Senate Sponsors: RAUSCHENBERGER. House Sponsors: HANNIG-RYDER-CURRY,JULIE-MITCHELL,JERRY-WOOLARD Short description: ST BD ED-SPECIAL FUNDS FOR EDU Synopsis of Bill as introduced: Amends the School Code, the Private Business and Vocational Schools Act, and the State Finance Act. Provides that certain moneys received by the State Board of Education in connection with any fees, registration amounts, or other moneys collected for various purposes shall be deposited into the State Board of Education Fund created in the State treasury, to be used, subject to appropriation, by the State Board for expenses incurred in administering programs, initiatives, and activities implemented or supported by the State Board. Provides that certain moneys received by the State Board from federal aid and grants and from gifts and grants shall be deposited into the State Board of Education Special Purpose Trust Fund created in the State treasury, to be used, subject to appropriation, by the State Board for the purposes established by the Federal aid or grants or other gifts or grants. Provides that moneys received by the State Superintendent of Education from application and renewal fees under the Private Business and Vocational Schools Act shall be deposited into the Private Business and Vocational Schools Fund created in the State treasury, to be used, subject to appropriation, by the State Board to provide technology, equipment, staff, professional development, and other resources necessary to support records management and other projects in administering the Act. Repeals these provisions 4 years after the effective date of the amendatory Act. Effective immediately. SENATE AMENDMENT NO. 1. Provides that the use of the moneys in the State Board of Educa- tion Fund, the State Board of Education Special Purpose Trust Fund, and the Private Business and Vocational Schools Fund, that are subject to appropriation, are subject to appropriation by the General Assem- bly. FISCAL NOTE (State Board of Education) Moneys deposited into the SBE Fund and the SBE Special Purpose Trust Fund would be negligible amounts; approximately $100,000 would be deposited yearly into the Private Business and Voca- tional Schools Fund. STATE MANDATES NOTE (State Board of Education) Same as SBE fiscal note. Last action on Bill: PUBLIC ACT.............................. 91-0143 Last action date: 99-07-16 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status