State of Illinois
91st General Assembly
Legislation

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91_HB4332

 
                                               LRB9112318NTks

 1        AN  ACT  to amend the School Construction Law by changing
 2    Section 5-5.

 3        Be it enacted by the People of  the  State  of  Illinois,
 4    represented in the General Assembly:

 5        Section  5.  The  School  Construction  Law is amended by
 6    changing Section 5-5 as follows:

 7        (105 ILCS 230/5-5)
 8        Sec. 5-5. Definitions.  As used in this Article:
 9        "Approved school construction bonds" mean bonds that were
10    approved by referendum after January 1,  1996  but  prior  to
11    January  1, 1998 as provided in Sections 19-2 through 19-7 of
12    the  School  Code  to  provide  funds  for  the  acquisition,
13    development,  construction,  reconstruction,  rehabilitation,
14    improvement,  architectural  planning,  and  installation  of
15    capital  facilities  consisting  of  buildings,   structures,
16    durable-equipment, and land for educational purposes.
17        "Grant  index"  means  a  figure for each school district
18    equal to one minus the  ratio  of  the  district's  equalized
19    assessed  valuation  per pupil in average daily attendance to
20    the equalized assessed valuation per pupil in  average  daily
21    attendance of the district located at the 90th percentile for
22    all  districts of the same type.  The grant index shall be no
23    less than 0.45 0.35 and no greater than 0.85  0.75  for  each
24    district;  provided  that the grant index for districts whose
25    equalized assessed  valuation  per  pupil  in  average  daily
26    attendance  is  at  the  99th  percentile  and  above for all
27    districts of the same type shall be 0.00.
28        "School  construction  project"  means  the  acquisition,
29    development,  construction,  reconstruction,  rehabilitation,
30    improvement,  architectural  planning,  and  installation  of
31    capital  facilities  consisting  of  buildings,   structures,
 
                            -2-                LRB9112318NTks
 1    durable equipment, and land for educational purposes.
 2        "School  maintenance project" means a project, other than
 3    a school construction project, intended to  provide  for  the
 4    maintenance   or   upkeep  of  buildings  or  structures  for
 5    educational  purposes,   but   does   not   include   ongoing
 6    operational costs.
 7    (Source: P.A. 90-548, eff. 1-1-98; 91-38, eff. 6-15-99.)

 8        Section  99.  Effective  date.   This Act takes effect on
 9    July 1, 2000.

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