O'MALLEY-KARPIEL-BERMAN. 105 ILCS 5/18-8.05 Amends the School Code. Provides that the Available Local Resources of a grant-eligible district, as a component of the formula by which that district's general State aid is computed, shall be determined using an equalized assessed valuation of the district's taxable property that reflects the limitations placed by the Property Tax Extension Limitation Law on the growth in district property tax revenues. Effective July 1, 1999. 99-02-26 S FIRST READING 99-02-26 S REFERRED TO SENATE RULES COMMITTEE RULES 99-03-03 S ASSIGNED TO COMMITTEE EDUCATION 99-03-10 S POSTPONED 99-03-17 S POSTPONED 99-03-17 S COMMITTEE EDUCATION 99-03-20 S RE-REFERRED TO RULES COMM/RULE 3-9(A) RULES 01-01-09 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary