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HB4017 - 104th General Assembly
SCH CD-CHI SCHOOL FINANCE AUTH
Statutes Amended In Order of Appearance
105 ILCS 5/34A-102from Ch. 122, par. 34A-102
105 ILCS 5/34A-103from Ch. 122, par. 34A-103
105 ILCS 5/34A-201from Ch. 122, par. 34A-201
105 ILCS 5/34A-302from Ch. 122, par. 34A-302
105 ILCS 5/34A-403from Ch. 122, par. 34A-403
105 ILCS 5/34A-404from Ch. 122, par. 34A-404
105 ILCS 5/34A-602from Ch. 122, par. 34A-602
105 ILCS 5/34A-604from Ch. 122, par. 34A-604
105 ILCS 5/34A-606from Ch. 122, par. 34A-606
Synopsis As Introduced
Amends the School Finance Authority Act of the School Code. Reinstates the School Finance Authority and reverts any powers, duties, rights, or property granted to the Chicago Board of Education upon the abolition of the original Authority established by the Article back to the Authority. Provides that any powers, duties, rights, or property granted to the Board before the abolition of the original Authority and after the reinstatement of the Authority under the amendatory Act shall remain vested in the Board. Updates the expiration dates of terms of the Chairman, the 2 Directors of the Authority appointed by the Governor, and the 2 Directors of the Authority appointed by the Mayor. Requires the Board to adopt and submit for approval a financial plan on or before March 1, 2027 and adopt and submit for approval a budget on or before February 1, 2027 with respect to the remaining portion of the fiscal year ending in 2027. Requires the Board, beginning in fiscal year 2029 and every second year thereafter, to adopt a financial plan covering a period of 2 fiscal years. Requires the Board to submit a staffing plan for the fiscal year ending in 2027 to the Authority within 90 days after the effective date of the amendatory Act. Makes other changes.
Actions
| Date | Chamber | Action |
|---|---|---|
| 3/07/2025 | House | Filed with the Clerk by Rep. Curtis J. Tarver, II |
| 3/11/2025 | House | First Reading |
| 3/11/2025 | House | Referred to Rules Committee |