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91_HB2881
LRB9107494NTsbB
1 AN ACT to amend the School Construction Law by changing
2 Sections 5-15 and 5-35.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The School Construction Law is amended by
6 changing Sections 5-15 and 5-35 as follows:
7 (105 ILCS 230/5-15)
8 Sec. 5-15. Grant entitlements.
9 (a) The State Board of Education is authorized to issue
10 grant entitlements for school construction projects and debt
11 service and shall determine the priority order for school
12 construction project grants to be made by the Capital
13 Development Board. When issuing a grant entitlement for a
14 school construction project, the Capital Development Board,
15 as a part of that entitlement, shall certify to the district
16 receiving the entitlement the dollar amount of the school
17 construction project's cost that the district will be
18 required to finance with non-grant funds in order to qualify
19 to receive a school construction project grant under this
20 Article from the Capital Development Board.
21 (b) In no event shall the amount of the actual school
22 construction project grant be less than the amount of the
23 initial grant entitlement issued in accordance with this
24 Section. This subsection (b) applies to all grant
25 entitlements for school construction projects issued by the
26 State Board of Education, including those issued before the
27 effective date of this amendatory Act of the 91st General
28 Assembly.
29 (Source: P.A. 90-548, eff. 1-1-98; 91-55, eff. 6-30-99.)
30 (105 ILCS 230/5-35)
-2- LRB9107494NTsbB
1 Sec. 5-35. School construction project grant amounts;
2 permitted use; prohibited use.
3 (a) The product of the district's grant index, which may
4 not be less than the grant index used in the initial
5 determination of grant eligibility in the issuance of a grant
6 entitlement, and the recognized project cost, as determined
7 by the Capital Development Board, for an approved school
8 construction project shall equal the amount of the grant the
9 Capital Development Board shall provide to the eligible
10 district. The grant index shall not be used in cases where
11 the General Assembly and the Governor approve appropriations
12 designated for specifically identified school district
13 construction projects.
14 (b) In each fiscal year in which school construction
15 project grants are awarded, 20% of the total amount awarded
16 statewide shall be awarded to a school district with a
17 population exceeding 500,000, provided such district complies
18 with the provisions of this Article.
19 In addition to the uses otherwise authorized by this Law,
20 any school district with a population exceeding 500,000 is
21 authorized to use any or all of the school construction
22 project grants (i) to pay debt service, as defined in the
23 Local Government Debt Reform Act, on bonds, as defined in the
24 Local Government Debt Reform Act, issued to finance one or
25 more school construction projects and (ii) to the extent that
26 any such bond is a lease or other installment or financing
27 contract between the school district and a public building
28 commission that has issued bonds to finance one or more
29 qualifying school construction projects, to make lease
30 payments under the lease.
31 (c) No portion of a school construction project grant
32 awarded by the Capital Development Board shall be used by a
33 school district for any on-going operational costs.
34 (Source: P.A. 90-548, eff. 1-1-98; 91-38, eff. 6-15-99.)
-3- LRB9107494NTsbB
1 Section 99. Effective date. This Act takes effect upon
2 becoming law.