Illinois Compiled Statutes
Information maintained by the Legislative
Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process.
Recent laws may not yet be included in the ILCS database, but they are found on this site as Public
soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the
Because the statute database is maintained primarily for legislative drafting purposes,
statutory changes are sometimes included in the statute database before they take effect.
If the source note at the end of a Section of the statutes includes a Public Act that has
not yet taken effect, the version of the law that is currently in effect may have already
been removed from the database and you should refer to that Public Act to see the changes
made to the current law.
105 ILCS 230/5-5
(105 ILCS 230/5-5)
As used in this Article:
"Approved school construction bonds" mean bonds that were approved by
referendum after January 1, 1996 but prior to January 1, 1998 as provided in
Sections 19-2 through 19-7 of the School Code to provide funds for the
acquisition, development, construction, reconstruction, rehabilitation,
improvement, architectural planning, and installation of capital facilities
consisting of buildings, structures, durable-equipment, and land for
"Grant index" means a figure for each school district equal to one minus the
ratio of the district's equalized assessed valuation per pupil in average daily
attendance to the equalized assessed valuation per pupil in average daily
attendance of the district located at the 90th percentile for all districts of
the same category.
For the purpose of calculating the grant index, school districts are
into 2 categories, Category I and Category II. Category I consists of
elementary and unit school districts. The equalized assessed valuation
per pupil in average daily attendance of each school district in Category I
shall be computed using its grades kindergarten through 8 average daily
attendance figure. A unit school district's Category I grant index shall be
for projects or portions of projects constructed for elementary school
pupils. Category II consists of high school and unit school districts. The
equalized assessed valuation per pupil in average daily attendance of
each school district in Category II shall be computed using its grades 9
through 12 average daily attendance figure. A unit school district's Category
grant index shall be used for projects or portions of projects constructed
for high school pupils.
The changes made by this amendatory Act of the 92nd General Assembly apply
to all grants made on or after the effective date of this amendatory Act,
provided that for grants not yet made on the effective date of this amendatory
Act but made in fiscal year 2001 and for grants made
in fiscal year 2002, the grant index for a school district shall be the
greater of (i) the grant index as calculated under this Law on or after the
effective date of this amendatory
Act or (ii) the grant index as calculated under this Law before the effective
date of this
The grant index shall be no less than 0.35 and no greater than
0.75 for each district; provided that the grant index for districts whose
equalized assessed valuation per pupil in average daily attendance is at the
99th percentile and above for all districts of the same type shall be 0.00.
The grant index shall be calculated for each of those school districts forming a reorganized school district or cooperative high school if one or more of the following happen within the current or prior 2 fiscal years:
(1) a new school district is created in accordance
with Article 11E of the School Code;
(2) an existing school district annexes all of the
territory of one or more entire other school districts in accordance with Article 7 of the School Code; or
(3) a cooperative high school is formed in accordance
with Section 10-22.22c of the School Code.
The average grant index of those school districts shall be used as the grant index for the newly reorganized district or cooperative high school.
"School construction project" means the acquisition, development,
construction, reconstruction, rehabilitation, improvement, architectural
planning, and installation of capital facilities consisting of buildings,
structures, durable equipment, and land for educational purposes.
"School district" means a school district or a Type 40 area vocational center that is jointly owned if the joint agreement includes language that specifies how the debt obligation is to be paid, including in the event that an entity withdraws from the joint agreement.
"School district" includes a cooperative high school, which shall be considered a high school district for the purpose of calculating its grant index.
"School maintenance project" means a project, other than a school
construction project, intended to provide for the maintenance or upkeep
of buildings or structures for educational purposes, but does not include
ongoing operational costs.
(Source: P.A. 96-731, eff. 8-25-09; 96-1381, eff. 1-1-11.)