SCH CD-STATE AID RECOMPUTATION Senate SponsorsSen. Pamela J. Althoff-Michael Noland House Sponsors(Rep. Michael W. Tryon-Keith Farnham) 1/12/2011SenateSession Sine Die 105 ILCS 5/2-3.33from Ch. 122, par. 2-3.33Amends the School Code. With respect to requests for recomputation of a general State aid claim received regarding a county clerk's use of an estimate of equalized assessed valuation for multi-county jurisdictions that resulted in the calculation and use of a subsequent year limiting rate, utilized in the general State aid claim of a school district, that was different than the actual operating rate extended in the year subsequent to the use of the estimate, provides that the district's general State aid shall be recalculated in the first year applicable by substituting the operating tax rate, instead of the limiting rate, for the base tax year in the numerator of the Extension Limitation Ratio as calculated under the State aid formula provisions of the School Code. Provides that no such adjustment shall be made regarding the Extension Limitation Equalized Assessed Valuation unless the district's Extension Limitation Equalized Assessed Valuation is changed by greater than $5,000,000 or 5%. Provides that any subsequent year Available Local Resources that have been calculated under the State aid formula provisions shall utilize the recomputed value of the Extension Limitation Equalized Assessed Valuation that was determined from the preceding year recomputation until the district's current year State aid claim is calculated such that the original year and all subsequent year's recomputations are calculated and reflected in the current year general State aid claim. Effective immediately. 2/20/2009SenateFiled with Secretary by Sen. Pamela J. Althoff 2/20/2009SenateFirst Reading 2/20/2009SenateReferred to Assignments 3/4/2009SenateAssigned to Revenue 3/12/2009SenateDo Pass Revenue; 007-000-001 3/12/2009SenatePlaced on Calendar Order of 2nd Reading March 17, 2009 3/24/2009SenateSecond Reading 3/24/2009SenatePlaced on Calendar Order of 3rd Reading March 25, 2009 4/1/2009SenateThird Reading - Passed; 058-000-000 4/2/2009HouseArrived in House 4/2/2009HousePlaced on Calendar Order of First Reading 4/3/2009HouseChief House Sponsor Rep. Michael W. Tryon 4/6/2009HouseFirst Reading 4/6/2009HouseReferred to Rules Committee 4/20/2009HouseAssigned to Executive Committee 4/28/2009HouseRe-assigned to Elementary & Secondary Education Committee 5/6/2009HouseDo Pass / Short Debate Elementary & Secondary Education Committee; 012-000-007 5/6/2009HousePlaced on Calendar 2nd Reading - Short Debate 5/19/2009HouseSecond Reading - Short Debate 5/19/2009HouseHeld on Calendar Order of Second Reading - Short Debate 5/20/2009HouseHouse Floor Amendment No. 1 Filed with Clerk by Rep. Michael W. Tryon 5/20/2009HouseHouse Floor Amendment No. 1 Referred to Rules Committee 5/22/2009SenateAdded as Chief Co-Sponsor Sen. Michael Noland 5/22/2009HouseFinal Action Deadline Extended-9(b) May 29, 2009 5/28/2009HouseAdded Alternate Chief Co-Sponsor Rep. Keith Farnham 5/29/2009HouseFinal Action Deadline Extended-9(b) May 31, 2009 5/31/2009HouseRule 19(a) / Re-referred to Rules Committee 1/12/2011SenateSession Sine Die