Rep. Raymond Poe
Filed: 3/7/2013
 
 

 

 

 
09800HB1980ham001LRB098 06168 NHT 42335 a



1
AMENDMENT TO HOUSE BILL 1980 




2    AMENDMENT NO. ______. Amend House Bill 1980 by replacing 
3everything after the enacting clause with the following:



 
4    "Section 5. The School Code is amended  by changing Section 
518-4.4 as follows:
 



6    (105 ILCS 5/18-4.4)  (from Ch. 122, par. 18-4.4)



7    Sec. 18-4.4. Tax Equivalent Grants. When any State-owned

8State institution is
located in a school district in which the 
9State owns 45% or more of the
total land area of the district, 
10the State Superintendent of Education
shall annually direct the 
11State Comptroller to pay the amount of the
tax-equivalent 
12grants provided in this Section, and the State Comptroller 
13shall
draw his warrant upon the State Treasurer for the payment 
14of the grants.  For
fiscal year 1995 and each fiscal year 
15thereafter,
the grant shall equal
0.5% of the equalized 
16assessed
valuation of the land owned by the State (computing 
 
 
09800HB1980ham001- 2 -LRB098 06168 NHT 42335 a

1that equalized assessed
valuation by multiplying the average 
2value per taxable acre of the school
district by the total 
3number of acres of land owned by the State).  Annually on
or 
4before September 15, 1994 and July 1, thereafter
or, for a 
5school district to which this Section first applies on the 
6effective date of this amendatory Act of the 98th General 
7Assembly, annually on or before September 15, 2013 and July 1 
8thereafter, the district
superintendent shall certify to the 
9State Board of Education the following
matters:


10        1. The name of the State institution.


11        2. The total land area of the district in acres.


12        3. The total ownership of the land of the State in 
13    acres.


14        4. The total equalized assessed value of all the land 
15    in the district.


16        5. The rate of school tax payable in the year.


17        6. The computed amount of the tax-equivalent grant 
18    claimed.

19    Failure of any district superintendent to certify the
claim 
20for the tax-equivalent grant on or before September 15, 1994 or

21July 1 of
a given
subsequent year or, for a school district to 
22which this Section first applies on the effective date of this 
23amendatory Act of the 98th General Assembly, on or before 
24September 15, 2013 or July 1 of a subsequent year shall 
25constitute a forfeiture by the district of its right to
such 
26grant for the school year.

 
 
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1(Source: P.A. 91-723, eff. 6-2-00.)

 

2    Section 99. Effective date. This Act takes effect upon 
3becoming law.".