90th General Assembly
Summary of HB2411
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House Sponsors:
KOSEL-LYONS,EILEEN-ZICKUS-HANNIG-YOUNGE, KLINGLER, WINTERS, 
   WAIT, COWLISHAW, BOST, POE, JONES,JOHN, PANKAU, MOORE,ANDREA, 
   MITCHELL, BRADY, WOOD, DURKIN, MULLIGAN, BIGGINS, TENHOUSE, 
   WINKEL, DEUCHLER, BLACK, STEPHENS, MEYER, GASH, MOORE,EUGENE, 
   GIGLIO, WOJCIK, COULSON, PERSICO, MURPHY AND PHELPS.

Senate Sponsors:
MAHAR-PARKER-LAUZEN-BERMAN-WALSH,L

Short description: 
SCHOOLS-HOLD HARMLESS FUNDING                                              

Synopsis of Bill as introduced:
        Amends the School Code.  Revises the State aid formula applicable      
   during the 1998-99 and  subsequent  school  years.   Deletes  language      
   requiring  that  if the aggregate amount of any hold-harmless payments      
   that school districts are to receive  in  any  such  school  year,  as      
   computed under the applicable formula for that school year, is greater      
   than   the   aggregate  amount  appropriated  for  that  purpose,  the      
   hold-harmless payments that school districts receive for  that  school      
   year  are  to  be prorated accordingly.  Also amends the General State      
   Aid Continuing Appropriation Law.  Changes the Law's short  title  and      
   includes   hold-harmless  payments  required  to  be  made  to  school      
   districts under the State aid formula within the ambit of  that  Law's      
   application.   Effective  immediately,  except  the  amendment  of the      
   School Code takes effect July 1, 1998.                                      
          FISCAL NOTE (State Board of Education)                               
          Potential cost to Illinois, above the FY98 level, is $20 M in        
          1999-2000 and $40 M in 2000-2001.                                    
          STATE MANDATES FISCAL NOTE (State Board of Education)                
          No change from SBE fiscal note.                                      
 
Last action on Bill: PUBLIC ACT.............................. 90-0654

   Last action date: 98-07-29

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



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