Section 145.20  General Requirements

a)         The school board of a district making initial application for a temporary relocation expense loan or grant shall adopt and submit to the State Board of Education along with its application:

1)         a resolution levying the tax provided for by Section 17-2.2c of the School Code [105 ILCS 5/17-2.2c] at the maximum rate permitted thereunder, in order to repay the State of Illinois for funds received pursuant to this Part; and

2)         a resolution encumbering all insurance proceeds payable to the district for relocation expenses for the affected facility and providing that these proceeds shall be paid to the State Board of Education within thirty days after their receipt by the district.

b)         Each district shall remit to the State Board of Education all proceeds received by the district from the tax levied under Section 17-2.2c of the School Code no later than January 31 of the year following the calendar year to which the proceeds are attributable.  Proceeds received by the district after that date may, at the district's discretion, be remitted at any time prior to the next January 31 deadline or may be held by the district and included with that payment.  (That is, only one payment per year shall be required, but a district may make additional payments at its option.)

c)         Each application shall indicate:

1)         whether the application is for a loan, a grant, or both;

2)         the date and nature of the qualifying event leading to the application;

3)         that the school board has adopted a plan to house the displaced students permanently;

4)         the time required to effect the permanent solution described in the plan;

5)         an estimate of the necessary temporary relocation expenses to be incurred and a description of the necessity for them;

6)         an estimate of the amount of insurance proceeds to be received;

7)         an estimate of the amount of funds that can be raised through the levy of the tax called for in Section 17-2.2c of the School Code;

8)         the amount which the district does not expect to be able to repay to the State Board of Education from funds realized under subsections (b)(6) and (7) and for which an outright grant is requested, if any; and

9)         an agreement to comply with Section 2-3.77 of the School Code and this Part and to authorize the State Board of Education to deduct from the district's general State aid any amount owed to the State Board under this Part which is in default.

d)         Applications shall be considered on a first come, first served basis as long as funds remain available.  Districts otherwise eligible but not receiving a loan or grant due to insufficiency of the appropriation shall receive first consideration in the subsequent fiscal year.

(Source:  Amended at 29 Ill. Reg. 10126, effective June 30, 2005)