94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006
SB1753

 

Introduced 2/25/2005, by Sen. Debbie DeFrancesco Halvorson

 

SYNOPSIS AS INTRODUCED:
 
105 ILCS 5/17-2.2c   from Ch. 122, par. 17-2.2c

    Amends the School Code. Provides that in addition to the purpose of leasing educational facilities or computer technology, a school board, by proper resolution, may levy an annual tax for the purpose of leasing transportation vehicles. Effective immediately.


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FISCAL NOTE ACT MAY APPLY
HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY

 

 

A BILL FOR

 

SB1753 LRB094 10880 RAS 41426 b

1     AN ACT concerning education.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The School Code is amended by changing Section
5 17-2.2c as follows:
 
6     (105 ILCS 5/17-2.2c)  (from Ch. 122, par. 17-2.2c)
7     Sec. 17-2.2c. Tax for leasing educational facilities, or
8 computer technology, or transportation vehicles or any
9 combination thereof both, and for temporary relocation expense
10 purposes. The school board of any district, by proper
11 resolution, may levy an annual tax, in addition to any other
12 taxes and not subject to the limitations specified elsewhere in
13 this Article, not to exceed .05% upon the value of the taxable
14 property as equalized or assessed by the Department of Revenue,
15 for the purpose of leasing educational facilities, or computer
16 technology, or transportation vehicles or any combination
17 thereof both, and, in order to repay the State all moneys
18 distributed to it for temporary relocation expenses of the
19 district, may levy an annual tax not to exceed .05% upon the
20 value of the taxable property as equalized or assessed by the
21 Department of Revenue for a period not to exceed 7 years for
22 the purpose of providing for the repayment of moneys
23 distributed for temporary relocation expenses of the school
24 district pursuant to Section 2-3.77.
25     The tax rate limit specified by this Section with respect
26 to an annual tax levied for the purpose of leasing educational
27 facilities, or computer technology, or transportation vehicles
28 or any combination thereof both may be increased to .10% upon
29 the approval of a proposition to effect such increase by a
30 majority of the electors voting on that proposition at a
31 regular scheduled election. Such proposition may be initiated
32 by resolution of the school board and shall be certified by the

 

 

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1 secretary to the proper election authorities for submission in
2 accordance with the general election law.
3     The district is authorized to pledge any tax levied
4 pursuant to this Section for the purpose of leasing educational
5 facilities, or computer technology, or transportation vehicles
6 or any combination thereof both to secure the payment of any
7 lease, lease-purchase agreement, or installment purchase
8 agreement entered into by the district for such purpose.
9     For the purposes of this Section, "leasing of educational
10 facilities, or computer technology, or transportation vehicles
11 or any combination thereof both" includes any payment with
12 respect to a lease, lease-purchase agreement, or installment
13 purchase agreement to acquire or use buildings, rooms, grounds,
14 and appurtenances to be used by the district for the use of
15 schools or for school administration purposes, and all
16 equipment, fixtures, renovations, and improvements to existing
17 facilities of the district necessary to accommodate computers,
18 as well as computer hardware and software, and vehicles for
19 school-related transportation, including buses.
20     Any school district may abolish or abate its fund for
21 leasing educational facilities, or computer technology, or
22 transportation vehicles or any combination thereof both and for
23 temporary relocation expense purposes upon the adoption of a
24 resolution so providing and upon a determination by the school
25 board that the moneys in the fund are no longer needed for
26 leasing educational facilities, or computer technology, or
27 transportation vehicles or any combination thereof both or for
28 temporary relocation expense purposes. The resolution shall
29 direct the transfer of any balance in the fund to another
30 school district fund or funds immediately upon the resolution
31 taking effect. Thereafter, any outstanding taxes of the school
32 district levied pursuant to this Section shall be collected and
33 paid into the fund or funds as directed by the school board.
34 Nothing in this Section shall prevent a school district that
35 has abolished or abated the fund from again creating a fund for
36 leasing educational facilities and for temporary relocation

 

 

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1 expense purposes in the manner provided in this Section.
2 (Source: P.A. 89-106, eff. 7-7-95; 90-97, eff. 7-11-97; 90-464,
3 eff. 8-17-97; 90-655, eff. 7-30-98.)
 
4     Section 99. Effective date. This Act takes effect upon
5 becoming law.