CURRIE-BEAUBIEN-OSMOND-GILES. (PETERSON-LINK-GEO-KARIS-OBAMA) 105 ILCS 5/34-53.5 new Amends the School Code. Allows the Chicago Board of Education to levy a capital improvement tax, beginning in calendar year 2003 and every year thereafter, to provide revenue for specified capital improvement purposes. Provides that an initial tax levy must be approved by the Chicago City Council before it can be extended. If the Chicago City Council does not approve a resolution to approve or disapprove a capital improvement tax levy within 60 days, the initial tax levy is deemed disapproved. Authorizes the Chicago Board of Education to issue bonds against any revenues to be collected from the capital improvement tax in any year and may pledge those revenues as security for the payment of the bonds. Effective immediately. HOUSE AMENDMENT NO. 1. Adds reference to: 35 ILCS 200/18-185 35 ILCS 200/18-190.5 new Deletes everything after the enacting clause. Amends the School Code. Allows the Chicago Board of Education to levy a capital improvement tax to provide revenue for specified capital improvement purposes. Provides that an initial tax levy must be approved by the Chicago City Council before it can be extended. If the Chicago City Council does not approve a resolution to approve or disapprove a capital improvement tax levy within 60 days, the initial tax levy is deemed disapproved. Authorizes the Chicago Board of Education to issue bonds against any revenues to be collected from the capital improvement tax in any year and pledge those revenues as security for the payment of the bonds. Amends the Property Tax Code. Excludes extensions made pursuant to these provisions from the definition of aggregate extension under the Property Tax Extension Limitation Law and provides that the requirements under the Law for a direct referendum on the imposition of a new or increased tax rate do not apply. Effective immediately. FISCAL NOTE, H-AM 1 (Department of Revenue) HB 5734 would not create a fiscal impact for the Department of Revenue nor would it impact any of the taxes the Department is required to administer and collect. HOUSE AMENDMENT NO. 3. Adds reference to: 5 ILCS 140/2 from Ch. 116, par. 202 35 ILCS 200/18-241 new 50 ILCS 405/1.23 new 105 ILCS 5/1E-1 new 105 ILCS 5/1E-5 new 105 ILCS 5/1E-10 new 105 ILCS 5/1E-15 new 105 ILCS 5/1E-20 new 105 ILCS 5/1E-25 new 105 ILCS 5/1E-30 new 105 ILCS 5/1E-35 new 105 ILCS 5/1E-40 new 105 ILCS 5/1E-45 new 105 ILCS 5/1E-50 new 105 ILCS 5/1E-55 new 105 ILCS 5/1E-60 new 105 ILCS 5/1E-65 new 105 ILCS 5/1E-70 new 105 ILCS 5/1E-75 new 105 ILCS 5/1E-80 new 105 ILCS 5/1E-85 new 105 ILCS 5/1E-95 new 105 ILCS 5/1E-100 new 105 ILCS 5/1E-105 new 105 ILCS 5/1E-110 new 105 ILCS 5/1E-115 new 105 ILCS 5/1E-120 new 105 ILCS 5/1E-125 new 105 ILCS 5/1E-130 new 105 ILCS 5/1E-135 new 105 ILCS 5/1E-140 new 105 ILCS 5/1E-145 new 105 ILCS 5/1E-150 new 105 ILCS 5/1E-155 new 105 ILCS 5/1E-160 new 115 ILCS 5/2 from Ch. 48, par. 1702 Further amends the School Code to allow a Financial Oversight Panel to petition the State Board of Education for the establishment of a School Finance Authority to exercise financial control over the school district and to furnish financial assistance. Provides that upon approval of the petition, the Financial Oversight Panel is abolished. Provides for appointment of Authority members by the State Superintendent of Education. Includes provisions concerning appointing a chief educational officer; the power to negotiate collective bargaining agreements; the power to issue bonds and levy taxes; reporting to the Governor, General Assembly, and State Superintendent; auditing the Authority; the property of the Authority being exempt from taxation; and abolition of the Authority. Makes changes to the Freedom of Information Act, the Property Tax Code, the Local Government Debt Limitation Act, and the Illinois Educational Labor Relations Act. FEB-07-2002 H FILED WITH CLERK FEB-07-2002 H FIRST READING FEB-07-2002 H REFERRED TO HOUSE RULES COMMITTEE RULES FEB-13-2002 H ASSIGNED TO COMMITTEE REVENUE FEB-22-2002 H AMENDMENT NO. 01-REVENUE H FEB-22-2002 H ADOPTED SUBCOM FEB-22-2002 H DO PASS AS AMENDED/STANDARD DEBATE 007-004-000 HREV FEB-22-2002 H PLACED CAL 2ND READING-STANDARD DEBATE MAR-15-2002 H FISCAL NOTE REQUESTED AS AMENDED BY HA #1/BLACK MAR-15-2002 H CALENDAR ORDER 2ND READING-STANDARD DBT MAR-20-2002 H AMENDMENT NO. 02-BEAUBIEN MAR-20-2002 H AMENDMENT REFERRED TO HRUL MAR-20-2002 H CALENDAR ORDER 2ND READING-STANDARD DBT MAR-21-2002 H FISCAL NOTE FILED AS AMENDED BY HOUSE AMEND #1 MAR-21-2002 H CALENDAR ORDER 2ND READING-STANDARD DBT MAR-22-2002 H SECOND READING-STANDARD DEBATE MAR-22-2002 H HELD CAL ORDER 2ND READING-STANDARD DBT APR-01-2002 H AMENDMENT NO. 03-BEAUBIEN APR-01-2002 H AMENDMENT REFERRED TO HRUL APR-01-2002 H HELD CAL ORDER 2ND READING-STANDARD DBT APR-02-2002 H AMENDMENT NO. 03-BEAUBIEN APR-02-2002 H RULES REFERS TO HREV APR-02-2002 H HELD CAL ORDER 2ND READING-STANDARD DBT APR-03-2002 H AMENDMENT NO. 03-BEAUBIEN APR-03-2002 H RECOMMENDS BE ADOPTED HREV/009-000-000 APR-03-2002 H AMENDMENT NO. 03-BEAUBIEN APR-03-2002 H ADOPTED APR-03-2002 H PLCD CAL ORDER 3RD READING-STNDRD DEBATE APR-04-2002 H ADDED AS A JOINT SPONSOR BEAUBIEN APR-04-2002 H TABLED PURSUANT TO RULE 40(a) HA #02 APR-04-2002 H THIRD READING/STANDARD DEBATE/PASS 076-041-001 APR-04-2002 H ADDED AS A JOINT SPONSOR OSMOND APR-04-2002 H ADDED AS A JOINT SPONSOR GILES APR-04-2002 S ARRIVE IN SENATE APR-04-2002 S PLACED CALENDAR ORDER OF FIRST READING 02-04-09 APR-04-2002 S CHIEF SPONSOR PETERSON APR-09-2002 S ADDED AS A CHIEF CO-SPONSOR LINK APR-09-2002 S ADDED AS A CHIEF CO-SPONSOR GEO-KARIS APR-09-2002 S FIRST READING APR-09-2002 S REFERRED TO SENATE RULES COMMITTEE RULES APR-10-2002 S ASSIGNED TO COMMITTEE EDUCATION APR-17-2002 S ADDED AS A CHIEF CO-SPONSOR OBAMA APR-17-2002 S DO PASS 009-001-000 SESE APR-17-2002 S PLACED ON CALENDAR ORDER OF 2ND READING 02-04-18 APR-18-2002 S SECOND READING APR-18-2002 S PLACED ON CALENDAR ORDER OF 3RD READING 02-04-23 APR-25-2002 S THIRD READING - PASSED 051-002-000 APR-25-2002 H PASSED BOTH HOUSES MAY-17-2002 H SENT TO THE GOVERNOR JUN-13-2002 H GOVERNOR APPROVED JUN-13-2002 H EFFECTIVE DATE 02-06-13 JUN-13-2002 H PUBLIC ACT.............................. 92-0547 END OF INQUIRY Full Text Bill Summary