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SB3090 Enrolled |
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LRB093 20506 NHT 47212 b |
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| AN ACT concerning schools.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The School Code is amended by adding Section |
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| 17-3.5 as follows: |
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| (105 ILCS 5/17-3.5 new) |
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| Sec. 17-3.5. Maximum-authorized district educational |
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| purposes tax rate. If, at any election held prior to March 19, |
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| 2004, the voters of a school district having a population of |
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| less than 500,000 inhabitants approved the proposition to |
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| increase the educational purposes tax rate of the district and |
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| the proposition to increase the rate set forth as the existing |
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| maximum-authorized educational purposes tax rate of the |
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| district the tax rate most recently extended for educational |
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| purposes, then, for the purposes of this Code and the Property |
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| Tax Code, the maximum-authorized educational purposes tax rate |
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| of the district shall be calculated as follows:
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| (1) for the first tax year affected by the results of |
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| the referendum, the district's tax rates shall be |
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| calculated based upon the rates set forth in the |
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| proposition; and
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| (2) for each tax year thereafter, the district's |
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| maximum-authorized educational purposes tax rate approved |
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| at the referendum shall be equal to the sum of the |
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| district's maximum-authorized educational purposes tax |
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| rate immediately preceding the referendum plus the |
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| difference between the rates set forth in the proposition |
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| submitted to the voters of the district at the referendum.
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| Within 10 days after the effective date of this amendatory |
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| Act of the 93rd General Assembly, the school board of any |
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| school district affected by this subsection (a) may, |
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| notwithstanding the requirements of any other law to the |