House Sponsors: KENNER-LEITCH-SCOTT-HOLBROOK. Senate Sponsors: LAUZEN Short description: SCH CD-CHICAGO-CLASSIFY FUNDS Synopsis of Bill as introduced: Amends the School Code. Provides that any school district receiving a payment under a Section concerning block grant funding for Chicago, certain Sections concerning special education, or a Section concerning transportation reimbursement may classify the funds that it receives in a particular fiscal year or from general State aid as funds received in connection with any funding program for which it is entitled to receive funds from the State in that fiscal year, regardless of the source or timing of the receipt. In the Section concerning block grant funding for Chicago, provides that payments to the school district with respect to each program for which payments to school districts generally, as of the date of the amendatory Act, are on a reimbursement basis shall continue to be made to the district on a reimbursement basis. Effective immediately. FISCAL NOTE (State Board of Education) The fiscal impact of House Bill 210 is unclear. It will main- tain the accrual basis of the mandated categorical programs and prevent significant one time accounting reductions to dis- tricts which account on an accrual basis. It will not have a significant operational impact on the State Board of Education or school districts. It will likley complicate the accounting and reporting process for the Board and for local school dis- tricts. Further issues may arise when GASB 34 is fully imple- mented by 2004. STATE MANDATES NOTE (State Board of Education) Sames as SBE fiscal note. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status