HB1054 Engrossed LRB095 10281 NHT 30496 b

1     AN ACT concerning education.
 
2     Be it enacted by the People of the State of Illinois,
3 represented in the General Assembly:
 
4     Section 5. The School Code is amended by changing Section
5 3-14.31 as follows:
 
6     (105 ILCS 5/3-14.31)
7     Sec. 3-14.31. School facility occupation tax proceeds.
8     (a) Within 30 days after receiving any proceeds of a school
9 facility occupation tax under Section 5-1006.7 of the Counties
10 Code, each regional superintendent must disburse those
11 proceeds to each school district that is located in the county
12 in which the tax was collected.
13     (b) The proceeds must be disbursed on an enrollment basis
14 and allocated based upon the number of each school district's
15 resident pupils that reside within the county collecting the
16 tax divided by the total number of resident students for all
17 school districts within the county.
18 (Source: P.A. 95-675, eff. 10-11-07.)