90th General Assembly
Summary of SB1529
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Senate Sponsors:

Short description: 
SCH CD-FOUNDATION LEVEL                                                    

Synopsis of Bill as introduced:
        Amends the School Code.  In the State aid formula  applicable  to      
   the   1998-1999   and  subsequent  school  years,  provides  that  the      
   Foundation Level of support for the 2001-2002  and  subsequent  school      
   years  shall  be  the  Foundation  Level  of support for the preceding      
   school year increased by an amount  equal  to  that  prior  Foundation      
   Level  multiplied  by  the  percentage  increase in the Consumer Price      
   Index.  Eliminates provisions that create and prescribe the powers and      
   duties of the Education  Funding  Advisory  Board.   Also  amends  the      
   General State Aid Continuing Appropriation Law.  Makes that Law, which      
   currently  applies  only to fiscal years 1999 through 2001, applicable      
   to fiscal year 1999 and each fiscal year thereafter, and also  repeals      
   a provision of that Law that provides for the Law's repeal on June 30,      
   2001.  Effective July 1, 1998.                                              
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: Senate

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


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