KARPIEL-SIEBEN-KLEMM AND DILLARD.
SCH CD-ST AID-TAX EXTEN LIMITN
Synopsis of Bill as introduced:
Amends the School Code. Adjusts the equalized assessed value
used to compute general State aid for school districts subject to the
Property Tax Extension Limitation Law. Provides that if as a result of
that adjustment in a district's equalized assessed value the
district's State aid for any school year would be less than it would
have been had the adjustment not been made, that a supplementary
payment shall be made to the district for that school year equal to
that difference, subject to a proportionate abatement in the
supplementary payment if the amount appropriated for those
supplementary payments to all school districts entitled to receive
them is insufficient to allow a full supplementary payment to be made
to made to each such district. Effective immediately.
SENATE AMENDMENT NO. 1.
Provides that the State aid payable to a school district as a
result of the required adjustment shall be appropriated as a separate
and distinct line item.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1
END OF INQUIRY
Full Text Bill Status