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Rep. Maurice A. West, II
Filed: 5/18/2021
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| 1 | | AMENDMENT TO SENATE BILL 60
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| 2 | | AMENDMENT NO. ______. Amend Senate Bill 60 by replacing |
| 3 | | line 13 on page 8 through line 20 on page 9 with the following:
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| 4 | | "(105 ILCS 5/18-4.4) (from Ch. 122, par. 18-4.4)
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| 5 | | Sec. 18-4.4. Tax Equivalent Grants. When any State |
| 6 | | institution is
located in a school district in which the State |
| 7 | | owns 45% or more of the
total land area of the district, the |
| 8 | | State Superintendent of Education
shall annually direct the |
| 9 | | State Comptroller to pay the amount of the
tax-equivalent |
| 10 | | grants provided in this Section, and the State Comptroller |
| 11 | | shall
draw his warrant upon the State Treasurer for the |
| 12 | | payment of the grants. For
fiscal year 1995 and each fiscal |
| 13 | | year thereafter,
the grant shall equal
0.5% of the equalized |
| 14 | | assessed
valuation of the land owned by the State (computing |
| 15 | | that equalized assessed
valuation by multiplying the average |
| 16 | | value per taxable acre of the school
district by the total |
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| 1 | | number of acres of land owned by the State). Annually on
or |
| 2 | | before September 15, 1994 and July 1, thereafter, the district
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| 3 | | superintendent shall certify to the State Board of Education |
| 4 | | the following
matters:
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| 5 | | 1. The name of the State institution.
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| 6 | | 2. The total land area of the district in acres.
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| 7 | | 3. The total ownership of the land of the State in |
| 8 | | acres.
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| 9 | | 4. The total equalized assessed value of all the land |
| 10 | | in the district.
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| 11 | | 5. The rate of school tax payable in the year.
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| 12 | | 6. The computed amount of the tax-equivalent grant |
| 13 | | claimed.
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| 14 | | Failure of any district superintendent to certify the
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| 15 | | claim for the tax-equivalent grant on or before September 15, |
| 16 | | 1994 or July 1 of
a subsequent year shall constitute a |
| 17 | | forfeiture by the district of its right to
such grant for the |
| 18 | | school year.
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| 19 | | Notwithstanding any provision of law to the contrary or |
| 20 | | the disposition of State property which would affect the |
| 21 | | allocation of grants under this Section, a tax-equivalent |
| 22 | | grant may be awarded to a school district in which the State |
| 23 | | owns 40% or more of the
total land area of the district if, as |
| 24 | | of the effective date of this amendatory Act of the 102nd |
| 25 | | General Assembly, the school district would otherwise qualify |
| 26 | | for a tax-equivalent grant under this Section as a district in |