90th General Assembly
Summary of SB0570
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Short description: 
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

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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