97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012
HB0594

 

Introduced 01/31/11, by Rep. Michael J. Madigan

 

SYNOPSIS AS INTRODUCED:
 
105 ILCS 5/2-3.33  from Ch. 122, par. 2-3.33

    Amends the School Code. Makes a technical change in a Section concerning recomputation of State aid claims.


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A BILL FOR

 

HB0594LRB097 03429 NHT 43466 b

1    AN ACT concerning education.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The School Code is amended by changing Section
52-3.33 as follows:
 
6    (105 ILCS 5/2-3.33)  (from Ch. 122, par. 2-3.33)
7    Sec. 2-3.33. Recomputation of claims. To recompute within
83 years from the the final date for filing of a claim any claim
9for reimbursement to any school district if the claim has been
10found to be incorrect and to adjust subsequent claims
11accordingly, and to recompute and adjust any such claims within
126 years from the final date for filing when there has been an
13adverse court or administrative agency decision on the merits
14affecting the tax revenues of the school district. However, no
15such adjustment shall be made regarding equalized assessed
16valuation unless the district's equalized assessed valuation
17is changed by greater than $250,000 or 2%.
18    Except in the case of an adverse court or administrative
19agency decision no recomputation of a State aid claim shall be
20made pursuant to this Section as a result of a reduction in the
21assessed valuation of a school district from the assessed
22valuation of the district reported to the State Board of
23Education by the Department of Revenue under Section 18-8.05

 

 

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1unless the requirements of Section 16-15 of the Property Tax
2Code and Section 2-3.84 of this Code are complied with in all
3respects.
4    This paragraph applies to all requests for recomputation of
5a general State aid claim received after June 30, 2003. In
6recomputing a general State aid claim that was originally
7calculated using an extension limitation equalized assessed
8valuation under paragraph (3) of subsection (G) of Section
918-8.05 of this Code, a qualifying reduction in equalized
10assessed valuation shall be deducted from the extension
11limitation equalized assessed valuation that was used in
12calculating the original claim.
13    From the total amount of general State aid to be provided
14to districts, adjustments as a result of recomputation under
15this Section together with adjustments under Section 2-3.84
16must not exceed $25 million, in the aggregate for all districts
17under both Sections combined, of the general State aid
18appropriation in any fiscal year; if necessary, amounts shall
19be prorated among districts. If it is necessary to prorate
20claims under this paragraph, then that portion of each prorated
21claim that is approved but not paid in the current fiscal year
22may be resubmitted as a valid claim in the following fiscal
23year.
24(Source: P.A. 93-845, eff. 7-30-04.)