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105 ILCS 5/2-3.131
(105 ILCS 5/2-3.131)
Sec. 2-3.131. Transitional assistance payments.
(a) If the amount that
the State Board of Education will pay to
a school
district from fiscal year 2004 appropriations, as estimated by the State
Board of Education on April 1, 2004, is less than the amount that the
State Board of Education paid to the school district from fiscal year 2003
appropriations, then, subject to appropriation, the State Board of
Education shall make a fiscal year 2004 transitional assistance payment
to the school district in an amount equal to the difference between the
estimated amount to be paid from fiscal year 2004 appropriations and
the amount paid from fiscal year 2003 appropriations.
(b) If the amount that
the State Board of Education will pay to
a school
district from fiscal year 2005 appropriations, as estimated by the State
Board of Education on April 1, 2005, is less than the amount that the
State Board of Education paid to the school district from fiscal year 2004
appropriations, then the State Board of
Education shall make a fiscal year 2005 transitional assistance payment
to the school district in an amount equal to the difference between the
estimated amount to be paid from fiscal year 2005 appropriations and
the amount paid from fiscal year 2004 appropriations.
(c) If the amount that
the State Board of Education will pay to
a school
district from fiscal year 2006 appropriations, as estimated by the State
Board of Education on April 1, 2006, is less than the amount that the
State Board of Education paid to the school district from fiscal year 2005
appropriations, then the State Board of
Education shall make a fiscal year 2006 transitional assistance payment
to the school district in an amount equal to the difference between the
estimated amount to be paid from fiscal year 2006 appropriations and
the amount paid from fiscal year 2005 appropriations.
(d) If the amount that
the State Board of Education will pay to
a school
district from fiscal year 2007 appropriations, as estimated by the State
Board of Education on April 1, 2007, is less than the amount that the
State Board of Education paid to the school district from fiscal year 2006
appropriations, then the State Board of
Education, subject to appropriation, shall make a fiscal year 2007 transitional assistance payment
to the school district in an amount equal to the difference between the
estimated amount to be paid from fiscal year 2007 appropriations and
the amount paid from fiscal year 2006 appropriations.
(e) Subject to appropriation, beginning on July 1, 2007, the State Board of Education shall adjust prior year information for the transitional assistance calculations under this Section in the event of the creation or reorganization of any school district pursuant to Article 11E of this Code, the dissolution of an entire district and the annexation of all of its territory to one or more other districts pursuant to Article 7 of this Code, or a boundary change whereby the enrollment of the annexing district increases by 90% or more as a result of annexing territory detached from another district pursuant to Article 7 of this Code.
(f) If the amount that
the State Board of Education will pay to
a school
district from fiscal year 2008 appropriations, as estimated by the State
Board of Education on April 1, 2008, is less than the amount that the
State Board of Education paid to the school district from fiscal year 2007
appropriations, then the State Board of
Education, subject to appropriation, shall make a fiscal year 2008 transitional assistance payment
to the school district in an amount equal to the difference between the
estimated amount to be paid from fiscal year 2008 appropriations and
the amount paid from fiscal year 2007 appropriations.
(g) If the amount that the State Board of Education will pay to a school district from fiscal year 2009 appropriations, as estimated by the State Board of Education on April 1, 2009, is less than the amount that the State Board of Education paid to the school district from fiscal year 2008 appropriations, then the State Board of Education, subject to appropriation, shall make a fiscal year 2009 transitional assistance payment to the school district in an amount equal to the difference between the estimated amount to be paid from fiscal year 2009 appropriations and the amount paid from fiscal year 2008 appropriations. (Source: P.A. 94-69, eff. 7-1-05; 94-835, eff. 6-6-06; 95-331, eff. 8-21-07; 95-707, eff. 1-11-08; 95-744, eff. 7-18-08.)
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