Synopsis As Introduced Amends the School Code. Provides that by the beginning of the 2006-2007 school year, the State Board of Education shall by rule establish a parental participation pilot project to provide grants to the lowest performing school districts to help these districts improve parental participation through certain activities. Provides that the pilot project shall be for a period of at least 4 school years. Provides that the Board shall select 4 school districts to participate in the pilot project, and sets forth criteria for the Board to consider when selecting participating school districts. Sets forth requirements for participants. Provides for a review and final evaluation of the project. Amends the State Finance Act to create the Parental Participation Pilot Project Fund as a special fund in the State treasury. Repeals these provisions on December 31, 2010. Effective immediately.