O'MALLEY-LAUZEN-OBAMA-CRONIN-WALSH,T AND PARKER.
SCH CD-NEW CHARTER SCHOOLS
Synopsis of Bill as introduced:
Amends the Charter Schools Law of the School Code. Removes the
limit on the number of charter schools that may operate at any one
time in the City of Chicago. Requires the State Board of Education to
provide information to persons and groups preparing or revising
charter applications that clearly details the process, timelines, and
criteria used to prepare and revise charter applications; allows other
information, such as links to external resource organizations, to also
be provided. Provides that a grant or loan from the Board for start-up
costs may not exceed $500 (instead of $250) per student enrolled in
the charter school.
SENATE AMENDMENT NO. 1.
Deletes reference to:
105 ILCS 5/27A-4
Adds reference to:
105 ILCS 5/34-49 from Ch. 122, par. 34-49
Deletes everything after the enacting clause. Reinserts the
contents of the bill with the following changes. Restores current law
concerning the limit on the number of charter schools that may operate
at any one time in the City of Chicago. Allows a charter school to
(i) borrow money without regard to any referendum requirements, (ii)
issue bonds, notes, and other obligations, and (iii) secure any of its
obligations by pledge, mortgage, or deed on its property. Allows the
governing body of a charter school to pledge, as security for the
payment of its obligations, grants, other revenues, gifts, or
donations expected to be received by the charter school from certain
sources. Allows a school board to guarantee the repayment or otherwise
enhance the credit of the debt obligations of a charter school. Makes
changes concerning State financing.
FISCAL NOTE, S-AM 1 (State Board of Education)
The costs will be approximately $5-6 million increase over the
proposed $10 million for the Charter School Grant (transition
impact aid, no additional cost; start-up grants, $5-6 million
increase due to the start-up grants increasing from up to $250
per enrollee to a flat $1,000). These costs are based on pro-
posed charter school enrollments for 2001-2002 school year
under current legislation. (Note: SB 78 has Chicago increasing
from 15 to 30 charters.) The out-year costs will also increase
since the start-up costs go every year regardless of the char-
FISCAL NOTE, S-AM 2 (State Board of Education)
Same as previous note.
SENATE AMENDMENT NO. 2.
Provides that the grants to charter schools for certain costs
shall not exceed $1,000 per student enrolled in the charter school
(instead of requiring the grants to be in the amount of $1,000 per
student enrolled in the charter school).
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 2
END OF INQUIRY
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