Sen. James T. Meeks

Filed: 5/13/2005

 

 


 

 


 
09400HB0755sam004 LRB094 06595 BDD 46634 a

1
AMENDMENT TO HOUSE BILL 755

2     AMENDMENT NO. ______. Amend House Bill 755, AS AMENDED,
3 with reference to page and line numbers of Senate Amendment No.
4 2, as follows:
 
5 on page 4, line 2, after "increased by", by inserting "the
6 lesser of 3.5% or"; and
 
7 on page 49, line 27, after "fiscal year", by inserting ",
8 unless the foundation level is increased by law to a higher
9 amount"; and
 
10 on page 79, line 9, by changing "14-17.03" to "14-7.03"; and
 
11 on page 79, immediately below line 19, by inserting the
12 following:
13         "(7) On the first day of each month, or as soon
14     thereafter as practical, beginning on August 1, 2006, the
15     Treasurer shall transfer to the State Board of Education
16     $2,500,000 for the purposes of making grants under Sections
17     2-3.71, 2-3.71a, and 2-3.89 of this Code. On August 1,
18     2007, and each August 1 thereafter, the monthly amount
19     transferred under this item (7) shall be increased by the
20     lesser of 3.5% or the percentage increase, in the previous
21     12-month period ending on June 31, of the Consumer Price
22     Index for all Urban Consumers published by the federal

 

 

09400HB0755sam004 - 2 - LRB094 06595 BDD 46634 a

1     Bureau of Labor Statistics."; and
 
2 on page 79, line 20, by changing "(7)" to "(8)".