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90_HB0100 New Act Creates the Fund Education First Act. Beginning with fiscal year 1997, and in each fiscal year thereafter, provides that until the sum of State and federal spending for elementary and secondary education for the fiscal year represents 50% of the total revenues that the State Superintendent of Education estimates are available from local, State, and federal sources for elementary and secondary education for that fiscal year, the amount appropriated by the General Assembly from general funds for educational programs for that fiscal year shall be at least equal to the sum of (1) 50% of total new general funds available for spending from certain sources during that fiscal year, plus (2) the total amount appropriated from general funds for educational programs during the preceding fiscal year. Requires the Governor, beginning with fiscal year 1998, to include in his annual budget an allocation for education that conforms to the provisions of the Fund Education First Act. Effective immediately. LRB9000278THpkA LRB9000278THpkA 1 AN ACT relating to education funding. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 1. Short title. This Act may be cited as the 5 Fund Education First Act. 6 Section 5. Educational appropriations. Beginning with 7 fiscal year 1997 and in each fiscal year thereafter, subject 8 to the provisions of Section 10 of this Act, the General 9 Assembly shall appropriate for educational programs an amount 10 that is equal to or exceeds the sum of: (a) the total amount 11 appropriated from general funds for educational programs 12 during the fiscal year immediately preceding the fiscal year 13 for which the appropriation is being made; and (b) 50% of 14 total new general funds available for spending from estimated 15 growth in revenues and funds available because of budgeted 16 program growth and decline in the fiscal year for which the 17 appropriation is being made. 18 Section 10. State and federal funding. State funding 19 for educational programs shall continue to be appropriated 20 pursuant to the formula established in Section 5 until the 21 sum of State and federal spending represents one-half of the 22 total revenues available from local, State, and federal 23 sources for elementary and secondary education programs for 24 the current fiscal year, as estimated by the State 25 Superintendent of Education. 26 Section 15. Allocation. Two-thirds of the new general 27 funds to be appropriated pursuant to clause (b) of Section 5 28 shall be appropriated for elementary and secondary -2- LRB9000278THpkA 1 educational programs and one-third shall be appropriated for 2 higher education programs. 3 Section 20. Governor's budget. Beginning with fiscal 4 year 1998 and in each fiscal year thereafter, the Governor 5 shall include in his annual budget an allocation for 6 elementary and secondary education and higher education which 7 conforms to the provisions of this Act. 8 Section 99. Effective date. This Act takes effect upon 9 becoming law.
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