SCHOOLS-FUNDING Senate SponsorsSen. M. Maggie Crotty House Sponsors(Rep. Roger L. Eddy-Thomas Holbrook and William B. Black) 1/12/2011SenateSession Sine Die 105 ILCS 5/17-2Afrom Ch. 122, par. 17-2A105 ILCS 5/20-1from Ch. 122, par. 20-1105 ILCS 5/20-2from Ch. 122, par. 20-2105 ILCS 5/20-3from Ch. 122, par. 20-3105 ILCS 5/20-4from Ch. 122, par. 20-4105 ILCS 5/20-5from Ch. 122, par. 20-5105 ILCS 5/20-7from Ch. 122, par. 20-7105 ILCS 5/20-8from Ch. 122, par. 20-8105 ILCS 5/20-9from Ch. 122, par. 20-9105 ILCS 5/20-10 newAmends the School Code. Deletes a provision applicable to school districts with a population of less than 500,000 requiring that permanent interfund transfers not otherwise authorized by law must be made to the fund of the school district most in need of the funds being transferred. Allows school districts to increase, abate, maintain, abolish, and re-create working cash funds. Provides that moneys in the working cash fund may be used by the school board for any and all school purposes. Makes other changes. Effective immediately.Senate Committee Amendment No. 1 Deletes reference to:105 ILCS 5/17-2ADeletes everything after the enacting clause. Reinserts the contents of the bill as introduced with the following changes. Removes the Section concerning interfund transfers. Provides that a working cash fund may be created and maintained consistent with the limitations of the Working Cash Fund Article of the School Code (instead of allowing the fund to be created, increased, abated, maintained, administered, abolished, and re-created in the manner prescribed in that Article). Makes technical corrections. Effective immediately.House Committee Amendment No. 1 Deletes reference to:105 ILCS 5/20-1from Ch. 122, par. 20-1105 ILCS 5/20-2from Ch. 122, par. 20-2105 ILCS 5/20-3from Ch. 122, par. 20-3105 ILCS 5/20-4from Ch. 122, par. 20-4105 ILCS 5/20-5from Ch. 122, par. 20-5105 ILCS 5/20-7from Ch. 122, par. 20-7105 ILCS 5/20-8from Ch. 122, par. 20-8105 ILCS 5/20-9from Ch. 122, par. 20-9105 ILCS 5/20-10 newAdds reference to:35 ILCS 200/18-18535 ILCS 200/18-213Deletes everything after the enacting clause. Amends the Property Tax Extension Limitation Law in the Property Tax Code. Changes the definition of "debt service extension base" to include extensions for principal and interest payments on bonds issued by individual taxing districts that merged or consolidated to form a taxing district. Makes changes concerning the applicability of the Law to merged or consolidated districts and to districts with boundary changes. Provides that the Law applies to those districts if (i) the majority of the taxing district's equalized assessed valuation as of the effective date of the boundary change, merger, or consolidation is located in an affected county or counties or (ii) the majority of the taxing district's equalized assessed valuation as of the effective date of the boundary change, merger, or consolidation is located in one or more counties in which the voters have approved a referendum, and none of the equalized valuation of the taxing district is located in a county (other than an affected county) that has never held a referendum. Effective immediately. 2/10/2010SenateFiled with Secretary by Sen. M. Maggie Crotty 2/10/2010SenateFirst Reading 2/10/2010SenateReferred to Assignments 2/24/2010SenateAssigned to Education 2/25/2010SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. M. Maggie Crotty 2/25/2010SenateSenate Committee Amendment No. 1 Referred to Assignments 3/2/2010SenateSenate Committee Amendment No. 1 Assignments Refers to Education 3/2/2010SenateSenate Committee Amendment No. 1 Adopted 3/3/2010SenateDo Pass as Amended Education; 007-002-001 3/3/2010SenatePlaced on Calendar Order of 2nd Reading March 4, 2010 3/15/2010SenateSecond Reading 3/15/2010SenatePlaced on Calendar Order of 3rd Reading March 16, 2010 3/18/2010SenateThird Reading - Passed; 038-016-000 3/18/2010HouseArrived in House 3/18/2010HouseChief House Sponsor Rep. Paul D. Froehlich 3/18/2010HousePlaced on Calendar Order of First Reading 3/18/2010HouseFirst Reading 3/18/2010HouseReferred to Rules Committee 3/24/2010HouseAlternate Chief Sponsor Changed to Rep. Roger L. Eddy 4/8/2010HouseAssigned to Elementary & Secondary Education Committee 4/13/2010HouseAdded Alternate Co-Sponsor Rep. William B. Black 4/15/2010HouseAdded Alternate Chief Co-Sponsor Rep. Thomas Holbrook 4/19/2010HouseRe-assigned to Executive Committee 4/23/2010HouseRule 19(a) / Re-referred to Rules Committee 11/10/2010HouseFinal Action Deadline Extended-9(b) January 11, 2011 11/10/2010HouseAssigned to Revenue & Finance Committee 11/16/2010HouseHouse Committee Amendment No. 1 Filed with Clerk by Revenue & Finance Committee 11/16/2010HouseHouse Committee Amendment No. 1 Adopted in Revenue & Finance Committee; by Voice Vote 11/16/2010HouseRemains in Revenue & Finance Committee 1/12/2011SenateSession Sine Die