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92_HB2255eng HB2255 Engrossed LRB9206474NTsbA 1 AN ACT concerning schools. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The School Construction Law is amended by 5 changing Section 5-5 as follows: 6 (105 ILCS 230/5-5) 7 Sec. 5-5. Definitions. As used in this Article: 8 "Approved school construction bonds" mean bonds that were 9 approved by referendum after January 1, 1996 but prior to 10 January 1, 1998 as provided in Sections 19-2 through 19-7 of 11 the School Code to provide funds for the acquisition, 12 development, construction, reconstruction, rehabilitation, 13 improvement, architectural planning, and installation of 14 capital facilities consisting of buildings, structures, 15 durable-equipment, and land for educational purposes. 16 "Grant index" means a figure for each school district 17 equal to one minus the ratio of the district's equalized 18 assessed valuation per pupil in average daily attendance to 19 the equalized assessed valuation per pupil in average daily 20 attendance of the district located at the 90th percentile for 21 all districts of the same categorytype. For the purpose of 22 calculating the grant index, school districts are grouped 23 into 2 categories, Category I and Category II. Category I 24 consists of elementary and unit school districts. The 25 equalized assessed valuation per pupil in average daily 26 attendance of each school district in Category I shall be 27 computed using its grades kindergarten through 8 average 28 daily attendance figure. A unit school district's Category I 29 grant index shall be used for projects or portions of 30 projects constructed for elementary school pupils. Category 31 II consists of high school and unit school districts. The HB2255 Engrossed -2- LRB9206474NTsbA 1 equalized assessed valuation per pupil in average daily 2 attendance of each school district in Category II shall be 3 computed using its grades 9 through 12 average daily 4 attendance figure. A unit school district's Category II 5 grant index shall be used for projects or portions of 6 projects constructed for high school pupils. The changes 7 made by this amendatory Act of the 92nd General Assembly 8 apply to all grants made on or after the effective date of 9 this amendatory Act, provided that for grants not yet made on 10 the effective date of this amendatory Act but made in fiscal 11 year 2001 and for grants made in fiscal year 2002, the grant 12 index for a school district shall be the greater of (i) the 13 grant index as calculated under this Law on or after the 14 effective date of this amendatory Act or (ii) the grant index 15 as calculated under this Law before the effective date of 16 this amendatory Act. The grant index shall be no less than 17 0.35 and no greater than 0.75 for each district; provided 18 that the grant index for districts whose equalized assessed 19 valuation per pupil in average daily attendance is at the 20 99th percentile and above for all districts of the same type 21 shall be 0.00. 22 "School construction project" means the acquisition, 23 development, construction, reconstruction, rehabilitation, 24 improvement, architectural planning, and installation of 25 capital facilities consisting of buildings, structures, 26 durable equipment, and land for educational purposes. 27 "School maintenance project" means a project, other than 28 a school construction project, intended to provide for the 29 maintenance or upkeep of buildings or structures for 30 educational purposes, but does not include ongoing 31 operational costs. 32 (Source: P.A. 90-548, eff. 1-1-98; 91-38, eff. 6-15-99.) 33 Section 99. Effective date. This Act takes effect upon HB2255 Engrossed -3- LRB9206474NTsbA 1 becoming law.