SCH CD-FINANCE OVERSIGHT PANEL House SponsorsRep. Roger L. Eddy Senate Sponsors(Sen. Dale A. Righter) 1/8/2013HouseSession Sine Die 35 ILCS 200/18-50.135 ILCS 200/18-9235 ILCS 200/18-241105 ILCS 5/1B-8from Ch. 122, par. 1B-8105 ILCS 5/Art. 1H heading new105 ILCS 5/1H-1 new105 ILCS 5/1H-5 new105 ILCS 5/1H-10 new105 ILCS 5/1H-15 new105 ILCS 5/1H-20 new105 ILCS 5/1H-25 new105 ILCS 5/1H-30 new105 ILCS 5/1H-35 new105 ILCS 5/1H-40 new105 ILCS 5/1H-41 new105 ILCS 5/1H-42 new105 ILCS 5/1H-45 new105 ILCS 5/1H-50 new105 ILCS 5/1H-55 new105 ILCS 5/1H-60 new105 ILCS 5/1H-65 new105 ILCS 5/1H-70 new105 ILCS 5/1H-75 new105 ILCS 5/1H-80 new105 ILCS 5/1H-85 new105 ILCS 5/1H-90 new105 ILCS 5/1H-95 new105 ILCS 5/1H-100 new105 ILCS 5/1H-105 new105 ILCS 5/1H-110 new105 ILCS 5/1H-115 new105 ILCS 5/1H-120 new105 ILCS 5/1H-125 new105 ILCS 5/1H-130 new105 ILCS 5/1H-135 new105 ILCS 5/1H-140 new105 ILCS 5/1H-145 new105 ILCS 5/1H-150 new105 ILCS 5/1H-155 new105 ILCS 5/1H-160 new105 ILCS 5/1H-165 new105 ILCS 5/1H-170 new Creates the Financial Oversight Panel Law of the School Code. Allows a school district (other than the Chicago school district) to petition the State Board of Education for the establishment of a Financial Oversight Panel for the district. Allows the State Board to establish a Financial Oversight Panel without a petition from a district. Contains provisions concerning duties of the district; members and meetings of a Panel; powers of a Panel; officers of a Panel; collective bargaining agreements; deposits and investments; cash and bank accounts; the financial, management, and budgetary structure; the School District Emergency Financial Assistance Fund; grants and loans; the issuance of bonds; a tax levy; a debt service fund; a debt service reserve fund; bond anticipation notes; tax anticipation warrants; reports; a Panel audit; Panel property being exempt from taxation; sanctions; and abolition of a Panel. Makes related changes in the School Code and the Property Tax Code. Effective July 1, 2011.House Committee Amendment No. 4 Deletes reference to:35 ILCS 200/18-50.135 ILCS 200/18-9235 ILCS 200/18-241105 ILCS 5/1B-8from Ch. 122, par. 1B-8105 ILCS 5/Art. 1H heading new105 ILCS 5/1H-1 new105 ILCS 5/1H-5 new105 ILCS 5/1H-10 new105 ILCS 5/1H-15 new105 ILCS 5/1H-20 new105 ILCS 5/1H-25 new105 ILCS 5/1H-30 new105 ILCS 5/1H-35 new105 ILCS 5/1H-40 new105 ILCS 5/1H-41 new105 ILCS 5/1H-42 new105 ILCS 5/1H-45 new105 ILCS 5/1H-50 new105 ILCS 5/1H-55 new105 ILCS 5/1H-60 new105 ILCS 5/1H-65 new105 ILCS 5/1H-70 new105 ILCS 5/1H-75 new105 ILCS 5/1H-80 new105 ILCS 5/1H-85 new105 ILCS 5/1H-90 new105 ILCS 5/1H-95 new105 ILCS 5/1H-100 new105 ILCS 5/1H-105 new105 ILCS 5/1H-110 new105 ILCS 5/1H-115 new105 ILCS 5/1H-120 new105 ILCS 5/1H-125 new105 ILCS 5/1H-130 new105 ILCS 5/1H-135 new105 ILCS 5/1H-140 new105 ILCS 5/1H-145 new105 ILCS 5/1H-150 new105 ILCS 5/1H-155 new105 ILCS 5/1H-160 new105 ILCS 5/1H-165 new105 ILCS 5/1H-170 newAdds reference to:105 ILCS 5/1D-1Replaces everything after the enacting clause. Amends the Block Grants for Chicago Article of the School Code. Provides that, beginning with the 2011-2012 school year, the district shall submit application, approval data, and claim information in the same manner and format as all other school districts for programs provided in the general education and educational services block grant. Effective immediately. 2/23/2011HouseFiled with the Clerk by Rep. Roger L. Eddy 2/23/2011HouseFirst Reading 2/23/2011HouseReferred to Rules Committee 2/28/2011HouseAssigned to Executive Committee 3/15/2011HouseHouse Committee Amendment No. 1 Filed with Clerk by Rep. Roger L. Eddy 3/15/2011HouseHouse Committee Amendment No. 1 Referred to Rules Committee 3/17/2011HouseHouse Committee Amendment No. 1 Tabled Pursuant to Rule 40 3/17/2011HouseCommittee Deadline Extended-Rule 9(b) April 15, 2011 4/4/2011HouseHouse Committee Amendment No. 2 Filed with Clerk by Rep. Roger L. Eddy 4/4/2011HouseHouse Committee Amendment No. 2 Referred to Rules Committee 4/11/2011HouseHouse Committee Amendment No. 3 Filed with Clerk by Rep. Roger L. Eddy 4/11/2011HouseHouse Committee Amendment No. 3 Referred to Rules Committee 4/12/2011HouseRe-assigned to Elementary & Secondary Education Committee 4/12/2011HouseHouse Committee Amendment No. 2 Rules Refers to Elementary & Secondary Education Committee 4/12/2011HouseHouse Committee Amendment No. 3 Rules Refers to Elementary & Secondary Education Committee 4/15/2011HouseFinal Action Deadline Extended-9(b) May 6, 2011 5/6/2011HouseFinal Action Deadline Extended-9(b) May 20, 2011 5/19/2011HouseHouse Committee Amendment No. 4 Filed with Clerk by Rep. Roger L. Eddy 5/19/2011HouseHouse Committee Amendment No. 4 Referred to Rules Committee 5/20/2011HouseHouse Committee Amendment No. 4 Rules Refers to Elementary & Secondary Education Committee 5/20/2011HouseFinal Action Deadline Extended-9(b) May 27, 2011 5/26/2011HouseHouse Committee Amendment No. 4 Adopted in Elementary & Secondary Education Committee; by Voice Vote 5/26/2011HouseDo Pass as Amended / Short Debate Elementary & Secondary Education Committee; 018-002-000 5/26/2011HousePlaced on Calendar 2nd Reading - Short Debate 5/26/2011HouseHouse Committee Amendment No. 2 Tabled Pursuant to Rule 40 5/26/2011HouseHouse Committee Amendment No. 3 Tabled Pursuant to Rule 40 5/26/2011HouseSecond Reading - Short Debate 5/26/2011HouseHeld on Calendar Order of Second Reading - Short Debate 5/27/2011HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/27/2011HouseThird Reading - Short Debate - Passed 114-002-000 5/27/2011SenateArrive in Senate 5/27/2011SenatePlaced on Calendar Order of First Reading 5/27/2011SenateChief Senate Sponsor Sen. Emil Jones, III 5/28/2011SenateFirst Reading 5/28/2011SenateReferred to Assignments 5/29/2011SenateAlternate Chief Sponsor Changed to Sen. Dale A. Righter 1/8/2013HouseSession Sine Die