SB2683

SB2683 extends the approval period for certain bond referendums in Iroquois County, Illinois.

SB2683 amends the Local Government Debt Reform Act to extend the approval period for bonds authorized by voters in Iroquois County Community Unit School District Number 9. Specifically, the approval for bonds approved in an April 2021 referendum remains valid for 10 years after the date of the referendum. This change applies to bond authorizations subject to either a referendum or backdoor referendum. The Act also includes provisions for tolling the approval period if bonds are not issued due to a court action.