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---
type: "Bill"
title: "SCH CD-INTEREST EARNINGS"
description: "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."
jurisdiction: "us/states/il"
legislature: "Illinois General Assembly"
session: "99th"
identifier: "HB 3093"
citation: "Illinois HB 3093 (99th)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 37
vote_count: 3
first_action: "2015-02-24"
last_action: "2015-08-19"
source: "openstates"
source_identifier: "ocd-bill/2647f212-290c-4e79-9dce-f813e49388d7"
source_url: "http://ilga.gov/legislation/BillStatus.asp?DocNum=3093&GAID=13&DocTypeID=HB&LegId=89225&SessionID=88&GA=99"
source_hash: "37600528ffbf104784bceb59eb0ad7d7f3a9b9c3a1e415b038e8986339df1287"
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 3093 (99th) — SCH CD-INTEREST EARNINGS
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.
## 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=09900HB3093&GA=99&SessionId=88&DocTypeId=HB&LegID=89225&DocNum=3093&GAID=13&Session=&print=true)
2. **Engrossed** (committee substitute) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900HB3093eng&GA=99&SessionId=88&DocTypeId=HB&LegID=89225&DocNum=3093&GAID=13&Session=&print=true)
3. **Enrolled** (enrolled) — [source](http://ilga.gov/legislation/fulltext.asp?DocName=09900HB3093enr&GA=99&SessionId=88&DocTypeId=HB&LegID=89225&DocNum=3093&GAID=13&Session=&print=true)
## Votes
- Third Reading — **1112** (pass) · lower
- Concurrence, Amendment 1 — **1092** (pass) · lower
- Third Reading — **570** (pass) · upper
## Sponsors
- Jim Durkin — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2015-02-24** Filed with the Clerk by Rep. Jim Durkin `filing`
- **2015-02-25** First Reading `reading-1`
- **2015-02-25** Referred to Rules Committee `referral-committee`
- **2015-03-10** Assigned to Executive Committee `referral-committee`
- **2015-03-18** Do Pass / Short Debate Executive Committee; 011-000-000 `committee-passage`
- **2015-03-18** Placed on Calendar 2nd Reading - Short Debate
- **2015-03-24** Second Reading - Short Debate `reading-2`
- **2015-03-24** Placed on Calendar Order of 3rd Reading - Short Debate
- **2015-03-25** Third Reading - Short Debate - Passed 111-002-003 `reading-3, passage`
- **2015-03-26** Arrive in Senate `introduction`
- **2015-03-26** Placed on Calendar Order of First Reading April 14, 2015 `reading-1`
- **2015-04-08** Chief Senate Sponsor Sen. Christine Radogno
- **2015-04-14** First Reading `reading-1`
- **2015-04-14** Referred to Assignments `referral-committee`
- **2015-04-22** Approved for Consideration Assignments
- **2015-04-22** Placed on Calendar Order of 2nd Reading April 23, 2015
- **2015-05-08** Senate Floor Amendment No. 1 Filed with Secretary by Sen. Christine Radogno `amendment-introduction`
- **2015-05-08** Senate Floor Amendment No. 1 Referred to Assignments `referral-committee`
- **2015-05-12** Senate Floor Amendment No. 1 Assignments Refers to Executive
- **2015-05-14** Senate Floor Amendment No. 1 Recommend Do Adopt Executive; 013-000-000
- **2015-05-18** Second Reading `reading-2`
- **2015-05-18** Senate Floor Amendment No. 1 Adopted; Radogno `amendment-passage`
- **2015-05-18** Placed on Calendar Order of 3rd Reading May 19, 2015
- **2015-05-21** Third Reading - Passed; 057-000-000 `reading-3, passage`
- **2015-05-21** Arrived in House `introduction`
- **2015-05-21** Placed on Calendar Order of Concurrence Senate Amendment(s) 1
- **2015-05-21** Senate Floor Amendment No. 1 Motion Filed Concur Rep. Jim Durkin
- **2015-05-21** Senate Floor Amendment No. 1 Motion to Concur Referred to Rules Committee `referral-committee`
- **2015-05-25** Senate Floor Amendment No. 1 Motion to Concur Recommends Be Adopted Rules Committee; 003-000-000
- **2015-05-25** Added Chief Co-Sponsor Rep. Ron Sandack
- **2015-05-31** Senate Floor Amendment No. 1 House Concurs 109-002-000
- **2015-05-31** House Concurs
- **2015-05-31** Passed Both Houses
- **2015-06-29** Sent to the Governor `executive-receipt`
- **2015-08-19** Governor Approved `executive-signature`
- **2015-08-19** Effective Date August 19, 2015
- **2015-08-19** Public Act . . . . . . . . . 99-0404 `became-law`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/2647f212-290c-4e79-9dce-f813e49388d7`. Confidence: reported (aggregated from official Illinois legislature records).