Senate Sponsors: KARPIEL-SIEBEN-KLEMM AND DILLARD. House Sponsors: COWLISHAW-KOSEL-MCAULIFFE-WOOD-COULSON Short description: SCH CD-ST AID-TAX EXTEN LIMITN Synopsis of Bill as introduced: Amends the School Code. Adjusts the equalized assessed value used to compute general State aid for school districts subject to the Property Tax Extension Limitation Law. Provides that if as a result of that adjustment in a district's equalized assessed value the district's State aid for any school year would be less than it would have been had the adjustment not been made, that a supplementary payment shall be made to the district for that school year equal to that difference, subject to a proportionate abatement in the supplementary payment if the amount appropriated for those supplementary payments to all school districts entitled to receive them is insufficient to allow a full supplementary payment to be made to made to each such district. Effective immediately. SENATE AMENDMENT NO. 1. Provides that the State aid payable to a school district as a result of the required adjustment shall be appropriated as a separate and distinct line item. Last action on Bill: SESSION SINE DIE Last action date: 99-01-12 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status