Bill Status of HB0412 95th General Assembly
Short Description: SCH CD-TAX EQUIVALENT GRANTS
Rep. Raymond Poe - Lisa M. Dugan - Rich Brauer
(Sen. Larry K. Bomke)
| 1/13/2009||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the School Code. Requires a tax-equivalent grant to be paid to any school district where a State-owned institution is located (now, a school district is entitled to a grant only if the State owns 45% or more of the total land area of the district). Effective immediately.
House Committee Amendment No. 1
Provides that the requirement that the State Superintendent of Education annually direct the State Comptroller to pay the amount of the tax-equivalent grants and the State Comptroller draw his or her warrant upon the State Treasurer for the payment of the grants is subject to appropriation.