STROGER-CURRIE-FANTIN-BOST-KOSEL, CROTTY, JONES,JOHN AND GRANBERG.
SCH CD-CHI SCH FIN AUTH BONDS
Synopsis of Bill as introduced:
Amends the School Code and the Property Tax Code. Authorizes the
Chicago School Finance Authority to incur indebtedness by the issuance
of bonds for constructing new and rehabilitating existing school
buildings in an aggregate additional principal amount outstanding at
any time not exceeding $1.2 billion. Defines the Authority's "debt
service extension base" (as used in the Property Tax Extension
Limitation Law relative to a source from which limited bonds may be
made payable) to mean an amount equal to the portion of the 1994 taxes
that were levied by the Authority to pay debt service on bonds issued
by the Authority and that had not yet been abated as a result of the
refunding of those bonds, without regard to subsequent additional
abatements by the Authority of that tax levy. Effective immediately.
STATE MANDATES FISCAL NOTE
HB1640 fails to create a State mandate.
FISCAL NOTE (State Bd. of Ed.)
There is no impact on ISBE.
STATE MANDATES FISCAL NOTE (SBE)
No change from SBE fiscal note.
STATE DEBT IMPACT NOTE
HB 1640 would not impact State debt.
FISCAL NOTE (Dept. of Revenue)
HB 1640 has no direct fiscal impact on this Dept.
SENATE AMENDMENT NO. 1
Deletes reference to:
35 ILCS 200/18-185
105 ILCS 5/34A-501.2 new
Deletes everything after the enacting clause. Restores a Section
of the engrossed bill relating to the terms of bonds issued by the
Chicago School Finance Authority, but makes only a technical change in
that Section as restored.
SENATE AMENDMENT NO. 2.
Deletes reference to:
105 ILCS 5/34A-502
Adds reference to:
30 ILCS 330/12 from Ch. 127, par. 662
105 ILCS 5/1C-2
105 ILCS 5/1D-1
105 ILCS 5/17-1.5
105 ILCS 5/18-8.05
105 ILCS 5/21-2 from Ch. 122, par. 21-2
105 ILCS 5/21-2a from Ch. 122, par. 21-2a
105 ILCS 5/21-4 from Ch. 122, par. 21-4
105 ILCS 5/21-14 from Ch. 122, par. 21-14
105 ILCS 5/24-11 from Ch. 122, par. 24-11
105 ILCS 5/24A-5 from Ch. 122, par. 24A-5
Deletes everything. Amends the General Obligation Bond Act and
the School Code. Removes a provision that requires proceeds from the
sale of certain bonds to be deposited into the School Infrastructure
Fund. Provides that all state block grants are subject to an audit.
Makes changes in relation to the limitation of administrative costs.
Makes changes in relation to the basis for apportionment of general
State financial aid and supplemental general State aid, including
changes to general provisions and changes concerning available local
resources, equalized assessed valuation data, general State aid for
newly configured school districts, supplementary grants in aid,
alternative schools, and the general State aid adjustment grant.
Provides that an initial teaching certificate is valid for 4 years of
teaching (instead of just 4 years). Requires the State Board of
Education to ensure that the curriculum for all approved teacher
preparation programs include, and that all prospective teachers
pursuing Early Childhood, Elementary, or Secondary Education
certificates receive, instruction on the exceptional child. Provides
that nothing in provisions concerning special certificates shall be
construed to adversely affect the rights of any person presently
certificated or any person whose certification is currently pending
under the provisions concerning special certificates, and requires
that these persons be issued Standard Elementary and Standard
Secondary Certificates. Makes changes in relation to contractual
continued service. Makes changes in relation to the content of
evaluation plans for certified employees. Effective July 1, 1998.
SENATE AMENDMENT NO. 3.
Provides that Initial Teaching Certificates and Standard
Certificates shall be issued for categories corresponding to Early
Childhood, Elementary, Secondary, and Special K-12, with certification
designations (instead of for categories corresponding to Early
Childhood Education, Elementary Education, and Secondary Education,
with special certification designations). Removes a provision
requiring special certification designations to be issued for special
certificates. Removes provisions that provide that nothing in a
Section concerning special certificates shall be construed to
adversely affect the rights of any person presently certificated or
any person whose certification is currently pending under the Section
concerning special certificates and that require that these persons be
issued Standard Elementary and Standard Secondary Certificates.
Provides instead that those persons holding special certificates on
January 1, 1999 shall be eligible for the issuance of Standard
Elementary and Standard Secondary Certificates with appropriate
special certification designations or Standard Special K-12
Certificates with appropriate special certification designations.
Provides that those persons eligible to receive K-12 certification
after January 1, 1999 shall be issued Initial Elementary and Initial
Secondary Certificates with appropriate special certification
designations or Initial Special K-12 Certificates with appropriate
special certification designations.
SENATE AMENDMENT NO. 4. (Tabled May 22, 1998)
Adds reference to:
105 ILCS 5/1A-8
105 ILCS 5/1B-8
Authorizes the State Board of Education to also certify as a dis-
trict in financial difficulty if the district previously was so certi-
fied and requests to be recertified because of continuing financial
problems. Authorizes emergency financial assistance grants to be made
to a district in an amount not exceeding $250 times pupil enrollment
in the district during the prior school year. Provides that a district
may receive both an emergency financial assistance grant and an emer-
gency financial assistance loan. Changes the simple interest rate pay-
able on such loans from 4% to 50% of the most recent one-year U.S.
Treasury Bill rate as determined by the State Superintendent of Educa-
tion at the time the loan's approved.
SENATE AMENDMENT NO. 5.
Adds reference to:
105 ILCS 230/5-37 new
Eliminates a proposal to change to 1.00% from 1.20% the imputed
tax rate used to calculate the Available Local Resources and
abatement-related EAV adjustments of high school districts under the
State aid formula applicable beginning with the 1998-99 school year.
Also adds provisions amending the School Construction Law to estab-
lish succeeding year carry-over grant priority, by category, for the
school construction project grant entitlements of school districts
that do not receive a grant award in the entitlement year due to lack
of adequate appropriations. Changes the bill's July 1, 1998 effective
date to an immediate effective date, except provides that all changes
to the State aid formula Section of the School Code take effect July
Last action on Bill: PUBLIC ACT.............................. 90-0653
Last action date: 98-07-29
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 4
END OF INQUIRY
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