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94TH GENERAL ASSEMBLY
State of Illinois
2005 and 2006 HB0162
Introduced 1/11/2005, by Rep. Roger L. Eddy SYNOPSIS AS INTRODUCED: |
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Amends the School Construction Law. Provides that for school districts that have consolidated within a prior fiscal year, the grant index shall be calculated for each of those school districts that form the new school district. Provides that whichever grant index is the highest shall be used as the grant index for the newly consolidated school district.
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| FISCAL NOTE ACT MAY APPLY | |
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A BILL FOR
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HB0162 |
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LRB094 04191 LJB 34215 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 Construction Law is amended by |
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| changing Section 5-5 as follows:
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| (105 ILCS 230/5-5)
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| Sec. 5-5. Definitions. As used in this Article:
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| "Approved school construction bonds" mean bonds that were |
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| approved by
referendum after January 1, 1996 but prior to |
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| January 1, 1998 as provided in
Sections 19-2 through 19-7 of |
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| the School Code to provide funds for the
acquisition, |
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| development, construction, reconstruction, rehabilitation,
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| improvement, architectural planning, and installation of |
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| capital facilities
consisting of buildings, structures, |
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| durable-equipment, and land for
educational purposes.
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| "Grant index" means a figure for each school district equal |
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| to one minus the
ratio of the district's equalized assessed |
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| valuation per pupil in average daily
attendance to the |
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| equalized assessed valuation per pupil in average daily
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| attendance of the district located at the 90th percentile for |
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| all districts of
the same category.
For the purpose of |
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| calculating the grant index, school districts are
grouped
into |
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| 2 categories, Category I and Category II. Category I consists |
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| of
elementary and unit school districts. The equalized assessed |
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| valuation
per pupil in average daily attendance of each school |
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| district in Category I
shall be computed using its grades |
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| kindergarten through 8 average daily
attendance figure. A unit |
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| school district's Category I grant index shall be
used
for |
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| projects or portions of projects constructed for elementary |
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| school
pupils. Category II consists of high school and unit |
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| school districts. The
equalized assessed valuation per pupil in |
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| average daily attendance of
each school district in Category II |