State of Illinois
91st General Assembly
Legislation

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91_HB1134sam001

 










                                           LRB9101564NTsbam04

 1                    AMENDMENT TO HOUSE BILL 1134

 2        AMENDMENT NO.     .  Amend House Bill 1134 as follows:
 3    on page  7,  immediately  below  line  6,  by  inserting  the
 4    following:
 5        "(5)  The  amount  of  general  State  aid allocated to a
 6    school district for the 1999-2000  school  year  meeting  the
 7    requirements  set  forth  in  paragraph (4) of subsection (G)
 8    shall be increased by an amount equal to  the  general  State
 9    aid  that  would  have  been received by the district for the
10    1998-1999 school year by utilizing the  Extension  Limitation
11    Equalized  Assessed  Valuation as calculated in paragraph (4)
12    of subsection (G) less the general State aid allotted for the
13    1998-1999 school year.  This amount shall  be  deemed  a  one
14    time  increase, and shall not affect any future general State
15    aid allocations."; and

16    on page 12, by replacing lines 21 and 22 with the following:
17        "Operating Tax Rate as defined in subsection (A)."; and

18    on page 13, immediately  below  line  21,  by  inserting  the
19    following:
20        "(4)  For  the  purposes of calculating general State aid
21    for the 1999-2000 school year  only,  if  a  school  district
22    experienced   a   triennial  reassessment  on  the  equalized
23    assessed valuation used  in  calculating  its  general  State
 
                            -2-            LRB9101564NTsbam04
 1    financial  aid  apportionment  for the 1998-1999 school year,
 2    the State Board of Education shall  calculate  the  Extension
 3    Limitation  Equalized Assessed Valuation that would have been
 4    used to calculate the district's 1998-1999 general State aid.
 5    This amount shall equal the product of the equalized assessed
 6    valuation  used  to  calculate  general  State  aid  for  the
 7    1997-1998 school year and the district's Extension Limitation
 8    Ratio.   If  the  Extension  Limitation  Equalized   Assessed
 9    Valuation  of  the  school  district as calculated under this
10    paragraph (4) is less than the district's equalized  assessed
11    valuation  utilized  in  calculating the district's 1998-1999
12    general  State  aid  allocation,   then   for   purposes   of
13    calculating  the  district's  general  State  aid pursuant to
14    paragraph (5) of subsection (E),  that  Extension  Limitation
15    Equalized  Assessed  Valuation shall be utilized to calculate
16    the district's Available Local Resources.".

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