest upon the refunding bonds and has  set aside the sums of money provided in this section for interest accruing  and principal maturing within the next 6 months period, the money available  from the proceeds of taxes levied for the payment of refunding bonds shall  be used, first, in the purchase of the refunding bonds at the lowest price  obtainable, but not to exceed their par value and accrued interest, after  sealed tenders for their purchase have been advertised for as may be  directed by the corporate authorities thereof.Refunding bonds called for payment and paid or purchased under this  section shall be marked paid and cancelled.    (Source: Laws 1963, p. 3062.)
105 ILCS 5/19-22
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-22)Sec. 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 extended for payment of the  principal of and the interest on the remainder of the issue shall be  reduced in an amount equal to the principal of and the interest that would  have thereafter accrued upon the refunding bonds so cancelled. A resolution  shall be adopted by the corporate authorities of the school district  finding these facts. A certified copy of this resolution shall be filed  with the county clerk specified in Section 19-18, whereupon he shall  reduce and extend such tax levies in accordance therewith.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-23
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-23)Sec. 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 payment of the bonds refunded and next to be  extended for collection shall be made by the county clerk upon receipt of a  certificate signed by the treasurer of the school district, or by the  president and clerk or other corresponding officers of the school district,  showing the bonds refunded and the tax to be abated.Money which becomes available from taxes that were levied for prior  years for payment of bonds or interest coupons that were paid or refunded  before those taxes were collected, after payment of all warrants that may  have been issued in anticipation of these taxes, shall be placed in the  sinking fund account provided in Section 19-24. It shall be used to  purchase, call for payment, or to pay at maturity refunding bonds and  interest thereon as herein provided.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-24
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-24)Sec. 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 be deposited in a  special fund of the school district, designated as the "Refunding Bond and  Interest Sinking Fund Account of ....". This fund shall be applied to the  purchase or payment of refunding bonds and the interest thereon as provided  in Sections 19-16 through 19-26.If the money in this fund is not immediately necessary for the payment  of refunding bonds or if refunding bonds can not be purchased before  maturity, then, under the direction of the corporate authorities of the  school district, the money may be invested by the treasurer of the school  district in bonds or other interest bearing obligations of the United  States or in bonds of the State of Illinois.The maturity date of the securities in which this money is invested  shall be prior to the due date of any issue of refunding bonds of the  investing school district. The corporate authorities may sell these  securities whenever necessary to obtain cash to meet bond and interest  payments.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-25
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-25)Sec. 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 owners of unpaid bonds regarding the  financial condition of the school district, the necessity of refunding its  unpaid bonds and readjusting the maturities thereof in order that  sufficient taxes may be collected to take care of these bonds, and thus  re-establish the credit of the school district. The corporate authorities  may enter into any agreement required to prepare and carry out any  refunding plan and, without any previous appropriation therefor under any  budget law, may incur and pay expenditures that may be necessary in order  to accomplish the refunding of the bonds of the school district.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-26
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-26)Sec. 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 the law under which it is  organized and operating, and constitute complete authority for issuing  refunding bonds as therein provided without reference to other laws. Those  sections shall be construed as conferring powers in addition to, but not as  limiting powers granted under, other laws or other provisions of this Act.    (Source: Laws 1961, p. 31.)
105 ILCS 5/prec. Sec. 19-27 heading
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 REFUNDING SURPLUS AFTER BONDS PAID
105 ILCS 5/19-27
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-27)Sec. 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 there remains in the  hands of the county collector or any ex-county collector, the county  treasurer, or ex-county treasurer, any balance to the credit of the bond  fund of the school township, the county collector or ex-county collector,  county treasurer or ex-county treasurer shall pay to the school treasurer  the balance of such funds in his hands and the school treasurer shall give  his receipt therefor.    (Source: Laws 1961, p. 31.)
105 ILCS 5/19-28
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-28)Sec. 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 19-27, they shall  distribute and apportion the funds among the districts or fractions of  districts of the township whose treasurer is the township treasurer,  and among the school boards or board of incorporated  cities, towns or school districts in such township having  a treasurer other than the township treasurer, in proportion to the number of children  under 21 years of age in each. The funds thus apportioned shall be placed  on the books of the treasurer to the credit of the respective districts and  the same shall be paid out by the treasurer on the legal orders of the  school boards of the proper districts, except such part of the fund as may  be payable to the boards of education of incorporated cities, towns  or school districts having a treasurer other than the township  treasurer, which portion of the  fund shall be paid by the township treasurer to the treasurer of the board  of education.    (Source: P.A. 86-1441.)
105 ILCS 5/19-29
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19 - Debt Limitation - Bonds - Territory Liable - Refunding Bonds

 (from Ch. 122, par. 19-29)Sec. 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 district only a part of any  former school district which at the time of such inclusion has  outstanding bonded indebtedness, a proportionate amount of such bonded  indebtedness shall be chargeable to such school district based upon the  ratio that the assessed valuation of taxable property as equalized and  determined by the Department of Revenue in that  part of the territory of such former school district that has been  included in any such school district bears to the total assessed  valuation of the former school district as equalized and determined by  the Department of Revenue for  the year in which  the change occurred, and the proportionate amount of such bonded  indebtedness shall be chargeable against such school district in  determining its debt incurring power.    (Source: P.A. 81-1509.)
105 ILCS 5/Art. 19a heading
2021 Illinois Compiled Statutes|Chapter 105 - SCHOOLS|105 ILCS 5/ - School Code.|Article 19a - Revenue Bonds For Exhibition Facilities

 ARTICLE 19a.      REVENUE BONDS FOR EXHIBITION FACILITIES