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1 | AN ACT concerning education.
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2 | Be it enacted by the People of the State of Illinois,
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3 | represented in the General Assembly:
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4 | Section 5. The School Code is amended by adding Section | ||||||||||||||||||||||||
5 | 2-3.148 as follows: | ||||||||||||||||||||||||
6 | (105 ILCS 5/2-3.148 new) | ||||||||||||||||||||||||
7 | Sec. 2-3.148. Survey of losses; Public Act 95-644; transfer | ||||||||||||||||||||||||
8 | of funds. | ||||||||||||||||||||||||
9 | (a) It is the intent of this Section to make whole, from | ||||||||||||||||||||||||
10 | State general revenue funds, all school districts that were | ||||||||||||||||||||||||
11 | negatively affected by the failure of this State to enact | ||||||||||||||||||||||||
12 | Public Act 95-644 in a timely manner, thereby leading to delays | ||||||||||||||||||||||||
13 | in the mailing out of property tax bills in counties where the | ||||||||||||||||||||||||
14 | alternative general homestead exemption is in effect and then | ||||||||||||||||||||||||
15 | leading to delays in the transfer of property tax collections | ||||||||||||||||||||||||
16 | to school districts, after these districts had in good faith | ||||||||||||||||||||||||
17 | promulgated tax extensions properly as provided by law. | ||||||||||||||||||||||||
18 | (b) The State Board of Education shall survey all school | ||||||||||||||||||||||||
19 | districts that are partly or wholly contained within Cook | ||||||||||||||||||||||||
20 | County and that billed owners of real property in 2007, for tax | ||||||||||||||||||||||||
21 | year 2006, under the alternative general homestead exemption | ||||||||||||||||||||||||
22 | provisions of Section 15-176 of the Property Tax Code. The | ||||||||||||||||||||||||
23 | survey shall request each of these school districts to certify, |
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1 | by affidavit signed by the superintendent of the district, the | ||||||
2 | losses suffered by the school district in each of the following | ||||||
3 | areas: | ||||||
4 | (1) The moneys, if any, lost by the school district as | ||||||
5 | a result of debt service expenses that the school district | ||||||
6 | was forced to pay to cover the debts incurred by the school | ||||||
7 | district because of delays in the receipt of their property | ||||||
8 | tax extension consequent to delays in the passage of Public | ||||||
9 | Act 95-644. | ||||||
10 | (2) The moneys, if any, lost by the school district as | ||||||
11 | a result of foregone interest receipts that the school | ||||||
12 | district did not receive because of delays in the receipt | ||||||
13 | of their property tax extension consequent to delays in the | ||||||
14 | passage of Public Act 95-644. | ||||||
15 | (3) The moneys, if any, lost by the school district as | ||||||
16 | a result of financial transaction costs that the school | ||||||
17 | district was forced to pay to float debt because of delays | ||||||
18 | in the receipt of their property tax extension consequent | ||||||
19 | to delays in the passage of Public Act 95-644. | ||||||
20 | (c) The State Board of Education is directed to transmit | ||||||
21 | this survey to all applicable school districts within 30 days | ||||||
22 | after the effective date of this amendatory Act of the 95th | ||||||
23 | General Assembly. Each school district is directed to respond | ||||||
24 | to this survey within 90 days after the effective date of this | ||||||
25 | amendatory Act of the 95th General Assembly. All surveys to | ||||||
26 | which a school district responds must be studied by the State |
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1 | Board of Education within 150 days after the effective date of | ||||||
2 | this amendatory Act of the 95th General Assembly. If the State | ||||||
3 | Board of Education finds that the response to a survey is | ||||||
4 | accurate and in good faith, the State Board of Education shall | ||||||
5 | certify it and transmit it to the State Treasurer. If the | ||||||
6 | response to the survey is not accurate or in good faith, the | ||||||
7 | State Board of Education shall return the survey to the school | ||||||
8 | district with a finding in writing as to why the survey | ||||||
9 | response was not certified. | ||||||
10 | (d) If a school district does not respond to this survey in | ||||||
11 | a timely manner within the deadlines provided in this Section, | ||||||
12 | the school district shall forfeit the right to payment under | ||||||
13 | subsection (f) of this Section. | ||||||
14 | (e) School districts that are dissatisfied under this | ||||||
15 | Section may seek administrative review from the State Board of | ||||||
16 | Education under the procedures provided under the Illinois | ||||||
17 | Administrative Procedure Act. | ||||||
18 | (f) The State Treasurer shall, by non-appropriated | ||||||
19 | statutory transfer, transfer to each school district, from | ||||||
20 | general revenue funds, the amounts certified by the school | ||||||
21 | district in its survey response, if that response has been | ||||||
22 | certified by the State Board of Education. All transfers under | ||||||
23 | this subsection (f) must be completed within 180 days after the | ||||||
24 | effective date of this amendatory Act of the 95th General | ||||||
25 | Assembly.
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26 | Section 99. Effective date. This Act takes effect upon |
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1 | becoming law.
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