republic-os/legislation/us/states/il/96th/hb-999.md

---
type: "Bill"
title: "SCH CD-LINES OF CREDIT"
description: "Amends the School Code. Allows a school district to establish a line of credit with a bank or other financial institution (instead of just a bank). Provides that the line of credit must be in an amount not to exceed 95% of the amount of property taxes most recently levied for educational, operations and maintenance, transportation, or other tax levy purposes or any combination thereof (instead of just for educational and building purposes). Provides that moneys thus borrowed shall be applied to the purposes for which the tax or any combination of the taxes may be levied (instead of the purposes for which they were obtained). Allows a school board to anticipate revenues due in the current fiscal year or expected to be due in the next subsequent fiscal year and issue notes, bonds, or other obligations and, in connection with that issuance, establish a line of credit in a specified amount under certain conditions. Allows other educational entities or a regional superintendent of schools to anticipate revenues due in the current fiscal year or expected to be due in the next subsequent fiscal year and issue notes or other obligations and, in connection with that issuance, establish a line of credit in a specified amount under certain conditions. Effective immediately."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "96th"
identifier: "HB 999"
citation: "Illinois HB 999 (96th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 27
vote_count: 2
first_action: "2009-02-10"
last_action: "2009-06-26"
source: "openstates"
source_identifier: "ocd-bill/bcbf36c3-2f36-42d2-98d2-922ac2faa38d"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=999&GAID=10&DocTypeID=HB&LegId=42603&SessionID=76&GA=96"
source_hash: "3cf1f5f4fea7c8eaa585b80a3f81508b1f2dcf960ccf9822037c5d3069c5583e"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-il"]
---

# Illinois HB 999 (96th) — SCH CD-LINES OF CREDIT

Amends the School Code. Allows a school district to establish a line of credit with a bank or other financial institution (instead of just a bank). Provides that the line of credit must be in an amount not to exceed 95% of the amount of property taxes most recently levied for educational, operations and maintenance, transportation, or other tax levy purposes or any combination thereof (instead of just for educational and building purposes). Provides that moneys thus borrowed shall be applied to the purposes for which the tax or any combination of the taxes may be levied (instead of the purposes for which they were obtained). Allows a school board to anticipate revenues due in the current fiscal year or expected to be due in the next subsequent fiscal year and issue notes, bonds, or other obligations and, in connection with that issuance, establish a line of credit in a specified amount under certain conditions. Allows other educational entities or a regional superintendent of schools to anticipate revenues due in the current fiscal year or expected to be due in the next subsequent fiscal year and issue notes or other obligations and, in connection with that issuance, establish a line of credit in a specified amount under certain conditions. Effective immediately.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced** (filed) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB0999&GA=96&SessionId=76&DocTypeId=HB&LegID=42603&DocNum=999&GAID=10&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB0999eng&GA=96&SessionId=76&DocTypeId=HB&LegID=42603&DocNum=999&GAID=10&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09600HB0999enr&GA=96&SessionId=76&DocTypeId=HB&LegID=42603&DocNum=999&GAID=10&Session=&print=true)

## Votes

- Third Reading — **58–0** (pass) · upper
- Third Reading — **113–1** (pass) · lower

## Sponsors

- Roger L. Eddy — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2009-02-10** Filed with the Clerk by Rep. Roger L. Eddy `filing`
- **2009-02-10** First Reading `reading-1`
- **2009-02-10** Referred to Rules Committee `referral-committee`
- **2009-02-18** Assigned to Elementary & Secondary Education Committee `referral-committee`
- **2009-02-25** Do Pass / Short Debate Elementary & Secondary Education Committee; 020-000-000 `committee-passage`
- **2009-02-25** Placed on Calendar 2nd Reading - Short Debate
- **2009-02-25** Added Co-Sponsor Rep. Monique D. Davis
- **2009-03-17** Second Reading - Short Debate `reading-2`
- **2009-03-17** Placed on Calendar Order of 3rd Reading - Short Debate
- **2009-03-25** Added Chief Co-Sponsor Rep. William B. Black
- **2009-03-25** Third Reading - Short Debate - Passed 113-001-001 `reading-3, passage`
- **2009-03-26** Arrive in Senate `introduction`
- **2009-03-26** Placed on Calendar Order of First Reading `reading-1`
- **2009-03-26** Chief Senate Sponsor Sen. Deanna Demuzio
- **2009-03-26** First Reading `reading-1`
- **2009-03-26** Referred to Assignments `referral-committee`
- **2009-04-22** Assigned to Education `referral-committee`
- **2009-04-29** Do Pass Education; 007-000-000 `committee-passage`
- **2009-04-29** Placed on Calendar Order of 2nd Reading April 30, 2009
- **2009-05-12** Second Reading `reading-2`
- **2009-05-12** Placed on Calendar Order of 3rd Reading ** May 18, 2009
- **2009-05-19** Third Reading - Passed; 058-000-000 `reading-3, passage`
- **2009-05-19** Passed Both Houses
- **2009-06-17** Sent to the Governor `executive-receipt`
- **2009-06-26** Governor Approved `executive-signature`
- **2009-06-26** Effective Date June 26, 2009
- **2009-06-26** Public Act . . . . . . . . . 96-0019 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/bcbf36c3-2f36-42d2-98d2-922ac2faa38d`. Confidence: reported (aggregated from official Illinois legislature records).