HOEFT AND WOOLARD.
SCHOOL CONSTRUCTION GRANTS
Synopsis of Bill as introduced:
Amends the School Construction Law, the School Code, and the
State Finance Act. Eliminates minimum enrollment requirements as a
criteria for grant eligibility under the School Construction Law and
reduces the EAV per ADA pupil percentile level at which districts no
longer qualify for a grant to the 95th from the 99th percentile.
Provides for the State Board of Education to award a reorganization
incentive grant, payable from appropriations made out of the School
Infrastructure Fund, to a school district that receives a school
construction project grant from the Capital Development Board based
upon the district's present or anticipated school construction needs
attributable to its organization or formation as a community unit or
combined school district or its annexation of all of the territory of
another school district. Provides that the organization, formation,
or annexation must be initiated by a petition filed after the
amendatory Act's effective date and must take effect for all purposes
not more than 2 years after the district receives its school
construction project grant. Requires the State Board of Education to
certify to a school district that has been issued a grant entitlement
for a school construction project the amount of the project cost that
the district will be required to finance with non-grant funds.
Authorizes such a district, if it has no unused bonding capacity or if
its remaining bonding capacity is less than the amount certified by
the State Board of Education, to by referendum incur additional
indebtedness by the issuance of school construction project bonds in
an amount not exceeding the project cost that the district must
finance with non-grant funds. Makes other related changes. Effective
STATE DEBT IMPACT NOTE
HB2470 would not affect the bonding authorization of the State
or the level of State indebtedness.
FISCAL NOTE (State Board of Education)
Amount of new money needed cannot be determined.
STATE MANDATES FISCAL NOTE (State Board of Education)
No change from SBE fiscal note.
FISCAL NOTE (Capital Development Board)
No fiscal impact on current program; more money will need to be
appropriated to serve all additional eligible schools.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status