Bill Status of HB4210  9th General Assembly

Short Description:  MUNI CD-SURPLUS FUNDS

House Sponsors
Rep. Maria Antonia Berrios - Greg Harris - Jaime M. Andrade, Jr. and Ann Williams

Last Action
DateChamber Action
  12/3/2014HouseSession Sine Die

Statutes Amended In Order of Appearance
65 ILCS 5/11-74.4-7from Ch. 24, par. 11-74.4-7
65 ILCS 5/11-74.4-8from Ch. 24, par. 11-74.4-8

Synopsis As Introduced
Amends the Illinois Municipal Code. Provides that in municipalities with more than 1,000,000 inhabitants, all surplus funds in the special tax allocation fund shall be distributed annually within 180 days after the close of the municipality's fiscal year by being paid by the municipal treasurer to any public school district operating under general school law in the municipality. Further provides that if there are 2 or more school districts operating under general school law in the municipality, the funds shall be disbursed proportionately to the number of students enrolled in each district. Prohibits special charter districts from receiving these surplus funds. Effective immediately.

DateChamber Action
  1/14/2014HouseFiled with the Clerk by Rep. Maria Antonia Berrios
  1/15/2014HouseFirst Reading
  1/15/2014HouseReferred to Rules Committee
  1/16/2014HouseAdded Chief Co-Sponsor Rep. Greg Harris
  1/22/2014HouseAdded Co-Sponsor Rep. Ann Williams
  2/11/2014HouseAdded Chief Co-Sponsor Rep. Jaime M. Andrade, Jr.
  12/3/2014HouseSession Sine Die