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<xml>
<title>Illinois General Assembly - Bill Status for HB 3908   </title>
<shortdesc>SCH CD-ST AID-LOCAL RESOURCES</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Michael K. Smith</sponsors>
</sponsor>
<lastaction>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>105 ILCS 5/18-8.05</reference><aliasreference></aliasreference><SynopsisText>     Amends the School Code. In the State aid formula provisions, changes a component used to calculate local property tax revenues per pupil and a component used to adjust the real property equalized assessed valuation, for a school district maintaining grades 9 through 12, from 1.05% to (i) 1.06% for the 2004-2005 school year, (ii) 1.07% for the 2005-2006 school year, (iii) 1.08% for the 2006-2007 school year, (iv) 1.09% for the 2007-2008 school year, and (v) 1.10% for the 2008-2009 school year and each school year thereafter. Effective July 1, 2004.</SynopsisText></synopsis>
<actions>
<statusdate>11/13/2003</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Michael K. Smith</action>
<statusdate>11/18/2003</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>11/18/2003</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/11/2005</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

