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91_HB4332 LRB9112318NTks 1 AN ACT to amend the School Construction Law by changing 2 Section 5-5. 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 Section 5-5 as follows: 7 (105 ILCS 230/5-5) 8 Sec. 5-5. Definitions. As used in this Article: 9 "Approved school construction bonds" mean bonds that were 10 approved by referendum after January 1, 1996 but prior to 11 January 1, 1998 as provided in Sections 19-2 through 19-7 of 12 the School Code to provide funds for the acquisition, 13 development, construction, reconstruction, rehabilitation, 14 improvement, architectural planning, and installation of 15 capital facilities consisting of buildings, structures, 16 durable-equipment, and land for educational purposes. 17 "Grant index" means a figure for each school district 18 equal to one minus the ratio of the district's equalized 19 assessed valuation per pupil in average daily attendance to 20 the equalized assessed valuation per pupil in average daily 21 attendance of the district located at the 90th percentile for 22 all districts of the same type. The grant index shall be no 23 less than 0.45
0.35and no greater than 0.85 0.75for each 24 district; provided that the grant index for districts whose 25 equalized assessed valuation per pupil in average daily 26 attendance is at the 99th percentile and above for all 27 districts of the same type shall be 0.00. 28 "School construction project" means the acquisition, 29 development, construction, reconstruction, rehabilitation, 30 improvement, architectural planning, and installation of 31 capital facilities consisting of buildings, structures, -2- LRB9112318NTks 1 durable equipment, and land for educational purposes. 2 "School maintenance project" means a project, other than 3 a school construction project, intended to provide for the 4 maintenance or upkeep of buildings or structures for 5 educational purposes, but does not include ongoing 6 operational costs. 7 (Source: P.A. 90-548, eff. 1-1-98; 91-38, eff. 6-15-99.) 8 Section 99. Effective date. This Act takes effect on 9 July 1, 2000.
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