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90_HB3331
105 ILCS 230/5-5
105 ILCS 230/5-20
105 ILCS 230/5-50
Amends the School Construction Law. Changes the
definition of approved school construction bonds in
connection with the issuance of which school districts may be
eligible for debt service grants to mean bonds that are
approved by referendum after January 1, 1996 but prior to
January 1, 1997 (now, prior to January 1, 1998). Provides
that a school district's application for a school
construction project grant is to set forth the proceeds the
district received or is to receive from bonds issued for a
school construction project pursuant to a referendum of the
voters of the district held on or after January 1, 1997
authorizing issuance of the bonds. Adds that a district that
has passed a school construction bond referendum on or after
January 1, 1997 does not have to again resubmit the project
to a referendum in order to receive a grant entitlement for a
school construction project. Effective immediately.
LRB9008121THpkA
LRB9008121THpkA
1 AN ACT to amend the School Construction Law by changing
2 Sections 5-5, 5-20, and 5-50.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The School Construction Law is amended by
6 changing Sections 5-5, 5-20, and 5-50 as follows:
7 (105 ILCS 230/5-5)
8 Sec. 5-5. Definitions. As used in this Article:
9 "Approved school construction bonds" mean bonds that were
10 approved by referendum after January 1, 1996 but prior to
11 January 1, 1997 January 1, 1998 as provided in Sections 19-2
12 through 19-7 of the School Code to provide funds for the
13 acquisition, development, construction, reconstruction,
14 rehabilitation, improvement, architectural planning, and
15 installation of capital facilities consisting of buildings,
16 structures, durable-equipment, and land for educational
17 purposes.
18 "Grant index" means a figure for each school district
19 equal to one minus the ratio of the district's equalized
20 assessed valuation per pupil in average daily attendance to
21 the equalized assessed valuation per pupil in average daily
22 attendance of the district located at the 90th percentile for
23 all districts of the same type. The grant index shall be no
24 less than 0.35 and no greater than 0.75 for each district;
25 provided that the grant index for districts whose equalized
26 assessed valuation per pupil in average daily attendance is
27 at the 99th percentile and above for all districts of the
28 same type shall be 0.00.
29 "School construction project" means the acquisition,
30 development, construction, reconstruction, rehabilitation,
31 improvement, architectural planning, and installation of
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1 capital facilities consisting of buildings, structures,
2 durable equipment, and land for educational purposes.
3 (Source: P.A. 90-548, eff. 1-1-98.)
4 (105 ILCS 230/5-20)
5 Sec. 5-20. Grant application; district facilities plan.
6 School districts shall apply to the State Board of Education
7 for school construction project grants and debt service
8 grants. Districts filing grant applications shall submit to
9 the State Board a district facilities plan that shall
10 include, but not be limited to, an assessment of present and
11 future district facility needs as required by present and
12 anticipated educational programming, the availability of
13 local financial resources including current revenues, fund
14 balances, and unused bonding capacity, and (in the case of a
15 school district's application for a school construction
16 project grant) all proceeds received and to be received from
17 bonds issued or to be issued for a school construction
18 project pursuant a referendum of the voters of the school
19 district held on or after January 1, 1997 authorizing the
20 issuance of the bonds as provided in Sections 19-2 through
21 19-7 of the School Code, a fiscal plan for meeting present
22 and anticipated debt service obligations, and a maintenance
23 plan and schedule that contain necessary assurances that new,
24 renovated, and existing facilities are being or will be
25 properly maintained. The State Board of Education shall
26 review and approve district facilities plans prior to issuing
27 grant entitlements. Each district that receives a grant
28 entitlement shall annually update its district facilities
29 plan and submit the revised plan to the State Board for
30 approval.
31 (Source: P.A. 90-548, eff. 1-1-98.)
32 (105 ILCS 230/5-50)
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1 Sec. 5-50. Referendum requirements. After the State
2 Board of Education has approved all or part of a district's
3 application and issued a grant entitlement for a school
4 construction project grant, the district shall submit the
5 project or the financing of the project to a referendum when
6 such referendum is required by law, provided that a district
7 that has passed a referendum on or after January 1, 1997, may
8 receive a grant entitlement without re-submitting the project
9 or financing to referendum.
10 (Source: P.A. 90-548, eff. 1-1-98.)
11 Section 99. Effective date. This Act takes effect upon
12 becoming law.