OBAMA. 105 ILCS 5/2-3.131 new Amends the School Code. Creates the Certified Teacher Retention Bonus Program. Allows a school district to apply for a grant each school year from the State Board of Education on behalf of schools in the district that are on the Academic Watch List or Early Academic Warning List and have a high rate of teacher turnover. Provides that the amount of the grant shall be sufficient to award bonuses to high-quality, certified, veteran teachers, not to exceed 20% of the certified teachers at the school. Provides that the one-time bonus shall equal 25% of the teacher's base salary. Requires the teacher to agree to teach at the school for an additional 4 school years. Requires the State Board of Education to conduct an annual evaluation of the Program and submit a report on each evaluation to the General Assembly. Repeals these provisions on July 1, 2007. Effective July 1, 2002. FEB-07-2002 S FIRST READING FEB-07-2002 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary